Apr 10, 2014, 10:55 am
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
Apr 15, 2014, 4:29 pm
#571
Join Date: Feb 2014
Posts: 24
What is the preferred method of paying off the credit here? I know that paying through a WF acct frees up the CL instantly. However, what if I don't use my WF as my primary acct. What's the best way to fastest money to the acct? I see that doing a pull from a linked acct takes 3 biz days. That seems pretty long if you are trying to quick pay. Trying to figure out if I am missing something here.
Apr 15, 2014, 4:48 pm
#572
Join Date: Apr 2013
Posts: 584
What is the preferred method of paying off the credit here? I know that paying through a WF acct frees up the CL instantly. However, what if I don't use my WF as my primary acct. What's the best way to fastest money to the acct? I see that doing a pull from a linked acct takes 3 biz days. That seems pretty long if you are trying to quick pay. Trying to figure out if I am missing something here.
Anyway I opened up a WF account just for this purpose and kept it as full as possible at all times. Purchases post overnight, so a few clicks and my credit line is reset immediately everyday with no lag. Adding cash at an ATM is a last minute option too, that works immediately.
Apr 15, 2014, 5:41 pm
#573
Join Date: Oct 2013
Programs: Hyatt Globalist No More..., Hyatt Explorist, Hilton Diamond, SPG Platinum, Marriott Platinum
Posts: 4,375
Apr 15, 2014, 5:50 pm
#574
Suspended
Join Date: Mar 2014
Posts: 117
Thanks for the reply amolkold. I was too cheap to try out for myself (card is loaded with a lot of fees). I have to load 1K each to each card for maximum benefit( to avoid fraud alerts, I have to spend big on a particular card, little amount of spend (test amount) throws them off. My hesitation is because I am afraid to load 1k and get only 1x instead of 5x and have to pay the fees to unload.
I am very cheap.
I am very cheap.
Apr 15, 2014, 6:32 pm
#575
Join Date: Feb 2014
Posts: 24
Apr 15, 2014, 11:06 pm
#577
Join Date: Aug 2013
Posts: 240
One option that worked for me was calling up and having them manually initiate an ACH. Not sure it's the wisest thing to do but I did do one a couple of days ago.
Apr 16, 2014, 8:17 am
#578
Join Date: Apr 2012
Location: Uranus
Posts: 333
No mention of exceeding CL but I'm sure that's the implication.
Account unlocked but will probably limit to 1x CL going forward unless there are other data points suggesting that it doesn't matter....
Apr 16, 2014, 8:27 am
#579
Join Date: Jul 2012
Location: PA
Posts: 126
Well, finally called in and was told that I overpaid (which I did not). They could not tell me when it actually happened since it never did but I didn't push it too much.
No mention of exceeding CL but I'm sure that's the implication.
Account unlocked but will probably limit to 1x CL going forward unless there are other data points suggesting that it doesn't matter....
No mention of exceeding CL but I'm sure that's the implication.
Account unlocked but will probably limit to 1x CL going forward unless there are other data points suggesting that it doesn't matter....
As others have stated be careful about the timing of your payments and the actual posting of charges. While you might have purchased 5k at CVS yesterday, it might be pending and not post until 2-3 days later. If a payment posts during this pending time, you've overpaid.
I also received a call the other day informing me that I've "exceeded my credit line" and that it would be better to request a CLI. No lock or mention of shutdown, just that it would be better to request an increase.
Apr 16, 2014, 8:38 am
#580
Join Date: Apr 2012
Location: Uranus
Posts: 333
I once accidentally overpaid by about 400-500 and also got locked. A quick call resolved the issue and no mention of going 2-3x over CL (15k line).
As others have stated be careful about the timing of your payments and the actual posting of charges. While you might have purchased 5k at CVS yesterday, it might be pending and not post until 2-3 days later. If a payment posts during this pending time, you've overpaid.
I also received a call the other day informing me that I've "exceeded my credit line" and that it would be better to request a CLI. No lock or mention of shutdown, just that it would be better to request an increase.
As others have stated be careful about the timing of your payments and the actual posting of charges. While you might have purchased 5k at CVS yesterday, it might be pending and not post until 2-3 days later. If a payment posts during this pending time, you've overpaid.
I also received a call the other day informing me that I've "exceeded my credit line" and that it would be better to request a CLI. No lock or mention of shutdown, just that it would be better to request an increase.
Interesting data point about the CL call - have not heard that one before.
Apr 16, 2014, 8:56 am
#581
Join Date: Jul 2013
Posts: 1,036
I am extremely careful about never paying anything until the charges post, so there is virtually 0% that this is legit, unless their systems are just mind-bogglingly off, which is possible given it's WF.
Interesting data point about the CL call - have not heard that one before.
Interesting data point about the CL call - have not heard that one before.
Apr 16, 2014, 9:06 am
#582
Join Date: Apr 2012
Location: Uranus
Posts: 333
I've read through the entire thread, am aware of similar calls. Aside from that 1 guy with $10k in rewards, have yet to actually hear of shutdowns though, which I guess is a good sign...
Apr 16, 2014, 9:28 am
#584
Join Date: Apr 2012
Location: Uranus
Posts: 333
That's what they want you to do, BUT there have been very few actual shutdown reports.... so to this point, those that have ignored the warnings have been fine
Apr 16, 2014, 9:30 am
#585
Join Date: Jul 2013
Posts: 1,036
I only did 1x in the first month. I'm almost through month 5. I actually can't wait for it to be over.