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

gloreglabert Aug 21, 13 5:29 pm


Originally Posted by newbynewbynew (Post 21309536)
If you don't have a Wells account, you have to apply in person. Oh fun.

Can you open a checking account online?

silver6054 Aug 21, 13 10:11 pm

I've been looking around for cards to (mis)use when my 5x TYP expires, and this looks reasonable for 6 months. But..., my mortgage is with WF. Trying to think if that could potentially be a problem if they don't like manufactured spend, and close the credit card. I know they can't change the terms of the mortgage (a 15 year fixed) but are there other dangers?

Silverthunder Aug 22, 13 11:54 pm


Originally Posted by silver6054 (Post 21314749)
I've been looking around for cards to (mis)use when my 5x TYP expires, and this looks reasonable for 6 months. But..., my mortgage is with WF. Trying to think if that could potentially be a problem if they don't like manufactured spend, and close the credit card. I know they can't change the terms of the mortgage (a 15 year fixed) but are there other dangers?

Can't think up any dangers. YOu should be good.

CrediPig Sep 25, 13 1:54 pm

I've been thinking of getting the Wells Fargo Rewards Card as well. I would like to use it to make MF purchases at drugstores, gas stations, and grocery stores to get the 5% back. Then after 6 months, I could get one for the SO and do the same thing.

Does anyone have experience wih this card? Do they shut people down for MF? What are some reasonable monthly limits? $10K? $20K?

https://www.wellsfargo.com/credit-cards/rewards/

raccah Sep 25, 13 5:56 pm

LOL!!! I have been with WF for YEARS! I spend LOTS of money with them and when I got the card I went into my usual MF mode - OOPSS! BAD IDEA!!! :D

They kept frauding me and I kept fuming at them. Finally, I spoke to the correct person and he asked me the magic words - "is this going to be your usual usage pattern"?? In other words, are you actually going to MF on this card? I said yes, and a few days after that, I have been fine.

So, when you get it, call them and tell them or what ever you do, be happy you got the money and move on.

newbynewbynew Sep 26, 13 9:53 am

Make sure you have a relationship with them. I went into a branch, got a checking account and was lo and behold pre-approved for this card. only $8K CL and they do NOT like it if you use more than your CL from my experience.

fetchercity Oct 9, 13 12:34 pm

Is cashback unlimited on the 3% college card?

lovenola Oct 10, 13 10:37 am

wells fargo 5% cash back cc
 
Just noticed this card when logging in to my checking account this morning. 5% back at grocery store, gas stations, and drugstores for 6 months with no limits. Is anyone else using this card and hitting it hard? Shutdown reports or anti-fraud headaches?

TheDapperDon Oct 10, 13 10:39 am


Originally Posted by lovenola (Post 21586230)
Just noticed this card when logging in to my checking account this morning. 5% back at grocery store, gas stations, and drugstores for 6 months with no limits. Is anyone else using this card and hitting it hard? Shutdown reports or anti-fraud headaches?

There is a thread in the general CC rewards forum on this card, I think.

cashback Oct 10, 13 10:42 am


Originally Posted by lovenola (Post 21586230)
Just noticed this card when logging in to my checking account this morning. 5% back at grocery store, gas stations, and drugstores for 6 months with no limits. Is anyone else using this card and hitting it hard? Shutdown reports or anti-fraud headaches?

From what I have read, they wont allow you to spend over your CL in any given statement period, regardless if you make multiple payments. Also, CL's tend to be on the low side from WF.

cardinalkid1891 Oct 10, 13 10:46 am


Originally Posted by cashback (Post 21586272)
From what I have read, they wont allow you to spend over your CL in any given statement period, regardless if you make multiple payments. Also, CL's tend to be on the low side from WF.

One poster on FW reported being able to do go over his CL, so it looks like YMMV

RFDMinnesota Oct 10, 13 10:48 am

What I'd be more interested in is the funding of a checking account with a CC. When you look online at opening a checking account, there's something along the lines of "We make it easy to fund your account" and specifically lists the option to fund your account with a CC.

Anyone have any experience with this? I wonder how a CC company would treat this transaction

cashback Oct 10, 13 10:50 am


Originally Posted by RFDMinnesota (Post 21586296)
What I'd be more interested in is the funding of a checking account with a CC. When you look online at opening a checking account, there's something along the lines of "We make it easy to fund your account" and specifically lists the option to fund your account with a CC.

Anyone have any experience with this? I wonder how a CC company would treat this transaction

There are many checking accounts like this. There are initial load limits and sometimes(not often) they do charge them as a CA. There is an entire thread over on FW dedicated to this(I think).

mfFrom35K Oct 10, 13 10:54 am

FYI, there is an extensive post on this on Fat Wallet. I have the card and a decent sized credit line but there are some problems that are articulated on Fat Wallet. It is actually hard to pay Wells Fargo and get the credit line reinstated after maxing out. I am using a verified checking account to pay online via ACH but it is limited to $5k per month and they put a 5 day hold on it. So I had to send in a paper check. I plan on opening a Wells Fargo checking account to eliminate this problem next month as was going to use a credit card to fund it. I think it is likely to post as a purchase with Chase but will take my chances. I am waiting a few days to see if there is a new Wells Fargo checking account promotion this month. Last month there was a $150 bonus.

LoveMountains Oct 10, 13 11:02 am


Originally Posted by RFDMinnesota (Post 21586296)
What I'd be more interested in is the funding of a checking account with a CC. When you look online at opening a checking account, there's something along the lines of "We make it easy to fund your account" and specifically lists the option to fund your account with a CC.

Anyone have any experience with this? I wonder how a CC company would treat this transaction

You can not fund a checking account with a CC if you'd open in a branch.
Don't know about online, but I've heard that it is a huge pain to open a WF account online.


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