If you bank with Wells Fargo and want a credit card that offers a stable cash-back program, you are in the right place. There are several great features about the Cash Wise Credit Card that we will discuss next.
You won’t be subjected to an annual fee, and there are introductory bonuses that you can enjoy. There is also a steady 1.5% rewards program.
In this article, we will go through all the fees, as well as the interest rate you may potentially be subjected to. Additionally, we will help you find out whether it is the right product for you!
Fees and Interest
First, and foremost, there is no annual fee with this card, which goes a long way if you are on a tight budget and simply can’t afford to pay a hefty sum for maintenance fees on a yearly basis.
Not only that, but we were impressed to find out that for the first 15 months, you won’t be subjected to an annual percentage rate on purchases and balance transfers.
After that, it all comes down to the prime market rate, as well as your creditworthiness. The representative APR stands between 14.49% and 24.99%.
When it comes to other fees/charges, such as late payment, penalty, and foreign transaction fees, you will want to consult Wells Fargo directly, as well as check some of the articles on this site.
How To Apply
There are a few criteria that you will need to meet if you are looking to be accepted for the Wells Fargo Cash Wise Credit Card. Apart from being a US citizen/permanent resident over the age of 18, there is also another requirement that many forget to check.
If you have applied for other Wells Fargo credit cards in the past year, even if you have an account that currently has a zero balance, you won’t be able to become a member with this option.
Other than that, you shouldn’t have a lot of issues when it comes to the application process, given the fact that it is quite simple and can be done within a couple of minutes through an online inquiry.
Once you have applied, you should get a decision almost instantly. If accepted, the credit card will arrive in a matter of a couple of business days.
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Features and Benefits
You are looking at around $150 worth of cash rewards if you spend $500 in the first 3 months of opening the account.
No matter where you make a purchase, the same 1.5% cashback policy will be applied, which goes a long way in terms of overall convenience.
Bank Contact Details
As with any other bank or company that offers financial services, you will want to have a number of different contact forms in case any kind of issue occurs.
Physical Address: Wells Fargo, 420 Montgomery Street, San Francisco, CA 94104
Phone Number: 1-800-869-3557; 24 hours, 7 days a week
Website: click here
Summary
Given the plethora of credit cards that are offered on the financial market, finding the one suitable for you isn’t always the easiest task.
With that in mind, it is quite impressive that Wells Fargo offers a reasonable charging policy and a friendly cashback program free of an annual fee.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
