Posted byon September 2, 2016
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Fidelity is sweetening the deal for you to start using your recently converted Fidelity Rewards 2% Cash Back Credit Card.
After the switch from American Express to Elan this summer, they just sent out mailers reminding you to activate your card.
Open it! I almost threw it away since it just looks like a reminder to activate your card… but inside is a $100 bonus offer (or another amount if your letter has a different offer) for using the card for the next 60 days. I love bonus offers that are for existing cardholders!
The offer is targeted. We have three Fidelity accounts; two had offers and one did not.
Here’s a picture of the front of my mailer and what you are looking for:
It’s our Free Money Friday offer.
Earning Points. Since the card earns 2% cash back, your bonus will be in addition to your regular points. The bonus offers will be worth 7% cash back (2% +5% = 7%).
2% Cash Back? Since I had to call to find out about the offers on our accounts (the mailer doesn’t indicate which account the bonus is for!) I questioned why one of our three accounts only earns 1.5% cash back instead of 2%. The service rep said that they will be mailing out offers in 6 months to convert the 1.5% cash back cards to 2% cards. I put a note in my calendar to follow up in six months… you may want to do the same.
Redeeming Points. You can automatically redeem your cashback as a $50 deposit into your Fidelity account after you reach 5,000 points.
Link Your Account. You need to link your card to your Fidelity account online. Once you link your account redemptions will happen automatically.