AppleInsider Staff
A new incentive program launched by Wells Fargo on Monday has the bank giving a $20 statement credit to all customers who register their credit card with Apple Pay and make a subsequent purchase.
Starting today and running through Nov. 30, Wells Fargo credit card holders are eligible to retain a small reward for trying out Apple's new Apple Pay mobile payments solution, the bank announced through its website.
Customers who have yet to attach their Wells Fargo credit card to their Apple Pay wallet are eligible to receive $20 in credit upon a successful transaction. After adding a Wells Fargo card to Apple Pay and completing an online or in-store purchase, customers will need to wait one to two billing periods before the $20 is reflected in their statement.
The promotion appears to be limited to those users who have not yet connected their Wells Fargo cards with Apple Pay, as AppleInsider staff reported being ineligible for the offer. These people linked their card to Apple Pay on day one.
Finally, the fine print reveals Wells Fargo Business MasterCard are not eligible for the incentive, while the bank's Business Visa cards are scheduled to be Apple Pay ready by November.
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41 Comments
Now why would a bank want to give away $20? They must think that the benefits outweigh the costs. This looks like a significant sign that banks are going to be really supportive of ApplePay
And now the banks are competing amongst each other to get people to use their cards.. I can see retailers offering incentives like this to get people to use Apple Pay.. Win-win for everyone involved and consumers..
Why no mention of the $10 they're giving to those that use ?Pay with their Wells Fargo debit card?
And now the banks are competing amongst each other to get people to use their cards.. I can see retailers offering incentives like this to get people to use Apple Pay.. Win-win for everyone involved and consumers..
Nah, Banks get paid on you using your card, and the increased security makes it attractive. Retailers shouldn't care wether you use this or credit cards (Although the smart ones would enable it cause of convenience for customers)
I have an iPhone 6 plus but don't have a Wells Fargo credit card. My wife has a Well Fargo credit card but doesn't use an iphone. I wonder if I could register my wife's card on my iPhone 6 plus?