Wells Fargo and BofA rewards cards

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jeffysdad
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Wells Fargo and BofA rewards cards

Postby jeffysdad » Sat Aug 25, 2012 6:18 pm

I'm wondering who is using WF and BofA rewards cards and why. WF's cards seem to compare quite poorly with other rewards cards. While BofA is better, they still don't seem to be as good as many other cards available from Chase, Citi, PenFed, FIA (a unit of BofA), etc.

I assume people who use these cards have other priorities, but I wonder what they are. If I were to use the typical WF or BofA card(s), instead of the cards I use now, it would cost me about $400-500/year in cash back. Just curious.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


TheKidRico
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Postby TheKidRico » Sat Aug 25, 2012 7:36 pm

jeffysdad wrote:I'm wondering who is using WF and BofA rewards cards and why. WF's cards seem to compare quite poorly with other rewards cards. While BofA is better, they still don't seem to be as good as many other cards available from Chase, Citi, PenFed, FIA (a unit of BofA), etc.

I assume people who use these cards have other priorities, but I wonder what they are. If I were to use the typical WF or BofA card(s), instead of the cards I use now, it would cost me about $400-500/year in cash back. Just curious.


I was still using the wf card because I wasnt aware of this forum :D

DavidNY
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Postby DavidNY » Sat Aug 25, 2012 9:57 pm

I have a BofA Cash Rewards card. l use it for 3% cash back on gas when I can't get 5% from my other cards.

trumpet-205
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Postby trumpet-205 » Sun Aug 26, 2012 1:33 am

I'm using BofA Cash Rewards right now for grocery and gas. Originally I wanted to use AMEX BCE instead but AMEX denied me again and again (same reason, too short AMEX history with a year old Zync card).

I really like BofA Cash Rewards though, it has chip, virtual account number (even allows you to set its CL and expiration date), and faster in releasing rewards. AMEX on the other hand delays rewards for two months, something I do not like.

Nothing really stands out about WF CC beside supporting Verified by Visa, something I personally think is much needed, given internet fraud in US is a big problem.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

agp
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Postby agp » Sun Aug 26, 2012 7:46 am

I'm using neither, but Wells Fargo By Invitation is looking more and more like CSP, and if it one days becomes the new CSP (it never will), I might get it.
https://www.wellsfargo.com/jump/credit/newwfa_invitation_signature_card

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

Crashem
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Postby Crashem » Sun Aug 26, 2012 10:28 am

Bofa cards are competitive but maybe not the best rewards cards. Wf is however subpar. My wife was a wf only kind of card user. Basically she did it because it got some rewards and had long established banking relationship with them. Never cared enough to look for better rewards.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

andrewket
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Postby andrewket » Sun Aug 26, 2012 12:59 pm

I recently acquired a BofA travel rewards card solely for 0% FTF combined with an EMV chip. I already had another card with 0% FTF (cap1), and a card with EMV (Citi Div world elite), but none that offered both.

I would have preferred cash back, but BofA's cash rewards card is not 0% FTF.

A



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