How Much Are Wells Fargo Rewards Points Worth?

How much Wells Fargo Rewards points are worth depends on your credit card and redemption method. In most cases, Wells Fargo credit card holders can expect around 1 cent per point. You will often get better value when you use your points for travel than you would if you redeem them as cash back.

The value of Wells Fargo Rewards points varies based on how you redeem them. You can expect the best value when you redeem points for airline tickets. However, looking at the corresponding Wells Fargo Rewards redemption chart, you'll notice that the average value of points remains essentially the same across most methods.

The Wells Fargo Rewards program performs reasonably well when compared with rewards programs run by other credit card issuers, especially for people with particular cards like the Wells Fargo Visa Signature Card and the Bilt Mastercard. In general, redeeming your points for travel gets you the best value.

Remember that your redemption method may affect the value you receive for your Wells Fargo points, as with most other popular credit card rewards programs.

When you redeem your Wells Fargo points for cash back, you get a value of 1 cent per point. This value is pretty much as good as it gets compared to other credit card rewards programs.

If you’re wondering how to redeem Wells Fargo Rewards points for cash back, you can begin by logging in to your Wells Fargo account. Then, you can redeem your points as a statement credit or credit to an eligible Wells Fargo checking or mortgage account. Remember that these redemptions take place only in increments of $25. You can also redeem your points as cash from ATMs. In this case, redemptions must be in increments of $20.

When redeemed for gift cards, a Wells Fargo Rewards point has a value of around 1 cent. This is on par with or better than what you could expect through other credit card rewards programs. Some merchants who've previously offered gift cards through the Wells Fargo Rewards program include Apple, Amazon, Airbnb, Banana Republic, Old Navy, Domino's, Home Depot and Hulu.

If you wish to use Wells Fargo Rewards points for gift cards, you need to log in to your Wells Fargo account. Under the rewards section, look for the gift cards on offer. Select the ones you want and pay for them using points.

Your Wells Fargo credit card affects the value you receive when redeeming points for travel. For example, you may get a value of over 1.1 cents per point through the Wells Fargo Autograph Card. If you have the Wells Fargo Visa Signature Credit Card, you get 50% more value if you redeem your points for flight tickets. Meanwhile, Bilt Mastercard holders may expect a whopping 1.25 cents per point through the Bilt Travel portal.

This value is roughly equivalent compared to other credit card rewards programs.

If you wish to redeem Wells Fargo Rewards points for travel, you can start by logging in to your Wells Fargo account and heading to the rewards section. You can use your points to book airline tickets, car rentals or hotel stays.

You can only transfer Wells Fargo Rewards points using the Bilt Mastercard. In this case, you may expect a value of one to two cents per point and even more in some instances. Wells Fargo does not allow its other cardholders to transfer points to airline or hotel loyalty programs.

If you have the Bilt Mastercard, you may transfer your points to its transfer partners by logging in to the Bilt Rewards platform. Then, you can transfer your points to partners like American Airlines AAdvantage, Air Canada Aeroplan, Hawaiian Airlines HawaiianMiles, Virgin Atlantic Flying Club, World of Hyatt or IHG One Rewards. All transfers take place at a 1:1 ratio.

When you use your Wells Fargo points for shopping, you can expect to get a value of 1 cent per point. However, you might get better value through certain merchants and promotional offers. This is on par with, if not better than, the value you may expect from your points/miles through other credit card rewards programs.

You get two ways to use your Wells Fargo Rewards points for shopping. One is logging into your Wells Fargo account and shopping for merchandise through partner merchants. The other is using the Pay with Rewards (PWR) feature, which allows you to use your points to make purchases directly with partner merchants.

A straightforward way to earn significant Wells Fargo Rewards points is by getting a credit card with a spend-based welcome bonus. For example, the Wells Fargo Autograph Card gives you 20,000 bonus points if you spend $1,000 on purchases within the first three months.

Getting additional cards for authorized users allows you to accumulate points faster. However, you will remain liable for all purchases your card's authorized users make. Another avenue to consider is earning bonus points through the Wells Fargo Earn More Mall.

Bear in mind that while the Hotels.com Rewards Visa Credit Card is also a rewards card, you cannot use its stamps at the Earn More Mall. In addition, you may redeem the points you earn through the Bilt Mastercard only through the Bilt app.

To help you better understand how to use your points, we’ve answered common questions about the Wells Fargo membership program and how the value of your points may change based on different redemption methods.