Wells Fargo Cash Wise Review: 1.5% Back, Plus a Few Perks

This card gives you the industry standard cash-back rate, a decent sign-up bonus, a good 0% intro APR period and some other perks.
Claire TsosieSep 2, 2021

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Our Take

4.7

NerdWallet rating 

The bottom line: If you're looking for a simple flat-rate cash-back card and can benefit from cell phone insurance and bonus rewards for digital wallet spending in the first year, this card's a good option. It could also be a good fit if you bank with Wells Fargo and want to keep all your accounts in one place.

Wells Fargo Cash Wise Visa® Credit Card

Wells Fargo Cash Wise Visa® card

Annual fee

$0

Regular APR

14.49% - 24.99% Variable APR

Intro APR

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

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • No annual fee
  • New cardholder bonus offer
  • Intro APR period
  • Cell phone insurance

Cons

  • Requires good/excellent credit

Alternate Pick: Higher rewards rate

Citi® Double Cash Card
NerdWallet rating 

Citi® Double Cash Card – 18 month BT offer

2% cash back on everything

This card gives you 1% cash back when you make a purchase and another 1% when you pay it off. The combined 2% rate is among the highest of any cash-back card. However, this offer does not include a sign-up bonus or a 0% APR period for purchases.

Read our review

Compare to Other Cards

Wells Fargo Cash Wise Visa® Credit Card

Wells Fargo Cash Wise Visa® card

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$0

Annual fee

$0

Regular APR

14.49% - 24.99% Variable APR

Regular APR

13.99% - 23.99% Variable APR

Regular APR

11.99% - 22.99% Variable APR

Rates & Fees

Intro APR

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

Intro APR

0% intro APR on Balance Transfers for 18 months

Intro APR

0% intro APR for 14 months on purchases and balance transfers

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Get more smart money moves — straight to your inbox

Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Full Review

The  is a solid -annual-fee cash-back credit card, offering 1.5% cash back on purchases, an introductory 0% APR period and a decent sign-up bonus.

Unlike similar 1.5% back cards — — it offers cell phone protection and a rewards boost for using digital wallets in the first year. That might make it a slightly more valuable choice if you can benefit from these specific extras. The card could also be a good match if you bank with Wells Fargo and want to keep all your accounts in one place. It's not the most valuable offer around, though; other cash-back cards offer higher ongoing rewards rates.

Card type: .

Annual fee: .

Rewards:

You can redeem your rewards for a range of things, including immediate cash back from a Wells Fargo ATM, which is a unique feature among rewards cards. You can also choose direct deposit or check, charity donations, merchandise, gift cards or travel. Cash redemptions for direct deposits to qualifying Wells Fargo accounts or checks must be done in $25 increments; cash redemptions for ATM withdrawals must be done in $20 increments.

Sign-up bonus: .

APR: .

Foreign transaction fee: 3%.

Balance transfer fee: .

Cell phone protection: You get up to $600 of protection (with a $25 deductible) against covered damage or theft when you pay your cell phone bill with your card.

» MORE:

The flat-rate 1.5% cash-back rewards on the make it an appealing choice for making everyday purchases. You don't need to memorize complicated bonus categories, and your rewards won't be capped.

Unlike similar cards, this one also offers 1.8% cash back on qualifying digital wallet spending — which includes Apple Pay® and Google Pay™, for example — in the 12 months after account opening. At the start, the perk makes it slightly more valuable for cardholders who can pay for most of their purchases this way. Also rare among cards like this one: It allows you to redeem points for cold hard cash at an ATM.

The gives you an introductory APR of . That's a nice introductory 0% APR deal, and it's in line with what other 1.5% cards offer.

This card also comes with an easy-to-snag sign-up bonus: . Among 1.5% cards, this offer is also standard. Still, it provides a nice boost in value during the first few months of use.

When you pay your monthly cell phone bill with the , you get up to $600 of protection (subject to $25 deductible) against covered damage or theft. That's a relatively uncommon feature on credit cards. If you have a pricey cell phone, it could be reason enough to get this card over a similar cash-back card. 

» MORE: 

Although a rewards rate of 1.5% isn't bad, other cards offer higher rewards.

Take the , for example, which offers an impressive 2% cash back: 1% cash back when you buy something and another 1% when you pay it off. The annual fee is . While it lacks a sign-up bonus and an introductory 0% APR offer on purchases, it comes with a deal on balance transfers: .

Like most cash-back cards, the  comes with foreign transaction fees, which tacks on 3% to every purchase made abroad. If you want a 1.5% cash-back card that doesn't do this, the  is a good option. Aside from 1.5% cash back on all purchases and no foreign transaction fees, it has an introductory APR of . It also comes with a sign-up bonus: .

» MORE:

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

If you're looking for a simple cash-back card and could benefit from cell phone protection and bonus rewards on digital wallet spending, the is a good option. It doesn't come with the richest ongoing rewards or most flexible redemption options, but it offers solid value.