Details about new Wells Fargo American Express Card

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otter
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Postby otter » Sat Feb 22, 2014 9:50 pm

luvbullmarkets wrote:Luckily my PMA is linked to a Well Fargo Advisors brokerage account. There is no $25,000 sitting idle. ATM fees are a non issue for me since I never use an ATM nor do I even keep a debit card in my wallet.

Many online banks and credit unions reimburse the ATM fees. I just prefer the convenience of a brick & mortar establishment. Why don't I just bank with a credit union? There are three Wells Fargo branches within five miles of my residence. The closest credit union is the next town over.


Perhaps I am just a little too cynical when it comes to Wells Fargo. Like you, it would be natural for me to make Wells Fargo my primary (or even only) bank I deal with; no other bank has a larger footprint in the town I live in than WF and my 401k is with them. But it's the little things I've had to put up with from them such as: (1) not honoring the $50 bonus for opening my checking account and having my check direct deposited- their reason was that I moved to another state shortly after opening the account (2) Making me wait 60 days to get my deposit back after closing my secured cc with them (3) not honoring the 12 month intro 0% on the card I currently have with them- no worries, they are the ones losing out because I swipe three times a month to avoid the monthly checking account fee instead of the dozens of swipe fees they would have gotten otherwise.

Could I move all my brokerage accounts over to WF and qualify for PMA status? Sure, I would love to even though I have currently have different brokerage accounts for different needs (ETF's, individual stocks, and options). But relationships, which are supposed to be at the core of Wells Fargo's company cultural seem a bit one-sided in WF's favor to me and so I simply have a small checking account with them which never has more than $100 (and which has a very small portion of my check deposited into), a small savings account with $300, and a credit card which I use three times/month to avoid being charged a checking account monthly fee. And a 401k which I don't have any choice about, but I can't really complain about since I get matched dollar for dollar...
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450


PallasAthena
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Postby PallasAthena » Sun Feb 23, 2014 9:16 pm

I wasn't able to find anything on the internet on how to apply for an AMEX WF card. I just got off the phone with them and they told me that as of yesterday, they're no longer issuing AMEX WF cards. They couldn't provide me with any further information.
Oct '16
TU: 783, Equifax: 772
Ch 7 BK in '06, finally dropped off in '16
2 mortgages
paid off car
0 CC debt (Disc, Citi, and WF Amex)
furniture debt: $1800
Closed unused CCs, was dinged a few pts, but recovered
I filed for BK in '06 and was in debt over $500K. Never again! You can do it too! :lift:

luvbullmarkets
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Postby luvbullmarkets » Wed Feb 26, 2014 5:19 pm

PallasAthena wrote:I just got off the phone with them and they told me that as of yesterday, they're no longer issuing AMEX WF cards.


Well that's disappointing.
Amex EveryDay, Amex BCE , Barclaycard Arrival+ WEMC, CSP Visa Signature, Discover it, Wells Fargo Propel 365 Amex

"Attack this day with a level of enthusiasm unknown to mankind." - Jack Harbaugh

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Z06Biker
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Postby Z06Biker » Wed Feb 26, 2014 5:57 pm

otter wrote:Could I move all my brokerage accounts over to WF and qualify for PMA status? Sure, I would love to even though I have currently have different brokerage accounts for different needs (ETF's, individual stocks, and options). But relationships, which are supposed to be at the core of Wells Fargo's company cultural seem a bit one-sided in WF's favor to me and so I simply have a small checking account with them which never has more than $100 (and which has a very small portion of my check deposited into), a small savings account with $300, and a credit card which I use three times/month to avoid being charged a checking account monthly fee. And a 401k which I don't have any choice about, but I can't really complain about since I get matched dollar for dollar...


Just to clarify, all PMA-associated fees are waived as long as you maintain $25K or over in qualifying balances, which also includes brokerage accounts. Meaning, your $25k+ won't be sitting idle; it can be earning you money in the market (stocks, bonds, options, futures, ETF's, whatever you choose to play) while still giving your PMA status...

...Which, to be sure, isn't some end-all be-all elite membership or anything. Simply means you get a few waived fees here and there, free cashiers checks and foreign exchange currency, US-based customer service reps, higher APY's and a "thank you for being a high value customer" greeting whenever you speak with a teller.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

thom02099
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Postby thom02099 » Wed Feb 26, 2014 5:58 pm

PallasAthena wrote:I wasn't able to find anything on the internet on how to apply for an AMEX WF card. I just got off the phone with them and they told me that as of yesterday, they're no longer issuing AMEX WF cards. They couldn't provide me with any further information.


When you say "them" and "they", do you mean AMEX or Wells Fargo??
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

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Z06Biker
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Postby Z06Biker » Wed Feb 26, 2014 5:59 pm

luvbullmarkets wrote:Well that's disappointing.


That's odd. I just received another solicitation for the card a week ago. It's a noble effort by WF, but still isn't nearly what the comparable offerings from Chase, Barclays and Amex themselves are.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

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otter
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Postby otter » Wed Feb 26, 2014 6:49 pm

Z06Biker wrote:Just to clarify, all PMA-associated fees are waived as long as you maintain $25K or over in qualifying balances, which also includes brokerage accounts. Meaning, your $25k+ won't be sitting idle; it can be earning you money in the market (stocks, bonds, options, futures, ETF's, whatever you choose to play) while still giving your PMA status...

...Which, to be sure, isn't some end-all be-all elite membership or anything. Simply means you get a few waived fees here and there, free cashiers checks and foreign exchange currency, US-based customer service reps, higher APY's and a "thank you for being a high value customer" greeting whenever you speak with a teller.


Actually, I think it's a minimum of $25,000 in bank accounts or $50,000 combined bank/brokerage.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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Z06Biker
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Postby Z06Biker » Thu Feb 27, 2014 1:48 am

I stand corrected! That is accurate. I just reviewed my own accounts' fine print.

Point still remains, though. Money isn't idle unless one allows it to be.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

luvbullmarkets
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Postby luvbullmarkets » Thu Feb 27, 2014 12:10 pm

Z06Biker wrote:That's odd. I just received another solicitation for the card a week ago. It's a noble effort by WF, but still isn't nearly what the comparable offerings from Chase, Barclays and Amex themselves are.


I will give Wells Fargo Card Services a call in a few month and see if the card is still available. My goal it to get my lonely little WF Visa Platinum transferred to this new AMEX Propel. And perhaps avoid the hard credit pull in the process.
Amex EveryDay, Amex BCE , Barclaycard Arrival+ WEMC, CSP Visa Signature, Discover it, Wells Fargo Propel 365 Amex

"Attack this day with a level of enthusiasm unknown to mankind." - Jack Harbaugh

luvbullmarkets
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Postby luvbullmarkets » Mon Mar 31, 2014 9:43 pm

Update:

I called Wells Fargo Card Services and found this card to still be available. However, I was unable to PC my WF Platinum Visa over to this card.

I decided to take the plunge and apply for the WF Amex 365 Propel Card. Now crossing my fingers on getting approved with a decent limit of $5K+.
Amex EveryDay, Amex BCE , Barclaycard Arrival+ WEMC, CSP Visa Signature, Discover it, Wells Fargo Propel 365 Amex

"Attack this day with a level of enthusiasm unknown to mankind." - Jack Harbaugh



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