Posted by William Charles on October 4, 2019
Credit Cards

Published on October 4th, 2019 | by William Charles

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Wells Fargo One Bonus Per 15-Month Rule (Slight Change)

Update 10/5/19: Terms now say ‘may not’ rather than ‘will not’. Not sure if this is really a change or just a lawyer verbiage change for no real reason. Hat tip to reader JC

Update 01/30/18: It looks like the use 15 month language in both places now, so this is really a 15 month rule.

Some time ago Wells Fargo added exclusionary language to their credit card applications. Under the terms and conditions you can find the following:

If you opened a Wells Fargo credit card within the last 16 months, you will not qualify for the introductory rate(s), fees and bonus offers.

It goes into a bit more detail here:

Eligibility for introductory rate(s), fees, and bonus rewards offers
If you opened a Wells Fargo credit card account during the last 15 months from the date of this application you will not be eligible for the introductory APR(s) or bonus rewards offers until the 1st day of the calendar month after the 15 month anniversary.
eligiblity offer

Is This Actually Enforced?

I’m not 100% sure why but I was under the impression that this rule is not actually enforced. This is incorrect, as many readers have pointed out and it is enforced. If anybody knows the exact dates that this type of language was added, let us know in the comments.

Bypass The Rule?

One person was able to get around this by signing up for two cards on the same day. Another reader was unsuccesful in doing this and they were told that their second application was marked as a duplicate.

F.A.Q’s

Does this apply across all cards or is it card specific?

All Wells Fargo cards have this language in the fine print. In addition if you sign up for the Wells Fargo Visa Signature then you’d need to wait 15/16 months to get the Wells Fargo Propel world for example.

Final Thoughts

We will add this to our list of churnable credit cards.



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joE
joE

such an odd number of month, or even, depending how you look at it!

Credit
Credit

They want to make sure you pay at least one years fee maybe?

I have world propel, I was going to get the visa signature to increase value of combined balance from $400 to $900 towards airfare. Anyone know any workarounds? If this rule is enforced I am might add well close my account. I don’t want to pay the $195 fee.

New with the upcoming credit score changes I think it is probably better to close accounts quickly than keep zombie accounts just to have low util rates , correct?

Blackbriarpatch
Blackbriarpatch

I’m not sure it would be the annual fee, since this applies to the cards without annual fees as well.

If you opened the Visa Signature, I imagine you would still get the increased value out of your existing points, but I don’t know if that would be worth the new account.

Jetsfan
Jetsfan

Yes, it is enforced. It was added at least as early as January 2017, because that is when I ran into the problem (no bonus points). They will give you the card, however. Bank representatives will assure you that you will receive the bonus, but do not believe them.

Joe
Joe

Related: Has anyone ever got a second 5% card from WF years later or do they enforce their once/lifetime language?

zalmy
zalmy

No need to worry about the credit score changes, as they won’t actually affect your credit score, just your VantageScore, which doesn’t actually affect you

Captainsave
Captainsave

So its one bonus for all cards? If i got the world propel i can’t get bonus for any other cards? Thats crazy. Heard it started beginning of this year. If i got the propel last yr will i still be eligible for a different card bonus?

GuyBucktastik
GuyBucktastik

I don’t know about credit cards and bonuses from Wells.

They do not enforce this language on their checking account bonuses, however.

Gadget
Gadget

+1 Can confirm checking success – gapped 4 months. I know someone who closed 1st acct late 2016, opened new acct early 2017; both of which paid out.

Robert
Robert

Me.

Youngestofallthebuck
Youngestofallthebuck

Gadget, do you know if this still holds true? Gadget

Gadget 🕵️

Unfortunately, AFAIK, it changed and checking bonus time-frames are being enforced now. Or, many people just have a bad promo code in 2018 and assumed it changed by all the people complaining they didn’t get a bonus. There was a lot of contention about ACH’s not counting for DD’s too at that time, and now that is working fine.

bob
bob

i got the Visa Signature card in Dec2016, and completed the spending. But i went hard enough at Grocery and Drug Stores that the shut me down. My Rewards portal still shows the Bonus $150 as “pending”, and will be able to be redeemed in 2 days. I log in 2 days later, it’s 2 days farther away. It’s been 2 days away for about 6 weeks now, and i can’t redeem it.

But it doesn’t show as “frozen”, or reduced to 0, like my previously-pending spend-earned points. So i maintain hope.

JASON
JASON

Hello, Bob. Can you tell me how much you’ve had spent on the card that they shut you down?

Bill
Bill

@ Bob – I’m pretty sure you’re not going to get those frozen rewards. By getting shut down, you have forfeited all rewards.

Bill
Bill

I applied for the propel card 13th months after the visa signature card. So I am not eligible for the bonus until the 1st day of the calendar month after the 15th anniversary. So do I have to time my hitting of the $3,000 spend in the first 3 months so that I don’t hit that amount until the statement that would post after month 16? Or that I can spend $3,000 and just won’t get the bonus until month 16?

Or what about all spend prior to the 1st of the month in month 16 does not count and that I would really have to spend $3,000 between the 1st of the month and still with the first three months which would be about a two week time period??

Tad
Tad

You ever figure this out?

JJN
JJN

Is this 15 months for the same card, or any bonus?

dan
dan

do they match bonuses, i know they recently upped their cash wise visa to 200 from 150? wondering if i should call.

James B.
James B.

Another blogger said he was not successful in matching a bonus.

Let us know your result here.

James B.
James B.

Just called the bank and they said no matching higher bonuses on credit cards.

YMMV…….

dan
dan

how do they know which you signed up under? dates i guess. my 150 still hasnt posted.

James B.
James B.

The bank rep said the bonus will apply 1-2 statement cycles after the spend requirement is completed.

dan
dan

They keep a record of what dates you signed up under?

Frito Pendejo
Frito Pendejo

Thanks for heads up. I saw the recent bonuses available and applied for one. I guess I won’t be bothering to put any spend on it as I already have the Propel World.

Lan
Lan

I just signed up for the Propel World card in branch. Would it still make sense to sign up for the Wells Fargo Visa Signature, even without the 20k point bonus, in order to get 1.5 cents of travel redemption from the Propel World points?

Ash
Ash

Hi, I can confirm that wells fargo is actually applying this rule . They are denying me 150 $ bonus which i am eligible for after spending 1000 $ for my Visa cash wise signature card. They are saying that since i had one card in last 15 months, i won t get the bonus. Funny thing is the card which i had in last 15 months was a secure credit card for which I actually paid them to use that card rather than getting any bonus from them for that card. This is un believable.

Mark
Mark

So is it 15 months or 16 months wait to get bonus? In terms, one places it says 15 months, another place it says 16 months. WF is so so screwed up. Also, there is no consensus whether the wait period is for similar cards or across board, of course to receive bonus again.

John
John

I’m wondering the same thing. Got last card in early Jan 16. Can’t figure out if it means I need to wait until May or June. I’m thinking 15 month anniversary means early April, but I don’t want to chance it.

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