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FAQs About the Fidelity® Retirement Rewards American Express® Card |
Card Information
Earning and Redeeming Points
Card InformationWho may apply for a card?Anyone who resides in the U.S. and is 18 years or older may apply for a Fidelity Retirement Rewards Card, but to receive the Fidelity Rewards benefits as a contribution to a Fidelity account, you must link your Card to an open and funded eligible Fidelity account. FIA Card Services, N.A. reviews all applications. Minors, corporations, partnerships, and trusts cannot participate. Fidelity is not involved with credit card qualification decisions and cannot guarantee that any existing Fidelity customer will be eligible for this Card. TopWho is FIA Card Services, N.A.?FIA Card Services, N.A. is the issuer and administrator of the Fidelity Retirement Rewards American Express Card. It is an independent company and not affiliated with Fidelity Investments. Fidelity has worked with FIA Card Services to offer this credit card program to our customers. If you have an existing credit card offered by Fidelity and have questions about your card, please refer to the number on the back of the card. TopWhat accounts are eligible for a Fidelity Rewards deposit?Individual Retirement Account registrations include Traditional IRA, Roth IRA, Rollover IRA, and SEP IRA. Other Fidelity accounts that can accept rewards are non-retirement brokerage accounts and Fidelity-managed 529 Plan accounts that accept Automated Clearing House ("ACH") deposits. If you intend to deposit rewards in an eligible account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law or program policy, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account customer agreement, custodial agreement or participation agreement for information on the terms and conditions of the Fidelity account. TopWhat if I already have a Fidelity Rewards Credit Card?If you already have a Fidelity rewards credit card you can continue to enjoy the features and benefits associated with that card. If you would like to apply for a new Fidelity® Retirement Rewards American Express® Card, please fill out the appropriate online application or call an FIA Card Services, N.A. representative at 866-598-4971. TopHow does the Fidelity Retirement Rewards American Express Card work if I elect to deposit my Rewards in a tax-advantaged Fidelity IRA or a Fidelity 529 account?Here are some things to keep in mind if you want to deposit your Fidelity Rewards into these accounts:
Earning and Redeeming PointsHow do I earn Fidelity Rewards points?Cardmembers earn 2 WorldPoints® for every $1 spent in net retail purchases. Net retail purchases are defined as purchases less credits, returns, and adjustments. Other transactions that do not earn rewards points include:
How are points redeemed into a Fidelity account?Cardmembers can choose to have their points automatically redeemed at the end of each month as a current year contribution into their Fidelity IRA or into another eligible Fidelity account. Cardmembers can also choose to accrue points and redeem them on demand at any time. You must earn a minimum of 5000 points, $2,500 in purchases, to have them redeemed into a Fidelity account. Once you have reached 5000 points, they can be converted at a rate of 1% (5000 point = $50 deposit) into the eligible Fidelity account you designate. You can also designate multiple Fidelity accounts to direct your earnings. Deposits will be sent via the Automated Clearing House ("ACH") Network into your designated Fidelity account(s). Automatic Redemption Set up Customers may set up their account for automatic redemption by designating an eligible account at the time of application, or after the Card account is opened by selecting the Fidelity Rewards banner at www.fiacardservices.com. This content will appear in a pop-up window.. At the end of each month, if you have reached the 5,000 point minimum, FIA Card Services, N.A. will automatically convert your points to the equivalent dollar amount and deposit that amount through the ACH network into your designated Fidelity account(s). On Demand Redemptions If you do not want your points automatically deposited into your Fidelity account, you can choose to accrue points continuously and redeem them at any time you choose once you have reached the 5,000 point minimum. To do this, follow the instructions below.
How many points do I need to earn in order to redeem them?If you choose to redeem your points for items from the WorldPoints® catalog, options begin at 2,500 points. If you choose to redeem points for cash back into an eligible Fidelity account you must have a minimum of 5,000 points. TopCan I redeem points for other things?Yes. You can choose to redeem your points for travel with no blackout dates, gift certificates, brand name merchandise, or other items. Just visit www.fiacardservices.com. This content will appear in a pop-up window. and select the Rewards tab for a complete listing of redemption options. TopWhere can I find out how many points I have earned?The monthly Fidelity Rewards credit card statement that you receive from FIA Card Services, N.A. shows how many points you have earned for each billing period. You can also access key credit card information online at www.fiacardservices.com. This content will appear in a pop-up window. TopWhen do my points expire?Your points will expire after 5 years. TopCan I cash out my rewards points?No. Reward points have no independent cash value unless converted into a cash deposit. If you cancel your Card, all remaining reward points will be forfeited. TopWhat is the cap on the amount of points I can earn or redeem?There are no caps to the amount of points you can earn or redeem. TopIs this Card associated with the American Express® Membership Rewards® program?No. The rewards points earned through this program are not affiliated with the American Express Membership Rewards program. TopCan I use rewards points to open a Fidelity account?No. Your Card must be linked to a previously opened and currently funded eligible Fidelity account. If your account is not adequately funded, the reward points will not transfer into the account. Minimum investment requirements vary by account type. TopHow are points that are redeemed as cash into my Fidelity account going to be invested?Points redeemed as cash into a Fidelity account will be deposited into the core position of your account. If you are depositing into a Fidelity-managed 529 account, it will be deposited at the closing day market price on the day the funds are transferred into your Fidelity account. They are invested according to the standing allocation instructions on the designated account. TopAmerican Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license. WorldPoints and Bill Pay Choice are trademarks of FIA Card Services, N.A. For information about the rates, fees, other costs, and benefits associated with the use of this credit card, visit www.fidelity.com/retirementrewards and refer to the disclosures accompanying the online credit card application, or call FIA Card Services toll-free at 1-866-598-4971. This credit card program is issued and administered by FIA Card Services, N.A., which is not an affiliate of Fidelity Investments. |
