Wells Fargo Credit Cards

Wells Fargo Financial credit card is just another name for the bank’s revolving credit cards. This covers all Wells Fargo credit cards available right now, since Wells Fargo doesn’t offer any charge cards.

Some of the confusion over the term “Wells Fargo financial card” might stem from the fact that Wells Fargo has a website by the name of wellsfargofinancialcards.com. But this appears to be an older site because it makes mention of “Cash on Demand” cards, which Wells Fargo no longer offers. Wells Fargo’s newer (or at least more high profile) site is simply wellsfargo.com. Rest assured, there’s no difference between a “financial card” and a regular credit card.

Wells Fargo Financial credit cards cover a wide range of needs, from rebuilding bad credit (Wells Fargo Secured) and earning cash back (Cash Wise Visa) to points (Wells Fargo Rewards) and avoiding interest (Platinum Visa). There’s also a travel card (Propel American Express) and a card for students with limited credit (Cash Back College Card). So there’s something for everyone and plenty of good offers to consider.

The Wells Fargo foreign transaction fee is 0% or 3%, depending on the card. The Wells Fargo Propel American Express credit card does not have a foreign fee, but all other Wells Fargo cards charge 3%. So most people with a Wells Fargo credit card or debit card will pay an extra 3% on purchases from a foreign merchant, both in-person and online. That’s why it’s best to get a Propel card for making international purchases.

The Propel Amex card has really good rewards too. It offers 3 points per $1 spent on travel, dining and transit expenses, along with 1 point per $1 on everything else. It also has a $0 annual fee. But Propel is not the only option for avoiding Wells Fargo’s foreign transaction fees. Plenty of other credit card companies, like Chase, Citi and U.S. Bank, offer cards with no foreign transaction fees. Plus, none of the cards from Capital One, Discover or USAA charge foreign transaction fees.

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 Wells 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’t check for Wells Fargo credit card pre-approval. The only way to find out if you’ve been pre-approved for a Wells Fargo credit card is to receive an offer in the mail. If you get such an offer, it means Wells Fargo has done a soft inquiry on your credit history and determined that you’d be a good candidate for the card they mailed you about. Pre-approval doesn’t guarantee your application will be successful. But it does mean you have extremely good odds.

If you’ve received a Wells Fargo pre-approval offer, it will include a unique code. To respond, just go to the Wells Fargo credit card page, click “Respond to an Offer,” and enter your code.

And if you haven’t received a pre-approval offer, you can still estimate your chances of success before actually applying.

Here’s what you should know about Wells Fargo Credit Card pre-approval.

• Wells Fargo will look at a combination of your credit history, income and other debts to determine whether to approve you for a card. You can stay on top of your credit score with WalletHub’s free daily updates.
• Some cards may simply be out of reach, depending on your credit standing. For example, you need good credit or better to get the Wells Fargo Propel American Express® card or Wells Fargo Cash Wise Visa® card. If you have bad credit, the Wells Fargo Secured Card is your best shot at approval.
• One of the best ways to improve your chances of approval is to boost your credit score. You can do this by paying down your debt, making your monthly payments on time, and using less of your available credit. WalletHub’s personalized credit analysis will tell you exactly what to do.
• If you already have a Wells Fargo credit card, credit reallocation may help you get a new one. Reallocation lets you shift some of your credit limit from an existing Wells Fargo card to a new Wells Fargo card. You can’t shift your entire credit limit, and it’s not guaranteed to get you approved for a new card, but it can’t hurt. To ask about credit re-allocation, call 1800-642-4720.

There’s no way to check for Wells Fargo credit card pre-approval. But if you know your credit score, and what type of card you want, you should be able to get a ballpark sense of your approval chances.

To get a Wells Fargo credit card, you must be at least 18 years old and have a steady source of income. You’ll need to at least be able to pay the Wells Fargo Secured Card’s $300 security deposit, plus its monthly bills and your other expenses. That’s the easiest Wells Fargo credit card to get, available even to people with bad credit. All of the others require good/excellent credit for approval.

You can apply for a Wells Fargo credit card online, at a branch or by using the return envelope enclosed in a mailed offer. Unfortunately, you won’t be able to apply for a Wells Fargo card by phone. Well-qualified online applicants may receive instant approval. Otherwise, you will receive a decision within 5 to 7 business days and get your card in the mail 7 to 10 business days after that. You cannot get expedited card delivery.

But those are just the basics. If you really want to get the right Wells Fargo credit card for your needs, your first step should be checking your credit score. Once you’ve got a sense of which Wells Fargo credit card(s) you’re likely to qualify for, the next step is to narrow down your options based on rewards, rates, and fees. Which you should focus on depends on how you plan to use the card. In general, rewards cards are best for people who pay in full every month; 0% cards are best for carrying a balance for a limited time, and no annual fee cards are best for light-spenders or infrequent use.

Here is how to get a Wells Fargo credit card:

1. Check your latest credit score to find out which cards you’re most likely to be approved for.
2. If you received a pre-approved offer in the mail, you can respond by mail or online.
3. If you weren’t pre-approved, start an application online or by visiting a branch. 
4. Be sure to enter all information asked, including income, employment status, housing status, etc.
5. If you aren’t approved immediately, wait 5 to 7 days for a decision letter by mail along with information about your credit report and Wells Fargo’s privacy policy.
6. If you’re approved, wait 7 to 10 business days from your approval date to receive your card.

Wells Fargo does not allow you to check for pre-approval online. You can only find out if you’re pre-approved through an offer in the mail with a special code. You can respond to the offer by return mail. You can also click the “Respond to an Offer” link on the Wells Fargo credit card page using your pre-approval code. Pre-approval doesn’t guarantee your application will be approved, but your chances are good.

If your Wells Fargo credit card application is denied, you have the option to request a reconsideration. This gives you the opportunity to correct or remove any incorrect information from your credit report that may have influenced the issuer’s decision to deny. You can contact the Wells Fargo Credit Card Reconsideration Department at 1 (866) 412-5956 from 9 a.m. to 9 p.m. Monday till Friday and 1 (800) 1 (800) 967-9521, from 8 a.m. to 7 p.m. on Saturdays.

To add a Wells Fargo authorized user, just log in to your Wells Fargo account at wellsfargo.com, go to the Credit Card Service Center on the Account Services tab and click the Additional cardholders for your account link under the Request Credit Card features heading.

Remember that you are responsible for all charges made to the card. Hope this helps!

You can check your Wells Fargo credit card application status online or by calling 1-800-967-9521. If you’re already a Wells Fargo customer, all you need is your username and password. If not, you’ll have to provide your last name, birthdate, Social Security number and the access code that Wells Fargo emailed you when you applied. If you prefer to call over checking your status online, the phone line is open 24/7.

It should only take a few minutes to check your status and find out whether your application is approved, denied or still pending. You should get a final decision within 7 business days of applying. Approved applicants will get their card within 10 business days of approval. You can learn more below.

How to check your Wells Fargo credit card application status:

• By Phone: Call 1-800-967-9521 between 5:00 AM and 7:00 PM, Monday through Friday. When prompted, say, “Check the status of my application.” Then, enter your Social Security number.
• Online: Use Wells Fargo’s application status webpage. You can check your status using your Wells Fargo login credentials. Or, you can use your last name, date of birth, Social Security number and an access code that Wells Fargo will email you when you first apply.
• Email: Simply click “Check Your Application Status Now” in one of the emails you’ve received from Wells Fargo.

If your application is approved, your card should arrive within 10 business days of the decision being reached. However, if Wells Fargo denies your credit card application, you will receive a letter explaining why. If you believe the rationale doesn’t really apply to you, you can request reconsideration by calling 1-800-869-3557. But this is a long shot.

You can get a Wells Fargo credit limit increase by calling customer service at 1-800-642-4720. There is no option to request a Wells Fargo credit limit increase online. It’s best to not make a request until you’ve had your card for at least 6 months, and only if you’ve paid your bill on time every month. It’s also good to use your card on a regular basis. If Wells Fargo sees little activity, they may not see a reason to increase your limit.

If you ask for a Wells Fargo credit limit increase, Wells Fargo may do a hard pull of your credit, which will temporarily lower your score. But they’ll sometimes do just a harmless soft pull, especially with older accounts and when Wells Fargo offers an increase without you asking. Besides, getting more credit can be good for your score in the long run.

Here’s how to get a Wells Fargo credit limit increase:

1. Call Wells Fargo customer service at 1-800-642-4720.
2. Say or enter your credit card number to be connected to a representative.
3. Tell the representative you’d like a credit limit increase.
4. Answer the representative’s questions about your credit and income.
5. Give the representative permission to do a hard pull of your credit, if needed.

You won’t always have to ask for a Wells Fargo credit limit increase to get one. Wells Fargo will periodically review your account to see if you’re eligible, using only a soft pull of your credit. And if they like what they see, they may just raise your limit.

Wells Fargo gives a $150 bonus for spending $500 in the first 3 months with the Wells Fargo Cash Wise Visa Credit Card. The Wells Fargo Everyday Checking Account has previously offered a $200 sign-up bonus. But the most recent $200 promotion expired on February 28, 2019. That offer required new customers to open an account online, deposit at least $25, and then continue to meet specific minimum deposit requirements. But the offer was not available to everyone. It was targeted by city and only confirmed to work in Dallas, Orlando and Phoenix.

Wells Fargo’s $200 bonus for new checking account customers was replaced by a $400 bonus. This offer is targeted to people who live in Dallas, Denver, Houston, Miami, Orlando, Phoenix, Seattle and Washington D.C. People in those cities are eligible to earn the $400 bonus if they open a new EveryDay Checking account by November 27, 2019.

To open the account, you will have to deposit a minimum of $25. To earn the bonus after that, you need to have at least $3,000 in direct deposits to the account each month for three months in a row. The time limit is 150 days after the account opens. Once you meet the direct deposit requirement, Wells Fargo will deposit the $400 bonus into your account. They will do this within 45 days.

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.