Quote:
Originally Posted by M2inOR
Our Fidelity Rewards+ card gives us back 3% back on all CC purchases, and first year had no monthly finance charge to carry a balance. Eventually paid off balance that first year to take advantage of that 1st year of no finance charges on balances.
Paid card a certain amount each month for first year.
That said, have no problem paying that 2-3% fee some restaurants or businesses charge.
Other alternative is for restaurants and businesses to increase prices or offer discounts for cash payments.
Our monthly payments are made automatically from an investment account that is currently paying us annualized 5.2% interest. Account interest adjusts each week, but has been averaging above annualized 5% for past two years. Ask your advisor about 7-day money market funds that pay that rate for deposits.
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According to Fidelity:
"Everyone is eligible for 2% cash back on the Fidelity Rewards Visa Signature Card, regardless of the amount of assets held with Fidelity. However, to be eligible for the Fidelity Rewards+, you generally must have at least $250,000 invested in one or more accounts offered through Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of the two. In addition to this asset requirement, only individual or joint account registration types are included when determining eligibility."