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Wells Fargo Rewards Card Review

For those who prefer miles over cash

About.com Rating 3 Star Rating


In addition to cash, you have the option of redeeming your points for airline miles. But watch out for the restrictions and fees.

Who the Wells Fargo Rewards Card Is For

  • Wells Fargo customers who want a credit card to help them earn airline miles.

Credit Rating Required

  • Fair and up (660+).

About the Wells Fargo Rewards Card


  • Earn free airline tickets.


  • Points expire after five years.
  • Rewards are capped at 120,000 points annually.
  • $24 processing fee charged for each airline ticket.


  • One point per dollar on all purchases.


  • 0% on purchases and balance transfers for first six months, then 11.15% to 23.15% depending on your credit history.


  • No annual fee.
  • Balance transfer fee: 3% of balance during introductory period, otherwise 5%.
  • Late payment fee: Up to $35.
  • Returned check fee: Up to $35.

Wells Fargo Rewards Card Review

Wells Fargo has two very similar rewards cards. This one, which pays in points, and the Wells Fargo Cash Back Card, which pays in cash back This card gives you the option of using your rewards points for cash and other things like airline miles.

You earn one point for every dollar. Points are worth a penny, so, for example, you'd need a minimum of 25,000 to get a $250 airline ticket. That also is the minimum number of points you need to redeem for a plane ticket, regardless of how much it costs.

There is a $24 processing fee for each airline ticket you redeem. Tickets are non-refundable, non-transferable and non-changeable once you book them.

Points are capped at 120,000 per calendar year and they expire after five years.

You can also earn up to 16 bonus points per dollar when you shop at over 700 merchants at the Earn More Mall website.

The APRs are the same on this card as the Cash Back card.


I recommend the Wells Fargo Cash Back Card over this one. Cash is always easier and less complicated than points, and there's no limit on how many rewards you can earn and they don't expire, which isn't true of this card. The Cash Back card also isn't loaded with restrictions, as this card is.

However, the Bank of America Cash Rewards Visa Card is a much better alternative to either Wells rewards card. You earn 1% back on all your spending, plus you now earn 2% on gas and 3% on groceries. You also get a $50 cash bonus if you spend just $50 in the first 60 days you have the card.

If you have a home mortgage with Wells Fargo, you might be interested in the Wells Fargo Home Rebate Card. You earn 1% back on your spending, credited to your Wells Fargo mortgage loan.

If you have poor credit or are rebuilding credit and think you need a secured card, check out the Wells Fargo Secured Credit Card. It's one of the best secured credit cards on the market.

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