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Shopping for a flat-rate cash back credit card? Consider the no-annual-fee Wells Fargo Cash Wise Visa® Card.
There are two kinds of cash back credit cards out there: Cards that pay you back a flat percentage of every purchase and cards that pay back higher percentages of the dollars you spend in specific categories. While you can usually earn more with category-specific cards, the difference isn’t as much as you might think if you’re not a high-rolling spender. Flat-rate rewards cards are appealing for their simplicity.
The Cash Wise Visa®’s $200 sign-up bonus if you spend $1,000 in the first three months is one of the best sign-up bonuses on cash back credit cards; many cash back competitors only offer a $150 sign-up bonus.
In addition to competitive 1.5 percent cash back on all purchases and the $200 sign-up bonus when you spend $1,000 in the first three months, the Cash Wise Visa® comes with a few perks other 1.5 percent cash back cards don’t.
- Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
- Earn unlimited 1.5% cash rewards on purchases
- Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
- No category restrictions or sign ups and cash rewards don’t expire as long as your account remains open
- Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
- 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 16.24%-28.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
- $0 Annual Fee
- Select “Apply Now” to learn more about the product features, terms, and conditions
- See additional Wells Fargo Cash Wise Visa® Card details
|Regular APR||Annual Fee|
|0%||12 months||0%||12 months||16.24%-28.24% (Variable)||$0|
Wells Fargo Cash Wise Visa® Card rewards
The Wells Fargo Cash Wise Visa® Card gives you 1.5 percent cash back on all purchases.
By itself, the cash back rate makes this card competitive, but not a stand out. You can choose from plenty of no annual fee cards that offer 1.5 percent cash back like Barclaycard Cash Forward or Chase Freedom Unlimited. But the Wells Fargo card has a couple of other features that set it apart.
$200 sign-up bonus
First of all, there’s the sign-up bonus. If you spend $1,000 on the card in the first three months from opening your account, you’ll earn a $200 cash rewards bonus. Compare that to a competing cash back card like the Bank of America® Cash Rewards credit card which gives you a $200 bonus if you spend $1,000 within three months or 90 days of account opening,
Mobile payment rewards bonus
If you already use mobile payments—either Google PayTM or Apple Pay®—the Wells Fargo Cash Wise Visa® Card will give you 1.8 percent cash back on purchases made with your card through either payment network for the first 12 months. If you don’t yet use Google PayTM or Apple Pay®, that could be a nice incentive to sign-up.
Cell phone insurance
The Cash Wise Visa® offers another unique and truly valuable feature—cell phone protection. Similar to the insurance you can purchase through your wireless carrier, this card will reimburse you up to $600 if your mobile phone is stolen or damaged (minus a $25 deductible). There’s no fee for this protection, but to take advantage you’ll need to pay your wireless bill with the Cash Wise Visa® card each month. With typical phone insurance premiums running $10 to $15 a month, this benefit alone could save you up to $180 a year if it allows you to cancel a policy you’re already paying.
Earn More Mall®
Finally, you can even earn extra rewards when you shop Wells Fargo’s Earn More Mall® . Through this website, you can earn extra cash back while shopping at popular e-commerce sites. We like that it includes the Apple store, where you get 2 percent cash back.
Wells Fargo Cash Wise Visa® Card: Other features
Although not necessarily unique, the Wells Fargo Cash Wise Visa® Card comes with other important features you would expect from a competitive rewards card, such as purchase protection and rental car damage insurance.
The Wells Fargo Cash Wise Visa® Card comes with 24/7 fraud monitoring and a zero liability program that protects you if unauthorized charges are made on your card. You’ll also receive rapid alerts to track purchases and receive notifications of irregular or suspicious activity.
As with many (but not all) credit cards, you’re also eligible for rental car collision and damage insurance up to the cash value of the rental vehicle, subject to limitations.
The fine print
|Wells Fargo Cash Wise Visa® Card|
|Intro APR, Purchases||0% for 12 months|
|Intro APR, Balance Transfers||0% for 12 months|
|Balance Transfer Fee||3% for 120 days, then 5%|
|Regular APR||16.24%-28.24% (Variable)|
|Cash Advance APR||See terms|
|Foreign Transaction Fee||3%|
The Wells Fargo Cash Wise Visa® Card is a solid choice for a flat-rate cash rewards credit card.
If you’re looking for a card that offers decent, consistent cash back and great all-around protection, this card is for you. You’ll get extra value from the card if you can spend $1,000 within the first three months to earn the $200 sign-up bonus and if you can take advantage of the included cell phone insurance by paying your cellular bill with the card.
Learn more: Apply for the Wells Fargo Cash Wise Visa® Card now.