Wells Fargo has opened applications for two new Choice Privileges credit cards as of today.
We'd first heard about the new no-annual-fee Choice Privileges® Mastercard® (see rates and fees) in February when Choice Hotels made Wells Fargo the official credit card issuer and Mastercard the exclusive payments network for its Choice Privileges program. If you have an existing Choice Privileges credit card, your card will soon be converted to the Choice Privileges Mastercard.
Now, Wells Fargo has launched a second Choice Privileges card: the Choice Privileges Select Mastercard, which has a $95 annual fee and a compelling sign-up bonus.
Hotel credit cards can provide significant value if you frequently stay with a particular hotel loyalty program. So, here's what you need to know about the new Choice Privileges Mastercards.
The information for the Choice Privileges Select Mastercard and Choice Privileges Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Overview of the new Choice Privileges Mastercards
Before we dive into the details of the new Choice Privileges Mastercards, here's an overview of what these cards offer:
| Choice Privileges Mastercard | Choice Privileges Select Mastercard | |
|---|---|---|
| Initial limited-time sign-up bonus | 60,000 points after spending $1,000 in qualifying purchases during the first three months. | 90,000 points after spending $3,000 in qualifying purchases during the first three months. |
| Earning rates | 5 points per dollar spent on stays at participating Choice hotels. 3 points per dollar spent on qualifying purchases at gas stations, grocery stores, home improvement stores and phone plans. 1 point per dollar spent on other purchases. | 10 points per dollar spent on stays at participating Choice hotels. 5 points per dollar spent on qualifying purchases at gas stations, grocery stores, home improvement stores and phone plans. 1 point per dollar spent on other purchases. |
| Elite night credits each year | 10, enough for at least Gold Elite status each calendar year. | 20, enough for at least Platinum Elite status each calendar year. |
| Annual fee | No annual fee. | $95 annual fee, waived for the first year. |
| Other notable perks | Up to $800 of cellphone protection against damage or theft (subject to $25 deductible). No foreign currency conversion fee. World Elite Mastercard benefits. | Up to $800 of cellphone protection against damage or theft (subject to $25 deductible). No foreign currency conversion fee. 30,000 bonus points every account anniversary. TSA PreCheck or Global Entry statement credit. World Elite Mastercard benefits. |
Related: Which credit cards offer the most lucrative rewards for hotel stays?
Choice Privileges Mastercard: No annual fee
Applications are now open for the new Choice Privileges Mastercard. For a limited time, the card offers new applicants a sign-up bonus of 60,000 points after spending $1,000 in qualifying purchases during the first three months. Based on TPG's valuations, this bonus is worth about $360.
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This no-annual-fee card has several useful features, including cellphone protection, no foreign currency conversion fees and World Elite Mastercard benefits. Here's a look at the card's other benefits.
Earning rates
When you make eligible purchases with the new Choice Privileges Mastercard, you'll earn Choice points as follows:
- 5 points per dollar spent on qualifying stays at participating Choice hotels.
- 3 points per dollar spent on purchases at gas stations, grocery stores, home improvement stores and phone plans.
- 1 point per dollar spent on other purchases.
Choice Hotels acquired Radisson Americas in 2022 and plans to integrate Radisson Rewards Americas into the Choice Privileges program later this year. So, you should also earn 5 points per dollar spent at Radisson brands in the U.S., Canada, Latin America and the Caribbean once these hotels are bookable through Choice.
Related: From Yellowstone to Austria: 27 hotels you can book for less with Choice Hotels' Sweet Spot Rewards
10 elite night credits for Gold Elite status
As a Choice Privileges Mastercard cardholder, you'll get 10 elite night credits each year as a perk of your card account. These elite night credits will get you automatic Gold Elite status and could also help you earn a higher status within Choice Privileges.
I expect we'll see changes to the Choice Privileges program, including elite status benefits, as Radisson Rewards Americas is integrated. So, although Choice Privileges elite status doesn't currently provide many helpful benefits, it may become more valuable later this year.
Related: Is hotel elite status worth it anymore?
Choice Privileges Select Mastercard: $95 annual fee
Applications for the new Choice Privileges Select Mastercard are also now open. For a limited time, this card offers new applicants a sign-up bonus of 90,000 points after spending $3,000 in qualifying purchases during the first three months. Based on TPG's valuations, this bonus is worth about $540.
Plus, for a limited time, new applicants will also get the card's $95 annual fee waived for the first year.
Cardholders of the Choice Privileges Select Mastercard also enjoy several ongoing benefits, including cellphone protection, no foreign currency conversion fees, World Elite Mastercard benefits and a TSA PreCheck or Global Entry statement credit. Now, let's look at the card's other primary benefits.
Earning rates
The Choice Privileges Select Mastercard offers better earning rates on most purchases than the Choice Privileges Mastercard. In particular, you'll earn as follows with the Choice Privileges Select Mastercard:
- 10 points per dollar spent on qualifying stays at participating Choice hotels.
- 5 points per dollar spent on purchases at gas stations, grocery stores, home improvement stores and phone plans.
- 1 point per dollar spent on other purchases.
This means you'll get an effective 6% return on qualifying stays at participating Choice hotels, according to TPG's valuations. This rate of return on hotel stays is competitive with some of the best travel rewards cards, such as the Chase Sapphire Reserve and the Citi Premier® Card (see rates and fees)
Related: 8 of the best credit cards for general travel purchases
20 elite night credits for Platinum Elite status
As a Choice Privileges Select Mastercard cardholder, you'll get 20 elite night credits each year. These elite night credits are enough for automatic Platinum Elite status but could also help you earn Diamond Elite status (which requires 40 nights per year).
Bonus points each year
Travelers with the Choice Privileges Select Mastercard also get 30,000 points at each account anniversary. Based on TPG's valuations, those points are worth about $180 — more than enough to justify the card's $95 annual fee after the first year.
Thought of another way, you're getting 30,000 Choice points each year for $95. So, you're effectively buying Choice points for 0.31 cents per point. This is well under TPG's valuation of Choice points at 0.6 cents each, representing great value if you enjoy redeeming Choice points.
Related: College sports fans: You can redeem Choice points for exclusive events and experiences
Bottom line
The new no-annual-fee Choice Privileges Mastercard may be a good option for Choice loyalists due to its 10 elite night credits per year and no foreign transaction fees. However, the earning rates are likely too low to compete with other travel rewards and everyday spending cards.
The new Choice Privileges Select Mastercard is a more compelling offer for most Choice loyalists. The limited-time sign-up bonus and waived annual fee for the first year are great reasons to get the card. Additionally, the 30,000 points at each account anniversary and higher earning rates should provide enough value to justify keeping the card long term.
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
FAQs
How much is 1,000 Choice Privileges points worth? ›
The standard price is $12.80 per 1,000 points (1.28 cents per point), which is above our average value.
What happened to my Choice Rewards points? ›Point Forfeiture
You must, however, complete at least one qualifying activity every 18 months to maintain an active account and to retain your accumulated points. Choice Privileges points are forfeited in accounts that have no qualifying activity during the previous 18 consecutive calendar months.
There are three primary ways to redeem Choice points for hotel stays: reward nights, points plus cash stays and Preferred Hotels & Resorts stays. It's worth noting that you can only redeem Choice points for stays that will occur within the next 100 days.
Why are my choice points not showing up? ›There are several reasons why Choice Privileges® points earned could be missing from your Choice Privileges Eat & Earn account. The most common are: Points can take up to five days to appear in your Choice Privileges Eat & Earn account and one to two weeks to appear in your Choice Privileges account.