Originally Posted by
kcblakely
If you are churning the
5x Wells Fargo card, be aware there's a 120K (calendar) yearly cap on rewards.
Don't be like me and discover you've just wasted $25K of churn.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
I found this out about 10 days ago when my statement hit and I wasted about 7K in spend which is $55.3, I was pissed then I realized wells had already given me $1200 so I got over it.