Credit Cards

The 4 Best Wells Fargo Credit Cards of 2019


The 4 Best Wells Fargo Credit Cards of 2019 04.10.2019Leave a comment
The 4 Best Wells Fargo Credit Cards of 2019

When talking about credit cards, there are always from 10 to 15 strong brands that come to mind. Among them are American Express, Citi, Chase, Barclays US, Wells Fargo, etc. In this article we will focus on the latter.

Wells Fargo and Company or simply Wells Fargo is an American multinational company, specializing in the delivery of diverse financial services.

Headquartered in San Francisco, USA it was founded in this city more than 160 years ago.

Wells Fargo Credit Cards

Even though the credit card line-up of Wells Fargo is currently composed of only 7 types of cards, each comes with different characteristics. Therefore, the probability that you will find a credit card that perfectly meets all your needs and requirements is quite high.

Wells Fargo credit cards are grouped in 5 major categories:

  • Cash back
  • Rewards
  • Balance transfer
  • Build credit
  • No annual fee

While looking at the proposals in each category, you might come across with the same credit cards more than once. For example, Wells Fargo Cash Wise Visa Card will appear both in Cash back and Transfer balance categories.

Wells Fargo Cash Wise Visa Card
Wells Fargo Cash Wise Visa Card

Moreover, you might notice that all the Wells Fargo credit cards come with no annual fee, except for Secured Credit Card. Therefore, you don’t have a problem of calculating whether the card will be paid off, because, as a matter of fact, it is free.

There is also one more major perk, which comes with all Wells Fargo credit cards, which is Mobile Phone Protection. Due to this insurance, every Wells Fargo credit card holder can receive up to $600 coverage against damage or theft of the mobile phone. In order to benefit from this, you just have to pay your monthly phone bill via a Wells Fargo. Also, keep in mind that you will face a $25 deductible in case of a claim. This is actually quite a useful perk, that can save you a lot of money in case of damage or theft of your phone. The only disincentive is the actual procedure of initiating the claim. Here you will face a quite complicated paperwork. Nevertheless, I believe, it is still a great competitive advantage to take into account, while considering a Wells Fargo credit card.

Now we can move to discussing Wells Fargo credit card line-up in more detail.

Wells Fargo Propel American Express Card

This card has appeared on the Nerdwallet list of Top 10 credit cards of 2019. So let’s see what this card stands out for. First of all for its practicality of usage. For a no-annual-fee card Propel American Express comes with pretty good benefits, for almost all your purchases.

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Benefits

With this card you will be able to collect 3x points for all your purchases in categories like dining out or ordering in, expenses at gas stations, travel spendings including flights, hotels, rentals, etc, paying for popular streaming services. Also, you will get a 1x point for all other purchases. If you don’t have a specific category of expenses and you don’t want to have separate credit cards for different categories, this is the ultimate card for you.

Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card

Wells Fargo Propel American Express Card also gives the opportunity of benefitting from a fine sign-up bonus of 30,000 points, which has a $300 cash redemption value. To get the sign-up bonus you will have to spend $3,000 in purchases in the first 3 months.

Rates

The cards also come with a 0% introductory APR for the first 12 months. Afterward, a variable from 15.74% to 27.74% APR will be applied, which will be defined based on the cardholder’s creditworthiness.

Reviews

Among the cardholders, who are reluctant to keep credit cards that earn points in specific categories, this card meets high appreciation. Nevertheless, other cardholders would note that there is nothing to praise this card for, except for the fact that it comes with no annual fee. So you neither lose nor gain anything significant.

Our Verdict

Considering the fact that the annual fee is $0 and there are also no foreign currency conversion fees, Wells Fargo Propel American Express Card is worth considering while choosing an all-around card.

Nevertheless, nothing is really exceptional about this card except for mobile phone protection, which is available for all the Wells Fargo credit cards. So if you are really willing to find an exceptional deal, you might be interested in continuing your search.

Overview

Pros
3x points for purchases in different categories
$0 annual fee and no foreign currency conversion fees
30,000 sign-up bonus points, which has $300 cash redemption value, for spending $3,000 in purchases in the first 3 months
Mobile phone protection
Cons
Cards with better reward programs can be easily found
No partners in any category

Wells Fargo Platinum Card

Nowadays, credit card companies are trying to entice customers with an exceptional sign-up bonus options, the possibility of collecting miles and points, etc. While this is all quite important, there are cases where all you need from your card is to help you to take control and improve your finances. Wells Fargo Platinum Card can perfectly fulfill this mission and this is the main benefit of this card.

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Benefits

It comes with a 0% introductory APR for the first 18 months. So how can you actually benefit from it? Well, imagine that you have to make a major purchase or unfortunately you have accumulated significant debt. With Wells Fargo Platinum Card you will have one and half a year to cope with these problems. For many people, this is surely not the most exciting news, but if your financial situation is challenged, this card can be an actual lifesaver. Another perk that this card comes with  mobile phone protection and no annual fee.

Wells Fargo Platinum Card
Wells Fargo Platinum Card

Rates

Once the introductory APR period is over you might not be really happy with this card, as there is neither sign-up bonus or other benefits. Also, after 18 months a variable APR is applied, which can be fixed between 17.24% to 26.74%, based on your creditworthiness. You can also check your FICO credit score with Wells Fargo Online.

Reviews

The cardholders’ reviews are really polarized on this card. Those who are still in the introductory APR period are happy to have time to breathe and pay off their debts. But those who are using their cards for more than one and half a year feel like canceling it. The main reason is that they are holding a card, which actually earns nothing, whereas the market is abundant with different proposals of no-annual-fee cards, which come with killer rewards.

Our verdict

Wells Fargo Platinum Card is not a dream card for sure, but in the case of trouble you will have all the motivation to consider it, let alone that you actually pay nothing for holding it.

Overview

Pros
$0 annual fee
0% introductory APR for 18 months
Mobile phone protection
Cons
No rewards or benefits
After the introductory APR period, the card doesn’t suggest any perk

Wells Fargo Visa Signature Card

Wells Fargo Visa Signature is one of those cards when you really have to compare all the pros and cons before going for it. As a matter of fact, you will have a hard time pondering over it as it comes with major benefits, but for a limited time. Still, you will be motivated to keep it for a longer period. Feel puzzled? Well, let me clarify everything.

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Wells Fargo Visa Signature Card
Wells Fargo Visa Signature Card

Benefits

Wells Fargo Visa Signature Card is displayed in the Rewards category of Wells Fargo website. It comes with an outstanding bonus, as you will get 5x points earned for up to $12,500 spent on gas, groceries, and drugstore. But it won’t last long. Once the first six months are over or you reach the $12,500, you will start collecting only 1 point for each dollar spent, which is quite low and you will have 5 years at your disposal to use these points.

Nevertheless, there is wonderful news for travelers. The value of your points is increased by 50% if you redeem them to book airfare through Go Far Rewards. On Wells Fargo website the example is presented on 20,000 points, which are worth $200 in case of cash redemption and $300 for airfare redemption. So if you want to find the worth of your points for booking airfare you should divide your points by 0.015, whereas in the other cases the number should be divided by 0.01.

Moreover, if you are a cardholder of other Wells Fargo cards, who also earn points through Go Far, then you can move them to Wells Fargo Visa Signature and benefit from the exceptional redemption rate.

Also with Wells Fargo Visa Signature card, you will feel special with your access to Visa Signature privileges, which are quite impressive:

  • Price protection, which allows you to reimburse the difference if the price of your purchase dropped.
  • Auto rental collision coverage
  • Insurance in case of travel accidents
  • Extended warranty protection, which can add to your warranty period an additional coverage period
  • Possibility of getting benefits through the Visa Signature Luxury Hotel Collection.

Rates

Wells Fargo Signature card comes with a 0% introductory APR for 15 months. After that, your APR will be 14.24% to 27.24%, based on the creditworthiness.

Reviews

In general, the cardholders of Wells Fargo who travel frequently are very satisfied with their no-annual-fee card, which comes with exceptional perks for travel. Nevertheless, the rest would not recommend it, as for other purchases the card comes with quite low earning possibility after the first 6 months and no exceptional benefits, except for a couple of Visa Signature privileges.

Our verdict

For frequent travelers, this card is a definite “yes”. Actually, you lose nothing for keeping this card in your pocket, as it comes with no annual fee and during travel, you will be able to benefit from 50% increased redemption rates and perks of Visa Signature while traveling. But if you are not hitting the airport that often, we would suggest opting for another Wells Fargo credit card.

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Overview

Pros
$0 annual fee
5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases
50% value increase when the points are redeemed for airfare
Access to Visa Signature privileges
0% introductory APR for the first 15 months
Mobile phone protection
Cons
Very low 1 point per dollar earning capacity after the first six months
More travel card than rewards gaining card

Wells Fargo Cash Wise Visa Card

This card comes not only with decent cashback opportunities but also with a sign-up bonus and other perks.

Benefits

With the Cash Wise visa card you will receive a $150 cash bonus once you have spent $500 in purchases in the first 3 months. This is quite doable, so you can easily benefit from the sign-up bonus.

Regarding the cashback rate, it is also quite acceptable and equals 1.5% cash rewards for each and every purchase. One more perk will enjoy those who like making purchases with digitals wallets. During the first 12 months after opening your account, you will get 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay or Google Pay.

Wells Fargo Cash Wise Visa Card
Wells Fargo Cash Wise Visa Card

Rates

One more benefit is the introductory 0% APR period, which you can enjoy for 15 months. Afterward, the APR will vary between 15.74% and 27.74%, depending on your creditworthiness. And all of this is proposed to you with no annual fee.

Reviews

In general, this card is praised by cardholders. Nevertheless, as an inconvenience is usually noted quite high 3% foreign transaction fee, which makes Wells Fargo Cash Wise Visa Card a bad choice for travel and shopping abroad. Also, note this card calls for a $20 minimum if you want to redeem cash rewards via ATM and a $25 minimum for redemption by phone or online. So you have to wait to redeem your rewards until they’ve crossed that amount.

Our verdict

Wells Fargo Cash Wise Visa Card is surely a solid option to consider, as it comes with quite exciting cash back options, with a few additional perks, which are typical for Wells Fargo like no annual fee and mobile phone protection.

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Overview

Pros
$0 annual fee
$150 cash rewards bonus
1.5% cash rewards on purchases
1.8% cash rewards on qualified digital wallet purchases for 18 months
0% introductory APR for the first 15 months
Mobile phone protection
Cons
Minimum redemption requirements
More travel card than rewards gaining card
3% foreign transaction fee

Sum up

One can conclude that Wells Fargo credit cards are not exceptional in terms of proposed conditions. You can always find better options in the market for travel, cash back, etc.

Nevertheless, it is undeniable that almost all the cards come with some consistent benefits that are really significant like Mobile phone protection, which can be very useful and save you from very large expenses. Also keeping Wells Fargo credit card in your pocket will cost you nothing as they have no annual fee, except for Wells Fargo Secured card which comes with a $25 annual fee. If these perks are really beneficial for you, be sure that you will also be able to find a suitable card in Wells Fargo portfolio.

Even though it doesn’t seem that rich, each card is designed to meet very different needs from college students and frequent travelers to those who want to rebuild credit history, take control of their finances.

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Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

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