Credit Cards » Compare Credit Cards » Best Wells Fargo Credit Cards of 2021
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Best Wells Fargo Credit Cards of 2021

Wells Fargo may not have as many credit card options , but it does have a card to meet most circumstances. Here are our recommendations.

Some products that appear here are from companies from which this website receives compensation. This may impact how and where products appear on this site (including, for example, the order in which they appear). It doesn’t affect our editors’ opinions. our opinions are our own.

Wells Fargo & Co is a financial services company that has over $1.9 trillion in assets. The company has a vision to meet the financial needs of its customers to help them financially succeed. Wells Fargo & co offers investment, mortgage and other banking products including credit cards with over 7,000 locations. In fact, Wells, Fargo serves one in three U. S households. 

Wells Fargo may not have as many credit card options as some of the other well established banking brands, but it does have a card to meet most circumstances.

Here are The Smart Investor Select’s picks for the top Wells Fargo credit cards:

Wells Fargo Propel American Express

Wells Fargo Propel American Express Card review

On Wells Fargo Secure Website

Wells Fargo Propel American Express

Reward details

Up to 3 points for every $1 you spend

Current Offer

20,000 bonus points

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

15 months

APR

14.49% – 24.99%
  • Overview
  • Card Features
  • Pros & Cons

The Wells Fargo Propel card does not charge any annual fee and stands out by it offers. For example, in the popular spending category, including restaurants, travel, gas and some very popular streaming services, the Well Fargo Propel American Express gives a 3 point dollar, making it outstanding. They also offer a decent bonus for a card with no annual fee and an introductory 0% APR with a cash bonus.

For individuals who do not have any insurance on their cell phone, this card may be the best for them because it extends a $600 coverage on your cell phone, only if you pay your cell phone bill with the Well Fargo. 

  • Rewards Plan: Earn 3 points per $1 spent on selected gas stations, rideshares, transit, Flights, hotels, homestays, car rentals and popular streaming services. 1 point per $1 spent on other purchases
  • APR: 14.49% - 24.99%
  • Annual fee: $0
  • Balance Transfer Fee: $5 or 5%
  • Foreign Transaction Fee: None
  • Sign Up bonus: 20,000 bonus points when you spend $1,000 in purchases in the first 3 months
  • 0% APR Introductory Rate period: 0% introductory APR on purchases and balance transfers for the first 15 months
  • 20,000 Points Sign-Up Bonus
  • Higher Points on Certain Categories Including Streaming Services
  • No Foreign Transaction Fee
  • Points on All Other Categories
  • No Annual Fee
  • 0% APR on Balance Transfers and Purchases
  • Minimum Redemption Amounts
  • Longer Introductory Rates
  • Not as Widely Accepted as Others
  • Balance Transfer Fee
  • High APR
  • 0% APR on Balance Transfers and Purchases

Wells Fargo Cash Wise Visa

Wells Fargo Cash Wise Visa Card review

On Wells Fargo Secure Website

Wells Fargo Cash Wise Visa

Reward details

Unlimited 1.5% cash rewards on purchases

Current Offer

$150 cash rewards bonus

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

0% introductory APR on purchases and balance transfers for the first 15 months

APR

14.49% – 24.99%
  • Overview
  • Card Features
  • Pros & Cons

Wells Fargo Cash Wise Visa Card is a straightforward cashback card. This card offers a simple 1.50% back on all purchases with no limit or special categories.

This card offers many benefits to those wanting a simple straightforward card. It does not come with an annual fee and has a decent sign-up bonus  of $150 cash rewards bonus when you spend $500 on your new card within the first 3 months.

Many cash back rewards cards in a category similar to that of the Wells Fargo Cash Wise Visa Card come with an annual fee which eats into your cashback rewards.  

  • Rewards Plan: Unlimited 1.5% cash rewards on purchases
  • APR: 14.49% - 24.99%
  • Annual fee: $0
  • Balance Transfer Fee: $5 or 5%
  • Foreign Transaction Fee: 3%
  • Sign Up bonus: $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
  • 0% APR Introductory Rate period: 0% introductory APR on purchases and balance transfers for the first 15 months
  • $150 Cashback Sign-Up Bonus *
  • 1.5% Cashback on All Purchases
  • No Annual Fee
  • 0% APR Introductory Rate
  • Flexible Redemption
  • Earn Additional Cash Back
  • There are Better Pure Cashback Cards
  • Minimum Redemption Amounts
  • Foreign Transaction Fee
  • Balance Transfer Fee
  • High APR

Wells Fargo Platinum

wells fargo platinum review

On Wells Fargo Secure Website

Wells Fargo Platinum

Reward details

None

Current Offer

None

Credit Rating

Good – Excellent

Annual Fee

$0

0% Intro

First 18 months on purchases and balance transfers.

APR

16.49% – 24.49%
  • Overview
  • Card Features
  • Pros & Cons

The Wells Fargo Platinum card offers a myriad of benefits including zero liability protection for unauthorized transactions that are reported in due time, transaction alerts, and cell phone protection. The card has chip technology for protection against counterfeit fraud when used for transactions at chip-enabled terminals.

Card owners can use the My Money Map, a tool that helps you manage and oversee your finances effectively and make budgets with ease. You can enjoy overdraft protection if you link your credit card to your bank account. Overdraft protection is a bank service that protects you from running out of funds when you spend more than what is in your account. However, there is a charge for the overdraft protection feature. Also, clients have free access to check their FICO® Credit Score online.

There is a zero percent introductory APR for the initial eighteen months on balance transfers and purchases. After which, the rate is 16.49% - 24.49% ,  based on clients' creditworthiness.

  • Rewards Plan: None
  • APR: 16.49% - 24.49%
  • Annual fee: $0
  • Balance Transfer Fee: $5 or 3%
  • Foreign Transaction Fee: 3%
  • Sign Up bonus: None
  • 0% APR Introductory Rate period: First 18 months on purchases and balance transfers.
  • Long 0% Introductory APR
  • Travel Benefits
  • Overdraft & Cell Phone Protection
  • No Annual Fee
  • No Rewards
  • No Sign Up Bonus
  • Foreign Transaction Fee

The Wells Fargo Credit Card Options

Wells Fargo may not have as many credit card options as some of the other well established banking brands, but it does have a card to meet most circumstances. These include:

  • Wells Fargo Propel American Express

This is a reward card with no annual fee that offers 3x points when you eat out, order in, on popular streaming services. You can also earn this points rate when you make gas station or transit purchases or pay for flights, hotels or car rentals. You’ll earn 1 point on all other purchases.

There is also an introductory bonus of 20,000 points if you spend $1,000 in your first three months. There are no limits to your point earnings and the points do not expire providing your account is open. You can redeem your points for cash, gift cards or travel rewards.

  • Wells Fargo Cash Wise Visa 

This is another annual fee free rewards card, but you don’t need to worry about spending categories. You’ll earn 1.5% cash rewards on your purchases with no cap. You can also earn a $150 introductory bonus if you spend $500 on your card within the first 90 days of account opening.

What makes the Cash Wise Visa stand out is the low introductory rate. There is a 0% rate for the first 15 months for both purchases and balance transfers. After this point, the rate is set at 14.49% to 24.49% based on your creditworthiness.

  • Wells Fargo Platinum

The Wells Fargo Platinum card offers a 0% introductory rate for 18 months on both purchases and balance transfers. There is also no annual fee.

This card is a great option to take control of your finances and either pay for large purchases over time or pay down your card balances. The features of this card include My Money Map that helps you to create a budget and manage your spending. There is also access to the Wells Fargo Online FICO score.

  • Wells Fargo Visa Signature

The Visa Signature is a flexible card that has no annual fee, but offers some great rewards. You’ll earn 5 points for every $1 you spend on gas, drugstore and grocery purchases up to $12,500 for six months. All other purchases will earn you 1 point per $1. There are also bonus points and deals if you shop at the Wells Fargo “Earn More Mall”.

However, where the card showcases its flexibility is when you redeem rewards. You have five years to spend your points and you can earn 50% more value when you redeem your points for airfare. You can also redeem your rewards for cash, gift cards, merchandise and travel.

Like the Cash Wise Visa, you can also enjoy a 0% introductory rate for the first 15 months after account opening.

  • Wells Fargo Rewards

The Rewards card is similar to the Visa Signature card. You can earn 5 points for every $1 on grocery, gas and drugstore purchases with a $12,500 cap. There is one point for every $1 on all other purchases.

You’ll also enjoy $0 annual fee and a 0% APR for purchases and balance transfers for the first 15 months.

However, this card also offers a number of other benefits including roadside dispatch, auto rental collision damage waiver, travel accident insurance and assistance services, cell phone protection and emergency card replacement.

  • Hotel.Com Rewards Visa

The Hotels.Com Rewards Visa allows you to collect stamps for each night you stay at eligible properties booked on the site. You will also earn one stamp for every $500 in purchases on your card. When you have 10 stamps, you can redeem them for 1 reward night, worth up to $125.

There is also an introductory bonus, where you can receive a reward night if you spend $1,000 on purchases within 90 days of account opening.

There is no annual fee and you’ll also enjoy cell phone protection, trip cancellation and interruption benefits and no foreign currency conversion fees.

  • Wells Fargo Cash Back College

The Cash Back College card is designed to help college students build credit while offering rewards. You can earn 3% cash rewards on gas, drugstore and grocery purchases up to $2,500. All other purchases will earn 1% rewards.

You can use your rewards for cash redemption, gift cards, merchandise or travel.

The card has no annual fee and allows access to tools including credit education and access to your FICO score through Wells Fargo online. There is also a 0% introductory rate for the first 6 months.

Leading Card Companies by Number of Cards in Circulation (Millions, USA)

What Credit Score Do You Need for Wells Fargo Credit Cards?

Wells Fargo has a focus on keeping customers informed about their FICO scores, with online tools to help you to keep track of any changes in your score. However, for many of the Wells Fargo credit cards, you will need a good to excellent score to qualify. This means that you will need a score of 690 or more to successfully apply for a card.

The reason for this is the generous rewards offered across the board with the range of Wells Fargo cards. There is no annual fee for any of the current Wells Fargo cards, which is unusual in today’s marketplace.

Additionally, you can earn some impressive rewards. You can earn up to 5x rewards on your purchases, so Wells Fargo is targeting customers with an established record for creditworthiness.

Once you qualify, your APR, after any introductory bonuses will be determined by your creditworthiness. So, those with excellent credit scores will attract a lower rate.

The only exception to the high credit score requirements is the Cash Back College. Since this card is designed to help college students build their credit, the credit score requirements are far more flexible.

How Do Wells Fargo Cash Back Offers Work?

Wells Fargo aims to make credit rewards simple, so you can enjoy cash back on your spending without complex calculations or confusing categories.

Many of the cards have a two tiered cash back reward system. So, you can earn a higher percentage on grocery, gas and drugstore purchases. This means that you don’t need to worry about rotating categories or activating rewards each quarter. Most cards have a cap on this higher reward spending, but you will still earn the standard amount on any purchases over and above this cap.

You can track your cash back earnings and then redeem them for cash, gift cards or other rewards. Most redemptions operate in $25 increments. You can opt to have the cash rewards paid into your Wells Fargo bank account or as a credit on your card statement. You can also request a paper check.

This makes the cash back offers quite flexible. Unlike some credit card providers that only offer the option of a statement credit, you can use your cash back to create an emergency fund or save for a special occasion.

You can direct your cash back rewards into a Wells Fargo savings account, so there is no temptation to spend them. With the welcome bonus on many of the cards, you could create a decent savings fund while enjoying a low APR on your spending.

How Do Wells Fargo Points Rewards Offers Work?

The Wells Fargo points rewards operate in a similar way to the cash back. You’ll earn points for each dollar you spend on the card. Again, there is a two tiered reward system on cards, so you earn extra rewards on your gas station, grocery store and drugstore purchases.

Where the difference occurs is in the redemption. You can often get better redemption rates for your points in specific areas. For example, the Hotels.com card allows you to accumulate stamps, which you can then trade for a reward night.

Other points reward cards give preferential redemption rates for travel. This makes cards such as the Visa Signature, a very attractive option. You can obtain 50% more value if you redeem your points against airfare.

So, if you’re a keen traveler, this may be a great option for you. However, you can also redeem your points for gift cards, merchandise or even cash.

What is the Wells Fargo Rewards Program?

Wells Fargo operates the reward program, Go Far Rewards. This program allows you to earn points with purchases using an eligible Wells Fargo card. You can also accrue points when you shop though the Earn More Mall, Wells Fargo’s online bonus mall.

There are a number of ways that you can redeem your Go Far Rewards points. These include:

  • Cash back: A major positive for this program is that you can redeem your points for cash using your Wells Fargo ATM or debit card. For this redemption, 1 point has a value of 1 cent, so you will need a minimum of 2,000 points. You can also only redeem in $20 increments.
  • Statement credit: You can use the Go Far Rewards portal or call Wells Fargo to redeem your points for statement credit. This is in $25 increments, but can be applied to your card or paid into your Wells Fargo checking or saving account.
  • Gift cards or merchandise: The rewards portal features a section where you can browse redemption categories. Gift cards typically allow a value of 1 cent per point, but the redemption values on merchandise can vary. So you will need to do a little comparison shopping to check whether it is better to claim the merchandise deal or request cash and buy the item you want separately.
  • Travel: When you click “Use Your Rewards”, you’ll see a travel section. This will redirect you to a site to search for hotels, flights, car rentals or even vacation packages. Points are generally worth 1 cent each, unless you have the Signature Visa card.

One significant advantage of this reward program is that you can pool your rewards with family members to claim greater rewards. However, you need to ensure that you make your card payments on time or your rewards account will be suspended.

Wells Fargo Cash Back Calendar 2021

Unlike other credit card providers, such as Chase, Wells Fargo does not have a cash back calendar. These calendars typically offer a higher rate of rewards for specific quarters in the year. This means that you need to activate the spending categories when the next phase of the calendar is announced.

However, this type of calendar can be confusing and it can mean that you may need to be far more strategic in your spending habits. For example, if you are planning on upgrading to a new laptop, you may be waiting months to find out if there is a technology and IT point bonus later in the year.

Wells Fargo takes a more simple approach. You’ll receive a set amount of points or percentage of cash back on your purchases at any time of the year. Instead of creating point bonuses on a calendar, Wells Fargo has focused on other card benefits, such as no annual fee or a 0% APR intro bonus. Many of the cards also have introductory bonuses, such as additional points if you spend a specific amount or more on your card within the first 90 days.

How to Maximize Wells Fargo Rewards?

With such a simple reward structure, you don’t need to be highly strategic to maximize your rewards. You don’t need to time purchases or wait for specific offers to get the most amount of points. However, there are some tips and tricks that can help you.

  • Focus on grocery, drug store and gas purchases: If you are disciplined about using your card and can pay off these purchases at the end of each month, you can maximize your rewards by focusing on these categories. Many of the Wells Fargo cards including Rewards, Cash Back College and Visa Signature offer a far higher reward rate of up to 5x on these purchases.
  • Make use of the introductory bonus: Wells Fargo cards typically offer an introductory bonus where you can receive up to $200 of rewards by making purchases on your card within the first 90 days of account opening. For example, the Propel American Express card provides 20,000 points if you spend $1,000 in the first 90 days.
  • Consider your large purchases: With a 0% introductory rate and some great introductory rewards, it is worth thinking about whether it is a good time to make that larger purchase you’ve been planning. This will allow you to spread the cost and earn the maximum number of rewards.
  • Make your payments on time: Wells Fargo will suspend your rewards if you are late making your credit card payments. While this suspension will be released when your account is up to date, you could miss out on a really good deal. During a suspension, you will be unable to redeem or trade your points, so it could prevent you from getting the maximum redemption at the opportune time.
  • Team up: Wells Fargo does allow family members and friends to pool their points. So, think about teaming up if you want to save for a great reward. You could use your communal rewards to pay for a superb group vacation.
  • Don’t let them expire: Most reward points have a five year expiration. So, don’t leave money on the table by allowing your points to expire. If you’re approaching the expiration point and you’re still unsure how to spend your points, simply request gift cards or statement credit, so they don’t go to waste.

What Are the Other Benefits of Having a Wells Fargo Card?

Each card has its own advantages, but there are some great benefits associated with having a Wells Fargo card. These include:

  • Travel Protections: Some cards offer some fantastic travel protections including travel accident insurance trip cancelation protection, lost luggage reimbursement, 24/7 travel assistance, auto rental collision coverage and emergency card replacement.
  • Travel Features: There are also offers some hotel benefits such as 24/7 complimentary concierge service.
  • Cell Phone Protection: Many of the Wells Fargo cards offer cell phone protection. This protects against theft or damage when you pay your monthly cell bill using your card.
  • Zero Liability Protection: This protects you from unauthorized transaction liability when you promptly report them.
  • Activity Alerts: You can enjoy account and card activity alerts to track purchases and your spending.
  • Overdraft Protection: You can link your credit card to your Wells Fargo checking account to cover a negative balance and prevent overdraft fees.
  • Retail Protection: Some Wells Fargo cards offer coverage for eligible items purchased using your card. This provides 90 days of coverage should they be stolen or damaged.
  • Extended Warranties: You can also double the manufacturer’s original warranty on eligible purchases.
  • Budget Watch: This is a great tool to help you get your finances on track. You can set budgets, maintain budget goals, track your income and spending, and even view charts and graphs. 

How Many Wells Fargo Credit Cards Can I Have at One Time?

There are no hard and fast rules that prevent you from having multiple Wells Fargo cards at any one time. However, the company does stipulate that you may not qualify for another Wells Fargo card if you’ve opened a Wells Fargo credit card account in the last six months.

This means that you will need to adequately space out your applications, or even if you have an excellent credit score, you may be rejected.

Additionally, since the rewards programs are so generous, the company is likely to be hesitant to permit multiple cards that will allow rewards stacking.

J.D. Power U.S. Credit Card Satisfaction Study 2020

How Do I Cancel a Wells Fargo Credit Card?

Wells Fargo does recommend avoiding canceling your credit card as it could have an impact on your credit score. The company recommends checking your credit utilization ratio to determine if canceling the card will unnecessarily raise your ratio beyond the recommended 30%. 

Maintaining an open credit card with a zero balance can actually help your credit score, as your credit card balances will be measured against all your available credit limits. If you close your account, it will reduce your available credit and could lower your score.

The Wells Fargo team advises that customers balance the benefits of the card against canceling the account.  For example, if you’re struggling to use the credit responsibly, and having access to more credit may increase your debt, closing the card may be the best option. However, if gaining access to account benefits by keeping the account open or it is helping you to maintain a 30% or lower debt utilization ratio, it may be better to keep the card.

If you decide that canceling the card is the best option for you, you will need to call the Wells Fargo customer service line. You’ll need to enter your credit card number and inform the representative that you want to close the account.

Account closures are processed immediately. Wells Fargo will mail you a letter confirming the change formally within 10 business days. So, be sure to clear any outstanding balance and redeem any remaining reward points before you make the call.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.