Get Excellent Cell Phone Insurance and a $200 Bonus With This No-Annual-Fee Card!

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Get Excellent Cell Phone Insurance and a $200 Bonus With This No-Annual-Fee Card!

JasonGet Excellent Cell Phone Insurance and a $200 Bonus With This No-Annual-Fee Card!Million Mile Secrets Team

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The Wells Fargo Cash Wise Visa® Card is a great card if you’re interested in earning straightforward cash back rewards with no-annual-fee!

The card earns 1.5% cash back on all purchases.  And you can earn even more on digital wallet purchases!  You’ll earn 1.8% cash back for the first 12 months of card membership on eligible mobile wallet purchases.

You’ll also earn a $200 cash bonus after spending $1,000 on purchases within the first 3 months of account opening.

You can apply for the Wells Fargo Cash Wise card here.

Use the Cash Back You Could Earn With the Wells Fargo Cash Wise Card to Treat Yourself to a Shopping Trip!

Here’s our full review of the card.

Wells Fargo Cash Wise Visa Card $200 Offer

Apply Here:   Wells Fargo Cash Wise Visa® Card

With the Wells Fargo Cash Wise card, you can earn a $200 bonus after you spend $1,000 on purchases within the first 3 months of account opening.

Including the 1.5% cash back you’ll earn on your minimum spending requirement purchases, you’ll have at least $215 in cash rewards ($200 bonus + ($1,000 minimum spending X 1.5%)).

Earn Cash Back on Every Purchase With No Annual Fee or Category Restrictions!

One of the best aspects of the Wells Fargo Cash Wise card’s rewards is that you don’t have to worry about category bonuses.  You’ll earn a healthy 1.5% cash back no matter what you’re buying!

And for the first 12 months of card membership, you’ll earn 1.8% cash back on eligible mobile wallet purchases!  This includes popular services like Apple Pay, Google Pay, and Samsung Pay.

More Stores Than Ever Accept Mobile Wallet Payments.  And the Wells Fargo Cash Wise Card Earns a Higher Cash Back Rate on Those Purchases for the First 12 Months of Card Membership!

There are other no-annual-fee cash back credit cards that have higher earning rates than the Wells Fargo Cash Wise card.

For example, the Citi® Double Cash Card earns 1% cash back on purchases and another 1% when you pay them off.  With no limit to the amount you can earn.

And you would need to spend a lot in the first year to out-earn the Wells Fargo Cash Wise Visa!

 Wells Fargo Cash Wise Citi Double Cash Card
Total Yearly Spending$20,000$20,000
Cash Back Rate1.5%~2% (1% cash back on purchases and another 1% when you pay them off)
Cash Back Earned$300~$400
Sign-Up Bonus$200No bonus
Total Rewards Earned (Cash Back Earned + Sign-Up Bonus)$500~$400

Essentially, unless you’re going to spend $20,000+ during the first year, the Wells Fargo Cash Wise card is more rewarding than the Citi Double Cash card.   Even though its cash back rate is lower.

How to Redeem Your Cash Rewards

You can redeem the cash back you earn with your Wells Fargo Cash Wise card for merchandise, gift cards, travel, cash, digital rewards, and charitable donations.  You can redeem online or over the phone in $25 increments.

If you have an eligible Wells Fargo bank account and debit card, then you can make cash redemptions in $20 increments from a Wells Fargo ATM.

Wells Fargo Cash Wise Card’s Cell Phone Insurance Benefit

Link:   Wells Fargo Cash Wise Cell Phone Protection

The Wells Fargo Cash Wise card has the best cell phone protection (I’ve ever seen!) for a no-annual-fee credit card.  To qualify for the coverage, just pay your monthly cell phone bill with the card.

The insurance will reimburse you up to $600 per claim and up to $1,200 per 12 month period.  There is a $25 deductible.  The benefit covers repair or replacement of your original cell phone due to damage or theft.

Cell phones that are rented, borrowed, or included as part of a prepaid plan are NOT protected.  Also, lost cell phones, electronic issues, and software problems aren’t covered by this benefit.

Does the Wells Fargo Cash Wise Card Have a Foreign Transaction Fee?

Yes.

Who Is Eligible for the Wells Fargo Cash Wise Visa Card?

Before you apply for any credit card, you’ll want to make to be sure you’re in a situation where you can pay off your account in full each month.  Otherwise, you’ll have to pay interest and fees that will likely negate the rewards you earn.

You’ll also want to make sure your credit score is healthy enough to be approved for the card.  Having a score of 700+ is best.  If you’re not sure what your credit score is, you can get it for free with the myBankrate tool.

Credit Cards Similar to the Wells Fargo Cash Wise Card

If you’re looking for a no-annual-fee credit card that earns cash back without the hassle of remembering rewards categories, you’ve got options.

No-annual-fee cards are great to have because they can help increase the average age of your accounts and your credit score.  This is especially important if you have multiple credit cards.

For example, the Capital One® Quicksilver® Card earns a $150 cash bonus when you spend $500 on purchases within the first 3 months of account opening.

The card also earns 1.5% cash back on every purchase and comes with the following perks:

  • Travel accident insurance – Insurance for death or dismemberment at no extra charge when you purchase your entire travel fare with your card
  • Auto rental insurance – Secondary coverage for physical damage or theft for you and all additional drivers on your agreement
  • Extended warranty – Additional warranty protection when you purchase eligible items entirely with your card
  • No annual fee
  • No foreign transaction fees

With no foreign transaction fees, this card is a better option if you plan on making a lot of purchases overseas.

You could also consider the Chase Freedom Unlimited® card that earns a $150 bonus (15,000 Chase Ultimate Rewards points) after spending $500 on purchases within the first 3 months of account opening.

The Chase Freedom Unlimited is a no-annual-fee credit card that earns 1.5% cash back on every purchase in the form of Chase Ultimate Rewards points.  But this card could be much more valuable for folks who have an annual-fee Chase Ultimate Rewards earning card.

That’s because you can pool the Chase Ultimate Rewards points you earn with the Chase Freedom Unlimited card onto a card like the Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Business Preferred.  Then transfer those same points to travel partners like Hyatt, United Airlines, or Singapore Airlines to get Big Travel with Small Money!

The information for the Chase Freedom Unlimited® has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Bottom Line

If you’re looking for straightforward 1.5% cash back on every purchase without the expense of an annual fee, then the Wells Fargo Cash Wise Visa is for you.  The card earns a $200 bonus after you spend $1,000 on purchases within the first 3 months of account opening.

But if you’re new to the miles & points hobby, I wouldn’t recommend it as your first card.  Because there are lots of travel rewards credit cards with better bonuses to start with.

You can apply for the Wells Fargo Cash Wise card here.

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Wells Fargo Cash Wise Visa® Card

Wells Fargo Cash Wise Visa® Card

  • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
  • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 15.74%-26.74% variable APR; balance transfers made within 120 days qualify for the intro rates and fees
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

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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This bonus isn’t nearly good enough for me to trust them again. They had opened a credit card several years back without my consent. Luckily I caught wind of it as soon as it happened and reported it. I wasn’t even banking with them. Only way I was connected with them was that they handled my HSA account back then.