There has been a lot of buzz in the travel rewards industry recently regarding the possibility of a new rewards credit card, new transfer partners, and an enticing welcome offer. Wells Fargo and its Autograph card portfolio have been the subject of much speculation, and we reached out to our contact at Wells Fargo to get the inside scoop on what’s really happening.
While we don’t have all the specifics just yet, here’s what we know so far about the upcoming changes. The new Wells Fargo credit card, called Autograph Journey, is set to launch in 2024. This card will join the existing Wells Fargo Autograph Card, which was introduced in 2022 and offers excellent value with no annual fee. The current Autograph Card provides a welcome offer of 30,000 bonus points when you spend $1,500 or more in the first three months.
Although the exact details about the points-earning structure of the Autograph Journey card have not been revealed, Wells Fargo has confirmed that it will be more lucrative than the existing Autograph card. The existing Autograph card awards 3 points per dollar in categories such as restaurant purchases, travel expenses, gas, transit, popular streaming services, and phone plans. We can expect the Autograph Journey card to offer even better earning potential.
As for transfer partners, Wells Fargo has confirmed that they will be launching transfer options in their Autograph portfolio. However, this won’t happen until 2024, and the specific timing and partners have yet to be announced. Currently, the only Wells Fargo card that offers transfers is the Bilt Mastercard. The addition of transfer partners to the Autograph portfolio will provide more flexibility and value to cardholders.
In addition to the new credit card and transfer partners, Wells Fargo has hinted at more exciting changes coming in 2024. While Chase and American Express have long dominated the rewards credit card market, competition is always welcome. The introduction of the Bilt Mastercard has already made an impact, and it seems like Wells Fargo is poised to shake up the industry even further next year.
While Wells Fargo may not have been at the forefront of the travel rewards card landscape in the past, that could all change in 2024. We’re eagerly anticipating the launch of these new changes and will provide our readers with all the details as soon as they become available.
In conclusion, there are some exciting developments on the horizon for Wells Fargo’s card portfolio. With a new credit card, transfer partners, and potentially more products, Wells Fargo is positioning itself to compete with the industry leaders. Stay tuned for more information from TPG as we continue to follow these exciting developments.