Wells Fargo · Mastercard · travel
Choice Privileges Mastercard
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Terms read from Wells Fargo's page on Oct 16, 2026.
Year 1, after fees
estimated value, about $1,031, based on 0.75 cents per point
Year 2+, after fees
estimated value, about $581, based on 0.75 cents per point
every year after
3 years, after fees
estimated value, about $2,192, based on 0.75 cents per point
Break-even
No fee
Earn rate by category
Points at 0.75¢ each (lowest published value); published range 0.75¢ to 0.85¢. Source: The Points Guy monthly valuations, October 2026.
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | ~$616 | ~$166 | ~$948 | No fee |
| Couple ($2,555/mo) | ~$882 | ~$432 | ~$1,747 | No fee |
| Family ($3,350/mo) | ~$1,031 | ~$581 | ~$2,192 | No fee |
| Frequent traveller ($3,880/mo) | ~$1,042 | ~$592 | ~$2,227 | No fee |
| Big spender ($7,960/mo) | ~$1,652 | ~$1,202 | ~$4,057 | No fee |
Who it suits
- People who spend a lot on groceries and bills, where it earns above its base rate.
Who should skip it
- Nothing stands out on the presets; check it against your own spending.
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- Not stated
Rewards
- 5x on choice Hotels stays (assumed half of your hotel spending)
- 3x on gas, groceries, home improvement and phone plans
- 1x on everything else
Eligibility and availability
- Income
- None published
Published requirements only. We don't estimate approval odds.
Assumptions
- Point value: Choice Privileges points at 0.75 cents each: no redemption style chosen, so its lowest published value (it has no cash redemption). Source: The Points Guy monthly valuations, October 2026.
- Welcome bonus: 60,000 points after $1,000 in purchases in the first 3 months. Your spending meets it in month 1.
Not counted or not confirmed
- Purchase APR isn't on Wells Fargo's card list; the card's own page wasn't read.
- Foreign transaction fee isn't on the card page.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's ~$581.
Chase IHG One Rewards PremierYear 2+ ~$1,243
Wells Fargo One Key CardYear 2+ $864
Chase Marriott Bonvoy BoundlessYear 2+ ~$809
Frequently asked questions
Is the Wells Fargo Choice Privileges Mastercard worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth ~$1,031 in year 1 and ~$581 a year after that, after no annual fee.
What is the Wells Fargo Choice Privileges Mastercard welcome offer?
60,000 points after $1,000 in purchases in the first 3 months.
Does the Wells Fargo Choice Privileges Mastercard charge foreign transaction fees?
The issuer's page doesn't state its foreign transaction fee, so check the full terms before travelling.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 59 other cards on the US card comparison or read how cards are valued.