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Wells Fargo Cash Wise Card: BiggerPockets Review

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This card is a good cash-back choice for investors who plan to pay off their monthly balances in full, and who want to earn steady, simple cash back without a lot of administrative hassle.

Wells Fargo’s Cash Wise Visa credit card is appealing for its straightforwardness as a cash-back card: Users get 1.5% cash back on all purchases (and 1.8% on digital wallet purchases for the first year). Cash rewards have no category restrictions or activations required. And they don’t expire as long as the account is open. So this card could be a good choice for real estate investors looking to earn steady cash back with no annual fee. 

The sign-up bonus includes $150 cash after a spend of $500 within the first three months. It also comes with a 0% introductory APR for both purchases and balance transfers. After the introductory period, variable APR can range from 14.49% to 24.99%, so it’s best for real estate pros who pay off their balances each month. Expect to qualify with good to excellent credit.

Quick facts

  • Wells Fargo Cash Wise Visa has no annual fee.
  • It offers 1.5% cash rewards without category restrictions or activations required.
  • Cash rewards do not expire as long as the account is open.
  • The introductory offer includes a $150 cash reward bonus plus 0% APR for 15 months.
  • Account protections include 24/7 fraud monitoring, and zero liability when fraud is reported promptly.
  • Extra perks include protections against cell phone damage or theft when you pay your monthly mobile bill with the card.

Earn a $150 cash rewards bonus when you purchase $500 on the card in the first three months. You’ll also get 0% introductory APR for 15 months on purchases and balance transfers.

Applicants approved for this credit card should expect to have at least good credit, around 690 or better.


  • This card carries a $0 annual fee.
  • There’s a $150 cash signup bonus.
  • The 0% introductory APR is good for 15 months, and is good for both purchases and balance transfers.
  • Earn cash rewards at a high rate: 1.5% on everyday purchases, as well as 1.8% on purchases made using a qualified digital wallet (including Apple Pay and Google Pay) in the first 12 months.


  • The 3% foreign transaction fee makes this card unattractive for use abroad.
  • Balance transfer fees can add up fast, especially after the introductory period.
  • The variable APR means that after the 0% introductory period, you could be paying quite a high rate.

The stats

  • Introductory APR: 0% introductory APR for 15 months on purchases and balance transfers
  • Standard APR: From 14.49% to 24.99%, based on creditworthiness and varying with the market based on the U.S. prime rate
  • Annual fee: $0
  • Balance transfer fee: Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is more, for 120 days. Then it jumps to 5% for each transfer, with a minimum of $5.
  • Foreign transaction fee: 3% of each transaction converted to U.S. dollars.

The rewards

The cash rewards on this card are pretty simple: You get 1.5% on everyday purchases, or 1.8% cash rewards on purchases you make using a qualified digital wallet (including Apple Pay and Google Pay) in the first year. There are no category limitations or quarterly activations required. 

Cash rewards do not expire as long as the account stays open. Redeem in various ways: Use your Wells Fargo Debit or ATM card for cash at the bank’s ATMs, direct deposit into your Wells Fargo savings or checking account, or apply your rewards as a credit to your qualified Wells Fargo mortgage principal balance.

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