Wells Fargo credit cards pros and cons
Pros
- Multiple card options. Wells Fargo’s credit card options cater to a wide range of needs, whether one is looking to earn rewards, consolidate debt, or make online purchases.
- A wide variety of redemption options. All Wells Fargo rewards-based credit cards earn Go Far Rewards points when you make eligible purchases. These points can be redeemed in several ways, including gift cards from major retailers, flights, rental cars, and hotel bookings, merchandise (jewelry, clothes, electronics, and more) from online sellers, and cash back.
- Rewards sharing. You can transfer your points to other Go Far Rewards account holders.
- Customer-friendly annual fee. Many of Wells Fargo’s best credit cards, like the Wells Fargo Active Cash Card and Wells Fargo Business Platinum credit cards, have 0 annual fees.
- Welcome bonus. Many of Wells Fargo’s credit cards come with a sign-up bonus.
Cons
- Requires good credit or better. To get approval on a majority of credit cards, your credit score needs to be between good and excellent.
How to Choose the Right Wells Fargo Credit Card?
Sometimes, choosing the right credit card from a specific credit card company is quite difficult. Considering Wells Fargo, there are three steps that will make your decision process easier.
First and foremost, you should check your credit score. It can vary from "Poor” to “Excellent”, and the higher your credit score is, the better Wells Fargo credit card offers and terms are available to you.
Then, you have to decide on why you need a Wells Fargo credit card and determine the most important aspects your future credit card should have. If you want a credit card to improve your credit, look for the ones with large grace period and no annual fee. If you want to not spend money on interest, Wells Fargo credit cards with the lowest interest and long intro offer are your option. In case you are looking for a credit card with cash rewards, pay attention to the rewards program offered by Wells Fargo.
As a third step, you should compare the Wells Fargo credit cards you think are the best for you, but taking into consideration all the aspects. Overall, an ideal credit card meet the following characteristics: near-zero interest rate, long grace period, no fees, high credit limit, and big rewards and sign-up bonuses. You can easily compare Wells Fargo credit cards in the table below.
Side-by-Side Comparison of Wells Fargo Credit Cards
| Card Name
| APR
| Annual fee
| Rewards
| Intro offer
|
|---|
| Dillard's Elite American Express®
| 30.24% Variable
| $0
| 2x Points at Dillard's (in-store and online).2x Points at gas stations and grocery stores in the U.S.1x Points on all other purchases. | 10% Earn a 10% Off Welcome Shopping Pass in your first statement when you charge $100 with Dillard’s today. |
| Active Cashâ„
| 20.24% - 29.99% Variable
| $0
| 2% Cash rewards on purchases. | $200 Earn a $200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months. |
| Dillard's American Express®
| 30.24% Variable
| $0
| 2x Points at Dillard's (in-store and online).2x Points at gas stations and grocery stores in the U.S.1x Points on all other purchases. | 10% Earn a 10% Off Welcome Shopping Pass in your first statement when you charge $100 with Dillard’s today. |
| Business Platinum
| 11.24% - 21.24% Variable
| $0
| 1.5% Cash Back on qualifying purchases. | $300 Earn a one-time $300 Cash Back bonus or 30,000 bonus points when you select a Business Card Rewards Program and spend $3,000 in the first three months after account open date. |
| Business Elite Signature
| 7.24%
| $125
| 1.5% Cash Back on every $1 spent or earn 1 point on every $1 spent and receive 5,000 bonus points when your company spend is $10,000 or more in any monthly billing period. | $1,000 Earn a one-time $1,000 Cash Back bonus or 100,000 bonus points when you spend $15,000 in the first three months after account open date. |
| Hotels.com® Rewards Visa®
| 19.24% - 27.24% Variable
| $0
| 1x Stamp for every night you stay at an eligible property booked on Hotels.com. Collect 10 stamps, get 1 reward night. | 2x Reward nights worth $250 total (max $125 per night) when you spend $1,000 in purchases in the first 3 months.1x Get another reward night worth $125 when you spend $4,000 in total purchases within the first 6 months. |
| Bilt Mastercard®
| 21.49% - 29.49% Variable
| $0
| 3x Points on dining.2x Points on travel.1x Points on rent payments without the transaction fee (up to 50,000 points each calendar year).1x Points on other purchases. | No current offer. |
| Business Secured
| 15.15% Variable
| $0
| 1.5% Cash Back on qualifying purchases. | No current offer. |
| Reflectâ„
| 18.24% - 29.99% Variable
| $0
| This card doesn't offer cash back, miles or points. | No current offer. |
Conclusion
Today, Wells Fargo has a range of credit cards with numerous options, yet it’s better to find the best one for you.
