Wells Fargo today has a reputation built on more than 150 years of banking and customer service history. The bank’s credit card portfolio features something for nearly every credit card user, including cash-back and points-based rewards programs as well as 0% introductory APR offers and more. When it comes to redeeming rewards, Wells Fargo allows cardholders to use their points to purchase numerous products and services as well as the option to redeem their cash rewards as withdrawals at Wells Fargo ATMs throughout the country.
Plus, Wells Fargo is one of few issuers that provides cellular telephone protection as part of its personal credit card agreement. Just pay your cellular bill with your Wells Fargo credit card and you're covered for theft or damage (up to $600 per occurrence or $1,200 annually).
A little about Wells Fargo: Of all the banks, Wells Fargo's history is the coolest – and they've even referenced it in television commercials.
Back in 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the western United States. They offered banking — buying gold and selling paper bank drafts as good as gold — and express (rapid delivery of the gold and anything else valuable). So they were kind of like the Fed-Ex of their day. In fact, in 1861, Wells Fargo briefly took over the operations of the western part of the famous Pony Express, and throughout the 1860s, Wells Fargo became known for its stagecoach service.
The company really didn't become known as a bank, however, until the 20th century. By the 1980s, it was still a state-wide bank, in California, with its headquarters in San Francisco. But in the 1980s, even though it was only in California, it was the seventh largest bank in the nation. From there, it just kept growing.
Fun fact: As a result of Wells Fargo's deep and rich history, of which we've only scratched the surface, the bank has been saluted throughout popular culture, especially in westerns. For instance, there was a little-remembered TV series, Tales of the Wells Fargo, a western series that lasted from 1957 to 1962. And if you've ever seen the 1962 musical film, The Music Man, you're well acquainted with "The Wells Fargo Wagon" song.
Headquartered in San Francisco, it is the 10th largest public company in the world and simply a very large bank. It employs 260,000 and has 7,400 locations and more than 13,000 ATMs. It also seems to be trying to be a force of good. The respected nonprofit Points of Light put it in its "top 50 most community-minded companies" list in 2019.
So that might make you feel pretty good about applying for one of Wells Fargo's credit cards, of which they have many.
CardRatings has named several Wells Fargo credit cards to its best credit cards of 2020 lists, including:
Like any good bank that wants to make sure that no customer is left out, Wells Fargo has pretty much every type of credit card imaginable under the sun. If you're looking to build credit, Wells Fargo can help you out. If you're in need of a credit card that will let you do a balance transfer without spending a fortune, Wells Fargo is there for you. Are you interested in a cash back credit card? One that offers a lot of rewards? No annual fee? Wells Fargo has it.
The Wells Fargo Propel American Express® card (This card is not currently available on CardRatings) is a great example of what Wells Fargo has to offer. It offers the cardholder three points for every $1 spent on travel-related purchases including flights, hotels, gas stations, transit and car rentals. You also will get three points for every $1 spent on dining purchases, which the card refers to as "eating out and ordering in" and three points per $1 spent on popular streaming services. All other purchases are one point per $1. In other words, everything you buy, you'll get something back.
The Wells Fargo Cash Wise Visa® card (This card is not currently available on CardRatings) is also a nice addition to anybody's wallet. It's a good albeit not spectacular credit card, one that offers unlimited 1.5% cash back on all purchases - unless you buy something in the first year using Google Pay or Apple Pay, which gives you 1.8% cash back. There's also no annual fee.
Wells Fargo cards compare well against the following cards from other banks:
Both cards are great rewards cards, depending on your spending. The Citi Rewards+℠ Card offers 2X ThankYou® points at supermarkets and gas stations for the first $6,000 per year and then 1X points thereafter. You also earn 1X points on all other purchases. It also offers new cardholders 15,000 bonus points after spending $1,000 in purchases with your card within 3 months of account opening, which can be worth $150 in gift cards at thankyou.com.
The Wells Fargo Cash Wise Visa® card offers an unlimited 1.5% cash back on all of your purchases. New cardholders can earn a bonus of $150 cash rewards after spending $500 in the first three months as a cardholder. Neither card has an annual fee, so you'll need to look at your spending, and if you spend more than $6,000 per year at supermarkets or gas stations, or your spending varies outside of those categories, you might be better off with a flat rate rewards program.
Both cards are popular travel rewards cards. However, the Chase Sapphire Reserve® currently offers new cardholders a bonus of 50,000 points after you spend $4,000 on purchases within the first three months of opening an account. The Wells Fargo Propel American Express® card offers a much smaller bonus of 20,000 bonus points, which is worth $200 in cash value, after you spend $1,000 on purchases in the first three months.
Also, the Chase card ;awards three points for each dollar you spend on travel and dining purchases and one point per dollar on all other purchases, plus 10 points on Lyft rides through March 2022. The rewards program with the Propel card is a little similar, awarding three points per $1 spent eating out and ordering in; for gas station, rideshare and transit purchases; on travel purchases, including flights, hotels, homestays and car rentals; and on popular streaming services, and 1 point per $1 on your other purchases. The biggest difference between the two cards is no annual fee with the Wells Fargo card versus the Chase card's $550 annual fee.