A lot of hoopla has been made over the fate of the Fidelity Amex card, whose portfolio was bought by Elan Financial Services (a US Bank subsidiary), with the cards being reissued as Visas. In particular, many wondered and speculated that the card would earn (or be convertible to) Flexpoints, US Bank’s pseudo-fixed value rewards currency. Doctor of Credit has a great explanation of them here, but I’ve included the award chart for reference:
TagFidelity
A few weeks ago, when an opportunity arose to buy Mastercard Gift cards (MGCs) at-cost (i.e. without the activation fee), Esther and I got into a discussion about whether to buy those MGCs with a points-earning (Alaska Airlines Visa) or cashback (Fidelity Amex) card. To add some color, I was having this conversation on my phone from the Las Vegas strip, with my family asking just who I was so busy texting ;).
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