Fidelity actually has two cards. I have the old Fidelity Visa which is also through FIA card services. I can redeem 5000 points for $75 into my Fidelity account.
The new Visa card offers 1.5 points per dollar for the first $15000 charged per year and then 2 points per dollar after the first $15000 charges. You can redeem 5000 points for $50.
They also have an American Express Card through FIA services that give 2% rewards. For every 5000 you earn it can be set up so that they automatically deposit $50 into your Fidelity account.
Like I said I still have the old card becuase you cannot convert from one to the other. I would have to close my old one and open the new Visa and I don't want to hurt my credit as it is an older account. Also, I never spend $15k on a card per year so I wouldn't get the extra points on the Visa.
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