Rating: 5 Stars
Bottom Line:
Cash Back and Pay Off Debt
TABLE OF CONTENTS
Card Details
| Regular APR: | 15.49 – 27.49% (Variable) |
| Intro APR (Purchases): | 0% for 15 months |
| Intro APR (Balance transfers): | 0% for 15 months |
| Rewards Rate: | 1.5% cash rewards on everyday purchases 1.8% cash rewards earned on purchases when using a qualified mobile wallet, including Apple Pay? and Google Pay, during the first 12 months from account opening |
| Credit Needed: | (670 – 850) Good/Excellent |
| Annual Fee: | None |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
- Unlimited 1.5% cash rewards on purchases
- Our lowest possible intro APR on purchases and balance transfers for 15 months
- No annual fee
- No rotating category restrictions or quarterly activations required to earn unlimited 1.5% cash rewards
- Bonus rewards earning potential and deals at your favorite stores when you shop our Earn More Mall
Is Wells Fargo Cash Wise Visa Card worth it?
Wells Fargo Cash Wise Visa? is a great card for getting 1.5% cash back on everyday purchases with the option to pay off debt or purchases with 0% Intro APR for 15 months.
Cardholders get $150 cash rewards bonus when you spend $500 in purchases in the first 3 months. This is the same signup bonus as that of Capital One SavorOne Cash Rewards, which has unlimited 3% cash back on dining and entertainment and 2% on grocery stores. However, if you don?t spend on dining out, going out, or have high spend on groceries, Capital One? SavorOne? will not bring you value.
Plus with Wells Fargo Cash Wise Visa, you can set up automatic redemption, which allows you to set a designated amount to be redeemed automatically and set your preferred method of cash back redemption, such as a deposit, paper check, or cash via a withdrawal from a Wells Fargo ATM. You can also redeem and apply your Rewards to another Wells Fargo customer’s account as a deposit into a checking or savings account or as a credit to a Wells Fargo credit product, such as a loan.
Other cards offer slightly higher unlimited cash back, like Citi Double Cash or Fidelity Rewards Visa Signature, but the $150 signup bonus that only requires $500 in spend is what makes Wells Fargo Cash Wise Visa? a great choice for most people.
Note that consumers have reported that setting up automatic monthly payments for accounts outside of Wells Fargo is a complicated process. Keep this in mind if you have very limited time. That said, if you’re looking for simple, flat-rate cash back and an easily attainable signup bonus, Wells Fargo Cash Wise Visa is a great card for you.
Pros
- $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
- Automatic redemption available
- Unlimited 1.5% cash back on all purchases
- 0% Intro APR on purchases and balance transfers
Cons
- Other cards have higher unlimited cash back
- The bonus cash rewards will show as redeemable within 1-2 billing periods following the end of the 3 month offer period, you will not receive the signup bonus as soon as you achieve the spending amount
Why 5 Stars?
Regular APR
4 Stars
Intro APR
5 Stars
Fees
4 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 3% |
| Balance Transfer Fee | Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5 |
| Cash Advance Fee | Either $10 or 5% of the amount of each advance, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Baggage Delay Reimbursement |
| Concierge Service |
| Emergency Card Replacement |
| Emergency Cash Disbursement |
| Extended Warranty Protection |
| Lost Luggage Reimbursement |
| Travel Accident Insurance |
| Price Protection |
| Purchase Protection |
| Return Protection |
| Roadside Dispatch |
| Travel and Emergency Assistance |
| Trip Cancellation/Trip Interruption Reimbursement |
| Trip Delay Reimbursement |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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