Wells Fargo has recently revitalized its rewards program with the introduction of the Wells Fargo Autograph Journey℠ Card, bringing exciting new changes that benefit savvy spenders and travelers alike. With the addition of six transfer partners, including five airlines and one hotel, the Wells Fargo Go Far Rewards program now stands on par with other major transferable currencies in the financial market.
Earning Wells Fargo Go Far Rewards
Earning Go Far Rewards is straightforward: use your Wells Fargo credit card for daily purchases. For instance, the new Autograph Journey Card offers a generous 60,000 bonus reward points after a spend of $4,000 within the first three months. While these points are valued at 1 cent each when redeemed through the Wells Fargo portal, transferring them to travel partners can significantly increase their value.
Beyond the welcome bonus, cardholders earn:
- 5 points per dollar on hotel expenses,
- 4 points per dollar on airline tickets,
- 3 points per dollar on dining and other travel expenses,
- 1 point per dollar on all other purchases.
For those without an annual fee preference, the Wells Fargo Autograph Card offers 20,000 bonus points after spending $1,000 within three months, with a similar but slightly less lucrative points structure.
Understanding Transfer Partners
As of April 4, Wells Fargo has expanded its roster of transfer partners. Cardholders can now transfer their points to several high-value programs such as:
- Aer Lingus AerClub,
- Air France-KLM Flying Blue,
- Avianca LifeMiles,
- British Airways Executive Club,
- Iberia Plus,
- Choice Privileges (at a 1:2 ratio).
These partnerships allow for a 1:1 point transfer, making it possible to leverage airline alliances and hotel networks to maximize travel benefits.
Guide to Redeeming Wells Fargo Rewards
Redeeming your Wells Fargo points is a simple process:
- Log into your Wells Fargo credit card account or mobile app.
- Navigate to the Wells Fargo Rewards page.
- Choose “Use Rewards” and select your desired redemption method.
Options for redemption include:
- Travel bookings such as airfare and hotels,
- Charitable donations,
- Retail products,
- Gift cards,
- Statement credits.
While the baseline value is 1 cent per point for travel redemptions, other options may offer less value, making travel redemptions the most lucrative.
Strategic Use of Rewards
To maximize the potential of Wells Fargo points, consider transferring them to airline and hotel partners, especially for high-cost flights or stays. This approach typically offers the best value per point, significantly more than the standard redemption through Wells Fargo’s portal.
Wells Fargo Rewards Credit Cards
Currently, Wells Fargo offers the Go Far Rewards with two primary cards:
- Wells Fargo Autograph Journey Card,
- Wells Fargo Autograph Card.
Both cards are designed to cater to different spending habits and rewards preferences, each featuring attractive welcome bonuses and earning structures tailored to frequent travelers and everyday spenders alike.
Final Thoughts
With its enhanced transferability and versatile earning options, the Wells Fargo Rewards program has become more appealing to those who seek to maximize their credit card benefits. As the program continues to evolve, we anticipate further expansions that will enhance its competitiveness in the rewards credit card market.