In addition to the Amex welcome bonus, Charles Schwab account holders can receive additional cash boosts when their holdings reach the a certain thresholds at the time of account approval (and annually thereafter): New cardmembers can earn 60,000 Membership Rewards® points after spending $5,000 in purchases in their first three months, which equates to a $750 deposit into your eligible Schwab account. Known for its premier travel benefits, the Amex Platinum Card delivers 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and on prepaid hotels booked on 1X points on all other eligible spending. Who's this for? The American Express Platinum Card® for Schwab is for Amex loyalists with qualifying Charles Schwab investment accounts who want to benefit from the same premium perks the Platinum card is known for while investing their Membership Rewards® points for even greater earnings. However, you will be charged a 1% foreign transaction fee if you use this card abroad. Like all Visa Signature ® cards, the Fidelity Rewards card comes with an array of perks for both safety and leisure, including 24-hour concierge service special offers on travel, dining, sporting, entertainment and shopping emergency cash and card replacement travel and emergency assistance services accident services and auto rental collision damage waiver lost luggage reimbursement and roadside dispatch. Fidelity ®-managed 529 college savings planĬcording to Fidelity's cash-back calculator, spending $1,500 per month on your credit card could translate to $16,093 in your portfolio over 20 years.You can deposit your rewards in up to five accounts at a time. At this rate, every $2,500 you spend with your Fidelity Rewards card equals a $50 deposit into your eligible Fidelity investment account(s). This card boasts the highest flat-rate cash-back rate among investment credit cards. You can earn 2% cash back on all eligible spending and put your earnings to work through Fidelity.
Who's this for? The Fidelity Rewards Visa Signature Card is ideal for anyone with a qualifying Fidelity brokerage or investment account. There's also a Global Entry/TSA PreCheck credit of up to $100 every four years, and no foreign transaction fees. There is a $95 annual fee, but it is easily offset if you take advantage of the annual airline incidentals credit of up to $100. You'll earn 2 points per $1 spent on travel and dining purchases and 1.5 points per $1 spent on all other eligible purchases, which puts this card on-par with some of our best cash-back rewards cards.Īnd if you have a large purchase coming up, you can earn 50,000 bonus points once you spend at least $3,000 in purchases in the first 90 days from the account opening.Īdditionally, the Bank of America Premium Rewards card comes with emergency travel benefits like trip cancellation/interruption insurance, trip delay reimbursement, lost luggage and baggage delay insurance and transportation assistance for both emergency and non-emergency situations You can also redeem rewards for a statement credit, gift cards or purchases at the Bank of America Travel Center. The best credit cards for investing cash back To get you started, we analyzed the most popular cash-back investing credit cards to help you make the most of your points, and we round up our top 6 picks for you below. If you've checked off all these boxes and feel ready to automate your cash-back investing, it may be time you add a new credit card to your wallet. "I would first make sure that you have adequate emergency savings, have eliminated credit card debt and are on track for retirement before I would recommend that you use cash-back rewards for a brokerage account," she says. Meanwhile, other redemption methods such as Pay with Points might actually devalue your rewards.īut before you look to the stock market, tend to your essential financial priorities first, advises Bera. "The reason I like this technique is because it helps simplify, streamline and automate your finances," Sophia Bera, CFP® from Gen Y Planning tells Select. Cash-back cards can deliver over $1,000 in rewards each year, depending on your spending habits, and these earnings could appreciate depending on the stock market's performance.
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