New to the credit card scene is Wells Fargo Cash Wise Visa, a credit card which provides a convenient way to earn money back rewards on everything you buy.
What Wells Fargo Cash Wise Visa have to offer?
The Wells Fargo Cash Wise Visa offers some strong advantages. To begin, you will earn a flat cash of 1.5% on all net purchases , which means that you will have to face the restrictions of class or quarterly sign ups, and your rewards expire not as long as your account remains open. Then, cardholders will receive 15 months 0% Intro APR on purchases and balance transfers . Although you have to pay an introduction of 3% balance transfer fee if you complete a balance transfer in the first 15 months, which is less than the 5% balance transfer fee, you will pay from 16 months, it may be worth if you transfer from a card with a high interest rate. In addition, Wells Fargo Visa Cash Wise gaining 1.8% cash rewards for all net purchases made with the Android or Apple Pay payment during the first 12 months of opening the account. To top it all, this card has no annual fee and requires excellent good credit / approval.
Does the card have any drawbacks?
While Wells Fargo Cash Wise Visa is a well-rounded global map, it has a few minor flaws. Although all holders earn the same cash back rewards, Wells Fargo bank customers have more options to redeem their rewards. All have the opportunity to redeem their cash back cardholders for credit reporting and request a paper check or use their cash back to buy gift cards, merchandise or travel via the online portal Wells Fargo. In addition to these call options, bank customers can choose to redeem cash back deposited directly into their checking account or savings, apply their rewards as credit to a Wells Fargo credit product qualify as a mortgage or a loan, or to repurchase a Wells Fargo ATM $ 20 increments using their card Wells Fargo ATM or debit.
Another defect of the card is that it does not offer cash back bonus intro, which would certainly be a nice addition, especially if you intend to make a major purchase. If you are looking for a similar card that also offers 1.5% cash back on all purchases, 15 months 0% Intro APR on purchases and balance transfers (with balance transfer fee of 5 %) and a $ 150 bonus after you spend $ 500 within the first 3 months of opening the account, you may want to look into Chase Freedom Unlimited. Another card that you may find appealing is the Capital One Cash Rewards Quicksilver credit card. Although it offers only 9 months 0% Intro APR on purchases and balance transfers (with a 3% balance transfer fee), it earns you 1.5% unlimited cash back on every purchase, and one $ 100 bonus after you spend $ 500 purchases within the first 3 months.
Visit our Reviews Wells Fargo Visa Cash Wise to know more about this brand new card, and check our credit card comparison page to see how it compares to other cash back credit cards.
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