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FIA Card Services Fidelity 529 College Savings Rewards American Express Card Review

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Enjoy widespread industry recognition and respect with the FIA Card Services Fidelity 529 College Savings Rewards American Express Card. It’s one of a family of three AmEx cards available from Fidelity, and it’s rated as one of the best rewards cards available anywhere. It offers a no-nonsense, straight 2% cash back on everything. There’s no categories that change each month. There’s none of that 3% here, 2% there and 1% everywhere else jazz. A quick view of the Fidelity website will show you that the vast majority of more than 800 reviews really appreciate their cards.

It boils down to this: For every $2500 you spend on your FIA Card Services Fidelity 529 College Savings Rewards American Express Card, you get $50 auto-deposited into the Fidelity account of your choice. This can be a retirement fund, brokerage account or any 529 fund that Fidelity manages. Further, you can have your cashback rewards deposited into as many as five different Fidelity accounts. You can even have your family members direct their Fidelity rewards to your card’s account. Let the points accumulate!

There’s no cap on the number of points you can earn with the FIA Card Services Fidelity 529 College Savings Rewards American Express Card. The points stay valid for five years before expiring. If you opt to exchange your rewards points for traveling credit, you never have to worry about black-out dates.

Here’s an interesting piece of info I uncovered deep in the fine print. The FIA Card Services Fidelity 529 College Savings Rewards American Express Card cashback points only have the straight 2% value if you are directing them to a Fidelity manages account. If you want to redeem them via other options, their point value will be lessened. Now here’s the interesting part. Fidelity will not disclose how much less the points will be worth – until you receive the complete terms and rules with your approved card.

APRs and Fees for the FIA Card Services Fidelity 529 College Savings Rewards American Express Card

There is no intro promotion for the APRs of the FIA Card Services Fidelity 529 College Savings Rewards American Express Card. The general purchase APR is a very respectable 13.99%. Balance transfers do have an intro 0% APR, but only for the first seven months. For cash advances, the APR will be 24.99%, a little less than most other cards. If you ever incur the penalty APR, as with most cards, it will be 29.99%.

There is no annual fee for the FIA Card Services Fidelity 529 College Savings Rewards American Express Card. Balance transfer fees are always a straight 4% of the transaction amount in U.S. dollars. If you have a payment returned, there will be a $25 fee. If you make a payment late, the fee will be $35. Of course, late payments and returned payments are rare for this card. To be approved, you’re going to need a credit score of 700 or better. And if you have that, then you are most likely well aware of the importance of consistently timely payments.

Automatic Benefits of the FIA Card Services Fidelity 529 College Savings Rewards American Express Card:

It’s so important in this age of hacking to maintain account security for your FIA Card Services Fidelity 529 College Savings Rewards American Express Card. AmEx gets that and provides a Zero Liability coverage clause for every cardholder. With this in effect, you will incur no charges if your card is used without your knowledge and authorization. And of course, multiple levels of intense technological security is built into every move that AmEx (and every other financial entity) takes. And if your account is ever compromised, AmEx has a generous supply of recovery services available for you.

College students love to travel home on the holidays – and parents have a lot of worrying to do while their students are on the highways, or in the air. However your student is traveling, she will be safer with passive benefits including:

Emergency travel services that take care of you when you have a flat tire. Or maybe you run out of fuel on a backroad. Who knows, maybe your transmission goes out and your car isn’t going anywhere without a tow. Whatever the case may be, your FIA Card Services Fidelity 529 College Savings Rewards American Express Card has benefits in place to get you safely back on the road again. There’s also services and benefits that assist cardholders with lost, stolen and/or misplaced luggage. Add in car rental damage insurance coverage and you have a complete travel package of benefits that have to put your mind at ease at least a bit.

Last but not least, college students love to shop. They need books, clothes, electronics, furniture, automobiles, tuition – and beer. The FIA Card Services Fidelity 529 College Savings Rewards American Express Card has Warranty Extension benefits I place too. This means that every purchase that comes with a U.S. warranty has its warranty coverage doubled. The maximum coverage term is 12 months. So if you buy an item that comes with a 9-month warranty, you’re automatically covered for 18 months. Check out the Fidelity website for all the details you care to research.

Cardholders are loving on this card hard. It offers them excellent rates in return for their excellent credit scores. The fees are doable and the APRs are too. Customer service representatives are serious about being friendly – and they’re serious about resolving any issues you may have thoroughly and efficiently. There are no complaints of some of the downright rude experiences many others have with many other cards. If you have the credit to get it, the FIA Card Services Fidelity 529 College Savings Rewards American Express Card can be a strong asset in your credit card arsenal.

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