The new Fidelity Retirement Rewards American Express Card offers a 2% earn rate when cardholders redeem their cash rewards into their Fidelity IRA (Traditional IRAs, RothIRAs and SEP IRA) accounts.
For every $2,500 in purchases, $50 can be automatically swept as a current year contribution into the user’s IRA. If the cardholder has maxed out their IRA contribution for that year, they can continue to accrue points and restart automatic deposits to their IRA the next year.
• No limits on cash rewards
• No annual fee