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

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

Million Mile SecretsNew Wells Fargo Cash Wise Visa Versus Similar No-Annual-Fee CardsMillion Mile Secrets Team

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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® Card.  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.

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 Card – 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 (matched at the end of the first 12 billing cycles for new cardholders).  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.

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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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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