Fidelity Rewards Visa Signature Card vs SoFi Unlimited 2%
Both cards cost $0/yr. The Fidelity Rewards Visa Signature Card leads on everyday spending; the SoFi Unlimited 2% on travel.
Card data as of October 12, 2026.
Fidelity Rewards Visa Signature CardElan Financial · No annual fee
- SoFi Unlimited 2%
SoFi · No annual fee
Overview
- Annual fee
- Fidelity Rewards Visa Signature Card$0SoFi Unlimited 2%$0
- Welcome offerCurrent public offer
- Fidelity Rewards Visa Signature Card—SoFi Unlimited 2%—
- Rewards
- Fidelity Rewards Visa Signature CardCash backSoFi Unlimited 2%Cash back
- Foreign transaction fee
- Fidelity Rewards Visa Signature CardNoneSoFi Unlimited 2%None
- Network
- Fidelity Rewards Visa Signature CardVisa SignatureSoFi Unlimited 2%Mastercard World Elite
Earn ratesPer $1 spent
- Everything else
- Fidelity Rewards Visa Signature Card2%SoFi Unlimited 2%2%
Statement creditsAs the issuer states them · — means none on record
- Travel
- Fidelity Rewards Visa Signature Card
- Up to $100 back for Global Entry or TSA PreCheck · $100 every 4 years
SoFi Unlimited 2%— - Rideshare & transit
- Fidelity Rewards Visa Signature Card—SoFi Unlimited 2%
- $5 Lyft + airport savings
Perks & access— means none on record
- Hotel status & programs
- Fidelity Rewards Visa Signature Card
- 900+ luxury hotel properties with exclusive perks
SoFi Unlimited 2%— - Other perks
- Fidelity Rewards Visa Signature Card
- 24/7 Visa Signature Concierge service
- OpenTable dining access after card verification
SoFi Unlimited 2%- 24/7 personal concierge at your service
Protections & insuranceLimits where published · — means none on record
- Trip insurance
- Fidelity Rewards Visa Signature Card
- Travel Accident Insurance · up to $250,000
SoFi Unlimited 2%— - Baggage
- Fidelity Rewards Visa Signature Card
- Up to $3,000 lost luggage coverage per trip
SoFi Unlimited 2%— - Rental car
- Fidelity Rewards Visa Signature Card
- Auto rental collision damage waiver · up to $75,000
SoFi Unlimited 2%— - Purchase & returns
- Fidelity Rewards Visa Signature Card
- $500 per claim on theft or damage
SoFi Unlimited 2%— - Cell phone
- Fidelity Rewards Visa Signature Card—SoFi Unlimited 2%
- Cell phone protection ($800/claim)
- Other protections
- Fidelity Rewards Visa Signature Card
- 24/7 worldwide travel and emergency assistance
- 24/7 roadside dispatch assistance (pay-per-use)
SoFi Unlimited 2%- ID Theft Protection
Pros & cons
- Pros
- Fidelity Rewards Visa Signature Card
- 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)
- No foreign transaction fee (removed September 1, 2023)
- Visa Signature benefits in the issuer's Guide to Benefits: purchase security, lost luggage reimbursement, auto rental collision damage waiver, travel accident insurance, concierge
SoFi Unlimited 2%- Unlimited 2% cash back rewards on all eligible purchases, with no caps
- 3% cash back rewards on trips booked through SoFi Travel
- No annual fee and no foreign transaction fees
- World Elite Mastercard benefits and cell phone protection ($800 per claim, $1,000 per year)
- Cons
- Fidelity Rewards Visa Signature Card
- The 2% cash back value applies only when points are deposited into an eligible Fidelity account
- 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)
- No welcome bonus is listed on the issuer's page
SoFi Unlimited 2%- Currently invite only - the issuer says to check your mailbox for an offer
- Designed for applicants with excellent credit
- Variable APR of 20.24% to 32.99% makes carrying a balance expensive
- Balance transfers are currently limited to recipients of promotional offers
Category-by-Category Winner
No unconditional category winner — 1 category depend on how you earn.
Travel
Depends: via issuer travel portal; Must book through the SoFi Travel portal (operated by Expedia)
SoFi Unlimited 2% earns 3X when conditions are met; Fidelity Rewards Visa Signature Card earns 2X (2X without restrictions)
Year One vs Ongoing Value
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 SoFi Unlimited 2% on net value (rewards, usable credits, fees, and welcome offer).
| Scenario | Fidelity Rewards Visa Signature Card | SoFi Unlimited 2% | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $240 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $240 Year one: $240 | Rewards: $240 Credits (our usable estimate): $20 − Annual fee ($0) Ongoing: $260 Year one: $260 | SoFi Unlimited 2% | SoFi Unlimited 2% |
| Heavy spender: $4,000/month | Rewards: $960 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $960 Year one: $960 | Rewards: $960 Credits (our usable estimate): $20 − Annual fee ($0) Ongoing: $980 Year one: $980 | SoFi Unlimited 2% | SoFi Unlimited 2% |
The Bottom Line
Both scenarios favor the SoFi Unlimited 2% on net value (rewards, usable credits, fees, and welcome offer).
Frequently Asked Questions
- Which card earns more rewards, the Fidelity Rewards Visa Signature Card or SoFi Unlimited 2%?
- Both cards earn 2X on everyday purchases. The difference is in bonus categories — check the earn rate comparison above for a full breakdown.
- What benefits does the Fidelity Rewards Visa Signature Card have that the SoFi Unlimited 2% doesn't?
- The Fidelity Rewards Visa Signature Card focuses on earn rates, while the SoFi Unlimited 2% offers cell phone protection.
- Should I get the Fidelity Rewards Visa Signature Card or the SoFi Unlimited 2%?
- Both cards have the same $0/yr fee. Choose based on which bonus categories match your spending — check the earn rate comparison above.
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published October 12, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.