New Wells Fargo Cash Wise Visa Versus Similar No-Annual-Fee Cards

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Last month, I wrote about a potential new Wells Fargo cash back card.

You can now sign-up for the new no annual fee Wells Fargo Cash Wise Visa.  It earns 1.5% back on purchases.  And 1.8% back on Android Pay and Apple Pay purchases made during the first 12 months after account opening.

But there’s NO sign-up bonus.

Emily and I don’t earn a commission on this card, but we’ll always tell you about new deals!

New Wells Fargo Cash Wise Visa Versus Similar No Annual Fee Cards

You Can Earn Extra Cash Back When You Use Your Wells Fargo Cash Wise Card With Android Pay or Apple Pay

For most folks this is probably NOT the best cash back card.  I’ll explain and give you alternatives!

What’s the Deal With the Cash Wise Visa?

Link:   Wells Fargo Cash Wise Visa Card 

Link:   Get up to $575 Back for a Damaged or Stolen Cell Phone With Wells Fargo Cards

You’ll need to have an existing Wells Fargo banking relationship to apply for the Cash Wise card online.  Or, you can apply in a local branch.

There’s NO sign-up bonus on the new card.  You’ll get:

My favorite perk on this card is the cell phone protection insurance.

If you pay your monthly cell phone bill with the Cash Wise card, you’ll be eligible for up to $600 in cell phone protection if your phone is damaged or stolen.

New Wells Fargo Cash Wise Visa Versus Similar No Annual Fee Cards

You’ll Get $600 of Cell Phone Protection Insurance With the Wells Fargo Cash Wise Card

The cell phone protection covers the primary phone and the first 3 phone numbers that appear on the monthly bill.

You’ll need to pay a $25 deductible, so you’re effectively getting $575 toward a new phone.

This benefit can save you money instead of paying for third party cell phone insurance.

Here are the the full terms and conditions of the program.

Similar but Better Cards

Besides the cell phone insurance benefit, there are lots of no-fee credit cards that earn more cash back for regular spending, including:

  • Citi Double Cash – Earn 1% cash back on purchases and 1% cash back as you pay for those purchases in full or over time.  Here’s my review.
  • Discover It Miles – Earn 1.5 miles per $1 you spend (doubled at the end of the first 12 billing cycles for new cardholders, so effectively 3% back for the 1st year).  Here’s my review of the card.
  • Fidelity Visa Signature – Earn 2 Fidelity points per $1 (2% cash back) on all spending, when you deposit your rewards points into a Fidelity account.  Here’s my full review.

My favorite is the Chase Freedom Unlimited.  Because you can earn:

And the main reason is that when you have the Chase Sapphire PreferredChase Ink Plus, or Chase Ink Bold (no longer available) card, you can transfer the Ultimate Rewards points to travel partners for Big Travel!

Keep in mind Chase’s new application rules before applying.  If you’re new to miles & points, there are more valuable Chase cards you should consider first.

Bottom Line

The new no annual fee Wells Fargo Cash Wise Visa card is now open for applications.  You can earn 1.5% back on purchases and 1.8% back on Android Pay and Apple Pay purchases made during the first 12 months after account opening.

We don’t earn a commission on the Wells Fargo Cash Wise card, but we’ll always tell you about interesting deals!

You’ll get cell phone protection insurance when you pay your monthly cell phone bill with the card.  So you can get up to $575 towards a new cell phone if your phone is damaged or stolen.

In terms of cash back, you’ll get more from cards like the Chase Freedom UnlimitedCiti Double Cash, Discover It Miles, and Fidelity Visa Signature.

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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