Wells Fargo and Choice Hotels Announce Revamped Credit Card
Choice Credit Card

Wells Fargo and Choice Hotels Announce Revamped Credit Card

“Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.”

Choice Hotels is making a move when it comes to its co-branded credit card. This week, the hotel chain announced that its Choice Privileges credit card would soon be issued by Wells Fargo. In turn, the bank released some details on what the new offerings will entail.

When the updated Choice Privileges card launches this spring, it will allow customers to earn 5 points per dollar spent on stays at participating Choice hotels, 3x points at gas stations, 3x points on grocery store purchases, 3x points at home improvement stores, 3x points on phone plans, and 1x points on all other purchases. Plus, cardholders will enjoy automatic Gold Elite Membership status. More accurately, the card will provide customers with 10 Elite Night credits, which will qualify them for Gold Elite status but also put them closer to reaching higher levels.

The new Wells Fargo-issued Choice Privileges card will replace the previous version, which was issued by Barclays. That product also offered 5x points on Choice hotel purchases but included 2x points on all other purchases rather than the category-specific structure of the new card. Another change is that the previous card was a Visa while the updated version will operate on the Mastercard network. Lastly, a benefit on the Barclay card that allowed customers to earn 8,000 bonus points if they spent at least $10,000 on the card in a year seems to have been removed from the incoming edition.

Best Travel Credit Cards

For the complete list of travel rewards credit cards with all of the latest offers click below.

Get Rewards

Commenting on the card’s impending launch, Choice Hotels’ chief commercial officer Robert McDowell said, “Teaming up with Wells Fargo and Mastercard allows us to provide cardmembers with even faster ways to earn exceptional rewards. We are dedicated to rewarding and delighting our loyal Choice Privileges members through easy ways to earn reward nights, exclusive benefits, and member-only pricing.” McDowell continued, “Now with the launch of our refreshed cobranded credit card program, cardholders will have the opportunity to unlock the best Choice has to offer.”

Overall, the updates to the Choice Hotels co-branded card are a mixed bag for customers. While those who frequently purchase gas and groceries with their card or are willing to pay their cell phone bill with it may be happy with the new 3x categories, others may have preferred the simpler 2x “on everything else” feature of the Barclays version.

Meanwhile, the addition of automatic Gold Elite Membership status could be a nice perk for travelers, although the value of such a benefit is difficult to quantify. Of course, those who already have cards (ironically) won’t really have a choice in the matter as their current product will be transitioned in May. As for prospective cardholders, they’ll likely want to wait and see what types of welcome offers and other details Wells Fargo announces at that time before making a decision.

Fioney has partnered with CardRatings for our coverage of credit card products. Fioney.com and CardRatings may receive a commission from card issuers.” (Note: advertising relationships do not have any influence on editorial content. Advertising compensation allows Fioney.com to provide quality content for free. All editorial opinions are those of the individual author and/or Fioney staff.)

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...