The
Wells Fargo Autograph® Card is a good credit card to apply for if you have a good credit score and you want to earn travel rewards and enjoy luxury hotel benefits without paying an annual fee. The card offers an initial bonus worth $200 and gives you
1 - 3 points per $1 spent on purchases. Plus, there’s no foreign transaction fee, and you get a low introductory APR. Those are all attractive features.
This offer does have some flaws, though. Like most rewards cards, it has a fairly high regular APR, which would make carrying a balance quite expensive after the 0% introductory promotion expires. It’s not a good option for balance transfers, either. Below, you can find more details that should help you decide whether to apply for the
Wells Fargo Autograph Card.
What I Like About the Wells Fargo Autograph® Card
20,000-point initial bonus
New cardholders who make
$1,000 in purchases within
3 months of opening an account will earn
20,000 points as a welcome bonus. The points, worth $200 when redeemed for cash back, are credited to your account 1 – 2 billing cycles after you meet the initial spending requirement.
3 points / $1 spent in bonus categories
The
Wells Fargo Autograph Card rewards you with
3 points / $1 spent on purchases from places like restaurants and gas stations, as well as on travel and transit expenses, popular streaming services, and phone plans. This is about 3X what the average rewards card will give you.
1 points / $1 spent on other purchases
This is the standard minimum earning rate for rewards cards. This feature could easily be in the “what I don’t like” category as a result. But it’s certainly better than nothing.
$0 annual fee
Not having to pay an annual fee saves you roughly
$27.85 per year compared to the average credit card offer, according to our database of 1,500+ offers. It also means using the
Wells Fargo Autograph Card doesn’t have to cost you a thing if you pay the bill in full every month the regular APR is in effect.
0% for 12 months from account opening on purchases (intro rate)
The average credit card offer with a low introductory APR gives that rate for
12 months. So, this aspect of the
Wells Fargo Autograph Card offer isn’t quite elite, but it’s better than no intro rate at all. The regular APR is
18.49%, 24.49%, or 28.49% Variable.
Visa Signature Luxury Hotel Collection
Cardholders enjoy benefits such as automatic room upgrades when available, complimentary in-room Wi-Fi, VIP guest status and more. These perks are available at properties that belong to the
Visa Signature Luxury Hotel Collection.
$600 in cell phone protection
If you pay your monthly cell phone bill with the
Wells Fargo Autograph Card and your phone breaks or gets stolen, you can file a claim and get reimbursed for having your phone repaired or replaced. Coverage is limited to $600, and you can file up to 2 claims every 12 months (subject to a $25 deductible each time).
What I Don’t Like About the Wells Fargo Autograph Card
High regular APR
The
Wells Fargo Autograph Card’s regular APR is
18.49%, 24.49%, or 28.49% Variable. The rate you’re assigned depends on your overall creditworthiness when you apply, but it’s likely to be higher than average in any case. Because of this, you have to pay your balance in full each month for the card to remain worthwhile. Interest doesn’t accrue when you pay in full monthly.
Good or excellent credit required
This isn’t the biggest con, considering most credit cards require good credit or better, but the offer would be even more attractive if you could get it with fair credit, too. Currently, however, we recommend a credit score of
700 or higher to have good odds of being approved. If you don’t know what your credit score is, you can check it for free right here on WalletHub.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
