Wells Fargo Rewards Credit Card Review

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Welcome Offer

Earn 5x points on purchases

5x points on gas, grocery and drugstore purchases up to $12,500 in the first 6 months

Earn

5xPoints
5x points on gas, grocery and drugstore purchases up to $12,500 in the first 6 months
1xPoints
Earn 1 point for every dollar spent on other purchases
$0Annual Fee
No annual fee with this card
nullZero Liability
$0 liability guarantee for fradulent transactions

Wells Fargo offers prospective cardholders some incredible deals with the Wells Fargo Visa Rewards card. Consumers can easily rack up 62,500 reward points in just the first six months of service through common monthly purchases. In addition, cardholders can score big between 0 percent interest on initial purchases and balance transfers plus flexible reward point redemption. You’ll save hundreds or thousands in interest while being able to trade in points for great goods and experiences.

Rewards Highlights

  • No Annual Fee
  • 5x Points on Gas, Grocery and Drugstore
  • 1x Points on Everything Else

Expert Review

The Pros

  • No Annual Fee
  • 5x Points on Shopping and Gas
  • 1x Points on Everything Else

The Cons

  • High Regular APR
  • No Flexible Rewards

Recommended Credit Profile

Rates & Fees

  • Annual Fee$0
  • Intro Purchase APR0% for 15 months
  • Intro Balance Transfer APR0% for 15 months
  • Regular APR18.49% to 27.99%
  • Great ForTravelShoppingRestaurants
  • Regular Purchase APR18.49% to 27.99%
  • Regular Balance Transfer APR18.49% to 27.99%
  • Cash Advance APR25.99% to 27.99%
  • Balance Transfer Fee$5 or 3%
  • Cash Advance Fee$10 or 5%
  • Foreign Transaction Fee3%

Earning Points with the Wells Fargo Rewards Visa

Wells Fargo has made it easier than you can imagine to earn a lot of rewards quickly when you first qualify for the Visa Rewards card. For the first six months, you earn 5x rewards points on up to $12,500 in purchases made at gas stations, grocery stores and pharmacies. That adds up to an incredible 62,500 points – 12,500 base points plus a whopping 50,000 in bonus points.

To spend $12,500 in six months, you merely have to spend $2,083 per month, or $520 per week. Between the groceries you need to feed your family, the gas to get to and from work and activities, and the toiletries and medications to keep everyone healthy, you’ll reach that amount with barely any effort at all. If you spend another $500 per month on utilities during your first six months, you’ll get another 3,000 points, bringing your total over 65,000.

During your six month intro period, you’ll earn a point per dollar when you shop at other types of retailers in store and online — and those points are unlimited. After the intro period, you’ll continue earning a point per dollar on every qualified purchase.

Think about using your card to pay for monthly expenses like utilities and watch those rewards rack right up. In addition, you can make purchases through Wells Fargo’s Earn More Mall®, where you can earn between one and three percent from major retailers.

The best news on the rewards you earn through the Wells Fargo Visa Rewards card is that the points don’t expire for a full five years. That gives you time to save up your points to trade in for some pretty spectacular rewards. You can even gift reward points to other Go Far™ Rewards members, or put together your points with theirs to make a joint purchase.

Spending Your Wells Fargo Rewards

When you are a Wells Fargo Rewards Visa member, you have an incredible number of opportunities to spend the thousands of rewards points you earn per month. Think about those initial 65,500 points you earned with 5x rewards on special purchases and 1x rewards on everyday expenses. Here’s an idea of what you can trade them in for:

  • 25,000 points = $250 Amazon gift card
  • 56,139 points = Apple iPad Mini 4 with Wi-Fi and 128GB Storage
  • 2,000 points = $20 at the ATM
  • 50,000 points = $500 in travel expenses you can use to book hotels cruises and other travel

The travel rewards offered by the Wells Fargo Rewards Visa card also offer the advantage of having no blackout dates, more than 60,000 available hotel properties to chose from, easy car rental services and a wide variety of cruises to choose between. You also don’t have to book a certain time in advance, aren’t required to stay over a Saturday night and don’t have to incur a minimum stay. In other words, you can use your points to travel how you want, when you want.

More Money in Your Pocket with 0 Percent Balance Transfers and Introductory APR

Check your credit card bills — how much do you pay every month in interest? When you transfer your balances to your new Wells Fargo Rewards Visa, you’ll enjoy a full 15 months of interest free time to pay off your balance. If you transfer $1,500, you can pay that off at just $100 a month and save a total of $224.79 in interest versus paying it down $100 a month at an 18.90 APR.

Plus, the $12,500 you spend in the first six months can also be paid off interest free over your first 15 months at just $833 per month without interest (which could be $1874.13 total if you financed the same amount at a standard credit card APR).

After your initial 15 months, your APR will go up to between 18.90 percent and 27.74 percent, depending on your credit score. Think about how much your score can go up before your APR kicks in at 15 months. You can use that time to pay down or off the balance on this card while wiping off the balances of other cards when you transfer them over and pay them off interest free as well. Improved credit, money in your pocket and tons of rewards points to spend — bonus, bonus, bonus.

Even More Wells Fargo Rewards Visa Benefits

We love that Wells Fargo covers you through so many aspects of life, from travel protections to zero liability for unauthorized purchases. Just a couple of the extra benefits you’ll experience with this card are:

  • Emergency card replacement — don’t wait for weeks to have access to the money you need
  • Roadside assistance — never feel stranded again; simply call for affordable help
  • Travel accident insurance and emergency assistance — forget worrying about what could go wrong during your travels; Wells Fargo has you covered.
  • Zero Liability — if someone else uses your card without your permission, report it right away and you won’t be on the hook for those transactions
  • Rapid Alerts — always know what’s going on with your account with alerts for purchases and irregular activity

Continue Your Wells Fargo Relationship

If you already conduct your banking with Wells Fargo, this Wells Fargo Rewards Visa is a great way to continue that relationship. You can link accounts for easy payments, overdraft protection and easy access to transfer points into cash. Even if you’re not a current Wells Fargo customer, your benefits from using this card are nearly endless from the interest you can save to the enormous amounts of points you can earn.

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