If you have an eligible Wells Fargo credit card, you can earn Wells Fargo Rewards points, which are typically worth 1 cent each and can be redeemed for a variety of options such as cash back, travel and gift cards.
The Wells Fargo Rewards program offers value for consumers who want simplicity and like to redeem points to cover past purchases, get a check or share with family members. However, for consumers who prefer to optimize their rewards for maximum travel value, this rewards program falls short because you can’t transfer points to travel partners. If that’s your goal, you might prefer a program such as Chase Ultimate Rewards®.
The main way to earn Wells Fargo points is through a Wells Fargo credit card.
There’s currently one Wells Fargo credit card available online to new applicants that earns Wells Fargo Rewards: the Wells Fargo Active Cash® Card. Cardholders earn unlimited 2% cash rewards on purchases. Plus, earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Though the Wells Fargo Active Cash® Card is marketed as a cash back credit card, the cash back you earn comes in the form of Wells Fargo Rewards points — which can be redeemed for cash back or other options.
Other credit cards that earn Wells Fargo Rewards, such as the Wells Fargo Propel American Express® card and Wells Fargo Visa Signature® Card, are no longer open for application on Wells Fargo’s website.
Wells Fargo also offers deals you can activate when logged into your credit card account. These allow you to earn extra cash back with a variety of merchants and services, such as Starbucks and Disney+.
You can generally expect each Wells Fargo Rewards point to be worth 1 cent. A popular feature of the Wells Fargo Visa Signature® Card allowed cardholders to redeem points for 50% more value — 1.5 cents each — toward airfare. However, the application for that credit card is no longer available on the issuer’s site.
Unfortunately, unlike its top competitors — American Express, Chase and Capital One — Wells Fargo doesn’t offer any other options to increase your value of your points. There are no redemption bonuses through it’s currently available card, and you cannot transfer points to other loyalty programs. For this reason, Wells Fargo points are less valuable than these programs’ points.
Wells Fargo Rewards points are flexible and offer numerous redemption options, including:
Cash back
Perhaps the easiest way to redeem your Wells Fargo Rewards points for cash back is to cover eligible purchases on your credit card. This option allows you to select one or more recent purchases and get a statement credit for that amount, with just $1 being the minimum redemption.
You can also request a statement credit to your card or a paper check in the mail. Such redemptions can be done in $25 increments. If you have a qualifying Wells Fargo checking account or mortgage, you can redeem your rewards as a credit to that account (you must still make any regularly scheduled payments).
Finally, if you have a Wells Fargo ATM or debit card, you can redeem points for cash in $20 increments.
Travel
You can book travel via the Wells Fargo Rewards website, including flights, hotels, car rentals and more.
Gift cards
You can redeem points for gift cards in $25 increments. Examples of some of the merchants available include Airbnb, Amazon, Apple, CVS, Google Play, Home Depot, Hulu, PetSmart and DoorDash.
Merchandise
You can use points to shop online via the Wells Fargo Rewards website for items including school supplies, electronics and more. In addition, you can set up Pay with Rewards through PayPal, and redeem your credit card rewards to go toward online purchases with participating merchants when checking out with PayPal.
Sharing
A nice feature of the Wells Fargo Rewards program is that you can share your points in a variety of ways.
You can contribute toward a common goal by pooling rewards with family and friends who are also Wells Fargo customers, send rewards as a gift to someone who is a Wells Fargo customer or donate your rewards to charity starting at $25. The option to share rewards might not be as obvious as some of the other options — when you’re on the Wells Fargo Rewards site, you can get there through the following steps:
Wells Fargo Rewards offers consumers much to like. But how does it compare to rewards programs offered by other top credit card issuers? One thing that’s missing from Wells Fargo Rewards is the ability to transfer points to airline and hotel partners. If you’re a frequent traveler who prioritizes getting the best travel deals possible with your credit card rewards, being able to transfer points to partners is a key feature.
Consider the following cards and rewards programs if transferring points is important to you:
| Credit Cards | Our Ratings | Annual Fee | Rewards Rate | Welcome Offer | |
|---|---|---|---|---|---|
Wells Fargo Active Cash® Card*
|
$0 | 2% cash rewards
Earn unlimited 2% cash rewards on purchases
| $200 cash rewards
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
| ||
American Express® Gold Card*
|
$325 | 1X - 4X points
| 60,000 points
Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
| ||
Capital One Venture Rewards Credit Card*
|
$95 | 2X - 5X Miles
| 75,000 miles
75,000 Miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit to use in your first cardholder year – that’s equal to $1,000 in travel
| ||
Chase Sapphire Preferred® Card*
|
$95 | 1X - 5X points
| 100,000 points
Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
| ||
Citi Strata Premier℠ Card*
|
$95 | 1X - 10X points
| 60,000 points
Earn 60,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $600 in gift cards or travel rewards at thankyou.com.
|
To see rates & fees for American Express cards mentioned on this page, visit the links provided below:
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Wells Fargo Active Cash® Card, Wells Fargo Propel American Express® card and Wells Fargo Visa Signature® Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
