The best Wells Fargo cash back credit card is the Wells Fargo Cash Wise Visa Card because it offers 1.5%+ cash back on all purchases and has a $0 annual fee. It even gives 0% intro APRs to new cardholders. These features make Cash Wise an attractive card all-around.
The only other Wells Fargo cash back credit card is the Wells Fargo Cash Back College Card, which offers 3% cash back on up to $2,500 spent on gas, grocery and drugstore purchases during the first 6 months. It gives 1% cash back on everything else and has no annual fee. It also offers 0% for 6 months on purchases and 0% for 6 months on balance transfers. The rest of Wells Fargo’s rewards credit cards give you points.
Cash back rewards do not expire as long as your account stays open. That’s the good news. The bad news is there aren’t any card options for people with fair, bad or limited credit, other than the Cash Back College Card. This card is available to students with limited credit.
If you’re in one of those groups, you may want to try cards from other issuers. Capital One’s QuicksilverOne card gives 1.5% cash back and only requires fair or limited credit. And the Discover it Secured card allows people with bad credit to earn up to 2% cash back.
The standard Wells Fargo cash advance fee is $10 or 5% of the cash advance amount, whichever is greater. Wells Fargo’s cash advance APR is currently between 26.24% and 28.24%. The exact rate depends on your overall creditworthiness at the time you’re approved for an account. But those terms are the same for all … read full answerWells Fargo credit cards.
Given the high costs, you should avoid cash advances. But it’s still worth knowing how to perform such a transaction and how much it will cost should you need to get one in an emergency. And the first step in being able to do a Wells Fargo cash advance is requesting a PIN from customer service.
To get a Wells Fargo cash advance PIN, call customer service at 1 (800) 642-4720. After that, you’ll be able to take out up to $500 in cash per day from your line of credit, up to your cash advance limit.
If you have a Wells Fargo checking account, you can link it to your credit card as overdraft protection. If your bank account balance dips below zero, you’ll get a cash advance from your credit card to cover transactions. But this isn’t a great option. You’ll pay a $12.50 fee for advances under $50, and $20 for anything above. Plus, the same high cash advance APR applies right away.
At the end of the day, a Wells Fargo cash advance costs too much in fees and interest to be a good option for convenient cash. But if you do one, make sure to repay your balance as soon as possible. Unlike purchases, cash advances do not come with any grace period. Interest starts accruing as soon as you make a withdrawal, so repaying your advance as soon as possible will save you money.
You can use Wells Fargo rewards points for travel, cash back, gift cards, or merchandise. Wells Fargo rewards points are typically worth 1 cent each, depending on how they’re used. Wells Fargo also requires rewards point redemption in increments of $20 or $25, depending on the redemption method. Newly earned Wells Fargo rewards points are available to redeem the day after your billing cycle ends. Points don’t expire as long as your account remains open, and you can save up as many as you want. … read full answer
There are three ways to redeem Wells Fargo points: online, by phone, or through a Wells Fargo ATM. To redeem online, log in to the Wells Fargo Rewards portal and click “Use” then, select the type of redemption you want. If you prefer to redeem by phone, call 1 (877) 517-1358. These two methods require you to redeem points in $25 increments if you want gift cards or cash back. The cash back options are a check, a direct deposit, or a statement credit toward a Wells Fargo account balance. For travel and merchandise, you can redeem points up to your available rewards balance, regardless of the amount. To redeem points for cash back at Wells Fargo ATMs, enter your PIN, and choose the rewards option. Then, select an amount in multiples of $20 (2,000 points).
You can earn Wells Fargo rewards points –officially called “Wells Fargo Go Far Rewards” points – with three cards: the Wells Fargo Propel American Express Card, the Wells Fargo Rewards Card and the Wells Fargo Visa Signature Card. Keep in mind that transactions such as cash advances and balance transfers do not earn rewards points – only purchases do.
You’ll get the best value for your Wells Fargo rewards points if you spend them on travel, cash, statement credits, or gift cards. You may even be able to catch the occasional sale on gift cards and get them for fewer points than normal.
It's the Wells Fargo Cash Wise Visa if you have a score of at least 700 and the Wells Fargo Cash Back College Card if you're just starting & having no credit.
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