The Wells Fargo Rewards® Card supplies glorious worth for the primary six months attributable to its larger rewards price in particular spending classes. After that, the social gathering’s over — at the very least so far as incomes factors is worried. However the card does supply just a few different compelling advantages, like a $zero annual charge, versatile reward redemption choices and an extended introductory zero% curiosity interval for brand new purchases and qualifying stability transfers.

The cardboard shares many traits with the marginally extra strong Wells Fargo Visa Signature® Credit score Card — solely that card means that you can redeem factors for airfare at 50% extra worth. So, should you plan to redeem factors solely for journey, the Wells Fargo Visa Signature® Credit score Card could also be a more sensible choice for you.

If vacationing is not solely your aim, although, listed here are 5 issues to know concerning the Wells Fargo Rewards® Card.

1. As an alternative of a bonus, you’ll earn a better rewards price for six months

There’s no sign-up bonus with the Wells Fargo Rewards® Card. As an alternative, new cardholders are rewarded differently.

You’ll earn 5 factors per $1 spent at fuel stations, grocery shops and drugstores, as much as $12,500 within the first six months; that is a attainable 62,500 factors. All different purchases earn 1 level per $1.

Usually, the cardboard earns 1 level per $1 on all spending, so you’ll be able to earn as much as 50,000 further bonus factors in that time-frame.

With different cash-back playing cards providing at the very least 1.5% again on all purchases, the worth of the Wells Fargo Rewards® Card takes a steep dive after six months. What’s extra, your factors expire after 5 years from the time they land in your account. That’s considerably uncommon. Many different playing cards allow you to maintain onto unused rewards indefinitely as long as your card account stays open.

2. There’s an introductory zero% interval for purchases and qualifying stability transfers

Pay an introductory zero% APR for 15 months for brand new purchases and qualifying stability transfers. The introductory stability switch charge is $5 or three% of the quantity of every stability switch, whichever is larger, as long as you switch a stability inside 120 days. The charge will increase to five% after that, and it’s possible you’ll not qualify for the introductory zero% rate of interest.

three. The cardboard affords a number of redemption choices

A giant advantage of the Wells Fargo Rewards® Card is the variety of methods you’ll be able to redeem your rewards: money again, journey, reward playing cards, merchandise and charitable donations. Factors are price 1 cent every, although their worth might differ should you go for merchandise.

You’ll be able to redeem for money again within the following methods:

Direct deposit to an eligible Wells Fargo account, like a checking or financial savings account, or perhaps a mortgage or different mortgage.

Withdrawal from a Wells Fargo ATM (you will need to have a Wells Fargo debit or ATM card).

four. You’ll be able to pool your rewards with others

In the event you carry a number of Wells Fargo bank cards that earn Go Far Rewards, your factors will all land in the identical account. However you’ll be able to take account consolidation a step additional and mix your factors with others with a Rewards Pool. You’ll be able to set up a pool your self or contribute to another person’s. Select your companions fastidiously, nevertheless, particularly should you aren’t the proprietor of a pooled account. When you contribute factors, the choice is closing, and solely the account proprietor can redeem them.

5. There are further perks, too

The Wells Fargo Rewards® Card is a Visa, and it consists of these Visa advantages:

Automotive rental collision protection.

Journey accident insurance coverage.

The cardboard additionally affords as much as $600 in mobile phone safety should you use it to pay your month-to-month invoice. This characteristic protects telephones within the occasion of harm or theft, nevertheless it doesn’t cowl misplaced telephones.

The knowledge associated to the Wells Fargo Rewards® Card and Wells Fargo Visa Signature® Credit score Card has been collected by NerdWallet and has not been reviewed or offered by the issuer or supplier of this services or products.

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