FlyerTalk Forums - View Single Post - Wells Fargo 5X rewards cap
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Old Jan 14, 15, 9:22 am
Join Date: Aug 2013
Posts: 78
Originally Posted by littlewinglet View Post
I've done as high as 150k/mo. Payments are instant from a WF checking account, and you CAN cycle the credit limit multiple times, but you have to wait for the charges to post first. What they don't like is people pre-paying more than the posted charges on the a way turning it into a debit card. This is what a CSR told me once.

With the new terms (excluding GCs from earning points) going into effect starting tomorrow, anyone with a sizable pending rewards balance would be wise to let off and let those points clear next statement. Even if their system doesn't flag GCs automatically, the new terms give them powers to shut down accounts and forfeit points, if they choose to do a manual review.
These are good points and good advice. I also cycle the line and wait for the charges to post first or at least I avoid having a negative balance. My line always increases immediately after whatever payment has posted. I have paid through WF checking, BofA checking (linked to WF) and 2 different Serve accounts. Only the Serve payments take awhile to be received by WF but that's not on WF. I've had the card 3 months, stopped getting fraud alerts 2 months ago (after constant flagging).
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