How to Apply for a Credit Card Wells Fargo

Wells Fargo is an American financial services company headquartered in San Francisco, California. It has operational headquarters in Manhattan, New York. Additionally, the company has executive offices across the United States and internationally. You can get various products from the company, including checking accounts, savings, debit cards, mortgages, personal loans, and credit cards, among other products. You will learn how to apply for a credit card Wells Fargo later.

Wells Fargo is one of the best financial services companies in the United States and beyond. Its ability to offer services online has made it the best choice for millions of Americans for banking services. Online bank accounts are convenient since you do not need to line up at a branch for services. You need to log into your account and then execute various tasks such as paying bills, sending money, etc.

It is crucial to understand that Wells Fargo is not limited to online banking services only. There are lots of physical branches that you can visit to get the necessary help when the need arises. We still have some people who do not trust online banking, and thus, the need to have brick and mortar offices. Above all, funds deposited in the institution’s account are secure since the bank is FDIC insured. If the bank collapses, you will not lose your money.

How to open a Wells Fargo account?

 Before using any service from the company, it is crucial to know how you can open an account at the company. First of all, it is vital to have all the requirements as per the federal government regulations. These include;

  • The Social Security Number.
  • An identification document such as the Driver’s License, state ID, or passport.
  • Phone number.
  • Email address.
  • Physical address. You should bring a utility bill or an equivalent with proof of address.

Even when applying for an account online, you must have all these things as they are essential to monitor the identity of those opening their account. You might be wondering why the government requires all these from people opening bank accounts. All these ensure that terrorists, money launderers, and other fraudsters do not open accounts and endanger national security.

Once you have all the above, you can then open an account. When opening physical branches, you only need to carry the required documents and fill out the application forms. After that, the officials will process your application and give you an account number.

The online account application requires you to visit the Wells Fargo website, click on the type of account you want, and proceed. You can open the Everyday Checking with a deposit of $25. There are also other checking accounts that you can open from the institution.

You can follow the procedure below to open a Wells Fargo checking account.

  • Visit the getting started page.
  • Scroll down and enter your home ZIP code on the space provided.
  • Choose whether you are opening an individual or joint account.
  • Tick whether you are a Well’s Fargo customer or not.
  • Click continue.
  • Complete other steps to open your account.

What checking accounts does Wells Fargo offer?

apply for a credit card wells fargo

The platform offers various checking accounts, which include the following.

i) Clear Access Banking

The account is checkless and allows you to make digital and debit card payments. It accepts lower account balances and customers and is suitable for people who don’t need to write checks. The account has no overdraft fees whatsoever. If you want help managing your finances, the account is good. The account is suitable for people such as teens and students.

The minimum deposit is $25, while the monthly service fee is $5 which is avoidable. You will also get online banking services. However, the account has no overdraft services. It does not bear any interest. For ages 13 – 16, they must open with an adult co-owner, while teens 13 – 17 must open at a branch.

ii) Everyday Checking

The checking account is the most popular account from Wells Fargo. It sorts out the day-to-day banking needs of account holders. Students, too, can get the account for their transaction activities. There are monthly fees, but you have multiple ways to avoid the service fee. You also get features such as check writing and optional overdraft protection. You need $25 as the opening deposit.

Interestingly, you will be able to manage your account online using a mobile app. That makes it convenient. Even though the account does not bear interest, you can get overdraft services when the need arises. One should have at least 17 years to open the account.

iii) Portfolio by Wells Fargo®

The account is a relationship-based checking account with premium benefits. It requires Higher account balances. Again, you can get discounts and fee waivers when you choose the banking services. The checking account has priority support from the Wells Fargo Premier Banking team. That shows how particular the account is. It requires $25 to open and $25 for the avoidable monthly maintenance fees.

The checking account is unique because it bears interest, unlike the others that do not. You can also benefit from overdraft services from the company when the need arises.

Which credit cards does Wells Fargo offer?

There are various credit cards you can get from Wells Fargo. They include the following.

1) Wells Fargo Business Secured Credit Card

Suppose you are looking for a credit card to build credit. In that case, the Wells Fargo Business Secured Credit Card is a good option for you, especially if you have just started a business. It will assist you in growing your scores to qualify for better cards and loans. The card allows you to earn 1.5% cashback on qualifying purchases.

You can also earn one point on every $1 spent and get 1,000 bonus points for every billing cycle when you spend $1,000 or more on qualifying purchases. You will also enjoy Zero Liability protection. The card has no annual fee.

2) Wells Fargo Active Cash Card

The card gives you unlimited 2% cash rewards on various purchases. Again, you can earn a $200 cash rewards bonus after spending about $1,000 in purchases in the first 3 months. Also, you get 0% intro APR for 15 months on purchases and qualifying balance transfers after opening your account. The card comes with 15.24%, 20.24%, or 25.24% variable APR.

3) Wells Fargo Reflect Card

The card gives you the lowest intro APR for up to 21 months. Moreover, you get a 0% intro APR for 18 months from your account opening on purchases and the qualifying balance transfers. Also, you get an Intro APR extension of up to 3 months and on-time minimum payments during the introductory/ extension periods. The card has a $0 annual fee.

4)® Rewards Visa® Credit Card

The card gives you two reward nights of about $250 in total with a maximum of $125 per night when you spend at least $1,000 in purchases in the first three months.

5) Bilt World Elite Mastercard®

The final credit card from Wells Fargo is Bilt World Elite Mastercard®. The card lets you earn points on rent. You can earn various points when you make 5 transactions that post every statement period and earn; 

  • 1X points on rent with zero payment processing fee up to 50,000 points every calendar year
  • 1X points on other purchases
  • 2X points on travel, and
  • 3X points on dining

The card charges you $0 annual fees.

How to apply for a credit card Wells Fargo

Now that you have seen various credit cards from Wells Fargo. There is a need to know how you can get them. To apply for any credit card from Wells Fargo, you need to visit the credit cards portal, choose the Wells Fargo credit card you want, and enter the necessary details. You will need to answer if you have an account with Wells Fargo or not then enter your username and password to sign in.

Suppose you do not have an account with the platform. In that case, you should enter various details such as your three names, SSN/ITIN, date of birth, citizenship, and mother’s maiden name. You will also need to input the contact information, including zip code, state, city, email address, and phone number.

Also, you need to provide various financial information such as housing status, employment status, and monthly mortgage. After inputting all the details, scroll down to tick all that applies to you, and tap the Submit button.

What credit scores does Wells Fargo allow for credit cards?

The minimum FICO score for an unsecured credit card from Wells Fargo is 700. Therefore, it does not issue credit cards for bad credit. However, some institutions have guaranteed approval of unsecured credit cards for bad credit. If you are looking for one to build your scores, it is possible to get one.

However, the best credit card to build scores is the secured one since it has low-interest charges and is easy to get. The unsecured cards for bad credit have very high-interest rates and are thus expensive to use. 

Bottom line

Wells Fargo is an American financial company headquartered in San Francisco, California. It has operational headquarters in Manhattan, New York. Additionally, the company has managerial offices across the United States and internationally.

The institution has a lot of products that you can benefit from. They include checking, savings, and credit cards, among others. You can apply for your credit card online by providing the necessary details.