Go Rewards and Ultimate Rewards

[TheBoondocks]

Hey guys, just wondering has the Go Rewards always been 1:1 like UR? Where it's 1c per point? If so, I might get the WF Propel card since there's no cap.

[wasCB14]

1:1? When did WF get transfer partners?

*You may misunderstand what 1:1 means. It's used in reference to point transfers to airlines and hotel loyalty programs. 1 Chase UR point can convert (with an AF UR card) to 1 World of Hyatt point or 1 United mile, etc. 1 Amex MR can become 1 Delta Skymile.

Of course, not all transfers are 1:1, and transfer increments vary (250, 1000, etc). The ratio can be higher or lower.

[TheBoondocks]

I mean 3c per point for every dollar spent lol.

[wasCB14]

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@TheBoondocks wrote:
I mean 3c per point for every dollar spent lol.

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Are you asking about pooling points across multiple WF cards - with either another WF card you have or with a spouse's WF card?

Someone else would have to answer pooling-related questions.

Or you just want to redeem for cash at 1 cent per point?

[Anonymous]

It is 3c per dollor earning rate in travel, gas, dining.

It is 1c per point when redeeming.

If you have a family/friend/willing stranger with wells visa sig, pool points and you get 1.5c per point when redeeming for flight through wf travel portal.

If you have a loyalty program with airline, it would be close to 1.66c per point.

It's an amex network card, so acceptance is less than VISA/MC.

[TheBoondocks]

What I'm saying is to redeem for cash back, it's always been 1c? It never changed? like for the penfed even tho it's 5x, it's said to be converted at 4.25% cash back for has.

[Anonymous]

yes, its 1 c per pt. but you can only redeem in 2500 pts increments.

[kdm31091]

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@TheBoondocks wrote:
What I'm saying is to redeem for cash back, it's always been 1c? It never changed? like for the penfed even tho it's 5x, it's said to be converted at 4.25% cash back for has.

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Keep in mind reward points are always subject to change and devaluation. Banks like these programs because they can decide how many points you need to redeem for a given reward, and they can change it at any time. That's why the Propel is advertised as "3x" dining, not 3%. There's no guarantee they will always let you redeem 1cpp for all redemptions.

Also note you can only redeem in increments of $25 which basically ensures you will leave money behind each time, so IMO your actual value is reduced.

[UncleB]

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@Anonymous wrote:

yes, its 1 c per pt. but you can only redeem in 2500 pts increments.

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For a statement credit redemptions are still limited to a 2500 minimum (and 2500 point increments) but WF recently added a 'purchase eraser' like feature that allows redemptions for any amount.  (I think there might be a $1 minimum, FWIW.)

More info:  https://ficoforums.myfico.com/t5/Credit-Cards/Zap-Purchases-w-Go-Far-Rewards/td-p/5612070

[TheBoondocks]

Oh that's like the capital one feature on a specific purchase. That's good to know and have.