Fidelity 529 2% rewards MasterCard discontinued

More fallout from the MBNA/Bank of America merger.

I received a letter from FIA Card Services (the post-merger MBNA card servicer) today indicating that the 2% rebate Fidelity Investments 529 College Rewards MasterCard has been discontinued and replaced with a 1.5% rebate Fidelity Investments 529 College Rewards American Express Card:

Please note that while the Fidelity Investments 529 College Rewards MasterCard credit card will no longer be offered to new customers, the points program, features, and benefits of your existing MasterCard credit card will not change as a result of this new Card offer. Your existing account will not be automatically converted to the new 529 College Rewards American Express Card and you will not receive the new Card unless you choose to apply for one.

Although it appears that I will be able to keep my existing card (for now), it's disappointing that this card will no longer be available. The 2% rebate on all purchases made it a nice companion card for the various 5% gas/grocery/drug store cards out there.