Partner relationships
We receive compensation from certain partners whose offers may appear on our website. This is noted on an offer's detail page using the designation "Partner," where applicable. That's how BiggerPockets makes money and is able to provide its guidance, information, and tools to you for free.
While such compensation may influence the specific products we review and where they appear on the website, it does not in any way affect BiggerPockets' recommendations. We do not allow our advertisers to influence our opinion of such advertisers or their offers that appear on the website, and any opinions expressed are our own. BiggerPockets tries to present a wide array of offers, but our offers do not represent all financial services or products. Because we value transparency, here's a list of the partners with whom we partner to provide financial products, and from whom we might receive payment if you apply for and receive one of their products.
Wells Fargo Cash Wise Card: BiggerPockets Review
These companies are not responsible for any reviews posted on the website, nor do they endorse or guarantee any posted comments or reviews. Reviews should not be relied upon as the sole basis for choosing a financial product. Read our editorial guidelines for reviews.
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.
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.
CURRENT SIGN-UP BONUS
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.
CREDIT REQUIREMENTS
Applicants approved for this credit card should expect to have at least good credit, around 690 or better.
PROS
- 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.
CONS
- 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.