Unlimited 2% value when rewards are deposited into an eligible Fidelity account.
The 2% estimate requires an eligible, already opened and funded Fidelity account. It does not apply to statement-credit or other redemption choices.
The rates we use
| Purchases | Rate | Annual cap |
|---|---|---|
| Other eligible purchases | 2% | Uncapped |
Annual fee: $0. Other fees may apply.
What qualifies?
Eligible net purchases on an open, current account only. Excludes advances, transfers, fees, interest, credit insurance, certain prepaid funding, U.S. Mint purchases, and cash-convertible items. Credits and returns reduce earnings.
Cash redemption assumption
Two points per eligible dollar, valued at one cent each only for deposits into eligible Fidelity accounts. The current Fidelity FAQ specifies a one-point minimum. Account eligibility and funding requirements apply; check your own program rules.
What this estimate leaves out
Investment returns, account costs, tax effects, welcome offers, travel redemption, and other benefits are not valued. This is a cash-deposit estimate, not investment advice. Elan may round net purchases to whole dollars and take up to 60 days to post points; our annual category rounding and timing can differ.
The calculation assumes full payment and does not include interest, foreign transaction charges, or other fees. This is a rewards comparison, not a credit or borrowing-cost recommendation.
A worked example
For the illustrative Everyday mix ($2,000 per month), this model returns $480 per year. Your own categories may change that amount. The breakdown below uses the same arithmetic as the calculator.
| Category | Annual spend | Calculation | Cash back |
|---|---|---|---|
| Groceries | $7,200.00 | $7,200.00 × 2% | $144.00 |
| Dining & takeout | $3,600.00 | $3,600.00 × 2% | $72.00 |
| Gas | $1,800.00 | $1,800.00 × 2% | $36.00 |
| Online retail | $2,400.00 | $2,400.00 × 2% | $48.00 |
| Drugstores | $600.00 | $600.00 × 2% | $12.00 |
| Entertainment & streaming | $1,200.00 | $1,200.00 × 2% | $24.00 |
| Everything else | $7,200.00 | $7,200.00 × 2% | $144.00 |
| After $0 annual fee | $480.00 | ||
Check the source
These are source-reviewed facts, not a live offer feed. Confirm current terms and your exact card variant directly with the issuer.