Newest Wells Fargo Promotions, Bonuses and Offers: October 2020

Wells Fargo bank promotions

GOBankingRates survey found that many respondents don’t consider promotions when choosing a bank, so they miss out on free money. Instead of leaving money on the table, learn how banking with Wells Fargo can put more money in your pocket.

To help you evaluate current Wells Fargo bank promotions, check out the details covered in this guide.

Wells Fargo Promotions at a Glance

Wells Fargo is one of the largest banks in the U.S., with $1.98 trillion in assets. Here’s a quick rundown of the bank’s current promotions for customers:

Best Wells Fargo Promotions: October 2020
Account Cash Value of Bonus Expiration Date
Wells Fargo Cash Wise Visa Card $150 None
Wells Fargo Propel American Express Card $200 None
Wells Fargo Visa Signature Card Up to $500 None
Wells Fargo Business Elite Signature Card $1,000 Dec. 31
Wells Fargo Business Platinum Credit Card $500 Dec. 31

Current Wells Fargo Promotions

Wells Fargo is currently offering promotions on personal and business credit card accounts. There is no Wells Fargo checking account bonus for personal or business accounts available this month.

Best Credit Card Promotions

If you’ve been looking for a new credit card, check out the latest Wells Fargo offers.

Wells Fargo Cash Wise Visa Card: $150 Bonus

The Wells Fargo Cash Wise Visa gives cardholders unlimited 1.5% cash back on all purchases without restrictive spending categories or an annual fee. It features an introductory annual percentage rate of 0% for 15 months on purchases and balance transfers. New account holders also can earn a cash rewards bonus worth $150 by meeting spending requirements.

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Here’s more about the offer:

  • Cash value: $150
  • Expiration date: None
  • How to get it: You must spend at least $500 within three months after opening the account.
  • When you’ll get it: You’ll get the bonus within one to two billing cycles after you’ve met the requirements.
  • Terms and conditions: This offer is available to citizens and permanent residents with a valid Social Security number or individual taxpayer identification number.
  • Annual fee: None
  • Promotion page: Wells Fargo Cash Wise Visa Card bonus offer

Wells Fargo Propel American Express Card: Bonus Points ($200 Value)

With the Wells Fargo Propel American Express card, you can earn up to three times the points at restaurants, gas stations and hotels, as well as for ride-share services.

New cardholders can earn 20,000 bonus points by meeting certain requirements. Wells Fargo coupon codes are not required for this bonus, but you do need to follow these guidelines:

  • Cash value: $200
  • Expiration date: None
  • How to get it: You must open a new Wells Fargo Propel American Express credit card account, and then use the card to make at least $1,000 in purchases within the first three months.
  • When you’ll get it: You can redeem the bonus points within one to two billing periods after you earn them.
  • Terms and conditions: This offer is available to U.S. citizens and permanent residents. Balance transfers and cash advances do not count toward the promotion requirements.
  • Annual fee: None
  • Promotion page: Wells Fargo Propel American Express Card bonus offer

Wells Fargo Visa Signature Card: Bonus Points (Up To $500 Value)

This card offers five times the rewards points for gas, grocery and drugstore purchases for the first six months you have the card. The points have 50% more value when used on airfare, but you can redeem them as cash as well. You can earn up to 50,000 in 5x rewards points, which is a $500 value. Here are the details:

  • Cash value: Up to $500 (more if used on airfare)
  • Expiration date: None
  • How to get it: Apply for a Visa Signature card and spend money on gas, groceries and at drugstores.
  • When you’ll get it: You’ll receive the bonus points one or two cycles after you make qualifying purchases.
  • Terms and conditions: Cash advances and balances transfers are not eligible purchases.
  • Annual fee: None
  • Promotion page: Wells Fargo Visa Signature Card bonus offer

Best Business Credit Card Promotions

You can earn a Wells Fargo business account bonus with these cards.

Wells Fargo Business Elite Signature Card: $1,000 Bonus

Designed for businesses with annual sales of more than $1 million, the Business Elite Signature Card allows you to choose between cash back and bonus points. It has no foreign transaction fees and includes up to 200 employee cards.

  • Cash value: $1,000
  • Expiration date: Dec. 31
  • How to get it: Spend $25,000 in the first three months of opening your account.
  • When you’ll get it: Within one or two statements after meeting the requirements
  • Terms and conditions: This offer is not available to businesses that already have a Wells Fargo credit card or that have had a Wells Fargo credit card in the past 12 months.
  • Annual fee: $125 (waived for the first year)
  • Promotion page: Wells Fargo Business Elite Signature Card bonus offer

Wells Fargo Business Platinum Credit Card: $500 Bonus

Smaller businesses could take advantage of the Business Platinum card, which earns you cash back or bonus points based on your spending. You also get a 0% interest rate for your first nine months.

  • Cash value: $500
  • Expiration date: Dec. 31
  • How to get it: You must enroll in the Wells Fargo Business Card Rewards Program and spend $5,000 within three months of account opening.
  • When you’ll get it: Within one or two statements after meeting the requirements
  • Terms and conditions: This offer is not available to businesses that already have a Wells Fargo credit card or that have had a Wells Fargo credit card in the past 12 months.
  • Annual fee: None
  • Promotion page: Wells Fargo Business Platinum Credit Card bonus offer

Past Wells Fargo Promotions

Even if you missed out on a previous promotion, it helps to see what the bank has given customers in the past.

Greenhouse by Wells Fargo: $50 Cash Bonus

Greenhouse by Wells Fargo is a money management app that gives you greater control over how you spend your money. The app features two accounts that separate your funds for monthly bills and other expenses.

  • Cash value: $50
  • Expiration date: Expired
  • How to get it: You had to download the app to set up spending and set aside accounts, then complete at least seven transactions in the app within 60 days of opening the accounts.

How To Open a Wells Fargo Account

To take advantage of the Wells Fargo offers and bonuses, you need an account. Fortunately, the bank makes opening a new credit card or deposit account easy and convenient. There are three ways to open a Wells Fargo account:

  • Apply online for a credit card, checking account, savings account, loan or line of credit.
  • Call Wells Fargo’s customer service line at 866-245-3452.
  • Visit any Wells Fargo branch. You can use the online branch locator to find the one nearest to you.

Should You Give Wells Fargo a Second Look?

Even though there is no Wells Fargo savings account bonus available this month, Wells Fargo is an ideal bank for customers who want nationwide access to brick-and-mortar branches in addition to online and mobile banking options. The spending requirements for Wells Fargo credit card bonuses are within reach for most. As long as you can meet the requirements, all you have to do to earn a bonus is complete a few transactions.

Information on promotions is accurate as of Sept. 23, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by Wells Fargo. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Wells Fargo.

This article has been updated with additional reporting since its original publication.

About the Author

Jared Nigro is a writer based in Los Angeles. His experience includes covering a range of personal finance topics for GOBankingRates, specializing in offering actionable advice for banking customers. In addition to writing about personal finance, he has written for environmental and socioeconomic organizations like The Daniel & Susan Gottlieb Foundation and InsideOUT Writers.