Wells Fargo Go Far Rewards guide

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I can nearly guarantee three things:

  • You know hardly anything about Wells Fargo points
  • You don’t have any Wells Fargo points
  • You don’t care to collect Wells Fargo points

Quite understandable, those three. Miles and points blogs rarely address the topic — but you’re about to carve seven minutes out of your schedule to further round your knowledge of the miles and points world. Wells Fargo Go Far Rewards can be quite useful. They operate very similarly to cash back credit cards. In fact, Wells Fargo Go Far Rewards earning cards are even near the top of our list of the best cash back cards.

I’ll tell you everything you need to know about Wells Fargo Go Far Rewards.

Use Wells Fargo Go Far Rewards to pay for your flight to Norway — or use them to offset the price of your bungee jump session. (Photo by Vitalii Nesterchuk/Shutterstock)

How to earn Wells Fargo Go Far Rewards

The fastest way to earn Wells Fargo points is by opening the following cards.

The Wells Fargo Propel card is no longer available for new applicants.

  • Wells Fargo Propel American Express® card: 20,000 bonus points (worth $200) after spending $1,000 on purchases within the first three months of account opening
    • 3 points per dollar on eating out and ordering in (food delivery, restaurants, bars)
    • 3 points per dollar on travel (flights, car rentals, hotels, homestays)
    • 3 points per dollar at gas stations, commuting and transportation (parking, ferries, tolls, Lyft, Uber, bus passes, subway tickets, etc.)
    • 3 points per dollar on popular streaming services (Netflix, Hulu, Apple Music, etc.)
    • 1 point per dollar on everything else
  • Wells Fargo Cash Wise Visa® card: $150 cash rewards after spending $500 on purchases within the first three months of account opening
    • 1.5 points per dollar (1.5% cash back) no matter what you’re buying
    • For the first 12 months of card membership, 1.8% cash back on eligible digital wallet purchases(Apple Pay®, Google Pay™, etc.)
  • Wells Fargo Visa Signature® Card: 5 points per dollar for up to $12,500 spent on gas, grocery, and drugstore purchases for the first six months of card membership
    • 1 point per dollar for everything else
    • Receive 50% more value when redeeming points for airfare

These cards earn Go Far Rewards, though sometimes marketed as cash back. Both have no annual fee — staggering when you see some of the benefits that come with these cards (like complimentary cell phone protection!). Read our review of the Wells Fargo Propel and our review of the Wells Fargo Cash Wise.

The information for the Wells Fargo Propel and Wells Fargo Cash Wise has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

How much are Wells Fargo points worth?

Wells Fargo points are almost always worth 1 cent each, no matter how you redeem them. However, the Wells Fargo Visa Signature® provides a value of 1.5 cents per point when redeeming towards airfare. If you don’t have that card, count on 1 cent each. In other words, earning 3 points per dollar is the equivalent of earning 3% cash back.

The information for the Wells Fargo Visa Signature has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

How to redeem my Go Far Rewards for travel

Via your Wells Fargo online account, you can choose to redeem your points for travel by clicking “Use Your Rewards” at a rate of 1 cent each. You’ll be able to book hotels, flights, even vacation packages through the site. In other words, if you’ve got 20,000 Wells Fargo points, you can take $200 off your next flight.

We don’t normally recommend using your points this way, because you won’t earn points on your travel purchase. For example, if you’ve got the Wells Fargo Propel, you’d earn 600 points on a $200 flight. But if you redeem your points, you won’t earn anything. Better to just purchase your flight with your Wells Fargo card and redeem your points for a statement credit to offset the bill.

Again, the Wells Fargo Visa Signature® card will provide you a value of 1.5 cents per point for airfare — the obvious best route if you’ve got it.

How do I get my cash back rewards from Wells Fargo?

With all the below options, you’ll receive a value of 1 cent per point.

Statement credit

You can redeem your Wells Fargo points in increments of $25 to be directly applied to your qualifying Wells Fargo account. Alternately, you can ask that the bank mail you a check. You’ll find this option online under “Redeem to Account,” or you can call Wells Fargo and they’ll do it for you.

Cash back

You can withdraw your Wells Fargo points from an ATM if you also have a Wells Fargo ATM or debit card. Just remember that you must cash out your points in 2,000 increments. If you don’t have $20 worth of points, you’ll have to wait until you earn more.

Gift cards

You can redeem your points for gift cards at a rate of 1 cent each. Similar to the travel option, it’s better to simply pay at the restaurant and earn points, and later offset that transaction with a statement credit.

How to transfer Wells Fargo Go Far Rewards

A superpower of the Wells Fargo Go Far program is that you can seamlessly transfer points to other Wells Fargo cardholders for absolutely free. In fact, you can even transfer points if you’re technically collecting different Wells Fargo currencies. Mad, I know!

For example, if your family member has a Wells Fargo points earning card and you have a Wells Fargo cash back card, you can transfer your cash to your family member, and they’ll receive them as points in their account. This is great if you’re trying to redeem a big purchase. But it’s especially fantastic for those who have the previously mentioned Wells Fargo Visa Signature, as it increases the value of Wells Fargo Go Far Rewards by 50% when redeeming for airfare.

Bottom line

Wells Fargo Go Far Rewards are points essentially equivalent to 1 cent each. Depending on the Wells Fargo cards you hold, you can potentially receive more value from them, but the vast majority will receive 1 cent when redeeming for:

  • Travel
  • Cash back
  • Statement credits
  • Gift cards

Let us know if you’ve got any Wells Fargo points tips! And subscribe to our newsletter for more posts like this delivered to your inbox once per day.

Joseph Hostetler is a full-time writer for Million Mile Secrets, covering miles and points tips and tricks, as well as helpful travel-related news and deals. He has also authored and edited for The Points Guy.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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