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-   -   Wells Fargo 5X rewards cap (https://www.flyertalk.com/forum/credit-card-programs/1495478-wells-fargo-5x-rewards-cap.html)

drminn Dec 4, 13 4:56 pm

Went to the WF branch today to deposit a check and the banker tried to convince me to apply for the CC. He implied there was a version "by invitation only" that has a whole slew of benefits I had never heard of, such as "up to $200 credit per year for veterinary care, $250 for car mechanic, concierge service, 5% back on all purchases, no annual fee, and on and on". Has anybody heard of such a card, or was he smoking something?

newbynewbynew Dec 5, 13 8:43 am

Has anyone got a rewards card AND a cash card? In either order? My 6 months is almost up and would like to churn if possible.

cowboyguy Dec 13, 13 10:48 am

Why is there not much talk about this card? Running 10k per month in MS (60k in 6 months) will generate $3k in cash back. Isn't this card an absolute no brainer? Am I missing something here?

tjbrooks Dec 13, 13 11:32 am


Originally Posted by cowboyguy (Post 21960377)
Why is there not much talk about this card? Running 10k per month in MS (60k in 6 months) will generate $3k in cash back. Isn't this card an absolute no brainer? Am I missing something here?

Why do you want more talk about it?

newbynewbynew Dec 13, 13 1:18 pm


Originally Posted by cowboyguy (Post 21960377)
Why is there not much talk about this card? Running 10k per month in MS (60k in 6 months) will generate $3k in cash back. Isn't this card an absolute no brainer? Am I missing something here?

1. Blogs don't get referral fees for it
2. Why only 10k? If you have a decent credit line, you can ramp up much more, although I wouldn't go over CL first statement but I'm sure some do and live to tell about it :D I only have an $8K but am up to $20K a month with 3 months left. Plenty of different games you can play with this one.

cowboyguy Dec 13, 13 2:04 pm


Originally Posted by newbynewbynew (Post 21961170)
1. Blogs don't get referral fees for it

LOL

cowboyguy Dec 13, 13 3:18 pm

Before applying for their CC, I want to open a checking account. I just called a branch and talked to their personal manager who said there's a $50 checking account bonus promotion going on that expires in a couple of days. I read on some of the websites that there's a $75 and even $100 bonus promo but they're YMMV. Do you think I should apply in the branch and get the $50 or would it be safe to applying for the higher checking bonus offers?

rgAAFT Dec 13, 13 5:06 pm

Be mindful of the possibility of IRS 1099 on checking account bonus offers,however remote

Duffman Dec 17, 13 8:53 pm

I just applied for a checking account and was pre-approved for the 5% cc. Should get it mid-late next week and really excited (minus the fraud dept calls) to go meet my lovelies at CVS again!

Will post back results

vwks2006 Dec 21, 13 6:16 am


Originally Posted by Duffman (Post 21984880)
I just applied for a checking account and was pre-approved for the 5% cc. Should get it mid-late next week and really excited (minus the fraud dept calls) to go meet my lovelies at CVS again!

Will post back results

Where did you see the pre-approval? Was this online or in branch?

Duffman Dec 22, 13 2:14 pm

Wells Fargo 5X rewards cap
 
At the local branch

rymetymeuk Dec 23, 13 8:56 am

well my update is that I tried and tried again to get the 5% category applied to my account, but they declined. So I closed it.

Sucks. I now hate WF! congrats to all who did get it, you'll profit nicely off this one!

ibleed0range Dec 23, 13 10:09 am


Originally Posted by rgAAFT (Post 21890880)
All I can tell you is

call again and ask to speak to the rewards department General CSR may give you mis information. Any questions regarding rewards are handled by the rewards department only. When I first activated my card the frontline CSR did not see the bonus offer at first but then transferred me over to rewards where they did confirm the bonus

when everything goes smoothly, one line should read 1X base earning and another line below should read 5X bonus for drug stores ... Ask to speak to manager if need be and also would not hurt to mention the SM you received confirming the bonus.
Hope that helps

Does the 5x bonus line show up for each transaction after it posts or just on the statement? I got the card a month ago and they confirmed over the phone 5x for first 6 months but nothing shows up below my posted transactions that indicates a bonus.

farwest101 Dec 23, 13 10:11 am


Originally Posted by rymetymeuk (Post 22015619)
well my update is that I tried and tried again to get the 5% category applied to my account, but they declined. So I closed it.

Sucks. I now hate WF! congrats to all who did get it, you'll profit nicely off this one!

What's the harm in applying again for 5x? Are you precluded from getting the offer somehow?

rymetymeuk Dec 23, 13 10:53 am

no I don't think so, I had applied outside of my usual churn so I think I got unfavorable terms due to my recent account opening with other providers tbh.

right now I'll just give it a break from applying, if it's still available next year around July I may apply again. I don't want to take another hard inq. for nothing.


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