Wells Fargo Drops Debit Card Rewards

The nation's banks are behaving like the airlines these days: As soon as one implements a new policy or program, others pile on. In this case, a mere week after Chase took the ax to its debit rewards program, news comes that Wells Fargo (along with Wachovia, which it acquired a few years ago) is doing the same.

Starting yesterday, new Wells Fargo and Wachovia customers can no longer enroll in the bank's debit rewards program. Existing customers get to keep earning rewards for now, although that could change if Wells follows in Chase's footsteps.