A force multiplier for travel rewards: Wells Fargo Visa Signature credit card review

Aug 3, 2021

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Editor’s note: This post has been updated with new information.

Update: The Wells Fargo Propel American Express® card is no longer open to new applications. View the current offers here.


Wells Fargo Visa Signature® card Overview

The Wells Fargo Visa Signature® card doesn’t offer rewards that transfer to airline miles, but as you’ll see, that shouldn’t be a deal-breaker since it gives you the opportunity to earn an impressive 4.5% back in travel rewards on many of your purchases. Card Rating*: ⭐⭐⭐½

*Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

As more airlines move to dynamic — and usually higher — pricing of their mileage awards, they’re giving travelers less incentive to use their own cobranded cards to earn frequent-flyer miles. Instead, award travel enthusiasts should be looking for ways to earn rewards from their credit cards that they can redeem for any flight on any airline. The Wells Fargo Visa Signature Card can be a great tool for doing just that. The points this card earns can be worth as much as 1.5 cents each toward flights. Better yet, carrying this card has the effect of increasing the value of points you earn from other Wells Fargo cards, which is why you should’t overlook it in your wallet.

First, the bad news: The card application is not currently available on the Wells Fargo site. But if you already carry this potential powerhouse, read on to see how you can leverage its benefits for maximum value.

The information for the Wells Fargo Visa Signature card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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In This Post

Who is this card for?

The Wells Fargo Visa Signature is a card for those who want to earn travel rewards without paying an annual fee or having to focus their energy on a single airline and hotel loyalty program. With this card you earn points that can be redeemed for flights on any airline, just like paying for tickets with cash. This is also a card that works well for those who already bank with Wells Fargo and want to manage their credit cards along with their other accounts.

Finally, this card’s secret superpower is that it increases the value of the Wells Fargo Go Far Rewards earned from the bank’s other cards, including the Wells Fargo Propel American Express® card (no longer available to new applicants). Normally, points earned from that card are worth 1 cent each toward airfare redemptions, but when you also carry the Wells Fargo Visa Signature card, they become worth 1.5 cents each.

The Wells Fargo Propel offers various bonus earning categories with up to 3x per dollar on:

It earns 1x on everything else. So if you used your Wells Fargo Propel to earn 3x on those special categories, and then combined your rewards with the ones from your Wells Fargo Visa Signature before redeeming for flights, you could be getting as much as 4.5% (3x with a 50% bonus) return on your spending for airfare redemptions, specifically.

The information for the Wells Fargo Propel has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Sign-up bonus

The card is currently not available to new applicants.

Main benefits and perks

This card comes with strong benefits, including:

Many of these are simply benefits that come with any Visa Signature card. But take special note of the mobile phone protection — for just a $25 deductible, you’ll receive up to $600 in coverage against theft or damage for your phone (up to $1,200 per 12-month period) when you use your card to pay your monthly cell phone bill. That’s extraordinary for a no-annual-fee credit card.

Related: Best credit cards for cell phone protection

How to earn points

Let’s get straight to the point: This card’s earning rate is poor. You’ll earn just 1 point per dollar spent on all purchases. That’s it. You can, however, earn bonus points when you shop through the Wells Fargo’s Go Far Earn More Mall.

How to redeem points

Points from this card can be redeemed through the Go Far Rewards portal for:

  • Airfare
  • Hotels
  • Car rentals
  • Cruises
  • Cash back
  • Merchandise
  • Gift cards
  • Online auctions

You’ll want to skip all options except airfare redemptions, though. That’s because points redeemed for airfare are worth 1.5 cents each, which is 50% more than the others possibilities. Just note that you have to redeem your points using the Wells Fargo Go Far Rewards portal, specifically; you can’t book your reservations directly with an airline or through an OTA and then request a statement credit later.

Related: Wells Fargo Go Far Rewards

Cropped shot of a young Female using smart phone and notebook laptop computer, She working at coffee cafe, Woman at his workplace using technology, Morning flare light Silhouette. (photo by oatawa/Getty Images)
Redeem your points using their Wells Fargo Go Far Rewards portal. (Photo by oatawa/Getty Images)

Little-known facts about the Wells Fargo Visa Signature

1. You can receive as much as 1.75 cents per point. If you use your card to spend $50,000 in a year, you receive as much as 1.75 cents per point in value for airfare redemptions.

2. This is one of the rare no-annual-fee Visa Signature cards. As mentioned above, the Visa Signature program comes with a suite of benefits, including various travel protections. But nearly all Visa Signature cards charge annual fees, except this one and a few others.

3. It’s also a rare no-annual-fee card with mobile phone protection. There aren’t too many cards that offer theft and damage coverage for mobile phones, beyond the basic 60 or 90 days of purchase protection that might cover all new purchases. But this card has no annual fee and cell phone protection (with a $25 deductible) with a maximum benefit limit of $600 per claim and $1,200 per 12-month period. That’s more generous than most cell phone coverages on annual-fee-incurring cards!

4. This card charges a “foreign currency conversion fee.” Many credit cards still charge a foreign transaction fee for charges processed outside of the U.S. Cards that have these fees even impose them on charges you make at home from a foreign company in some cases. For example, if you purchase a travel reservation from a foreign airline or hotel, you might be charged in U.S. dollars, but since the transaction is processed outside of the U.S., you could still be charged this fee. This is also the case in other countries that use U.S. dollars, such as Ecuador, El Salvador and the British Virgin Islands. But the Wells Fargo Visa Signature card is different in that it has a foreign currency conversion fee of 3%. This means that you should’t be charged this fee if your foreign transaction is in U.S. dollars. It’s better to have a card with none of these fees, but Wells Fargo is doing something different here.

Related: Best credit cards with no foreign transaction fees

Bottom line

The Wells Fargo Visa Signature card is a simple travel rewards card with serious potential. If you were able to apply while it was still possible, you would have started off with a generous initial rewards offer and 15 months of interest-free financing. But to get really good long-term value from this card, you’ll need to use it for airfare redemptions to get 1.5 or even 1.75 cents per point. You’ll also want to pair it with the Wells Fargo Propel American Express card to get that card’s 3x reward categories.

By itself, airfare rewards worth 1.5% of spending aren’t very exciting, even with a strong package of cardholder benefits. But when you’re able to combine these two cards and up your return on spending to 4.5% (or even 5.25% if you spend $50,000 or more per year on the Wells Fargo Visa Signature) on many of your purchases, then you could have a winning combination.

Featured photo by Eric Helgas/The Points Guy

Additional reporting by Joseph Hostetler.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.