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Wells Fargo Cash Wise Visa Credit Card: Simple Rewards, 0% Intro APR

Aug. 28, 2018
Cash Back Credit Cards, Credit Cards
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The Wells Fargo Cash Wise Visa® Card is one of a slew of cards offering 1.5% cash back on all purchases. It distinguishes itself with a decent 0% introductory APR period, a rewards boost for using digital wallets and an excellent sign-up bonus for a card with an annual fee of $0. If you’re looking to make a big purchase that you want extra time paying off, and to earn rewards along the way, this card could be a good choice.

Wells Fargo Cash Wise Visa® Card

Wells Fargo Cash Wise Visa® Card

Apply Now on Wells Fargo's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • Sign-up bonus
    • Intro APR period on Purchases and Balance Transfers
    • Offers cell phone protection when bill is paid with card

    Cons

    • $25 minimum redemption
    • Requires good/excellent credit

    Annual Fees

    $0

    APR

    • APR: 15.74% - 26.74% Variable APR

    Bonus Offers

    Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months

    Intro APR

    • 0% on Purchases and Balance Transfers for 12 months
  • Additional Information
    • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
    • Earn unlimited 1.5% cash rewards on purchases
    • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
    • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
    • 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
    • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 15.74%-26.74% variable APR; balance transfers made within 120 days qualify for the intro rates and fees
    • $0 Annual Fee
    • Select "Apply Now" to learn more about the product features, terms, and conditions

Wells Fargo Cash Wise Visa® Card: At a glance

Card type cash back, zero percent
Annual fee $0
Interest rate 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 15.74% - 26.74% Variable APR
Rewards 1.5% cash back on all purchases
Sign-up bonus Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
Foreign transaction fee 3%
Balance transfer fee 3% intro for 12 months, then 5% ongoing
Credit required Good (read about credit score ranges here)
Our assessment Wells Fargo Cash Wise Visa® Card Editor's Rating: 3.9 / 5

Wells Fargo Cash Wise Visa® Card: Benefits

  • Flat 1.5% rewards. Other cards on the market offer this same rate, but the Wells Fargo Cash Wise Visa® Card provides a little extra incentive by bumping the rate up to 1.8% for mobile wallet purchases in the 12 months after account opening.
  • An easy-to-attain sign-up bonus. Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months.
  • A good 0% intro period. The Wells Fargo Cash Wise Visa® Card gives you an introductory APR of 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 15.74% - 26.74% Variable APR. A year to pay off purchases or debt without any interest is always a plus.
  • Up to $600 worth of cell phone insurance. Smartphones aren’t cheap. It’s nice to know that if you pay your monthly cell phone bill with the Wells Fargo Cash Wise Visa® Card, you get up to $600 of protection (subject to $25 deductible) against covered damage or theft. Here’s how it works.
  • You can choose your due date. If money is tight, being able to pick exactly when your payment is due can help you avoid overdrafts.
  • Rewards withdrawals at ATMs. This is one of the few cards that let you redeem rewards at an ATM.

» MORE: Wells Fargo credit cards mobile app review

Wells Fargo Cash Wise Visa® Card: Drawbacks

  • Other cards offer higher rates. Although a rewards rate of 1.5% isn’t bad, there are other cards that offer higher rewards.
  • Fixed redemption amounts. You can redeem your rewards in one of two ways: in increments of $20 as a Wells Fargo ATM withdrawal, or in increments of $25 via phone or online deposited into a qualifying Wells Fargo account or mailed as a paper check. Minimum redemption amounts essentially hold your rewards hostage until you spend more money. And the two different minimum redemption amounts are likely to be confusing. Other cards let you redeem in any amount at any time.
  • A balance transfer fee. The transfer fee on this card makes its 0% intro APR period much more attractive for purchases than for transfers. For every $1,000 you transfer during the 0% period, the fee amounts to an additional $30 you’ll have to pay off.

Wells Fargo Cash Wise Visa® Card: Alternatives

For higher rewards rates

The Citi® Double Cash Card – 18 month BT offer pays you 1% cash back when you buy something and another 1% when you pay it off. Combined, that’s one of the highest flat cash-back rates available anywhere. The annual fee is $0. Like the Wells Fargo Cash Wise Visa® Card, this card also enforces a minimum redemption amount (in this case, $25).

If you’re highly organized, the Chase Freedom® gives you 5% cash back in categories that change quarterly, on up to $1,500 in spending per quarter, and 1% back on all other purchases. It also gives you a longer 0% APR period: 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.74% - 25.49% Variable APR. Depending on how you spend, this could be of greater value to you. There is a sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. The annual fee is $0.

For a longer 0% intro period and no redemption minimums

Both the Chase Freedom Unlimited®  and the Capital One® Quicksilver® Card - 0% Intro APR for 15 Months give you 1.5% cash back on all purchases and allow you to redeem your awards in any amount, with no minimum. Both have an annual fee of $0, and both come with sign-up bonuses and 0% intro APR periods:

  • The Chase Freedom Unlimited® gives you an introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.74% - 25.49% Variable APR. Sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • The Capital One® Quicksilver® Card - 0% Intro APR for 15 Months gives you an introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 14.74% - 24.74% Variable APR. Sign-up bonus: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening

To read more about potential cash-back credit card alternatives, visit our list of top credit card options.

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