Choosing the best card for Wells Fargo Rewards depends on your spending habits and what you value in rewards. Here are some top contenders.
Table of Contents:
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Topic |
Description |
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Base Value |
Each point is generally worth 1 cent. |
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Redemption Methods |
Travel bookings can increase the value to 1.5 cents per point. |
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Gift Cards |
Certain gift cards offer a value of 1.13 cents per point. |
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Card Type |
Specific cards, like the Autograph or Propel, offer enhanced value for certain redemption. |
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Maximizing Value |
Choose redemption methods that align with your preferences and spending habits. |
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Resources |
Wells Fargo Rewards website, credit card terms and conditions, online comparison tools. |
For Everyday Cash Back:
Wells Fargo Active Cash Card: Earn 2% cash back on all
purchases, with no annual fee, a simple and straightforward option for
maximizing everyday spending. Wells Fargo Land Loan
Bilt World Elite Mastercard: Requires membership in Bilt Rewards program ($295/year), but offers 2x points on rent payments, plus bonus points on travel and dining. Great for renters seeking to maximize rewards on a significant expense category.
For Bonus Rewards in Specific Categories:
Wells Fargo Autograph Card: Earn 3x points at restaurants, travel, gas stations, transit, popular streaming services, and phone plans, and 1x point per dollar on other purchases. No annual fee. Ideal for frequent travelers and entertainment enthusiasts.
Wells Fargo Propel American Express Card: Earn 3x points on car rentals and dining, 2x points on flights and hotels booked directly with airlines and hotels, and 1x point per dollar on other purchases. $95 annual fee. Geared towards travel enthusiasts and foodies.
For Wells Fargo Banking Customers:
Wells Fargo Platinum Visa Card: Earn 5x points on purchases made at Wells Fargo and its affiliates, and 1x point per dollar on other purchases. $95 annual fee. Offers additional perks like travel insurance and airport lounge access.
Wells Fargo Reflect Card: No rewards earning, but offers a low $25 annual fee and access to exclusive banking benefits like cell phone protection and purchase security. A good option for Wells Fargo customers who prioritize banking convenience over rewards.
Additional Factors to Consider:
Welcome offers: Many cards offer bonus points or cash back for meeting spending requirements in the first few months. Annual fees: Weigh the annual fee against the potential rewards value before applying. Interest rates: Choose a card with a competitive APR if you carry a balance.
Redemption options: Consider how you want to use your rewards (travel, statement credits, gift cards, etc.) and choose a card with compatible options.
Beyond Wells Fargo Rewards:
While Wells Fargo Rewards offer flexibility for redemption, you might find better value with cards offering specific rewards like travel miles or hotel points, especially if you have focused spending habits.
What is The Best Credit Card to Get with Wells Fargo?
For maximizing overall rewards:
Wells Fargo Active Cash Card: This card offers a solid 2% cash back on all purchases with no annual fee. It's a simple, straightforward option for maximizing everyday spending without having to track specific categories.
Wells Fargo Autograph Card: If you spend heavily on categories like restaurants, travel, gas, and entertainment, this card shines. You'll earn 3x points in those categories and 1x point per dollar on everything else, all with no annual fee.
For Specific Spending Categories:
Bilt World Elite Mastercard: This card requires membership in the Bilt Rewards program ($295/year), but it offers a unique twist - 2x points on rent payments in addition to bonus points on travel and dining. Great for renters who want to rack up rewards on a major expense.
Wells Fargo Propel American Express Card: For travel enthusiasts and foodies, this card offers 3x points on car rentals and dining, 2x points on flights and hotels booked directly, and 1x point per dollar on other purchases. However, it comes with a $95 annual fee.
For Wells Fargo Banking Customers:
Wells Fargo Platinum Visa Card: If you frequently use Wells Fargo services and its affiliates, this card could be worth it. Earn 5x points on those purchases and 1x point per dollar on everything else. However, it has a $95 annual fee.
Wells Fargo Reflect Card: This card offers no rewards earning but boasts a low $25 annual fee and access to exclusive banking benefits like cell phone protection and purchase security.
It's a good option for Wells Fargo customers who prioritize convenience over maximizing rewards.
Best Credit Cards for Wells Fargo Rewards Points Reddit:
Reddit is a fantastic resource for crowd sourced insights on credit cards, so you're definitely on the right track! Here's how to navigate Reddit effectively to find the best Wells Fargo rewards cards:
Sub Reddits to Explore:
Credit Cards: This is the main hub for all things credit cards. Search for keywords like "Wells Fargo Rewards" or "best Wells Fargo card" to see discussions, reviews, and recommendations from other users.
Personal Finance: While broader, this subreddit often discusses credit cards within personal finance strategies. Search for similar keywords here to get a different perspective.
How Much is 20000 Wells Fargo Points Worth?
The value of 20,000 Wells Fargo Rewards points depends on how you choose to redeem them:
Base value: Generally, each point is worth 1 cent, regardless of the redemption method. This means 20,000 points would be worth $200. Redemption method: However, some methods offer increased value:
Travel: Booking flights directly with airlines through the Wells Fargo Rewards portal can be worth 1.5 cents per point, meaning 20,000 points would be worth $300.
Gift cards: Certain gift cards can also be purchased at 1.13 cents per point, increasing the value of 20,000 points to $226.
Card type: Your specific Wells Fargo credit card also plays a role:
Wells Fargo Autograph Card: Points are worth 1.25 cents for travel booked through the portal, making 20,000 points worth $250.
Wells Fargo Propel American Express Card: Points are worth 2 cents for flights and hotels booked directly, resulting in a value of $400 for 20,000 points.
Therefore, 20,000 Wells Fargo points can be worth anywhere from $200 to $400, depending on your redemption method and card type.
Frequently Asked Questions:
How much are my specific Wells Fargo Rewards points worth?
While the base value is 1 cent per point, the actual value depends on your redemption method and card type.
Check your card's terms and conditions or browse the Wells Fargo Rewards website for redemption details specific to your situation. Remember, some methods like travel bookings can increase the value per point.
What's the best way to redeem 20,000 Wells Fargo Rewards points?
The best option depends on your priorities. If you value cash, base redemption or gift cards might be best.
If you travel frequently, booking flights directly for 1.5 cents per point offers higher value. Consider your spending habits and preferences to choose the most suitable method.
Is there a difference in point value between different Wells Fargo cards?
Yes, some cards like the Wells Fargo Autograph or Propel offer increased value for specific redemption categories like travel.
Check your card's details or compare options on dedicated
credit card websites to see how your points translate across different
redemption possibilities.