The Wells Fargo Visa Signature® card is a good rewards card. If you’re approved for a credit limit of $5,000 or above, you’ll qualify for the Visa Signature card, and get access to a slightly more impressive selection of benefits. Wells Fargo Visa Signature® Card 2021 Review, Application & Rates " The Wells Fargo Visa Signature® Card starts out strong, but that high rewards rate is only good for six months before dropping to a lower-than-average cash back rate, and your points expire after five years. However, if you prefer, you can request a paper check or redeem your rebates for non-cash items at the Go Far Rewards portal. That card offers 3 points per dollar on dining out, gas stations, ride shares, and travel, and not just for an introductory period. Doing so will get you 50% more value out of each point. It’s better to have a card with none of these fees, but Wells Fargo is doing something different here. Why you can trust this review For this scenario, let's assume that you spend a little more heavily in this card’s bonus categories during the first six months, charging $400 per month for groceries, $125 for gas, and $50 at drugstores. Wells Fargo Visa Signature Rewards and Bonuses. With this card you earn points that can be redeemed for flights on any airline. End of popup. Power U.S. Credit Card Satisfaction Study, Wells Fargo received a score of 783 out of 1,000 and ranked ninth out of 11 national card issues. Credit score is one of the many factors lenders review in considering your application. If you use your card to spend $50,000 in a year, you receive as much as 1.75 cents per point for airfare redemptions. The Wells Fargo Visa Signature Card offers incredible value during the introductory period. The fee increases to 5%, with a minimum of $5, after the introductory period. Points are worth more when redeemed for airfare. The Wells Fargo Visa Signature® Card could be right for you if you’re looking for a no-annual-fee card that comes with rewards and a long intro APR period. This is one of the rare no-annual-fee Visa Signature cards. This is everything you need to know to make a good choice. So keep this fee in mind if you're thinking of consolidating high-interest debt onto this card. Not only does it offer rewards, which is not very common among student cards, but it also has a balance transfer offer and an introductory period where you can carry a balance without paying interest. Available Rates Wells Fargo's APR is better than most, but a little higher than I would really like. You can also earn bonus points when you shop through Wells Fargo’s Earn More Mall. You can find the full details of each benefit in this guide to benefits. The foreign transaction fee on the Wells Fargo Visa Signature is 3%. GoFarRewards points can't be transferred to loyalty programs. However, note that it does charge a balance transfer fee of 3% or $5, whichever is greater, for the first 120 days, after which the fee increases to 5%, with a minimum of $5. Banks, issuers and credit card companies do not endorse or guarantee this content, are not responsible for it, and may not even be aware of it. This site does not include all credit card companies or all available credit card offers. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket). We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Earn 3x points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. If you opened a Wells Fargo Credit Card within the last 15 months, you may not be eligible for introductory annual percentage rates, fees, and/or bonus rewards offers. The Cash Wise Card has no annual fee and offers an easy sign-up bonus. ; The points earned by this card can be redeemed towards statement credit at a fixed 1 cent/point ratio. 20k offer: earn 20,000 points when you spend $1,000 in purchases in the first 3 months. The Wells Fargo Visa Signature credit card is a card for those who want to earn travel rewards without paying an annual fee or dealing with airline and hotel loyalty programs. Wells Fargo Visa Signature; Benefits. This card lets you earn up to 50% more value from your points when you choose to redeem them for travel, with up to 5 full years to use all those points. However, this isn’t the best card to use abroad as it comes with foreign transaction fees. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. The best perks revolve around the 5x points and redeeming them for flights. The Wells Fargo Cash Back College Visa has a few noteworthy features for a student card. You may not be approved. Card Rating*: ⭐⭐⭐½. Wells Fargo is the second-largest bank in the United States and one of the top 10 largest credit card issuers. You can’t be approved for a new Wells Fargo card if you’ve opened another Wells Fargo card within 15 months and you’ve received an introductory offer or offers of waived fees or bonus rewards. You'd earn 14,850 points, which would be worth $222.75 when redeemed for flight purchases. If your budget allows, spend enough to reach the $12,500 threshold on bonus category rewards, which would max out the number of points you can earn at the bonus rate. Terms apply to the offers listed on this page. But you’ll want to skip these options and go straight to airfare redemptions. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Learn more about how we review products and read our advertiser disclosure for how we make money. The Wells Fargo Visa Signature is also amazing for having for No Annual Fee, 0% Introductory Purchase APR for 15 Months and 0% Introductory Balance Transfer APR for 15 Months. The Wells Fargo Visa Signature card doesn’t offer a traditional sign-up bonus. You’ll also want to pair it with the Wells Fargo Propel American Express card to get that card’s 3x reward categories. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. However, since the rewards on both those Wells Fargo cards are limited to a few categories, you might also want to consider adding a flat-rate card that provides richer rewards on all purchases. Earn 2% unlimited cash back towards your financial goals. This credit card also offers an introductory APR on both purchases and balance transfers, along with generous rewards. In total, you'd earn 18,250 points worth $273.75 when redeemed for airfare. For the first six months after opening an account, travelers can get 5x rewards points for up to $12,500 spent on gas, groceries, and drugstore purchases. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. I think it's a good option for folks that want to get it and the Wells Fargo Visa Signature Card as well and use the points to book airline travel with the 50% points … Either $5 or 5% of the amount of each transfer, whichever is greater. Earn 5x rewards points on gas, grocery, and drugstore purchases for the first 6 months, and 1x points on other purchases. Wells Fargo Visa Signature Card Summary: Promotion Offer: 15,000 bonus points when you spend at least $1,000 within the first 3 months of card opening Best Feature: Earn 5x points on gas, grocery, and drugstore net purchases for 6 months Annual Fee: None Expiration Date: None Additional Advice: Receive 50% more value when you redeem your points for airfare through … ; The points earned by this card can be redeemed towards statement credit at a fixed 1 cent/point ratio. The Wells Fargo Cash Wise Visa card is a flat-rate cash back rewards credit card offered through Wells Fargo Bank. Go Far Rewards redemption options include travel (such as air… The Wells Fargo Visa Signature Card offers you points worth as much as 1.5 cents each toward flights. But the Wells Fargo Visa Signature card is different in that it has a foreign currency conversion fee of 3%. You agree that we may consider you for a Visa Platinum card if you do not qualify for the Visa Signature card. For example, 50,000 points are worth $750 when redeemed for airfare, but only $500 when used in other ways. Instead, award travel enthusiasts are looking for ways to earn rewards from their credit cards that they can redeem for any flight on any airline. With over 10,000 popular local, national, and online retailers, the … Wells Fargo Visa Signature ® Card Terms and Conditions You agree that we may consider you for a Visa Platinum card if you do not qualify for the Visa Signature card. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. See, Wells Fargo Propel American Express® card, Alaska will change how you earn miles starting on March 31 — here’s what we know so far, Orient-Express debuts new, dream-worthy European routes aboard gorgeous Art Deco trains, Blue Cash Preferred® Card from American Express, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. But the Wells Fargo Visa Signature® Credit Card is unique among the issuer's portfolio of cards, in that its points take on 50% more value when you … In addition to its other remarkable features, the Wells Fargo Visa Signature card offers an impressive array of further perks and benefits, again focusing heavily on the needs of travelers. This is a very strong (potential) sign-up bonus for a card with no annual fee. You can earn Wells Fargo rewards points –officially called “Wells Fargo Go Far Rewards” points – with three cards: the Wells Fargo Propel American Express Card, the Wells Fargo Rewards Card and the Wells Fargo Visa Signature Card. © 2021 THE POINTS GUY, LLC. Withdrawal at a Wells Fargo ATM in $20 increments with a Wells Fargo ATM card or debit card; Those who also have the Wells Fargo Visa Signature® Card * … Featured photo by Wyatt Smith/The Points Guy. In addition, this card could work well for anyone interested in transferring high-interest credit card debt from another card or financing a major purchase, since it has a 15-month 0% APR promotional period. This is also the case in foreign countries that use U.S. dollars, such as Ecuador, El Salvador and the British Virgin Islands. Typically, Wells Fargo GoFarRewards are worth 1 cent each, regardless of how they are redeemed. For example, the Citi Double Cash card offers 1% cash back on purchases and an additional 1% when you pay for those purchases. Plus, it still has good value for some travelers after the initial six months. Once the initial welcome offer expires, this card offers you 1x point per dollar spent on all purchases. Earn 5x rewards points on gas, grocery, and drugstore purchases for the first 6 months, and 1x points on other purchases. USA. Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. The Cash Wise Card has no annual fee and offers an easy sign-up bonus. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. The maximum value of the 3.5 additional points is $656. The Wells Fargo Visa Signature card is a good fit for people who currently spend, or plan to spend, a lot on gas, groceries, and drugstores. We also assign value to sign-up bonus offers and their initial spending requirements, when present. The Wells Fargo Visa Signature card has a lot of great benefits for a no annual fee card. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For the first 12 months, cardholders earn 1.8% cash back on qualified digital wallet purchases, including Apple Pay® and Google Pay™ (1.5% after that). Just note that you have to redeem your points using their Wells Fargo Go Far Rewards portal; you can’t book your reservations directly and then request a statement credit. The Wells Fargo Cash Wise Visa® card is a solid $0-annual-fee cash-back credit card, offering 1.5% cash back on purchases, an introductory 0% APR period and a decent sign-up bonus. The Signature Card's Unique Sign-Up Incentives. The Wells Fargo Visa Signature® Card doesn’t offer rewards that transfer to airline miles, but as you’ll see, that shouldn’t be a deal-breaker since it gives you the opportunity to earn an impressive 4.5% back in travel rewards on many of your purchases. Application Link. In the 2019 J.D. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. I think it's a good option for folks that want to get it and the Wells Fargo Visa Signature Card as well and use the points to book airline travel with the 50% points … The Wells Fargo Visa ® Signature ® Card offers a generous rewards program for the first six months the account is open (and only the first six months): You earn five points for every $1 spent on purchases in the categories listed below, on up to $12,500 (and then one point per $1 after that cap is hit). Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). You agree that we may consider you for a Visa Platinum card if you do not qualify for the Visa Signature card. If you’re looking for a basic cash back card to use on general purchases and don’t want to bother with a complicated rewards scheme, the Wells Fargo Cash Wise Visa card is a good choice – particularly if you already bank with Wells Fargo and would prefer a card from the same bank.. Combining this card with the Wells Fargo Propel American Express card could boost your rewards even further. Application Link. Here’s how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. For example, if you purchase a travel reservation from a foreign airline or hotel, you might be charged in U.S. dollars, but since the transaction is processed outside of the U.S., you could still be charged this fee. Wells Fargo Home Rebate Visa Signature Card Summary: Best Feature: Earn a 5% rebate on gas, grocery, and drugstore net purchases for 6 months Annual Fee: None Expiration Date: None Additional Advice: Boost your earning potential and find great deals at your favorite local and national stores at the Earn More Mall ® site. You start off with a generous initial rewards offer and 15 months of interest-free financing. We may receive compensation when you click on links to those products. The Wells Fargo Advisors By Invitation® Visa Signature® credit card offers travel and entertainment benefits, plus a rewards program through the Wells Fargo Rewards® Program. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. A RED VENTURES COMPANY. Leave your review for Wells Fargo Visa Signature Card and help others make the right decision. In order to get approved for this credit card, you should have a good-excellent credit rating. The Wells Fargo Cash Wise Visa® card is a solid $0-annual-fee cash-back credit card, offering 1.5% cash back on purchases, an introductory 0% APR period and a decent sign-up bonus. 3. Would-be cardholders might scoff at a mere one point per dollar on general purchases, but the Wells Fargo Visa Signature credit card tries to make up for it by giving you the ability to earn an additional four points per dollar spent at gas stations, grocery stores and drugstores for the first six months (for a total of five points per dollar). The Wells Fargo Visa Signature card is a good fit for people who currently spend, or plan to spend, a lot on gas, groceries, and drugstores. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It offers a 0% introductory APR for the first 15 months on purchases, then a 13.49%–26.49% Variable APR after that. Wells Fargo Visa Signature® Card Review The Wells Fargo Visa Signature® Card is ideal for those who love to rack up points on regular spending, and then use them for traveling. For example, 60,000 points are worth $750 toward travel. Either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days after account opening. Please view our advertising policy page for more information. When shopping, you also receive purchase protection, price protection and extended warranty coverage. Wells Fargo Visa Signature Card is a cashback credit card issued by Wells Fargo Bank. Again, that doesn't include the 1 point per dollar you’d earn on purchases outside those categories. It’s also a rare no-annual-fee card with mobile phone protection. But when you’re able to combine these two cards and earn rewards worth 4.5% or even 5.25% on many of your purchases, then you could have a winning combination. 2014-04-22. true. For the first six months after opening an account, travelers can get 5x rewards points for up to $12,500 spent on gas, groceries, and drugstore purchases. Investopedia is committed to delivering the best credit card recommendations in the industry. Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes: Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. You’ll earn 5x points on gasoline, grocery, and drugstore purchases during the first six months. Rental car collision insurance (secondary to your own policy), Trip cancellation protection and lost luggage reimbursement. The Wells Fargo Visa Signature card has no annual fee and offers 5 points per dollar on grocery, gas, and drugstore purchases of up to $12,500 for the first six months after opening the account. The card lacks a one-time offer, but each point you earn is worth 50% more when redeemed for airfare purchases. The Wells Fargo Visa Signature® Card doesn’t offer rewards that transfer to airline miles, but as you’ll see, that shouldn’t be a deal-breaker since it gives you the opportunity to earn an impressive 4.5% back in travel rewards on many of your purchases. Instead, it offers an outstanding 5x rewards on gas, grocery and drugstore purchases for six months, on up to $12,500 spent — 3.5 additional points over the usual 1.5 points toward airfare. Portfolio by Wells Fargo Overview Portfolio by Wells Fargo is a relationship-oriented benefits program for banking clients that begins with an interest-earning checking account, and which encourages its clients to fulfill all of their banking needs through one institution, namely Wells Fargo. This site does not include all credit card companies or all available credit card offers. The Wells Fargo Visa Signature Card has a 15-month 0% introductory APR on purchases and any balance transfers made within 120 days of account opening, followed by an APR of 12.49% to 25.49%, based on your creditworthiness. However, this isn’t the best card to use abroad as it comes with foreign transaction fees. Its score was well under the national issuer average of 806. Each purchase made in those categories earns 5 points per dollar, which can add up quickly. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. 4. Intro APR on purchases and balance transfer. For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. Like the Wells Fargo Visa Signature® Card, the Wells Fargo Rewards Visa® Credit Card offers Earn 5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases - enjoy 5 years to use the points you earn. The Wells Fargo Visa Signature card has no annual fee and offers 5 points per dollar on grocery, gas, and drugstore purchases of up to $12,500 for the first six months after opening the account. All information about the Wells Fargo Propel American Express card, U.S. Bank Visa Platinum Card, and the Wells Fargo Platinum card has been collected independently by … The Points Guy will not sell your email. After the promotional period ends, the ongoing rate on all purchases is 1 point per dollar. This card charges a “foreign currency conversion fee.” Many credit cards still charge a foreign transaction fee for all charges processed outside of the United States, whether in U.S. dollars or another currency. When compared among all rewards cards in our database: See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. Update: Some offers mentioned below are no longer available. There aren’t too many cards that offer theft and damage coverage for mobile phones, beyond the basic 60 or 90 days of purchase protection that might cover all new purchases. Update: Some offers mentioned below are no longer available.
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