Wells Fargo rewards vary by card, but fall into two main categories:
- Cash back
- General rewards
Depending on which Wells Fargo cash back rewards card you carry, you will earn between 1 and 1.5 percent cash back on all purchases. Certain cards earn up to 5 percent on bonus categories like dining, gas and groceries.
All Wells Fargo general rewards cards are part of the Wells Fargo Rewards program. These cards earn one point per net dollar on all purchases and up to five points on bonus categories. If you shop with selected retailers through Wells Fargo’s Earn More Mall, you can earn up to 10 points per dollar.
Wells Fargo Rewards points can be redeemed in a variety of ways, including:
- Credit toward Wells Fargo loans
- Online auctions
- Digital downloads
- Gift cards
Wells Fargo rewards points have a value of 1 cent. For example, a $25 gift card costs 2,500 points through the program. Cash back rewards are interchangeable with points, and cardholders with cash back rewards cards are automatically registered for a Wells Fargo Rewards account. With Wells Fargo Rewards, you can exchange cash for points at a one-point-to-1-cent ratio to take advantage of reward offers.
Wells Fargo rewards points can be earned without limit but expire five years after you earn them.