The card's signature feature is a rewards program that allows customers to reduce their Wells Fargo mortgage principal. ... Cardholders earn rewards of 1% on all purchases; each time the rewards balance reaches $25, it can be applied to the cardholder's mortgage.
Most Wells Fargo credit cards require a credit score of 700+. The exceptions are the Wells Fargo Rewards Card, which requires a score of 750+, and the Wells Fargo Cash Back College Card, which is available to students with limited credit.
The easiest Wells Fargo credit card to get is the Wells Fargo Business Secured Credit Card because even people with bad credit can get approved. When you make a deposit to open the account ($500 min.), you'll get a credit limit equal to that deposit, up to $25,000. The annual fee is $0.
Best Wells Fargo credit cards
The Wells Fargo Home Rebate Visa® Card is an offbeat rewards credit card with no annual fee and a rewards program designed for Wells Fargo mortgage customers. ... The default (but not only) redemption option is to apply these rewards toward the cardholder's Wells Fargo mortgage balance.
The best credit cards for a 550 score:
Best credit cards if your FICO score is 600 to 649 overview
| Credit Card | Best For |
|---|---|
| Capital One Platinum Credit Card | Rebuilding credit |
| Secured Mastercard® from Capital One | The lower end of fair credit |
| OpenSky® Secured Visa® Credit Card | Those with little to no credit |
| Discover it® Secured | Cashback rewards AND building credit |
Issuers tend not to extend automatic increases until you've had a card for at least six months. Similarly, if you recently received an increase on an existing account, expect to wait at least six to 12 months before you're considered for another increase, assuming you manage your account responsibly in the meantime.
Also, note that asking for a credit limit increase could result in a hard inquiry on your credit report, which could temporarily impact your score. As a final consideration, you should note that Wells Fargo may automatically increase your credit limit from time to time.
How to check your Wells Fargo credit card application status:
Your Wells Fargo Platinum limit will be at least $1,000 for qualified applicants. That's the Wells Fargo Platinum minimum credit limit, per the card's terms and conditions, which means it's all you're guaranteed to get if approved for an account.
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