$150 Cash Rewards Bonus and 1.5% Cash Back

If you’re looking for a new cashback credit card and are considering the Wells Fargo Cash Wise Visa Card, you’re considering a good credit card.

The Wells Fargo Cash Wise Visa Card is appealing for three key reasons – 1.5% cash rewards on purchases, a $150 cash rewards bonus after you spending just $500 in the first three months, and there’s no annual fee. A generous cash rewards rate (1.5%) and a nice bonus ($150) with a low purchase requirement ($500 in 3 months) make for a good offer if you have good or excellent credit.

$150 Cash Reward Bonus

When it comes to new card bonuses, you’ll see a lot of credit cards offering hundreds of dollars in points or other rewards but they all have high purchase requirements and they have higher annual fees.

For example, the Chase Sapphire Preferred card will give you 60,000 Ultimate Rewards points but you must spend $4,000 in the first three months. The card also has a $95 annual fee. So while you can get big bonuses, you have to spend quite a lot to reach the bonus plus pay an annual fee.

With the Wells Fargo Cash Wise Visa Card, you get $150 after just $500 in spend in the three months of account opening. And with this card there is no annual fee.

You redeem cash at a Wells Fargo ATM or you can get it deposited into a Wells Fargo savings or checking account. If you don’t have a Wells Fargo checking account and fancy getting one, they often run rich new account promotions where you can get hundreds of dollars for setting up direct deposits.

1.5% Base Cashback Reward Structure

The bonus is nice but the real appeal is that this is a card that gives you 1.5% cashback on purchases without an annual fee. If you need a baseline card to put all of your non-tiered spending (where you get a higher percentage on another card, such as gasoline on a gas station card), 1.5% is the new standard. This 1.5% requires no activation of categories and there is no monthly limit.

Discover offers cards with higher bonus tiers like a 5% cashback but they require you to activate it each quarter and they limit you to, usually, $1,500 in purchases each quarter. So the 5% sounds like a big number but it gets limited somewhere. Chase does something similar with their bonus categories in that you must activate it and are limited to $1,500 in purchases a quarter.

Also, in the first 12 months, you actually earn 1.8% cash rewards on digital wallet purchases made through Google Pay or Apple Pay.

Additional Perks

Some additional perks of the card include:

  • Up to $600 in cell phone protection – If you pay your monthly bill with this card, you are covered against damage or theft. (there is a $25 deductible and $600 maximum per claim) You don’t even need to buy the phone with this card, you just need to pay the bill!
  • 0% intro APR on purchases and qualifying balance transfers for 15 months
  • Free access to your FICO credit score through Wells Fargo Online
  • Zero liability protection – you are not responsible for unauthorized charges if you report them quickly

Go Far Rewards Program

Go Far Rewards is Wells Fargo’s travel rewards program. You can earn rewards with the Wells Fargo Cash Wise Visa Card and redeem them for rewards on the platform. You can redeem them for travel, gift cards, merchandise and even some online auctions (these are often live events like concerts or sporting events or they are vacation packages).

Who Should Get This Card?

This card is ideal for someone who wants a cash back credit card but doesn’t want to mess around with activating categories or making sure they are using the right card on the right purchase type. It’s a solid “everyday” card where you know you’re getting 1.5% back on your purchases at a minimum.

If you have a Wells Fargo checking account, getting your cash back is easy because it can be deposited directly into your account. If you don’t, it might be a hassle getting to a Wells Fargo ATM to get your cash but nothing’s stopping you from opening an account there.

If you do, the Everyday Checking account offers a $400 bonus and to avoid the account’s $10 maintenance fee, you need to do one of four things:

  • Make 10+ posted debit card purchases/payments from this checking account. This does not include transactions at an ATM.
  • Have Qualifying direct deposits totaling $500+.
  • Maintain a $1,500 minimum daily balance.
  • Have linked Wells Fargo Campus ATM or Campus Debit Card.

So the bar for avoiding the fee is low. The card itself has no annual fee.

Learn more about this card and others

Wells Fargo Cash Wise Visa Card


  • 1.5% cashback on purchases
  • Generous welcome bonus with low purchase requirement
  • No annual fee
  • Cell phone insurance


  • No higher cashback tiers
  • Cashback redemption requires WF account or access to WF ATM

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