Wells Fargo Visa Signature Card review | finder.com

Review: Wells Fargo Visa Signature® Card – February 2019

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Wells Fargo Visa Signature® Card

Earn 20,000 bonus points and get 50% extra value when you redeem your points for airline rewards.

  • Get this card if … you want a rewards card with no annual fee.
  • Good to excellent credit score of 690 to 850 recommended.
Product NameWells Fargo Visa Signature® Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases14.74% to 27.74% variable
Introductory Purchase APR0% for the first 15 months (then 14.74% to 27.74% variable)
Balance Transfer APR14.74% to 27.74% variable
Introductory Balance Transfer APR 0% for the first 15 months (then 14.74% to 27.74% variable)
Balance Transfer Fee$5 or 5% of the transaction, whichever is greater
Cash Advance Rate26.24% to 28.24% variable
Foreign Transaction Fee3% of the transaction value
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment Fee$37
Returned Payment Fee$37
Minimum Age18 years of age
Rewards5x 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.
Base Rewards1x points

The basics

The Wells Fargo Visa Signature® Card deserves your attention if you’re looking for a no-annual-fee card that comes with rewards. You’ll get a signup bonus of 20,000 points if you spend $1,000 on purchases in the first three months. You’ll earn 5x points across multiple categories for the first six months, and 1x points on all purchases thereafter.

You can redeem your points for travel, cash back, gift cards, merchandise and more. You’ll certainly save money with the card’s 0% intro APR offer for purchases and balance transfers for the first year. If you’re looking to use this card overseas, you may want to look elsewhere — there’s a 3% fee for foreign transactions.

An alternative for everyday spending: Blue Cash Everyday® Card from American Express

  • $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms apply.
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The nuts and bolts

Product name Visa Signature Card
Issuing Bank Wells Fargo
Recommended credit score range 690–850 (good to excellent)
Annual fee $0
Signup bonus 20,000 bonus points if you spend $1,000 on purchases in the first 3 months
Purchase APR 13.15%–26.99% variable
Intro Purchase APR 0% for 12 months, 13.15%–26.99% variable thereafter
Intro balance transfer APR 0% for 12 months, 13.15%–26.99% variable thereafter
Balance transfer fee
  • $5 or 3% of the transferred amount, whichever is greater, for the first 12 months
  • $5 or up to 5% of the transferred amount, whichever is greater, thereafter
Foreign transaction fee 3% of each transaction in US dollars
Cash advance rate 24.99%–26.99% variable
Cash advance fee $10 or 5% of the transaction, whichever is greater
Penalty APR N/A
Late payment fee Up to $37
Returned payment fee Up to $37
Overlimit fee $12.50 if the total overdraft protection advance for the day is $50 or less; $20 if the total overdraft protection advance for the day exceeds $50.
Maximum credit limit None
Minimum interest charge $1.00

The perks

  • Signup bonus. Spend $1,000 in the first three months from account opening and earn 20,000 bonus points.
  • Earn points. Earn 5x points on grocery, gas and drugstore purchases for the first six months. All other purchases come with 1x points. You’ll earn points faster when you shop at the Wells Fargo Earn More Mall.
  • Extra value for your points. You’ll get 50% more value for your points when you redeem them for airline rewards. For example, 30,000 points is a $450 value toward airfare redemption or a $300 value toward cash redemption.
  • Other ways to redeem points. You may redeem your points for hotel bookings, cruises, car rentals, merchandise and gift cards. You can use them to pay at online auctions or get cash back.
  • Intro APR offer. The 0% intro APR offer on purchases and balance transfers is valid for the first 12 billing cycles.

You’ll also like…

  • No annual fees. You’ll pay no annual fees for the life of the card.
  • Travel benefits. Round-the-clock travel protection through the concierge service and special privileges through the Visa Signature Luxury Hotel Collection. This includes travel and roadside assistance, roadside dispatch, trip cancellation protection, lost luggage reimbursement, auto rental collision coverage, travel accident insurance, and emergency card replacement and cash disbursement.
  • Security. This chip-enabled card comes with rapid alerts, purchase security, price protection, cellphone protection, and extended warranty protection. The Zero Liability Program protects you from unauthorized transactions.

What to watch out for

  • Overseas transaction fees. You’ll pay 3% of each transaction when you use this card outside of the US.
  • Balance transfer fees. The balance transfer fee will increase from 3% to 5% after the intro APR offer expires in 12 months.
  • Expiry of intro APR period. At the end of 12 billing cycles, you’ll start paying interest toward outstanding balances from purchases and balance transfers. Your APR depends on your creditworthiness.
  • Penalties and other fees. Late and returned payments come with penalties of up to $37. Cash advances come with fees, as do overdraft protection advances.

Consider other cards if…

Compare top rewards credit cards

Updated February 23rd, 2019
Name Product Welcome Offer Rewards Annual Fee
50,000 points after spending $4,000 in the first 3 months
2x points on travel and dining. 1x points on all other purchases
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
$150 cash back after spending $500 on purchases in the first 3 months
5% cash back in quarterly rotating categories on up to $1,500 in combined purchases for each quarter you activate, then 1% after that and on all other purchases
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
Earn $150 cash back after spending $500 on purchases in the first 3 months from account opening
Earn 1.5% unlimited cash back for each dollar spent
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
$150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
Earn 3% at US supermarkets on up to $6,000 per year, then 1%. Earn 2% at US gas stations and US department stores. Earn 1% on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$200 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
Earn 6% cash back at US supermarkets on up to $6,000 per year in purchases and 1% after that. Earn 3% cash back at US gas stations and select US department stores and 1% on all other purchases
$95
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$150 after spending $1,000 in the first 3 months
Earn unlimited 1.5% cash back on your purchases
$0
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
35,000 points after spending $2,000 in the first 3 months
3x points on airfare booked directly with airlines; 4x points at US restaurants; 4x points at US supermarkets on up to $25,000 per year in purchases (then 1x points)
$250
35,000 bonus Membership Rewards® Points when you spend $2,000 in the first 3 months Rates & Fees
70,000 miles after spending $5,000 in the first 90 days
2x miles on all purchases
$0 annual fee for the first year ($89 thereafter)
Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days.
125,000 points after spending $2,000 in the first 3 months
12x points on Hilton Portfolio spending, 6x points at US restaurants, US supermarkets and US gas stations and 3x points on all other purchases
$95
Earn 125,000 Hilton Honors™ Bonus Points after you spend $2,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
75,000 points after spending $1,000 in the first 3 months
7x points on direct purchases within the Hilton Honors portfolio. 5x points at US restaurants, US supermarkets and US gas stations. 3x points on all other purchases
$0
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & Fees
Earn a $150 cash rewards intro bonus after spending $2,500 in the first 3 months. 10% Anniversary Bonus on all Cash Rewards earned once a year.
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
10,000 miles after spending $500 in the first 3 months
2x miles at US restaurants and on purchases made directly with Delta and 1x miles on all other purchases
$0
Earn 10,000 bonus miles after spending $500 in purchases on your new card in your first 3 months of card membership. Rates & Fees
30,000 miles after spending $1,000 in the first 3 months and a $50 statement credit after you make a Delta purchase in the first 3 months
2x miles on Delta purchases and 1x miles on all other purchases
$0 annual fee for the first year ($95 thereafter)
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months. Rates & Fees
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
N/A
1x points on all purchases with 2% point value when you redeem for airfare or cash back
$995
Earn 2% point value when redeemed for airfare or cash back through the Luxury rewards program.
Earn $150 statement credit after you spend $1,200 on purchases within the first 90 days from account opening
Earn 1x rewards points on all purchases and 5x points in quarterly rotating categories on up to $1,500 each quarter you activate, then 1x points
$0
Earn $150 in statement credit after you spend $1,200 on purchases within the first 90 days from account opening.
Earn 25,000 bonus points when you spend $2,500 in the first 90 days from account opening.
Earn 3x points on travel — or 4x points if you’re a PenFed Honors Advantage member — and 1.5x points on all other purchases
$0
Earn 25,000 bonus points when you spend $2,500 in the first 90 days from account opening.
Earn a $100 bonus after spending $1,500 on purchases in the first 90 days from account opening
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card
$0
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
Earn a $100 bonus after spending $1,500 on purchases in the first 90 days from account opening.
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.
$0
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.
$0 to $99
Get 1% cash back rewards on eligible purchases.
$0 to $99
Seeing if you pre-qualify is fast, easy and secure.
Get 1% cash back rewards on eligible purchases and double cash back rewards at the NASCAR.com Superstore
$0 to $99
Get 1% cash back rewards on eligible purchases and double cash back rewards at the NASCAR.com Superstore.

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What to know before you apply

You may apply for the Wells Fargo Visa Signature Card if you’re:

  • At least 18 years of age.
  • A citizen or resident of the US.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

The bank will require different types of information to process your application.

  • Your complete name and contact details
  • Your date of birth and Social Security number
  • Your monthly payments toward rent or mortgage
  • Your gross annual income from all sources

What credit score do I need?

Applying with a credit score of 690 or higher increases the probability of your application’s approval.

How to apply for the card

1. On the Wells Fargo Visa Signature Card website, click Apply Now.

Wells Fargo Visa Signature Card features webpage screenshot

2. If you’re an existing Wells Fargo customer, provide your login details. If not, click Continue.

Get Started webpage screenshot

3. Complete the application by providing the required details.

Enter your information webpage screenshot

Social security number screenshot

Financial Information webpage screenshot

Terms and conditions webpage screenshot

4. Check if the information you’ve entered is correct and click Submit.

How long will it take to be approved?

Because conditional approval is automated on the Visa website, you’ll often get a decision immediately. In some cases, you’ll need to wait a few days to a few weeks to receive a response.

I got the card. Now what?

  • Avoid interest. After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Customer service. If you have questions, call 800-642-4720 or contact Wells Fargo via Facebook @wellsfargo or connect on Twitter @WellsFargo.

Bottom line

This card comes with short-term and long-term benefits, and you get to make the most of it in the first six months. With no annual fees and 0% APR for the first year you’ll save money. Before you decide on a credit card, always compare your options.

Common questions about Wells Fargo Visa Signature Card

Megan Horner

As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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