Comments on: Fidelity Retirement Rewards Card from American Express http://www.creditaddict.com/archives/fidelity-retirement-rewards-card-from-american-express/ feeding your credit card addiction... Fri, 27 Jan 2012 05:46:14 -0500 http://wordpress.org/?v=abc hourly 1 By: patty http://www.creditaddict.com/archives/fidelity-retirement-rewards-card-from-american-express/comment-page-1/#comment-1530 patty Sun, 01 Feb 2009 07:30:21 +0000 http://www.creditaddict.com/?p=367#comment-1530 No need to work around IRA contribution limits. The money can be put into a non IRA account. Per their faq it can be put into "non-retirement brokerage accounts": What accounts are eligible for a Fidelity Rewards deposit? Individual Retirement Account registrations include Traditional IRA, Roth IRA, Rollover IRA, and SEP IRA. Other Fidelity accounts that can accept rewards are non-retirement brokerage accounts and Fidelity-managed 529 Plan accounts that accept Automated Clearing House ("ACH") deposits. If you intend to deposit rewards in an eligible account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law or program policy, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account customer agreement, custodial agreement or participation agreement for information on the terms and conditions of the Fidelity account. No need to work around IRA contribution limits. The money can be put into a non IRA account.

Per their faq it can be put into “non-retirement brokerage accounts”:

What accounts are eligible for a Fidelity Rewards deposit?
Individual Retirement Account registrations include Traditional IRA, Roth IRA, Rollover IRA, and SEP IRA. Other Fidelity accounts that can accept rewards are non-retirement brokerage accounts and Fidelity-managed 529 Plan accounts that accept Automated Clearing House (”ACH”) deposits. If you intend to deposit rewards in an eligible account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law or program policy, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account customer agreement, custodial agreement or participation agreement for information on the terms and conditions of the Fidelity account.

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