Home » Credit Card Reviews » Which Wells Fargo Card is Right for You?

Which Wells Fargo Card is Right for You?

Which Wells Fargo Card is Right for You?

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Jul 22, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Whether you’re looking for a no-fee card that pays unlimited cash back on every purchase, a card that lets you transfer a balance without charging interest or one that helps you establish credit, Wells Fargo has a credit card for you.

But with so many Wells Fargo cards currently on the market, how do you know which one to choose? We recommend considering a number of factors, including “does the card offer a generous sign-up bonus?” and “can you earn rewards on the categories in which you spend the most?”

In this post, we break down each Wells Fargo card and compare them side by side to help determine which one is the best fit for you.

Comparing Wells Fargo credit cards

Wells Fargo offers a variety of credit card options. Some offer points, while others offer cash back. None of the cards currently charge an annual fee (except the Wells Fargo Secured Visa® Credit Card), allowing you to test one out without a financial commitment.

See how the cards stack up to each other in the table below.

Card Sign-up bonus Rewards rate Annual fee
Wells Fargo Cash Wise Visa® card Earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months Earn unlimited 1.5% cash rewards on purchases $0
Wells Fargo Visa Signature® Card N/A 5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases $0
Wells Fargo Rewards Visa® Credit Card N/A Earn 5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases - enjoy 5 years to use the points you earn $0
Wells Fargo Platinum card N/A N/A $0
Wells Fargo Cash Back℠ College Card 3% cash rewards earned for up to $2,500 spent on gas, grocery, and drugstore purchases for the first 6 months. Enjoy 1% cash rewards for other purchases 1% cash rewards for each $1 spent on all purchases $0
Wells Fargo Secured Visa® Credit Card N/A N/A $25

Now that you know what each card has to offer, read on to learn which card is best suited for you based on your needs and spending habits.

Wells Fargo Cash Wise Visa® card: Best if you want a simple rewards structure

If you want a straightforward approach to earning rewards without the hassle of dealing with rotating bonus categories and spending caps, the Wells Fargo Cash Wise Visa® card is a great option. This flat-rate card lets you earn unlimited 1.5% cash rewards on purchases.

What else we like

Sign-up bonus. As a cardholder, you’ll earn a $150 cash rewards bonus after spending $500 on purchases in the first 3 months of card membership. Plus, earn 1.8% cash back on purchases when using a qualified digital wallet purchases — including Apple Pay and Google Pay — during the first 12 months.

No annual fee. The Wells Fargo Cash Wise Visa® card comes with a $0 annual fee.

What to look out for

Minimum threshold for redemptions. Cash redemptions are only available in increments of $25 by phone or online, and in increments of $20 from a Wells Fargo ATM. You must have a Wells Fargo debit or ATM card to redeem rewards at a Wells Fargo ATM.

Foreign transaction fees. If you use your card outside of the U.S., you will be charged 3%.

Wells Fargo Visa Signature® Card: Best if you want to earn rewards on groceries

The Wells Fargo Visa Signature® Card is a great card if you prefer cooking at home rather than dining out. Additionally, if you have a long daily commute or frequently make purchases at drugstores, this card will reward you for that. The card offers 5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases.

What else we like

50% boost on rewards. You’ll get 50% more value from your rewards when you redeem them for airfare. For example, 20,000 points are worth $200 when redeemed for cash, but worth $300 when redeemed for airfare.

No annual fee. The Wells Fargo Visa Signature card comes with a $0 annual fee.

What to look out for

Limit on bonus rewards. You will only earn the 5-point rewards rate on the first $12,500 spent on gas, grocery and drugstore purchases for the first six months of card membership.

No sign-up bonus. The card does not come with a sign-up bonus, so you’ll have to work a little harder if you want to earn a large influx of rewards in a short period of time.

Wells Fargo Rewards Visa® Credit Card: Best if you want an alternative to the Wells Fargo Visa Signature® Card

The Wells Fargo Rewards Visa® Credit Card and the Wells Fargo Visa Signature® Card are very similar. Along with sharing the same annual fee and introductory APRs, the cards offer the same rewards rate.

What else we like

Rewards rate. Like the Wells Fargo Visa Signature® Card, the Wells Fargo Rewards Visa® Credit Card offers Earn 5x rewards points earned for up to $12,500 spent on gas, grocery, and drugstore purchases for the first 6 months and 1x points on other purchases - enjoy 5 years to use the points you earn.

Intro APR on purchases and balance transfer. The Wells Fargo Rewards Visa® Credit Card offers an intro APR on purchases of 0% for 15 months, then 12.49% to 25.49% (Variable) and an intro APR on balance transfers of 0% for 15 months, then 12.49% to 25.49% (Variable).

No annual fee. The annual fee on the Wells Fargo Rewards Visa® Credit Card is $0.

What to look out for

No 50% boost on rewards. Although the Wells Fargo Rewards Visa® Credit Card offers the same rewards rate as the Wells Fargo Visa Signature® Card, it does not offer 50% more value on rewards when redeemed for airfare.

Higher starting regular APR. Despite sharing the same intro APR on purchases and balance transfers, the starting APR for the Wells Fargo Rewards Visa® Credit Card is slightly higher than that of the Wells Fargo Visa Signature® Card. The Wells Fargo Rewards Visa® Credit Card offers an APR of 12.49% to 25.49% (Variable), compared to an APR of 12.49% to 25.49% variable for the Wells Fargo Visa Signature® Card.

Wells Fargo Platinum card: Best if you plan to finance a large purchase

The Wells Fargo Platinum card offers the longest introductory APR on purchases among these cards, making the card ideal if you’re planning to purchase a big ticket item and pay it off over time (although we do recommend paying off your balance in full each month).

What else we like

No annual fee. The card offers a $0 annual fee.

What to look out for

Balance transfer fee. Although the Wells Fargo Platinum card offers a long intro APR on balance transfers, keep in mind that you will be charged each time you transfer a balance. The card comes with a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; min: $5.

No rewards. The card does not offer a sign-up bonus or a rewards rate.

Wells Fargo Cash Back℠ College Card: Best if you are a college student

The Wells Fargo Cash Back℠ College Card is designed for students. In addition to helping build credit history while in college, the card offers cash back on every purchase. Cardholders earn 1% cash rewards for each $1 spent on all purchases.

What else we like

Build your credit. Because Wells Fargo reports your payment and usage behavior to the major credit bureaus, you can build your credit score by paying your bill on time and by keeping your balance low.

Intro APR on purchases and balance transfers. The Wells Fargo Cash Back℠ College Card offers a 0% for six months on purchases on  purchases, then a 11.15% to 21.15% variable APR applies, and a 0% for six months on balance transfers on balance transfers, then a 11.15% to 21.15% variable APR applies.

No annual fee. The Wells Fargo Cash Back℠ College Card lets you earn cash back and has a $0 annual fee.

Wells Fargo Secured Visa® Credit Card: Best if you want to establish or rebuild credit

If your goal is to establish credit history or beef up a sagging credit score, the Wells Fargo Secured Visa® Credit Card will be your best bet. Once approved for the card, you’ll be required to deposit as little as $300 — which will then be used as your line of credit.

What else we like

Build credit history. Wells Fargo will report your card activity to the major credit bureaus.

Read: Best Cards to Build Credit

Upgrade to an unsecured card. With responsible credit card usage, you may be eligible to upgrade your Wells Fargo Secured Visa® Credit Card to an unsecured Wells Fargo card.

Available to foreign nationals. U.S. citizens, permanent residents and nonresident aliens are all eligible to apply for the Wells Fargo Secured Visa® Credit Card.

What to look out for

Annual fee. You will be charged $25 per year to use this card.

Existing Wells Fargo account. You need to have an existing savings or checking account from Wells Fargo in order to apply for the card online.

The bottom line

The best credit card for you comes down to how you plan to use it. Whether you want to earn bonus rewards on groceries, use your card out of the country without incurring additional fees or build your credit — Wells Fargo has an option for you.

The information related to the Wells Fargo Visa Signature® Card, the Wells Fargo Rewards Visa® Credit Card, the Wells Fargo Cash Back℠ College Card, the Wells Fargo Secured Visa® Credit Card, Wells Fargo Platinum card, and the Wells Fargo Propel American Express® card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


Recommended Posts:

Read More

USAA Rate Advantage Visa Platinum Card Review

If you typically carry a balance on your credit card or if you’re planning to finance a big-ticket item, a low interest rate credit card like the USAA® Rate Advantage Visa Platinum® Card  should be on your radar. The USAA® Rate Advantage Visa Platinum® Card offers a very low starting APR, but beware that the range is quite wide: 6.90% - 23.90% variable. The USAA® Rate Advantage Visa Platinum® Card is only available […]

Read More

Read More

Capital One Platinum Credit Card Review

If you’re looking for a credit card that’s designed for consumers with average/fair/limited credit and could be used to improve your credit score, the Capital One Platinum Credit Card could help you. In addition to offering unlimited access to your credit score, the $0 annual fee card automatically reviews your credit line after six months to see if […]

Read More

Read More

Review of the AAdvantage Aviator Silver World Elite Mastercard®

The DUPLICATE AAdvantage® Aviator® Silver World Elite Mastercard® was one of two Barclays credit cards — the other being the DUPLICATE AAdvantage® Aviator® Red World Elite Mastercard® — that survived after the merger of American Airlines and US Airways in February 2013. American Airlines AAdvantage® loyalty program members searching for a card that offers higher miles per dollar spent on the carrier, along with hotel and car […]

Read More