NerdWallet > Credit Card Blog > Reward Program Reviews

Wells Fargo Points

by

How much is a Wells Fargo Point worth? 1.00 cent, if you redeem at least 2,500 points at a time.

Redemption Options.

  • Rewards start at 650 points, which earns you a $5 worth of cash or gift cards (point value: 0.78 cents)
  • 1,250 points gets you $10 worth of cash or gift cards. (point value: 0.8 cents)
  • 2,500 points gets you $25 worth of cash or gift cards. (point value: 1 cent)

Expiration.

  • Points expire 5 years after they are earned.

Check out all the options at wellsfargorewards.com.

How to earn them: 

Okay, unfortunately, pretty much all the Wells Fargo rewards credit cards are unimpressive. And the point program itself is nothing to write home about either. Expiration dates? Who still has those? The top-performing Wells card is the Wells Fargo Cash Back Platinum, which earns a flat 1% rewards rate. Instead of that, you could have:

  • The Capital One Venture, which gives 2% on every purchase, and pays out in No Hassle Miles, which never expire.
  • The Chase Sapphire, which pays in Ultimate Rewards Points that are worth 1.25 cents if you redeem them for travel. You earn what amounts to 1.07% rewards on all purchases, plus 2.14% on travel and dining.
  • Or, if you’re not feeling the annual fees, the Chase Freedom gives 5% back on rotating bonus categories, has no annual fee, and gives $200 cash back as a signup bonus.