my rewards wells fargo
Membership in Wells Fargo’s rewardsprogram costs around $25 per year. For this, you get 1 point for four dollars on debit card transactions (you have to pay via credit) and 1 point per dollar
for using a credit card. These accounts only recently became capable of being tied together.
Once you have 1,250 points, you can cash out for a $10 gift card to any of a hundred places, none of them nice except Barnes and Noble and, as of recently, Amazon.com. This creates a rewards program with less than 1% return for credit card (the exception? When they do promotions and you can get $10 for 1,000 points).
Currently, I have an Amazon.com card through Chase that gives 3% on Amazon, 2%
The only way to make Wells Fargo’s rewards program worth having is to spend over $200 per month with a credit card or over $850 with a debit card. This is just to break even.
I will not be staying enrolled in the rewards program after next week, when I get my $25 gift card.