Last edit by: muji
Churnable to get repeated 5x rewards?
Not possible
http://www.flyertalk.com/forum/22871522-post710.html
Update April 16, 2016: Still Not Churnable
http://www.flyertalk.com/forum/credi...l#post26511091
__________________________________________________ _____________
How to pay down CL quickly?
ACH push from other banks to wells fargo checking and then use that to pay credit card
Likely to get shut down if...?
- Have a negative balance
- Have a really high balance
- Cycling several times through your CL
- Calling in and getting caught by human eyes for suspicious activities.
To check what your 5X/5% window is:
In the rewards account, go to My Rewards -> Account Activity and the days left on the promo will show up at the top....looks like a pie chart.
To check which transactions get 5X/5% before your statement posts
Now, to check if new transactions are eligible for 5X before statement closes, go to "My Rewards" on the top and click "Activity" and set the start/end dates. You should see a "bonus earning" for 4% extra cash back for anything that's eligible.
Caps on 5x / 5%??
There are no more caps.
What to do when transaction not going through due to FA?
Human @ fraud prevention line is 877-575-0462 (to verify charges if locked out) (Update 3-3-15 - Phone number no longer in service per this post)
Automated response number was 800-446-0664
Not possible
http://www.flyertalk.com/forum/22871522-post710.html
Update April 16, 2016: Still Not Churnable
http://www.flyertalk.com/forum/credi...l#post26511091
__________________________________________________ _____________
How to pay down CL quickly?
ACH push from other banks to wells fargo checking and then use that to pay credit card
Likely to get shut down if...?
- Have a negative balance
- Have a really high balance
- Cycling several times through your CL
- Calling in and getting caught by human eyes for suspicious activities.
To check what your 5X/5% window is:
In the rewards account, go to My Rewards -> Account Activity and the days left on the promo will show up at the top....looks like a pie chart.
To check which transactions get 5X/5% before your statement posts
Now, to check if new transactions are eligible for 5X before statement closes, go to "My Rewards" on the top and click "Activity" and set the start/end dates. You should see a "bonus earning" for 4% extra cash back for anything that's eligible.
Caps on 5x / 5%??
There are no more caps.
What to do when transaction not going through due to FA?
Human @ fraud prevention line is 877-575-0462 (to verify charges if locked out) (Update 3-3-15 - Phone number no longer in service per this post)
Automated response number was 800-446-0664
Wells Fargo 5X rewards cap
#32
Join Date: Mar 2013
Posts: 809
#33
Join Date: Jan 2012
Posts: 757
Just got it after having to fax in copies of my paychecks. Puny line ($2k), rejected my first purchase at CVS (only one VR), not off to a good start. Most other banks give me 10K plus lines. I only care about the line based on the reports that going over results in shutdown.
#34
Join Date: Dec 2012
Location: JFK
Programs: *$ Gold :)
Posts: 1,061
Just got it after having to fax in copies of my paychecks. Puny line ($2k), rejected my first purchase at CVS (only one VR), not off to a good start. Most other banks give me 10K plus lines. I only care about the line based on the reports that going over results in shutdown.
having 100 times larger combined other CLs
#35
Join Date: Aug 2011
Location: On the Lake USA
Programs: Marriott Ambassador, Hilton Diamond because they have nothing higher
Posts: 523
limits very low for many people and if you overpay they shut you down often and even over paying doesn't often post to CL for 15 days. Several of us in a group have all the same issues. 5% card is much better at bank of the intersection and house of pooch
#36
Join Date: Sep 2012
Location: IAD/DCA
Programs: Bunch of mid-tiers
Posts: 1,034
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
Anyone have any experience with this? I wonder how a CC company would treat this transaction
#37
Join Date: Apr 2002
Posts: 2,949
It seems that unless you have a relationship with Wells Fargo, credit limits are coming across very low, or applications are getting denied. I have the 5% card and their fraud detection department watches closely when they see repetitive activity. I finally have things resolved with them, but have also been with Wells Fargo for many years, so they have been very cooperative. However, I have a friend who funded a checking account with $10K just for the purpose of obtaining a credit card with them, and about a week after charging about $5K to his new credit card, Wells Fargo shut him down.
In terms of charging over your credit limit, that is a no-no. Even if you have overdraft protection, they will hit you with an over the limit fee.
In terms of charging over your credit limit, that is a no-no. Even if you have overdraft protection, they will hit you with an over the limit fee.
#38
Join Date: Aug 2013
Posts: 97
Same for me. No checking account but my mortgage is with them so I got the rebate card. Limit was very low, and they closed the first statement after about a week. Otherwise no issues yet with repeated VR/GC purchases at grocery/drugstores. Should end up net $1k after the six months.
#39
Join Date: Dec 2012
Location: JFK
Programs: *$ Gold :)
Posts: 1,061
To somehow overcome lower CL.
#40
Join Date: May 2013
Posts: 1,153
#41
Join Date: Aug 2013
Location: Kansas City
Posts: 193
I got the WF Home Rebate Visa which gives you 3% for 12 months, then I found this card and applied for it too. One rule of thumb I do is to not go over the CL and pay the amount. It's fairly low CL but managable. I wouldn't recommend paying off the balance and keep buying to get their attention
#42
Join Date: Apr 2002
Posts: 2,949
Although I usually pay off the account before the statement closes, I've never tried to charge, pay-off, charge, pay-off, etc. during the same billing cycle. I though I read a post somewhere that stated you can't exceed your overall credit limit in a billing cycle even if you pay it off before making additional charges; however, I could be incorrect on that statement. My memory isn't what it used to be.
#45
Join Date: Jun 2013
Posts: 1,060
My sincere guess is that you are all joking - or very jaded. This card is essentially giving me 250 dollars for a cost of 40 dollars, with close to ZERO effort. I have done this 4 times, with one more left and then I am maxed out (from what I read - though can find no proof of). Either way. for a cost of 200 dollars I am given 1250 in CASH. What is wrong here? I then use that cash to pay for all my 5x charges on Ink and turn them into miles
What am I missing??
What am I missing??