Originally Posted by
awake
1. The Fidelity AMEX Platinum card works like a debit card. The fees are:
- AMEX charges $1.50
- Fidelity reimburses for ATM owner fees for Premium $500k or Private Access $1mm up to $75 per year.
5. The minimum is $5k in a regular Fidelity account.
a. I get an AMEX Platinum for $320 per year
b. I keep my cash in a federal tax-free account until the moment it is withdrawn
c. I do not have to worry about paying the bill. It is debited at the end of the month
d. There is no record of the account on my credit report
e. I do not have to carry a separate ATM card.
Thanks a lot for the detailed reply! So there are two sets of fees one by Amex & other by the ATM owner? I opened account they said the minimum of 2500, so 5000 is the avg balance that one needs to maintain? Does some one have both the Amex & the 1.5% visa cards from the same account?
I see Ameriprise ONE financial account also has some similar features does it work the sameway?