Wells Fargo, a multinational financial company, was founded in 1852. Its headquarter is in San Francisco, California. Unlike other companies, Wells Fargo offers business credit cards, business loans, personal loans, consumer credit cards, and much more.
Although Wells Fargo is a giant financial structure, it offers three consumer credit cards, including the Active Cash Card, and three business credit cards, such as Business Elite Signature Card, available on the company’s site. This short lineup is not huge and impressive as other credit card companies, but it shows the company’s loyalty to choices and standards.
All the Wells Fargo credit cards have amazing rewards programs, flexible APR requirements, easy credit score requirements, and fees. The cards are best for small business owners, consumers, and college students who want to build a good credit history. With Wells Fargo credit cards, users can avail of additional benefits such as cell phone protection.
Some basic requirements to get the Wells Fargo credit cards to include 18 years’ age restriction, residency in the US, SSN and eligible income source. If you want to get details about any company-related matters like banking services, credit cards, credit building, loans, financial services and products, you can call 1-800-642-4720. The customer service of Wells Fargo is available 24/7.
This article will provide you with the benefits and drawbacks of Wells Fargo Credit Cards. Also, you will know about the best Wells Fargo Credit Cards and their details. At last, answers to frequently asked questions will be available.
Pros and Cons of Wells Fargo Credit Cards
Similar to other credit cards, Wells Fargo credit cards also have impressive perks and benefits, along with some drawbacks. In this section, we will provide you with the pros and cons of Wells Fargo credit cards separately:
Pros of Wells Fargo Cards
The following are the benefits of selecting Wells Fargo credit cards:
Dominant Presence
Wells Fargo has more than 5,400 branches and more than 13,000 ATMs throughout the county. With its large coverage, users can redeem their cash back and cash points for gift cards, shopping and dining purchases with the Active Cash Card of Wells Fargo.
No Annual Fees
All Wells Fargo credit cards except one do not charge annual fees. The annual fee takes up a huge part of the expenses if charged. But consumers of Wells Fargo credit cards are free to maintain their balance transfers and purchases without paying annual fees.
0% Introductory APR
All Wells Fargo credit cards offer users a 0% introductory offer multiple times. For instance, the Wells Fargo Reflect® Card offers 0% intro APR for 18 months. The free intro period allows users to balance their transfers and purchases easily. And after the introductory period, they can maintain the required regular Annual Percentage Rate.
Cellphone Protection
All Wells Fargo Credit Cards offer cellular telephone protection of $600 on theft or damage of your cell phone. The protection program requires users to pay monthly bills of cell phones with Wells Fargo Credit Cards.
Zero Liability Program
With the Zero Liability Program of many Wells Fargo credit cards, you can get protection from any unauthorized ATM transfers or purchases made with your credit card. If anyone tries to make purchases or ATM transfers with your card, this program will take responsibility and save you from fraud attempts.
My Wells Fargo Deals
Wells Fargo has officially introduced its “My Wells Fargo Deals” to consumers. This program allows users to earn cashback at some merchants or card issuers at sign-up time. If you earn a reward with this program, you can redeem the rewards in multiple ways and for multiple purposes. You can redeem the cash reward at any Wells Fargo ATM service.
Cons of Wells Fargo Cards
The following are the drawbacks of Wells Fargo credit cards:
Fewer Card Options
Although Wells Fargo has many branches and ATMs, it offers few credit cards. There are three consumer credit cards and three business credit cards offered by Wells Fargo.
Not Ideal for Travelers
Although you can redeem your cash points and rewards for travel, Wells Fargo credit cards are preferable for cashback. Almost all credit cards offer cashback benefits, so if you are looking for the best credit card for travel, you must check other credit cards specifically designed for travel perks.
High-Interest Rates and Fees
Although Wells Fargo credit cards offer a rewards program, cashback, and cash points, the interest rate and fee structure are high. Many Wells Fargo credit cards charge service fees, late payment penalties, balance transfer fees, and annual and foreign transaction fees.
Best Wells Fargo Credit Cards
The following section will discuss the best Wells Fargo Credit Cards. All cards are available to consumers, such as students, travelers, and people in business. Choose a card according to your requirement and needs.
Let’s look at some of the best credit cards with frequent use. These are:
Wells Fargo Reflect® Card
Wells Fargo Reflect Card is considered the best credit card for balance transfers. The card charges no annual fee, and the requirement for regular APR is also low. This card has no rewards and welcome bonuses, but you can avail yourself of its additional benefits and features.
You can get benefits like cell phone protection, Zero Liability protection, and features such as roadside dispatch, Credit Close-Up, and My Wells Fargo Deals. With the cell phone protection of the card, you can get $600 if your face is damaged or theft. You can avail of this offer only with on-time payments of your cell phone bill with your Wells Fargo card.
With Zero Liability protection, the card saves you from any unauthorized transactions. Also, the card has a roadside dispatch feature that provides emergency assistance and locksmith service. Moreover, you can get personalized deals and cashback as a statement credit for shopping and dining with My Wells Fargo Deals.
Wells Fargo Reflect Card offers flexible intro APR for a maximum of 21 months. Users can get 0% intro APR for the first 18 months for purchases and balance transfers. After that, with an APR extension, you can get 3 more months if you pay your monthly payments on time.
Features of the Wells Fargo Reflect Card are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: None
- Welcome Bonus: N/A
- Intro APR: 0% for the first 18 months
- Regular APR: 15.99% to 27.99% Variable on Purchases and balance transfers
- Annual fee: $0
- Foreign Transaction Fee: 3%
- Late Payment Fee: Up to $40
- Balance Transfer fee: Introductory fee of 3% for 120 days, then up to 5%
- Best for Balance Transfers
Pros include the following:
- It does not have an annual fee.
- The balance transfer fee of 3% for the first 120 days is low.
- The card offers consumers access to Visa Signature Concierge.
- You can earn cash back as a statement credit on shopping items or dining with My Wells Fargo Deals.
- It provides $600 for cell phone protection.
- The introductory APR period is flexible for balance transfers and purchases.
Cons include the following:
- It does not offer any intro bonus offer.
- The card does not offer a rewards program.
- The card charges a 3% fee for foreign transactions.
Wells Fargo Active Cash® Card
Wells Fargo Active Cash Card is the best credit card among all cards in the market, offering flat-rate cash back. The card offers an unlimited 2% cash reward on eligible purchases after your spending of $1,000 within the first 3 months.
Wells Fargo Active Cash Card offers additional features and benefits such as Cell phone protection, zero liability protection, mobile application, and security features. Users can get $600 for cell phone protection if their phone gets damaged or theft. The protection is only available for consumers who pay their monthly cell phone bill with their Wells Fargo card.
The card keeps your account information secure with some security features, including 2-step Verification for signing and Voice Verification. Also, the card will save you from unauthorized transactions with zero liability protection.
Moreover, with the Credit Close-Up feature, you can keep track of your FICO score. You can raise and maintain it and get updates and insights on your credit score. The Wells Fargo Active Cash Card mobile application provides the comfort of checking your account activity anywhere. Also, you can pay your credit card bills with the card’s mobile app.
Features of Wells Fargo Active Cash Card are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: Unlimited 2% cash rewards
- Welcome bonus: $200 Cash Rewards
- Intro APR: 0% for the first 15 months
- Regular APR: 17.99%, 22.99%, or 27.99% Variable
- Annual fee: $0
- Foreign Transaction Fee: 3%
- Late Payment Fee: Up to $40
- Balance Transfer fee: Introductory fee of 3% for 120 days, then up to 5%
- Best for Flat-Rate Cash Back
Pros include the following:
- It does not charge any annual fee.
- It offers a welcome bonus of $200 cash rewards.
- It provides $600 for cell phone protection.
- The consumer can have access to Visa Signature Concierge.
- The card offers an Introductory APR period of 15 starting months.
Cons include the following:
- The card charges a 3% fee on foreign transactions.
- It charges a late payment penalty of $40 or more.
Wells Fargo Autograph℠ Card
Wells Fargo Autograph Card is one of the best credit cards for travelers. It offers a welcome offer of 30,000 bonus points after spending $1,500 on all purchases within the first 3 months. The redemption value of these points is $300. You can redeem the points for statement credit, travel, and gift cards.
The lowest introductory APR of the card is 0% for the first 12 months. After that, you must maintain a regular APR of 17.99%, 22.99%, or 27.99%. The card offers unlimited 3x cash points on purchases at gas stations, restaurants, phone plans, transit, travel, and a famous streaming service. Also, you can get 1x cash points on all other purchases.
The Wells Fargo Autograph Card provides additional features and benefits such as cell phone protection of $600 if your cell phone gets damaged or theft. This offer is only eligible for customers who pay their cell phone bills through their credit card. Moreover, the card offers My Wells Fargo Deal, enabling you to access enhanced benefits.
Features of the Wells Fargo Autograph Card are as follows:
- Recommended Credit Score: 690 to 850 (Good to Excellent)
- Rewards rate:
- Welcome Bonus: 30,000 bonus points
- Intro APR: 0% for the first 12 months
- Regular APR: 17.99%, 22.99%, or 27.99% Variable
- Annual fee: $0
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $40
- Balance Transfer fee: $5 or 3%
- Best for: Travelers
Pros include the following:
- The card charges no annual fee.
- The card offers multiple bonus categories.
- It provides a welcome bonus of 30,000 points.
- It provides cell phone insurance.
- The card does not require reward caps.
Cons include the following:
- The card does not offer more premium perks like free checked bags.
- It does not offer a free anniversary night.
- The card does not offer access to airline or hotel transfer partners.
Bilt World Elite MasterCard®
Bilt World Elite MasterCard is one of the best cards for travel rewards. The card charges no annual fee or foreign transaction fee. It offers 1x points on rent payments with more than 50,000 points yearly without the transaction fee. Also, you can get 2x points on travel, 3x points on dining, and 1x points on other purchases.
With travel benefits, you can get protection from trip cancellation and interruption, trip delay reimbursement, and auto rental collision damage waiver without a foreign currency conversion fee. The card offers a 24/7 reservation concierge and Door Dash discounts with dining benefits.
To qualify for the card, you must have a credit score ranging from good to excellent. Also, you must provide proof of personal earnings of $80,000. The card offers its lowest APR of 0% for the first 15 months from the account opening date. After that, you must maintain a regular APR of 19.24%, 22.24%, or 27.24% Variable.
Other than that, you can get some additional benefits and features, such as $600 for cell phone protection if you pay your monthly cell phone bill on time with your Bilt World Elite MasterCard. Also, you can avail of the purchase security if your items get stolen or damaged.
Features of Bilt World Elite MasterCard® are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: 1x to 3x points
- Welcome Bonus: N/A
- Intro APR: 0% for the first 15 months
- Regular APR: 19.24%, 22.24%, or 27.24% Variable
- Annual fee: $0
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $40
- Balance Transfer fee: $5 or 3%
- Best for Travel Rewards
Pros include the following:
- The card offers rewards on rent.
- It does not charge any annual fee.
- The card does not charge a foreign transaction fee.
- You can transfer your reward points to partners.
- The card offers multiple insurances and protection programs.
Cons include the following:
- The card offers rewards to consumers with 5 card transactions monthly.
- The rewards, except rent, are lower than other credit cards.
- It offers a high range for regular APR.
Hotels.com® Rewards Visa® Credit Card
Hotels.com Rewards Visa Credit Card is best for free hotel nights. The card’s annual percentage rate ranges from 17.99% to 25.99%, Variable for purchases, balance transfers, and cash advances. The card does not charge any annual fee or foreign transaction fee. But you have to pay $40 or more for late payments.
The balance transfer fee charged by the card is $5 or 3%, and the cash advances fee is $10 or 5%. You can get 2 reward nights after spending $1,000 on all purchases within the first 3 months. And also get an additional reward night worth $125 after spending $4,000 within the first 6 months.
The card offers stamps on your spending that you can redeem and get reward nights. You can get 1 stamp on your $500 spending or after staying at any hotel booked by Hotel.com Rewards Visa Credit Card. When you collect 10 stamps, the card will provide you with 1 reward night that you can use for any future hotel booking.
The card offers a $600 cellular Telephone protection if your cell phone gets theft or damaged but does not mysteriously disappear. You can avail of this protection only if you pay your cell phone monthly bills with your Hotel.com Rewards Visa Credit Card.
Features of Hotels.com® Rewards Visa® Credit Card are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: 1 Stamp after the spending of $500
- Welcome Bonus: Three Reward Nights
- Intro APR: N/A
- Regular APR: 17.99% – 25.99% Variable APR
- Annual Fee: None
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $40
- Balance Transfer fee: $5 or 3%
- Best for Free Hotel Nights
Pros include the following:
- The card does not charge any annual fee.
- It offers first-tier elite status that enables users to get enhanced benefits.
- The card provides cell phone protection.
- It does not charge a foreign transaction fee.
Cons include the following:
- The card has complex rewards structure than other rewards cards.
- Its reward certificate redemption is not eligible for all hotels.
- To get more value, users must maximize the value of reward nights.
Wells Fargo Business Elite Signature Card
Wells Fargo Business Elite Signature Card is considered the best card for flexible rewards. It is a great option for business owners interested in earning valuable rewards, wanting to control their spending, and businesses that need the best customer service.
The card offers intro cash back bonus of $1,000 after spending $25,000 within the first 3 months. With the cashback program of the card, you can get 1.5% cash back on each dollar you spend on eligible purchases. You can get your cash back bonus through a credit statement, checking, or saving accounts in quarterly transfers.
The card does not charge a foreign transaction fee or penalty, but you must pay a $125 annual fee after the first year. The card reward program provides 1 point on each dollar, and you can redeem your points for airline tickets, gift cards, and merchandise. With online redemption, you can get 10% points credit.
Features of the Wells Fargo Business Elite Signature Card are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: 1.5% cash back
- Welcome bonus: $1,000 cashback bonus
- Intro APR: N/A
- Regular APR: 10.24% variable APR on purchases
- Annual fee: $125 annual fee (waived the first year)
- Foreign Transaction Fee: None
- Balance Transfer fee: $5 or 3%
- Late Payment Fee: $25 to $75
- Best for Flexible Rewards
Pros include the following:
- The card offers amazing benefits, such as travel insurance.
- The card does not charge a foreign transaction fee.
- It offers a welcome bonus of $1,000 cashback to new customers.
- You can get 200 no-extra-price employee cards.
Cons include the following:
- The card charges $125 for an annual fee you will pay after the first year.
- The card does not offer high rewards compared to other rewards cards.
- You can get your cash backs in quarterly transfers.
- The card charges a late payment penalty of $25 or $75.
Wells Fargo Business Platinum Credit Card
Wells Fargo Business Platinum Credit Card is one of the best credit cards for earning bonus points with spending. It is the best choice for businesses that are earning an annual $2 million, wants to earn cashback or rewards points, and want to manage their daily business expenses.
The card offers a welcome bonus of $300 cash back or 30,000 bonus points to its new customers with its Business Card Rewards Program. There is no annual fee for Wells Fargo Business Platinum Credit Card. Also, you can get more than 99 employee cards without additional fees.
Users can get 1.5% cashback on all eligible purchases. Also, the card offers 1 point on every dollar and 1,000 bonus points on spending a minimum of $1,000 on all purchases. Moreover, the lowest introductory APR is 0%, eligible for 9 months. After that, you must maintain your regular APR between 14.24% to 24.24% variable.
The card offers additional benefits such as Zero Liability Program, fraud monitoring, visa purchase security, overdraft protection, auto rental and travel accident insurance. With Zero Liability Program, you can get protection from unauthorized ATM transfers or purchases made with your credit card.
Features of Wells Fargo Business Platinum Credit Card are as follows:
- Recommended Credit Score: 700 to 749 (Good to Excellent)
- Rewards rate: 1.5% cashback
- Welcome Bonus: 30,000 points
- Intro APR: 0% for the first 9 months.
- Regular APR: 14.24% to 24.24% variable
- Annual fee: $0
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $40
- Balance Transfer fee: 4% or $10
- Best for: Bonus Points with Spending
Pros include the following:
- The card does not charge any annual fee.
- The card offers a welcome bonus of 30,000 points to new customers.
- You can customize your Choose-your-adventure rewards.
- It does not have a foreign transaction fee.
Cons include the following:
- The card does not offer bonus points compared to other reward cards.
- Customers can have difficulty optimizing the rewards structure.
- It charges a balance transfer fee of 4% or $10 for each balance transfer.
FAQs
Now that you have read about Wells Fargo credit cards let us look at some related questions.
Which Wells Fargo credit card Is the best?
Wells Fargo offers multiple credit cards for different people, such as small business owners, consumers, and college students. All the cards offer attractive benefits and rewards such as cash points, cashback, stamps, and flexible APR terms.
Choosing the best Wells Fargo credit card depends on your financial goals and personal spending habits. You can consider the Wells Fargo Active Cash® Card if you want cashback. If you want a good intro APR offer, you can apply for the Wells Fargo Reflect® Card.
Which Wells Fargo Card Is Easiest to Get?
Wells Fargo Credit Cards require a good to excellent credit history and score. To apply for a Wells Fargo Credit Card, you must have a good to excellent credit score of 670 or above. If your credit score is fair or low, building your credit first and then applying for the card is good.
If you are a small business owner, you can apply for the Wells Fargo Business Secured Credit Card. This card requires consumers to deposit if they want to open a Wells Fargo account. Currently, there is no consumer-secured card of Wells Fargo, so if you are looking for a secured card, you should explore other options.
What Are the Types of Wells Fargo Credit Cards?
Wells Fargo issues business secured cards and Visa cards. All Wells Fargo credit cards offer cashback rewards, cash points, and secured card options for businesses, consumers, and students.
The general categories of Wells Fargo Credit Cards are as follows:
- Balance transfer credit cards
- Co-branded cards
- Student credit cards
- Small business cards
- Secured credit cards
- Cashback
- Flexible points
Is a Wells Fargo Credit Card Right for Me?
Wells Fargo offers multiple credit cards for different people, such as small business owners, consumers, and college students. All the cards offer attractive benefits and rewards such as cash points, cashback, stamps, and flexible APR terms.
Users can maintain their balance transfers and purchases in the introductory APR period of 0%. Also, they can use their cashback or rewards points in numerous ways and redeem them to get additional benefits. The benefits and rewards of Wells Fargo credit cards depend on your selection.
Following are some benefits that you can get from credit cards:
- Free FICO score
- Auto rental collision damage waiver
- Cell phone insurance
- Trip cancellation protection
- Lost luggage reimbursement
Although, the Wells Fargo consumer credit cards do not charge an annual fee. However, you can face a late payment penalty of $40 or more or a foreign transaction fee of 3% for international goods transfers.
What Credit Score Do I Need to Qualify for a Wells Fargo Credit Card?
Wells Fargo cards are eligible and beneficial for consumers, college students, and small business owners. Whoever has a good credit score of 670 or above can apply for Wells Fargo Credit Cards. The company does not have secured cards for consumers, but you can get a business-secured credit card.
The company requires your good to excellent credit score of 670 or more. Otherwise, you will not be eligible for a credit card with a fair or low credit score. However, the card is a good option for college students to build their credit with the student credit card of Wells Fargo.
You must provide the following details from your personal and impersonal information to apply for a Wells Fargo credit card:
- First and last name
- Address
- Email and phone number
- Social Security number (SSN)
- Date of birth
- Mother’s maiden name
- Country of citizenship
- Housing status
- Monthly mortgage or rent payment
- Employment status and occupation
- Employer name and phone number
- Years at current employer
- Total annual income
- Is any portion of your income non-taxable?
Conclusion
Wells Fargo credit cards are one of the best choices you can make as a consumer, small business owner or student. The company has issued some best credit cards that enable users to earn rewards programs through cash points and cashback. All the cards offer 0% intro APR and provide customers with flexible regular APR terms.
Some of the main requirements to get qualified for the card include 18 years of age, residence in the US, SSN, and a good to excellent credit score. Wells Fargo credit cards offer multiple perks and benefits such as Cell Phone and Overdraft protection, Zero Liability Program, and many more.
To get more out of Wells Fargo’s banking service and financial services and products, you can call 1-800-642-4720. The customer service of Wells Fargo is available 24/7, so you can get all types of company-related details from their provided representative.
