How can I redeem my Wells Fargo Active Cash card rewards?

To get the Wells Fargo Active Cash Card sign-up bonus, you must spend $1,000 within the first 3 months of opening an account. The Wells Fargo Active Cash bonus is $200 cash rewards.

Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Wells Fargo Active Cash, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.... read full answer

In addition to the sign-up bonus, the Wells Fargo Active Cash offers 2% cash rewards on purchases. Its annual fee is $0, and you need good credit to get approved for the card.

Wells Fargo points are worth 1.03 cents per point, on average. The value of Wells Fargo points depends on which Wells Fargo credit card you have and how you choose to redeem the points. For example, points from Wells Fargo are worth up to 1.13 cents each when redeemed for travel through the Wells Fargo Rewards program, and they are worth 1 cent each when redeemed for cash back. ... read full answer

Wells Fargo Points Value by Redemption Method

Popular Wells Fargo Credit Cards

• Wells Fargo Rewards® Card
• Wells Fargo Visa Signature® Card
• Wells Fargo Business Platinum Credit Card
• Wells Fargo Business Elite Signature Card

Tips for Maximizing the Value of Wells Fargo Points

Redeem Points for travel.

Wells Fargo points are worth the most when redeemed for travel.

Redeem Wells Fargo points regularly.

Wells Fargo points expire after 5 years they’re earned, so make sure to redeem yours more often than that.

Keep your account in good standing.

If Wells Fargo closes your account because of a failure to pay the bill or fraudulent activity, you’ll lose any unredeemed points you have saved. Similarly, if your account is open but delinquent, you won’t be able to earn or redeem points until you catch up on payments.

Redeem before closing your account.

Any points you don’t redeem before closing your account will be lost.

Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000. More specifically, the Wells Fargo Active Cash® Card, the Wells Fargo Reflect, and the Wells Fargo Autograph℠ Card offer a minimum credit limit of at least $1,000.

What you need to know about Wells Fargo credit card limits:... read full answer

• Wells Fargo starting credit limit: It’s important to remember that $1,000 is the lowest credit limit you’ll start out with if you’re approved for an account. However, you could receive a higher limit.
  
  The actual limit you’ll receive is based on your credit history, income, employment status, level of debt, and more. But you won’t know how much your credit limit will be until you’re approved. Wells Fargo does not publicly disclose its maximum credit limits.
• Credit limit increase: If you accept the initial Wells Fargo credit limit offer, you can request an increase in your credit limit after at least six months of timely payments. Also, after six months, Wells Fargo may review your account for an automatic increase.

Eligibility is based on things such as payment history and your total amount of debt. But there’s no guarantee when, or if, an automatic increase will occur. An automatic increase uses a soft inquiry, which means your credit score is not affected.

Ultimately, if you’re not a Wells Fargo loyal customer, you can check our editors’ latest picks for the best high limit credit cards on the market to weigh your options.