Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Effective $95 annual fee after $300 travel credit and 10,000 anniversary miles (~$100 value)
• +10X miles on hotels and rental cars booked through Capital One Travel
• +Access to premium Capital One Lounges in Dallas, Denver, and Washington D.C.
• +Priority Pass Select membership with 1,300+ lounges worldwide
• +Free authorized users (until Feb 2026, then $125/year for lounge access)

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

Cons

• −$395 annual fee requires maximizing credits to get value
• −10X earning rate requires booking through Capital One Travel portal
• −Guest lounge access changing to $35/guest at Priority Pass after Feb 2026
• −No airline transfer bonuses unlike some competitors
• −Travel credits only work for Capital One Travel bookings

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Effective $95 annual fee after $300 travel credit and 10,000 anniversary miles (~$100 value)
• +10X miles on hotels and rental cars booked through Capital One Travel
• +Access to premium Capital One Lounges in Dallas, Denver, and Washington D.C.
• +Priority Pass Select membership with 1,300+ lounges worldwide
• +Free authorized users (until Feb 2026, then $125/year for lounge access)

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

Cons

• −$395 annual fee requires maximizing credits to get value
• −10X earning rate requires booking through Capital One Travel portal
• −Guest lounge access changing to $35/guest at Priority Pass after Feb 2026
• −No airline transfer bonuses unlike some competitors
• −Travel credits only work for Capital One Travel bookings

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Effective $95 annual fee after $300 travel credit and 10,000 anniversary miles (~$100 value)
• +10X miles on hotels and rental cars booked through Capital One Travel
• +Access to premium Capital One Lounges in Dallas, Denver, and Washington D.C.
• +Priority Pass Select membership with 1,300+ lounges worldwide
• +Free authorized users (until Feb 2026, then $125/year for lounge access)

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

Cons

• −$395 annual fee requires maximizing credits to get value
• −10X earning rate requires booking through Capital One Travel portal
• −Guest lounge access changing to $35/guest at Priority Pass after Feb 2026
• −No airline transfer bonuses unlike some competitors
• −Travel credits only work for Capital One Travel bookings

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)