Wells Fargo 5X rewards cap

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Old Feb 6, 17, 3:15 pm   -   Wikipost
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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
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Old Nov 11, 13, 8:35 am
  #76  
 
Join Date: Nov 2011
Posts: 450
I got approved with $8K after opening checking account the same day. Second $500 charge I had to call in and verify the purchases i've made, no problem after that. Never do more than $1000. 2-3 transactions a week until i hit my limit for the billing cycle.
newbynewbynew is offline  
Old Nov 12, 13, 11:18 am
  #77  
 
Join Date: Sep 2011
Location: UK
Posts: 223
Can you pay interim payments and it free up some available credit? or are you waiting for the bill to hit and then paying in full? I wouldn't want a balance to report though so I'd want to pay early.

What's everyone's experience with this? thanks all!
rymetymeuk is offline  
Old Nov 12, 13, 11:20 am
  #78  
 
Join Date: Nov 2011
Posts: 450
Originally Posted by rymetymeuk View Post
Can you pay interim payments and it free up some available credit? or are you waiting for the bill to hit and then paying in full? I wouldn't want a balance to report though so I'd want to pay early.

What's everyone's experience with this? thanks all!
I run it up and then pay 2 payments before statement posts. Quirky WFC though so YMMV
newbynewbynew is offline  
Old Nov 12, 13, 11:54 am
  #79  
 
Join Date: Sep 2011
Location: UK
Posts: 223
thanks for the info newbynewbynew, I'll do the same then since you've had success with that.

should get my card today or tomorrow, so will post my results too. appreciate the info.
rymetymeuk is offline  
Old Nov 12, 13, 2:44 pm
  #80  
 
Join Date: Oct 2013
Posts: 99
I don't need this card yet, but in anticipation for the day that I do, I went and opened a WF checking & savings account last week and the branch manager pushed me hard to get the 5% card. I saw it written somewhere that there was a max points/year so I asked and she said there was not a max cap, but that they are sometimes slow about getting you the card and your 6-mo period might end up being 5 months. FWIW....
thewire76 is offline  
Old Nov 15, 13, 10:12 am
  #81  
 
Join Date: Sep 2011
Location: UK
Posts: 223
Made my first $500 VR CVS purchase today without issue. I plan on doing another one on Monday which I expect to have to call in for.

took 10 days to get my card, just a fyi.
rymetymeuk is offline  
Old Nov 15, 13, 2:43 pm
  #82  
 
Join Date: Jun 2013
Posts: 194
Originally Posted by thewire76 View Post
I don't need this card yet, but in anticipation for the day that I do, I went and opened a WF checking & savings account last week and the branch manager pushed me hard to get the 5% card. I saw it written somewhere that there was a max points/year so I asked and she said there was not a max cap, but that they are sometimes slow about getting you the card and your 6-mo period might end up being 5 months. FWIW....


Before I got the physical card and activate, my first card statement has been closed with $0 balance
lisa2926 is offline  
Old Nov 15, 13, 2:45 pm
  #83  
 
Join Date: Jun 2013
Posts: 194
if credit line is small, you can go to any WF branch to pre-pay your WF visa card, therefore you can spend more at CVS
lisa2926 is offline  
Old Nov 15, 13, 4:42 pm
  #84  
 
Join Date: Jul 2013
Location: DFW,OVB (Russia)
Programs: AA HH Gold SPG Gold BA
Posts: 1,822
Just ordered my Wells Fargo CC with EMV. Been trying to get it since this morning but just now got a rep who knew about it (hopefully) Will report back about it when I get it...
rgAAFT is offline  
Old Nov 15, 13, 5:51 pm
  #85  
 
Join Date: Jul 2013
Posts: 249
I opened a WF checking accnt 2 wks ago with a balance of $2k and then applied for 5x card 3 days after. Was approved for the card with a CL of $2k. Met the limit within two days and had a discussion with the fraud alert dept. Told them this will be my spending pattern and will spend another $2k in next two days (I already sent the payments thru BB). Complained that CL is very low on this card compared to my BofA and Chase cards. She obliged and said she will review. Got a letter yesterday with a increased limit of $8k. Now it will be easier to meet the max 24k in spending soon. Plan to meet the 24k in months.
RJ5929 is offline  
Old Nov 15, 13, 9:13 pm
  #86  
 
Join Date: Sep 2011
Location: UK
Posts: 223
hey, what do you mean about the max spend of 24k? is this not the cashback card, as I have the cashback and I was under the impression it was unlimited earning of cashback.
rymetymeuk is offline  
Old Nov 16, 13, 1:38 am
  #87  
 
Join Date: May 2012
Location: Chicago, IL
Posts: 56
I remember seeing reports that during the first 3 months WF doesn't charge a monthly fee for their checking account if you keep less than $1,500 in it. Can anybody confirm it? I want to "establish" a relationship with them but don't want to fork over $1,500 just yet.
KoolFatKat is offline  
Old Nov 19, 13, 12:07 pm
  #88  
 
Join Date: Jul 2013
Posts: 1,033
Originally Posted by KoolFatKat View Post
I remember seeing reports that during the first 3 months WF doesn't charge a monthly fee for their checking account if you keep less than $1,500 in it. Can anybody confirm it? I want to "establish" a relationship with them but don't want to fork over $1,500 just yet.
That was stated in fine print when I opened my account.

You also don't need to keep $1,500 in it. It is $1,500 or $500 in direct deposit for the basic account.
ibleed0range is offline  
Old Nov 19, 13, 2:10 pm
  #89  
 
Join Date: Sep 2013
Programs: AS, AA, UR, SPG,
Posts: 101
Well well,

I just got a targeted email this morning from Wells Fargo. I don't have this card yet, because I hated the no bonus... but...

"Earn 10,000 rewards points when you spend $1,000 in net purchases (purchases minus returns/credits) within the first 3 months.1

Earn 5X rewards points for every dollar spent on gas, grocery, and drugstore net purchases (purchases minus returns/credits) for the first 6 months.3 "

it does come with a reservation code: xxxxxxxxxx to apply for it.

I've had a savings and checking with WF with decent money for like 4 years... just sitting there

mow I might apply.

1K spent = 15000 points

so doing $3600 per mo. for 6 mo. I could end up with ~ 120000 point cap...
Elmatador is offline  
Old Nov 19, 13, 3:59 pm
  #90  
 
Join Date: Sep 2011
Location: UK
Posts: 223
I purchased my 2nd $500 VR from CVS today without issue, no fraud warning yet and have spent just over $1000 in about a week. I expect to buy another on Sunday and at that time will expect the call
rymetymeuk is offline  

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