Are Wachovia Credit Card Rewards Points Safe?

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I am michael grant writing in regardsto my points that iachieved through wachovia possibility rewards I believe that cashing out would be the right choose to make if well fargo will not continue the point system.

Michael Grant of NJ 3:56PM March 29, 2009

having just received my first Visa Card i would like a catalog of available benefits and places where i can make purchases getting bonus points.Please send this through regular mail at the address below
Helmut Dietrich
21 Florabunda Circle
Orange city, Fl. 32763

Helmut Dietrich of FL 11:16AM January 29, 2009

Now that Wells Fargo appears to be the bank taking over Wachovia, will that bank take over the credit card Rewards program previously offered by Wachovia? I have had a Wachovia credit card for about 5 years, and have accumulated approx 70,000 points on its program.

William Hohman of NC 11:33AM October 28, 2008

It is probably better to cash out on a regular basis -- every time I've earned $100 in points on my card, I cash out. Better to have $100 now than (potentially) nothing later. It's a similar philosophy to downloading the pictures from your digital camera each time you use it; it takes a little more time, maybe, but it saves one from the potential heartbreak of lost memories.

Lynn of MA 9:00AM October 04, 2008

Florida: no, there is no problem whatsoever with the safety of deposits. Even if the bank failed-- which it didn't, it was purchased by Citigroup -- the FDIC would insure up to $100,000. So those with money deposited at Wachovia have nothing to worry about.

Kimberly Palmer of 1:29PM September 30, 2008

Is there any problem with the safety of deposits in Wachovia?

of FL 12:31PM September 30, 2008

This isn't the case of an orderly purchase, it was rushed, Citigroup got pieces of Wachovia, so it's hard to say what they'll do. Citigroup also bought up a lot of other debt, they might say "sorry the reward points are gone" just to reduce the exposure.
jim
http://www.bargaineering.com/articles

jim of MD 11:39AM September 30, 2008

Back in the dot-com boom I had a NextCard Visa --- they were an online only bank that was handing out credit cards over the Internet. You could apply, get a new credit card number, and start using the card before you even had the physical plastic in your hands. Perhaps predictably, this strategy caused them much loss and eventually they were taken over by the government. I lost all my rewards points from them. Wachovia's obviously a different situation, but it can happen, depending on the circumstances.

Justin McHenry of OH 10:43AM September 30, 2008

I guess it might depend. I have a Disney reward card, which used to be run by MBNA America and then Chase bought it. I believe my rewards points were intact

Veronica of NY 3:44PM September 29, 2008