Fidelity Investment Rewards: no annual fee, deposits unlimited 2% of every retail purchase directly in "eligible" Fidelity account ("eligible" is defined as "non-retirement, Individual Retirement Accounts, and Fidelity-managed 529 Plan accounts that accept ACH deposits"). I always pay off a card monthly so not worried about the interest rate (13.99% fyi). The only catch I see is that you have to have 5000 points before the reward begins (through purchases at 2 points per $1 = $2500). I can't tell if once you have the 5000 points, you can roll the entire amount into your Fidelity account or starts deposition on purchases made after the 5000 points. It would take me about 3 months to get to 5000 points.
2% sounds like a great deal to me
since I use credit cards to make most of my purchases.
Has anyone done this? Any comments?