How Much Are Wells Fargo Rewards Points Worth?

Updated: March 21, 2024

Updated: March 21, 2024

Advertising & Editorial Disclosure

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.

MoneyGeek’s Takeaways

points icon

The value of Wells Fargo Rewards points hovers around one cent per point.

airplane icon

Using your Wells Fargo points for travel tends to yield the best value.

creditCard2 icon

Only the Bilt Mastercard lets you transfer points to travel partners.

Worth of Wells Fargo Rewards Points

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.

Value of Wells Fargo Rewards Points Across Different Redemption Methods
Redemption Options
Value per Point

Overall

1 cent per point

Cash Back

1 cent per point

Statement Credit

1 cent per point

Travel

1 to 1.5 cents per point

Charitable Donation

1 cent per point

Shopping

1 cent per point

Gift Cards

1 cent per point

Transfer Partners (Only for the Bilt Mastercard)

1 to 2 cents per point

How Wells Fargo Rewards Points Compare to Other Credit Cards

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.

Wells Fargo Points Value vs. Other Cards
Credit Card Issuer
Average Value

Wells Fargo

1 cent per point (higher with the Bilt Mastercard)

American Express

0.5 to 2 cents per point

Chase

1 to 1.5 cents per point

Capital One

0.5 to 1 cent per mile

Citi

0.5 to 1 cent per point

Bank of America

0.6 to 1 cent per point

Discover

1 cent per mile

How Much Wells Fargo Points Are Worth for Cash Back

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.

Value of Wells Fargo Rewards Points for Cash Back
Credit Card Issuer
Cash Back Value

Wells Fargo

1 cent per point

American Express

0.6 cents per point

Chase

1 cent per point

Capital One

0.5 cents per mile

Citi

0.5 to 1 cent per point (depending on the card you have)

Discover

1 cent per mile

Bank of America

0.6 to 1 cent per point

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.

How Much Wells Fargo Points Are Worth for Gift Cards

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.

Wells Fargo vs. Other Card Issuers: Gift Cards
Credit Card Issuer
Average Value

Wells Fargo

1 cent per point

American Express

0.5 to 1 cent per point

Chase

1 cent per point, unless through a promotional offer

Capital One

0.5 to 1 cent per mile

Citi

1 cent per point, unless on sale

Discover

Cannot redeem miles for gift cards

Bank of America

0.6 to 1 cent per point (depending on the card you have)

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.

How Much Wells Fargo Points Are Worth for Travel

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.

Wells Fargo Points Value vs. Other Cards: Travel
Credit Card Issuer
Average Value

Wells Fargo

1 to 1.5 cents per point

American Express

0.5 to 1 cent per point

Chase

1 to 1.5 cents per point (depending on the card you have)

Capital One

1 cent per mile

Citi

1 cent per point

Bank of America

1 cent per point

Discover

1 cent per mile

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.

How Much Wells Fargo Points Are Worth for Transfer Partners

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.

Wells Fargo Points Value vs. Other Cards: Transfer Partners
Credit Card Issuer
Average Value

Wells Fargo (Only for the Bilt Mastercard)

1 to 2 cents per point

American Express

1 to 2 cents per point

Chase

1 to 2 cents per point

Capital One

1 to 2 cents per mile

Citi

1 to 2 cents per point

Bank of America

Does not have transfer partners

Discover

Does not have transfer partners

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.

How Much Wells Fargo Points Are Worth for Shopping

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.

Wells Fargo Points Value vs. Other Cards: Shopping
Credit Card Issuer
Average Value

Wells Fargo

1 cent per point

American Express

0.5 to 1 cent per point

Chase

0.8 to 1 cent per point

Capital One

0.8 to 1 cent per mile

Citi

0.8 cents per point

Discover

1 cent per mile

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.

How to Earn More Points From Wells Fargo

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.

creditCardsMagnifyingGlass icon
MONEYGEEK EXPERT TIP

Wells Fargo Rewards aren’t the most user-friendly rewards as they are limited in how you can use them. However, if you want simplicity in your rewards-earning journey, Wells Fargo offers credit cards that pack real value. But if you want a card to transfer rewards to airline and hotel loyalty programs, you may consider a different card issuer like Chase or American Express.
Brett Holzhauer, contributing expert for MoneyGeek

FAQ About the Worth of Wells Fargo Rewards Points

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.

Can I use my Wells Fargo points for someone else?
Can I use my Wells Fargo points to buy something else?
Can I convert my Wells Fargo Rewards points to cash?
Are there any additional fees when transferring Wells Fargo points to transfer partners?
When do my Wells Fargo Rewards points expire?
Can I transfer my Wells Fargo Rewards points?

About Rajiv Baniwal


Rajiv Baniwal headshot

Rajiv Baniwal is a former finance writer at MoneyGeek, with more than 15 years of experience covering financial topics. His expertise includes mortgages, loans, credit cards, insurance and international money transfers.

Baniwal has a bachelor’s degree in art studies from Delhi University.


    sources
    *Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
    Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
    Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.