Fidelity Rewards American Express credit card is a hidden gem. You can earn 2 points on every dollar you spend, anywhere. The card also carries no annual fee. The point system is Bank of America’s (formerly MBNA’s) Worldpoints Rewards. You have the choice to automatically have the points transferred to your Fidelity account (if you have one or if you want to sign up for one) or keep them in your Worldpoints account. This card is issued by FIA card services, an affiliate of Bank of America and not directly by American Express. Thus, it is an American Express branded card but not an American Express issued card.
One of the hidden feature of the points earned through this card (and perhaps, some of the other Worldpoints earning cards) is that you can instantaneously transfer them to an Aeroplan (Air Canada‘s frequent flyer program) account converting them Air Canada miles. Interestingly, names don’t have to match on the two accounts. Air Canada is a member of Star Alliance and you have the choice of redeeming these miles for travel on any Star Alliance partner.
Back in April, I wrote a blog about the devaluation of Air Canada miles. However, I reckon like some other experts out there that Air Canada’s miles are still a very good value. The reason being their relatively relaxed award routing rules and ability to have up to two stopovers in your round-trip award ticket, in addition to your final destination (or point of turn-around).
Unfortunately, the card does not have any sign-up bonus and hence makes it less attractive to apply. But for those who are a big fan of Star Alliance, Air Canada’s Aeroplan Program and No annual fee credit card, you cannot go wrong with this card. Plus, don’t forget, you get 2% cash back on every $ you spend, anywhere.