Home Credit Cards Best Wells Fargo credit cards of 2023

Best Wells Fargo credit cards of 2023

Best Wells Fargo credit cards of 2023
Wells Fargo Announces Active Cash Credit Card. (Photo: Wells Fargo)

The Wells Fargo credit cards offer a variety of benefits, making it easier to find the right one that suits your budget and preferences. What’s even better is that all our top picks come with no annual fee, eliminating the need for complex calculations to justify the card’s cost.

Wells Fargo Announces Active Cash Credit Card. (Photo: Wells Fargo)

You have the option to choose a card with an introductory 0% APR promotion, or one that offers a high cash-back rate on all your purchases. Additionally, there are cards that provide rewards on rent payments or offer opportunities to maximize rewards on everyday spending categories.

Before applying for a Wells Fargo credit card, it’s essential to compare them with other top credit cards from different issuers. While we have selected cards with diverse features, it’s important to remember that there might be other offerings in the market that better suit your specific needs.

Best Wells Fargo credit cards of 2023

Wells Fargo Reflect® Card

Introducing the Wells Fargo Reflect® Card, which currently holds the title for the longest intro APR promotion on the market, lasting an impressive 21 months. This means you have ample time to pay off your balance without incurring any interest charges, as long as you make your payments on time during the promotional period. It’s an excellent option if you’re planning a big purchase, have multiple expenses coming up, or need to tackle a high-interest credit card balance. By using this card strategically, you can potentially save hundreds of dollars on interest payments.

However, it’s important to note that the Wells Fargo Reflect® Card doesn’t come with a standard rewards program. So, if earning rewards on your purchases is a priority for you, this card might not be the best fit. Its main advantage lies in its extended intro APR offer.

When it comes to fees, the Wells Fargo Reflect® Card charges an annual fee of $0, which can be appealing for those looking to avoid unnecessary costs. On the other hand, it does come with a foreign transaction fee of 3%, so it may not be the ideal choice for international travelers or frequent overseas spending.

One standout feature of the card is the up to $600 cellphone protection it offers. To qualify for this benefit, you need to pay your cellphone bill with the Wells Fargo Reflect® Card. If your phone gets damaged or stolen, you can file a claim and receive reimbursement for repair or replacement costs, subject to a $25 deductible. You can make up to two paid claims within a 12-month period, making it a valuable perk for protecting your mobile device.

While the lack of a traditional rewards program might deter some users, the Wells Fargo Reflect® Card does have a silver lining. It provides cash back opportunities with select merchants through My Wells Fargo Deals, allowing you to earn some rewards on specific purchases.

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Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card stands out with its impressive flat 2% cash rewards on all purchases, making it one of the highest flat rewards rates available. Unlike some other cash-back credit cards, you won’t have to deal with complicated requirements to access the full rewards rate.

Moreover, this card provides a decent welcome bonus, adding to its appeal for new cardholders. If you’re looking for a credit card that offers a mix of rewards and a solid introductory APR promotion, the Wells Fargo Active Cash® Card might be the perfect fit for your needs.

One of the major perks of this card is its $0 annual fee, making it a cost-effective option for those seeking cash-back rewards. Furthermore, you can earn a $200 cash rewards bonus after spending just $500 on purchases within the first three months of opening the account, sweetening the deal even further.

On the downside, the card does have foreign transaction fees of 3%, so it might not be the best choice for frequent international travelers. However, it does come with some additional benefits, such as up to $600 in cellphone protection when you use the card to pay your phone bill. Do keep in mind that this benefit is subject to a $25 deductible, and you can make up to two paid claims within a 12-month period.

Bilt World Elite Mastercard

The Bilt World Elite Mastercard® stands out as a unique credit card that allows users to pay their rent without transaction fees and earn 1 point per dollar spent on rent payments (up to 100,000 points annually). Typically, landlords do not accept credit cards due to processing fees, but Bilt has innovative solutions to enable fee-free rent payments with the card, benefiting both renters and landlords alike. Moreover, cardholders receive double points on all categories on the first day of each month, adding an extra perk to their rewards.

What sets the Bilt Mastercard apart from other Wells Fargo credit cards is its versatile rewards system. Cardholders can transfer their earned rewards to over a dozen airline and hotel loyalty programs, offering greater flexibility and value in redeeming points.

The card comes with an annual fee of $0, making it a cost-effective choice for users. The rewards structure includes 1 point per $1 spent on rent payments without transaction fees (up to 100,000 points per year), 2 points per $1 on travel (when booked through the Bilt Travel Portal or directly with travel providers), 3 points per $1 on dining, and 1 point per $1 on all other purchases. To qualify for these rewards, users need to make a minimum of five transactions per statement period.

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While the Bilt Mastercard does not offer a welcome bonus, it makes up for it by providing other valuable benefits, including trip cancellation and interruption insurance, trip delay reimbursement, auto rental collision damage waiver, and cellphone protection. However, to enjoy these benefits and earn rewards, cardholders must use the card at least five times per month.

Wells Fargo Autograph℠ Card

The Wells Fargo Autograph℠ Card is a credit card that provides triple rewards on various everyday spending categories, including restaurants, travel, gas stations, transit, popular streaming services, and phone plans. This feature makes it appealing for those who spend a significant amount of money in these areas, as they can accumulate more points.

However, it’s worth noting that the card’s base rewards rate for non-bonus spending is relatively low. To maximize rewards, some users might choose to complement it with another rewards card that offers a high flat rewards rate on regular purchases.

One of the card’s attractive features is its welcome bonus of 20,000 points, obtainable after spending $1,000 on purchases during the initial three months of account opening. This bonus can jumpstart your rewards earnings.

Moreover, the Wells Fargo Autograph℠ Card offers an intro APR promotion, but it only applies to purchases and isn’t as long-lasting as the offers from the Reflect and Active Cash cards.

Thankfully, the card doesn’t have an annual fee, making it more budget-friendly for users. Additionally, there are no foreign transaction fees, which is beneficial for those who frequently travel internationally.

In terms of other perks, the card provides up to $600 in cell phone protection if you use it to pay your phone bill, offering peace of mind against potential damages. However, there’s a $25 deductible, and the protection is limited to two paid claims per 12-month period. Additionally, the card includes an auto rental collision damage waiver, which can be useful for travelers.

Should you get a Wells Fargo credit card?

Wells Fargo has a limited selection of credit cards available, but they all come with solid value and no annual fees. When considering a Wells Fargo credit card, it’s crucial to assess your spending habits and preferences to find the one that suits you best.

According to Krista Phillips, head of consumer credit cards and marketing at Wells Fargo, their credit card portfolio offers consumers more choices, value, and convenience while maintaining simplicity and security. They strive to deliver a top-notch payments experience by creating high-value card products with meaningful benefits and rewards that cater to their cardholders’ needs, allowing them to maximize their everyday spending.

Based on available data, the average U.S. household spends approximately $25,087 on credit cards each year. With the Wells Fargo Active Cash card, you can earn 2% cash back on your spending, which would translate to around $501.74 in cash back rewards.

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On the other hand, the Wells Fargo Autograph Card operates differently. To determine potential earnings, you’ll need to analyze your spending across the card’s bonus categories.

For renters, the Bilt Mastercard presents a unique opportunity to earn up to 100,000 bonus points annually on rent payments alone. These points can be worth $1,250 in travel when booked through the Bilt Travel Portal, making the card especially attractive for those who spend a significant portion of their budget on rent.

Beyond rewards, it’s essential to consider other card features. For instance, if you need an intro APR promotion, calculate the time required to pay down the balance. For larger balances, the Wells Fargo Reflect Card, even without rewards, might be a wise choice to maximize interest savings.

One crucial requirement for all four of Wells Fargo’s credit cards is a good or excellent credit score. It’s essential to check your credit score before applying to gauge your approval odds.

Before settling on a credit card, take the time to shop around and compare options from various card issuers. This will help you determine the best fit for your financial needs and goals.

Guide to Wells Fargo credit cards

Wells Fargo has been making significant strides in the credit card industry by introducing competitive products like the 0% APR and cash-back credit cards. One standout offering is the Bilt Mastercard, a unique card that allows renters to earn rewards on their rent payments without incurring transaction fees.

No matter which Wells Fargo credit card you opt for, there are some noteworthy features to take advantage of:

  1. My Wells Fargo Deals: This cash-back program is available to all cardholders. By using the mobile app, you can activate personalized deals with various merchants. Once you meet the deal requirements before the expiration date, you’ll receive the cash back as a statement credit on your account.
  2. FICO score access: Wells Fargo extends free access to your FICO score through their Credit Close-Up program. With monthly score updates and insights, you can stay on top of your credit history and work towards building and maintaining a good credit score.
  3. Zero-liability fraud protection: Like other major credit card issuers, Wells Fargo offers zero-liability fraud protection. This means that if someone manages to steal your credit card information and makes unauthorized purchases, you won’t be held responsible for any of the charges.

In conclusion, Wells Fargo’s credit card offerings come with valuable perks and features, catering to different needs and preferences of customers. Whether it’s earning rewards on rent payments or benefiting from cash-back deals and fraud protection, their credit cards provide a comprehensive package for cardholders.