In 2023, Wells Fargo stands as a prominent financial institution, offering a diverse range of credit cards to cater to various customer needs.
It’s essential to comprehend the benefits, fees, and objectives of these cards to make an informed decision. This guide provides an in-depth analysis of the top six Wells Fargo credit cards as of June 2023.
I. Active Cash Credit Card
The Active Cash Credit Card from Wells Fargo is a standout option for those seeking significant benefits and rewards. This card offers an impressive 2% cash back on all purchases, making it an excellent choice for those who value simplicity and high returns.
Fees and Objectives
The Active Cash Credit Card comes with a $0 annual fee, making it a cost-effective choice for many users. It also offers a 0% introductory APR for 15 months from account opening on purchases and qualifying balance transfers.
After the introductory period, the variable APR will be 19.49%, 24.49%, or 29.49%. For balance transfers, there is a fee of 3% for 120 days from account opening, then up to 5%; with a minimum fee of $5.
Ideal User Profile
The Active Cash Credit Card is ideally suited for individuals who desire a straightforward rewards structure with high cash back on all purchases.
It’s also a great fit for those planning to make a large purchase or transfer a balance, thanks to its introductory APR offer.
II. Bilt Rewards Credit Card
The Bilt Rewards Credit Card is a unique offering from Wells Fargo that allows cardholders to earn points on rent payments, a feature not commonly found in other credit cards.
This card offers 1x points on every dollar of rent paid through the Bilt app, and there’s no annual fee.
Fees and Objectives
The Bilt Rewards Credit Card has no annual fee, making it a cost-effective choice for renters.
The variable APR for this card ranges from 15.99% to 22.99% based on your creditworthiness. There’s also no foreign transaction fee, making it a good option for international travelers.
Ideal User Profile
The Bilt Rewards Credit Card is perfect for renters who want to earn rewards on their monthly rent payments. It’s also a good fit for those who frequently travel abroad and want to avoid foreign transaction fees.
III. Autograph Visa Credit Card
The Autograph Visa Credit Card from Wells Fargo is a premium offering that provides a wealth of benefits and rewards. Cardholders can earn 3x points on travel, 2x points on dining, and 1x points on all other purchases.
Fees and Objectives
The Autograph Visa Credit Card comes with a $95 annual fee, which is waived for the first year. The variable APR ranges from 16.49% to 23.49% based on your creditworthiness.
This card also offers a 0% introductory APR for 12 months on purchases and balance transfers made within the first 120 days.
Ideal User Profile
The Autograph Visa Credit Card is ideal for frequent travelers and diners who can take full advantage of the higher rewards rate in these categories. It’s also suitable for those who don’t mind paying an annual fee in exchange for premium benefits.
IV. Reflect Visa Credit Card
The Reflect Visa Credit Card is a unique offering from Wells Fargo that provides extended introductory APR periods. Cardholders can enjoy 0% APR on purchases and balance transfers for up to 21 months.
Fees and Objectives
The Reflect Visa Credit Card has no annual fee. The variable APR after the introductory period ranges from 12.99% to 24.99% based on your creditworthiness. For balance transfers, there is a fee of 3% for 120 days from account opening, then up to 5%; with a minimum fee of $5.
Ideal User Profile
The Reflect Visa Credit Card is perfect for individuals planning a large purchase or looking to consolidate debt with a balance transfer. The extended introductory APR period provides ample time to pay off balances without accruing interest.
V. Choice Hotel Privileges Mastercard
The Choice Hotel Privileges Mastercard is a co-branded hotel credit card that offers generous rewards for Choice Hotels stays. Cardholders earn 15 points per dollar spent at eligible Choice Hotels, 2 points per dollar on other purchases, and 32,000 bonus points after spending $1,000 in the first three months.
Fees and Objectives
The Choice Hotel Privileges Mastercard has no annual fee. The variable APR for this card is 15.99%, 19.99%, or 24.99% based on your creditworthiness. This card also offers a 0% introductory APR for 15 months on balance transfers made within the first 45 days of account opening.
Ideal User Profile
The Choice Hotel Privileges Mastercard is ideal for frequent travelers, particularly those who regularly stay at Choice Hotels. The high rewards rate on hotel stays and the generous welcome bonus make this card a valuable tool for earning free or discounted hotel stays.
VI. Choice Hotels Privileges Select Mastercard
The Choice Hotels Privileges Select Mastercard is another co-branded hotel card from Wells Fargo that offers even more benefits for Choice Hotels loyalists. Cardholders earn 20 points per dollar spent at eligible Choice Hotels, 5 points per dollar on Choice Points and Choice Hotels gift card purchases, and 2 points per dollar on other purchases.
Fees and Objectives
The Choice Hotels Privileges Select Mastercard comes with a $95 annual fee. The variable APR for this card is 15.99%, 19.99%, or 24.99% based on your creditworthiness (source: Wells Fargo). This card also offers a 0% introductory APR for 15 months on balance transfers made within the first 45 days of account opening.
Ideal User Profile
The Choice Hotels Privileges Select Mastercard is perfect for frequent Choice Hotels guests who want to maximize their rewards. Despite the annual fee, the higher rewards rate and additional benefits can provide significant value for the right user.
VII. How to Apply for a Wells Fargo Credit Card
Applying for a Wells Fargo credit card is a straightforward process. Visit the Wells Fargo credit card page, select the card you’re interested in, and click on “Apply Now.”
You’ll need to provide personal information, including your Social Security number and income details. After submitting your application, you’ll receive a decision within a few minutes.
VIII. Tips for Maximizing Wells Fargo Credit Card Rewards
To maximize your Wells Fargo credit card rewards, use your card for everyday purchases to earn points or cash back.
Pay attention to categories where you earn higher rewards, and try to use your card for these purchases whenever possible. Always pay your balance in full each month to avoid interest charges that can negate the value of your rewards.
| Card Name | Pros | Cons | Rating |
| Choice Privileges® Select Mastercard® Credit Card | – High welcome bonus- Good for frequent travelers- Wide range of rewards | – $95 annual fee- Requires excellent credit- Limited rewards program | 4/5 |
| Choice Privileges® Mastercard® Credit Card | – No annual fee- Good for frequent travelers- Wide range of rewards | – Limited welcome bonus- Requires good credit- Limited rewards program | 3.5/5 |
| Wells Fargo Reflect® Card | – No annual fee- Good for frequent travelers- Wide range of travel benefits | – High APR- Requires excellent credit- Limited rewards program | 3.5/5 |
| Wells Fargo Autograph℠ Card | – No annual fee- Good for everyday spending- Wide range of rewards | – High APR after intro period- Limited rewards program | 4/5 |
| Bilt Mastercard® | – No annual fee- Good for renters- Rewards program | – Limited rewards program- High APR | 3/5 |
| Wells Fargo Active Cash® Card | – High cashback rate- Welcome offer of $200 cash rewards bonus- Good for everyday spending | – High APR after intro period- Limited rewards program | 4.5/5 |
IX. Conclusion
In conclusion, Wells Fargo offers a diverse range of credit cards to meet the needs of various consumer profiles. Whether you’re a frequent traveler, a rewards enthusiast, or someone looking for a low-interest card, Wells Fargo has an option for you.
Remember, the key to maximizing the benefits of any credit card is understanding its features, fees, and rewards structure. Always pay your balances in full to avoid interest charges and make the most of the rewards programs.
Choosing the right credit card can be a daunting task, but with the right information and understanding of your financial goals, you can make an informed decision. Happy card hunting!
If you’re interested in other financial topics, you might find our articles on Top Meme Stocks of 2023: An Investor’s Guide, Demystifying Stock Investments: A Comprehensive Guide for Beginners , Understanding Wells Fargo Credit Card Rewards.
Frequently Asked Questions (FAQ)
After you apply for a Wells Fargo credit card online, you should expect to receive an immediate decision. If additional review is needed, Wells Fargo will let you know.
You can pay your Wells Fargo credit card bill online, by phone, by mail, or in person at a Wells Fargo branch. You can also set up automatic payments.
Yes, you can change your payment due date by contacting Wells Fargo customer service.
You can add an authorized user to your Wells Fargo credit card by logging into your online account or by calling customer service.
You can view your Wells Fargo credit card balance by logging into your online account or by using the Wells Fargo Mobile app.
You can transfer a balance to your Wells Fargo credit card by logging into your online account or by calling customer service.
The Automatic Payment Plan automatically deducts the minimum payment shown on your statement from your designated checking or savings account and credits it to your account on the due date shown on your monthly statement.
You can apply for a Wells Fargo credit card online, by phone, or in person at a Wells Fargo branch.
You can contact Wells Fargo customer service for credit card questions by calling 1-800-642-4720. For international collect calls, dial 1-925-825-7600.
