Home / Blog / American Express and Wells Fargo to Team Up in 2014

American Express and Wells Fargo to Team Up in 2014

We wrote last month about a report from the Wall Street Journal detailing Wells Fargo's plan to push their credit card offers even further on existing bank members. According to USA Today, Wells Fargo is already moving forward with the new strategy, and they've partnered up with American Express to make it happen.

As USA Today writes, the American Express-issued credit cards should be offered by mid-2014, with Wells Fargo customers eligible to apply for the cards.

Currently, Wells Fargo credit and debit cards are issued by Visa. Visa is accepted more widely than American Express, though AmEx still carries an aura as the "preferred" card for consumers interested in quality rewards programs. Whether that stereotype is fair or not is a discussion we've written about previously, but there's no denying that when it's accepted, American Express is an excellent class of card to carry.

Wells Fargo consumers can look for the transition in mid-2014.

In a related story, earlier this week Wells Fargo announced plans to offer a new credit card to help customers pay down their debt. As the New York Times explains, the concept is similar to their Home Rebate Card. This card offers a 1 percent rebate that goes toward the principal on a Wells Fargo home loan.

While currently the card is only available for home loans, the new Wells Fargo plan is to offer up these types of cards for other kinds of loans, including student loans and auto loans.

It's been a pretty interesting week for the Wells Fargo credit card business; what do Creditnet readers make of the announcements? Do these cards appeal to you more or less branded with AmEx? Let us know in the comments section below!

Blog Tags: 

Sign up for our monthly newsletter.

Get the latest tips & advice from our team of 30+ credit & money experts, delivered to you via email each month. sign up Now

Jason Bushey's picture

Jason Bushey is the former Editor and Vice President of Creditnet. Jason is a Burlington, Vermont native who moved to sunny San Diego after earning a Bachelor's Degree in English and Political Science at the University of Vermont ('09). When he's not sharing his take on credit cards, administrating the Creditnet Forum or blogging about all things related to credit, you can probably find him cheering on the Green Bay Packers (He's an owner!) or running up and down the streets of SoCal.

Visit 's Google Plus profile for more.