Wells Fargo is one of the oldest banks offering banking services to individuals and businesses. Started in 1852 by Henry Wells and William G. Fargo as a money delivery service through stagecoaches. It is helping customers go further by providing innovative financial services and helping them get ahead. Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance.
Wells Fargo serves one in three households in the United States. It is placed at No. 30 in the list of Fortune 100 in 2020. It currently manages more than $2 trillion assets.
Wells Fargo Rewards
Customers get an automatic Wells Fargo Rewards account on opening a Wells Fargo Credit Card. Wells Fargo provides rewards in the form of cashback using their rewards credit cards. They can redeem Wells Fargo Rewards in multiple ways including:
Credit cardmembers can redeem their rewards as a statement credit to a qualifying Wells Fargo credit card. They can also get the rewards deposited directly to the checking account or mortgage. They can also visit a Wells Fargo ATM and redeem in cash $20 increments with their ATM or Debit Card.
Cardmembers can sign on to their Wells Fargo account and use their rewards to make purchases online. They can use their rewards to book airline tickets with no blackout dates. They can also go to the EarnMall online portal by Wells Fargo to redeem the rewards. The “Pay with Rewards” feature allows members to redeem their available Wells Fargo Rewards online. They can redeem them through participating merchants towards qualifying purchase transactions.
Credit Cardmembers can also share their rewards with charities or organizations they value. They can transfer these rewards to gift cards in multiple of $25. They can redeem their Wells Fargo Rewards to support disaster relief. These donations can help the American Red Cross provide shelter, food, and health and mental health services during emergencies.
#1 Card Name: Active Cash Card
Fees: Wells Fargo Active Cash Card is available for $0 in annual fees.
APR: This credit card offers a 0% intro APR for 15 months from account opening. This intro APR is valid on purchases and qualifying balance transfers. After that, the variable APR will be 19.49%, 24.49%, or 29.49%. To qualify for this introductory rate, balance transfers should be made within 120 days from account opening.
Rewards: Cardmembers earn a $200 cash rewards bonus when they spend $1,000 in purchases in the first 3 months. They also earn an unlimited 2% cash reward on all purchases on this credit card. This rate of 2% is flat for all purchases on this credit card.
Pros of this Card: The best part of this credit card is its flat and easy reward structure. Cardmembers earn 2% flat cash back on all purchases, without worrying about categories to track. There are no categories to activate to earn rewards.
This credit card also provides cell phone protection. If cardmembers use this credit card to pay their cell phone bills, they get free insurance of $600. They can use this insurance against damage or theft to the device. There is a $25 deductible on the insurance.
Wells Fargo also provides free access to the FICO score to all their online customers. Members can track, maintain, or monitor their FICO score. They also provide monthly personalized credit insights to the members. Cardmembers also get full access to their credit report from Experian. This report provides full access to the credit history and insights in the credit history of the member.
#2 Card Name: Wells Fargo Autograph Card
Fees: Wells Fargo Autograph Card is available for $0 in annual fees.
APR: This credit card offers a 0% intro APR for 12 months from account opening. This intro APR is valid on purchases and qualifying balance transfers. After that, the variable APR will be 19.49%, 24.49%, or 29.49%. To qualify for this introductory rate, balance transfers should be made within 120 days from account opening.
Rewards: Cardmembers earn 20,000 points when they spend $1,000 in purchases in the first 3 months. These points can be redeemed for $200 in value in cash.
Pros of this Card: Cardmembers earn 3x points on travel categories including airline bookings, hotels, car rental bookings, and cruises. They also get 3x points on dining out in restaurants, takeout, or food delivery. Other categories which provide 3x points include gas, transit like trains, rideshares, parking, tolls, popular streaming services, and phone plans. Furthermore, they also earn 1x points on the rest of their purchases.
Cardmembers get access to the Visa Signature concierge. They also get access to the Visa Signature Hotel collection. They can use their card to make reservations for the best deals in the lap of luxury.
This credit card also provides cell phone protection and access to the My Wells Fargo deals program.
Cardmembers can redeem their rewards for a large number and variety of rewards. They can redeem rewards on flights, car rentals, and hotel stays for the next vacation. They can also redeem their rewards for a $25 gift card. Members can also redeem their points against eligible purchases in the card account. Customers can also Pay with Rewards through PayPal.
#3 Card Name: Bilt Mastercard Credit Card
Fees: This credit card charges $0 in Annual fees and foreign currency conversion fees
APR: 20.24% – 28.24% of variable APR
Rewards: BILT MasterCard lets the cardmembers earn points on paying rent. This card provides a 1% reward for paying the rent. This credit card does not charge any transaction fees. There is a limit to the total 50,000 points which members can earn from rent.
Pros of this Card: Bilt Mastercard offers 2x points on travel purchases. Card members earn points on flights, hotels, rental cars, and cruises. In order to qualify, the travel is to be booked directly with airlines, hotels, and car rental agencies.
The card also offers the members 3x points on dining. On the rest of the purchases, the card offers 1 point. All the expenses on the 1st day of every month offer double the rewards. Members get 6x points on dining, 4x on travel, and 2x on other purchases. Further, rent payments on the 1st do not qualify for this offer.
Bilt has been ranked as one of the most valuable reward points by Bankrate. It has been ranked above American Express cards and Chase Rewards cards.
Bilt offers up to $5,000 reimbursement for a non-refundable passenger fare. If for any covered reason the trip is interrupted or canceled. Bilt also offers reimbursement for expenses incurred on delayed trips over 6 hours. Covered reasons include Weather, aircraft breakdown, or air traffic control delays. In order to, qualify for this offer the card members need to book the entire trip on the Bilt Mastercard.
This card also offers Auto Rental Collision Damage waiver for any rental car charged on the card. BILT MasterCard offers better points as a rent or travel card. We have covered it as part of our best travel cards.
#4 Card Name: Wells Fargo Reflect Card
Fees: This credit card has a $0 annual fee but it charges 3% of foreign transaction fees. They also charge 3% or a minimum of $5 on balance transfers during the introductory period of 120 days. Post the introductory period the fees increase to 5% or a minimum of $5.
APR: This card has an Introductory Balance Transfer APR. It offers 0% introductory APR for 21 months on balance transfers and purchases. There is 18 months of normal intro period and 3 months of extension of 0% APR on-time payments. Thereafter, a regular APR of 17.24% to 29.24% variable APR applies.
Rewards: This credit card qualifies for My Wells Fargo Deals. This is a program offering cashback to customers. Further, it gives access to personalized deals from a variety of merchants. My Wells Fargo Deals target a range of purchase experiences from traditional brick-and-mortar stores. They offer deals from stores like Starbucks and PetSmart to more experiential merchants like Airbnb.
Pros of this card: Wells Fargo Reflect Card is one of the best 0% APR credit cards. It offers the longest term of 18 months. This term can further increase by 3 months if the customer pays the minimum balance on time. This effectively takes the 0% introductory period to 21 months on paying the minimum monthly balance.
Additionally, this credit card also provides $600 protection against cell phone theft or damage. To qualify, the cell phone bills must be paid using this credit card.
Finally, the Cardmembers also get access to a 24/7 on-demand referral dispatch network. They provide emergency roadside assistance, towing, or locksmith service.