Wells Fargo Credit Card Options For International Students

International students looking to build their credit scores often consider the Wells Fargo Cash Back College Card. The card is specifically designed for college students and those building credit. It offers a 0% introductory annual percentage rate for the first six months, cellphone insurance, and a chance to earn cash rewards. However, as of fall 2021, Wells Fargo was not accepting new applications for this card.

Wells Fargo Cash Back College Card

The Wells Fargo Cash Back College Card is a credit card designed for college students who want to build their credit score by demonstrating their ability to be responsible with borrowed money. The card is no longer available to new applicants, but it was previously a good option for students with no credit history who wanted to start building their credit early.

The Wells Fargo Cash Back College Card offered an introductory 0% APR on purchases for the first six months after account opening, as well as a six-month introductory 0% APR for balance transfers made within 120 days of account opening. However, there was a 3% intro balance transfer fee, with future balance transfers costing up to 5%. After the introductory period ended, cardholders would be charged a variable APR of between 11.15% and 21.15%, depending on their creditworthiness.

The card offered 3% cashback on every $1 spent on gas, groceries, and drugstore purchases (up to $2,500 spent), and 1% cashback on almost all other purchases. There was no annual fee, but the card did charge a 3% foreign transaction fee. One of the card's standout features was its complimentary cellphone insurance, which provided up to $600 in coverage per claim (after a $25 deductible) if the phone was stolen or damaged.

The Wells Fargo Cash Back College Card was well-regarded by customers, who appreciated its easy application process, controlled limits, and cashback rewards. However, the card's rewards were described as underwhelming by some. Overall, it was considered a good option for students looking to build their credit and learn good credit card practices.

International student eligibility

International students looking to apply for a Wells Fargo credit card can consider the Wells Fargo Cash Back College Card. This card is designed for college students and those looking to build their credit. As of fall 2021, the Wells Fargo Cash Back College Card was not accepting new applications, but it is worth checking if this has changed.

The Wells Fargo Cash Back College Card offers a 0% introductory annual percentage rate for the first six months, which can be helpful for students facing initial expenses. After the first six months, a variable APR of between 11.15% and 21.15% will apply, depending on your creditworthiness. The card also offers cell phone protection, which can be useful.

To be eligible for a Wells Fargo credit card, you must have an eligible Wells Fargo account to apply online. You can request and link your Campus ATM Card or Campus Affinity Debit Card to a new or existing Wells Fargo account at a Wells Fargo branch. The Wells Fargo Campus Card Program offers optional banking services to students at participating colleges and universities.

It is important to note that Wells Fargo does not disclose the credit score requirements for the Wells Fargo Cash Back College Card. However, the bank says the card is designed for college students and those building credit. The card reports payment data to all three credit bureaus, so making on-time payments and keeping your balance low compared to your credit limit can help build your credit score and increase your chances of qualifying for other cards.

Card benefits

The Wells Fargo Cash Back College℠ Card is a credit card option for students with no credit history. The card offers several benefits, including:

• No annual fee, which is standard for many decent student credit cards.
• Cellphone insurance, which provides up to $600 in coverage per claim (after a $25 deductible) if your phone is stolen or damaged. The maximum coverage limit is $1,200 in claims in a 12-month period.
• An introductory 0% APR on purchases for the first six months after account opening.
• A six-month introductory 0% APR for balance transfers made within 120 days of account opening, with a 3% intro balance transfer fee (minimum $5).
• 3% cash rewards for every $1 spent on gas, groceries, and drugstore purchases (up to $2,500 spent), plus 1% on almost all other purchases.
• A chance to build credit by reporting your payment history to credit bureaus.

The Wells Fargo Campus Card Program also offers optional banking services to students at participating colleges and universities. This includes access to ATMs and the ability to make purchases on and off-campus when linked to a Wells Fargo checking account.

Application process

The Wells Fargo Cash Back College Card is designed for college students who are looking to build their credit scores. As of fall 2021, the card was not accepting new applications. However, if you are an existing Wells Fargo customer, you can apply for the card online.

To apply for the Wells Fargo Cash Back College Card, you must have an eligible Wells Fargo account. This means that you must visit a Wells Fargo branch in the state where your school is located and request to link your Campus ATM Card or Campus Affinity Debit Card to a new or existing Wells Fargo account. You will need to provide your school's unique ID number (8 or 9 digits) during this process.

It is important to note that Wells Fargo does not disclose the credit score requirements for this card. However, they do mention that the card is designed for college students and those who are building credit. The bank also does not disclose the specifics of its underwriting requirements for credit limit increases.

Once you have your Wells Fargo account set up and linked to your Campus Card, you can then apply for the Wells Fargo Cash Back College Card. The application process is said to be straightforward, and if approved, you can start building your credit score by making timely payments and keeping your balance relatively low compared to your credit limit.

Other Wells Fargo student options

Wells Fargo offers a range of student options beyond its credit card. These include:

The Wells Fargo Campus Card Program

The Campus Card Program offers banking services to students, faculty, and staff at participating colleges and universities. This optional service allows users to access their cash at ATMs and make purchases on and off-campus if they choose to link their Wells Fargo checking account to their Campus Card. The Campus Card also serves as an official school ID and can be used to access campus privileges such as meal plans and library access. The card is a co-branded Visa debit card with no monthly service fee and no Wells Fargo fees for up to four cash withdrawals from non-Wells Fargo ATMs in the US.

Student and Teen Checking Accounts

Wells Fargo offers checking accounts for students and teens, including the Clear Access Banking account and the Everyday Checking account. The Clear Access Banking account is designed for older teens (17 and up) and can be opened as an individual account or as a joint account with a parent or guardian for teens ages 13-16. The Everyday Checking account has a $10 monthly service fee, while the Clear Access Banking account has a $5 monthly fee. These fees can be waived if the primary account owner is under 25 years old. Both accounts are FDIC-insured up to the maximum applicable limit, and customers can use the Wells Fargo Mobile® app to check account activity, deposit checks, transfer funds, pay bills, and more.

Internship and Development Programs

Wells Fargo offers a variety of internship and development programs for undergraduates and postgraduates, providing specialized training and exposure to different businesses within the company. These programs aim to empower participants with the skills and experiences needed to kickstart their careers in an inclusive and fun environment.

Frequently asked questions