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Wells Fargo Rewards Credit Card Review

Written by Oliver Laker on March 26, 2011.

As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

  • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.

If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

Review written March 2011

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    Wells Fargo Rewards Credit Card Review

    Written by Oliver Laker on March 26, 2011.

    As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

    • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.

    If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

    Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

    Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

    That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

    There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

    The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

    This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

    Review written March 2011

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    Wells Fargo Rewards Credit Card Review

    Written by Oliver Laker on March 26, 2011.

    As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

    • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.

    If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

    Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

    Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

    That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

    There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

    The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

    This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

    Review written March 2011

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    Wells Fargo Rewards Credit Card Review

    Written by Oliver Laker on March 26, 2011.

    As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

    • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.

    If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

    Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

    Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

    That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

    There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

    The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

    This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

    Review written March 2011

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    Wells Fargo Rewards Credit Card Review

    Written by Oliver Laker on March 26, 2011.

    Wells Fargo Rewards Credit Card Review

    Written by Oliver Laker on March 26, 2011.

    As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

    • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.

    If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

    Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

    Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

    That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

    There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

    The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

    This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

    Review written March 2011

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    Share

    As a followup to my review a couple days ago of the Wells Fargo Home Rebate card, I thought it would be a good idea to check out what they claim to be their “most popular credit card” and that is the Wells Fargo Rewards card. Is it worthy of being #1? Let’s find out…

  • This credit card gives 1 reward point per dollar spent. This is across the board for all purchases – there are no bonus point categories.
  • If you also have a Wells Fargo checking account, then you can link your rewards debit card (if you have one) and your credit card points so they are combined.

    Unfortunately, their debit card only gives 1 point per $4 in spending and that only applies to signature-based transactions, NOT those where you enter a PIN. Furthermore, there is also an annual fee you may have to pay in order to earn rewards on your debit card.

    Like many credit card reward programs, Wells Fargo offers a number of different redemption options such as travel, merchandise, gift cards, and cash back. Unfortunately when you run the numbers for these, it appears you will usually be getting only 1 cent or less per value for each point.

    That means your Wells Fargo Rewards card is essentially nothing more than your typical 1% rebate card. And as a sidenote, that means your rewards debit card is earning around a 0.25% rebate. With such low rewards, it’s hard to get excited by either of them.

    There’s no annual fee and as I write this review, the interest rate ranges from 12.15% to 22.15% depending on the cardholder’s credit. The promotional signup offer for new cardmembers was only 0% for 6 months on purchases/transfers, which is definitely on the low side when you compare it to other balance transfer card deals.

    The card definitely falls short in the benefits category. I don’t see anything listed on the application page, other than the standard benefits you would expect to find like online account management,  24 hour customer service, etc.

    This review of the Wells Fargo Rewards card is so short because there’s not much to say about it! It’s a plain vanilla card anyway you look at it. I can’t figure out why anyone would bother to apply for it. Compare card reviews for rewards and you can easily find something much better.

    Review written March 2011

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