Fidelity US Bank Visa

[ubercat]

Have any existing cardholders (Amex) received any kind of communication on this? This is the first I've read about a shift away from Fidelity.

 

...and geeze, Fidelity seems to be crapping out the VISAs like so much ice cream.

[racer-x]

Nope. I called FIA on Saturday to ask some questions about a CLI and the CSR knew nothing about the pending separation between Fidelity and Amex and FIA CS.

[trinity911]

Last night, on a whim, I asked for, and got a $5k CLI on the AmEx version of this card. I was really liking it, and it worked perfectly with my Serve.

Now I will probably not use it much at all.

[drew4]

In case anyone cares to read the NYTimes article about this:

 

http://www.nytimes.com/2016/01/04/your-money/credit-and-debit-cards/fidelity-switches-to-visa-for-credit-card-branding.html?mabReward=CTM&moduleDetail=recommendations-1&action=click&contentCollection=Science&region=Footer&module=WhatsNext&version=WhatsNext&contentID=WhatsNext&src=recg&pgtype=article

[racer-x]

In case anyone cares to read the NYTimes article about this:

 

http://www.nytimes.com/2016/01/04/your-money/credit-and-debit-cards/fidelity-switches-to-visa-for-credit-card-branding.html?mabReward=CTM&moduleDetail=recommendations-1&action=click&contentCollection=Science&region=Footer&module=WhatsNext&version=WhatsNext&contentID=WhatsNext&src=recg&pgtype=article

Sounds good to me. If I don't have the new card in 3-4 months, Im gonna hit FIA for another CLI. I will have about 6 INQ's fall off by then on TU...leaving me with 6 or 7.

I feel US Bank may not be so generous.

[golions27]

Just to provide a data point I apped for this card it is issued by Elan Financial was approved for 18,700 Scores high 700s to low 800s depending on the Model Used. Pulled Equifax

[mendelssohn]

They wanted EX for me, just like my US Bank app, so this card will have to wait.

[Matti]

They like TU where I'm at.

 

Don't know that I need the card, though. Already have the Amex.

[nbipbm]

I applied on the 4th and still nothing yet. I have a few other US Bank cards, which may be the hang up. Bank of America won't give me anything on the personal side because they said I've too much credit available that's unused, so hopefully I can get this card again.

[funkiehouse]

Anyone get this card yet since the changeover. Thinking about going for it.

 

I see golions27 did. Anyone else?

Edited January 28, 2016 by funkiehouse

[mendelssohn]

They wanted EX, and my EX is still not clean.

 

I may get it eventually, but there are other cards that I want first. I closed my Fidelity Amex and moved the limit to my new BOA card BTW.

[nateinva]

They wanted EX, and my EX is still not clean.

 

I may get it eventually, but there are other cards that I want first. I closed my Fidelity Amex and moved the limit to my new BOA card BTW.

Was your new BofA a travel rewards? That's exactly what I did. After closing Fidelity, now have a cash rewards at $25k and travel at $13k.

[mendelssohn]

 

They wanted EX, and my EX is still not clean.

 

I may get it eventually, but there are other cards that I want first. I closed my Fidelity Amex and moved the limit to my new BOA card BTW.

Was your new BofA a travel rewards? That's exactly what I did. After closing Fidelity, now have a cash rewards at $25k and travel at $13k.

Yep.

 

I'm going to turn that into a 2.625% card this year.

[hegemony]

US Skank has a major blacklist which I ran up against a few years ago. I wonder what they'll do with my FIA account.

[nateinva]

 

 

They wanted EX, and my EX is still not clean.

 

I may get it eventually, but there are other cards that I want first. I closed my Fidelity Amex and moved the limit to my new BOA card BTW.

Was your new BofA a travel rewards? That's exactly what I did. After closing Fidelity, now have a cash rewards at $25k and travel at $13k.

Yep.

 

I'm going to turn that into a 2.625% card this year.

Awesome....I don't have the assets to do that right now.

[illusemycreditcard]

There was a Schwab card up until about 4 years ago. Now there's plans to revive. Hopefully a better card this time...

 

According to DoctorofCredit, leaks show a 1.5% cash back AMEX that counts toward your AMEX credit card limit and a Schwab-specific AMEX Platinum with no significant differences. I was hoping for at least a 2% now that Fidelity is moving away from AMEX.

[mendelssohn]

 

 

 

They wanted EX, and my EX is still not clean.

 

I may get it eventually, but there are other cards that I want first. I closed my Fidelity Amex and moved the limit to my new BOA card BTW.

Was your new BofA a travel rewards? That's exactly what I did. After closing Fidelity, now have a cash rewards at $25k and travel at $13k.

Yep.

 

I'm going to turn that into a 2.625% card this year.

Awesome....I don't have the assets to do that right now.

Maybe not yet.

 

I still will hardly use it.

[kdm31091]

I don't see the huge appeal unless you already invest with Fidelity. You can get 2% and redeem it wherever you want with a Double Cash vs having to have a special account. Just depends if one already uses Fidelity or not.

 

US Bank is conservative for sure, but Citi is also pretty conservative with the Double Cash with limits and such. I think it's just the nature of a 2% card. An issuer is going to be reluctant to give out large limits.

[sjca]

I applied. I have a clean report and thick file. I have a seven figure Fidelity balance and my annual income is over 300k. I got a 7 to 10 day response. I checked my reports and they ran TU which has 4 inquires in December. The inquires were a vacation home mortgage process. For the mortgage my scores were TU 814 EQ 805 and EX 844. Might have dropped a few points with inquiry but doubt it is much lower. Elan Stinks so far!

[IndyPoolPlayer]

I applied. I have a clean report and thick file. I have a seven figure Fidelity balance and my annual income is over 300k. I got a 7 to 10 day response. I checked my reports and they ran TU which has 4 inquires in December. The inquires were a vacation home mortgage process. For the mortgage my scores were TU 814 EQ 805 and EX 844. Might have dropped a few points with inquiry but doubt it is much lower. Elan Stinks so far!

As I recall - US Bank manually reviews most CC apps. I was in the mid-700's a few years ago when I applied for a US Bank card. I had to call in to verify it was really me who applied online.

[sjca]

I applied. I have a clean report and thick file. I have a seven figure Fidelity balance and my annual income is over 300k. I got a 7 to 10 day response. I checked my reports and they ran TU which has 4 inquires in December. The inquires were a vacation home mortgage process. For the mortgage my scores were TU 814 EQ 805 and EX 844. Might have dropped a few points with inquiry but doubt it is much lower. Elan Stinks so far!

Account appeared in Fidelity account today. Still nothing in the mail or email. Appears they are very conservative. Initial limit is 20K - certainly the lowest I have gotten in a long time.

[racer-x]

USuck bank instantly online approved me for $10k visa and $15k ploc 3 yrs ago with 745 EQ. Very very thin file at the time.

[virtualtreasure]

USuck bank instantly online approved me for $10k visa and $15k ploc 3 yrs ago with 745 EQ. Very very thin file at the time.

Nice gr-attitude

Edited February 6, 2016 by virtualtreasure

[Guest fuzzywuzzy]

I don't see the huge appeal unless you already invest with Fidelity. You can get 2% and redeem it wherever you want with a Double Cash vs having to have a special account. Just depends if one already uses Fidelity or not.

 

US Bank is conservative for sure, but Citi is also pretty conservative with the Double Cash with limits and such. I think it's just the nature of a 2% card. An issuer is going to be reluctant to give out large limits.

I have this card, and you do not need a Fidelity account. You can get your cash back in the form of a $25 statement credit.

[Buy49Get1Free]

 

I don't see the huge appeal unless you already invest with Fidelity. You can get 2% and redeem it wherever you want with a Double Cash vs having to have a special account. Just depends if one already uses Fidelity or not.

 

US Bank is conservative for sure, but Citi is also pretty conservative with the Double Cash with limits and such. I think it's just the nature of a 2% card. An issuer is going to be reluctant to give out large limits.

I have this card, and you do not need a Fidelity account. You can get your cash back in the form of a $25 statement credit.

How many points do you need for a $25 statement credit?

Where do you see the conversion rates between points and various redemption options?