Wells Fargo Cash Wise Visa® card Review

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Our Detailed Review of This Card

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Looking for a card with no annual fee, a $150 intro bonus opportunity, a 15-month 0% intro APR on purchases and qualifying balance transfers, and impressive ongoing cash back rewards? If so, the Wells Fargo Cash Wise Visa® card is likely a terrific fit for you. Not only does it offer all of that, but it also provides mobile phone protection and so much more, making it a card you’ll likely want in your wallet for the long haul.

Kicking things off is a $150 intro bonus that you’ll earn after spending $500 on purchases in the first 3 months. Next, you’ll earn an ongoing unlimited 1.5% cash rewards on purchases. That flat cash back rate makes the Wells Fargo Cash Wise Visa® card a long-term, no-fuss card for purchases, as you’ll earn cash rewards without having to sign up for rotating categories or jump through any additional hoops. As an added bonus, you’ll earn 1.8% cash rewards when using Google PayTM and Apple Pay® qualified digital wallets to make purchases during the first 12 months. Plus, your potential cash back is unlimited, so you can use your card as much as you want, knowing you won’t run into any cash back limits. The Wells Fargo Cash Wise Visa® card offers all of this and has no annual fee.

In addition to the cash rewards, the Wells Fargo Cash Wise Visa® card features a 15-month 0% intro APR on both purchases and qualifying balance transfers (then an on-going APR of 13.99%-25.99% (Variable)). That’s almost like an interest-free loan for 15 months on things you buy with your card. In addition, if you’re carrying a balance on other high-APR cards, you can save some money on interest by transferring the balance(s) over to the Wells Fargo Cash Wise Visa® card. There is an intro balance transfer fee of 3% for 120 days ($5 minimum), after that the fee is 5% ($5 minimum).

As if all of these rewards and perks aren’t enough, the Wells Fargo Cash Wise Visa® card also comes with cell phone protection of up to $600 per claim against covered damage or theft. There is a $25 deductible and a maximum of 2 claims in a 12-month period, but it’s still a solid card perk, especially when it’s compared to how much you’d pay your cell phone provider for insurance. To qualify for this protection, you just need to use your Wells Fargo Cash Wise Visa® card to pay for your monthly cell phone bill — you’ll earn 1.5% cash rewards for paying your bill, so it’s really a win-win.

When you’re ready, you can redeem your cash rewards in a variety of ways: as a statement credit, for a paper check, for merchandise and gift cards, or for travel via Wells Fargo’s online portal. If you’re a Wells Fargo banking customer, you can choose to direct deposit to your Wells Fargo checking or savings account or get cash through a Wells Fargo ATM in $20 increments (note that you need a Wells Fargo Debit or ATM card to do this). You also have the option of applying your cash back as a credit to a qualifying Wells Fargo credit product, like a mortgage or loan.

Overall, the Wells Fargo Cash Wise Visa® card is a great combination cash back and 0% intro APR card with a $150 intro bonus. Wells Fargo customers have more redemption options than non-Wells Fargo customers, but even if you’re not a Wells Fargo banking customer, you can still get cash back via a statement credit or paper check. If you want more redemption options, take a look at the Capital One® Quicksilver® Cash Rewards Credit Card, which also offers 1.5% unlimited cash rewards and has a comparable intro bonus, although you’ll miss out on the cell phone protection.

Rewards

  • Earn a $150 cash rewards bonus after spending $500 in the first 3 months.
  • Earn unlimited 1.5% cash rewards on purchases.
  • Enjoy 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening.

Redeem Rewards

  • Redeem rewards for cash back via direct deposit to a Wells Fargo savings or checking account, at a Wells Fargo ATM, or by physical check. You can also redeem for gift cards, merchandise and travel.

Fees and APR

  • Annual Fee: $0.
  • Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars.
  • Purchase APR: 0% intro APR for 15 months, then 13.99%-25.99% (Variable), depending on credit history.
  • Balance Transfer APR: 0% intro APR for 15 months on qualifying balance transfers, then 13.99%-25.99% (Variable), depending on credit history.
  • Intro Balance Transfer Fee: 3% for 120 days, then 5% .
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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.