The Wells Fargo business card rewards program gives the choice of 1.5% cash back on all purchases or 1 point per $1 spent on all purchases (worth a little over 1 cent each). This choice applies to all three Wells Fargo business rewards cards: Business Platinum, Business Secured and Business Elite. Both the primary cardholder and authorized employees are eligible to earn rewards. Rewards are automatically credited to your account every quarter. If you choose the cash back option, you can redeem it as statement credit or bank deposit. If you choose points, they’re redeemable for travel, gift cards, merchandise, charitable donations and more. You get the highest value on points redeemed for travel and the least on merchandise. You must enroll in these rewards programs to take advantage of them, but doing so is free.
The best Wells Fargo credit card promotions available right now are a $150 cash bonus from the Wells Fargo Cash Wise Visa card and a bonus of 30,000 points with the Wells Fargo Propel Amex card. To get the Cash Wise bonus, spend just $500 in the first three months after opening an account. The Propel card requires spending $3,000 in the first three months to qualify for its bonus.… read full answer
Other Wells Fargo credit card promos include extra rewards on certain spending categories. For example, both the Wells Fargo Visa Signature card and the Wells Fargo Rewards card give 5 points per $1 spent for six months on up to $12,500 in gas, grocery and drugstore purchases. After that, it’s 1 point per $1 spent. These two cards also come with a 0% APR for 15 months on purchases and balance transfers.
The Wells Fargo Platinum Visa has the best introductory APR offer. For purchases, it’s 0% for 18 months. For balance transfers, it’s 0% for 18 months on qualifying balance transfers. The transfer fee is 3% for 120 days, then 5%.
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.
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