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Wells Fargo Cash Wise Visa® Card review

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A no-annual-fee cashback card that comes with a long intro APR period on purchases and transfers.

finder.com’s rating: 4.6 / 5

★★★★★

  • Get this card if you want to earn cash back and pay no annual fees.
  • Pick something else if you’re looking for a higher cash back on specific categories.
  • Apply with a good to excellent credit score of 670 or higher.

$150

Welcome offer

Up to 1.5%

Cash back

$0

Annual fee

0%

Intro purchase APR

for the first 15 months (then 13.99% to 25.99% variable)

Details

Product NameWells Fargo Cash Wise Visa® Card
Card typeVisa
Annual fee$0
Purchase APR0% intro for the first 15 months (then 13.99% to 25.99% variable)
Balance transfer APR0% intro for the first 15 months (then 13.99% to 25.99% variable)
Balance transfer feeIntro fee of $5 or 3% of the transaction, whichever is greater for the first 120 days (then $5 or 5%)
Cash advance rate23.99% to 25.99% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction fee3% of the transaction value
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $37

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Wells Fargo Cash Wise Visa® Card is a simple credit card that comes with unlimited cash back on all purchases. If you use Apple Pay or Android Pay, you’ll get higher cash back during your first year. As an additional perk, the card has a long intro APR period on balance transfers and purchases and it has no annual fee.

Furthermore, you get a decent cash reward bonus once you spend $500 within the first 3 months of card membership, which is relatively easy to achieve compared to other credit cards.

How to apply for the Wells Fargo Cash Wise Visa® Card

  1. Visit Wells Fargo website and select the Wells Fargo Cash Wise Visa® Card from the list of cash back cards. Click Apply now.
  2. If you’re an existing Wells Fargo customer, enter your login details. Or click Continue.
  3. Fill out the form with your personal and financial information.
  4. Review the application and submit it.

How long will it take to get my Wells Fargo Cash Wise Visa® Card?

Usually, you get a decision within a minute of submitting your application. If additional information is required it could take a few business days up to a few weeks to receive a decision. Upon approval, you’ll get your card in seven to 10 business days by mail.

The perks

  • Signup bonus.

    Earn after spending $500 within the first 3 months from account opening. Redeem the bonus within one to two billing cycles after the first 3 months have passed.

  • Earn cash back.

    Earn unlimited 1.5% cash back on all purchases. If you use the Android Pay or Apple Pay mobile wallet, you’ll earn 1.8% cashback for the first 12 months of card membership.

  • Intro APR period.

    Get a 0% intro APR period on purchases and balance transfers for 15 months following your account opening. After that, a variable APR of 13.99% to 25.99% will apply. This could be useful if you’re looking to make a large purchase or if you want to transfer your balance from another account.

How much cashback rewards can I earn with the Wells Fargo Cash Wise Visa® Card?

For annual spending of $17,000, you would earn $255. If you clear the signup bonus, the cash back for the first year would grow to $455.

Compare Wells Fargo cash back cards

You’ll also like …

  • No annual fee.

    All of the cash back you earn will be a bonus, as you’ll pay no annual fee to own the card.

  • Fraud monitoring and zero liability.

    Report your unauthorized transactions to Wells Fargo and you won’t be held liable. Also, the bank monitors accounts 24/7 for suspicious activity.

  • Cell phone protection.

    Use this card to pay for your monthly cell phone bill and receive Wells Fargo phone protection of up to $600 against damage and theft, with a maximum of two claims per year.

  • Car rental insurance.

    Get auto coverage against theft and collision damage when you pay for your car rental with your card.

Case study: Jing’s experience

profile pic

Jing Jun Ma
Innovations Expert

Well Fargo’s Cash Wise is a solid card with no real drawbacks, but it’s not particularly outstanding either.

I got the card for the 0% intro APR and the cash back after spending $500 in the first 3 months. As far as signup bonuses go, Cash Wise offers less than most competing cards. But I’m not going to complain about free cash back.
If I had to name three things I like about the card, they’d be:

  1. The signup bonus.
  2. The neon card looks great in my wallet — good contrast to the other darker cards I have.
  3. It’s easy to view and find my current FICO Score through my online account.

What to watch out for

  • Foreign transaction fees.

    For each transaction you make when traveling abroad, you’ll pay a 3% fee. It may not seem like much, but it can quickly add up over a trip spanning several days.

  • Late payment fees.

    Try to make your payments on time, otherwise, you’ll pay up to $37 for late and returned payments. On the positive side, there’s no penalty APR. Other cards have a penalty APR of up to 30% that can last indefinitely.

Compare similar cashback credit cards

Name Product Filter values Rewards Purchase APR Annual fee
Blue Cash Everyday® Card from American Express
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
0% intro for the first 15 months (then 13.99% to 23.99% variable)
$0
Get 3% cash back on groceries on up to $6,000 annually (then 1%) with no annual fee. This is a simple and effective rewards card. Rates & fees
Chase Freedom Flex℠
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Blue Cash Preferred® Card from American Express
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
0% intro for the first 12 months (then 13.99% to 23.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees
Citi® Double Cash Card
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
13.99% to 23.99% variable
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
Chase Freedom Unlimited®
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.
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How does a balance transfer work with this card?

You get a 0% intro APR period on balance transfers for 15 months following your account opening. After that, your rate reverts to a variable 13.99% to 25.99%.

For each balance transfer you make within the first 12 months, you’ll pay a fee of either $5 or 5% of the transaction, whichever is greater. After that, you’ll pay up to 5%. This means a balance transfer of $1,000 will cost you $50 in fees after the first year has passed.

What to know before you apply

To apply for the Wells Fargo Cash Wise Visa® Card, you must be at least 18 years old and a US citizen or resident.

You’ll need to provide details, such as:

  • Your full name and contact information.
  • Date of birth and Social Security number.
  • Employment status and gross annual income from all sources.

At this point, you can add an authorized user or request a balance transfer.

What credit score do I need?

You have a better chance of application approval with a credit score of 670 or higher. Also, you can get a lower APR and a higher credit line with a better credit score.

Wells Fargo Cash Wise Visa® Card reviews and complaints

Most complaints relate to the long waiting time to get your signup bonus — up to two billing cycles after the first 3 months have passed. Also, some customers complained about the low credit limit they received. But overall, most customers consider this a decent cashback card.

The Better Business Bureau has yet to rate or accredit Wells Fargo.

I got the card. Now what?

  • Download the Wells Fargo Mobile app. To monitor your account, pay your bills, access your FICO® score and more.
  • Avoid interest. Make sure that you understand when your intro APR expires. Paying off your outstanding balances from purchases and balance transfers before this happens can help you avoid unnecessary interest.
  • Customer service. For support, call 800-642-4720. Or contact the bank via Twitter @WellsFargo or Facebook @WellsFargo.

How do I redeem rewards from Wells Fargo Cash Wise Visa® Card?

You can choose from several ways to redeem your cashback rewards, including:

  • Withdraw cash. Use your Wells Fargo ATM or debit card to withdraw cash rewards in $20 increments or walk into a branch for cash redemption.
  • Deposit into Wells Fargo account. Make direct deposits to your Wells Fargo savings or checking account.
  • Mortgage payment. Apply the rewards as a credit to your qualified Wells Fargo mortgage principal.

With Wells Fargo’s new online tool Cash Track you can set a cash redemption target and monitor your earnings using your online rewards account.

Bottom line

This is a simple credit card that offers a flat cashback rate on all purchases, a long intro APR period on balance transfers and purchases and you won’t pay an annual fee. And, unlike similar cashback cards, with the Wells Fargo Cash Wise Visa® Card you get multiple redemption options.

Check out other cashback credit cards and balance transfer cards before you apply for this one to get the best fit for your financial needs.

Frequently asked questions

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Images: wellsfargo.com

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