Our illustration in the card’s colours, not its design
Wells Fargo credit card
Choice Privileges Mastercard
- Bonus down · 60,000 to 40,000 · Nov 1, 2026
No annual fee. 40,000 Choice Privileges points after you spend $1,000 in 3 months. Purchase APR 19.24–28.49%.
Checked Nov 1, 2026Updated
- Welcome offer
- Receipt · Welcome offerChecked Nov 1, 2026
Issuer's page · wellsfargo.com
“Earn 40,000 bonus points when you spend $1,000 in purchases in the first 3 months 1 - enough to redeem for up to 5 reward nights at select Choice Hotels® properties.”
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · wellsfargo.com
“$0 Annual Fee”
- Purchase APR
- Receipt · Purchase APRChecked Nov 1, 2026
CFPB credit card survey · Reported to the CFPB, Dec 31, 2025
The source states this figure; we have no exact sentence on file yet.
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · wellsfargo.com
The source states this figure; we have no exact sentence on file yet.
Select an underlined figure to see where it comes from.
Wells Fargo’s terms
Welcome offer
40,000 points
After you spend $1,000 on purchases in your first 3 months.
- Spending it takes
- $333 a month
- for 3 months
- Tracking since
- Nov 1, 2026
- history will chart every change
Net purchases must post within 3 months from the date the account is opened. Bonus points show as redeemable within 60 days after they are earned. Cash advances and cash equivalents, balance transfers, disputes/illegal purchases, fees and interest, and gambling transactions do not count toward the spend requirement. Cash advances and balance transfers may affect the credit line available for this offer. Refer to the Choice Privileges® Mastercard® Credit Card Rewards Program Agreement Terms and Conditions for details.
- Below its best earlier offer we’ve seen: 60,000 Choice Privileges points.
Who can get it: If you’ve had a bonus on this card or one of its family in the last 15 months, you can’t get it again yet.
“You may not be eligible for the introductory bonus rewards offer if you opened a Choice Privileges Mastercard Credit Card or a Choice Privileges Select Mastercard Credit Card within the last 15 months from the date of this application, even if that account is closed and has a $0 balance.”
The issuer’s terms, from its page, as of Oct 7, 2026. Check which bonuses you can get
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $310 | $110 | |
| Typical spender | $445 | $245 | |
| Heavy spender | $675 | $475 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: not counted: 5x Choice Privileges point purchases; points valued at an assumed 0.5¢; not counted: 5x Points on stays at participating Choice Hotels® properties.
$110a year
$310 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: not counted: 5x Choice Privileges point purchases; points valued at an assumed 0.5¢.
$245a year
$445 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: not counted: 5x Choice Privileges point purchases; points valued at an assumed 0.5¢.
$475a year
$675 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: not counted: 5x Choice Privileges point purchases; not counted: 5x Points on stays at participating Choice Hotels® properties; points valued at an assumed 0.5¢.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 65% of the 732 cards we track.
- No annual fee, like about 85% of the 711 cards we track.
- Lower top APR than about 35% of the 163 cards on our Sign-up bonuses list (see the list).
Other points cards with no annual fee
- Kirtland FCU VISA PLATINUM REWARDSKirtland Federal Credit Union · No annual fee+$510 a year
- CareCredit MastercardSynchrony · No annual fee+$465 a year
- Advanced Financial FCU Everyday Rewards VisaAdvanced Financial Federal Credit Union · No annual fee+$450 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Choice Privileges® Mastercard® Credit Card Rewards Program
How you earn
- 5×
- Points on stays at participating Choice Hotels® propertiesChoice Privileges point purchases
- 3×
- gas stationsgrocery storeshome improvement storesphone plan services
- 1×
- Everything else
Points per dollar. “What it’s worth” values a point at an assumed 0.5¢.
Benefits
- Automatic Choice Privileges Gold Elite membership.
- Receive 10 Elite Qualifying Nights each calendar year, guaranteeing Choice Privileges Gold Elite status and benefits. An active Choice Privileges Rewards Program member account must be linked to the card account.
- Earn a 10% bonus on base Choice Privileges points for qualifying stays at participating Choice hotels when holding Gold Elite membership.
- Fast-track higher Choice Privileges Elite status and rewards through qualifying card-earned points and status thresholds.
- Milestone Rewards may include bonus points or gift cards when qualifying Milestone Qualifying Nights or Milestone Qualifying Credits thresholds are reached.
All 8 benefits
- No foreign transaction fee on purchases converted to U.S. dollars.
- Mastercard World Elite benefits, including access to security benefits, exclusive offers, concierge, and travel and lifestyle services.
- Cell phone: $800 per approved claim; maximum of two paid claims per 12-month period
Changes
- Nov 1, 2026 Bonus 60,000 to 40,000
Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · wellsfargo.com “$0 Annual Fee” |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 CFPB credit card survey · Reported to the CFPB, Dec 31, 2025 The source states this figure; we have no exact sentence on file yet. |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · wellsfargo.com The source states this figure; we have no exact sentence on file yet. |
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
- The bonus: If you’ve had a bonus on this card or one of its family in the last 15 months, you can’t get it again yet.
Questions
- What is the annual fee?
- $0 · wellsfargo.com, since Nov 1, 2026
- Does it charge a foreign transaction fee?
- No. · wellsfargo.com, since Sep 29, 2026
- What is the purchase APR?
- 19.24–28.49% APR · Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
- Is there a welcome bonus?
- 40,000 Choice Privileges points after $1,000 in purchases in 3 months. · wellsfargo.com, since Nov 1, 2026