I still rather not deal with FIA Card Services (just my personal opinion based on past experience.)
Plus, the Capital One 1.5% cash back card allows you to redeem your cashback at any time, there is apparently no threshold you have to save up first, which is nice.
The Fidelity one makes you save up 5000 points before you can redeem. They will end up getting you on the back end when they change or discontinue the program; if you are not near 5000 points, you could lose 'em.
I like the simplicity and flexibility of this new card.