Fidelity Investment Rewards American Express Signup Bonus is Back

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Over the weekend I covered the economics of the 2% cash back card.

My favorite is Citi Double Cash because of the high rate of return combined with MasterCard acceptance.

The card which would in my view be equally valuable is the Fidelity Investment Rewards American Express — the only downside being less acceptance, my dry cleaner for instance doesn’t take Amex.

Both cards have no annual fee.

The Fidelity card usually has no signup bonus but last February offered $75 after $500 in purchases within 60 days and last September offered $50 after $500 in purchases within 60 days.

The $50 signup bonus is back, reportedly through July 29. Once again the requirement to earn the bonus is $500 spend within 60 days.

I still value the points earned on unbonused spend from the Starwood Preferred Guest American Express Card at over 2 cents, so continue to use that as my go-to rather than a 2% cash back card.

And I prefer the Chase Sapphire Preferred Card as the best rewards card overall. However for those interested in cash back (and if your travels are primarily domestic economy, you might be), both Citi Double Cash and this Fidelity Amex offer are products to consider.

(HT: PointsCentric)

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.


  1. And for those spend a lot on a cash back card, the BarclayCard’s extra 0.2% back pays the $89 annual fee at about $3700/month . Plus you get free Tripit pro and elite world MasterCard stuff (shrug). Also, the $400 bonus is about 5 years of annual fees (including the first year free) more than you get from Fidelity.

  2. @Karen, the Fidelity Amex card qualifies for Amex promos like Small Business Saturday and I believe Amex sync offers, but you can’t use the Amex offers tab to get offers that are offered to traditional Amex cards.

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