Fidelity Rewards+ | Frequently Asked Questions

Eligible Balances and Accounts

The Fidelity Rewards+ program is generally available to Wealth Management clients who have $250,000 or more in eligible, professionally managed assets invested in either a Portfolio Advisory Services account, offered through Fidelity^® Wealth Services, a separately managed account, offered through Fidelity^® Strategic Disciplines, or a combination of the two. Please see program Terms and Conditions for further information on eligibility.¹

Your Fidelity Rewards+^® eligible account balance is the sum of the account balances for all accounts that count toward Fidelity Rewards+ program eligibility. We look at the highest end-of-day balance for the last 30 calendar days to determine program eligibility and tier placement for Fidelity Rewards+. Note that accounts with certain registration types that are part of either Fidelity^® Wealth Services or Fidelity^® Strategic Disciplines may not contribute to your eligibility. See the program Terms and Conditions for more information.

Currently, when determining your eligibility for the Fidelity Rewards+^® program, we only look at individual, not your aggregated household accounts. While household accounts are not aggregated, joint accounts do count towards each individual owner’s program eligibility and determination of your tier. Please see the program Terms and Conditions to learn more about which accounts count toward Program and Benefit eligibility.

As previously stated, to be eligible for the program, generally you must have at least $250,000 invested in one or more accounts offered through Fidelity^® Wealth Services, Fidelity^® Strategic Disciplines, or a combination of the two. In addition to this asset requirement, only individual or joint account registration types are included when determining eligibility. As a result, account registration types such as certain irrevocable trusts and many revocable living trusts or partnerships will not be included when determining eligibility.

Certain types of revocable trusts will count toward your eligibility in the program. However, in order for a revocable trust to count toward eligibility, the tax-reporting entity for the trust must be the Social Security number of the individual enrolling in Fidelity Rewards+. Note that all types of irrevocable trusts do not count toward program eligibility. To learn more, please review the program Terms and Conditions.

Benefits

After enrolling in the Fidelity Rewards+ program, within 1−2 business days you’ll receive a notification that you can start taking advantage of your benefits. You can choose which benefits to activate, and when to activate them. After enrollment, every time you log in you’ll be able to see the current benefits available for your tier, as well as any steps you’ll need to take to activate any unused benefits.

Some program benefits, such as no-contract fee online options trades and money market mutual fund special access, can only be applied to certain account types due to regulatory requirements. If you do not already have an account that is eligible for these program benefits, you will be given the option, on the program status page, to open one in order to take advantage of the applicable benefits. Please see program Terms and Conditions for further information on accounts that are eligible for program benefits.

The date of your enrollment will become your anniversary date and you will retain your benefits for one year from this date. If the balances in your eligible accounts increase enough to warrant an upgrade to a higher tier, you’ll be automatically upgraded to that higher tier and awarded access to the new benefits that come with that tier. The date of this upgrade will be considered your new anniversary date. The tier in which you are enrolled cannot be downgraded, nor can you be disenrolled from the program, from one full year after your anniversary date. If, however, at your next anniversary date your eligible account balances don’t meet the eligibility requirements your tier can be downgraded, or you may be disenrolled from the program.

No, if you do not already have a retail brokerage account open, you will need to establish one to take advantage of the offer for no-contract fee online options trades or to purchase the money market funds that are offered as part of the program. The Fidelity Rewards+^® program and all associated benefits available through the program are not a component of any advisory service offered by Fidelity, including Fidelity^® Wealth Services or Fidelity^® Strategic Disciplines.

Cost

No, there are no costs or hidden program fees to enroll in or activate any benefits in the Fidelity Rewards+ program. However, in order to become eligible for the program you must have, at a minimum, $250,000 invested in either a Portfolio Advisory Services account, a separately managed account, or some combination of the two. There are advisory fees that go along with these managed account services.²

Credit Card

Here’s how it works. As a card owner and participant in the Fidelity Rewards+^® program for Wealth Management clients, you have two ways to earn rewards. The first is by using your Fidelity^® Rewards Visa Signature^® credit card. When you use the card you'll earn 2% cash back.³ Then, depending on your Fidelity Rewards+ program tier, you’ll earn up to an additional 1% cash back.⁴ Note that the additional reward is variable, with the Gold tier earning an additional .25% and Platinum tier earning an additional .5%.

Tier	Cash back from eligible credit card purchases	Additional cash back through the Fidelity Rewards+ program	Total cash back
Gold	2.00%	0.25%	2.25%
Platinum	2.00%	0.50%	2.50%
Platinum Plus	2.00%	1.00%	3.00%

No, you do not need a Fidelity^® Rewards Visa Signature^® credit card to participate in the Fidelity Rewards+ program for Wealth Management clients. However, in order to receive the extra rewards points⁴ that are part of the credit card benefit offered through the Fidelity Rewards+ program for Wealth Management clients you must apply and be approved for, as the primary or joint owner, a Fidelity^® Rewards Visa Signature^® card.

If you're enrolled in the Fidelity Rewards+^® program for Wealth Management clients, you'll receive benefits on all cards for which you're the primary or co-owner. If you're authorized to make purchases on a credit card account, but are not the owner or co-owner, all purchases made on that account will be eligible to earn the additional points that are awarded as part of the Fidelity Rewards+ program for Wealth Management clients only if at least one of the card owners is enrolled in the program.

Contact Elan for any questions and your ownership status at 888-551-5144.

For current Fidelity^® Rewards Visa Signature^® credit card owners whose accounts are in good standing, please allow for up to 5 business days to begin earning the extra program rewards points. Points will be applied at the time of the statement cycle. If you do not have a Fidelity^® Rewards Visa Signature^® credit card, you may apply online.

Note: Enrollment in the Fidelity Rewards+^® program for Wealth Management clients does not guarantee that your application for the Fidelity^® Rewards Visa Signature^® card will be approved.

If you currently have a Fidelity^® Rewards Visa Signature^® credit card, the extra points earned based on your enrollment in the Fidelity Rewards+^® program for Wealth Management clients will be added to your existing Fidelity^® Rewards Visa Signature^® credit card. If you don't have an eligible Fidelity^® Rewards Visa Signature^® credit card, you can apply for one.

Note: Enrollment in the Fidelity Rewards+ program for Wealth Management clients does not guarantee that your application for the Fidelity^® Rewards Visa Signature^® card will be approved.

Money Market Funds

As part of the Fidelity Rewards+^® program, you gain access to certain money market funds with no minimum investment, which you can purchase for your non-core money market holdings that are not invested in a managed account that is part of Fidelity® Wealth Services or Fidelity^® Strategic Disciplines. In some cases, these funds may offer higher yields than a fund that would be available to you if you were not participating in the Fidelity Rewards program.

While you can purchase these funds in any account you own, the "no minimum" investment portion of this benefit only applies to certain account types, including individual brokerage accounts, joint non-retirement accounts, individual retirement accounts (IRAs), and certain revocable living trusts for which you are the named trustee and the account uses your Social Security number for tax reporting purposes. While you can purchase these funds in other types of accounts, including but not limited to stock plan services accounts, health savings accounts, or any trusts other than those mentioned above, partnerships, or corporate accounts, the normal investment minimums for those funds would apply. Keep in mind that municipal money market funds are intended for use in taxable accounts, and are not appropriate for tax-advantaged accounts, such as IRAs.

No-Contract Fee Online Options Trades

The account types that are eligible for the no-contract fee online options trades that you earn through your participation in Fidelity Rewards+ are those in which individual securities trading is not prohibited, including individual brokerage accounts, joint non-retirement accounts, individual retirement accounts (IRAs), and certain revocable living trusts for which you are the named trustee and the account uses your Social Security number for tax reporting purposes. The account types that are not eligible for these trades include but are not limited to stock plan services accounts, any health savings accounts, any trust other than those mentioned above, partnerships, or corporate accounts.

Based on your tier, you will receive a pool of online options trades on which no commissions will be charged. The size of your ""pool"" is governed by your current tier. You also receive a pool of up to 100,000 contracts on which the contract fee of $0.65 per contract is waived. These trades and contract fee waivers are available for use across your accounts that are eligible for program benefits. For a list of these accounts, please refer to the program Terms and Conditions.

Note: For Fidelity Rewards+ members enrolled prior to May 20, 2021, the 100,000 contract limit will begin on or after August 1, 2021 at which time they will receive an allocation of 100,000 to be used during the remainder of their anniversary period. On their next anniversary date, members will receive a new allocation of 100,000 contracts to be used over the subsequent 12-month period.

IDnotify^®

This IDnotify service, which you receive soon after enrolling in Fidelity Rewards+^®, reimburses you for certain eligible expenses that you may have incurred in conjunction with an identity theft incident. These may include, but are not limited to, lost wages, legal fees, and electronic funds transfers from your accounts. Should you experience an incident, please contact IDnotify immediately. Note that not all incidents may qualify for reimbursement. Please contact IDnotify at 888-280-6971 for more information.⁵

Adult monitoring services through IDnotify covers only the individual enrolled in Fidelity Rewards+. However, Identity Theft Insurance and Restoration services cover up to 2 adults (including the individual enrolled in Fidelity Rewards+) and up to 10 children. Child monitoring services covers up to 10 children; each child must be signed up for IDnotify by the individual enrolled in Fidelity Rewards+. Note that no child or additional adult will be protected through IDnotify unless previously identified by the original Fidelity Rewards+ enrollee.

Please contact IDnotify at 888-280-6971 for more information.

This IDnotify service is a multi-faceted tool that helps protect up to 10 children from a range of threats. It offers both Dark Web and Social Security Number monitoring designed to spot signs of identity theft on websites known for illegally buying and selling personal information. It also provides social media monitoring, which scans social media account(s) and informs you if your loved ones are subject to privacy or reputational risks.

Disenrollment

Your membership will end and you will no longer have access to Fidelity Rewards+ benefits. The below example shows how disenrollment can impact your Gold Rewards+ benefits. If you are a Platinum or Platinum Plus member, your rewards will be different.

	Gold Rewards+ membership	Without Rewards+
Credit card	2.25%⁴ cash back	2%³ cash back
Money Market funds	Waived investment minimums on several of our highest-yielding money market funds	$25K-$100K investment minimums
IDnotify®	$2M in identity theft insurance⁵ + advanced monitoring + concierge support	$5.99 fee plus applicable taxes/month through Marketplace Solutions for $1M in identity theft insurance
No-contract fee online option trades	100 online commission-free options trades and no fees on up to 100,000 contracts/year	$0.65 contract fee/trade

Fidelity waives commissions for all online options trades. In addition, the $0.65 per contract fee for Fidelity Rewards+ customers is waived on up to 100,000 contracts. This waiver is limited to 100 trades per year for the Gold tier, 250 trades per year for the Platinum tier, and unlimited trades per year for the Platinum Plus tier. All tiers are subject to the 100,000 contract limit. Note that an Options Regulatory Fee applies to both buy and sell transactions. See Fidelity.com/commissions for details. In addition, sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). All non-Fidelity regulatory fees are subject to change.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options . Supporting documentation for any claims, if applicable, will be furnished upon request.

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

1. Eligible assets generally include those invested through Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of both registered as an individual account, a joint account, or certain types of revocable trusts. Assets in other registration types, such as irrevocable trusts, partnerships, or LLCs, will not be included when determining program eligibility. Please see the program Terms and Conditions and the FAQs for full details on program eligibility.
Fidelity Rewards+ is not offered as a component of any advisory service or program through Fidelity, including, without limitation, Fidelity^® Wealth Services and Fidelity^® Strategic Disciplines.

2. Fees associated with investing in Fidelity® Wealth Services and/or Fidelity® Strategic Disciplines apply.

3. You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Annual Fee, convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.

Eligible accounts for cash back include most nonretirement registrations as well as Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Fidelity Charitable^® Giving Account^®, Fidelity HSA^®, and Fidelity-managed 529 College Savings Plan accounts. The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Full details appear in the Program Guidelines new card customers receive with their card. Contributions to Fidelity Charitable^® are generally eligible for a federal income tax charitable deduction. Please consult with your tax advisor. The list of eligible registration types may change without notice at Fidelity’s sole discretion. For more information about whether a particular registration is eligible, please call 1-800-FIDELITY (800-343-3548).

4. You may be eligible to earn additional Points on eligible Net Purchases,

in addition to the Points you may earn in the Fidelity^® Rewards Visa Signature^® Card Program if you qualify and are registered into the Fidelity Rewards+ program. Earn up to 2% cash back on purchases when you use your Fidelity Rewards Visa Signature Card and earn up to an additional 1% as a participant in the Fidelity Rewards+^® program for Wealth Management clients. Eligibility and applicability of the additional Points are determined by Fidelity Brokerage Services, LLC. Fidelity Rewards Visa Signature Card Program, managed by Elan Financial Services, and Fidelity Rewards+, managed by Fidelity, are separate programs. Full details for the Fidelity Rewards+ program appear in the Fidelity Rewards+ Terms and Conditions and in the Program Rules for Fidelity Rewards Visa Signature Card Program.

The creditor and issuer of this card is Elan Financial Services, pursuant to license from Visa U.S.A., Inc.

Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to license from Visa U.S.A., Inc.

5. The Identity Theft Insurance is underwritten and administered by American Bankers Insurance Company of Florida, an Assurant company under group or blanket policy(ies). The description herein is a summary and intended for informational purposes only and does not include all terms, conditions, and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Review the Summary of Benefits.

Assurant and Fidelity Investments are independent entities and are not legally affiliated.

You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, is not required to reimburse money market funds for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.

Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares.

The third-party trademarks and service marks appearing herein are the property of their respective owners.

Fidelity and the Fidelity Investments logo are registered service marks of FMR LLC.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

881943.14.0

Fidelity Rewards+® FAQs