Fidelity Rewards: worth a spot in your wallet?

The honest math on the Fidelity Rewards Visa Signature Card: which credits you'd actually use, what its points earn beyond a plain 2% card, and what its protections would cost to buy.

Fidelity Investments / Elan Financial Services · No annual fee · earns Fidelity Rewards Points

Earning rates

2x Everything (2 Points per dollar on eligible net purchases)

Statement credits (1)

Global Entry / TSA PreCheck Credit — Up to 10,000 Reward Points (about a $100 value at the Fidelity-account redemption rate) once every 4 years for a Global Entry or TSA PreCheck application fee charged to the card.

Protections and perks (6)

Purchase Security — New retail purchases covered against theft, fire, vandalism, or accidental water/weather damage for 90 days, up to $500 per claim and $50,000 per cardholder.
Auto Rental Collision Damage Waiver — Collision/theft coverage on rentals paid with the card, up to $75,000 — secondary to your personal auto policy in most cases, primary if you have no personal auto insurance or you're renting outside your country of residence.
Lost Luggage Reimbursement — Reimburses checked or carry-on baggage lost or stolen by the common carrier, up to $3,000 per covered trip ($2,000/bag for New York residents), on trips where the ticket was charged to the card.
Travel Accident Insurance — $250,000 accidental death or dismemberment coverage while riding as a passenger on a common carrier whose fare was charged to the card.
Emergency Medical/Dental Coverage — Up to $2,500 for emergency medical or dental treatment while on a covered trip ($50 deductible), plus up to $75/day (5 days max) toward a hotel room if you're hospitalized and your doctor says you should recover there before heading home.
No Foreign Transaction Fees — No surcharge on purchases made outside the US.

Recent changes to this card's data

2026-09-14 — Fidelity Rewards Visa Signature Card

Verified accurate — no changes. Fee, the flat 2 points/$1 earning rate, no foreign transaction fee, and the scheduled January 2027 end of Purchase Security and Lost Luggage Reimbursement re-confirmed against fidelity.com and the issuer's Guide to Benefits.

2026-08-23 — Fidelity Rewards Visa Signature Card (new card)

$0 annual fee, 2 Points/$1 on all eligible net purchases, no reward caps/limits/expirations, $0 foreign transaction fee (removed 9/1/2023) (fidelity.com/spend-save/visa-signature-card).
Verified carefully per the task's request: the 2% cash-back value applies **only** to Points redeemed as a deposit into an eligible Fidelity account (1 cent/point). fidelity.com, fidelityrewards.com, and the fully-expanded FAQ page all independently confirm redemption value is lower for travel, merchandise, gift cards, and statement credit — but none of Fidelity's own pages state the exact alternate rate. Modeled with two point values: the confirmed 1 cent/point Fidelity-account rate (default) and an approximate 0.5 cent/point "other redemptions" preset, explicitly flagged in its description as an unconfirmed estimate (based on convergent but unattributed secondary reporting), not a quoted Fidelity fact.
**Important finding:** the issuer's Guide to Benefits (effective 7/1/26) states "Effective January 1, 2027, this benefit will no longer be available" directly above both Purchase Security and Lost Luggage Reimbursement — both carry a 2026-12-31 end date, and a re-check is scheduled for 2027-01-01 to catch the actual drop.
Benefits, from the issuer's own Guide to Benefits PDF: Purchase Security ($500/claim, $50,000/cardholder, 90 days — sunsetting), Lost Luggage Reimbursement ($3,000/trip, $2,000/bag NY — sunsetting), Travel Accident Insurance ($250,000 principal sum AD&D), Emergency Medical/Dental Coverage ($2,500/trip, $50 deductible, plus $75/day x5 days hotel recovery), Auto Rental CDW ($75,000, 31 days, secondary), and a Global Entry/TSA PreCheck credit (up to 10,000 points every 4 years, counted as 2,500 points/yr, one shared answer across cards).
Omitted as not independently monetizable / issuer-generic (same convention as wells-fargo-active-cash.json and td-double-up.json): Roadside Dispatch (referral-only), Travel and Emergency Assistance Services (referral-only), Emergency Card Replacement/Cash Disbursement, Visa Signature Concierge and Signature local offers, Zero Fraud Liability, digital-wallet/contactless support, and No Preset Spending Limit.

Card data verified against Fidelity Investments / Elan Financial Services on 2026-09-14.

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