Wells Fargo points are worth 1.04 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 Go Far Rewards program, and they are worth 1 cent each when redeemed for cash back. … read full answer
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.
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
It is also worth mentioning that there are three ways to redeem Wells Fargo points: Online, by phone, or through a Wells Fargo ATM.
Here’s how to redeem Wells Fargo rewards points:
Online: 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
Phone: To redeem by phone, call (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.
ATM: 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 two cards: 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.
The Wells Fargo credit card interest rate depends on which card you get. The Wells Fargo Platinum card is one of the best financing options as it offers an introductory purchase APR of 0% for 18 months. After that, your remaining balance will accrue interest at a regular APR of 16.49% - 24.49% Variable, based on creditworthiness.… read full answer
All Wells Fargo credit card interest rates are variable, meaning they change with the market. And most are expressed as a range. The better your credit is, the better your chances of getting a lower interest rate. Keep in mind that you’ll need good or excellent credit to be approved for most Wells Fargo credit cards.
Here are the Wells Fargo credit card interest rates by card:
Wells Fargo Platinum card: 16.49% - 24.49% Variable APR; intro APR of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers. 3% intro for 120 days, then up to 5% (min $5) balance transfer fee.
Wells Fargo Active Cash℠ Card: 14.99% - 24.99% Variable APR; intro APR of 0% for 15 months on purchases and 0% for 15 months on qualifying balance transfers. 3% intro for 120 days, then up to 5% (min $5) balance transfer fee.
Wells Fargo Business Platinum Credit Card: 11.24% - 21.24% (V) APR; intro APR of 0% for 9 months on purchases and 0% for 9 months on balance transfers. Balance transfer fee: Varies — refer to specific offer details.
You always want to have the lowest interest rate possible, but that’s also assuming you’ll need to be paying interest. If you commit to paying off your card every month and not spending above your means, it won’t matter what the interest rate is. And then, when you know you have a large purchase coming up that will take time to pay off, you can get a card with a 0% APR. Just make sure you pay off the balance before the 0% APR period ends.
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