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Wells Fargo Cash Wise Visa® card Review

Wells Fargo Cash Wise Visa® card Review

Sign-up Bonus
Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months. 1.8% cash rewards on digital wallet purchases including Google Pay™ or Apple Pay® during the first 12 months from account opening
Introductory APR
0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then 14.49%-24.99% (Variable)
Rewards Rate
Earn unlimited 1.5% cash rewards on purchases
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Wells Fargo Cash Wise Visa® card best for?

The Wells Fargo Cash Wise Visa® card geared toward those who want a no-annual-fee card that earns cash back at a flat rate on every purchase. With its easy-to-earn signup bonus and generous intro purchase rate, this card could be ideal for knocking down the price of a large purchase and then paying it off over time without incurring interest charges.

Plus, if you pay your cellphone bill with this card, it offers cellphone protection up to $600 with a very low deductible. And if you also carry the Wells Fargo Visa Signature® Card, you can transfer rewards to that card from the Wells Fargo Cash Wise Visa® card, then get 50% more value when redeeming rewards for travel.

Wells Fargo Cash Wise Visa® card overview

    • Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months
    • Earn unlimited 1.5% cash rewards on purchases
    • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.49% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
    • 1.8% cash rewards on digital wallet purchases including Google Pay™ or Apple Pay® during the first 12 months from account opening
    • $0 annual fee
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® card
    • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
    • Select "Apply Now" to learn more about the product features, terms and conditions
  • Credit needed:
  • Cellphone protection of up to $600 (subject to a $25 deductible)
  • Free access to your FICO Score
  • Auto rental collision damage waiver

Intro Purchase APR

0% intro APR for 15 months from account opening

Regular Purchase APR

14.49%-24.99% (Variable)

Intro BT APR

0% intro APR for 15 months from account opening on qualifying balance transfers

Regular BT APR

14.49%-24.99% (Variable)

Annual Fee

$0

Cash Advance Fee

Refer to Important Credit Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

3% for 120 days from account opening, then up to 5%; min: $5

Pros and cons of the Wells Fargo Cash Wise Visa® card

Pros

  • Easy-to-earn sign-up bonus
  • Flat-rate cash back on every purchase
  • Solid introductory APR periods
  • No annual fee
  • Cellphone protection

Cons

  • Foreign transaction fee
  • Rewards rate is just OK

What we like about the Wells Fargo Cash Wise Visa® card

  • Sign-up bonus

    Cardholders can earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months. This is a descent value for a relatively low spend requirement. If you spend approximately $167 each month on this card, you can reach the required spend amount to earn the bonus.

  • Flat-rate rewards

    You’ll earn unlimited 1.5% cash rewards on purchases with the Wells Fargo Cash Wise Visa® card. If you’re the type of shopper who doesn’t want to worry about activating rotating bonus categories or earning more on certain types of purchases and less on others, a flat-rate credit card like this one can make your life easier. Plus, with a qualified digital wallet such as Google Pay™ or Apple Pay®, earn 1.8% cash back for the first 12 months from account opening.

  • Intro APR periods

    This card offers 0% intro APR for 15 months from account opening. After, a 14.49%-24.99% (variable) APR applies. That’s a reasonable interest-free period for cardholders looking to make a big purchase and spread the payments out over time. There’s also a 0% intro APR for 15 months from account opening on qualifying balance transfers. After, a 14.49%-24.99% (variable) APR applies. Be aware of the balance transfer fee, which is 3% for 120 days from account opening, then up to 5%; min: $5.

  • $0 annual fee

    Thanks to the $0 annual fee, all the cash back you earn with this card is net money in your wallet — assuming of course that you don’t incur other fees or interest charges. To avoid incurring interest charges, pay your card off in full each month by the statement due date.

What to look out for with the Wells Fargo Cash Wise Visa® card

  • Foreign transaction fee

    The Wells Fargo Cash Wise Visa® card charges a foreign transaction fee of 3%. If you’re traveling abroad, leave this card at home and take one with no foreign transaction fee instead.

  • Better rewards rates available

    While 1.5% cash back on every $1 spent is not a bad rewards rate, there are cards that offer up to 2% cash back on every $1 spent. And if you’re willing to look beyond flat-rate cards to those offering elevated rewards in specific categories, or rotating quarterly bonus categories, you can earn 5% or even 6% back on some of your spending.

  • Beware eligibility restrictions

    Have you opened any other Wells Fargo credit cards in the past 15 months? If so, be aware that it could impact your eligibility to get the sign-up bonus and/or intro APR periods that come with the Wells Fargo Cash Wise Visa® card. Wells Fargo’s website explains it this way:

    “You may not be eligible for introductory annual percentage rates, fees, and/or bonus rewards offers if you opened a Wells Fargo Credit Card within the last 15 months from the date of this application and you received introductory APR(s), fees, and/or bonus rewards offers – even if that account is closed and has a $0 balance.”

Alternate cashback card to the Wells Fargo Cash Wise Visa® card

Compare it to the Citi® Double Cash Card – 18 month BT offer

| Disclosures
Citi® Double Cash Card – 18 month BT offer
Citi® Double Cash Card – 18 month BT offer
on Citibank's secure site
N/A
16.24% - 26.24% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
660 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Why settle for earning 1.5% cashback when you could earn 2% back on every purchase? The card that sets the standard for flat-rate cash back is the Citi® Double Cash Card . You’ll earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. And the best part? Cardholders earn these generous rewards for a $0 annual fee.

The Citi® Double Cash Card also comes with a lengthy intro period to pay off debt transferred from another credit card. Enjoy an intro APR of 0% for 18 months on balance transfers, after which a 16.24% - 26.24% (variable) APR applies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.

Where the Citi® Double Cash Card falls short is in charging a foreign transaction fee. Leave this card at home when traveling abroad, otherwise you’ll find yourself charged a 3% fee on every transaction. In addition, the Citi® Double Cash Card also lacks an intro purchase APR, so consumers looking to finance a big purchase might prefer the Wells Fargo Cash Wise Visa® card.

Compare the Wells Fargo Cash Wise Visa® card to similar cards

Comparison of four different credit cards
Wells Fargo Cash Wise Visa® card Citi<sup>®</sup> Double Cash Card – 18 month BT offer Blue Cash Everyday<sup>®</sup> Card from American Express Chase Freedom Flex℠
Wells Fargo Cash Wise Visa® card Citi® Double Cash Card – 18 month BT offer Blue Cash Everyday® Card from American Express Chase Freedom Flex℠
Read Review
Apply Now
on Citibank's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Chase's secure site
Welcome Offer
Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening. $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!
Annual Fee
$0 $0 $0 $0
Rewards Rate
Earn unlimited 1.5% cash rewards on purchases Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. 1% cash back on other purchases. Terms apply. 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
Intro Purchase APR
0% intro APR for 15 months from account opening N/A 0% on purchases for 15 months 0% Intro APR on Purchases for 15 months
Regular APR
14.49%-24.99% (Variable) 16.24% - 26.24% (Variable) 16.24%-27.24% Variable 16.49% - 25.24% Variable
Intro Balance Transfer APR
0% intro APR for 15 months from account opening on qualifying balance transfers 0% for 18 months on Balance Transfers 0% on balance transfers for 15 months 0% Intro APR on Balance Transfers for 15 months
Regular Balance Transfer APR
14.49%-24.99% (Variable) 16.24% - 26.24% (Variable) 16.24%-27.24% Variable 16.49% - 25.24% Variable
Balance Transfer Fee
3% for 120 days from account opening, then up to 5%; min: $5 There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening. Either $5 or 3% of the amount of each transfer, whichever is greater. Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
N/A Excellent/Good Excellent/Good Excellent/Good
Card Details
Wells Fargo Cash Wise Visa® card Citi® Double Cash Card – 18 month BT offer Blue Cash Everyday® Card from American Express Chase Freedom Flex℠

Is the Wells Fargo Cash Wise Visa® card right for you?

If you’re looking for decent flat-rate rewards on every purchase you make, as well as a relatively easy-to-earn sign-up bonus and solid intro APR offers on purchases and balance transfers, you’ll probably like the Wells Fargo Cash Wise Visa® card. However, there are flat-rate cashback cards that earn up to 2% back on every purchase, such as the Citi® Double Cash Card . And though an extra half a percentage point might not seem like much at first, it adds up. For example, if you spend $12,000 on your card in a year, you’d earn $240 in cash back with a 2% card but just $180 in cash back with a card earning 1.5% back.

To see rates & fees for the Blue Cash Everyday® Card from American Express please click here.

The information related to the Wells Fargo Cash Wise Visa® card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.