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

cashback Oct 11, 13 1:30 pm


Originally Posted by raccah (Post 21592358)
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??


That a lot of churners on here want to make $1250 in a week or two. Not 6 months. Yes this card is fine if you only want to churn up to your CL.

raccah Oct 11, 13 1:33 pm


Originally Posted by cashback (Post 21592555)
That a lot of churners on here want to make $1250 in a week or two. Not 6 months. Yes this card is fine if you only want to churn up to your CL.

Or in my case - FAR LESS. My CL is 13K, and I ONLY do 4K to 5K a month. No need to be too greedy here, that is what DD and FT have taught me. Be smart - not greedy!

cashback Oct 11, 13 1:34 pm


Originally Posted by raccah (Post 21592566)
Or in my case - FAR LESS. My CL is 13K, and I ONLY do 4K to 5K a month. No need to be too greedy here, that is what DD and FT have taught me. Be smart - not greedy!

To each his own.

TheDapperDon Oct 11, 13 1:38 pm

I think you can be smart AND greedy, but it depends on the deal and the issuer.

jk2 Oct 11, 13 2:15 pm

I don't have a checking account with them, but I was able to get this card (I applied online). My CL is only $1K. There are no real opportunities for MS in my case. I just do $1K in purchases, then pay the balance and wait for the next month.

saaru Oct 13, 13 8:28 pm


Originally Posted by raccah (Post 21592358)
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??

I agree with you. This is a good opportunity. The way I look at it is for 50K spend in 6 months you get a bonus of 2K. Not bad by a long shot.

dogbyte Oct 13, 13 9:47 pm


Originally Posted by cashback (Post 21592555)
That a lot of churners on here want to make $1250 in a week or two. Not 6 months. Yes this card is fine if you only want to churn up to your CL.

I don't think there are many opportunities available where you can make $1250 in a week or two. You have to look at the big picture. How many credit cards are available that afford you to opportunity to make 1k or more depending on your credit limit? You may not get a large opening bonus instantaneously, but the time it takes is minimal if all you're doing is buying VRs and loading it onto your BB card.

cashback Oct 13, 13 10:03 pm


Originally Posted by dogbyte (Post 21603100)
I don't think there are many opportunities available where you can make $1250 in a week or two.

Not anymore. But many currently have this opportunity, including myself. So when I make that statement, it is comparing it to my current situation and I was answering a question on why it's not more popular.

TTT103 Oct 21, 13 5:32 am

Does anyone know what merchant category Target purchases code to on this card (i.e., grocery store, department store, etc.)? I tried using the Visa merchant code look-up system without success.

Elmatador Nov 5, 13 5:52 pm

Whoa, you guys are telling here that you spend 5K per month for CVS relods and Wells fargo does NOT even care and pay out all the points? 5K/m for MS and no shut downs?

TTT103 Nov 5, 13 6:05 pm


Originally Posted by Elmatador (Post 21734588)
Whoa, you guys are telling here that you spend 5K per month for CVS relods and Wells fargo does NOT even care and pay out all the points? 5K/m for MS and no shut downs?

A friend of mine had his hands slapped after three months. However, instead of closing his account down, he was given the option to keep the card open and earn the standard 1%.

My own personal experience has been interesting to say the least. I have had a long-term relationship with Wells Fargo, but their fraud detection department has frozen my account four times during the last month. After calling, they open my credit line, but it's a PITA. I have eased up a bit, as I really don't want to jeopardize the relationship with the bank.

ctbarron Nov 5, 13 6:21 pm


Originally Posted by TTT103 (Post 21734649)
A friend of mine had his hands slapped after three months. However, instead of closing his account down, he was given the option to keep the card open and earn the standard 1%.

My own personal experience has been interesting to say the least. I have had a long-term relationship with Wells Fargo, but their fraud detection department has frozen my account four times during the last month. After calling, they open my credit line, but it's a PITA. I have eased up a bit, as I really don't want to jeopardize the relationship with the bank.

Would you sharing how much activity led to the hand-slaps? PM is fine. I have a small relationship with WF and have been wondering if this card is worthwhile.

lisa2926 Nov 6, 13 1:50 pm

CL is 20K, spent 18K the first month, bonus is just posted

silver6054 Nov 6, 13 2:11 pm


Originally Posted by lisa2926 (Post 21739838)
CL is 20K, spent 18K the first month, bonus is just posted

THat's good, how much of the 18K was MS?

Elmatador Nov 7, 13 2:37 pm


Originally Posted by lisa2926 (Post 21739838)
CL is 20K, spent 18K the first month, bonus is just posted

Well done. I am debating whether or not getting this one. Since there are no bonus. I'd have to do about 3K MS per 6 mo. to make it worth it the pull. that would total what you just did in 1 mo. ~ 90k points


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