Jan 6, 2016, 8:17 pm
Last edit by: RedSun
This is the thread for 2016. The previous megathread is here.
The current WF cards that earn 5x Go Far Rewards points (WF points) are WF Visa Signature card and WF Rewards card. The 5x introductory period is 6 months, then they earn just 1x WF points. Each card is now capped the 5x at $12,500. (Updated Mar-2019)
Wells Fargo Visa Signature card:
https://www.wellsfargo.com/credit-cards/visa-signature/
Wells Fargo Visa Rewards Card:
https://www.wellsfargo.com/credit-cards/rewards/
Churnable to get repeated 5x rewards?
Not possible
http://www.flyertalk.com/forum/22871522-post710.html
How to pay down CL quickly?
Use WF account to pay
Likely to get shut down if...?
- Cycling several times through your CL
- Cause a negative balance
- Have a really high balance
- Calling in and getting caught by human eyes on MS activities.
To check what your 5X/5% window is:
In your account summary page on WF website, go into the CC, and click "show my rewards" on the left side, then click "Visit Wells Fargo Rewards"
From there go to "Earn Rewards" on the top and click "My Offers" and go into the "Promotional Offers-Usage" tab.
To check which transactions get 5X/5% before your statement posts
To check if new transactions are eligible, go to "My Rewards" on the top, click "Activity", and set the start/end dates. You should see a "bonus earning" 4% for anything that's eligible.
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: 800-446-0664
The current WF cards that earn 5x Go Far Rewards points (WF points) are WF Visa Signature card and WF Rewards card. The 5x introductory period is 6 months, then they earn just 1x WF points. Each card is now capped the 5x at $12,500. (Updated Mar-2019)
Wells Fargo Visa Signature card:
https://www.wellsfargo.com/credit-cards/visa-signature/
Wells Fargo Visa Rewards Card:
https://www.wellsfargo.com/credit-cards/rewards/
Churnable to get repeated 5x rewards?
Not possible
http://www.flyertalk.com/forum/22871522-post710.html
How to pay down CL quickly?
Use WF account to pay
Likely to get shut down if...?
- Cycling several times through your CL
- Cause a negative balance
- Have a really high balance
- Calling in and getting caught by human eyes on MS activities.
To check what your 5X/5% window is:
In your account summary page on WF website, go into the CC, and click "show my rewards" on the left side, then click "Visit Wells Fargo Rewards"
From there go to "Earn Rewards" on the top and click "My Offers" and go into the "Promotional Offers-Usage" tab.
To check which transactions get 5X/5% before your statement posts
To check if new transactions are eligible, go to "My Rewards" on the top, click "Activity", and set the start/end dates. You should see a "bonus earning" 4% for anything that's eligible.
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: 800-446-0664
Wells Fargo Platinum 5x at Grocery-Gas-Drugstores(2016 onwards)
Jun 1, 2016, 12:32 am
#467
Join Date: Feb 2016
Posts: 15
Take yer money and run!
I got a May 11th letter on May 16th. Quit MS at receipt of letter, only used card for one $17 gas expense May 17th. Card about 2.5 months old, 12k CL, only cycled it 1-2 times per month. I left my $1,300 in rewards in the account hoping to use on flights in the future. Wrong call. They closed my cc account and rewards balance says 0- all clawed back. I lost almost the entirety of what I had earned with Wells Fargo AND lost my vgc & gas expenses.
Tomorrow I will talk to the same "executive" phone line as above but it sounds here like I should expect squat, no matter how sweet my phone voice is.
Anyone have any tips for me about what to do next (not how I should have hit it harder before...)?
Tomorrow I will talk to the same "executive" phone line as above but it sounds here like I should expect squat, no matter how sweet my phone voice is.
Anyone have any tips for me about what to do next (not how I should have hit it harder before...)?
Jun 1, 2016, 12:46 am
#468
Join Date: Feb 2016
Posts: 15
If you got the letter- take yer money and run!
Last edited by Lela; Jun 1, 2016 at 1:00 am
Jun 1, 2016, 6:58 am
#469
Join Date: Jan 2012
Posts: 93
I got a May 11th letter on May 16th. Quit MS at receipt of letter, only used card for one $17 gas expense May 17th. Card about 2.5 months old, 12k CL, only cycled it 1-2 times per month. I left my $1,300 in rewards in the account hoping to use on flights in the future. Wrong call. They closed my cc account and rewards balance says 0- all clawed back. I lost almost the entirety of what I had earned with Wells Fargo AND lost my vgc & gas expenses.
Tomorrow I will talk to the same "executive" phone line as above but it sounds here like I should expect squat, no matter how sweet my phone voice is.
Anyone have any tips for me about what to do next (not how I should have hit it harder before...)?
Tomorrow I will talk to the same "executive" phone line as above but it sounds here like I should expect squat, no matter how sweet my phone voice is.
Anyone have any tips for me about what to do next (not how I should have hit it harder before...)?
Jun 1, 2016, 7:52 am
#470
Join Date: Feb 2016
Posts: 831
My statement closes on 16th, points redeem on 24th; I'm going to lay low for now, redeem the points and then hit it again for the last one month left.
I'm thinking, I will be risking $200-300 to gain 1-1.5K, with 20-25K per month volume; Anyone thinking along the same line?
I'm thinking, I will be risking $200-300 to gain 1-1.5K, with 20-25K per month volume; Anyone thinking along the same line?
Last edited by Gitangali; Jun 1, 2016 at 11:45 am
Jun 1, 2016, 8:25 am
#471
Join Date: Sep 2015
Posts: 285
Haven't touched card since received letter. Rewards clear in a little over a week (hopefully). While I won't risk much over $250 or so on VGC fees or gas as I am not optimistic hitting it hard (or at all) will bear much fruit but I don't want to completely ice the card
Jun 1, 2016, 9:38 am
#472
Join Date: Mar 2015
Posts: 333
Does anyone know if purchases made on "1 day left" for sure count even if they do not post until a couple days later?
Jun 1, 2016, 10:09 am
#473
Join Date: Aug 2015
Posts: 2,061
9 days left total. No letter and I am going out with a bang. Very similar risk-reward thinking to what you laid out. It is all house money at this point.
Does anyone know if purchases made on "1 day left" for sure count even if they do not post until a couple days later?
Does anyone know if purchases made on "1 day left" for sure count even if they do not post until a couple days later?
Jun 1, 2016, 10:34 am
#474
Join Date: May 2015
Posts: 1,066
Not sure if there is anything to this, but checked WF and on my main page Rewards are showing as unavailable. But, when I click on the unavailable account I can still see the rewards. CC still open, no letter yet.
Message at very top is
Could just be a technical website issue but I thought for sure I was canned when I saw it.
EDIT: False alarm. 30 minutes later and its showing properly on main page.
Message at very top is
Note: Some of your accounts are unavailable at this time.
EDIT: False alarm. 30 minutes later and its showing properly on main page.
Last edited by cdog999; Jun 1, 2016 at 11:07 am
Jun 1, 2016, 11:38 am
#476
Join Date: Jan 2012
Posts: 93
Jun 1, 2016, 3:36 pm
#478
Join Date: Feb 2016
Posts: 15
Jun 1, 2016, 3:52 pm
#479
Join Date: Feb 2016
Posts: 15
For me,
May 11th letter sent
May 16th letter received, quit MS (the warning tone of letter is a hoax)
May 26th, account closed and rewards turned to 0
June 1, called Executive Office, 844-931-2273: No relief at all, no appeal options provided.
May 11th letter sent
May 16th letter received, quit MS (the warning tone of letter is a hoax)
May 26th, account closed and rewards turned to 0
June 1, called Executive Office, 844-931-2273: No relief at all, no appeal options provided.
Jun 1, 2016, 4:28 pm
#480
Join Date: Jan 2016
Posts: 36
I wonder if people will have some recourse filing a CFPB complaint under this principle...
You received a warning letter from your bank saying not to do this or we will close your account.... you immediately stop doing said activity... your account gets closed 2 weeks later anyways.
I know they have the right to shut down you at any time, but then why send the warning letter? All that did was put on paper that they lied to and deceived their customer. That would be the argument I would make if my account got shut down.
Furthermore, maybe it would be a good idea to preemptively call the executive office number if you receive the letter, and ask them what they want you to do to keep the account active, (IE, how much or how little would they like you to spend per month?)
And if you follow these guidelines, can they assure you that your account will stay open.
Might be a good idea to record that conversation if you have it as well... just a thought.
You received a warning letter from your bank saying not to do this or we will close your account.... you immediately stop doing said activity... your account gets closed 2 weeks later anyways.
I know they have the right to shut down you at any time, but then why send the warning letter? All that did was put on paper that they lied to and deceived their customer. That would be the argument I would make if my account got shut down.
Furthermore, maybe it would be a good idea to preemptively call the executive office number if you receive the letter, and ask them what they want you to do to keep the account active, (IE, how much or how little would they like you to spend per month?)
And if you follow these guidelines, can they assure you that your account will stay open.
Might be a good idea to record that conversation if you have it as well... just a thought.