Wells Unveils Home Rebate Card

Wells Fargo & Co., San Francisco, has announced the introduction of the Wells Fargo Home Rebate Card, a credit card designed for customers of Wells Fargo Home Mortgage who want to pay down their mortgage faster.Under the terms of the program, virtually every purchase made with the card counts toward a 1% rebate credited to the principal on the customer's Wells Fargo Home Mortgage Loan, the company said. The rebate is applied automatically in $25 increments, and there is no cap on the amount of rebate customers can earn. "The rebate can help customers potentially save thousands of dollars on their long-term mortgage interest and lower the number of their remaining payments on fixed-rate loans," Wells Fargo said. The company's mortgage unit can be found online at http://www.wellsfargo.com/mortgage.