Wells Fargo College Credit Card allows students to earn rewards and build credit while they are in college, offering cash back rewards on purchases and access to credit education and tools.
Detailed response to a query
The Wells Fargo College Credit Card is designed specifically for college students who are looking to earn rewards and build credit. This credit card offers a number of benefits, including cash back rewards, credit education and tools, and other perks.
In terms of cash back rewards, the Wells Fargo College Credit Card offers a flat rate of 1% cash back on all purchases, which can be redeemed for cash back, merchandise, travel, and more. Additionally, the card offers bonus rewards on certain purchases, such as 3% cash back on gas, grocery, and drugstore purchases during the first six months, and 1% thereafter.
In terms of credit education and tools, the Wells Fargo College Credit Card offers resources such as credit education seminars, credit score updates, and financial account management tools. These resources can be incredibly helpful for college students who are just starting to build their credit and want to learn more about managing their finances.
One notable feature of the Wells Fargo College Credit Card is that it has no annual fee. This can be particularly appealing to college students who are looking to save money and avoid unnecessary fees.
In a quote from a Forbes article on the Wells Fargo College Credit Card, the writer notes that “In addition to earning valuable points or cash back rewards on every purchase, students can also learn how to manage their credit scores and build a strong credit history.”
In summary, the Wells Fargo College Credit Card offers a range of rewards and benefits for college students, making it a great option for those who are looking to build credit and earn rewards.
| Benefit | Details |
|---|---|
| Cash back rewards | 1% cash back on all purchases, 3% cash back on gas, grocery, and drugstore purchases for the first six months |
| Credit education and tools | Credit education seminars, credit score updates, and financial account management tools |
| No annual fee | No annual fee for cardholders |
Interesting facts:
- The Wells Fargo College Credit Card is not the only credit card offered by the bank; they also offer a range of other options for consumers.
- The card requires applicants to have a satisfactory credit score and credit history.
- According to a report by the Consumer Financial Protection Bureau, credit card companies often target college students with low credit scores, which can make it difficult for them to access credit in the future. The Wells Fargo College Credit Card aims to provide a more transparent and accessible option for college students.
Answer to your inquiry in video form
The Wells Fargo College Credit Card is reviewed in this video as a good starting point for users looking to build their credit. While it may not offer as many perks as higher-tier credit cards, it does offer features such as emergency card replacement, fraud monitoring, and liability protection. The card also provides a 3% reward for the first 2,500 spent on groceries, gas, and drugstore purchases for the first six months. However, the reviewer advises users to compare different credit cards to find the best deal for them. Additionally, the importance of maintaining a good credit history is emphasized, and the use of tools like Mint to keep track of all accounts in one central location is suggested.
Also people ask
What is the credit limit on a Wells Fargo College credit card?
The credit limit for the Wells Fargo Cash Back College℠ card typically ranges from $500 to $2,000 or more. Wells Fargo bases the credit limit on the cardholder’s creditworthiness. Since this is a student card, credit limits tend to be lower than they are on other credit cards.
What is a Wells Fargo College Card?
Answer: ® The Wells Fargo Campus Card Program offers optional banking services to students at participating colleges and universities. These services are also available for faculty and staff at most programs. Visit our participating school list for additional details.
Does the Wells Fargo College Card still exist?
As a response to this: Best Student Credit Cards in 2023
While there’s no student credit card currently available from Wells Fargo, the bank does offer a variety of credit cards for consumers and small business owners. You can check out WalletHub’s picks for the best Wells Fargo credit card offers to learn more.
What happens to my college credit card when I graduate?
Sometimes, when you graduate, your card issuer could reclassify your account so it’s no longer tagged as a student account. But your card will still continue to work. In a lot of cases, your card issuer will roll your account into the non-student version of your student card.
How does Wells Fargo student credit card work?
All of the Wells Fargo Student Credit Card’s best features are crammed into the first six months your account is open. You will receive 3% cash back on gas, groceries and drugstore purchases — but only for the first six months. After that, you’ll earn just 1% back on all purchases, which is about average for a cash-back credit card.
Can I get a Wells Fargo cash back College card?
Given the Wells Fargo Cash Back College card is targeted to college students, who typically have yet to build any credit history, you should generally be able to qualify as long as you are indeed a student and have no significant derogatory marks on your credit file (even if you have no credit at all).
How does Wells Fargo cash back work?
Response: Earn 3% cash back on gas, grocery and drugstore net purchases up to $2,500 spent for the first 6 months and 1% cash back on all other net purchases. Have cash automatically deposited into your Wells Fargo savings account in $25 increments or apply rewards as a credit to a qualifying Wells Fargo product.
Does Wells Fargo evaluate credit qualifications?
Response: Wells Fargo will still evaluate your credit qualifications, which can include your credit history, income, and existing debt. The Wells Fargo Cash Back College℠ card is one of the only student credit cards to offer a 0% introductory APR.
How does Wells Fargo student credit card work?
The answer is: All of the Wells Fargo Student Credit Card’s best features are crammed into the first six months your account is open. You will receive 3% cash back on gas, groceries and drugstore purchases — but only for the first six months. After that, you’ll earn just 1% back on all purchases, which is about average for a cash-back credit card.
Can I get a Wells Fargo cash back College card?
In reply to that: Given the Wells Fargo Cash Back College card is targeted to college students, who typically have yet to build any credit history, you should generally be able to qualify as long as you are indeed a student and have no significant derogatory marks on your credit file (even if you have no credit at all).
How does Wells Fargo cash back work?
The reply will be: Earn 3% cash back on gas, grocery and drugstore net purchases up to $2,500 spent for the first 6 months and 1% cash back on all other net purchases. Have cash automatically deposited into your Wells Fargo savings account in $25 increments or apply rewards as a credit to a qualifying Wells Fargo product.
Is Wells Fargo a good credit card?
As an answer to this: Wells Fargo’s student card is a good first-time card that helps new users establish a strong credit history, while providing some valuable cash rewards. 3% cash back on gas, groceries and drugstore purchases for first 6 months (up to $2,500 in purchases) 24/7 customer service?: Yes Online chat available?: Yes