New York - Fidelity is switching partners for its cash back credit card, dumping American Express and Bank of America for Visa and U.S. Bank.

The move is another loss for American Express Co., coming nearly a year after warehouse store operator Costco said it would end its exclusive partnership with the credit card company.

Representatives for AmEx did not immediately respond to a request for comment. Bank of America said it agreed not to renew the partnership because it has been moving away from providing services for credit cards of financial institutions.

The new Fidelity card will continue to earn cardholders 2 percent in cash on every $1 spent, which can be deposit into Fidelity’s checking or retirement accounts. Fidelity is a major provider of retirement accounts and other financial services.... Read More: VIN