This article will explain the benefits of having a credit card from Wells Fargo. These include the no annual fee and no balance transfer fee. Also, you’ll learn about the credit score requirements and rewards. These cards are great for those who want to pay for large purchases over a period of time and get a break from credit card interest payments.
When it comes to maximizing your Wells Fargo rewards, you should be aware of the different redemption options available. Some of these options include cash redemption, gift cards, and statement credits. Some cards even allow you to use your rewards to purchase merchandise. However, you must be aware that you cannot use all of your rewards points at once.
In order to use a Wells Fargo credit card, you must create an account. You will need to verify your identity and set up a password. Once you have completed this, you can then choose the card you wish to use. Once you’ve selected a card, you can then activate it online. You can now use your Wells Fargo credit card to finance your purchases, earn rewards, and shop through the Wells Fargo rewards portal.
The Wells Fargo Rewards program is shared among various Wells Fargo credit cards. There’s the Wells Fargo Visa Autograph, but the program is not limited to this one. You can earn points on all of your cards by spending in certain categories each month.
No annual fee;
No annual fee credit cards are ideal for those who want to maximize their rewards. Wells Fargo has several different credit cards that offer varying benefits and activation options. Among them is the Wells Fargo Active Cash(r) Card, which offers 0% intro APR on purchases and eligible balance transfers for 15 months. To qualify, you must make at least one purchase or transfer balance within 120 days. If you decide to transfer your balance, you will need to pay a balance transfer fee. To confirm or activate your card, you can follow easy to apply wellsfargo.com/confirmcard activation process within few minutes.
The Wells Fargo Active Cash (r) Card has built-in protection that covers unauthorized purchases. Depending on the amount of purchases made using the card, you may get up to $600 in coverage. The benefit is secondary to other policies, and you must report any suspicious activity. The card also offers a concierge service that offers personalized assistance and a free 24-hour replacement service for lost or stolen credit cards.
Cellular Telephone Protection is another feature that is available with Wells Fargo cards. Cellular Phone Protection reimburses consumers for damages to their cell phones. The coverage can cover the cost of replacing or repairing an original cell phone. The benefit limit is $600, and it does not cover lost or stolen cell phones or electronic failures or software problems.
Balance transfer fee;
You can transfer your balance online or by phone with Wells Fargo. You’ll need your account number and the amount you want to transfer. You can choose between a basic balance transfer credit card or a rewards card. You’ll need to complete the online application and wait about 10 days for your account to be transferred. In the meantime, you should make payments on the old card to avoid incurring late fees.
Wells Fargo does not set a monthly limit for balance transfers. You can request as many as you like each month. However, you’ll need to make sure your new card does not exceed your current credit limit. You’ll also need to be within 120 days of opening the account.
The fee is at least $5, but it varies by card. Some credit cards have no balance transfer fee, while others charge as much as 5%. You can use a calculator to determine the minimum and maximum transfer fee before you transfer your balance.
Credit score requirements;
Before applying for a credit card with Wells Fargo, it’s important to know what they require. Most of their cards require a credit score of 700 or higher, and they also require standard personal information like your SSN or ITIN. You must also be at least 18 years old.
While you can’t pre-qualify for a Wells Fargo credit card online, you can easily check your credit score before applying for the credit card. Many major credit card issuers offer free credit scores and reports, which you can view every month through your online banking portal or mobile app.
After getting a free copy of your credit report from the three credit bureaus, you’ll need to check it carefully for errors. If you find any, you can contact the credit bureaus to have them correct the information. Your credit score may improve with the correction of errors.