RateHerald

Our illustration, not the card’s design

Wells Fargo credit card

Our Best Rewards Credit Card

No annual fee. 20,000 points after you spend $1,000 in 3 months. Purchase APR 18.74–28.74%, variable. No foreign transaction fees.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR · variable
Foreign transactions

Select an underlined figure to see where it comes from.

Wells Fargo’s terms

Welcome offer

20,000 points

After you spend $1,000 on purchases in your first 3 months.

Spending it takes
$333 a month
for 3 months
Tracking since
Sep 29, 2026
history will chart every change

The bonus rewards points will show as redeemable within 60 days after they are earned; the stated cash redemption value is $200.

  • Smaller than about 65% of the 44 other points bonuses we track.

Who can get it: If you’ve had this bonus in the last 48 months (4 years), you can’t get it again yet.

“You may not be eligible for introductory annual percentage rates, fees and/or rewards bonus offers if you have the card product you are applying for or opened one within the last 48 months from the date of the 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.

SpendingValue against the feeFirst yearAfter
Light spender$370$170
Typical spender$655$455
Heavy spender$1,365$1,165
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

$170a year

$370 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500.

$455a year

$655 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.

$1,165a year

$1,365 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.

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 95% of the 732 cards we track.

  • No annual fee, like about 100% of the 50 cards on our No annual fee list (see the list).

Other points cards with no annual fee

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

Wells Fargo Rewards

How you earn

3×
RestaurantsTravelgas & transit (gas stations, automated fuel dispensers, and electric vehicle charging stations)gas & transit (transit: passenger railway, taxis, limousines, ferries, toll bridges and highways, parking lots and garages)Popular streaming servicesPhone plans
1×
Everything else

Points per dollar.

Benefits

  • No foreign transaction fee on purchases converted to U.S. dollars.
  • Visa Signature Concierge: complimentary 24/7 concierge for tickets, travel booking, dinner reservations and more; cardholder pays for any goods or services arranged.
  • Visa Signature Luxury Hotel Collection: premium benefits at selected hotels; reservations must be booked on a Visa Luxury Hotel Collection website or through Visa Concierge; resort fees covering benefits are not reimbursable; some restrictions apply.
  • Autograph Card Exclusives: access to tickets to live events during specified sales windows, first come first served, availability limited.
  • My Wells Fargo Deals: personalized merchant deals; activate the deal and pay with the eligible card directly with the merchant by the expiration date to earn cash back as an account credit within 60 days; payments with digital wallets or third-party providers may not qualify.
All 11 benefits
  • Cell phone: $600 per approved claim
  • Rental car
  • Roadside
  • Emergency assistance
  • Other
  • Other

Every figure with its receipt

Rates and fees

Annual fee
Purchase APRvariable
Intro APR12 months from date of account opening
Balance transfer APR
Balance transfer fee
Cash advance APR
Cash advance fee
Late payment
Foreign transactions
Grace period
Minimum interest charge

Before you apply

  1. 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).
  2. 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)
  3. The bonus: If you’ve had this bonus in the last 48 months (4 years), you can’t get it again yet.

Questions

What is the annual fee?
None · wellsfargo.com, since Oct 8, 2026
Does it charge a foreign transaction fee?
No. · wellsfargo.com, since Oct 1, 2026
What is the purchase APR?
18.74–28.74% APR · wellsfargo.com, since Sep 29, 2026
Is there an intro APR?
0% for 12 months from date of account opening. · wellsfargo.com, since Sep 29, 2026
Is there a welcome bonus?
20,000 points after $1,000 in purchases in 3 months. · wellsfargo.com, since Sep 30, 2026
See it on wellsfargo.com

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