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 Dec 13, 14, 11:01 pm
  #1201  
 
Join Date: Sep 2005
Location: CVG
Programs: AAdvantage, Delta Skymiles, CapOne Venture, Citi ThankYou
Posts: 479
Originally Posted by sam_goh View Post
Hi bud,

The game continues in Cinci! WF allows MO deposits via mobile app, but limited to $1k per deposit daily and $3k or so monthly first couple months. Even after the honeymoon period is over, deposit limit is very low via this avenue, ACH in is going to be your best option.

Noone knows what 1/15 will bring, but I will say their fraud department is hyperactive. Also, as you know, WF doesn't service our area, so hopefully you have a previous account with them already set up. Approval for the card is highly contingent on WF's famous "previous relationship" criteria.

Lastly, companies make decisions on their customers at their will. Arguing HIPAA is unlikely to be a good shield as seen with the recent shutdowns by Amex, and in my experience USBank.
Thanks to you both for the responses.

I have the checking setup and am waiting on the debit card any day. I'll look for the offer online after.

I thought about mailing some initial MO. The app sounds promising but such low limits are difficult. Does the 3k cap increase after month 2? I usually MS low 6 figures monthly.

Per XtraPerks suggestion I guess I'll setup some local bank accounts to take the MO and move money from there to WF. Does it have to be by check? Is an ACH push/pull the same?
CVG_Kid is offline  
Old Dec 14, 14, 8:51 am
  #1202  
 
Join Date: Aug 2014
Location: NoVa
Posts: 29
Originally Posted by CVG_Kid View Post

I thought about mailing some initial MO. The app sounds promising but such low limits are difficult. Does the 3k cap increase after month 2? I usually MS low 6 figures monthly.

Per XtraPerks suggestion I guess I'll setup some local bank accounts to take the MO and move money from there to WF. Does it have to be by check? Is an ACH push/pull the same?
I would be hesitant to push it with the mobile MO deposits. I did this fairly heavily with another bank and they shut me down quickly. Would be a shame to lose the checking account and be stuck with the 14 day hold on payments with an outside account. With that said, I have made payments from other bank accounts and not experienced any hold on the CL. Have not done bluebird though.

ACH push is your best bet but sometimes is limited by smaller banks. WF has a limit on pulls, I hit it with 6k one month. Now, when I look online it is 5k per day and 25k per month. Don't know if that is because I hit the other limit and complained about it being unreasonable and they upped it for me or whether everyone has a higher limit now.

As has been mentioned many times, fraud is ridiculous with this card, I was ready to give up on it after the first month, but if you make it to month three, I didn't have many issues at that point. I am in month 6 now and had my first decline in probably two months. Easier resolution for this one than in the past too.
deekay38 is offline  
Old Dec 14, 14, 11:38 am
  #1203  
 
Join Date: Dec 2013
Posts: 79
Originally Posted by deekay38 View Post
ACH push is your best bet but sometimes is limited by smaller banks. WF has a limit on pulls, I hit it with 6k one month.

Wait so does the ACH push also double as a direct deposit into the WF checking? Or do you have to do a pull once a month?
Wakinguptooearly is offline  
Old Dec 14, 14, 4:15 pm
  #1204  
 
Join Date: Feb 2011
Location: CVG
Programs: Hyatt Giraffe
Posts: 1,462
Originally Posted by CVG_Kid View Post
I thought about mailing some initial MO. The app sounds promising but such low limits are difficult. Does the 3k cap increase after month 2? I usually MS low 6 figures monthly.

Per XtraPerks suggestion I guess I'll setup some local bank accounts to take the MO and move money from there to WF. Does it have to be by check? Is an ACH push/pull the same?
Cap doesn't increase till 3 or 6 months after the account has been opened. Even after, the cap will not be conducive to the volume of what you are hoping to do.

ACH push/pull is all dependent on on which end you initiate the fund transfer. Pushing in from serve/bb works and will help fulfill any monthly DD requirements.
sam_goh is offline  
Old Dec 15, 14, 11:10 am
  #1205  
 
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
I applied and got the approval for the 5% reward CC in branch. Is there any benefit to open a Checking account?

Last edited by prasha11; Dec 16, 14 at 11:44 am
prasha11 is offline  
Old Dec 20, 14, 9:00 pm
  #1206  
 
Join Date: Jan 2011
Posts: 220
Originally Posted by prasha11 View Post
I applied and got the approval for the 5% reward CC in branch. Is there any benefit to open a Checking account?

Did you get a Platinum or a Signature card? If you got a Platinum you may want the checking account. They put ridiculous holds on external payments, but payments from your wells checking free up credit immediately.
3ZeroT is offline  
Old Dec 21, 14, 1:54 pm
  #1207  
 
Join Date: Aug 2012
Posts: 142
Best way to do this without a WF location within reasonable distance?

My plan would be to fund with (1) BB or (2) BOA via MO deposit and then use BOA checking to pay WF card. Am I looking at unreasonably long times for held credit, processing?
cb11 is offline  
Old Dec 22, 14, 6:09 am
  #1208  
 
Join Date: Jul 2013
Posts: 1,033
Originally Posted by cb11 View Post
Best way to do this without a WF location within reasonable distance?

My plan would be to fund with (1) BB or (2) BOA via MO deposit and then use BOA checking to pay WF card. Am I looking at unreasonably long times for held credit, processing?
If you have the platinum then yes, if you have the signature then no.
ibleed0range is offline  
Old Dec 22, 14, 8:09 am
  #1209  
Original Member
 
Join Date: May 1998
Posts: 1,097
Originally Posted by cb11 View Post
Best way to do this without a WF location within reasonable distance?

My plan would be to fund with (1) BB or (2) BOA via MO deposit and then use BOA checking to pay WF card. Am I looking at unreasonably long times for held credit, processing?
I have been doing a few check free bill pays to this card, and the hold time on freeing up available credit is enormous.

It is faster to just mail them the money orders as payment on the credit card. It takes them a while to cash them, but the available credit is immediately freed up. The stamp and envelope is not that expensive, and you should only do one money order per envelope since the automated letter opening machines struggle with more than one payment in an envelope.
Andy2 is offline  
Old Dec 22, 14, 9:43 am
  #1210  
 
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
Originally Posted by 3ZeroT View Post
Did you get a Platinum or a Signature card? If you got a Platinum you may want the checking account. They put ridiculous holds on external payments, but payments from your wells checking free up credit immediately.
I am not sure which card, waiting for the mailman. WF branch is walking distance, I intend to bring few MOs every week, any hold issues with that?
prasha11 is offline  
Old Dec 22, 14, 12:29 pm
  #1211  
 
Join Date: Sep 2012
Location: ORD
Posts: 267
I was hoping to get some help as to how to move forward. My mom applied for the card adding me as an AU. She was approved automatically, but it was a somewhat low limit. She called in asking for a higher limit and they wanted proof of income. So she sent it in. She was denied, declaring Equifax as a reason and as a result WF is now saying her expenses are too high so she's not getting the card.

I've never heard of an instance where you're approved for a card and they take it away because you don't qualify for a CLI. She's tried calling a couple times and since it's WF, the conversation has gone nowhere. Any advice as to how to proceed moving forward? If she has to re-apply later that's one thing, but since she was approved will that mean she no longer qualifies for the 5x for 6 months since she technically had the card?
sound48 is offline  
Old Dec 23, 14, 8:50 am
  #1212  
 
Join Date: Aug 2013
Posts: 78
Originally Posted by sound48 View Post
I was hoping to get some help as to how to move forward. My mom applied for the card adding me as an AU. She was approved automatically, but it was a somewhat low limit. She called in asking for a higher limit and they wanted proof of income. So she sent it in. She was denied, declaring Equifax as a reason and as a result WF is now saying her expenses are too high so she's not getting the card.

I've never heard of an instance where you're approved for a card and they take it away because you don't qualify for a CLI. She's tried calling a couple times and since it's WF, the conversation has gone nowhere. Any advice as to how to proceed moving forward? If she has to re-apply later that's one thing, but since she was approved will that mean she no longer qualifies for the 5x for 6 months since she technically had the card?
Your scenario is interesting...and you could be right about reapplying and not getting the bonus. Depends how they code it in the system I guess. Worse case, any future card applications may fail because the system sees that WF independently closed a formerly approved card (making the assumption that the customer was at fault). Talking to a human always carries risk. Avoid it unless absolutely necessary. I also wanted a higher CL and called them after being approved. They also said send us more info, your income, etc. I chose not to and have been able to do some MS on the card with some recycling of the line. Best of luck to you. At least the card would have only given 6 months of cash back and not years like the old blue cash card used to.
ChurnChop is offline  
Old Dec 23, 14, 11:58 pm
  #1213  
 
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
Originally Posted by ChurnChop View Post
I chose not to and have been able to do some MS on the card with some recycling of the line. Best of luck to you. At least the card would have only given 6 months of cash back and not years like the old blue cash card used to.
I got 2.5k Cl, How much MSing I can do a month by recycling CL using MO at the branch or BB.? 4x$500 each cycle.
prasha11 is offline  
Old Dec 24, 14, 10:01 am
  #1214  
 
Join Date: Jul 2013
Posts: 1,033
Originally Posted by prasha11 View Post
I got 2.5k Cl, How much MSing I can do a month by recycling CL using MO at the branch or BB.? 4x$500 each cycle.
Should have opened an account. What a waste! I would open an account and ask for a CL increase.
ibleed0range is offline  
Old Dec 25, 14, 10:42 am
  #1215  
 
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
Originally Posted by ibleed0range View Post
Should have opened an account. What a waste! I would open an account and ask for a CL increase.
Charged 2.03k on 23rd, walked to the branch on 24th to deposit 1k MO + 700 cash,
instant increase of available credit! is this contrary to everyone's experience?
My deposit is not even posted yet(25th)!
prasha11 is offline  

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