Numerous Wells Fargo student cardholders are reporting having their cards automatically converted to the new Wells Fargo Active Cash card. When contacting Wells Fargo they are being told that letters have been sent out communicating these changes and card numbers and all other details are remaining the same. This is actually an improvement as the student card earns 1% back and the active cash earns 2% back.
Hat tip to reader Ryan Leftwich
Probably just bankers opening them a new account up and telling them it is a conversion 🙂
I know that WF usually does that for product changes, but that doesn’t appear to be the case here. My new Active Cash (that was converted) has “Member since 201X” on the back and I still have access to all of the same history through their portal.
I’ll update if it appears they did a close -> new account, like they do with most “product changes”.
Understand was being sarcastic of their old behavior of opening up accounts without permission is all
Hopefully they leave the Propel alone for awhile