Wells Fargo is a well-trusted bank in the United States and other countries. It offers banking services for individuals, small businesses, commercial banking, and more. One of its most sought-after services is credit cards.
When getting a credit card from Wells Fargo, it is important to consider your needs and lifestyle to ensure that your chosen credit card will be the right fit for you. For those who love to travel and shop, the Visa Signature Credit Card may be the best option.
Visa Signature Credit Card customers can earn points for every purchase made with the card. Then, all the collected reward points can be redeemed by booking travel on the bank’s travel portal. Learn more about the Visa Signature Credit Card’s benefits, rewards scheme, application process, and eligibility requirements below.
- Discovering Wells Fargo
- Introducing Wells Fargo Credit Cards
- Earning Reward Points While Using the Visa Signature Credit Card
- Redeeming Rewards From the Visa Signature Credit Card
- Checking the Visa Signature Credit Card’s Other Benefits
- Applying for a Wells Fargo Visa Signature Credit Card
Discovering Wells Fargo
With over 70 million customers in 35 counties, Wells Fargo is a multinational financial services company with operational headquarters in Manhattan, New York, and corporate headquarters in San Francisco, California.
Interestingly, Wells Fargo is the fourth-largest bank in the United States when it comes to total assets. The banking institution is also considered a giant because of its large bank deposits and market capitalization.
Wells Fargo’s services are easily accessible because the bank has over 8,000 branches and 13,000 ATMs in different parts of the world. It also offers online banking and mobile banking for its customers to access banking services and products anytime and anywhere.
Before becoming a well-known banking institution, Wells Fargo started small in 1852, founded by Henry Wells and William Fargo. Initially, it provided financial and banking services for customers to easily manage money, get help with financial problems, and build businesses.
Learning About Wells Fargo Services
At present, Wells Fargo offers a wide range of banking services and financial solutions to its customers. It has five main banking services and operations, which include Personal, Investing and Wealth Management, Small Business, Commercial Banking, and Corporate and Investment Banking.
Wells Fargo customers who would like personal banking services can enjoy the following options: checking, savings and CDs, credit cards, home loans, personal loans, auto loans, investing, as well as education and tools.
Each of the other banking operations of Wells Fargo has several specific banking services for its customers. For example, small business accounts can avail of merchant services, credit lines and loans, business resources, and much more.
Introducing Wells Fargo Credit Cards
One of the most popular and in-demand banking services from all banks today is credit cards. People want credit cards to purchase items and pay them off later. Most credit cards offer a great and unique set of rewards.
Wells Fargo is known to have a solid set of perks, benefits, and rewards schemes for its various credit cards. Most of its credit cards are straightforward in terms of the rewards scheme so that customers get great benefits.
Each of the credit cards offered by Wells Fargo suits its customers’ varying needs. As such, it is important to understand the perks and benefits of each credit card before applying for one. This will help you choose the card that will be most advantageous for your lifestyle.
Some of the most well-known Wells Fargo cards are the Wells Fargo Business Secured Credit Card, Wells Fargo Business Elite Signature Card, Wells Fargo Cash Card, Wells Fargo Reflect Card, and Wells Fargo Visa Signature Credit Card.
The Wells Fargo Visa Signature Credit Card
The Wells Fargo Visa Signature Credit Card works best for individuals who love shopping and traveling. It has great perks for grocery shopping, online purchases, booking travel, travel assistance, etc.
At a glance, customers can easily collect points for every purchase and redeem them for hotels, car rentals, cash, flights, and even cruises. The Visa Signature Credit Card is a great option for those who want to save points for their weekend or holiday plans.
Earning Reward Points While Using the Visa Signature Credit Card
Like any other credit card, Visa Signature Credit Card customers must know the rewards scheme to easily collect points. Thankfully, Wells Fargo offers a great points system for every Visa Signature Credit Card transaction.
Visa Signature Credit Card cardholders can earn one point for every dollar spent on all purchases. Aside from the default one point per dollar, Wells Fargo welcomes new cardholders with five reward points for every dollar spent on grocery, gas, and drugstore purchases.
However, the welcome bonus ends six months after opening the card account or after reaching the maximum spending limit of $12,500. Cardholders can earn up to 62,500 points through the welcome bonus, valued at roughly $900 for airfare or $625 for cash.
Earning Additional Points on Visa Signature Credit Card
Even on the next purchases after maximizing the welcome bonus promotion, Visa Signature Credit Card customers can still earn many points, especially if they shop often using the card.
Wells Fargo offers a way for cardholders of the Visa Signature Credit Card to earn additional points via online shopping at the Earn More Mall. Here, the reward points are not 1:1 for every dollar spent, but a percentage of the shopping total.
A Visa Signature Credit Card customer can earn 500 points for a $500 purchase with the Earn More Mall plus the rate offered by 500 participating retailers. This reward rate ranges from 1% to 10%, depending on the retailer. Customers can earn additional points by purchasing from Apple, Kohl’s, Home Depot, and more.
Redeeming Rewards From the Visa Signature Credit Card
The Wells Fargo Visa Signature Credit Card is best for customers who love to travel because the collected reward points can be redeemed to book travel.
Through the Wells Fargo travel portal, Wells Fargo Visa Signature cardholders can easily book flights, hotels, cruises, and car rentals. In addition, the bank supports no blackout dates, no minimum stay requirements, and no booking restrictions.
The Wells Fargo Visa Signature Credit Card covers some travel agency perks but only on the bank’s official travel portal. With this feature, customers do not have to book on other sites or contact agencies as the booking is already made easy by Wells Fargo.
Aside from booking travel, the collected Visa Signature Credit Card reward points can be redeemed for brand-name merchandise, gift cards, online auctions, and cashback. However, it is important to note that the reward points must be redeemed within five years from the date they were earned. Otherwise, they will expire.
Redeeming More Value for Airfare
It is also important to note that Visa Signature Credit Card rewards points are usually worth one cent for each redemption. However, Wells Fargo ensures that customers will gain more from using the Visa Signature Credit Card for traveling.
In fact, Wells Fargo implemented a 50% increase in points when booking a flight through the Wells Fargo Go Far Rewards travel portal. This means that the reward points have more value when purchasing air tickets.
Customers often move their earned reward points on other Wells Fargo cards to the Visa Signature Credit Card to enjoy a higher redemption rate on airfare. This is possible because Wells Fargo supports users pooling rewards across its card offerings.
Checking the Visa Signature Credit Card’s Other Benefits
Aside from the basic rewards scheme, Visa Signature Credit Card offers several more benefits to its customers. Most of the benefits and perks cover the shopping and travel of Visa Signature Credit Card holders.
The credit card offers cellphone insurance for all the devices paid monthly with the card. If the phone has been stolen, lost, or damaged, customers can get a reimbursement for the repair cost or replacement of the original phone.
Moreover, customers are entitled to Extended Warranty Protection for an additional year on items purchased using the card. There is also a Price Protection perk, wherein customers can get reimbursement of up to $250 if an item is advertised for less within 60 days.
The card also includes Purchase Security, which covers items purchased using the card for 90 days in the event of damage caused by fire, water, weather conditions, vandalism, or even theft.
Enjoying the Visa Signature Credit Card’s Travel Benefits
All Visa Signature cardholders are entitled to Trip Cancellation Protection up to $2,000 per person for non-refundable travel expenses. There is also the Lost Luggage Reimbursement for covered trips due to loss or theft of up to $3,000.
Moreover, Visa Signature cardholders can enjoy the Luxury Travel Collection benefit, including a room upgrade, daily continental breakfast, complimentary Wi-Fi, 3 PM late check out, and a $25 food and beverage credit.
Applying for a Wells Fargo Visa Signature Credit Card
To apply for the Visa Signature Credit Card, interested individuals are encouraged to log in on the Wells Fargo Website and look for the “APPLY” button. Then, they need to provide their name, permanent address, email, Social Security Number, and country of residence.
Besides the online application, it is also recommended to visit any Wells Fargo branch to inquire personally because customers can ask questions about the application process and the eligibility requirements.
Checking the Eligibility Requirements for Visa Signature Credit Card
Wells Fargo requires several conditions to be eligible to apply for a Visa Signature Credit Card. First, the bank wants the customers to have a good credit score between 700 and 749.
Cardholders must also be at least 18 years of age. If the applicant is below 21 years old, Wells Fargo requires a co-signer above 21 years old. Lastly, interested individuals must be either permanent residents of the US or a citizen.
Wells Fargo offers the Visa Signature Credit Card best suited for individuals who love to travel and shop.
Like any other credit card, Visa Signature Credit Card allows customers to collect reward points usually redeemable when booking for travels.
Disclaimer: There are risks involved when using credit card products. Always be sure to read the bank’s terms and conditions page for more information.