Fidelity Investments® 529 College Rewards® American Express® #fidelity #american #express


Fidelity Investments® 529 College Rewards® American Express®

The Fidelity Investments® 529 College Rewards® American Express® Card, issued by FIA Card Services, N.A. is designed for students with very good credit who would like to earn cash deposits to their Fidelity 529 College Savings Plan account.

Through the reward program, cardholders earn 1.5 points for every $100 spent on net retail purchases. Each point is equal to one Fidelity 529 Dollar and points are automatically deposited into the cardholder’s Fidelity-managed 529 plan account each time 50 points are accrued. The amount of money that can be deposited into the account is limited to $1,500 per year, but points never expire.

Through the American Express Selects(SM) program, cardholders will receive special online offers from merchants around the world and save on airfare, electronics and more.

In addition to the reward program, the card also provides common benefits such as emergency cash replacement, access to a personal concierge service, and online account access.

The card has an above average interest rate for purchases and balance transfers, no annual fee, and a 0% introductory rate that can be applied toward cash advance checks and balance transfers for the first twelve billing cycles.

Therefore, students who will be able to take advantage of the reward program and the low introductory offer will benefit most from what the Fidelity Investments® 529 College Rewards® American Express® Card has to offer.

Type of card: Student

Introductory apr rate description: 0% APR for 12 Billing Cycles

Purchases apr rate: $16.99

Cash apr rate: $24.99

Best: No annual fee; 0% introductory rate.

Worst: No extraordinary benefits or services offered to cardholders aside from the reward program.

Perks: Various Internet account related services. Access to MyConcierge(SM) service. Emergency cash replacement. Access to the American Express Selects(SM) program for discounts on products and services at participating merchants and retailers. See website for additional benefits.

Notations: **A state-sponsored 529 College Savings Plan account managed by Fidelity Investments must be open, funded, and designated with FIA Card Services, N.A. in order for points to be transferred and Fidelity 529 Dollars deposited. ***See website for complete terms and conditions of card usage and application disclosure.

Additional description:

  • Earn 1.5% on Net Retail Purchases Charged to the Card
  • Fidelity 529 Dollars Earned Will be Transferred to Your Fidelity Managed 529 Plan Account Automatically
  • 0% Introductory Annual Percentage Rate (APR) on Balance Transfers and Cash Advance Checks for Your First 12 Billing Cycles
  • With American Express Selects(SM), Enjoy Special Online Offers for Your Family from Merchants Around the World
  • Card Issued by FIA Card Services, N.A.

Fidelity Investments Review 2017 #fidelity #vs #etrade


Fidelity Investments Review 2017

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Most investors know Fidelity Investments for its extensive lineup of mutual funds and as a workplace retirement plan administrator. That may be why the company’s brokerage arm is less well-known among regular traders. That said, they should take a closer look. What they’ll find at Fidelity are low commissions, a wide investment selection and an impressive amount of research. The biggest knock on Fidelity’s brokerage side is the trade minimum on its active trader platform.

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NerdWallet’s rating: 5.0 / 5

Quick Facts

  • Commissions: $4.95 per trade
  • Account minimum: $0 for IRAs, $2,500 for brokerage
  • Promotion: 300 commission-free trades with deposit of $50,000 or more

Get started on their secure site

Where Fidelity Investments shines

Commissions: Fidelity lowered its commissions in February 2017, dropping from $7.95 per trade to $4.95. That s rock-bottom among online brokers, especially for the level of service the company provides.

Research: Fidelity is simply unmatched here. The company offers research from more than 20 providers, including Recognia, Ned Davis, S P Capital IQ and McLean Capital Management.

Stock quote pages show an Equity Summary Score, which is a consolidation of the ratings from these research providers. It gives an “aggregate, accuracy-weighted indication of the independent research firms’ stock sentiment,” according to the Fidelity website.

ETF snapshot pages also show an impressive number of analyst ratings and reports, and mutual fund fact sheets include both Morningstar and Lipper ratings.

Twenty or more research firm offerings might seem like too much to wade through, but investors can take a short quiz to identify providers that match their investment style. A research firm scorecard evaluates the accuracy of the provider s recommendations.

Customer service and educational support: Fidelity has long scored points for customer service, and the company offers in-person guidance and free investor seminars at branch locations throughout the country. Seminars cover such topics as how to navigate the company’s website, when to take Social Security and the basics of technical analysis. Online, Fidelity’s learning center offers guides and webinars on a similar range of issues.

Customers who qualify for the company’s Active Trader Services also get 24/7 access to dedicated trading specialists. To qualify, investors must place 120 or more trades in a rolling 12-month period and maintain at least a $25,000 balance in their eligible Fidelity accounts.

Platforms and tools: Like other brokers, Fidelity offers trading via its website and mobile apps, plus a desktop platform for active traders.

The company’s online trading platform is easy to navigate and fairly comprehensive — highlights include advanced screeners using the aforementioned research and strategy-testing tools based on 10 years of historical data. Fidelity’s mobile app is equally impressive, with real-time quotes, multi-leg options trading. a consolidated version of the company’s research offerings and a notebook where you can save ideas and articles from your mobile browser.

Active traders who qualify for it will prefer the company’s Active Trader Pro platform, which includes both a downloadable desktop version and a web alternative at Investors can toggle seamlessly between the two. The customizable platform includes intuitive shortcuts; pre-built market, technical and options filters; advanced options tools; and a multi-trade ticket that can store orders for later and place up to 50 at a time.

Finally, the company’s Wealth-Lab Pro, also a premium tool, is desktop-strategy-testing software that allows investors to customize strategies and access up to 20 years of daily historical data.

Where Fidelity Investments falls short

Trading platform restrictions: The downside to Fidelity’s trading platforms and tools is that, as mentioned, certain offerings are restricted to high-volume traders. Active Trader Pro requires that customers trade at least 36 times in a rolling 12-month period; some advanced tools on that platform, like charting with Recognia, are available only to traders who place at least 120 trades per year. Wealth-Lab Pro access requires 36 trades per year and a minimum of $25,000 in assets.

Investment minimum: Fidelity’s minimum investment for brokerage accounts is $2,500; that’s fairly high compared with other brokers. The company’s minimum for IRAs is a much more reasonable $0, but that will get you only as far as the core position — in other words, cash.

If you want to invest in mutual funds, most Fidelity and non-Fidelity funds carry a $2,500 minimum. That’s a fairly high bar to clear. The good news: You can avoid that mutual fund minimum by signing up for automatic investments of at least $200 a month or $600 a quarter.

The bottom line
Fidelity’s lineup of services for investors goes well beyond retirement accounts. Investors interested in venturing outside of the land of mutual funds should take note of the company’s low commissions, advanced trading capabilities — including a very strong mobile app — and breadth of research. Fidelity is best for traders who qualify to use its advanced platform, tools and active trader support.

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Updated Feb. 28, 2017.