Wells Fargo Income from Card Fees

Wells Fargo Income from Card Fees 2007-2018

Amounts are in $millions.

Year Card Fees ($m)
2018$3,907  
2017$3,960 
2016$3,936 
2015$3,720 
2014$3,431
2013$3,191 
2012$2,838 
2011$3,653 
2010$3,652  
2009$3,683 
2008$2,336
2007$2,136 

Card fees were $3.9 billion in 2018, compared with $4.0 billion in 2017 and $3.9 billion in 2016. The decrease in 2018 reflected the impact of the new revenue recognition accounting standard, which reduced noninterest expense and lowered card fees in 2018 by an equal amount due to the netting of card payment network charges against related interchange and network revenues in card fees. This decrease in card fees in 2018 was partially offset by higher interchange fees. Card fees increased in 2017, compared with 2016, mainly due to increased purchase activity.

Wells Fargo Annual Reports.