Cash Wise Visa® from Wells Fargo Review
Cash Wise Visa® from Wells Fargo — all information about the credit card.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
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Wells Fargo Cash Wise Visa® Rewards Calculator
All benefits
- Cash back
- 2% Сash Back for every $1 spent in net purchases (purchases minus returns/credits) on the credit card account.
- Travel
- Cell phone protection:
- If you use the Wells Fargo credit card for your cell phone payments, you receive additional protection against theft or damage. This is an up to $600 maximum benefit (after a $25 dollar deductible) that is paid out after your other cell phone insurance options have been exhausted.
- Emergency Cash Disbursement and Card Replacement:
- Visa credit cardholders can get an emergency cash advance disbursed or a card replaced within one to three business days, in some cases, within 24 hours, after issuer approval. This benefit is available on all Visa credit cards.
Rate and fee information
- Purchase Intro APR
- 0% Introductory APR for 15 months from date of account opening.
- Purchase APR
- 14.49% - 24.99% Variable APR.
- Intro Balance Transfer APR
- 0% Introductory APR for 15 months from date of account opening.
- Balance Transfers APR
- 14.49% - 24.99% Variable APR.
- APR for Cash Advances
- 23.99% - 25.99% Variable APR.
- How to Avoid Paying Interest
- Your due date is at least 25 days after the close of each billing period. You will not be charged interest on purchases if you pay your entire balance by the due date each month.
Fees
- Annual Fee
- $0
- Fees for Balance Transfer
- Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5.
- Fees for Cash Advances
- Either $10 or 5% of the amount of each advance, whichever is greater.
- Return Payment
- Up to $40
- Late Payment
- Up to $40
- Return Check
- Up to $40
Pros & Cons
- No annual fee
- Cashback reward program
- Cell phone protection/insurance
- Welcome bonus
- 0% APR introductory offer
- Foreign transaction fee
- Balance transfer fees
- Minimum redemption amount
Features
- 0% Intro APR
- Low interest
- No Annual Fee
- Cashback
- Payment Flexibility
- Fraud Protection
- Rewards
- Purchase Protection
- Travel
- Good Credit
- Excellent Credit
About the issuer
Compare with other cards
- NoneAnnual Fee
- 19.99% - 29.99%Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
- 0% Introductory APR for the first 15 months that your account is openPurchase Intro APR
- NoneAnnual Fee
- 19.99% - 29.99%Regular APR
- 10%Cash Back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024.
- NonePurchase Intro APR
- *see terms*Annual Fee
- 35.90%Regular APR
- This card doesn't offer cash back, miles or points.
- NonePurchase Intro APR
See Another Credit Cards in the Bank
Cash Wise Visa® Credit Card Review
Wells Fargo Cash Wise Visa® Card offers unlimited 1.5% cashback, a welcome bonus, 0% introductory APR on balance transfers and purchases, and no annual fee. Cardholders get an initial credit limit of at least $1000.
Your application stands a higher chance of getting approved if your credit score is at least 700.
Cash Wise Visa®: Pros and Cons
| Pros: | Cons: |
|---|---|
| No annual fee. Cash Wise Visa® Card comes with no annual fee. | Foreign transaction fee. There is a 3% fee on all foreign transactions. The amount is charged in US dollars. |
| Cashback reward program. During the first 12 months, you get 1.8% cashback on all mobile wallet purchases (applies to Apple Pay and Google Pay). Other purchases have a 1.5% cashback. | Balance transfer fees. Cash Wise Visa® Card has a 3% fee on balance transfers during the first 120 days and 5% afterward. The minimum balance transfer fee is $5. |
| Cell phone protection/insurance. If you pay your cell phone bills using your Cash Wise Visa® card, you get cell phone protection of up to $600 if damaged or stolen. | Minimum redemption amount. Customers can redeem their rewards: in $25 increments via phone or online; in $20 increments via a withdrawal from a Wells Fargo ATM. |
| Welcome bonus. There is a welcome bonus of $150 if you spend at least $500 within the first 3 months. For most customers, this bonus requirement is within reach. | |
| 0% APR introductory offer. This applies to the purchases and balance transfers made during the first 15 months. There are quite a few cashback credit cards that have such an offer. |
Rewards system in a nutshell
The Wells Fargo Cash Wise Visa® Card has an average cashback reward rate. You get a flat rate 1.5% cashback on every purchase.
As a part of GoFarRewards program, some merchants offer up to 10x bonus rewards on purchases you make through the Earn More Mall.
How to redeem the points
There are various ways to redeem your rewards. Some of the available options include:
- Cash - you can redeem your rewards by withdrawing cash from the Wells Fargo ATMs. However, the cash rewards withdrawals can be made in $20 increments only, which could be inconvenient for some customers.
- Direct Deposit - customers can transfer their cash rewards to a Wells Fargo savings or checking account.
- Paying mortgage - customers that have mortgages offered by Wells Fargo can also use their reward points to pay for the mortgage.
- Charity donations - you can use the rewards to make donations to charity.
- Gift cards - you can redeem your rewards to get a gift card (either physical or electronic).
- Travel - you can redeem cashback on GoFar Rewards into flights, hotel stays, and renting cars.
GoFar Rewards also allows you to redeem cashback for merchandise.
Ways to maximize the rewards system
During the first 3 months of account opening, you get a one-time bonus offer of $150. You may consider using your Cash Wise Visa® Card for all regular purchases so that you reach the $500 minimum requirement to qualify for the bonus offer.
You may consider using Google Pay or Apple Pay for your purchases to earn an additional cashback for a total of 1.8% during the first year of account opening.
Wells Fargo Cash Wise Visa® Card offers phone protection of up to $600 if you pay your phone bills using the card. It's a very nice and unique benefit, especially when provided by a credit card.
Who can benefit from getting the Cash Wise Visa® Credit Card?
This saves you time planning purchases and dealing with multiple credit cards. Extra cashback on mobile wallet transactions and cell phone protection can be appealing to a younger audience.
Are there any other benefits?
- Auto rental collision damage waiver - cardholders get secondary coverage against theft or vehicle damage due to collision. You simply need to pay for car rentals using your card.
- Travel and emergency assistance - cardholders get access to travel and emergency services that include translation services and emergency transportation.
- Roadside dispatch - cardholders do not require a membership fee to get roadside assistance when necessary. You simply pay a service call fee.
- Travel accident insurance - get up to $150,000 in travel accident insurance if Cash Wise Visa® Card was used to pay the fare.
- 24 hours fraud monitoring - Wells Fargo monitors your account for suspicious activity and alerts you if fraud is detected.
Conclusion
Wells Fargo Cash Wise Visa® Card comes with a flat rate 1.5% cashback and no annual fee. It is designed for customers who love simplicity and don’t like to track different rewards categories. The card also offers 0% introductory APR for 15 months on both purchases and balance transfers.
Wells Fargo Cash Wise Visa® Card offers appealing introductory bonuses and benefits as well. A sign-up bonus of $150 for $500 spending within 3 months from card opening is easily achievable, and the opportunity of earning 1.8% cashback for using mobile wallet apps is an additional plus for the card.
FAQ
What is the customer service phone number for Cash Wise Visa® Credit Card?
Wells Fargo offers customer service 24 hours a day, every day. Their customer service numbers are listed below:- General Banking (1-800-869-3557)
- Account Management (1-800-642-4720)
- Application Status for Wells Fargo Visa® Credit Cards (1-800-967-9521)
How to check my application status for Cash Wise Visa® Credit Card?
You can check your application status at a dedicated webpage. You would need to have either a login/password from your Wells Fargo account or an access code you received when you submitted your application.
- $39Annual Fee
- 29.99%Regular APR
- 5%Cash Back on hotels and rental cars booked through Capital One Travel.
- NonePurchase Intro APR