Fidelity Platinum from American Express Credit Card Discontinued

Safe to say that we all knew this was coming when Fidelity switched payment networks from American Express to VISA in what appeared to be one of the bigger industry “divorces” of 2016. Well, one of the “flavors of Platinum cards” is the Platinum Card® from American Express for Fidelity Investments. If you’re currently holding onto this card, you should have received mail regarding language of discontinuation.

Starting April 9, 2018, the Fidelity Platinum Card from American Express will no longer be available to the public. If you recently paid the annual fee ($320), you will receive credit for a prorated amount of the annual fee. Note that as of February 28, 2018, you will no longer have the ability to add additional members onto your account.

Alternative Credit Card Bonuses:

• Chase Sapphire Reserve^SM
• Gold Delta SkyMiles® Credit Card from American Express
• Chase Freedom®

Fidelity Platinum Card from American Express Discontinued:

• Starting April 9, 2018, the Fidelity Platinum Card from American Express will no longer be available to the public. After April 9, your card cannot be used.
• If you paid an annual fee for your Card in the last year, you will receive a credit for a pro-rated amount of the annual fee.
• You will be able to request a replacement  card until April 2, 2018. If your card expires in April, American Express will not send you a renewal card.
• After February 28, 2018, you will no longer have the ability to add Additional Card Members to your account.

Fidelity Platinum Card from American Express Features:

• Get 5 Membership Rewards® points on eligible hotels booked on amextravel.com.
• 5X Membership Rewards^® points on flights booked directly with airlines or with American Express Travel
• Ability to deposit American Express Membership Rewards points into your account at a rate of 1.25¢ per point
• Receive a $100 Card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000 or receive a $200 Card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000, when measured following Card account approval and annually thereafter.
• Standard American Express Platinum Benefits:
• Airport Lounge Access Program and Priority Pass™ Select
• Fee Credit for Global Entry or TSA Pre✓™
• $200 Airline Fee Credit per calendar year
• Become an Uber VIP and receive $15 in Uber credits for U.S. rides each month plus a bonus $20 in December
• Complimentary SPG Gold Status
• Complimentary Hilton Gold Status
• Complimentary membership for Avis, Hertz, and National membership
• Complimentary Boingo membership
• Priority Pass Select – up to 2 companions
• Up to $100 credit for Global Entry or TSA Pre application fee
• Complimentary Access to over 600 Lounges
  • Centurion Lounges, free up to 2 companions
  • Delta Sky Clubs, you’ll need a Delta boarding pass on the same day, $29 per companion
  • Airspace Lounges, free up to 2 companions
• Fine Hotels and Resorts (FHR)
• No foreign transaction fee
• $0 Introductory Annual Fee, then $325

Conclusion:

Again, no big surprise considering Fidelity ditching American Express for VISA and American Express partnering with Charles Schwab. Starting April 9, 2018, the Fidelity Platinum Card from American Express will no longer be available to the public. Your card cannot be used, it’s recommended that you cut your Fidelity Platinums. It doesn’t seem like you will be receiving a replacement card or conversion with accordance to this situation. If you recently paid the annual fee ($320), you will receive credit for a prorated amount of the annual fee.  Find our complete list of Credit Card Bonuses today!