Wells fargo reward credit cards - Revision history

Editor: /* Wells Fargo Reward Card Options */

2021-08-12T04:18:24Z

‎Wells Fargo Reward Card Options

Editor at 04:17, 12 August 2021

2021-08-12T04:17:43Z

Editor: /* Wells Fargo Reward Card Options */

2021-08-12T04:07:09Z

‎Wells Fargo Reward Card Options

Editor at 16:06, 14 June 2021

2021-06-14T16:06:30Z

Editor at 16:05, 14 June 2021

2021-06-14T16:05:47Z

Editor: /* Collecting the Signup Bonus */

2021-06-14T15:56:43Z

‎Collecting the Signup Bonus

Editor at 06:50, 19 February 2021

2021-02-19T06:50:04Z

Editor: Editor moved page Wells Fargo Reward Credit Cards to Wells fargo reward credit cards without leaving a redirect

2021-02-19T05:18:13Z

Editor moved page Wells Fargo Reward Credit Cards to Wells fargo reward credit cards without leaving a redirect

Editor: /* Collecting the Signup Bonus */

2021-02-18T00:15:42Z

‎Collecting the Signup Bonus

Editor: /* Bonus Categories */

2020-10-19T01:39:53Z

‎Bonus Categories

@@ Line 57: / Line 57: @@
 === Wells Fargo Reward Card Options ===
-Currently, there are two Wells Fargo credit cards that earn GoFar points. Their best card, the Propel, is no longer available for new signups.
+Currently, there are three Wells Fargo credit cards that earn GoFar points.
 {{List|card}}
 {{CardItem|WellsFargoSig|noguide}}
 '''Visa Signature'''. Unlocks your ability to get 1.5 cents, instead of 1 cent, for all your GoFar points. But you'll pay a booking fee and miss out on extra reward points. When used in combination with the Propel card, you'll earn the equivalent of 3.9 cents per dollar on the Propel card's bonus categories. No annual fee. [//www.wellsfargo.com/credit-cards/visa-signature/ Wells Fargo Webpage]. [//www.uscreditcardguide.com/wells-fargo-visa-signature-credit-card/#Historical_Offers_Chart Signup Bonus Chart].

@@ Line 36: / Line 36: @@
 {{Card|Propel|4in}}
 </div>
 '''The Wells Fargo Propel Card offers a 30,000 point signup bonus and 3x bonus reward rates on Restaurants, Travel, Gas, and Streaming Services, with no annual fee. By itself, that's mildly interesting.'''

@@ Line 53: / Line 53: @@
 === Wells Fargo Reward Card Options ===
-Currently, there are three Wells Fargo credit cards that earn GoFar points.
+Currently, there are two Wells Fargo credit cards that earn GoFar points. Their best card, the Propel, is no longer available for new signups.
 {{List|card}}
 {{CardItem|WellsFargoSig|noguide}}
 '''Visa Signature'''. Unlocks your ability to get 1.5 cents, instead of 1 cent, for all your GoFar points. But you'll pay a booking fee and miss out on extra reward points. When used in combination with the Propel card, you'll earn the equivalent of 3.9 cents per dollar on the Propel card's bonus categories. No annual fee. [//www.wellsfargo.com/credit-cards/visa-signature/ Wells Fargo Webpage]. [//www.uscreditcardguide.com/wells-fargo-visa-signature-credit-card/#Historical_Offers_Chart Signup Bonus Chart].

@@ Line 24: / Line 24: @@
 |NormalSpend=
 |NormalCustom=4x extra points on up to $12,500 in gas, grocery, and drugstore purchases in the first six months
-|NormalValue = 625
+|NormalValue = 500
-|NormalPer = .05
+|NormalPer = .04
 |PointType=GoFar points
 |SignupBonusChart=//www.uscreditcardguide.com/wells-fargo-visa-signature-credit-card/#Historical_Offers_Chart

@@ Line 39: / Line 39: @@
 '''The Wells Fargo Propel Card offers a 30,000 point signup bonus and 3x bonus reward rates on Restaurants, Travel, Gas, and Streaming Services, with no annual fee. By itself, that's mildly interesting.'''
-'''However, if you also have the Wells Fargo Visa Signature Card, you can redeem your "GoFar" points at 1.5 cents each (by purchasing airfare through the Wells Fargo website). That increases the Propel Card's bonus category reward rates to 4.5 cents per dollar and the value of the Propel's signup bonus to $450. In addition, the Visa Signature card (and the "Wells Fargo Rewards Card") offer their own potentially lucrative signup bonuses.'''
+'''However, if you also have the Wells Fargo Visa Signature Card, you can redeem your "GoFar" points at 1.5 cents each (by purchasing airfare through the Wells Fargo website). Factoring in the the extra costs of doing so, we value the points at 1.3 cents each. That makes the Propel Card's bonus category reward rates 3.9 cents per dollar and the value of the Propel's signup bonus $390. In addition, the Visa Signature card (and the "Wells Fargo Rewards Card") offer their own potentially lucrative signup bonuses.'''
 '''Because you can only signup for 1 Wells Fargo card every 15 months, it takes some advanced planning to fully implement this "combo" strategy.'''
@@ Line 60: / Line 60: @@
 {{CardItem|WellsFargoSig|noguide}}
-'''Visa Signature'''. Unlocks your ability to get 1.5 cents, instead of 1 cent, for all your GoFar points. When used in combination with the Propel card, you'll earn the equivalent of 4.5 cents per dollar on the Propel card's bonus categories. No annual fee. [//www.wellsfargo.com/credit-cards/visa-signature/ Wells Fargo Webpage]. [//www.uscreditcardguide.com/wells-fargo-visa-signature-credit-card/#Historical_Offers_Chart Signup Bonus Chart].
+'''Visa Signature'''. Unlocks your ability to get 1.5 cents, instead of 1 cent, for all your GoFar points. But you'll pay a booking fee and miss out on extra reward points. When used in combination with the Propel card, you'll earn the equivalent of 3.9 cents per dollar on the Propel card's bonus categories. No annual fee. [//www.wellsfargo.com/credit-cards/visa-signature/ Wells Fargo Webpage]. [//www.uscreditcardguide.com/wells-fargo-visa-signature-credit-card/#Historical_Offers_Chart Signup Bonus Chart].
 {{CardItem|WellsFargo|noguide}}
@@ Line 76: / Line 76: @@
 <ul class="bulletlist">
-<li>'''The propel card has a 30,000 point signup bonus'''. If you already have the Visa Signature card or get it before you redeem your points, you can use the signup bonus to purchase up to $450 in airfare.'''</li>
+<li>'''The propel card has a 30,000 point signup bonus'''. If you already have the Visa Signature card or get it before you redeem your points, you can use redeem for airline tickets at a value of around $390.'''</li>
 <li>'''In lieu of a typical signup bonus, the Visa Signature and the Wells Fargo Rewards card earn 4x extra points (5x points total) on the first $12,500 of gas, grocery, and drugstore purchases, during the first six months you have the card'''. If you maximize the bonus, you'll earn 50,000 extra points above and beyond the 12,500 points you'd normally earn for spending this much. Most people don't normally spend this much money on their combined gas, grocery, and drugstore purchases. But you could use any remaining amount to purchase gift cards, which you can then use at a later time and/or in other categories.</li>
-For example, if you would naturally spend $750 per month combined at supermarkets, drugstores and gas stations, you could use the remaining $8,000 to purchase gift cards for merchants like Amazon or BestBuy or even for your supermarket itself, and then use the gift cards for your future spending (or sell them on the web).
+For example, if you would naturally spend $750 per month combined at supermarkets, drugstores and gas stations, you could use the remaining $8,000 to purchase gift cards for merchants like Amazon or BestBuy or even for your supermarket itself and then use the gift cards for your future spending (or sell them on the web).
-<li>'''You can think of these cards as having a $750 signup bonus (with a $12,500 initial spending requirement)'''. Rather than thinking of this as an enhanced bonus category spend, you can think of it as just an unusual signup bonus. Like any other signup bonus, when you first get the card, you'll receive a bunch of extra rewards, as long as you spend a certain amount of money on the card.</li>
+<li>'''You can think of these cards as having a $650 signup bonus (with a $12,500 initial spending requirement)'''. Rather than thinking of this as an enhanced bonus category spend, you can think of it as just an unusual signup bonus. Like any other signup bonus, when you first get the card, you'll receive a bunch of extra rewards, as long as you spend a certain amount of money on the card.</li>
 In the case of these cards, the spending requirement is very high, but you can get partial credit if you don't get all the way there. You also are very limited in the types of spending that counts. Most people will need to rely on purchasing gift cards to come close to maximize the bonus rewards.
-<li>'''If you aren't willing to go through the extra effort of maximizing them, the bonuses on these cards are much less interesting'''. If you only spend $3,000 or $4,000 on qualifying purchases during the first six months, you'll only earn an extra 12-16,000 points, valued at $180-240. That's not bad, but there are many cards with much more valuable signup bonuses.</li>
+<li>'''If you aren't willing to go through the extra effort of maximizing them, the bonuses on these cards are much less interesting'''. If you only spend $3,000 or $4,000 on qualifying purchases during the first six months, you'll only earn an extra 12-16,000 points, valued at $160-210. That's not bad, but there are many cards with much more valuable signup bonuses.</li>
 <li>'''Most people will want to focus on signup bonuses that require less spending'''. While you are getting going, it is usually better to focus on cards that have lower minimum spending requirements. For example, you should be able to get somewhere around 200,000 airline miles or transferable points from around  $12,000 in spending.</li>
@@ Line 107: / Line 107: @@
 <ul class="bulletlist">
-<li>'''The Propel and Visa Signature combo earns very competitive reward rates in a number of categories'''. 4.5 cents per dollar for restaurants, travel, gas, and streaming services is better than almost any other credit card. And you can get these rates without paying any annual fees. {{Link|restaurant spending}}. {{Link|travel spending}}. {{Link|gas spending}}.</li>
+<li>'''The Propel and Visa Signature combo earns very competitive reward rates in a number of categories'''. 3.9 cents per dollar for restaurants, travel, gas, and streaming services is better than almost any other credit card. And you can get these rates without paying any annual fees. {{Link|restaurant spending}}. {{Link|travel spending}}. {{Link|gas spending}}.</li>
-<li>'''Except to earn the initial bonus rewards, you don't want to use any of these cards for unbonused spending'''. Even with the ability to redeem points at 1.5 cents each, 1x points is less than what you should be earning from a good general-purpose reward card. {{Link|general purpose}}.</li>
+<li>'''Except to earn the initial bonus rewards, you don't want to use any of these cards for unbonused spending'''. Even with the ability to redeem points at a value of  1.3 cents each, 1x points is less than what you should be earning from a good general-purpose reward card. {{Link|general purpose}}.</li>
 </ul>

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← Older revision	Revision as of 05:18, 19 February 2021
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@@ Line 71: / Line 71: @@
 Normally, GoFar points are worth 1 cent each. You can redeem them for gift cards or travel purchases, use them to pay down your credit card, or even withdraw them as cash from an ATM (if you have a Wells Fargo ATM card).
-However, if you have the Wells Fargo Signature Card, you'll gain the ability to get 1.5 cents per point, when you use them to purchase airfare through the Wells Fargo website. While you have the card, this ability extends to all your GoFar points, not just the points you earn directly from the Signature Card.
+However, if you have the Wells Fargo Signature Card, you'll gain the ability to get 1.5 cents per point when you use them to purchase airfare through the Wells Fargo website. While you have the card, this ability extends to all your GoFar points, not just the points you earn directly from the Signature Card.
 {{/Box}}
 <ul class="bulletlist">
-<li>'''The propel card has a 30,000 point signup bonus'''. If you already have the Visa Signature card, or get it before you redeem your points, you can use the signup bonus to purchase up to $450 in airfare.'''</li>
+<li>'''The propel card has a 30,000 point signup bonus'''. If you already have the Visa Signature card or get it before you redeem your points, you can use the signup bonus to purchase up to $450 in airfare.'''</li>
-<li>'''In lieu of a typical signup bonus, the Visa Signature and the Wells Fargo Reward card earn 4x extra points (5x points total) on the first $12,500 of gas, grocery, and drugstore purchases, during the first six months you have the card'''. If you maximize the bonus, you'll earn 50,000 extra points, above and beyond the 12,500 points you'd normally earn for spending this much. Most people don't normally spend this much money on their combined gas, grocery, and drugstore purchases. But, you could use any remaining amount to purchase gift cards, which you can then use at a later time and/or in other categories.</li>
+<li>'''In lieu of a typical signup bonus, the Visa Signature and the Wells Fargo Reward card earn 4x extra points (5x points total) on the first $12,500 of gas, grocery, and drugstore purchases, during the first six months you have the card'''. If you maximize the bonus, you'll earn 50,000 extra points above and beyond the 12,500 points you'd normally earn for spending this much. Most people don't normally spend this much money on their combined gas, grocery, and drugstore purchases. But you could use any remaining amount to purchase gift cards, which you can then use at a later time and/or in other categories.</li>
-For example, if you would naturally spend $750 per month combined at supermarkets, drugstores and gas stations, you could use the remaining $8,000 to purchase gift cards for merchants like Amazon or BestBuy, or even for your supermarket itself, and then use the gift cards for your future spending (or sell them on the web).
+For example, if you would naturally spend $750 per month combined at supermarkets, drugstores and gas stations, you could use the remaining $8,000 to purchase gift cards for merchants like Amazon or BestBuy or even for your supermarket itself, and then use the gift cards for your future spending (or sell them on the web).
 <li>'''You can think of these cards as having a $750 signup bonus (with a $12,500 initial spending requirement)'''. Rather than thinking of this as an enhanced bonus category spend, you can think of it as just an unusual signup bonus. Like any other signup bonus, when you first get the card, you'll receive a bunch of extra rewards, as long as you spend a certain amount of money on the card.</li>
@@ Line 89: / Line 87: @@
 <li>'''If you aren't willing to go through the extra effort of maximizing them, the bonuses on these cards are much less interesting'''. If you only spend $3,000 or $4,000 on qualifying purchases during the first six months, you'll only earn an extra 12-16,000 points, valued at $180-240. That's not bad, but there are many cards with much more valuable signup bonuses.</li>
-<li>'''Most people will want to focus on signup bonuses that require less spending'''. While you are getting going, it is usually better to focus on cards that have lower minimum spending requirements. For example, you should be able to get somewhere around 200,000 airline miles or transferable points from about $12,000 in spending.</li>
+<li>'''Most people will want to focus on signup bonuses that require less spending'''. While you are getting going, it is usually better to focus on cards that have lower minimum spending requirements. For example, you should be able to get somewhere around 200,000 airline miles or transferable points from around  $12,000 in spending.</li>
-<li>'''If you already have cards that earn bonus rewards on groceries and gas, it is even harder to maximize the signup bonus'''. But, since bonus rewards on grocery spending are often capped, the Wells Fargo cards should still let you earn extra rewards via gift cards, even if they don't provide much added value from any normal grocery, gas, or drugstore spending.</li>
+<li>'''If you already have cards that earn bonus rewards on groceries and gas, it is even harder to maximize the signup bonus'''. But since bonus rewards on grocery spending are often capped, the Wells Fargo cards should still let you earn extra rewards via gift cards, even if they don't provide much added value from any normal grocery, gas, or drugstore spending.</li>
 <li>'''You can earn the signup bonuses from both of these cards'''. If you maximize them both, you'd earn a total of 125,000 points, including the points you'd earn from the required spending.</li>