Wells Fargo Rewards Program Guide

Wells Fargo Rewards is a rewards program available with one Wells Fargo credit card. While this program gets less press coverage than Chase Ultimate Rewards or American Express Membership Rewards, Wells Fargo Rewards offers solid value and good redemption options.

Read all the information you need to know to maximize your Wells Fargo card rewards.

What is the Wells Fargo Rewards Program?

As the name suggests, Wells Fargo Rewards is a Wells Fargo issuer’s rewards program where you earn points for purchases made with your Wells Fargo card. These points can be redeemed for several types of rewards, including cash, gift cards, statement credits for purchases and travel bookings. You can even share your rewards with a friend or relative, or use them for a charitable donation.

What cards earn Wells Fargo Rewards?

Currently, the only consumer card available to new applicants that offers Wells Fargo Rewards is Wells Fargo Active Cash® Card.

Map name Awards Welcome Bonus Annual fee
Wells Fargo Active Cash® Card 2% cash reward $200 cash bonus when you spend $1,000 on purchases within the first 3 months. $0

Although the issuance of the Wells Fargo Cash Wise Visa®* Card, Wells Fargo Cash Back College Visa* Card, Wells Fargo Cash Back Visa Signature* Card, Wells Fargo Rewards Card*, and Wells Fargo Propel American Express®* Card is technically also generates remuneration in accordance with the Wells Fargo Rewards Program.

How to Earn Wells Fargo Points

There are several ways you can earn Wells Fargo Rewards points. The easiest way is to use an eligible Wells Fargo consumer credit card or small business credit card (although business cards can earn rewards through Wells Fargo Business Rewards) with regular purchases. Like most credit cards, you can earn points as a welcome bonus and for ongoing expenses.

With Wells Fargo Active Cash, you can earn $200 in cash rewards (20,000 points) when you spend $1,000 on purchases within the first three months of opening an account. You also get unlimited 2% cash rewards (actually 2X points) on purchases. New applicants also receive an initial annual interest rate of 0% for 15 months on both new purchases and balance transfers made within the first 120 days (thereafter 15.74%, 20.74% or 25.74% with variable annual interest rate). And you get all this without an annual fee.

Earn more

Earn More Mall is another way to earn points by shopping in-store or online from select retailers to earn points. With this rewards feature, you can get up to 10% back when you shop at one of the hundreds of participating online and offline stores. There are 116 offers available at the time of this writing, including Walmart, Bed Bath & Beyond, JCPenny, Nike, Expedia, and more.

You should be able to use the Earn More Mall for in-store offers, though they need to be activated beforehand. Simply log into your account, then click “Activate” on the offers you are interested in under the “Activate Offers” tab. However, at the time of writing, there were no offers in the store.

However, there are many online offers that you can shop and pay with your Wells Fargo participating credit card. To earn bonus rewards online, visit the Earn More mall and click the “Buy Now” button to go to the merchant’s website. If you go directly to the merchant’s site, you will not receive points for purchases. You must first start at the Earn More Mall web page.

How much do Wells Fargo Rewards points cost?

You have many ways to redeem your points, but the cost may vary depending on the redemption option you choose. Here are your options:

  • Cash back. Points are worth 1 cent each for a cash back reward. You can request a check by mail or receive rewards to a qualifying Wells Fargo account in increments of $25 (2,500 points). In addition, you can withdraw profits from a Wells Fargo ATM in increments of $20 (2000 points).
  • Loan Application. An easier option than getting cash could be to trade your rewards for statement credits. You can redeem your points in increments of $25 by applying them directly to your credit card balance.
  • Travel. You can book flights, hotels, car rentals and more through the Wells Fargo Rewards travel site. Points cost 1 cent each, but can cost 1.5 cents each if you still have a Wells Fargo Visa Signature* card (which is no longer available to new applicants). Visa Signature cardholders who spend $50,000 or more during a calendar year will receive 1.75 cents per point when redeemed for air tickets.
  • Gift cards. You can purchase digital or physical gift cards and earn 1 cent for every point you use.
  • Product. You can also redeem your points for purchases, usually at a discount from the market price, at participating partners. Visit your Wells Fargo account for current offers. If you don’t have enough Rewards to cover your entire purchase, you can pay the balance with a debit or credit card.
  • Apple products. The Wells Fargo Rewards portal also offers Apple products, including its latest devices such as the iPhone SE, iPad Air, Mac Studio and Studio Display. Unlike other products, these Apple products cost about the same as the market price.
  • Send a gift. You can send rewards or account credits in increments of $25 to anyone with a Wells Fargo account of any type.
  • Make a donation. Do you feel generous? You can redeem your points for the American Red Cross to help provide housing, food, and medical and mental health services during emergencies.

How are Wells Fargo rewards redeemed?

You can redeem your Wells Fargo Rewards points at or through the Wells Fargo mobile app. You can even redeem your rewards for cash at a Wells Fargo ATM using your debit card.

If you need to speak to a live person, you can call Wells Fargo Rewards Customer Service at 1-877-517-1358 to redeem your Rewards, seven days a week, from 8:00 am to midnight EST, for except for major holidays. .

How is Wells Fargo Rewards different from other rewards programs?

The Wells Fargo rewards program is fairly average compared to other rewards programs offered by major issuers. However, programs such as Chase Ultimate Rewards, American Express Membership Rewards, Capital One Miles, and Citi ThankYou Rewards offer an important feature that Wells Fargo does not. These competing programs allow cardholders to transfer their rewards to partner airlines or hotels. And when you redeem those points or miles for business or first class flights or stays at partner luxury hotels, the rewards can often exceed 1 cent per point.

But not all Chase and Citi cardholders have access to these point-to-mile transfers. For example, Chase Freedom Flex℠, Chase Freedom Unlimited and Ink Business Unlimited® credit card holders earn Ultimate Rewards points, but they do not allow card holders to convert their rewards into airline miles or hotel points like Chase Sapphire. Preferred Card and Chase Sapphire Reserve Card.

Likewise, Citi® Double Cash Card, Citi Custom Cash℠ Card and Citi Rewards+® Card holders cannot convert their ThankYou points into airline miles as Citi Premier® Card* holders can.

If you don’t have the ability to transfer rewards to travel partners, Chase Ultimate Rewards and Citi ThankYou points cost only 1 cent each – the same as Wells Fargo Rewards points.

Another difference between Wells Fargo Rewards and other programs is the number of cards available. American Express, Chase, and Citi offer a variety of cards for both consumers and small business owners, and basically allow you to pool the points you earn from all your cards. This allows customers to have multiple cards, each with different benefits and bonus spending categories. But as noted above, Wells Fargo currently only offers one card available to new applicants who participate in its rewards program – Wells Fargo Active Cash.

bottom line

While Wells Fargo Rewards does not offer the same level of value as competing programs (such as the ability to transfer your Rewards to travel partners), it is a solid program that gives you many other options to redeem your Rewards. In fact, one of the best ways to redeem is with merchandise, as merchandise is discounted and you can pay for it with points and your debit or credit card.

* All information about Wells Fargo Cash Wise Visa®, Wells Fargo Platinum, Wells Fargo Cash Back College Visa, Wells Fargo Cash Back Visa Signature Card, Wells Fargo Rewards Card, Wells Fargo Propel American Express® Card, and Citi Premier® Card was collected by independently. These issuers have not provided the content and are not responsible for its accuracy. These cards are no longer available.

Editorial disclaimer

The editorial content on this page is based solely on the objective judgment of our contributors and is not based on advertising. It was not provided or ordered by credit card issuers. However, we may receive compensation when you click on links to our partners’ products.

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