The Fidelity Visa 2% CashBack Card, issued by U.S. Bank, is a compelling option for those who prioritize simplicity and high cash back on all spending. With no annual fee and a solid welcome bonus, it's a card worth evaluating for your wallet.
Current Welcome Bonus & Value
As of June 2026, the Fidelity Visa 2% CashBack Card offers a $150 welcome bonus.
This bonus is valued at a direct $150, providing a straightforward cash incentive for new cardmembers.
Minimum Spend to Earn It
To earn the $150 welcome bonus, you must spend $1,000 on eligible purchases within the first 90 days of account opening.
Who's Eligible
To qualify for the Fidelity Visa 2% CashBack Card and its welcome bonus:
- You must be a new cardmember for this specific product.
- You are required to open an eligible Fidelity account (a cash management account is often the best option if you don't intend to invest with Fidelity).
- While no specific credit score floor is provided, U.S. Bank generally requires applicants to have excellent credit for approval, given their reputation for strict underwriting.
- U.S. Bank does not follow Chase's 5/24 rule, but they have their own internal application policies that can be sensitive to recent credit inquiries and new accounts.
Is It Worth It?
Evaluating the Fidelity Visa 2% CashBack Card involves weighing its benefits against potential drawbacks:
Pros:
- $150 Welcome Bonus: A solid cash incentive for meeting a reasonable minimum spend.
- Unlimited 2% Cash Back: Earns 2% cash back on every purchase, everywhere, with no caps or rotating categories to track.
- $0 Annual Fee: Enjoy all the benefits without paying a yearly fee.
- No Foreign Transaction Fees: Ideal for international travel or online purchases from foreign merchants.
- Visa Network: Widely accepted globally.
Cons:
- U.S. Bank's Strictness: U.S. Bank is known for being selective with approvals, often preferring applicants with fewer recent credit inquiries and new accounts.
- Fidelity Account Requirement: You must open and maintain an eligible Fidelity account, which might be an extra step for some.
- No Category Bonuses: While 2% is excellent for general spend, it doesn't offer higher multipliers in specific categories like some other cards.
Overall, this card is highly worth it for individuals seeking a simple, high-earning cash back card for all their spending, especially if they already have or are willing to open a Fidelity account.
How to Apply
To apply for the Fidelity Visa 2% CashBack Card, visit the official U.S. Bank or Fidelity website. Ensure you have an eligible Fidelity account open or are prepared to open one during the application process. Be ready to provide personal and financial information for the credit application.
Alternatives
If you're considering other U.S. Bank products or cards with different reward structures, you might look into: