Wells Fargo Rewards® Card Review
March 24, 2020

Best for: Individuals looking to jumpstart rewards earnings, make a big purchase or pay off a debt with a low cost, no-frills card
The Wells Fargo Rewards® Card is by no means flashy. There are plenty of rewards cards available that earn more points, can generate more rewards and provide more perks. However, a lot of those same cards require long-term commitment and high annual fees to unlock their benefits.
Conversely, if your financial goals are more modest — a one-time purchase within a singular timeframe or a balance transfer with time to pay it down — then you might not require anything too flashy. With an attractive introductory offer, no annual fee and a straightforward rewards program, the Wells Fargo Rewards Card might be exactly what you need.
The basics
Standout features
Best way to use this card
Although the Wells Fargo Rewards Card doesn’t offer anything unique when compared to several other cards, it does provide three helpful features for the right cardholder.
First is the introductory 0% APR for 15 months. Yes, many other cards advertise similar offers, but few feature the 15-month timeframe. Should you plan on making any large purchases, this is a card worth considering.
The 0% APR for 15 months offer extends to balance transfers as well. It’s worth noting that you will need to make any transfers within 120 days of opening your account to qualify for the introductory APR. Balance transfers also carry a 3% transfer fee ($5 minimum). Should you wait to transfer a balance after 120 days, the fee increases to 5% per transfer ($5 minimum). In spite of the fees, if you’re looking to buy yourself some time to pay down a substantial debt, it’s hard to argue against having nearly a year and a half to do it.
Second, the Wells Fargo Rewards Card is very much about timing. To make the most of the six-month 5x points introductory offer, you’ll want to acquire the card when you know your gas, grocery or drugstore purchases will be at their highest. From summer road trips to holiday entertaining, if planned correctly, you’ll quickly accumulate the points to make this card worthwhile.
Finally, there is a lesser-known benefit of this card for you and others who are members of the Wells Fargo Go Far Rewards program. With the ability to gift your points or to or pool them with other members, you can reach common redemption rewards faster.
Ultimately, those that stand to gain the most from this card are those that already have accounts with Wells Fargo. It keeps overall insight and management of your finances simple, while at the same time earning you points and rewards. Further, if you’re a new Wells Fargo customer who’s carrying a sizable balance from another card issuer, you can take advantage of the 0% APR transfer offer along with any other new client perks.
In a nutshell
It may not be the most glamorous of rewards cards, but the attractive introductory offers of the Wells Fargo Rewards Card are perfect for those with big purchases, big balances or specific spending needs on the immediate horizon. Even after those initial offers expire, your point accumulations remain uncomplicated and easily redeemable. Further, you have plenty of flexibility with how your points are redeemed.
If you’re looking for simplicity in a rewards card, need extra help paying down debt, don’t want to pay an annual fee or you’re a new Wells Fargo customer wanting to consolidate your financial footprint, the Wells Fargo Rewards Card is a good choice.