Best Student: Wells Fargo Cash Back College
|Rewards Earning Rate||3% cash rewards earned for up to $2,500 spent on gas, grocery, and drugstore purchases for the first 6 months. 1% cash rewards for each $1 spent on virtually all other purchases with your card.|
|INTRO PURCHASE APR|
|Either $5 or 5% of the amount of each transfer, whichever is greater.|
|Foreign transaction fee|
- Why We Chose This Card:
- Pros & Cons
The Wells Fargo Cash Back College Student card is Investopedia’s pick for best student card from Wells Fargo because of its lucrative cash back earnings structure on popular spending categories during the first six months. Once the introductory promotion expires, you’ll still earn an unlimited 1% cash back on every purchase. The lack of an annual fee can make this a good card for starting one’s credit journey in college before upgrading to an even better Wells Fargo rewards card after graduation.
Generous benefits for a student card, including cell phone protection
Existing Wells Fargo relationship required to apply online
Low cash back rate for ongoing rewards
You must have at least $20 in rewards to redeem
How To Time Your Application Just Right
If you need your credit card to pay for a big purchase or to prepare for a trip, its important to have a strategy in place to make sure you get your card on time.
If youre just looking to make a big purchase with your new card or you want to get it before you go out of town, plan to apply at least a couple of weeks before you need the card.
American Express cards can be an exception to this rule because you can typically get instant access to your card number upon approval. But thats not guaranteed with every Amex credit card, so its best to apply in advance to be safe.
If youre planning a trip and want to use a new sign-up bonus to cover part of the cost, though, more advance planning may be required.
Many credit card issuers offer sign-up bonuses as an incentive to encourage you to apply and start using your new credit card regularly. To qualify for the sign-up bonus, youll typically get three months or 90 days to meet a minimum spending requirement.
Youll want to give yourself the full three months to earn that bonus, says Beverly Harzog, credit card expert for U.S. News. The last thing you want is to rush yourself and end up overspending just to get the incentive sooner, she adds.
If its taking longer than expected, be sure to call the issuer to let them know. They can send a new one and ensure that no charges were made on the other card.
On top of that, give yourself enough lead time to book your trip in advance.
How Good Is Wells Fargo Customer Service
Wells Fargo ranked eighth out of 11 national card issuers in the J.D. Power 2020 U.S. Credit Card Satisfaction Study. The bank received a below average score. Some of Wells Fargo’s satisfaction rating may be a negative perception holdover from its retail banking scandal, when the bank had to make restitution for opening millions of accounts on behalf of customers without their consent. The banking giant is under new management, so time will tell if its customer service ratings improve.
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Can I Review And Electronically Sign Disclosures From My Mobile Device
If you’ve set your electronic delivery preferences and are able to print and save from your mobile device, you will be able to view disclosures and access important account documents from most mobile devices. Certain devices are currently unsupported due to device limitations. If you are using a mobile device sized 7 inches or less, you will need to use a computer to electronically sign your documents.
Should You Get The Wells Fargo Reflect Card
If you’re looking for a way to save money on interest and you’re not majorly concerned about earning rewards, the Wells Fargo Reflect Card is a solid option. The same can be said if you have high-interest credit card debt you want to consolidate and pay down over time.
However, there are plenty of other similar offers to consider, some of which could be better for your needs and goals. Make sure you compare the best 0% APR credit cards and all their perks before you decide.
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Bank Of America Credit Card Application Pending
You can check your Bank of America credit card status online by submitting your last name, date of birth, last four digits of your Social Security Number and ZIP code. If you want to check your Bank of America credit card application status over the phone, call the credit card customer service line at 1-800-732-9194 to ask about your Bank of America application status.
Which Wells Fargo Cards Can You Get Preapproved For
Wells Fargos suite of credit cards is currently undergoing some major changes, so the options you can currently choose from are limited. Still, there are options for more than one type of cardholder.
If you are looking for a card thatll help you bring in plenty of cash back on all your purchases, you cant do much better than the Wells Fargo Active Cash card. Not only does it offer 2 percent back on your purchases, but you can also earn a $200 bonus after you spend $1,000 in the first three months of card ownership. There are no limits to how much you can earn, and no category restrictions to keep track of.
If you are more focused on paying down debt than earning rewards, you can also take a look at the Wells Fargo Platinum card*. This card doesnt come with any kind of points or cash back, but instead allows users a generous 18 months with a 0 percent intro APR on both purchases and balance transfers . Thats one of the longest intro periods you can find around, and it should give cardholders plenty of time to chip away at their balance without racking up interest charges.
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How To Choose A Wells Fargo Credit Card
When narrowing down your credit card options, using a tool like CardMatch can be a useful way to see your pool of viable candidates based on your credit profile. If youre trying to figure out whether a Wells Fargo card is right for your lifestyle, see below to see some of the types of people who do and dont fit Wells offers.
How We Will Calculate Your Variable Aprs
Unless an introductory or promotional APR is in effect, we will add a “Margin” to the U.S. Prime Rate to determine your standard variable APR. For each billing period, we will use the U.S. Prime Rate, or the average of the U.S. Prime Rates if there is more than one, published in the Money Rates column of The Wall Street Journal three business days prior to your billing statement closing date. The APR may increase or decrease if the U.S. Prime Rate increases or decreases and this will also cause the related daily periodic rate to increase or decrease. An increase or decrease in the APR may increase or decrease the total amount of interest you pay. It may also increase or decrease the Minimum Payment due. See the Agreement for more details.
Interest Rate Calculation
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What Is An Access Code
An Access Code is a unique alpha numeric code that we send to you by email when you save or submit your application. It allows you to sign on to check your application online if you are not a Wells Fargo Online customer. If you are an existing Wells Fargo Online customer, you will not receive an Access Code because you can use your Wells Fargo Online username and password to access your saved or submitted application.
Which Credit Cards Earn Go Far Rewards
Wells Fargo offers several credit cards with the ability to earn Go Far® Rewards points. Youll have to consider each options affordability and how it fits your lifestyle, but any of the following provide access to easy earning opportunities:
Wells Fargo Cash Wise Visa® card
Youll earn unlimited 1.5% cash rewards on purchases and a $150 intro bonus after spending $500 in the first 3 months, plus no annual fee. If thats not welcoming enough, youll also earn 1.8% cash rewards on digital wallet purchases in your first year. Rewards will appear in your account as Go Far® Rewards points, but youll only be able to redeem for cash.
This card offers the ability to earn 5X points on up to $12,500 spent on gas, grocery and drugstore purchases for the first six months and 1X points on other purchases. Additionally, your points will receive a 50% boost in value when redeeming for airfare and you wont face paying an annual fee.
Wells Fargo Rewards® Card
Similar to the Wells Fargo Visa Signature, the Wells Fargo Rewards Card also earns 5X points on up to $12,500 spent on gas, grocery and drugstore purchases for the first six months and 1X points on other purchases. While you can avoid an annual fee, this card doesnt offer a value boost to points.
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Once Per Lifetime Welcome Bonus
Once in a lifetime language can sometimes be found on your American Express credit card application. This means that if youve either had the credit card or charge card and/or received a bonus on said card in the past, you are ineligible to receive a welcome bonus on the card in the future.
If Amex pre-approves you for a welcome offer on its cards, the once in a lifetime language may not apply. If youre applying online, Amex has an eligibility check pop-up that you see at the end of your application. Before submitting your application, Amex tells you if youre eligible for the welcome bonus. If you are ineligible and do not want to proceed with your application, you can simply close the screen.
Best Balance Transfer: Wells Fargo Platinum Card
|0% for 18 Months|
|Balance Transfer Fee||Intro fee of 3% for the first 120 days your account is open, then 5% .|
|Rewards Earning Rate||This card does not offer a rewards program.|
As of October 1st, 2021, Wells Fargo is no longer accepting applications for this card, but the bank now offers a similar card: Wells Fargo Reflect.
- Why We Chose This Card:
- Pros & Cons
The Wells Fargo Platinum Visa is our winner for the best balance transfer card from Wells Fargo because of its introductory offer of 0% APR for 18 months on transfers made within 60 days of account opening. This is one of the longest 0% APR promotions from any bank, which gives you extra time to pay off your balance with no interest. There is a 3% transfer fee, but that can likely be justified given the potential savings in interest during the introductory period.
Good 0% intro APR periods
Cell phone protection
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How To Get Preapproved For A Wells Fargo Credit Card
Right now, the only place you can check for prequalified Wells Fargo card offers is on the issuers website. With just some basic information, Wells can use a soft inquiry to see if you meet the qualifications for their cards. That way, you can get an idea of if youll be approved without worrying about an impact to your score.
Wells Fargo also displays its cards in CardMatch, Bankrates tool for finding card offers matched to your credit profile. While the Wells Fargo offers youll see in CardMatch arent technically prequalified offers, the tool does use a soft pull to your credit to assess which products are best suited for your needs, so it can still give you an idea on if you meet the cards target audience.
Wells Fargo Platinum Card
The Wells Fargo Platinum Card can be a good option if you need an extended 0% introductory APR offer. Theres a 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then a 16.49% to 24.49% variable APR balance transfers made within 120 days qualify for the intro rate and fee.
The introductory balance transfer fee is either $5 or 3% during the first 120 days and then 5% with a minimum of $5.
This card doesnt charge an annual fee but also doesnt earn purchase rewards. Its a good option if you need an interest-free way to pay for large purchases or refinance credit card debt.
One additional benefit is up to $600 in cell phone protection for covered damage and theft .
Learn More: Balance Transfer Credit Cards
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Whats The Difference Between Pre
When you receive credit card offers, you may notice similar terms, such as pre-qualified, pre-approved, pre-screened, or pre-selected. These terms are often used interchangeably. Typically, they mean that your credit and financial data meet at least some of the eligibility criteria to qualify for the credit card. Since many companies use these terms differently, it can be confusing for consumers to understand.
The prefix pre is the key component of these terms to remember. If a credit card offers says you are pre-qualified or pre-approved, it simply means you meet some of the requirements to become a cardholder. But, as mentioned above, you still need to apply, and the lender must perform a hard pull on your credit before you get approved.
Its good practice to consider these promotional offers as invitations to formally apply for a credit card. And, because you are pre-qualified or pre-approved, you can apply with added confidence, knowing you meet some of the initial criteria needed to become a cardholder.
Make Sure To Use A Street Address Not A Post Office Box Number On Your Credit Card Application
If you don’t get an instant decision for your application, wait a few days and you’ll receive an email, letter, or phone call from the credit card issuer. The credit card issuer will either request additional information to complete your application or let you know that your application wasn’t approved.
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What Is The Easiest Wells Fargo Credit Card To Get
Wells Fargo Business Secured Credit CardThe easiest Wells Fargo credit card to get is the Wells Fargo Business Secured Credit Card because even people with bad credit can get approved. When you make a deposit to open the account , youll get a credit limit equal to that deposit, up to $25,000. The annual fee is $0.
Improve Your Chances Of Getting Approved
You’re more likely to be approved when you apply for a credit card you’re qualified for. For example, if you do not have much credit or you have bad credit, you probably won’t be approved for a premium rewards credit card. Some credit card issuer websites tell which credit cards are for excellent, average, or bad credit. Stick to the credit cards that most fit with your credit profile for the best chances at being approved.
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How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Which Wells Fargo Credit Card Should You Choose
If you want to choose the best Wells Fargo credit card for your wallet, review your spending habits and financial goals to see which card makes the most sense. The best credit card for one person may not be the best card for someone else, as it depends on everyones unique situation.
For great rewards-earning on purchases you make every day, a cashback credit card likely provides the best value. These cards typically dont come with annual fees and they make it easy to earn rewards on your daily purchases.
With the Wells Fargo Active Cash Card, you earn 2% cash back on eligible purchases. Earning a rate like this is simple and straightforward, which suits most people.
If youre more interested in travel rewards, a travel credit card could be the ideal option. The Hotels.com Rewards Visa credit card offers a generous welcome bonus: Earn 2 rewards nights worth up to $125 each after spending $1,000 on purchases in the first 3 months. This can be useful for offsetting your travel costs.
As you read through the available Wells Fargo credit card options, look for one that best aligns with what you want in a credit card.
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Wells Fargo Platinum Card: Best For Balance Transfers
Why we picked it: One of the longest introductory periods out there, this card gives cardholders 18 months at 0% intro APR for both purchases and qualifying balance transfers made in the first 120 days . Thats ample time to recover from a large purchase or past credit card debt problems. With a card like this one, you can consolidate your outstanding credit card debt and set up a year-and-a-half long budget to get rid of it.
Pros: In addition to saving money through its high end offers on introductory APRs, this card comes with no annual fee. It also features a slew of nice perks: up to $600 cell phone protection , free access to your FICO score, overdraft protection, rapid alerts, roadside dispatch and more.
Cons: Being a card designed for interest savings, this option does not feature any sort of rewards program. Those looking to get rewarded for their spending will have to look elsewhere.
Who should apply? If youve found yourself swimming in credit card debt, a balance transfer card is an excellent way to stop yourself from drowning. With some planning and attentive spending, you can make a huge dent in your debt and work your way towards a more free financial future.
Who should skip? Someone who wants to be rewarded for their spending should look at options providing cash back or points structures, as long as your credit score qualifies.
Read our Wells Fargo Platinum card review.