Choice Privileges® Mastercard® from Wells Fargo: annual fee, APR and rewards

Fact sheet for the Choice Privileges® Mastercard®, issued by Wells Fargo, with no annual fee and points. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	Wells Fargo
Network	Mastercard
Annual fee	$0
Rewards	Points: 5X points on stays at participating Choice Hotels properties plus on Choice Privileges point purchases; 3X points on purchases at gas stations, grocery stores, home improvement stores and on phone plan services; 1X points on other purchases
Purchase APR	19.99%, 24.74%, or 28.74%, based on your creditworthiness. This APR will vary with the market based on the U.S. Prime Rate.
Balance transfer fee	Up to 5% for each balance transfer, with a minimum of $5
Sign-up bonus	Earn 60,000 bonus points when you spend $1,000 in purchases in the first 3 months (previously 40,000)
Foreign transaction fee	None
Credit level	Excellent, Good (tiers the issuer reports to the CFPB)

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 28.49%, with a range of 19.24% to 28.49%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.