Wells Fargo Cash Back Credit Card Review

Wells Fargo cash back credit card is a 1% reward card on every dollar spent on the purchase. similarly, there are many Cash backs services in the U.S but this one stands among the most rewarding. The wells Fargo cash back credit card offers outstanding rewards in the first six months on gas, groceries an drugstore purchases.

Wells Fargo Cash Back Credit Card

Wells Fargo Cash Back Credit Card APRs, Fees & Rewards

No annual fee: Cardholders are liable to pay no annual fee on the Wells Fargo Cash Back Card. Meaning you earn your rewards just pay the balance after the first 6 months.

0% APR: With Wells Fargo Cash Back Credit Card you enjoy 0% APR on purchases and balance transfers for 15 months, thereafter your creditworthiness determines APR which is about12.40 to 26.40 %. While balance transfers attract a $5 or 4% charge during the introductory period. After which transfers are charged at 5% balance transfer fee.

The cash advance and overdraft protection APR is between 24.24% to 26.24% depending on creditworthiness. Cash advances are charged a fee of $10 or 5% of the advance.

The foreign transaction fee is charged at  3%. Delayed and returned payments are charged as much as $37.

Wells Fargo Cash Back Credit Card Additional Info

Although the initial offer on the Wells Fargo Cash Back Card is higher than most offers, It is only a catch because it only accessed for just 6 months. Thereafter The Wells Fargo Cash Back Card offers the lower offers than most in the industry.

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Verdict:

The card only favors big spenders that spend a huge fortune on gas, grocery, and drugs but highly unfavorable for average earners that a cautious about buying.  It is best for average earners to explore other credit card options.

The Wells Fargo Cash Back Card other offers no sign-up bonuses which is unlike other cards. The thing to consider is that the Wells Fargo Cash Back® Card doesn’t have any welcome bonus. The 15 months 0% ARP introduction period is a noteworthy benefit.

Bottom Line: Despite the limitations outweighing the benefits this card serves perfectly for short term usage (15 months). Especially for high spenders and those and those with outstanding interest on payments.

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Wells Fargo Cash Back Credit Card
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