Wells Fargo launches New Rewards Credit Card
Wells Fargo launches New Rewards Credit Card
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Wells Fargo continues to improve and expand its line of consumer credit cards, this time with the new Wells Fargo Autograph℠ Card*.

This no-annual-fee rewards card takes center stage with compelling benefits: Earn unlimited 3X points on top spending categories including dining, travel, gas, public transportation, popular streaming services, and calling plans. The signature card is currently available in select markets, but is expected to be available nationwide in mid-July.

The Autograph Card follows last year’s launch of the Wells Fargo Active Cash® Card and Wells Fargo Reflect℠ Card for cash rewards and balance transfers, respectively—not to mention a partnership with the Bilt Rewards Mastercard®.

Essentially, this card offers something unique in the already crowded rewards card space: higher rewards rates for common spending categories without the tracking or activation hassles that some high-income cashback cards require. With no annual fee, this card provides the right cardholder with a hassle-free rewards experience.

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Wells Fargo Autograph Card Details

Quick Highlights

  • Reward Rate: 3X points on restaurants, travel and public transportation, gas stations, popular streaming services and phone plans; 1X points on other purchases
  • Welcome Offer: 30,000 Bonus Points worth $300 in cash after spending $1,500 in the first three months
  • Annual fee: $0
  • Introductory Purchase APR: Introduced Purchase APR of 0% for the first 12 months after account opening, followed by variable APRs of 16.49%, 21.49% or 26.49%.

This card lives up to your expectations for a rewards card. You can get a nice welcome bonus and a better cashback rate in the everyday spend category, and there is no limit to the number of points you can earn.

If you have a large purchase, an introductory APR offer can help you spread your interest-free payments over a longer period of time. Like other major card issuers, Wells Fargo cardholders can redeem rewards through Wells Fargo Rewards while earning additional points through My Wells Fargo Deals, a merchant-funded marketplace for shopping, dining, and experiences .

Other card benefits include cell phone protection when customers use their signature card to pay their monthly cell phone bill, and zero liability protection so customers are not responsible for unauthorized transactions if reported promptly. Cardholders can also get these standard Wells Fargo credit card benefits:

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  • Comprehensive car rental insurance
  • Emergency cash card
  • Roadside transportation
  • Travel and emergency assistance services
  • Visa Signature Concierge Service
  • Access to the Visa Signature luxury hotel collection

How is the Wells Fargo Signature Card different?

Not only did the autograph card bring a refreshing change in the addition and simplification of rewards, but it seemed to be a real product of consumer feedback.

“Our customers tell us that when it comes to their credit card preferences, they tend to focus on three key areas: cash back, value and rewards,” said Krista Phillips, executive vice president, head of branded cards and marketing, Wells Fargo Credit Cards. Press release. “So we take their feedback to heart, as evidenced by every new card we launch – Active Cash, Reflect and Autograph – you can see our focus on delivering competitive offers in each category. ”

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Who Should Get a Wells Fargo Signature Card?

The Wells Fargo Autograph Card is definitely a step in the right direction for the issuer’s plans to enhance their consumer credit card offerings. Higher, simpler income is nice, but there’s still progress to be made on the rewards program, especially the travel redemption option.

Unlike other popular credit card rewards programs like American Express Membership Rewards or Chase Ultimate Rewards, Wells Fargo Rewards doesn’t allow cardholders to transfer rewards to hotel or flight partners, which can be disruptive for some travel enthusiasts trade. Collect rewards for discounted travel options. We’ve also found that the redemption option doesn’t add to the reward value like many of the best travel credit cards do.

Aside from the lack of these travel features, we can still recommend this card because the issuer has delivered on its promise to improve the credit card product. It’s very likely that Wells Fargo is working on a premium travel card to offer some features that Autograph lacks.

Meanwhile, if you’re looking for more rewards with a no-annual-fee card and don’t currently need elite travel benefits, Autograph could be a good option.

*Wells Fargo Autograph℠ card information was collected independently from Eragoncred.com. The card details have not been verified or approved by the card issuer.

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