Wells Fargo Income from Card Fees

Wells Fargo Income from Card Fees 2007-2021

Amounts are in $millions.

Year Card Fees ($m)
2021$4,175
2020$3,544
2019$4,016
2018$3,551
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 

2021:  The total non interest income of Wells Fargo from card fees in 2021 remained $4,175 million compared to $3,544 million in 2020. The company generated total $42,713 million in non interest income in 2021 compared to $34,308 million in 2020. The total non interest income of the company increased by 24% in 2021 compared to 2020.

2018: Card fees were $3.6 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.