Why the Wells Fargo Cash Wise Credit Card Deserves a Place in Your Wallet


There are a dizzying number of credit cards out there, and choosing the right one for your needs can feel like a chore. One great card that may be worth considering for almost anyone is the Wells Fargo Cash Wise credit card.

Cash Wise Credit Card review

In this guide, we’ll be taking a closer look at this card and what it offers. Read our full Wells Fargo Cash Wise review for more details!

Wells Fargo Cash Wise Credit Card At a Glance

  • No annual fee
  • 1.5% cash back on all purchases, with no limit
  • $200 signup bonus after spending $1,000 in first 3 months
  • 0% intro APR for 12 months on purchases and balance transfers
  • After the introductory period, APR ranges from 16.24% to 27.24% depending on credit factors and prime rate
  • For people with good to excellent credit

Overall, the Cash Wise is a very attractive credit card. It offers a pretty good rewards rate of 1.5%, a solid signup bonus of $200, and generous zero-percent APR promos for new members.

Beyond the initial perks, the card is likely a keeper due to some other solid benefits, which we discuss more below.

Cash Wise Visa Rewards: Earning & Redeeming

The Cash Wise Visa earns “cash rewards”, which are part of Wells Fargo’s Go Far Rewards program. These are flexible points that can be used for a variety of worthwhile rewards.


  • 1.5% on all purchases
  • 1.8% on mobile wallet purchases (first 12 months only)
  • Bonus rewards potential from using the shopping portal
  • $200 sign-up bonus after you spend $1,000 in the first 3 months


  • Rewards do not expire as long as your account is open
  • Redeem for statement credits at 1 cent per point ($25 increments)
  • Redeem for cash at Wells Fargo ATM’s at 1 cent per point ($20 increments)
  • Redeem for credit towards Wells Fargo mortgage balance principle
  • Redeem for hundreds of gift card options at 1 cent per point ($25 increments)
  • Redeem for travel costs, auctions, and more

Wells Fargo Cash Wise Visa rewards are pretty straightforward, which is nice. There’s no complicated earning structure, and redemptions are also quite simple. It’s nice that Wells Fargo gives you the full 1 cent per point regardless of how you choose to redeem your rewards. It’s also nice to have so many different options for redeeming points, but in reality, the most useful redemptions for most people will always be cash or statement credits.

There are several cards out there that have a better-earning rate of 2%. That said, this card offers more perks and a higher signup bonus than most 2% cashback cards. Unless you’re a big spender, the 0.5% difference probably won’t add up to very much.

Cash Wise Credit Card Benefits

In addition to the above-average, uncomplicated rewards earning structure, the Cash Wise also has some significant side perks.

Cell phone insurance: The Cash Wise Visa offers cellular telephone protection. Basically, if you pay your cell phone bill each month with your Cash Wise card, your phone is protected from theft or damage. You are covered for up to $600 per claim, and the deductible is only $25. This perk alone is significant, as third-party cell phone insurance is usually $10/mo or more. Very few other credit cards offer this benefit, so this is a noteworthy perk of the Cash Wise Visa.

Account protections: The Cash Wise Visa has many protections on the account to keep your financial information secure. It has 24/7 fraud monitoring, zero liability for unauthorized transactions, 24/7 security alerts, and more. These perks are pretty standard for most credit cards, but are still very nice to have.

Introductory APR offer: For the first 12 months, you’ll pay a 0% APR on both purchases and balance transfers. You’ll still have to pay the 3% balance transfer fee, but this could still save you a decent amount on interest should you be carrying a credit card balance on another card.

Mobile wallet rewards bonus: For the first 12 months of card membership, you will earn a 20% bonus on all purchases made using mobile wallets like Apple Pay and Google Pay. This means you’ll earn 1.8% cashback on mobile wallet purchases during the first 12 months, and 1.5% after that.

Shopping portal bonus: Cash Wise cardholders gain access to the Earn More Mall® where you can do online shopping and earn bonus points. Examples include an extra 1% back at Walmart, eBay, Lowes and many more. These bonus rewards are on top of the standard 1.5% cashback. Bonus earning rates vary, but you can see all the offers here.

You can see the full terms and conditions here.

Wells Fargo Cash Wise Visa Credit Card Review

So, you know the basics now – but is this card actually worth applying for and using?

We think so.

The card has a lot going for it right out of the gate: a solid $200 signup bonus (excellent for a no-annual-fee card), an above-average 1.5% rewards rate, and significant perks like cell phone insurance.

Now this wouldn’t be an honest Cash Wise Visa review without mentioning some of the downsides.

For one, there are definitely cards out there that have better rewards. One example would be the Citi Double Cash, which earns 2% on all purchases (but offers no signup bonus). This isn’t a huge deal, because the $200 signup bonus likely more than outweighs that 0.5% difference, unless you’re a big spender.

Second, the elephant in the room: Wells Fargo has had some significant scandals in recent years. They are working hard to clean up their image and serve their clients better, but it’s definitely worth keeping in mind that this bank has had their fair share of controversy recently. If you look at third party Cash Wise reviews, you’ll see that several people complain about the trustworthiness of Wells Fargo, or about difficulty in receiving their signup bonus.

With all that said, it seems that Wells Fargo is genuinely trying to resolve their internal issues, and will likely be focusing more on keeping their customers happy from here on out.

Cash Wise Card Bottom Line

In the end, the Wells Fargo Cash Wise Visa is a very solid card all-around. It’s got good rewards earning rate, excellent rewards redemption options, good perks, and a lucrative signup bonus – all with no annual fee.

We would recommend the Cash Wise Visa for anyone looking for a simple “daily driver” credit card to use for everyday purchases. It’s also great for folks carrying a balance on another card, because of the 12 month 0% APR offer. We’d also recommend it for anyone who doesn’t already have cell phone insurance, as the included coverage on this card is easily worth $100/year, every year.

If you’re someone who spends a lot of money on credit cards (say, more than $2,500 a month), you may be better off with a flat 2% rewards card. Likewise, if you’re hesitant to use the card due to Wells Fargo’s scandals, there are certainly other great cards out there from different banks.

Bottom line: The Wells Fargo Cash Wise Visa is solid all-around credit card that deserves a place in your wallet.