Wells Fargo Cash Wise Visa Card Review

Wells Fargo Cash Wise Visa Card Review

We’ve done extensive research for this Wells Fargo Cash Wise Visa Card review so you can easily understand all the ins and outs of this popular rewards credit card.

If you’re looking for a reliable credit card with great rewards, the Wells Fargo Cash Wise Visa card is a great choice. It offers a straight forward, unlimited 1.5% cash back rewards on all purchases.

In addition, cardholders earn rewards automatically. You don't have to worry about signing up for rotating rewards categories. This saves you time and helps you earn rewards fast.

Financial Samurai is the most popular personal finance blog today. Our product reviews are easy to read, informative, and designed to help you make well-informed financial decisions for financial success.

The Cash Wise Credit Card = 5 Stars

The unlimited 1.5% flat-rate cash back rewards offered by the Wells Fargo Cash Wise Visa Card is wonderfully simple. Unlike other cash back rewards cards, this card lets you earn an unlimited amount of points.

Many other rewards cards stop earning points after you spend a certain amount each month. With the Cash Wise card, none of your spending will go unrewarded!

It's also offers more cash back at 1.5% than the average cash back credit card offering of only 1%. In addition, I strongly prefer flat-rate rewards to other card types such as rotating cash back credit cards. Flat-rate cards are very user-friendly and the automated points are convenient.

Unlike other rewards credit cards, you don’t have to worry about which categories your spending falls into each quarter to earn bonuses. Nor do you have to sign up to earn rewards on a quarterly basis. Everything you purchase with the Wells Fargo Cash Wise Card earns 1.5% cash back automatically.

Quick Summary Of Benefits: Wells Fargo Cash Wise Visa

  • 0% introductory APR on qualifying balance transfers for 15 months
  • 0% introductory APR on purchases for 15 months as well!
  • Get a $150 cash bonus reward if you spend $500 in the first 3 months
  • 1.5% cash back on every purchase
  • Rewards are unlimited, ie no spending caps
  • 1.8% cash back on select digital wallet purchases for the first 12 months (ex. Apple Pay, Google Pay)
  • No annual fee

We research and review hundreds of credit cards on FinancialSamurai.com and the Wells Fargo Cash Wise Visa credit card is on four of our our best credit card lists:

Happy Customers & Convenience

The great thing about Wells Fargo is they are a very well known, reliable issuer and bank. They are considered one of the “Big Four Banks” in the US alongside Citigroup, Bank of America, and JPMorgan Chase.

Wells Fargo has over 70 million customers around the world in ~35 countries, more than ~8,000 branch locations and 13,000+ ATMs.

So you can bet that you'll be well taken care of. With the Cash Wise card, you can easily get support 24/7. And you can relax with important card benefits like around the clock fraud monitoring and Zero Liability protection if your card is ever lost or stolen.

I'm a customer of Wells Fargo myself due to my latest mortgage refinance. I refinanced my primary loan to a 7/1 ARM at 2.625% with no fees. The refinance took a little over four months. This was longer than I'd hoped, but worth it. Wells Fargo gave me a better rate than any other bank. And now I'm able to save thousands of dollars thanks to their offering.

If you are a Wells Fargo customer, like I am, then it’s great to have a Wells Fargo credit card as well. The more financial accounts you have open with one bank, the more rewards you can get. And the better you should be treated by the bank. One of your goals should be to get to the highest level status as possible at your bank.

Reasons To Get The Wells Fargo Cash Wise Visa Credit Card

Interested in signing up for the Wells Fargo Cash Wise Visa Card? You'll typically need to have a credit score of 690 and up to get approved. The card provides a nice sign-up bonus, 0% APR for the first 15 months, and has no annual fee.

Welcome Bonus: $150 cash reward after spending $500 in first 3 months; 0% introductory APR for the first 15 months.

Annual Fee: $0! Many other rewards cards charge $95 and up each year.

Lifetime Rewards: Unlimited 1.5% on purchases automatically.

Perks: Get 1.8% cash rewards on qualified digital wallet purchases with Apple Pay and Google Pay for the first 12 months.

Flexibility: Rewards do not expire as long as your account is active so you can redeem whenever you want for whatever you want.

Simple: Other rewards credit cards have complex and cumbersome rewards programs. The Wells Fargo Cash Wise card is so easy because rewards are earned automatically every single time you use your card.

Multiple Ways To Redeem: You can redeem cash rewards at Wells Fargo ATMs worldwide using your Wells Fargo Debit or ATM card in $20 increments. You can also have rewards deposited directly into your WF checking, savings, or mortgage account, by phone, mobile, desktop or in person.

Other Perks: Up to $600 protection for damage or theft for your cell phone ($25 deductible). The only catch is you need to pay your phone bill with your Cash Wise card. This is the only credit card I've seen that offers this perk. Since we all have mobile phones, and have somehow or another damaged our phones, this perk is great!

A Few Things To Note

Note: if you've opened a WF credit card within the last 15 months from the time you apply to the Wells Fargo Cash Wise Visa credit card and received intro bonuses or rewards, you might not be eligible for the intro promotions on this card.

This type of restriction is very common with most banks because it helps protect consumers from opening too many credit cards over and over again just for the introductory bonuses.

Who is this card great for? People who love their mobile phones and are existing Wells Fargo banking customers or those who plan to open up savings/checking/mortgage/investment accounts with Wells.

Learn More And Apply Today

This wraps up our Wells Fargo Cash Wise Visa Card review. It's a 5-star cash back rewards credit card that makes it super easy to earn extra money whenever you use your card.

About the Author: Sam worked in investment banking for 13 years at Goldman Sachs and Credit Suisse. He received his undergraduate degree in Economics from The College of William & Mary and got his MBA from UC Berkeley.

In 2012, Sam was able to retire at the age of 34 largely due to his investments that now generate roughly $250,000 a year in passive income. His main passive income focus is on real estate crowdfunding to take advantage of cheaper valuations and higher cap rates in the heartland. He spends time playing tennis and taking care of his family.

Financial Samurai was started in 2009 and is one of the most trusted personal finance sites on the web with over 1.5 million pageviews a month. Check out his top financial products for more.