Posted by William Charles on April 24, 2017
Credit Card Offers

Published on April 24th, 2017 | by William Charles

63

[Expired] Wells Fargo Visa Signature 20,000 Point Bonus – Worth $300 Towards Airfare & 5x On Gas, Grocery, Drugstores

This bonus has expired and is no longer available. Click here to see a list of the best current credit card bonuses.

The Offer

Direct link to offer

  • Wells Fargo is currently offering a bonus of 20,000 points after $1,000 in spend within the first three months

wells fargo 20,000 $300 bonus

Card Details

  • Card earns at the following rates:
  • No annual fee
  • Points are worth an extra 50% when redeemed for airfare (e.g $300 points is worth $450 towards airfare)
  • Cell Phone Protection

Our Verdict

I mentioned that Wells Fargo has increased the sign up bonus on some of their cards to $200, but thought this card in particular was worth singling out for two reasons:

  • It offers 5x on gas, grocery and drugstores within the first six months. It’s no longer possible to put high spend through these categories, but you can still put some spend towards them.
  • Points are worth an additional 50% when redeeming for airfare. Flights must be booked through Go Far Rewards. The cost of the ticket is divided by 0.015 and then rounded up to the nearest whole point.

The good thing is that the Wells Fargo Propel World card also earns these Go Far Rewards points (and you can still get a 40,000 point sign up bonus on that card). That means rather than getting $400 in cash with that bonus you could get up to $600 in airfare (combined with another $300 in airfare with this card).

In addition to this there is a hidden benefit of this card where you actually get 1.75x per point towards airfare when you spend $50,000 or more in a year. Like most bank travel portals, some airlines aren’t bookable (e.g Southwest), they also used to charge a $24 fee per airline ticket but this stopped being charged on July 1st, 2016.

As always before applying for this or any other Wells Fargo card make sure you read through these things everybody should know. We will also be adding this to our list of the best credit card sign up bonuses currently available.

 

 



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Ram
Ram

WF does hard pull for CC or soft pull?

Dave C
Dave C

Got the letter after 1st month, for $6k of bonus spend + $2k of non-bonused organic spend, on a $9k CL.

Rob
Rob

Do you mean a shutdown letter? You didn’t even cycle the credit limit and they punished you already? I’ve never had a Wells Fargo credit card, is this a thing with them?

Dave C
Dave C

It was a warning letter. That’s correct I did not cycle the CL.

Ariel
Ariel

Can you maybe do a post (on here or blog) to gather DPs for the 16 month rule?

I’d like to apply for this but I got the Propel bonus about a year ago. Not sure if I can get this or not.

Moldova
Moldova

It seems as this card can also be used as “free parking” for Wells Fargo Propel World points similar to Amex Everyday.

Can anybody confirm that points can be combined and Propel points would not expire after cancelling Propel?

jamesheine
jamesheine

what is the “free parking” you are referring to for the Amex Everyday?

Superchurn
Superchurn

the Everyday is a MR-earning card. so, if you have a bunch of MR points but don’t want to keep paying high annual fees for the other MR cards (PRG, Platinum, etc.), the Everyday lets u keep the MR’s without the high fees, basically

dave
dave

So does this mean the 40,000 points on the World Propel card are worth $600 in airfare on their own or do you need to also have this Visa Signature card to get the 1.5x points?

asfasfasf
asfasfasf

i got my propl world about 2 months ago, waiting on my points to post. i heard that i hav to wait 15months in ordr to be eligible for the bonus on this card. is that true?

Tom
Tom

This is accurate, according to the terms and conditions.

Paul
Paul

Where is this stated? I’ve looked through the T&S and I don’t see anything mentioning 15 months.

Mark
Mark

Do you have to wait 16 months from “signature card” to get 5X bonus again on “signature card” or any wells fargo card? The language in terms is not clear. If I apply for different type of WF card than I had in last 16 months, am I eligible for the 5X bonus?

Mark
Mark

Make sure you haven’t been approved for a WF card in the last 16/20 months (whatever the language is in the fine print) or you will not receive the bonus.

Eric
Eric

Are you a different Mark than the post right before yours? If you are the same Mark, where did you find the answer to your questions?

Luke
Luke

What does it pull?
TU, EX, or EQ?

Electroman
Electroman

They pull TU for me, but that is the usual agency for this part of the country (the upper midwest).

Dude
Dude

Pulled Equifax for me (NorCal)

de
de

@Mark,
I’m not seeing any language on the term limits of application for bonus eligibility. Is anyone seeing this? My old card was shut down by WF due to “non-use” with about 200,000 points in it. Yeah, painful. So you could say I’m looking to get another shot at WF and would smile from ear to ear if it’s possible.

Andrew
Andrew

How long had your card been unused for when it was closed? Also, did Wells Fargo notify you in advance?

The Value Traveler
The Value Traveler

Any DP’s on folks getting approved for this card even though they got shutdown before ?

P
P

It looks like Wells Fargo still charge $24 processing fee per airline ticket for redemption of points.

“Flights must be redeemed through Go FarTM Rewards. For airline ticket redemptions, the number of points required to be redeemed is equivalent to the ticket costs divided by 0.015, rounded up to the nearest whole point. . . A separate $24 per airline ticket processing fee will apply.”

Not good for cheap flight redemptions.

P
P

Never mind. They don’t assess the fee.

Jan B
Jan B

Getting close to that day when more HPs drop off my report and I have pretty much given up on Chase for applications. Barclay is my first choice but this one is comparable with travel values.

Does W-F still require an account relationship to apply for a CC with them?

Does anyone have a referral for a Wells-Fargo checking account with a bonus?

P
P

Applied today, 4/26 and got instant approval for $3500 CL. Lowest CL approved for any card in 10 years, but I guess WF doesn’t want you hitting the card hard on bonus categories. Before today, 5 inquiries in the last 6 months: 3 Experian, 1 Equifax, 1 Transunion; and 6 new accounts in the last 6 months.

Dude
Dude

DP: WF seems sensitive to too many new accounts (pulled Equifax for me, northern California applier), despite excellent credit score and good income.
Rejected from this card (not immediately, after additional review) despite credit score of 770 with Equifax (listed in rejection letter). Reason listed: Too many recently opened accounts. I have opened 4 other credit cards in the last 6 months, last one before that was 2.5 yrs ago. I did not have a WF banking account due to having one within the last year and not being eligible for bonus.

V
V

You should open a WF bank account and then try to get any of their credit cards. I have had the same problem as yours with other family members in the past when they did not have a WF bank account, the problem went away once they had a WF bank account.

Dude
Dude

Yep- thanks for sharing your experience. I did read through DoC’s post on what you should know before applying for WF CC, and it mentions having a banking relationship with Wells Fargo. I figured it wasn’t worth opening an account just for the CC given I couldn’t get a signup bonus for the banking account (I closed one within the last year- I realize from some other comments now WF might not enforce that anyways- o well). I thought given a good enough credit score and income, I could just “muscle” my way through. This was certainly not the case for me, so wanted to put this DP out there for others. This is the first CC I’ve been declined for in almost 5 years.

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