Fidelity 529 College Rewards American Express Card $25 Bonus

Fidelity 529 College Rewards American Express Card is now offering $25 statement bonus after making the first eligible purchase with the card.

I have been using the 529 rewards MasterCard since March 2006 and it actually is my every day card. The 2% rewards on every purchase beat all the rewards programs I have from other cards. However, the 2% rewards was scaled back to 1.5% last November after AMEX replaced MasterCard as the partner of the card (the rewards is now also at 2%). Fortunately, I wasn’t forced to “upgrade” to the new AMEX card. So I got to keep the MasterCard and still enjoy the 2% cashbacks that are contributed directly to my daughter’s Fidelity 529 program. So far I have earned $216 rebates from using the card to make purchases at virtually all places except at Costco.

The 1.5% rebates isn’t as great as it used to be, but still better than the 1% offer from most of the rewards credit cards. The card has no annual fee and currently has an introductory rate of 0% for balance transfer for 12 months (3% balance transfer fee applies).

BTW, Bank of America Upromise card also $25 bonus for new customers. Plus, the card gives 1% cash back on every purchase. See my Upromise card review for details.