Wells Fargo has upped the sign-up bonus for the Cash Wise Visa card from $150 to $200. To earn the cash rewards bonus, a cardholder must make $1,000 in purchases in the first three months of opening his or her account.
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policyWells Fargo has upped the sign-up bonus for the Cash Wise Visa card from $150 to $200. To earn the cash rewards bonus, a cardholder must make $1,000 in purchases in the first three months of opening his or her account.
In addition to the $200 sign-up bonus, the Wells Fargo Cash Wise Visa offers cash back on all purchases. Cardholders earn 1.5 percent cash back on all purchases, as well as 1.8 percent cash back on qualified Apple Pay and Android Pay purchases during the first 12 months.
There is no limit to the amount of cash you can earn, and cash back does not expire. Rewards can be deposited directly into your Wells Fargo checking or savings account, withdrawn from a Wells Fargo ATM in $20 increments or issued via check. Rewards can also be used to pay down a Wells Fargo mortgage, or redeemed for merchandise, gift cards and travel.
Other card benefits include no annual fee and a 0 percent intro APR on purchases and balance transfers for the first 12 months.
Mobile phone protection
The Wells Fargo Cash Wise Visa includes up to $600 in cellphone protection each year for stolen or damaged cellphones. This is an uncommon and potentially valuable benefit – if you’ve ever broken or had your phone stolen, then you know how pricey it can be to fix or replace it.
In place of paying a monthly fee for cellphone insurance to your provider, you can qualify for mobile protection through the Wells Fargo Cash Wise Visa simply by using the card to pay your monthly cellphone bill. Wells Fargo will cover up to two claims per year for a maximum of $600 per occurrence, and $1,200 per 12-month period. Each claim is subject to a $25 deductible, and coverage does not apply to lost phones.
See related: Blue Cash Everyday and Preferred cards offer 10 percent back at restaurants, New Capital One card offers 3 percent cash back on dining