Fidelity 529 Amex?

[glitzy07]

Anybody have this card or something like it?

www.fidelity.com/cash-management/american-express-cards 

We don't have anything open for LO yet and a coworker mentioned this.  Any updsides or downsides to this?  Or recommendations on another route for 529 savings that is sort of hassle free?  We don't have a lot of extra in the budget right now due to debt repayment (my own student loans, for one) to make a big monthly deposit, but I was thinking this could be a start and we can add to it as we're able.

[arch01]

That is a really interesting option. Curious to hear the opinions on this.

[shaynaatl]

I like that is has no annual fee. Do the Amex cards with no annual fee still get the "Amex offers" (e.g. $25 off $25 Costco purchase)?

[dietdrpepper]

I don't know anything about the 529 one, but We use the Fidelity Investment rewards Amex and love it! 2% back on all purchases and once you get to $50 worth of points you can deposit into a fidelity account (we save up our points then deposit into H's IRA once a year). The typical Amex offers though don't seem to work with this one. No fees, no foreign transaction fees.

[hski2349]

An easy way to save a little is to use upromise. It works the same way as ebates. It is not a lot, but every little bit helps.

[hski2349]

Jul 24, 2014 11:17:54 GMT -5 RockNVoll said:

Jul 24, 2014 11:11:28 GMT -5 hski2349 said:

An easy way to save a little is to use upromise. It works the same way as ebates. It is not a lot, but every little bit helps.

If you shop online a lot, it really adds up if you get their credit card.  You get an extra 5% on top of whatever discount they're already offering for clicking through their portal, plus other lower discounts for other usage.  I've only had the card for about 3-4 weeks but it's a great deal.

I also got the Fidelity Amex at the same time and have started using that as my primary offline shopping card.  I called and you don't get the Amex offers through this one, but the 2% back is a great deal.

I never considered the card.  But that actually sounds like it could be a good deal.  I am going to look into this.