Wells Fargo 5X rewards cap

    Hide Wikipost
Old Feb 6, 17, 3:15 pm   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: muji
Wiki Link
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
Print Wikipost

Old Feb 1, 15, 12:59 pm
  #1246  
 
Join Date: Aug 2013
Posts: 415
Originally Posted by MG49 View Post
When you mention external accounts, do you mean paying from another bank like Capital One, for example? Or external as in a BB or RB account? I just got this card about a month ago and want to see what options I have if i ramp up the spending.
Read this thread and you'll find that Serve/BB are not really good options unless you don't want your payment applied for 2 weeks. External accounts mean other banks.
ttlmmky is offline  
Old Feb 2, 15, 9:27 am
  #1247  
 
Join Date: Aug 2013
Posts: 78
Originally Posted by ttlmmky View Post
Read this thread and you'll find that Serve/BB are not really good options unless you don't want your payment applied for 2 weeks. External accounts mean other banks.
Have had this card for 4 months. I've paid with Serve, WF Checking, and BofA checking. Not surprisingly, WF checking is the fastest, the CL pops up quickly before 24 hrs. External accounts that are already recognized by WF (part of the payment drop down list) like BofA get processed quickly as well but may take an extra day. Serve, Bluebird take anywhere from 4 to 7 days in my experience. Never had to wait 2 weeks personally. I've also never had my CL held back once a payment is recognized by the system even as pending. I know others report having to wait a week or two to get there CL raised even after payment.
ChurnChop is offline  
Old Feb 2, 15, 10:59 am
  #1248  
 
Join Date: May 2014
Posts: 191
Do you have a Platinum or Signature? Thanks!

Originally Posted by ChurnChop View Post
Have had this card for 4 months. I've paid with Serve, WF Checking, and BofA checking. Not surprisingly, WF checking is the fastest, the CL pops up quickly before 24 hrs. External accounts that are already recognized by WF (part of the payment drop down list) like BofA get processed quickly as well but may take an extra day. Serve, Bluebird take anywhere from 4 to 7 days in my experience. Never had to wait 2 weeks personally. I've also never had my CL held back once a payment is recognized by the system even as pending. I know others report having to wait a week or two to get there CL raised even after payment.
usalibido is offline  
Old Feb 2, 15, 12:10 pm
  #1249  
 
Join Date: Mar 2006
Posts: 43
In my personal experience. I had a signature card, any payments applied as soon as posted, either Walmart billpay, BB, Serve. WF was the only one that was instant.

My brother has a platinum card. He has a 4-7 day wait on Walmart, BB, or Serve/RB. For WF checking it's instant.
jb0506 is offline  
Old Feb 2, 15, 1:30 pm
  #1250  
 
Join Date: May 2014
Posts: 191
Thank for the info, Jb! I had a platinum last year but my wife just got a Signature one. Great to know that Signature payments are still "instant".


Originally Posted by jb0506 View Post
In my personal experience. I had a signature card, any payments applied as soon as posted, either Walmart billpay, BB, Serve. WF was the only one that was instant.

My brother has a platinum card. He has a 4-7 day wait on Walmart, BB, or Serve/RB. For WF checking it's instant.
usalibido is offline  
Old Feb 3, 15, 8:47 am
  #1251  
 
Join Date: Aug 2013
Posts: 78
Originally Posted by usalibido View Post
Do you have a Platinum or Signature? Thanks!
I have the signature card.
ChurnChop is offline  
Old Feb 3, 15, 12:36 pm
  #1252  
 
Join Date: Oct 2014
Programs: All of them
Posts: 1,074
Has anyone actually put serious 5x spend on this card in the last few weeks? Any problems?
littlewinglet is offline  
Old Feb 3, 15, 1:22 pm
  #1253  
 
Join Date: Nov 2012
Posts: 116
Originally Posted by littlewinglet View Post
Has anyone actually put serious 5x spend on this card in the last few weeks? Any problems?
yes and yes. Usual fraud alert problems. I'm usually good for 1 large purchase a day without issue. Today my 1st purchase kept getting declined - had to have fraud specialist's supervisor override something on the card, which finally worked.
michael160 is offline  
Old Feb 3, 15, 1:40 pm
  #1254  
 
Join Date: May 2014
Posts: 191
Thanks! Ready to do my first purchase today.

Originally Posted by ChurnChop View Post
I have the signature card.
usalibido is offline  
Old Feb 3, 15, 1:52 pm
  #1255  
 
Join Date: Oct 2014
Programs: All of them
Posts: 1,074
Originally Posted by michael160 View Post
yes and yes. Usual fraud alert problems. I'm usually good for 1 large purchase a day without issue. Today my 1st purchase kept getting declined - had to have fraud specialist's supervisor override something on the card, which finally worked.
Thanks! good to know they're not policing their new terms too hard.
littlewinglet is offline  
Old Feb 3, 15, 11:16 pm
  #1256  
 
Join Date: Jun 2014
Location: Pacific NW
Programs: AS MVP, Hyatt Diamond
Posts: 126
My statement closes in a few days. I cut way back on MS to see what happens with the 5x. So far the bonus points are there and showing as pending. Has anyone had a statement close that had significant MS after Jan 15? Did those bonus points post for you?
JoJo12 is offline  
Old Feb 4, 15, 9:06 am
  #1257  
 
Join Date: Aug 2013
Posts: 78
Originally Posted by JoJo12 View Post
My statement closes in a few days. I cut way back on MS to see what happens with the 5x. So far the bonus points are there and showing as pending. Has anyone had a statement close that had significant MS after Jan 15? Did those bonus points post for you?
Yes and yes.
ChurnChop is offline  
Old Feb 4, 15, 9:11 am
  #1258  
 
Join Date: Aug 2013
Posts: 78
I've had this card for 4 months. Has anyone made an outside payment with Serve or Bluebird or ? that was OVER $5,000? I plan on making one for around $8,000. My concern is this. My BofA account is tied into WF. I set that up with WF. It's in their drop down list as an approved payment. When I attempted to make payment of $6,000 it would not go through. Said I've exceeded the max amount allowed for an external payment. So I tried $5500, then $5100. Only when I did an even $5,000 did it work. I'm just wondering if the same rules apply to accounts such as Serve or Bluebird. Don't want WF rejecting a payment because it exceeds some internal limit they don't disclose.

I know some will say just break the $8,000 payment into 2 x $4,000 but someone also mentioned that you can only make a total of 5 payments per cycle before they cut you off. Want to make them as large as possible.
ChurnChop is offline  
Old Feb 4, 15, 10:57 am
  #1259  
 
Join Date: May 2014
Posts: 191
I can confirm that the limit is 5k if you pay from an external account on WF website. You are probably are doing that as well, but I transfer money from other banks into my WF checking and then pay a big amount. Initially the transfer is limited at 2k per transaction and 6k per month. But it goes up as time goes on.

I am interested in knowing the "tolerance level" of WF for outside billpay as well.

Originally Posted by ChurnChop View Post
I've had this card for 4 months. Has anyone made an outside payment with Serve or Bluebird or ? that was OVER $5,000? I plan on making one for around $8,000. My concern is this. My BofA account is tied into WF. I set that up with WF. It's in their drop down list as an approved payment. When I attempted to make payment of $6,000 it would not go through. Said I've exceeded the max amount allowed for an external payment. So I tried $5500, then $5100. Only when I did an even $5,000 did it work. I'm just wondering if the same rules apply to accounts such as Serve or Bluebird. Don't want WF rejecting a payment because it exceeds some internal limit they don't disclose.

I know some will say just break the $8,000 payment into 2 x $4,000 but someone also mentioned that you can only make a total of 5 payments per cycle before they cut you off. Want to make them as large as possible.
usalibido is offline  
Old Feb 4, 15, 11:31 pm
  #1260  
 
Join Date: May 2011
Location: Bay Area, CA
Programs: SPG, Hyatt Diamond Member, Club Calrson Silver, AA, Hilton Gold, BA
Posts: 463
does anyone know how I can check if a certain target gives me 5% on my loads on the wells fargo website before statement cutoff? That way I dont have to wait a whole statement cycle?
livestrongforever is offline  

Thread Tools
Search this Thread
Search Engine: