What is the Wells Fargo Propel credit score requirement?

You can use your Wells Fargo Propel 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.

You can redeem your points online or by phone.

To redeem online, log in to the Wells Fargo Rewards portal and click “Use” then, select the type of redemption you want.… read full answer

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.

Wells Fargo credit card limits range from $500 for the Cash Back College Card to $5,000 for the Visa Signature card. Other Wells Fargo cards fall somewhere in the middle. The Wells Fargo Cash Wise Visa and Platinum Visa offer $1,000 minimum credit limits, though some cardholders have reported receiving starting spending limits as high as $2,500 with the Platinum Visa card. The Propel American Express travel card has a minimum $1,500 starting credit limit.… read full answer

It’s important to remember that these are the lowest credit limits you’ll start out with if you’re approved for an account. You could receive a higher limit. And the actual limit you’ll receive is based on your credit history, income, employment status, level of debt and more. Unfortunately, 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.

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.

People with bad credit can get high credit limits with the Wells Fargo Secured Card, but they’ll have to put up an equally high amount of money as collateral. With secured cards, your credit limit is determined by the amount of your security deposit. The Wells Fargo Secured Card requires a minimum deposit of $300 to open the account. You can increase your credit limit with additional deposits up to $10,000. The deposit is fully refundable when you close the account with a zero balance.