In February of this year, we knew coronavirus was a problem in China but there were only small glimpses of warnings about how it could spread around the globe. We had just returned from a trip to New York, unknowingly visiting one of the early epicenters of the virus in the US. I wasn’t currently working on a spending requirement, so I signed us up for two cards with increased sign-up bonuses, the IHG Premier from Chase and the JetBlue Plus card from Barclays.
Not long thereafter, COVID-19 took hold in America and the lockdown happened. Our spending also dipped so I was glad Chase extended the spending window to earn the sign-up bonus to 6 months. I worked on the JetBlue card first and now I’ve gotten the bonuses for both cards. Normally, that would be a sign for me to get a new card but I had no idea which one I wanted.
Usually, I’d go for the one that earned me the most travel points. Preferably I’d want to earn flexible points from a major bank. At the moment, I have more points in my loyalty accounts than I need because most of our travels for 2020 have been postponed to 2021. I decided to get a card that’s been on my radar for a while but I just never pulled the trigger.
I signed up for a Fidelity® Rewards Visa Signature® Card.
For us, it makes sense to get the Fidelity Rewards Visa since we already have a long term relationship with the bank. The card earns an unlimited 2% cash back on every purchase which is quite appealing right now. You can transfer that cash to a Fidelity account once you’ve earned $25. Since we already have a Fidelity Cash Management account, the money earned will be easy for us to redeem. The deciding factor was that I didn’t have any card in my name that earned a decent return on everyday purchases.
I get occasional mailers for sign up bonuses for this card since I’m already a customer, but I didn’t have any current offers so I found a link on US Credit Card Guide for a $150 bonus once spending $1,500 in three months. That’s a 12% return.
To sign up, I logged into my Fidelity account. I figured this would help my chances for approval. The Fidelity Rewards Visa is issued by Elan Financial Services, a division of US Bank who can be very stingy about approvals. On the application, they tell you to remove any credit freezes you might have on your reports.
As a reminder, please remove any credit bureau freezes before applying.
I filled out the application and submitted my application. After a minute wait, I received a reply that I was approved with a generous credit line.
It shouldn’t be too hard to hit the $1,500 spending requirement. This application put me over 5/24 for the next few months but I’m not sad because I’ve hit Chase pretty hard over the past year. I still need to get an AMEX card that earns Membership Rewards so I can cancel my Business Green card next year and there are some BoA cards I’m looking at getting.
Like this post? Please share it! We have plenty more just like it and would love it if you decided to hang around and get emailed notifications of when we post. Or maybe you’d like to join our Facebook group – we have 14,000+ members and we talk and ask questions about travel (including Disney parks), creative ways to earn frequent flyer miles and hotel points, how to save money on or for your trips, get access to travel articles you may not see otherwise, etc. Whether you’ve read our posts before or this is the first time you’re stopping by, we’re really glad you’re here and hope you come back to visit again!
This post first appeared on Your Mileage May Vary