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3.7/5.0 from 162 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee
Balance Transfer Fee
3% Intro for 12 months, then 5%
Cash Advance Fee
The Wells Fargo Cash Wise Visa® Card is a decent option for the shopper who wants to earn cash back but doesn’t want to deal with rotating categories, activation or spending caps. This card has no annual fee and offers unlimited 1.5% cash rewards on everyday net purchases. That’s a consistent rate for all purchases, however, it isn’t the highest cashback rate when compared with competitors’ offerings.
You can easily find other cards that offer a flat rate of 2% cash back — or even up to 6% in certain categories. But, those cards may come with an annual fee. Check out other cashback cards if you want to earn the most cash back. Also, if you want to save money during a 0% intro APR period, this card doesn’t have the best offer on the market; others offer longer intro periods or $0 intro transfer fees.
The Wells Fargo Cash Wise Visa® Card doesn’t really have any noteworthy features. It offers your free FICO® Score, but this has become standard for most cards. The cellphone protection is a good feature that provides peace of mind if your phone is damaged or stolen.
This card has a mediocre cashback rate that isn’t as high as competing cashback cards’ rates. You can find a higher rate with cards like Citi® Double Cash Card – 18 month BT offer. This card also charges a foreign transaction fee of 3% so you should not use this card when traveling abroad.
The Wells Fargo Cash Wise Visa® Card has two additional card benefits beyond the cashback program:
The Wells Fargo Cash Wise Visa® Card should be used for everyday purchases. If you frequently use Android Pay™ or Apple Pay® mobile wallet, purchases made during the 12 months after account opening will earn a higher 1.8% cashback rate. To maximize your rewards, it may be beneficial to pair this card with another cashback card that will earn you a higher cashback rate in certain categories, like gas or groceries.
To earn the Cash Rewards Bonus, make sure to spend the required amount in the given time period: $200 cash bonus after spending $1,000 in the first 3 months If you plan on making a large purchase or transferring a balance, do it as soon as possible so you can use the majority of the intro period.
The Wells Fargo Cash Wise Visa® Card offers unlimited 1.5% cash rewards on everyday net purchases. There are no category restrictions or signups needed to earn cash back. During the first 12 months from account opening, you will earn 1.8% cash rewards on Android Pay™ or Apple Pay® mobile wallet purchases. This allows you to earn additional cash back on select purchases for a limited time.
Cash rewards can be redeemed for merchandise, physical and electronic gift cards, travel, cash, digital rewards and charitable donations. Cash redemption options by phone or online are redeemable in $25 increments only. Cash redemptions by withdrawal from a Wells Fargo ATM or a rewards redemption to an eligible Wells Fargo account from a Wells Fargo ATM are redeemable in $20 increments only. Note: You must have a Wells Fargo Debit or ATM card in order to redeem rewards at a Wells Fargo ATM.
There is a Cash Rewards Bonus of $200 cash bonus after spending $1,000 in the first 3 months that can increase your cash back during the first few months of card opening.
The Wells Fargo Cash Wise Visa® Card and the Citi® Double Cash Card – 18 month BT offer differ in cashback rate, sign up bonus, and purchase intro rate. The Citi® Double Cash Card – 18 month BT offer is a better option for those who want to earn more cash back since you will earn 1% cash back when you buy and 1% cash back as you pay for those purchases compared to the unlimited 1.5% cash rewards on everyday net purchases you earn with the Wells Fargo Cash Wise Visa® Card. This is a significant gap that can mean the difference between hundreds of dollars in cash back.
The Wells Fargo Cash Wise Visa® Card has a sign up bonus and although there is no bonus with the Citi® Double Cash Card – 18 month BT offer, you will still earn more money with the Citi® Double Cash Card – 18 month BT offer in the long run.
The main area where the Wells Fargo Cash Wise Visa® Card comes out ahead is the 0% intro period for purchases at 0% for 12 months, since the Citi® Double Cash Card – 18 month BT offer does not have an intro period for purchases. Here is a breakdown of the key elements of each card:
|Wells Fargo Cash Wise Visa® Card||Citi® Double Cash Card – 18 month BT offer|
|Purchase Intro Rate||0% for 12 months||N/A|
|Balance Transfer Intro Rate||0% for 12 months||0%* for 18 months on Balance Transfers*|
|Balance Transfer Fee||3% Intro for 12 months, then 5%||3% of each balance transfer; $5 minimum.|
|Ongoing APR||14.49%-26.49% (Variable)||14.99% - 24.99%* (Variable)|
|Rewards||Unlimited 1.5% cash rewards on everyday net purchases||1% cash back when you buy and 1% cash back as you pay for those purchases|
|Sign Up Bonus||$200 cash bonus after spending $1,000 in the first 3 months||No bonus|
|Foreign Transaction Fee||3%||3%|
The Wells Fargo Cash Wise Visa® Card is a below-average card that offers a subpar cashback program and few additional cardmember perks. If your goal is to earn a high cashback rate, look to other cards that can increase your rewards.
Unlimited 1.5% cash rewards on everyday net purchases
$0 Fraud Liability
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Extended Warranty Program
Flight Accident Insurance
Lost Luggage Reimbursement
162 Total Ratings