There is no shortage of new credit card launches and renewals. You may be wondering which credit card you should really consider getting. The recent launch of the Wells Fargo Autograph℠ card is one card worth considering.

Look at the perks and benefits of this card to see if it delivers value based on your value. consumption habits and economic needs; Continue reading to learn more about Wells Fargo's latest reward card.

Wells Fargo Sign Card Details

Quick highlights

• Reward rate: at restaurants, travel, transit, gas stations, popular streaming services, phone plans Triple points. 1x points on all other purchases
• Welcome Offer: LIMITED TIME OFFER: Spend $1,500 in the first 3 months and get 30,000 Bonus Points (worth $300 in cash). Offer expires January 10, 2023.
• Annual fee: $0
• First year APR: Open an account upon first 0% first year APR purchase 12 months from then 19.24%, 24.24% or 29.24% APR

The first thing that stands out in Wells Fargo Autograph is its restaurants, gas stations and phone plans. Generous reward rates for common spending categories such as Plus, you'll earn even more points if you travel frequently or use transit to commute.

Another notable perk of this card is a limited-time welcome bonus (worth $300 in cash redemption value) when you spend $1,500 and earn 30,000 bonus points in the first three months (offer expires at January 10, 2023). Also, while APR introductory offers are fairly standard on mid-level reward cards these days, the APR introductory period is useful if you plan to make large purchases to coincide with the opening of the card.

Earning Rewards

Unlike the bonus category card rotation, Autograph does not require bonus categories to be enabled to earn points. Simply swipe your card to make purchases and accumulate points in your Wells Fargo account (accessible online or via the mobile app).

As mentioned above, you can earn 3x points on purchases of restaurants, travel, transportation, gas stations, popular streaming services (including Disney+, YouTube TV and Spotify Premium) and phone plans. increase. Any other spend earns 1x points.

Redeeming Rewards

You must have at least 100 Rewards Points or $1 Cash Rewards in your Rewards Account to redeem your purchase. Depending on the reward, the reward can be manually requested or automatically redeemed. Automatic redemption of points is only available in $25 cash rewards or in increments of 2,500 points.

Redemption options include:

• Redeem through PayPal
• Eligible redemption account
• Redeem by receiving a paper check in the mail

Wells Fargo debit or ATM card redeemable directly to an eligible Wells Fargo Account or Wells Fargo ATM. $20 cash reward or 2,000 points.

Additional Card Perks

In addition to earning rewards and redeeming them in various ways, there are some card perks that make this card even more valuable.

Mobile phone insurance

If you have a signature card by paying your monthly cell phone bill, you are eligible for Wells Fargo Cell Phone Coverage. If your phone is damaged or stolen, you can get up to $600 reimbursement per charge ($25 deductible applies). Please note that there is a cap of $1,200 every 12 months.

Rental car insurance

Autograph cards also come with car rental insurance. Up to $50,000 is covered as long as you charge the full cost of the rental car to your Autograph card and provide proof of insurance to the car rental agency (if required). Different terms apply to US and international rentals.

Visa Signature Benefits

Because the Wells Fargo Autograph card is part of the Visa Signature program, it offers additional benefits. Also:

• Visa Signature Concierge Service (free 24/7 help with travel, event ticket and dinner reservations)
• Luxury Hotel Collection properties Access to
• Travel and Emergency Assistance Services

No Foreign Transaction Fees

Also, sign cards do not charge foreign transaction fees. Noteworthy. This usually costs up to 3 or 4% of the transaction.

Conclusion

Wells Fargo Autograph offers generous welcome bonuses and excellent service. Compensation structures for some common spending categories. As you can see in the spending example above, you get slightly more value from similar cards in the first year, but we think the Autograph is an excellent case of ongoing value. With no membership fees, you have very little to lose with this card.

The only thing you might miss out on with this card is more options to earn bonuses when redeeming for travel. For example, cards like the Chase Sapphire Preferred Card offer the potential for increased point value when transferring to travel partners, increasing points redeemable for travel via the Ultimate Rewards portal by 25% — Autograph Cards Two perks missing.

However, even if this isn't a deal-breaker, we think Autograph has enough rewards, perks, and benefits to be worth it.