A good chunk of people who use credit cards here in America do so without ever looking into rewards cards. Instead their main focus is on what the interest rate is on their card, and if they will be able to pay down next months minimal payment. Having said this, reward credit cards are a great way to save money, and reward those who pay off their card balance each month. Most rewards cards have a flat 1% cash back or points system. If you spend $10,000 in a year you can get $100 cash back, which is taxed, or earn points for about $100 in travel vouchers, electronics or whatever else is in the credit card company’s reward points catalog, all of which is taxed.

Fidelity though, is offering something much better. If you are a person who likes to save for your retirement, like I do, than the Fidelity rewards card is probably right for you. Instead of the usual 1% cash back that most cards offer, Fidelity is offering 2% cash back on all purchases. Not only this but the money is 100% tax free. What they do is offer the card to individuals who open up a retirement account with them. The cash back goes directly into the retirement account for you without any taxes coming out. It’s a great way to save more money on each one of your purchases, as well as contribute to the later years of your life.

Some more of the card benefits include:
* 24-hour customer service
* Zero fraud liability and identity theft recovery service
* Retail purchase protection for merchandise
* Payment flexibility: pay in full or over time
* Travel security benefits including car rental loss & damage insurance and travel accident insurance

More information of the Fidelity Rewards Retirement card can be found at their website at: http://personal.fidelity.com/misc/buffers/retirement-rewards-card.shtml.cvsr