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The 5 best Wells Fargo credit cards: Your options compared

Whether you need an individual or a corporate credit card, Wells Fargo stands at the ready with several options for your new line of credit.
Written by Lena Borrelli, Contributing Writer
Wells Fargo Active Cash® Card | Best for unlimited cash back
wells-fargo-active-cash-card.png
Wells Fargo Active Cash® Card
Best for unlimited cash back
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Wells Fargo Business Elite Signature Card | Best for large companies
wells-fargo-business-elite-signature-card.png
Wells Fargo Business Elite Signature Card
Best for large companies
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Wells Fargo Business Platinum Credit Card | Best for balance transfers
wells-fargo-business-platinum-card.png
Wells Fargo Business Platinum Credit Card
Best for balance transfers
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Wells Fargo Reflect® Card | Best for intro APR
wells-fargo-reflect-card.png
Wells Fargo Reflect® Card
Best for intro APR
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Established in 1852, Wells Fargo is one of the oldest financial institutions in the U.S. Its storied history began with founders Henry Wells and William G. Fargo, who founded the company to fund train and stagecoach transportation. Today, Wells Fargo continues in that vein, securing both personal and corporate futures with reliable funding and lines of credit. 

Wells Fargo offers several credit card options, but they differ significantly, making it confusing for some consumers to understand which one to choose. With things like APRs and rewards fluctuating from card to card, we break down the details of Wells Fargo's best credit cards to help you find the right fit for your family or business. 

card highlights
intro bonusEarn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
APR20.24%, 25.24%, or 29.99% Variable APR
recommended creditExcellent, Good
reward rates
  • Earn unlimited 2% cash rewards on purchases
annual fee$0
intro purchase APR0% intro APR for 15 months from account opening

At a glance

The Wells Fargo Active Cash® Card makes an attractive offer by embracing welcome rewards for its new customers. There is a 0% introductory APR that lasts for 15 months on purchases and qualifying balance transfers (then 19.99%, 24.99%, or 29.99% variable APR), plus an additional $200 cash reward bonus when you spend $500 in purchases during your first three months of having the card. If you have credit to consolidate, the Wells Fargo Active Cash® Card offers an introductory rate on balance transfers for the first 120 days. 

After the introductory period, you receive unlimited 2% cash rewards on your purchases with no category or quarterly requirements. You can use your Wells Fargo Active Cash® Card to shop at popular stores like Costco and Walmart. For its purchase APR, Wells Fargo offers a tiered system for variable APRs: you will receive a 19.99%, 24.99%, or 29.99% rate.

Plus, you get access to extra perks like travel bonuses. The Wells Fargo Active Cash® Card also includes extra Visa Signature® services, a complimentary concierge service to simplify your life.  

Pros & cons

Pros

Cons

  • Unlimited rewards without category restrictions

  • Intro APR and rewards

  • Cash rewards never expire

  • $500 required purchase for intro rewards

  • Foreign transaction fee

  • Balance transfer fees

wells-fargo-active-cash-card.png

Wells Fargo Active Cash® Card

At a glance

The Wells Fargo Business Elite Signature Card is not available to just any business. To qualify, your business must have a minimum of $1 million in annual sales. After that, the rewards are generous.

The introductory offer is almost as good as the regular rewards. New customers receive their choice of either a one-time $500 cashback reward or 50,000 rewards points after spending $15,000 within the first three months of having the card.

 

The choices do not end there. With the Wells Fargo Business Elite Signature Card, you again have your choice of reward structure. You can either earn 1.5% cash back for every dollar spent, or you can choose to receive 1 point for every dollar spent, plus 5,000 bonus points for every billing period with $10,000 or more in purchases. Either way, the card comes with up to a $100 annual credit toward your travel incidental fee reimbursement.  

Fees

The Wells Fargo Business Elite Signature Card's fee schedule includes no annual fee for your first year with a $125 annual charge thereafter. 

Type of Fee

Cost

Annual Fee

$0 first year

$125 thereafter

APR - Purchases

Prime + 3.99%

APR - Balance Transfers

Varies

APR - Cash Advances

Prime + 20.74%

Cash Advance Fee

4% or $10, whichever is greater

Foreign Transaction Fee

None

Pros & cons

Pros

Cons

  • Introductory bonus rewards

  • Introductory cashback offer

  • First-year annual fee waived

  • $1 million in required sales

  • Annual fee after first year

  • High rate for cash advances

wells-fargo-business-elite-signature-card.png

Wells Fargo Business Elite Signature Card

card highlights
intro bonusEarn a one-time $300 cash back bonus or 30,000 bonus points when you select a Business Card Rewards Program and spend $3,000 in the first three months of account open date
APR16.24% - 26.24% Variable
recommended creditExcellent, Good
reward rates
  • Cash Back option: Earn 1.5% cash back on qualifying purchases
  • Reward Points option: Earn 1 point on every $1 spent and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases
annual fee$0
intro purchase APR0% intro APR for 9 months

At a glance

Similar to the Business Elite Signature Card, the Wells Fargo Business Platinum Credit Card puts you in the driver's seat for your rewards. When you first open your account, the rewards begin immediately with your choice of a one-time $300 cashback bonus or 30,000 bonus points. To qualify, you must choose a Business Card Rewards program and spend $3,000 or more within the first three months of having the card. 

Otherwise, the Wells Fargo Business Platinum Credit Card receives a regular 1.5% cash back rate. For every dollar you spend, you also receive 1,000 bonus points for a minimum of $1,000 in eligible purchases. 

The Wells Fargo Business Platinum Credit Card offers a 0% introductory APR for the first nine months. To qualify, your business must have annual sales of $2 million or lower. 

Pros & cons

Pros

Cons

  • No annual fee

  • Choice of cashback or rewards points

  • Intro APR and rewards

  • High required spending

  • Overlimit

  • Cashback received on quarterly basis

wells-fargo-business-platinum-card.png

Wells Fargo Business Platinum Credit Card

card highlights
intro bonusN/A
APR18.24%, 24.74%, or 29.99% Variable APR
recommended creditExcellent, Good
reward rates N/A
annual fee$0
intro purchase APR0% intro APR for 21 months from account opening

At a glance

With a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, the Wells Fargo Reflect® Card has one of the longest intro APR periods today. But you must make sure to transfer your balance within 120 days of account opening to take advantage of the introductory offer. There is a balance transfer fee of 5% ($5 min) that will apply.

After the introductory period, the APR reverts to a 17.99% to 29.99% variable APR. 

Pros & cons

Pros

Cons

  • Long introductory APR period

  • No annual fee

  • Low starting APR

  • Does not earn rewards

  • No welcome bonus

  • Foreign transaction fee

wells-fargo-reflect-card.png

Wells Fargo Reflect® Card

How did we choose these products?

To help you choose a business credit card or a personal credit card, we consider several critical factors:

  • APR, both introductory and regular

  • Fees, such as an annual and transaction fee

  • Rewards and benefits, like points, travel, and concierge services 

  • Accessibility, service areas and customer service

  • Welcome rewards, like intro APRs and cashback bonuses  

  • Extra protections, like credit tools, lost luggage, travel, and car rental protections

FAQ

What is the difference between a debit card and a credit card?

The main difference between a debit card and a credit card comes down to your funds. Your debit card instantly deducts money from your bank account. Payment for your credit card purchases, however, uses a line of credit, so funds are not due until you receive the bill.

How many credit cards does Wells Fargo offer?

As of October 2021, Wells Fargo offers six credit cards. There are three business credit cards and three personal credit cards.

What benefits come with a Wells Fargo credit card?

Wells Fargo credit cards come with several benefits like roadside assistance, cell phone protection, and rental car and travel fee reimbursement.

Are there alternatives worth considering?

Wells Fargo only offers six credit cards. But if you would like to compare credit cards, check out these guides to the best credit cards in 2021:

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