|
Wells Fargo 5X rewards cap
If you are churning the 5x Wells Fargo card, be aware there's a 120K (calendar) yearly cap on rewards.
Don't be like me and discover you've just wasted $25K of churn. :mad: That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet. |
penfed
How has PenFed been devalued?
|
Originally Posted by SoCalStew
(Post 21299387)
How has PenFed been devalued?
|
Originally Posted by SoCalStew
(Post 21299387)
How has PenFed been devalued?
|
Originally Posted by kcblakely
(Post 21299307)
If you are churning the 5x Wells Fargo card, be aware there's a 120K (calendar) yearly cap on rewards.
Don't be like me and discover you've just wasted $25K of churn. :mad: That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet. |
When did this 5x go public? The site says 3% until you click more details then it says 5x. Does anyone know which credit agency they pull from?
|
Moderator action
Thread transferred to Credit Card Programs because topic is of broader interest, and not specific to manufacturing spend.
|
When you say good for churning, do you mean this is an easy card to cancel and get a new one with 5x, etc? Or are you simply saying churn with other cards.
The 120K limit would only use up about half of one month of my family BB cards so that would run out real quick. If it were churnable, then it may make sense to get a few of these for family members, rinse and repeat. Just did an AOR for 4 of us however, with 6 to 8 cards each, so will probably need to wait 5 months and see if it is still available. In the mean time 5x Carlson, 6x Hilton, and 4x Flexperks are pretty decent for grocery MS. 5x cash would be much better. We have a huge relationship with WF. |
I am waiting to apply in September for this 5x card due to this limit.
Hopefully I can get 120K points in 2013 and then 120K in 2014 :) |
Originally Posted by FlyingBoat
(Post 21303682)
...The 120K limit would only use up about half of one month of my family BB cards so that would run out real quick....
* Monthly limit = (2 * $40K) = $80K * .... which is 16 BB accounts. Pix or it didn't happen. |
Originally Posted by kcblakely
(Post 21306723)
* 120K points at the 3% rate = $40K of spend
|
Originally Posted by kcblakely
(Post 21299307)
If you are churning the 5x Wells Fargo card, be aware there's a 120K (calendar) yearly cap on rewards.
Don't be like me and discover you've just wasted $25K of churn. :mad: That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet. |
Originally Posted by silver6054
(Post 21307481)
Is this for the Rewards version only? The Home Rebate says "No limit to rebates" and the Cash one says, in the banner, unlimited cash rewards....
|
Originally Posted by stealph
(Post 21309146)
Correct, CB is unlimited. Had card for awhile...
|
If you don't have a Wells account, you have to apply in person. Oh fun.
|
| All times are GMT -6. The time now is 9:37 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.