topic Re: wells fargo cc? in Credit Cards

wells fargo cc?

Anonymous — Sat, 05 Jul 2014 06:18:02 GMT

https://www.wellsfargo.com/credit-cards/ Seems like decent rewards? Anyone has one? Might add to portfolio diversity?

Re: wells fargo cc?

AMTB — Sat, 05 Jul 2014 06:45:02 GMT

I have the regular VISA card and it's on my cancelling list. I would say WF VISA CC offers nothing attractive. the AMEX maybe ok for some people.

Re: wells fargo cc?

sexy_kitten7 — Sat, 05 Jul 2014 07:49:30 GMT

Historically, WF has not had any decent cards period.

This year they partnered with Amex to create two new products that are comparable to the Arrival and Venture.

Be aware that the underwriting criteria are rather strict, so app at your own risk

Re: wells fargo cc?

IcEWoLF — Sat, 05 Jul 2014 10:48:51 GMT

Like the above poster said, relationship banking is very important, they may decline you if you don't have an account with them...many of the posters here reported that.

Re: wells fargo cc?

Anonymous — Sat, 05 Jul 2014 14:38:20 GMT

I don't really see the attraction of these cards, especially the propel, with the AF. So yes, Propel gives 3x on gas compared to 2x with Fidelity Amex, but with a $45 fee after the first year, which is better only if you spend more than $4,500 on gas (and if you do, go for one of the 5% gas cards anyway) AND nothing outside the propel categories (as there Fidelity earns 2%)

Re: wells fargo cc?

SnackTrader — Sat, 05 Jul 2014 18:29:42 GMT

@Anonymous wrote:
I don't really see the attraction of these cards, especially the propel, with the AF. So yes, Propel gives 3x on gas compared to 2x with Fidelity Amex, but with a $45 fee after the first year, which is better only if you spend more than $4,500 on gas (and if you do, go for one of the 5% gas cards anyway) AND nothing outside the propel categories (as there Fidelity earns 2%)

Really? What about the sign-up bonus? For those not putting significant funds through MS, a $400 sign-up and $100 airline credit is a pretty decent haul for one HP. seems like a useful card to open and dump, IMO.

Re: wells fargo cc?

Florida1990 — Sat, 05 Jul 2014 19:05:34 GMT

Wells fargo is rather strict and offer no real perks I would go for a regualr Capital One Venture

Re: wells fargo cc?

Anonymous — Sat, 05 Jul 2014 19:26:46 GMT

@SnackTrader wrote:
@Anonymous wrote:
I don't really see the attraction of these cards, especially the propel, with the AF. So yes, Propel gives 3x on gas compared to 2x with Fidelity Amex, but with a $45 fee after the first year, which is better only if you spend more than $4,500 on gas (and if you do, go for one of the 5% gas cards anyway) AND nothing outside the propel categories (as there Fidelity earns 2%)
Really? What about the sign-up bonus? For those not putting significant funds through MS, a $400 sign-up and $100 airline credit is a pretty decent haul for one HP. seems like a useful card to open and dump, IMO.

Yes, sorry, missed the sign up. I agree for sign and dump, like the arrival. But for keeping, no.

Re: wells fargo cc?

Themanwhocan — Sat, 05 Jul 2014 20:34:23 GMT

Hmm, I don't supose Wells fargo has any better deals if you apply in the bank?

Re: wells fargo cc?

B335is — Sat, 05 Jul 2014 21:07:32 GMT

@Anonymous wrote:
@SnackTrader wrote:
@Anonymous wrote:
I don't really see the attraction of these cards, especially the propel, with the AF. So yes, Propel gives 3x on gas compared to 2x with Fidelity Amex, but with a $45 fee after the first year, which is better only if you spend more than $4,500 on gas (and if you do, go for one of the 5% gas cards anyway) AND nothing outside the propel categories (as there Fidelity earns 2%)
Really? What about the sign-up bonus? For those not putting significant funds through MS, a $400 sign-up and $100 airline credit is a pretty decent haul for one HP. seems like a useful card to open and dump, IMO.
Yes, sorry, missed the sign up. I agree for sign and dump, like the arrival. But for keeping, no.

The sign up bonus is good. I actually bought an American Airlines gift card and got $100 statement credit in 2 days. There is also cell phone coverage; loss, damage, regardless of the reason is $25 deductible. But I don't think I'll keep it past year 1.

Re: wells fargo cc?

AMTB — Sat, 05 Jul 2014 22:07:37 GMT

@Themanwhocan wrote:
Hmm, I don't supose Wells fargo has any better deals if you apply in the bank?

I applied in the bank and got zero perks. .not even zero intro APR. I looked online and was regretted applying in the bank.

Re: wells fargo cc?

Open123 — Sat, 05 Jul 2014 23:36:38 GMT

@Anonymous wrote:
@SnackTrader wrote:
@Anonymous wrote:
I don't really see the attraction of these cards, especially the propel, with the AF. So yes, Propel gives 3x on gas compared to 2x with Fidelity Amex, but with a $45 fee after the first year, which is better only if you spend more than $4,500 on gas (and if you do, go for one of the 5% gas cards anyway) AND nothing outside the propel categories (as there Fidelity earns 2%)
Really? What about the sign-up bonus? For those not putting significant funds through MS, a $400 sign-up and $100 airline credit is a pretty decent haul for one HP. seems like a useful card to open and dump, IMO.
Yes, sorry, missed the sign up. I agree for sign and dump, like the arrival. But for keeping, no.

"Sign & Dump," very aptly put. LOL

The 40K Propel is fine for the bonus, but not worth the $175 fee to keep. From my perspective, I don't see any Wells cards compelling enough to keep, especially for a fee.

Re: wells fargo cc?

thom02099 — Sat, 05 Jul 2014 23:44:24 GMT

The Wells Fargo Propel cards DO offer something that practically no one else offers right now...Chip & PIN. Not signature. PIN.

I recently applied for the Propel 365 card, to primarily replace my near-worthless Platinum Visa card. The card arrived with the EMV chip, which is a prompt when you apply on line, to choose the EMV option. Today, I received my PIN. It's NOT a PIN for just ATM access. The accompanying letter specifically points out that this is useful when travelling abroad and using at UNATTENDED KIOSKS (ie, train station tickets!), and other unattended venues, as well as common credit card terminals throughout the rest of the world.

So, they are bypassing Chip & Signature and going right to Chip & PIN. Which DOES give them an advantage over other cards, for international travellers.

Re: wells fargo cc?

sexy_kitten7 — Sun, 06 Jul 2014 07:30:20 GMT

@thom02099 wrote:
The Wells Fargo Propel cards DO offer something that practically no one else offers right now...Chip & PIN. Not signature. PIN.

Good point. The only other card I'm aware of is Barclays Arrival+.

Re: wells fargo cc?

Anonymous — Sat, 12 Jul 2014 03:42:47 GMT

should we get the no fee one anyway JUST to establish a relationship with them so that if we need a loan down the line for a house, we'd have some sort of relationship established already?

Re: wells fargo cc?

Anonymous — Sat, 12 Jul 2014 03:49:08 GMT

@Anonymous wrote:
should we get the no fee one anyway JUST to establish a relationship with them so that if we need a loan down the line for a house, we'd have some sort of relationship established already?

Right, but what about all the other lenders out there, at least the big banks, would you get cards with them all.

I always go through internet mortgage brokers to get the best rates, and none of my my mortgages( even through the broker) have been from institutions that I have accounts with.

Re: wells fargo cc?

Anonymous — Sat, 12 Jul 2014 04:10:23 GMT

@Anonymous wrote:
@Anonymous wrote:
should we get the no fee one anyway JUST to establish a relationship with them so that if we need a loan down the line for a house, we'd have some sort of relationship established already?
Right, but what about all the other lenders out there, at least the big banks, would you get cards with them all.

I always go through internet mortgage brokers to get the best rates, and none of my my mortgages( even through the broker) have been from institutions that I have accounts with.

I have cards with all the big banks except CITI, US bank, and Wells Fargo, and no Credit unions.

Re: wells fargo cc?

Open123 — Sat, 12 Jul 2014 04:20:16 GMT

@Anonymous wrote:
I always go through internet mortgage brokers to get the best rates, and none of my my mortgages( even through the broker) have been from institutions that I have accounts with.

Likewise, the best rates are to go through internet brokers/direct lenders and search for the best rates, and bypass full service brokers and banks. Cut out the middle man, and watch the points and closing fees.

These espoused "relationship" benefits are highly overrated.

*Edited* PS - When borrowing money, the *quality* of the lender is irrelvant.

Re: wells fargo cc?

Anonymous — Sat, 12 Jul 2014 05:01:04 GMT

i'll keep that in mind. Which are the best internet brokers/direct lenders?

Re: wells fargo cc?

AMTB — Sat, 12 Jul 2014 05:13:56 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
should we get the no fee one anyway JUST to establish a relationship with them so that if we need a loan down the line for a house, we'd have some sort of relationship established already?
Right, but what about all the other lenders out there, at least the big banks, would you get cards with them all.

I always go through internet mortgage brokers to get the best rates, and none of my my mortgages( even through the broker) have been from institutions that I have accounts with.
I have cards with all the big banks except CITI, US bank, and Wells Fargo, and no Credit unions.

that's a lot of banks if yoy ask me

http://www.usbanklocations.com/bank-rank/total-assets.html