Wells Fargo Cash Wise Visa® Card

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Claire Dickey @ClaireDickey  in  Cash Back How we rate our cards  |  Advertiser Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

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Annual Fee:
Purchase Intro APR:
0% for 12 months
Balance Transfer Intro APR:
0% for 12 months on qualifying balance transfers
Regular APR:
15.49%-27.49% (Variable)
Terms and Restrictions Apply | Rates and Fees

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The information related to the Wells Fargo Cash Wise Visa Card and the Wells Fargo Visa Signature Card has been collected by Bankrate and has not been reviewed or provided by the issuer or provider of this product or service.

Are you interested in a no annual fee cash back rewards card, free from rotating bonus categories and activation? The Wells Fargo Cash Wise Visa Card will earn you an unlimited 1.5% cash back on every purchase and a $200 cash back bonus when you spend $1,000 within three months of account opening.

This card has a lesser rewards structure compared to other cash back cards, but the $200 sign-up bonus is hard to beat in terms of a low qualifying spend.

Here are the details:

One of the biggest perks of the Cash Wise Visa lies in the 20% bonus on mobile wallet transactions for your first year of card ownership. This means you’ll receive 1.8% cash back when using Apple Pay® or Google Pay™ for purchases. Plus, there’s no fee for using your qualifying mobile wallet to pay.

In addition to this perk, Wells Fargo recently increased the card’s sign-up bonus value from $150 to $200 cash back. All you have to do is spend $1,000 within your first three months of account opening.

Is this card right for you?

The Cash Wise Visa offers a 0% introductory APR on purchases for 12 months and on qualifying balance transfers (16.24% to 28.24% variable thereafter), meaning you’ll have 12 months, on qualifying balance transfers, to pay off any transferred balance or large purchases without paying interest. One downside is you’ll be charged a 3% balance transfer fee ($5 minimum) for your first 120 days of card ownership. After 120 days, the fee jumps to 5% ($5 minimum).

For example, if you have $3,000 worth of debt on another credit card that you transfer to the Cash Wise Visa, you could make 12 monthly payments of $250 and erase the debt while paying zero interest. Due to the balance transfer fee, you’d owe 3% of $3,000, or $90, for balance transfers made within the first 120 days. If you wait longer than 120 days, you’ll owe $150. Similar cards offer better purchase and balance transfer APR offers, so this should not be the main reason you apply for the Cash Wise Visa.

If you’re also interested in the Wells Fargo Visa Signature® Card, the sibling to the Cash Wise Visa, you’ll be pleased to know Wells Fargo may consider you for the card if you qualify later on. The Visa Signature includes travel-focused benefits like car rental and luggage insurance, hotel perks at Visa Signature luxury properties and more.


  • Rewards don’t expire as long as the account is open
  • 20% mobile wallet transaction bonus for a total of 1.8% cash rewards during the first 12 months the account is opened (valid only for Apple Pay and Google Pay)
  • Introductory 0% APR offer on purchases for 12 months and 12 months on qualifying balance transfers, then 16.24%-28.24% variable APR.


  • The APR is pretty high compared to similar rewards cards
  • You can only redeem your rewards in $20 increments by ATM or $25 by phone
  • Balance transfer fee of 3% for the first 120 days and 5% after
    3% foreign transaction fee for all purchases made outside the U.S.

How to use this card

With the Wells Fargo Cash Wise Visa, you won’t have to worry about maxing out bonus categories. You’ll simply need to spend $1,000 within your first three months of card ownership in order to receive the $200 welcome bonus.

You have a few options when it comes to redeeming your $200 bonus:

  • Have your rewards deposited directly into your Wells Fargo checking or savings account
  • Apply your rewards to the principal balance of your Wells Fargo mortgage
  • Withdraw your cash rewards at a Wells Fargo ATM
  • Pool your rewards with another Wells Fargo cardholder
  • Spend your rewards at Earn More Mall (Wells Fargo’s online shopping portal)
  • Donate your cash back earnings to a charity

Additionally, by paying your monthly cell phone bill with the Wells Fargo Cash Wise Visa, you can get up to $600 in protection against damage or theft (minus the $25 deductible).

Learn more about the Wells Fargo Cash Wise Visa Card’s rewards structure by reading our Wells Fargo Go Far Rewards guide.

The bottom line

If you’re interested in a low-maintenance cash back rewards card with no annual fee, the Cash Wise Visa could be your pick. You’ll enjoy a solid cash back welcome bonus and the option to earn 1.8% on every purchase for your first year when making payments with a qualifying mobile wallet.

Be aware of the balance transfer fee before you plan on using the Cash Wise Visa to pay off debt. If this your main purpose in applying for the card, we suggest looking elsewhere for a card with longer introductory APR on balance transfers and no balance transfer fee.