Retirement Credit Cards: Side by Side Comparison

We've previously on two new credit cards that retirement savers might want to consider: Fidelity's Retirement Rewards American Express and Charles Schwab's Invest First Visa Card. Here's a side by side comparison of the major features of the two cards.

	Schwab Invest First Credit Card	Fidelity Retirement Rewards Credit Card
Type of Card	Visa	American Express
Rewards	Unlimited 2% cash back on purchases, automatically deposited into a Schwab One brokerage account each month.	Unlimited 2% cash back on purchases, automatically deposited into a Fidelity IRA account when $50 threshold is reached.
Annual Fee	None	None
Grace Period	25 Days	20 Days
APR on Purchases	14.99%	16.99%
Other Benefits	No foreign exchange transaction fees. If you qualify for a credit line of $5,000 or more, you’ll enjoy complimentary premium benefits including: Visa Signature Dining, with Zagat ratings and reviews, Visa Signature Access preferred tickets.	24-hour customer service; 0% fraud liability and identity theft recovery service; Retail purchase protection for merchandise; Travel security benefits including car rental loss & damage insurance and travel accident insurance
Requirements	To receive your 2% cash back rewards, you must link an eligible Schwab One account to your card	To receive your 2% cash back rewards, you must link an eligible Fidelity account to your card
Learn More	Schwab FAQ's	Fidelity Retirement Rewards