Originally Posted by
ericdabbs
I don't think this is going to happen as much as you think. A lot of people will not want to open a Fidelity account just to do this nor will they want cash back. Most people would rather opt for miles than cash back and will not open a CC just to do $1K of Serve online CC loads which can end. Plus there are other options which can provide better rewards.
Yeah, if you don't already havea Fidelity account, this is not really a worthwhile option. 2% of $1000 per month is $20 per month. You are really going to open a new account for $240 per year? $320 if you have softcard? And that's assuming that it lasts a whole year. More hassle and paperwork than it's worth.
On the other hand, if you already use Fidelity, you may as well use the card for this.