Apr 10, 14, 11:55 am
Last edit by: muji
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
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
Wells Fargo 5X rewards cap
Aug 19, 13, 1:37 pm
#1
Original Poster
Join Date: Dec 2009
Location: HNL
Programs: UA 1K; Marriott Plat; Hyatt Diamond; CCarlson Elite
Posts: 641
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.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Don't be like me and discover you've just wasted $25K of churn.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Aug 19, 13, 2:20 pm
#4
Join Date: Nov 2008
Location: ORD
Programs: AA PLT
Posts: 2,781
Aug 19, 13, 2:36 pm
#5
Join Date: Nov 2012
Posts: 657
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.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Don't be like me and discover you've just wasted $25K of churn.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Aug 19, 13, 4:51 pm
#7
A FlyerTalk Posting Legend; Moderator: American Express, Capital One, Citi, Chase, Credit Card Programs, Diners Club, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,233
Moderator action
Thread transferred to Credit Card Programs because topic is of broader interest, and not specific to manufacturing spend.
Aug 20, 13, 8:10 am
#8
Join Date: Aug 2010
Posts: 633
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.
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.
Aug 20, 13, 4:34 pm
#10
Original Poster
Join Date: Dec 2009
Location: HNL
Programs: UA 1K; Marriott Plat; Hyatt Diamond; CCarlson Elite
Posts: 641
Aug 20, 13, 7:15 pm
#12
Join Date: Nov 2011
Posts: 1,944
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.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Don't be like me and discover you've just wasted $25K of churn.
That said - this is a good churning card that hasn't been fully devalued like the PenFed card. Yet.
Aug 21, 13, 3:56 am
#13
Join Date: Jul 2009
Location: RDU
Programs: Delta silver, HH silver, IHG platinum, SPG gold, AMEX platinum
Posts: 400
Aug 21, 13, 4:26 am
#14
Join Date: Jul 2009
Location: RDU
Programs: Delta silver, HH silver, IHG platinum, SPG gold, AMEX platinum
Posts: 400
