Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
Both cards cost $0/yr. The Fidelity Rewards Visa Signature Card leads on everyday spending; the Rakuten American Express Card on dining.
Card data as of September 27, 2026.
Elan Financial
First Electronic Bank
Annual Fee
Welcome Bonus
| Category | Fidelity Rewards Visa Signature Card | Rakuten American Express Card |
|---|---|---|
| Dining | 1X | 2X |
| Grocery Stores | 1X | 2X |
Network
Key Benefits
Pros
Cons
The Rakuten American Express Card wins in 2 of 2 categories. The Fidelity Rewards Visa Signature Card leads in 0.
Dining
Rakuten American Express Card earns 2X vs 1X
Grocery Stores
Rakuten American Express Card earns 2X vs 1X
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Both scenarios favor the Fidelity Rewards Visa Signature Card on net value (rewards, usable credits, fees, and welcome offer).
| Scenario | Fidelity Rewards Visa Signature Card | Rakuten American Express Card | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $240 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $240 Year one: $390 | Rewards: $234 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $234 Year one: $334 | Fidelity Rewards Visa Signature Card |
Both scenarios favor the Fidelity Rewards Visa Signature Card on net value (rewards, usable credits, fees, and welcome offer).
| Fidelity Rewards Visa Signature Card |
| Heavy spender: $4,000/month | Rewards: $960 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $960 Year one: $1,110 | Rewards: $936 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $936 Year one: $1,036 | Fidelity Rewards Visa Signature Card | Fidelity Rewards Visa Signature Card |
Get the Rakuten American Express Card if you:
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; data as of September 27, 2026. Card issuers do not influence our rankings or content.
