Choosing the perfect card can be confusing, especially when the issuers offer almost similar features on their cards. Our comparison of Capital One credit cards vs Wells Fargo cards highlights their specifications to help you make an informed decision.
Capital One Credit Cards vs Wells Fargo Cards
This Capital One credit cards vs. Wells Fargo cards review is a comparison that outlines the variety of rewards and benefits both card companies offer you. Each option is tailored to the different spending habits of consumers.
Wells Fargo cards focus on cash back rewards and balance transfer options. Capital One is more about flexible credit scores and travel-centric benefits.
Overview of Capital One Credit Cards
Capital One provides a diverse range of cards, from cashback rewards to travel miles. Their Capital One Quicksilver offers unlimited 1.5% cash back on every purchase with no annual fee. The Capital One Venture Rewards card provides 2X miles per dollar spent on every purchase.
These cards have no foreign transaction fees, making them ideal for international travel. You can also enjoy benefits such as extended warranty protection and travel accident insurance.
For those looking to build or rebuild credit, the bank offers several secured cards that report to the three major credit bureaus. This helps users build a positive credit history with responsible use.
Overview of Wells Fargo Cards
Wells Fargo focuses on cash back rewards and balance transfer options. Their Wells Fargo Active Cash® card offers an unlimited 2% cashback on purchases with no annual fee. This makes it a flat-rate option for those who seek high cash back returns.
The Wells Fargo Reflect® card is designed for balance transfers. It has a 0% introductory APR for 21 months on purchases and transfers.
This issuer also provides various security features, including zero liability protection and fraud monitoring. Additionally, you can access their FICO credit score through the Wells Fargo app.
Comparing Capital One Credit Cards and Wells Fargo Cards
Both issuers offer a range of cards catering to various needs, such as credit-building, rewards, and low interest rates. They share some features yet also have differences that may impact your choice.
Similarities
- Both Capital One and Wells Fargo provide cards with rewards programs, including cashback and travel points.
- They offer cards with no annual fees, providing cost-effective choices for consumers.
- Both companies prioritize security, offering features like fraud alerts and zero liability for unauthorized purchases.
- You can access your credit scores for free through Capital One and Wells Fargo’s online platforms.
- Users of both card types can manage accounts via mobile apps that support transactions, rewards management, and account monitoring.
Differences
- Capital One approves a broader range of credit profiles, including those with fair credit. Wells Fargo focuses more on applicants with good to excellent credit.
- Wells Fargo has cards that reward gas stations purchases whereas Capital One doesn’t offer rewards for this category.
- Capital One cards may provide higher initial credit limits than Wells Fargo cards. This can benefit consumers needing more spending flexibility.
- Capital One usually provides 0% introductory APR offers for 15 months. However, you can get an introductory period between 12-21 months with Wells Fargo.
- While customer service experiences vary, users report that Capital One offers more proactive issue resolution than Wells Fargo.
- Wells Fargo incurs a foreign transaction fee on some of its cards, while Capital One exempts it on every card.
Major Distinguishing Factor
Capital One stands out for its travel rewards, especially with the Venture and Savor Rewards cards. They offer comprehensive travel benefits like Global Entry fee credits, travel insurance, and no foreign transaction fees.
On the other hand, Wells Fargo cards offer generous rewards on gas station purchases. It is a necessary expense for vehicle owners, which Capital One doesn’t specify. Also, Wells Fargo provides lengthy periods of 0% introductory APR.
When to Use Capital One Credit Cards?
You can get these cards if you travel frequently. You don’t pay a foreign transaction fee with them. Also, you get travel-related perks like:
- Travel accident insurance
- Auto rental collision damage waiver
- Complimentary concierge service
- Recommendations for cheapest flights. They can give you a total price match if you manage to find a cheaper flight than what they recommended.
You can get suitable cards if you want to build or rebuild credit. The bank has several secured and unsecured cards you can get on a limited or fair credit score.
Lastly, you can get approved for a card if you are a student. Cards like the Capital One SavorOne Student Cash Rewards offer rewards on common student purchases like dining and streaming services. It facilitates easy reward accumulation even on a student budget.
When to Use Wells Fargo Cards?
These cards often provide cash back on everyday spending like gas station purchases. The Wells Fargo Autograph℠ card is a good example. You can also get their CHOICE cards if you stay at Choice Hotels properties regularly.
You get attractive introductory 0% APR offers on purchases and balance transfers anywhere between 12-21 months. This can be useful for making large purchases or consolidating debt.
Lastly, these cards frequently include cell phone protection. It includes theft or damage coverage. You can activate this service by paying the phone bill with your Wells Fargo card.
Which Credit Card Is Better?
Choosing between Capital One and Wells Fargo credit cards depends on individual needs and preferences. That said, we find Capital One cards to be better choices because of several reasons:
- They offer cards for every credit score range.
- They have both secured and unsecured cards to choose from.
- You get premium travel rewards and miles with most of these cards.
- You don’t incur a foreign transaction fee for any card here.
- You get added travel perks, like travel insurance and access to airport lounges with select cards.
However, you can consider Wells Fargo cards if you want:
- Specific rewards for buying gas
- Rewards for spending on salons and gym memberships
- Book Choice Hotels frequently during trips
- 0% APR period longer than 15 months
Related Questions
What Is the Difference Between Wells Fargo Active Cash Card and Capital One Quicksilver Card?
The main difference between the Wells Fargo Active Cash card and the Capital One Quicksilver Card lies in their rewards programs. Wells Fargo Active Cash Card offers 2% cash rewards on every purchase. Alternatively, the Capital One Quicksilver card provides 1.5% cash back on every purchase.
Additionally, Wells Fargo’s card tends to offer an introductory 0% APR on purchases and balance transfers for a longer period.
What Type of Credit Card Is Wells Fargo Active Cash?
Wells Fargo Active Cash is a cash rewards card. It provides unlimited 2% cash rewards on purchases. This makes it suitable for users who prefer a straightforward rewards program. This card is also beneficial for those looking for introductory 0% APR offers on purchases and balance transfers. Furthermore, it does not have an annual fee, adding to its appeal.
Is Capital One Credit Card Master or Visa Card?
Capital One offers both Mastercard and Visa options for its credit cards. The specific network—Mastercard or Visa—depends on the individual Capital One card. For example, the Capital One Quicksilver Cash Rewards Credit Card is a Visa card. On the other hand, the Capital One Savor Cash Rewards Credit Card is a Mastercard. This diversity allows customers to choose based on their network preferences.
Conclusion
Capital One cards are better than the Wells Fargo cards because of their flexibility regarding credit scores and card types. Alternatively, most Wells Fargo cards accept a good to excellent credit score, and give you the opportunity to earn rewards for buying gas, a category Capital One does not offer.