Is the Wells Fargo Rewards Card worth it? - October 2018 | finder.com

Wells Fargo Rewards® Card review – October 2018

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Pay no annual fees, get bonus points and save more with 0% APR for 15 months.

  • Get this card if… you want a rewards card with no annual fees and an intro 0% APR.
  • Good to excellent credit score of 680 to 850 recommended.
Product NameWells Fargo Rewards® Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases18.49% to 27.99% variable
Introductory Purchase APR0% for the first 15 months (then 18.49% to 27.99% variable)
Introductory Balance Transfer APR 0% for the first 15 months (then 18.49% to 27.99% variable)
Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate25.99% to 27.99% 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 FeeUp to $37
Returned Payment FeeUp to $37
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age
Reward Value per Dollar1 points
Rewards Points ExpiryNever
Review SiteStar ratingReview count
Wallet Hub3.7/5429 reviews

The basics

The Wells Fargo Rewards® Card is a gas-and-groceries rewards card that comes with no annual fee and flexible redemption for cash or airline miles. For the first six months, you’ll earn a generous 5x points on gas, groceries and drugstore purchases.

A 0% APR on purchases and balance transfers for 15 months will save you even more. And because it’s a Visa, you’ll get network benefits that range from roadside dispatch to travel accident insurance, adding to the card’s appeal.

The perks

    • Points rewards. Earn 5x points on purchases made at gas stations, grocery stores and drugstores for the first six months and 1x points on all other purchases. Earn points more quickly when you shop at the Wells Fargo Earn More Mall.
    • Reward options. Use your points toward air travel without worrying about advance booking or minimum stays. Other options include merchandise, gift cards, car rentals, hotels, cruises and more. For cash rewards, get a check or a transfer directly into a qualifying Wells Fargo account.
    • 0% intro APR. Pay no interest on purchases and balance transfers for the first year.
    • Cell phone protection. Use your card to pay your cell bill, and get up to $600 in cell phone protection if your phone is broken or stolen.

    You’ll also like …

    • No annual fees. Pay no fees to enjoy your rewards card as long as you’d like.
    • Protection and security. Take advantage of a zero-liability program, emergency card replacement, travel and emergency assistance services, an auto rental collision damage waiver, roadside dispatch and travel accident insurance that comes with Visa.

    What to watch out for

    • End of intro APR. Save yourself any financial hassle by paying off your balances before the intro APR expires. After the intro, your APR will jump to a variable 18.49% to 27.99% variable .
    • Foreign transaction fee. Each time you use this card outside the States, you’ll pay of your transaction in US dollars.
    • Expiration of points. Your points will remain valid for five years from the time you earned them.
    • Other fees and penalties. When the intro APR expires, your balance transfer fee can increase from 3% of your transfer to up to $5 after the first year. Late and returned payments come with penalties of up to $37. You’ll also pay fees for cash advances and overdraft protection advances.

    Consider other cards if…

    Compare top rewards credit cards

    Updated October 20th, 2018
    Name Product Welcome Offer Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
    $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
    1% cash back
    14.99% to 25.99% variable
    $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.
    1% cash back
    14.99% to 25.99% variable
    $95
    Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
    $250 Back. Here’s how: 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. Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months.
    1.5% cash back
    14.99% to 25.99% variable
    $0
    Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
    75,000 Bonus Points after you use your new Card to make $3,000 in purchases within the first 3 months.
    2 points
    17.74% to 26.74% variable
    $0 annual fee for the first year ($95 thereafter)
    Enjoy a $0 annual fee on the first year and earn up to 2 Starpoints® for every dollar of eligible purchases. Rates & Fees
    125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
    3 points
    17.74% to 26.74% variable
    $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 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
    3 points
    17.74% to 26.74% variable
    $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
    10,000 bonus miles after spending $500 in purchases on your new Card in your first 3 months.
    1 miles
    17.74% to 26.74% variable
    $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 Bonus Miles after spending $1,000 in purchases on your new card in your first 3 months and a $50 statement credit after you make a Delta purchase with your new card within your first 3 months.
    1 miles
    17.74% to 26.74% variable
    $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
    1 points
    16.99% variable
    $495
    Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
    1 points
    16.99% variable
    $195
    Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
    2 points
    16.99% variable
    $995
    Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
    Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days and paying the annual fee
    2 miles
    17.99%, 21.99% or 24.99% variable
    $0 annual fee for the first year ($89 thereafter)
    Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days and paying the annual fee.

    Compare up to 4 providers

    What to know before you apply

    Apply for the Wells Fargo Rewards® Card if you’re:

    • At least 18 years old.
    • A resident of the US.

    Information you’ll need

    To apply for this card, you’ll need to provide your:

    • Full name, personal contact information and Social Security number.
    • Housing status and monthly rent or mortgage payments.
    • Employment status and gross annual income from all sources.

    What credit score do I need?

    People with credit scores of 680 or higher have a better chance of approval for this card.

    How to apply for the card

    1. On the Wells Fargo Rewards® Card website, click Apply Now.
    2. Complete the application by entering your personal, employment and financial information.
    3. Review your information for accuracy, and click Submit.

    How long will it take to be approved?

    Wells Fargo processes its applications online, which means that you can typically learn your application’s conditional approval soon after submitting it.

    I got the card. Now what?

    • Make timely payments. Register your account online with Wells Fargo to monitor your spending and make payments.
    • Avoid interest. Make use of the 25-day grace period after each billing cycle to avoid paying interest on purchases.
    • Avoid unnecessary fees. Late and bounced payments come with stiff fees, among other potential penalties.
    • Customer service. Call 800-869-3557 for support or connect with the bank on Facebook @wellsfargo or Twitter @WellsFargo.

    Bottom line

    This is a no-frills rewards card that’s on par with many others out there. It offers a 0% intro APR on purchases and transfers that just might be what you need to make your decision.

    But if you’re a big spender or travel internationally often, you might want to consider other cards offering rewards that could benefit your specific lifestyle or habits.

    Our guide to 0% APR credit cards

    Common questions about Wells Fargo Rewards® 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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