topic Re: New Wells Fargo cards for 2022 in Credit Cards

WF upcoming cards ?

NoMoreE46 — Wed, 01 Dec 2021 06:54:16 GMT

From Reddit:

https://www.reddit.com/r/CreditCards/comments/r27j60/wells_fargo_is_preparing_5_rewards_credit_cards/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

New Wells Fargo cards for 2022

Aim_High — Tue, 30 Nov 2021 21:47:45 GMT

There is a recent post on reddit with names for Wells Fargo's new credit cards to be introduced in 2022. There's been changes going on with cards at Wells Fargo since the new CEO Charlie Scharf, formerly CEO at Visa and Bank of New York Mellon, took over in 2019. While Wells Fargo is the 3rd largest US bank, they trail some of the other large banks as only the 8th largest issuer of cards. See these related links: Link 1 Link 2 Link 3

Since April, when the Propel AMEX was closed to new applicants, they've introduced the Active Cash 2% Cash Back card and their Reflect Low-APR card. Meanwhile, besides the Propel, you can no longer find applications for some of their other cards on their website including the Cash Wise 1.5% card, the Cash Back card, the Platinum Visa card, or the Visa Signature card.

The link above reports that WF has plans for (5) new cards in 2022! The poster felt confident in the names but posted a "best guess" on where they might fall in a hierarchy.

These cards most likely require a Private Bank or Wells Fargo Advisors relationship:

Trilliant (high AF, probably Private Bank)
Autograph (mid-high AF, probably Wells Fargo Advisors)

These cards are probably the standard, rewards line-up:

Amplitude (high AF)
Actualize (mid AF)
Ratio (low or no AF)

I'm watching with some interest. I had plans to add the Propel before they ended it. If one of the new cards is a worthwhile addition, I may roll my Cash Wise card limit over to it (if that is still allowed.)

Re: New Wells Fargo cards for 2022

Remedios — Tue, 30 Nov 2021 23:29:41 GMT

Those names are straight out of self-help meditation manual.

Re: New Wells Fargo cards for 2022

simplynoir — Tue, 30 Nov 2021 21:58:45 GMT

Those credit card names are as bad as the Marriott card names a few years ago 😂

With that said I'm actually interested in this. Always nice to have some new blood in the credit card game. Depending on when they release more information might just get me to hold off applying for anything til then ~~but seriously what are those names~~

Re: New Wells Fargo cards for 2022

Anonymous — Tue, 30 Nov 2021 22:12:37 GMT

Wells has been very disappointing. By axing the points pooling, they crippled propel and cash wise, now they are just some "me too" cards with very little selling points.

Earn more mall is the only thing that kept me from canceling my wells cards at this point.

Re: New Wells Fargo cards for 2022

Anonymous — Tue, 30 Nov 2021 23:45:06 GMT

It is too bad you didn't get the Propel card in time. I really like that card. I use mine alot. However, I just hope they don't close them down and give us another card in its place. You just never know

Thanks

Mark

Re: New Wells Fargo cards for 2022

Aim_High — Wed, 01 Dec 2021 02:18:43 GMT

@Anonymous wrote:
It is too bad you didn't get the Propel card in time. I really like that card. I use mine alot. However, I just hope they don't close them down and give us another card in its place. You just never know
Thanks
Mark

Yeah, I thought about trying to get in "under-the-wire" in April when the word of pending closure of applications came out, @Anonymous. But I wouldn't have been eligible for the SUB (too soon for WF's one sub in 15 month limitation) and honestly, the Propel duplicated my other cards too much. It was just the best card they had at that time, IMO. I have hopes that whatever they come out with could be a big game-changer for them. Fingers crossed!

Re: New Wells Fargo cards for 2022

Rockysocks — Wed, 01 Dec 2021 03:08:59 GMT

@Aim_High wrote:
There is a recent post on reddit with names for Wells Fargo's new credit cards to be introduced in 2022. There's been changes going on with cards at Wells Fargo since the new CEO Charlie Scharf, formerly CEO at Visa and Bank of New York Mellon, took over in 2019. While Wells Fargo is the 3rd largest US bank, they trail some of the other large banks as only the 8th largest issuer of cards. See these related links: Link 1 Link 2 Link 3

Since April, when the Propel AMEX was closed to new applicants, they've introduced the Active Cash 2% Cash Back card and their Reflect Low-APR card. Meanwhile, besides the Propel, you can no longer find applications for some of their other cards on their website including the Cash Wise 1.5% card, the Cash Back card, the Platinum Visa card, or the Visa Signature card.

The link above reports that WF has plans for (5) new cards in 2022! The poster felt confident in the names but posted a "best guess" on where they might fall in a hierarchy.

These cards most likely require a Private Bank or Wells Fargo Advisors relationship:
Trilliant (high AF, probably Private Bank)
Autograph (mid-high AF, probably Wells Fargo Advisors)
These cards are probably the standard, rewards line-up:
Amplitude (high AF)
Actualize (mid AF)
Ratio (low or no AF)
I'm watching with some interest. I had plans to add the Propel before they ended it. If one of the new cards is a worthwhile addition, I may roll my Cash Wise card limit over to it (if that is still allowed.)

I realize this is all speculation, but...

My personal thoughts on names:

Trilliant, Autograph, Amplitude- okay, passable.

Actualize, Ratio- um... We're customers not accountants.

But, mainly, JUST ONE NO AF CARD OPTION?! *throws a tantrum*

Re: New Wells Fargo cards for 2022

Anonymalous — Wed, 01 Dec 2021 10:10:30 GMT

I completely disagree, those are awesome card names. Why have a mere Platinum or *Rewards, when you can have a Bayesian or an Immanentize or a Zaphodbeeblebroxiant?

Though I'll still never get any of them, because on a scale of 1 to Wells Fargo, evil is about a 3.

Re: New Wells Fargo cards for 2022

FormerCollegeDJ — Thu, 02 Dec 2021 16:37:08 GMT

@Anonymous wrote:
It is too bad you didn't get the Propel card in time. I really like that card. I use mine a lot. However, I just hope they don't close them down and give us another card in its place. You just never know
Thanks
Mark

Yeah, I AM one of the people who came in under the wire to apply and be approved for the Wells Fargo Propel, and I find regular use for it, even though most of its 3% categories are duplicated on other cards I own.

One of the big benefits of the Propel is that it gets A LOT of deals placed on it. It gets many, though not all, of the American Express deals (including some of the deals that haven't been added to the Amex-issued cards over the last year, such as the Shop Small deals), plus it gets many of the same deals that show up on Chase's credit cards (deals which I use reasonably often between the WF Propel and the 3 Chase cards I have). There are also sometimes some good deals in the WF Earn More Mall portal. The latter two types of deals would likely still be available on a replacement card for the Propel, but the Amex deals would not, and I'd miss those.

Re: New Wells Fargo cards for 2022

NoMoreE46 — Fri, 03 Dec 2021 19:58:15 GMT

This shift to expressive names is also in the works with Capital One with regards to its traveling program.

Re: New Wells Fargo cards for 2022

LADave — Fri, 27 May 2022 18:21:11 GMT

For whatever it's worth, a now-deleted Reddit post that was claimed to have been written by a WF employee gave details about a new "Autograph" card, which largely replaces Propel except it's on Visa instead of American Express. Here were the details:

3X on dining, transit, travel and streaming services
1X on everything else
No AF or foreign transaction fees
Possible 3% on cellular services

This looks very similar to Capital One's SavorOne card, and possibly better for some people. SavorOne's 3% does not include transit, travel or cell phone service, which might be included, although SavorOne does give 3% back on groceries and entertainment.

Of course, until this is confirmed this should be taken with a grain of salt, since literally anyone can claim to be a WF employee on Reddit and then delete their post to make it look like they knew what they were talking about. And giving confidential info like this on Reddit could be a great way to end a career.

(Edited to note that SavorOne's 3% categories do not include transit.)

Re: New Wells Fargo cards for 2022

FormerCollegeDJ — Fri, 27 May 2022 19:38:51 GMT

@LADave wrote:
For whatever it's worth, a now-deleted Reddit post that was claimed to have been written by a WF employee gave details about a new "Autograph" card, which largely replaces Propel except it's on Visa instead of American Express. Here were the details:
3X on dining, transit, travel and streaming services
1X on everything else
No AF or foreign transaction fees
Possible 3% on cellular services
This looks very similar to Capital One's SavorOne card, and possibly better for some people. SavorOne's 3% does not include transit, travel or cell phone service, which might be included, although SavorOne does give 3% back on groceries and entertainment.

Of course, until this is confirmed this should be taken with a grain of salt, since literally anyone can claim to be a WF employee on Reddit and then delete their post to make it look like they knew what they were talking about. And giving confidential info like this on Reddit could be a great way to end a career.

(Edited to note that SavorOne's 3% categories do not include transit.)

As a frame of reference, here are the similarities and differences between the WF Propel and the possible WF Autograph card, assuming all of the above (which I also heard about on Reddit yesterday) is accurate:

SIMILARITIES

*3% restaurants

*3% streaming

*3% travel (appears the WF Autograph may have a narrower definition of "travel", considering "travel" and "transit" are listed separately and the WF Propel treats both categories as "travel")

*No annual fee

*No foreign transaction fees

DIFFERENCES

*Gas purchases - WF Propel provides 3% rewards, possible WF Autograph will not (unless gas is classified under "travel")

*Cellular services - possible WF Autograph may provide 3% rewards, WF Propel does not

For people who already have the WF Propel and want to replace it (or possibly are forced by Wells Fargo to replace it) with the WF Autograph (assuming it is released with the attributes listed above), in my eyes the questions become 1) do you have other cards that offer 3% or more rewards on gas or cellular services and 2) do you do a lot of international travel (where Visa is more widely accepted than American Express)?

One factor I did NOT list above are the Amex-related offers available through My Wells Fargo Deals on the WF Propel, which are sometimes very good deals, such as the Shop Small credits. There's a good reason for that. I'm someone who checks my credit cards most days to keep an eye on balances and to active offers available on some cards (particularly American Express, Chase, and Wells Fargo), so I'm reasonably aware of when deals are offered and can be added to cards. I noticed 1-2 weeks ago that I had a shrinking number of Amex-related offers available in My Wells Fargo Deals. Upon further checking, I noticed that I had not activated any Amex-related offers since April 19th. Perhaps not coincidentally, it was around the same time in 2021 (actually April 19th exactly) that Wells Fargo discontinued broadly offering the Propel Amex card to new applicants. I think it is possible that whatever agreement Wells Fargo and American Express had ended a year after the Propel was closed to new applicants and new Amex offers are no longer being sent to the Propel. If that is the case, that may have some implications related to the possible WF Autograph.

We'll all find out if the WF Autograph rumor is accurate in the next couple of months.

NOTE: When I say above that I have not received any new Amex-related offers in My Wells Fargo Deals on the WF Propel since April 19th, that doesn't mean there aren't previously activated Amex offers that are still valid. I still have a few of those offers. However, it does mean no new Amex-related offers have been made available to activate since April 19th. Many of the Amex-related offers that are still valid on my WF Propel expire at the end of this month (May 2022) and the last of Amex-related offers available on my card expires at the end of July. (I actually only will have three Amex-related offers available on the WF Propel after May 31st.)

Re: New Wells Fargo cards for 2022

LADave — Fri, 27 May 2022 19:39:00 GMT

@FormerCollegeDJ wrote:
One factor I did NOT list above are the Amex-related offers available through My Wells Fargo Deals on the WF Propel, which are sometimes very good deals, such as the Shop Small credits. There's a good reason for that. I'm someone who checks my credit cards most days to keep an eye on balances and to active offers available on some cards (particularly American Express, Chase, and Wells Fargo), so I'm reasonably aware of when deals are offered and can be added to cards. I noticed 1-2 weeks ago that I had a shrinking number of Amex-related offers available in My Wells Fargo Deals. Upon further checking, I noticed that I had not activated any Amex-related offers since April 19th. Perhaps not coincidentally, it was around the same time in 2021 (actually April 19th exactly) that Wells Fargo discontinued broadly offering the Propel Amex card to new applicants. I think it is possible that whatever agreement Wells Fargo and American Express had ended a year after the Propel was closed to new applicants and new Amex offers are no longer being sent to the Propel. If that is the case, that may have some implications related to the possible WF Autograph.

Very interesting! Those could point to motivations to release the card now, assuming the launch of an Autograph (as in Visa Signature? LOL) card with the rumored rewards is imminent. Adding benefits like additional CB for cell service could sweeten the deal to get Propel users to do a product change (although the deal looks less sweet if gas purchases are no longer 3% CB).

Re: New Wells Fargo cards for 2022

FormerCollegeDJ — Fri, 27 May 2022 19:51:21 GMT

@LADave wrote:
@FormerCollegeDJ wrote:
One factor I did NOT list above are the Amex-related offers available through My Wells Fargo Deals on the WF Propel, which are sometimes very good deals, such as the Shop Small credits. There's a good reason for that. I'm someone who checks my credit cards most days to keep an eye on balances and to active offers available on some cards (particularly American Express, Chase, and Wells Fargo), so I'm reasonably aware of when deals are offered and can be added to cards. I noticed 1-2 weeks ago that I had a shrinking number of Amex-related offers available in My Wells Fargo Deals. Upon further checking, I noticed that I had not activated any Amex-related offers since April 19th. Perhaps not coincidentally, it was around the same time in 2021 (actually April 19th exactly) that Wells Fargo discontinued broadly offering the Propel Amex card to new applicants. I think it is possible that whatever agreement Wells Fargo and American Express had ended a year after the Propel was closed to new applicants and new Amex offers are no longer being sent to the Propel. If that is the case, that may have some implications related to the possible WF Autograph.
Very interesting! Those could point to motivations to release the card now, assuming the launch of an Autograph (as in Visa Signature? LOL) card with the rumored rewards is imminent. Adding benefits like additional CB for cell service could sweeten the deal to get Propel users to do a product change (although the deal looks less sweet if gas purchases are no longer 3% CB).

What I wrote above is speculation, albeit speculation based on logical assumptions and piecing some bits of information together.

What I do know is I have not received any new Amex-related offers on the WF Propel for over a month after often receiving many offers per week the first few months I had the card. (I got it last April shortly before it was closed to new applicants.) My guess is that is also the case with other WF Propel card holders. With the WF Propel Amex appearing to no longer receive Amex-related offers and the WF Autograph Visa, a card with a similar rewards structure, possibly being released in the next couple of months based on the previously-mentioned Reddit post, I think it possible - not probable but possible - that Wells Fargo will switch over current WF Propel card holders to the WF Autograph. (It is also possible the relatively small differences between the two cards may mean the WF Propel will continue to be grandfathered in as a Wells Fargo card.) Some or all of the above may be incorrect.

Re: New Wells Fargo cards for 2022

UncleB — Sat, 28 May 2022 19:06:45 GMT

I admit I don't use my Propel as often as I once did, but I do like having it as an option and of course I also like being able to use the occasional Amex Offer.

It's going to be interesting to see how this all shakes out. 🤔

Re: New Wells Fargo cards for 2022

Eagered2succeed — Sun, 29 May 2022 10:47:50 GMT

@FormerCollegeDJ wrote:
@LADave wrote:
@FormerCollegeDJ wrote:
One factor I did NOT list above are the Amex-related offers available through My Wells Fargo Deals on the WF Propel, which are sometimes very good deals, such as the Shop Small credits. There's a good reason for that. I'm someone who checks my credit cards most days to keep an eye on balances and to active offers available on some cards (particularly American Express, Chase, and Wells Fargo), so I'm reasonably aware of when deals are offered and can be added to cards. I noticed 1-2 weeks ago that I had a shrinking number of Amex-related offers available in My Wells Fargo Deals. Upon further checking, I noticed that I had not activated any Amex-related offers since April 19th. Perhaps not coincidentally, it was around the same time in 2021 (actually April 19th exactly) that Wells Fargo discontinued broadly offering the Propel Amex card to new applicants. I think it is possible that whatever agreement Wells Fargo and American Express had ended a year after the Propel was closed to new applicants and new Amex offers are no longer being sent to the Propel. If that is the case, that may have some implications related to the possible WF Autograph.
Very interesting! Those could point to motivations to release the card now, assuming the launch of an Autograph (as in Visa Signature? LOL) card with the rumored rewards is imminent. Adding benefits like additional CB for cell service could sweeten the deal to get Propel users to do a product change (although the deal looks less sweet if gas purchases are no longer 3% CB).
What I wrote above is speculation, albeit speculation based on logical assumptions and piecing some bits of information together.

What I do know is I have not received any new Amex-related offers on the WF Propel for over a month after often receiving many offers per week the first few months I had the card. (I got it last April shortly before it was closed to new applicants.) My guess is that is also the case with other WF Propel card holders. With the WF Propel Amex appearing to no longer receive Amex-related offers and the WF Autograph Visa, a card with a similar rewards structure, possibly being released in the next couple of months based on the previously-mentioned Reddit post, I think it possible - not probable but possible - that Wells Fargo will switch over current WF Propel card holders to the WF Autograph. (It is also possible the relatively small differences between the two cards may mean the WF Propel will continue to be grandfathered in as a Wells Fargo card.) Some or all of the above may be incorrect.

I'm looking for the article which of course I can't find, but I vaguely remember a few months ago remember reading that they were discounting the amex offers on WF cards. I will try my best to locate the info if my memory of it is actually correct lol.

Re: New Wells Fargo cards for 2022

Eagered2succeed — Sun, 29 May 2022 11:01:42 GMT

Ok so found the article I was referring to. Wasn't specifically about the Amex offers just earn more mall which still exist. Also just checked my Propel account and I still have Amex only offers available. Albeit no good ones, but they're still there lol.

just https://www.doctorofcredit.com/wells-fargo-earn-more-mall-to-be-discontinued/

Re: New Wells Fargo cards for 2022

FormerCollegeDJ — Sun, 29 May 2022 12:10:45 GMT

@Eagered2succeed wrote:
Ok so found the article I was referring to. Wasn't specifically about the Amex offers just earn more mall which still exist. Also just checked my Propel account and I still have Amex only offers available. Albeit no good ones, but they're still there lol.

just https://www.doctorofcredit.com/wells-fargo-earn-more-mall-to-be-discontinued/

I think functionally "Wells Fargo Rewards" is the same thing as the "Earn More Mall" except the name changed. I haven't noticed any significant changes between the two programs, except "Wells Fargo Rewards" appears to have fewer in-store offers.

Re: New Wells Fargo cards for 2022

xenon3030 — Thu, 02 Jun 2022 06:36:08 GMT

Looking forward to hearing more about the new WF cards.

I recently started to work with WF and it looks a bit weird bank. I deposited a small check with my mobile to my WF checking and they placed a hold on it for 10 days . When I called rep, they said for the new accounts with <1y, they will do it and they recommended to use ACH, if I need sooner than 10 days. Since their ACH transfer also takes ~3-4 days, all the ways to transfer fund to this bank for a complete 1year look snail 🐌🐌🐌