Wells Fargo Cash Wise Visa Card Review: Convenient Cash Back For Everyone

The Wells Fargo Cash Wise Visa Card is an overlooked card by many — but you’d be wise not to overlook the ease of cashback earnings and cell phone coverage.
5 minute read | 8/14/19Aug. 14, 2019

The Wells Fargo Cash Wise Visa Credit Card is a great go-to card for cashback earnings with no fuss. This card is typically overlooked by many because Wells Fargo isn’t a large player in the credit card market. However, you shouldn’t discount it — as this card packs a punch.

With a respectable unlimited cashback reward — 1.8% cash back on purchases made with a qualifying mobile wallet for the first 12 months, then unlimited 1.5% cash rewards on everyday purchases — the Wells Fargo Cash Wise Visa Credit Card (learn more) will help you see a return on your spending. In addition, the bonus reward for those adapting to mobile payment is very unique. Additionally, the cell phone protection that comes with the card can save you in a sticky situation.

If all this sounds interesting, keep reading this Wells Fargo Cash Wise Visa Credit Card review to find out what this card could do for you.

Great Go-to Card for Cashback Earnings

Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Card

Benefits

  • $150 cash rewards bonus offer
  • 1.8% cash rewards for first 12 month on purchases made with a qualified mobile wallet
  • Unlimited 1.5% cash rewards on everyday purchases
  • 0% Intro APR for first 15 months
  • No annual fee


Who should get this card?

If you’re looking to get started in credit card rewards with a simple, no-annual-fee card to earn cash back without any fuss, this card may be for you.

Some credit cards offer spending categories on specific purchases, such as dining, travel, gas, and entertainment. So, for example, if you spend heavily on gas, you may want to take a look at our list of best credit cards for purchasing gas.

Having multiple credit cards with specific categories can quickly turn into a hassle. But with the Wells Fargo Cash Wise Visa Credit Card, you never have to worry about using various cards for different purchases, as the earnings are the same from your local coffee shop to a car repair. There’s also an additional cashback incentive if you use mobile payment (e.g., Apple Pay, Google Pay).

However, if you’re already experienced with credit card rewards and want to step up your cashback earnings, you might be better off looking at our list of the best cashback credit cards.

Card basics

Annual Fee $0
Intro Bonus $150 cash reward after spending $500 in the first 3 months
Recommended Credit Score Excellent, Good
Intro APR 0% for 15 months
Foreign Transaction Fee 3% of each transaction converted to U.S. dollars

Top card benefits

  • Generous welcome offer: The Wells Fargo Cash Wise Visa Credit Card comes with a generous and obtainable welcome offer. You can earn a $150 cash reward after spending $500 in the first 3 months.
  • Cashback earnings: You’ll earn 1.8% cash back on purchases made with a qualifying mobile wallet for the first 12 months, then unlimited 1.5% cash rewards on everyday purchases. There are no category restrictions or sign-ups needed. The cashback perk with the Wells Fargo Cash Wise Visa Credit Card is as simple as spending and earning. In addition, your rewards won’t expire as long as the account remains open.
  • Mobile payment bonus earning: If you own a smartphone, you can earn up to 1.8% cash rewards when using mobile payment to pay for purchases. For example, if you’re an avid Costco shopper (like me) and you spend $300 a month but pay for it with mobile payment (which Costco accepts), you’ll earn $5.40 by simply using your phone to pay instead of the card. However, this bonus is only applicable during the first 12 months from account opening.
  • Cell phone protection: Let's say you’re paying with your cell phone — and you drop it and break it. Thankfully, the Wells Fargo Cash Wise Visa Credit Card can cover this. If you pay your monthly phone bill with the card, you can receive up to $600 in protection against covered damage or theft of your cell phone. This is subject to a $25 deductible — but that $25 sounds much better than being out hundreds of dollars for a new phone.
  • Intro APR: Lastly, you’ll have an introductory APR (annual percentage rate) of 0% for 15 months on purchases and 0% for 15 months on qualifying balance transfers.

Earning & redeeming

With the Wells Fargo Cash Wise Visa Credit Card, you’ll have the opportunity to earn cash back on all your purchases — but what’s the best way to earn and redeem these rewards?

Best ways to earn

To have the highest earning potential, you should use this card as an everyday card. To maximize your cashback earnings, consider using this card alongside another one that has rewards for spending categories that reflect your expenses. For example, if you spend a decent amount of money on gas and at supermarkets, consider applying for a card like the Blue Cash Preferred Card from American Express and using your Wells Fargo card for all your other purchases.

You can also earn an extra discount off your purchases when using the Earn More Mall shopping portal, which will link you to large retailers offering extra discounts on your orders. For example, let's say you’re shopping at Macy’s. If you go through the Earn More Mall, you’ll get a certain percentage off your order simply by going through the shopping portal. The cash saved will be sent to your cashback rewards account.

Here’s a sample of some of the retailers (as of August 2019) you can shop with when using the Earn More Mall portal:

Wells Fargo Cash Wise Visa Credit Card Portal
As of August 2019


Maximizing your redemptions

There are no special circumstances to your cash back — earn it and it’s yours. However, there are a few rules to redeeming your cash back detailed below:

Common questions

How does Wells Fargo cash back work?

You can redeem your cash back in a few different ways: a statement credit, at a Wells Fargo ATM using your Wells Fargo ATM card in $20 increments, direct deposit into your Wells Fargo checking or savings account, a credit applied to your qualified Wells Fargo mortgage principal balance, or gift cards.

Does the Wells Fargo Cash Wise have a foreign transaction fee?

Yes, it does. The fee is 3% of each transaction converted to U.S. dollars.

What credit score is needed for Wells Fargo Cash Wise Visa Credit Card?

For the best chance of being approved for the Wells Fargo Cash Wise Visa Credit Card, you’ll need to have a good-to-excellent FICO score of 670 or higher.

How do I get cash from my Wells Fargo credit card?

Be sure to give Wells Fargo customer service a call to set up your cash advance PIN. Once that’s completed, you can visit any ATM to access cash. However, you’ll be charged either $10 or 5% of the amount of each advance, whichever is greater.

Other cards to consider

The Wells Fargo Cash Wise Visa Credit Card (learn more) is a fairly standard cashback credit card, and it may be a good fit for someone looking to “dip their toes” into credit card rewards. But if that doesn’t sound like you, there are plenty of other cashback credit cards to consider that will earn you even more on your purchases.

First, consider the Chase Freedom Unlimited. With the Chase Freedom Unlimited, you can earn 3% cash back on the first $20,000 spent in the first year then 1.5% unlimited cash back on all other purchases. If you maximize the $20,000 in spending, that’s a $600 return just in the first year.

Second, take a look at the Citi Double Cash Card. The Citi Double Cash gives you 2% cash back on every purchase. Along with this, you’ll enjoy a 0% intro APR for 18 months on balance transfers completed within 4 months of account opening.

Great Go-to Card for Cashback Earnings

Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Card

Special Offer

$150 cash reward after spending $500 in the first 3 months

See how these cards compare:

Chase Freedom Unlimited
Chase Freedom Unlimited
  • Earn 3% cash back on all purchases (up to $20,000) in the first year
  • 0% Intro APR period on purchases and balance transfers for 15 months
  • No minimum to redeem cash back rewards
  • No annual fee
Citi Double Cash Card
Citi Double Cash Card
  • 0% Intro APR on balance transfers for 18 months
  • 2% Cash back on all purchases
  • Earn unlimited cash back
  • No annual fee

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