Question about Fidelity Amex card

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Question about Fidelity Amex card

Postby am » Thu Nov 22, 2012 12:34 pm

I have enough points for a redemption about $100 dollars worth. When I went to the rewards center, I added my investment account. Said something about reduced rewards if deposited to a savings or checking account. Is there a money market attached to the investment account? Do you redeem your rewards to the checking account Fidelity provides with this account?
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Re: Question about Fidelity Amex card

Postby JamesSFO » Thu Nov 22, 2012 1:42 pm

Mine goes into my "cash"/sweep/money market account at Fidelity automatically. If you set it to auto-deposit you don't even have to wait for $100 to accumulate, I get $30-200/month deposited.
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Re: Question about Fidelity Amex card

Postby mikep » Fri Nov 23, 2012 12:55 am

I just have them send me a check when it reaches $250 in rewards to get them at 2% level. No Fidelity account or other account needed.
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Re: Question about Fidelity Amex card

Postby Hexdump » Fri Nov 23, 2012 5:23 am

JamesSFO wrote:Mine goes into my "cash"/sweep/money market account at Fidelity automatically. If you set it to auto-deposit you don't even have to wait for $100 to accumulate, I get $30-200/month deposited.


Wow, that's good to know. I was doing it manually.

Also, the rewards will not automatically buy their money market. They will go into a "security" named FCASH.
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Re: Question about Fidelity Amex card

Postby Cash » Fri Nov 23, 2012 10:01 am

Mine is automatically deposited monthly into my cash management account: https://www.fidelity.com/cash-managemen ... t/overview

From there, I can ACH to any account of my choosing (or write a check or use the ATM card to withdraw cash).
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