Comments on: Fidelity 529 college rewards credit card

By: Indexfundfan @ Indextown » Changes to Fidelity’s 529 College Plans

Indexfundfan @ Indextown » Changes to Fidelity’s 529 College Plans — Wed, 22 Nov 2006 17:22:37 +0000

[...] The rewards are good by itself but pales in comparison to the old 2% rewards card. [...]

By: Indexfundfan @ Indextown » My 529 college saving plans

Indexfundfan @ Indextown » My 529 college saving plans — Tue, 19 Sep 2006 16:27:23 +0000

[...] I selected this plan based on the special incentives available with this plan. With this plan, I was able to apply for the Fidelity-MBNA co-brand 529 College Rewards credit card. This card gives you 2% back on practically anything you charge to the card. In addition, it also offers you online Bill Payment service which lets you pay many merchants including even your mortgage or electric bill. The rewards are accumulated and posted to the 529 plan once every calendar quarter. [...]

By: indexfundfan

indexfundfan — Mon, 17 Jul 2006 05:55:41 +0000

Hi Tim, I learnt something new today from your site — I was not even aware there are so many other 529 reward cards!

One thing to note about the Fidelity 529 account is that the funds expenses are only reasonable and not the absolute lowest, so I only contribute the minimum of $50 a month just to have the account opened for the credit card. I do my serious college savings using the Ohio College Advantage plan. The Ohio plan costs me only an overall of 0.41% in expense ratio for the options I am interested in. The similar Fidelity plan would have cost me over 1%.

By: Tim

Tim — Mon, 17 Jul 2006 01:08:41 +0000

Smart choice. The Fidelity/MBNA 529 card is superior to the Upromise and and other competing 529 cards.