Best Wells Fargo credit cards for 2020

Here are the best Wells Fargo credit cards for 2020, according to our experts at Bankrate. Below you can read our editors’ reviews and compare credit card offers.

Some of the offers on this page may have expired.

The information about the Wells Fargo card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

The information about the Capital One Cards has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.


Authors: Claire Dickey and Barry Bridges

Have questions for our credit cards writers and editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate.


What you need to know about Wells Fargo credit cards

As one of the top banking institutions in the United States, Wells Fargo offers several credit cards for a variety of uses. We’ve put together a comprehensive guide detailing the following:

Top picks for Wells Fargo credit cards

Here’s a look at the best Wells Fargo credit cards for 2020, according to our experts:

Card Name Review score Best for
Wells Fargo Propel American Express® card (not currently available)
4.5/5 Travel rewards
Wells Fargo Cash Wise Visa® card (not currently available)
4.5/5 Cash back
Wells Fargo Platinum card (not currently available) 4.6/5 Balance transfers

Wells Fargo Propel American Express® card (not currently available)

What we love: The Propel card earns rewards in a wide variety of categories, with 3X points on:

  • Travel including flights, hotels, homestays and car rentals
  • Eating out and ordering in
  • Gas stations, rideshares and transit
  • Popular streaming services

The card also earns 1X points on other purchases and doesn’t charge an annual fee.

What we wish were different: The current sign-up bonus (20,000 bonus points for making $1,000 in purchases in the first 3 months) is a step down from previous offerings. Also, you can’t transfer your Go Far® Rewards points to airline or hotel loyalty programs.

Bottom line: The Wells Fargo Propel card earns generous rewards in more spending categories than some similar cards, making it easier to build up your points total without devising a complicated strategy.

Read our full review and find out how to apply.

Wells Fargo Cash Wise Visa® card (not currently available)

What we love: This card earns unlimited 1.5 percent cash rewards on every purchase, and Wells Fargo sweetens the deal for digital wallet users. Qualifying digital wallet purchases, such as Google Pay™ and Apple Pay®, earn a 20 percent bonus for the first 12 months, raising the cash rewards rate for those transactions to 1.8 percent.

What we wish were different: The 3% foreign transaction fee limits the card’s usefulness for frequent overseas travelers. The sign-up bonus ($150 cash rewards after you spend $500 in the first 3 months) isn’t that competitive compared with similar cards.

Bottom line: The Wells Fargo Cash Wise Visa will appeal to cardholders who value simple, straightforward cash back rewards. The 20 percent bonus on qualifying mobile wallet transactions in your first year is a nifty perk for the growing number of consumers who like to reach for their phone instead of their credit card.

Read our full review and find out how to apply.

Wells Fargo Platinum card (not currently available)

What we love: The card offers 18 months of zero APR on qualifying balance transfers and on purchases (15.49% – 24.99% variable thereafter) — the longest introductory period of all Wells Fargo cards.

What we wish were different: Despite its usefulness for balance transfers, the card does not earn rewards. The introductory balance transfer fee jumps from 3 percent to 5 percent after 120 days.

Bottom line: The Platinum card is a great option if you’re looking to transfer a balance or pay off a big purchase with a temporary zero-interest window. If you’re set on earning rewards for everyday spending, however, it’s best you look elsewhere.

Read our full review and find out how to apply.

What is Wells Fargo and what does it offer?

Founded in 1852, Wells Fargo is a multinational financial services company headquartered in  San Francisco, California.

The issuer offers banking options for personal accounts, small businesses and commercial operations, as well as services for investment banking, securities and markets, treasury management, commercial financing, asset management and more.

With more than 13,000 ATMs, 7,800 commercial locations and 5,500 retail banking branches, Wells Fargo holds the title of the fourth largest bank in the United States.

The bank also offers a number of credit cards in categories including cash back, travel and balance transfer.

Rewards program

Wells Fargo’s rewards program, Go Far® Rewards, allows you to earn points for purchases made with a qualifying Wells Fargo credit card.

You can redeem your Go Far Rewards points for cash back, travel, gift cards and merchandise purchased through the Earn More Mall®. There’s also an online auction feature that allows you to bid on items within the Earn More Mall.

Go Far Rewards aren’t transferable to partner airlines or hotels, which may be a stumbling block for you if you’re a frequent traveler or loyal to a specific travel brand.

Additional offerings

In general, Wells Fargo credit cards offer perks like  Zero Liability Protection, which protects you from unauthorized transactions, Overdraft Protection, which helps you to cover overdrafts with available credit, and Fraud Monitoring.

How do Wells Fargo credit cards compare to other cards?

Wells Fargo offers credit cards for earning rewards, building credit and transferring a balance.

Although there’s not a large selection of cards to choose from, the issuer does cover its bases in regard to types of cards offered, from secured cards to student cards to rewards cards, and at a variety of credit scores.

Let’s take a look at three Wells Fargo cards versus some competitors:

Wells Fargo Propel American Express® card (not currently available) vs. Capital One® VentureOne® Rewards Credit Card 

Card Propel card (not currently available)  VentureOne 
Rewards structure

3X points on dining, travel, gas stations and popular streaming services and other purchases

1X points on all other purchases.

1.25x miles on every purchase

 

Spending example

$1,000 * 12 months * 3X points * $0.01 = $360

$200 * 12 months * 1X points * $0.01 = $24

 

$1,200 * 12 months * 1.25X miles * $0.01 = $180

Annual fee $0 $0
Welcome bonus 20,000 bonus points when you spend $1,000 in purchases in the first 3 months (a $200 cash redemption value) 20,000 miles once you spend $1,000 on purchases within 3 months from account opening (equal to $200 in travel)
First-year value $584 (including sign-up bonus)  $380 (including sign-up bonus)
Second-year value $384 $225

Spending example

Wells Fargo Propel American Express® card (not currently available)

Say you spend $1,000 a month in the 3X category and $200 a month in the 1X category with your Propel card. By the end of your first year, you’ll earn $384 worth of points. When you include the 20,000 bonus points you’ll earn for meeting the qualifying spend of the welcome bonus, your year-one value hits $584. Your second-year value will equal $384.

Capital One® VentureOne® Rewards Credit Card

If you then spend $1,200 a month in the 1.25X category, you’ll earn $180. When including the sign-up bonus, that’s $380 worth of miles earned in your first year. Your second-year value would sit at $225 (1,200/month spent in the 1.25X category).

The bottom line

Overall, you’re likely to earn more rewards with the Propel card.

Wells Fargo Platinum card vs. Chase Slate

Card Platinum card  Chase Slate
Annual fee $0 $0
Balance transfer intro period 0% introductory for 18 months on qualifying balance transfers 0% introductory APR on balance transfers for 15 months
Variable APR thereafter 15.49% – 24.99% variable APR 14.99% – 23.74% variable APR
Balance transfer fee 3 percent balance transfer fee ($5 minimum) on any sum transferred within your first 120 days of card ownership

After 120 days, you’ll be charged a 5 percent fee ($5 minimum)

No balance transfer fee for transfers made within the first 60 days of opening the account

After 60 days, you owe $5 or 5 percent of the amount being transferred, whichever is greater

Balance transfer example $3,000 / 18 months = $166.67 a month $3,000 / 15 months = $200 a month

Balance transfer example

Say you owe $3,000 in credit card debt. With the Wells Fargo Platinum’s 18-month 0% introductory offer on qualifying balance transfers (15.49% – 24.99% variable APR thereafter), you’ll pay $166.67 a month without paying anything in interest. You’ll still owe a balance transfer fee of $90 for transfers made within your first 120 days, and if you wait longer than 120 days, you’ll owe $150.

Chase Slate

If you instead transfer your $3,000 in debt to the Chase Slate, you’ll pay $200 a month for 15 months without paying anything in interest. There’s no fee for transfers made within your first 60 days, but if you wait longer than 60 days to transfer, you’ll owe an additional $150.

Should you choose the Chase Slate and fail to pay off your debt in 15 months (say, you do so in 18 instead), you’ll pay a minimum of $75 in interest and a maximum of $120.*

*Interest charges estimated using current APR range with Bankrate’s Credit Card Payoff Calculator.

The bottom line

The Chase Slate might have a shorter introductory period by 3 months compared to the Wells Fargo Platinum, but you’ll save more with the Slate due to its lack of a balance transfer fee for the first 60 days.

The information related to Chase Slate card has been collected by Bankrate.com and has not been reviewed or provided by the issuer or provider of this product or service.

Wells Fargo Cash Wise Visa® card (not currently available)

vs. Capital One® Quicksilver® Cash Rewards Credit Card 

Card Cash Wise Visa (not currently available) Quicksilver 
Rewards structure

Unlimited 1.5 percent cash rewards on every purchase

1.8 percent cash rewards on qualifying digital wallet purchases (like Apple Pay® or Google Pay™) during the first 12 months from account opening

Unlimited 1.5 percent cash back on every purchase
Spending example

$900 * 12 months * 1.5 percent * $0.01 = $162

$100 * 12 months * 1.8 percent * $0.01 = $21.60

$1,000 * 12 months * 1.5 percent * $0.01 = $180
Annual fee $0 $0
Welcome bonus $150 cash rewards bonus when you spend $500 within three months of account opening $200 after you spend $500 on purchases within 3 months from account opening
First-year value $333.60 (including sign-up bonus) $380 (including sign-up bonus)
Second-year value $180 (when you spend $1,000 per month at 1.5 percent) $180

Spending example

Wells Fargo Cash Wise Visa® card (not currently available)

Say you spend $900 a month in the 1.5 percent category your first year. In doing so, you’ll earn $162 in cash rewards. If you spend an extra $100 a month using a qualifying mobile wallet, you’ll earn an additional $21.60. Finally, when you include the $150 cash rewards bonus earned after spending $500 in your first three months, you’ll have a total of $333.60 in cash rewards your first year of card ownership.

As for second-year value (in which the 20 percent bonus on mobile wallet transactions is no longer valid), you’ll earn $180 by spending $1,000 for the year.

Capital One® Quicksilver® Cash Rewards Credit Card

If you spend $1,000 a month with the Quicksilver, you’ll earn $180. When adding in the $200 cash back bonus (after you spend $500 within 3 months from account opening), you’ll earn $380 in cash back by the end of your first year. Your second-year value is equal to $180.

The bottom line

You’ll gain a little more in terms of first-year value with the Cash Wise Visa, but in the long run, you’ll earn the same amount in cash back whether you use the Quicksilver or Cash Wise Visa.

What credit score do you need to get a Wells Fargo credit card?

Wells Fargo offers several credit cards with a variety of qualifying credit scores:

  • Wells Fargo Propel American Express® card – (670 – 850)
  • Wells Fargo Cash Wise Visa® card – (670 – 850)
  • Wells Fargo Platinum card – (670 – 850)
  • Wells Fargo Visa Signature® Card – (670 – 850)
  • Wells Fargo Rewards® Card – (670 – 850)
  • Wells Fargo Cash Back College℠ Card – (600 – 850)
  • Wells Fargo Secured Credit Card – (500 – 579)

Should you not qualify for good to excellent credit, the Wells Fargo Cash Back College℠ Card for students and the Wells Fargo Secured Credit Card for building credit could be options for you, depending on your lifestyle.

After some time, you may be eligible to upgrade to one of Wells Fargo’s unsecured cards (so long as you practice responsible credit card use). For more information on how you might qualify, call Wells Fargo at 1-800-642-4720.

Additional reading:

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.