Edit 4 January: It’s official. Fidelity is partnering with US Bank, and old cards are supposedly going to be converted later this year. Time for me to make arrangements to try to transfer my points.
From pdxuser on FlyerTalk, Fidelity announced on their site that they’ll be releasing details of a new 2% credit card on 4 January. In addition, they’ve pulled the application for their current credit cards, both Visa and American Express.
The most interesting thing, to me, is that they’ve removed the ability to apply for both the Visa (which earned 1.5 X for the first $15 000 per year and then 2 X afterwards) as well as the Amex version. So far as I can tell, they even pulled the application for the lesser known Private Client Amex. The major feature all had in common was that they were managed by FIA Card Services, a subsidiary of Bank of America.
The pulling of all three cards at once seems to be a good indication that Fidelity is ending (or at least significantly changing) its relationship with Bank of America. This will probably be bad for anyone who likes using the WorldPoints features of the cards.
There’s still no news on what will happen to current cardholders, so take my speculations above with a grain of salt. For all I know, they could be consolidating cards with Bank of America and/or Amex. But my suspicion is that they aren’t.