[8/12 Update] This card finally added a $12,500 cap, officially marking the end of unlimited 5x. As a card that’s really only worth keeping for the first six months, it can still be worth applying for if you’re determined to max out the full $12,500. After factoring in the 1% fee on Visa gift cards, it’s effectively like getting a credit card with a $500 signup bonus.

Wells Fargo Rewards Card Review

Apply now

Full review

Wells Fargo Rewards Credit Card

5x points at supermarkets, drugstores, and gas stations; no annual fee!

  • Welcome bonus: 5x on gas, grocery stores, and drugstores for the first 6 months (up to the first $12,500 spent)
  • Rewards: 1x points on all purchases
  • Redemption: 10,000 points = $100
  • Annual fee: $0
  • Apply now>>

Highlights

  • 5x at gas stations, grocery stores, and drugstores for six months: If you have especially high spending, you can really take advantage of this during the first six months. The 5x bonus is capped at the first $12,500 in spending, meaning you can earn up to $625 total.
  • Built-in cell phone protection: If you use this card to pay your monthly cell phone bill, you can receive up to $600 in coverage if your phone is damaged or stolen (with the first $25 paid out of pocket).
  • Free FICO score: Provides your Experian FICO credit score every month. See also: Which free credit score is the best
  • 0% APR for 12 months: You get 12 months of no interest on purchases and balance transfers after opening the card. See also: Introduction to 0% APR strategies

My Take

This card used to be legendary, since the 5x for the first six months originally had no cap. Because of that, some people were willing to take the risk and apply for it, then heavily buy Visa gift cards at drugstores and grocery stores to profit. Now it has finally added a $12,500 cap, officially marking the end of unlimited 5x. As a card that’s really only worth keeping for the first six months, it can still be worth applying for if you’re determined to max out the full $12,500. After factoring in the 1% fee on Visa gift cards, it’s effectively like getting a credit card with a $500 signup bonus.

Application

  • Approval difficulty: This card is moderately difficult to get. It’s recommended that you have at least 1 year of credit history, and having a checking account with them helps.
  • Application status: Wells Fargo application status check link (requires login or a verification code)
  • Things to note: This card is only available to U.S. permanent residents with a green card or U.S. citizens. If you have had any other credit card from this bank within the past 15 months, you will not be eligible for the signup bonus or 0% APR.

Application Link