fidelity

Tag Archives for fidelity.

Need a Checking Account With NO Fees, Minimums, or ATM Charges EVER? Try These.

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It’s been over 2 years since I first professed my love for the Fidelity Cash Management account. And about the same amount of time since I wrote about the Aspiration Summit account.

best no fee checking accounts

My love ❤️

Both are fantastic checking account options because there are no fees, no minimum balances, and no direct deposit requirements. Essentially they’re free to open and keep forever, even if you never use them. Even better, both accounts reimburse ATM fees from ANY ATM in the world. And neither account incurs a hard credit pull to open.

There are a couple of key differences to them, though. I’ll highlight what they are. But, bottom line, you should have at least one of these accounts – if not both!

1. Fidelity Cash Management Account

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16 Points & Miles Predictions for 2016

Happy New Year! I thought I’d hop on the bandwagon with the predictions. So here’s my effort.

"Everyone else is doing it, so why can't we?"

“Everyone else is doing it, so why can’t we?”

2015 was a crazy year

A portrait of the Fidelity AMEX card

A portrait of the Fidelity AMEX card

Out and Out’s Points and Miles Predictions for 2016

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The 2 Best No Annual Fee Cashback Cards: Fidelity AMEX and Discover it® Cashback Match™

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Or, you’re crazy not to get these 2 cards. They’re free money!

I’m reviewing my cards because it’s getting to the end of the year and doing a little maintenance on what needs to get dumped or renewed.

On the dump list is:

I need to clear out some clutter because I recently added:

Out with the old, in with the new as they say.

But, there are 2 cashback cards definitely worth keeping and/or getting. And yes, there’s a distinction.

Keep the Fidelity AMEX forever

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Discover it® Cashback Match™ Is an Amazing Cashback Card (For the 1st Year at Least)!

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My new Discover It card came in the mail this week, in very nice packaging.

I activated it online and got about to exploring Discover Deals now that I have full access.

And I might have to change my tune now.

I’ve long heralded the Fidelity AMEX as the best cashback card.

But now I’ll refer to it as the best ongoing cashback card. Because, the 1st year at least, the Discover It has it beat by a mile.

I’ll still get great use out of the Discover It card the 2nd year, albeit much reduced.

The 1st year, this card is good for an easy $600, at least. And I’m even thinking this no annual fee card has the potential for over $1,000 back.

Getting the Discover It card

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No Annual Fee Cards + Personal Finance: Why You Need (At Least) One

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Like it or not, in this country you need good credit. It’s as avoidable as death or taxes. As in, not at all.

Starting out with credit cards, you’ll encounter a catch-22: you need good credit to get a credit card, but you need a credit card to build good credit.

No annual fee cards are NOT boring. In fact, they have some innovative rewards!

No annual fee cards are NOT boring. In fact, they have some innovative rewards!

A good place to start is no annual fee cards.

For beginners

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List of AMEX Cards NOT Issued by American Express

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Spoiler alert. On this list, I find the FIA Fidelity AMEX to be the most valuable. I just love that card so much.

List of AMEX Cards NOT Issued by American Express

Thank you for being a friend – and for NOT being issued by American Express

And this post is gonna be focused on Serve.

Note: It is possible to send money between Serve and REDbird, or Serve and Bluebird.

So if you’re managing multiple cards, you can get a Serve card, load it up for $1,000 each month, and send it to Bluebird or REDbird to pay bills that normally don’t accept credit cards. Like student loans, utilities, mortgage payments, or anyone else.

List of AMEX Cards NOT Issued by American Express: 

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Radius Bank + SmarterBucks isn’t gonna work for me (but could maybe help you)

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I was excited to explore this dark alleyway of the internet, because there are so few rewards debit cards left.

No bueno

No bueno

This one, through SmarterBucks and Radius Bank seemed like it was gonna be a doozy. But, unfortunately, it’s pretty worthless, for me at least. I’m gonna have to DTMFA.

I’ll explain.

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Is the Fidelity Amex the best cashback card in the universe?

<3

<3

Sorry for the hyperbole slash clickbait-y title. I thought I was being on trend.

But seriously, I love this card. I’m close to being obsessed with it:

We all love our points and miles. But I’ve been reading about straight cashback cards for a sec now, and the poor Fidelity Amex always gets swept under the rug.

Well no longer. This card is a gem. It has so much going for it. And it might just be the ace in the back pocket of cashback cards, which by default makes it the best cashback card in the universe.

Let me extoll the ways

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Exploring Amex Serve for free money and handy uses after April 16th

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Since I’m without REDbird and just have Serve as an option here in NYC, I’ve been thinking a lot about how to best use Serve following its move to Amex-only cards after April 16th.

They’re really not leaving consumers with a whole lot of options, but there are a few ways to get some great value and/or handy uses out of Serve using just American Express cards.

But don’t get them from American Express

In this post, I produced a list of all the Amex cards that are not issued by American Express.

Why?

Credit cards issued by American Express will not earn points and will not count toward minimum spend when used to load Serve. Which is so lame. I’d love to be able to use the Amex EveryDay Preferred to load this puppy up.

But alas, we take what we can get.

The FIA Fidelity Amex (!!!)

Why don’t other bloggers talk about this card more? This is my number one use of this card following April 16th. I’ve written about this card in detail many times before.

The transactions post flawlessly and are coded as purchases and earn free money.

I loaded up my Serve this month with my Barclays AAdvantage Aviator Red MasterCard for $990 to take AAdvantage of the 50% bonus that I was targeted for a few weeks ago to earn some extra free miles.

But then I loaded up the remaining $10 to my FIA Fidelity Amex to see how it would post.

Serve reloads code as purchases with FIA

Serve reloads code as purchases with FIA

And points post without any issue

And points post without any issue

What does this mean?

You can earn an extra completely, totally 100% free $240 to credit toward an IRA, brokerage account, or checking account for 1 minute of “work” each month. I use the Serve iPhone app to blearily load up my Serve account from bed the first 5 days of each month. It takes me literally seconds. This is the easiest money I’ve ever earned in my life, I think. I consider this, by far, the best use of the Serve card after April 16th.

Why?

The FIA Fidelity Amex has no annual fee and earns an unlimited 2% cash back on every purchase… including Serve reloads.

Say you get the FIA Fidelity Amex, which is free, and the Serve card, which is also free, and load up $1,000 each month and then pay it off.

You’d be stashing away a free $240 annually into a retirement account with very little effort.

I plugged in my own numbers into Bloomberg’s retirement calculator, and, assuming I contribute nothing but the $240 each year (and it grows at 7% annually) between now and when I’m 68, I’d have a totally free $40,000+ waiting for me on the other side.

My $240 a year would grow to over $40,000 for my retirement

My $240 a year would grow to over $40,000 for my retirement

This whole Serve reload thing probably won’t last for the next 38 years, but take the free money while you can. I like to stash away at least $200-$400 per month into my IRA, and the extra $20 isn’t much but with compound interest on your side, a little truly goes a long way. And this is completely free money. Which is awesome, and there is no reason not to take advantage of this if you can.

Get some free miles

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5% cash back promo from Fidelity Amex – up to $25

Who says the Fidelity American Express doesn’t ever have bonus offers?

Fidelity 5% cash back categories

Now, admittedly, this isn’t an earth-shattering bonus. It’s only offers a bonus for travel-related categories, and only up to $500 in spend until March 31st, 2015.

But, enrollment is easy (literally one click), and it seems like they’re targeting a lot of their cardholders for this.

A quick comparison

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