The Fidelity Investments 529 College Rewards American Express Card provides cardholders with the ability to collect rewards that can be contributed to a Fidelity managed 529 plan account for use towards college costs.  Build a college nest egg by earning 1.5 percent of the net retail purchases you make with your card.  This is automatically converted to cash and added to your Fidelity account, building a savings for college.

Additionally, cardholders get all of the benefits that American Express Selects offers including special opportunities through online merchants, savings on electronics and airfare.  The card allows you to pay over time.  A 0 percent APR on cash advance checks and balance transfers is available for the first 12 months of billing cycles.  There are fees on this of 3 percent.  The standard APR on this line of credit is 16.99 percent for purchases.

Fidelity Investments 529 College Rewards American Express Card is an outstanding benefit to those looking to save money for college.  It provides all of the benefits of a standard credit card, with a relatively affordable interest rate and a lucrative rewards program.  As one of the best options in college savings plans, borrowers can be confident in their Fidelity Investment account.