Wells Fargo describes it this way: "Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months." The new bonus is a $50 increase from before. ... New cardholders are also eligible for 1.8% cash back on digital wallet purchases made through Apple Pay or Android Pay for the first 12 months.
To redeem your rewards online, use your account credentials to log on to the GoFar Rewards home page, click “Use” on the top rail and select the redemption option you want. To get cash back at an ATM instead, find a Wells Fargo ATM in your vicinity, and use your Wells Fargo debit card to redeem for cash.
If you're looking for a simple cash-back card and could benefit from cell phone protection and bonus rewards on digital wallet spending, the Wells Fargo Cash Wise Visa® card is a good option. It doesn't come with the richest ongoing rewards or most flexible redemption options, but it offers solid value.
1.5% cash rewards are earned for every $1 spent in net purchases (purchases minus returns/credits) on the credit card account.
New applicants can earn a $150 cash bonus for spending just $500 within 3 months of account opening. That's tied for the second-biggest cash bonus among consumer credit cards, according to WalletHub's database of 1,000+ offers. Without its initial bonus, the Cash Wise card is still very good, just not elite.
Your Points expire and You cannot use them at the end of the 60th month (approximately 5 years) starting the first month Your Points post to Your Rewards Account. When You redeem Your Points, We begin with the earliest Points You earned.
Wells Fargo doesn't offer rewards points for signing on for new credit cards, says spokeswoman Lisa B. ... Rewards and airline miles that are provided in connection with a purchase on a credit card are routinely not subject to individual income tax reporting.
Wells Fargo Cash Wise Visa® Card: 650+ FICO
The Wells Fargo Cash Wise Visa® Card is a popular choice for consumers who want simple rewards that don't require much hassle.
Best Wells Fargo Credit Cards Compared
| Credit Card | Best For | Annual Fee |
|---|---|---|
| Wells Fargo Cash Wise Visa® card | Cash Back | $0 |
| Wells Fargo Rewards® Card | Gas Rewards | $0 |
| Wells Fargo Platinum card | 0% Intro APR | $0 |
| Wells Fargo Business Platinum Credit Card | Business | $0 |
The Wells Fargo Cash Wise credit limit is at least $1,000 for all cardholders, according to Wells Fargo's website. So anyone who qualifies for this card will have at least $1,000 of spending power. It's also possible for someone to start with a credit limit well over $1,000.
How To Earn The $200 Bonus
Is Wells Fargo a good bank? Wells Fargo is comparable to other national banks in that it has similar features: large ATM and branch networks, low savings rates and high overdraft fees. It can be convenient to bank at Wells Fargo, especially if you have a mortgage or other account there.
Christie Matherne, Credit Card Writer
The standard Wells Fargo cash advance fee is $10 or 5% of the cash advance amount, whichever is greater. ... After that, you'll be able to take out up to $500 in cash per day from your line of credit, up to your cash advance limit.
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