Founded in 1852, Wells Fargo is a financial services company that offers consumer and commercial banking, loans, insurance, wealth management, investments, and credit cards.
- Competitive APRs
- Rewards programs
- Limited annual fees
- Free credit score tracking
- Dispute resolution
Depending on the card, Wells Fargo offers introductory APRs of 6 to 15 months. After that, rates range from 11.40 to 26.24 percent*, which is competitive within the industry.
Wells Fargo provides a number of rewards programs for its cardholders to participate in. By frequently using their Wells Fargo card, customers can earn points that may be redeemed for merchandise, gift cards, and travel.
Limited Annual Fees
There are no annual fees for all Wells Fargo credit cards except one (the Wells Fargo Secured Credit Card has an annual fee of $25). This can save cardholders hundreds of dollars each year.
Free Credit Score Tracking
Wells Fargo provides its customers with the ability to monitor their credit score at no extra cost, which can help cardholders to stay on top of their credit and be aware of any changes to their score.
In the event that there is an unauthorized charge or dispute, Wells Fargo will work to resolve it as quickly as possible.
- Foreign transaction fee
- Late payment penalty
Foreign Transaction Fee
Wells Fargo charges a foreign transaction fee of 3 percent of the total charge, which is one of the highest fees in the industry. This can be a major deterrent to frequent travelers.
Late Payment Penalty
For every late credit card payment, Wells Fargo charges a fee of up to $37, which is slightly higher than industry average.
The Bottom Line
Wells Fargo offers competitive APRs, rewards programs, limited annual fees, free credit score tracking, and dispute resolution. However, the company does charge foreign transaction fees and late payment penalties.