Wells Fargo &
Company is an American multinational diversified financial
services company with operations around the world. Wells Fargo is the fourth
largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home
mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest
company in the United States. Wells Fargo is headquartered in San Francisco,
California, but has major "hubquarters" in other cities throughout
the country.
In 2007 it was the only bank in the United States to be rated AAA by S&P,
though its rating has since been lowered to AA- in
light of the financial crisis of 2007–2012. The firm's primary U.S. operating
subsidiary is national bank Wells Fargo
Bank, N.A., which designates its main office as Sioux Falls,
South Dakota.
n 2012, Wells Fargo had more than 9,000 retail branches and 12,198 automated
teller machines (ATM) in 39 states and the District of Columbia. It has over
270,000 employees and over 70 million customers.
Wells Fargo is one of the Big Four banks of the United States with Bank
of America, Citigroup and JP Morgan Chase.
Credit
Card Services of Wells Fargo
Like
other banking service institute, Wells Fargo also issues credit card. Generally
Wells Fargo issues Wells Fargo Rewards® Card , Wells Fargo
Cash BackSM Card , Wells Fargo
Home Rebate Card®, Wells Fargo®
Platinum Card , Wells Fargo Cash BackSM College Card , Wells Fargo
Secured Card. Now I will discuss about Wells Fargo
Rewards® Card.
Interest Rates and Interest Charges of Wells Fargo Rewards® Card
Annual Percentage Rate (APR) for
Purchases and Balance Transfers
Prime Rate + 5.9% to Prime Rate + 22.74%, based on your creditworthiness.
This APR will vary with the market based on the U.S. Prime Rate. You may not
qualify for the lowest APR disclosed in the range above. The APR applicable to
your account will be determined by our review of your credit report,
information you provide on your application, and other relevant information
available to us.
APR for Cash Advances and Overdraft
Protection Advances
Prime Rate +
20.74% to Prime Rate + 22.74%, based on your
creditworthiness. This APR will vary with the market based on the U.S. Prime
Rate. You may not qualify for the lowest APR disclosed in the range above. The
APR applicable to your account will be determined by our review of your credit
report, information you provide on your application, and other relevant
information available to us.
Paying Interest
Your due date is at least 25 days after the close of each billing
period. We will not charge you any interest on purchases if you pay your entire
balance by the due date each month. We will begin charging interest on cash
advances and balances transfers on the transaction date.
Minimum Interest Charge
If you are charged interest, the charge will be no less than
$1.00.
Fees
Annual Fee
None
Balance Transfers:
Up to 5% for
each balance transfer, with a minimum of $5.
Cash Advances:
Either $10 or
5% of
the amount of each advance, whichever is greater, for each SUPERCHECKS™
advance, ATM advance or each advance through the Wells Fargo Online® banking program or customer service. Either $20 or
5% of
the amount of each advance, whichever is greater, for each advance obtained in
person at a participating financial institution or other source.
Overdraft Protection Advances:
$12.50 if the total of overdraft protection advances for the day is $50
or less; $20 if
the total of overdraft protection advances for the day is greater than $50.
Foreign Currency Conversion:
3% of
each transaction converted to U.S. dollars.
Penalty Fees Wells
Fargo Rewards® Card
Late Payment:
Up
to $35.
Returned Check or Returned Payment:
Up
to $35.
Earning and redemptions of rewards points of Wells
Fargo Rewards® Card
Get more from your purchases
Get more
from your purchases by earning 1 rewards point for each
$1 spent on net purchases (purchases minus returns/credits) with your credit
card.
Choose the rewards that fit your
lifestyle
Choose the
rewards that fit your lifestyle. We offer
hundreds of redemption options including cash rewards, gift cards, brand-name
merchandise and airfare.
Get more flexibility
Get more flexibility. When redeeming points for airfare, you can travel anywhere,
anytime.2 Enjoy fewer air restrictions with no advance booking, no
minimum stays, no required Saturday night stays and no limits on the number of
points you can use. Our enhanced travel options allow you to redeem points
online for hotels, car rentals and activities. And now you have an array of
payment options for travel: rewards points, a Wells Fargo Credit or Debit Card,
or a combination of points and a payment card.
Earn bonus points
Earn bonus
points. Boost your earnings with up to 16
bonus points per dollar spent in net purchases when you shop at over 700
merchants at the new Earn More Mall® site.3
Plus, you can purchase gift cards with free shipping and gift messaging.
Better manage your spending of Wells
Fargo Rewards® Card
Free online account access.
View charges, transfer funds, make
balance transfers, and more.
Easily track your expenses.
My Spending Report and Budget Watch
are built-in tools that help you see where your money is going and easily set
up a budget.
Choose your monthly payment due date
Choose
your monthly payment due date and
sign up for automatic or online payments.
Stay on top of your account activity
Stay on
top of your account activity with free
email alerts when you approach your credit limit, a payment is due, and more.
More built-in benefits
Visa Guide to Benefits (PDF)* - auto rental
benefits and travel services.
24-hour customer service in English
and Spanish.
Additional cards at no extra cost.
Requirement to apply online for Wells
Fargo Rewards® Card
Social Security Number.
Monthly mortgage/rent information.
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