topic Re: Opinions on Wells Fargo Cash Wise Visa Sig in Credit Cards

Opinions on Wells Fargo Cash Wise Visa Sig

Credit_hawk — Sun, 10 May 2020 12:10:17 GMT

Hey guys,

As the title suggested, I'm looking for advice and opinions on the Wells Fargo Cash Wise Visa Signature and Wells Fargo in general. They keep sending me pre-approved mail with a locked in APR of around 15% for their cash rewards card. I haven't applied for anything in years and am in no immediate rush but I'm interested in getting a 15 month 0% APR now that my Discover 0% promo is running up. Also, I wouldn't mind beginning a relationship with Wells Fargo. I have no prior business with them. I do, however, already have a 1.5% cash back card.

Is it worth applying with WF? Do they provide healthy starting credit lines? Is it easy to obtain future credit limit increases and lower interest rates? Are they a nervous lender known for taking adverse action? I'm just trying to get a feel for them as a lender. I've never had an adverse action taken on me (knock on wood).

I appreciate any advice, experience and insight. Thanks in advance!

Re: Opinions on Wells Fargo Cash Wise Visa Sig

kdm31091 — Sun, 10 May 2020 12:54:08 GMT

Others may feel differently but honestly I think it's an extremely average card from a below average bank. There are so many lenders out there to do business with. Wells is just not at the top of my list by any means. They never seem to get any accolades for great service or anything, and I think their products are just mediocre.

Most lenders have at least a couple compelling advantages compared to other banks. I cannot think of anything unique to Wells that makes it worth a relationship. Just my opinion but maybe someone else can chime in.

I wouldn't put up with them for an extremely standard 1.5% card.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

tcbofade — Sun, 10 May 2020 12:19:16 GMT

Meh. DW has the Cashwise card, and we both have Platinum from Wells Fargo. They're not great, not awful.

I like the cell phone insurance, but have never had to use it.

It's a quality card and we've had no troubles with them.

If memory serves, DW got a SUB with the CashWise, then used it for the zero percent balance transfer... and it's now a monthly pay in full card.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Anonymous — Sun, 10 May 2020 12:50:52 GMT

I don't know that I'd be interested in them for a 1.5% cash back card since there are so many other options out there. I like my Propel from them as it's great for a no AF card. But I find the app to be sluggish and reminiscent of the original iPhone "web apps", and credit limit increases are only available by phone. As mentioned, customer service is mediocre at best. I'm not sure I'd be willing to put up with all these gripes and a 3% FTF on a 1.5% cash back card when there are so many other options.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Anonymous — Sun, 10 May 2020 12:55:22 GMT

Is the other Wells Fargo Visa Sig still available (the one that works with Propel)? Doesn't seem to be on their credit card page but does come up on search

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Gmood1 — Sun, 10 May 2020 12:56:39 GMT

I'm not even a fan of the Propel.

Stopped using it last year.

The redemption rates suck.😂

So the Cash Wise is even further down the list for me.

I agree with the other posters.

Find a better card and FI to app for.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Anonymous — Sun, 10 May 2020 13:21:25 GMT

Avg Lines

High APR

Decent customer service.

They are the only big bank to offer me 3 months of interest free payment defferals as covid assistance. This is available to anyone needing it.

They offer FICO Score 9. Most banks offer version 8, if thats important to you.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

5KRunner — Sun, 10 May 2020 13:35:52 GMT

@Anonymous wrote:
Avg Lines
High APR

Decent customer service.
They are the only big bank to offer me 3 months of interest free payment defferals as covid assistance. This is available to anyone needing it.

They offer FICO Score 9. Most banks offer version 8, if thats important to you.

I've also been impressed by their customer service. I received an alert about a transaction on my Propel AmEx a few months ago, and it turned out to be fraud. I called in very early on a Sunday morning and was immediately connected to a CSR. The rep initiated a fraud investigation, closed my card and issued a new one, and it took about 3 minutes from beginning to end.

I've had to call them just a few times and the calls were always professional, courteous and speedy. CSRs were based in the US, too.

Id rate them right up with Disco in terms of customer service.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

CreditCuriosity — Sun, 10 May 2020 15:29:21 GMT

I know i am beating a dead horse here although have tried for propel a few times and lame denial reasons that are fairly abstract. With that said WF just cant seem to keep their nose clean by the way they do business and recently got in trouble yet again for some of their practices they just can't seem to get past for whatever reason. Find a better FI that offers better rewards, lower aprs and better limits and and all around better experience with an institution that has some integrity which WF appears to not understand what that word means. I want to like them and hope they change their ways as have a checkig account with them, but can't teach an old dog new tricks..?

Re: Opinions on Wells Fargo Cash Wise Visa Sig

FICOnoob2020 — Mon, 11 May 2020 19:33:02 GMT

I get the impression WF is generally regarded as a conservative lender, at least on the revolving/consumer side of things. They recently discontinued the consumer version of their secured card.

Propel seems to be the sweetheart of their products around here, but since the thread is about Cash Wise... I recall reading that they give 1.8% back for use through a digital wallet, instead of the base 1.5%. It was pitched as a 20% bonus (thus 1.5% ---> 1.8%) if that makes a difference.

Good luck with your decision!

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Remedios — Mon, 11 May 2020 19:56:35 GMT

@FICOnoob2020 your post has been restored. No one marked it for removal, frequent edits will cause spam filter to flag them.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

JR_TX — Mon, 11 May 2020 20:09:40 GMT

WF Cash Wise is probably an average card at best issued by a lender with a tarnished reputation.

The Amex Propel however IMO is a whole new different animal, to wit;

$200 SUB on only $1K spend 1st 3 months

12 months 0% intro APR

$0 AF

$0 FTF

SP CLI (albeit call-in only)*

3 Points per $1 spend that Amex Network categorizes as Travel and Dining. 3 Pts on streaming services like Netflix, Hulu, Apple Music, Pandora, etc..

Most flexible redemption without threshold with "Purchase Eraser" type feature. Takes 3 banking days to update on account page.

Aesthetically appealing metal card.

These are all premium card features that typically require an AF.
Based on my and DW's spend (96%) similar, my Propel outpoints her CSP quite significantly!

In my 20 months of card ownership, I've only had to call them 3 times including activation (SP CLI and Fraud) and they were all very very positive and pleasant experiences.

I wasn't a fan, no relationship and maybe even a hater of WF (denied me 3X prior LOL) prior to my Propel but now I have nothing but adoration for the Propel card.
Only negative I can think of?

Card being on Amex Network (acceptance outside US being a Travel card).

Re: Opinions on Wells Fargo Cash Wise Visa Sig

CluelessJohn — Mon, 11 May 2020 21:17:18 GMT

Here are some data points for you on SL. I did a 3 card SUB-chasing app spree ~18 months ago and my FICO scores were consistent with your siggy. BOA MLB (13K), WF Cash Wise(8K) and US Bank Cash+ (5K). (The Cash+ is now 10K from a SP CLI). I had a long time banking relationship with WF, applied at the branch and was disappointed with the SL. Didn't really matter, I was only focused on the SUB.

The 15-month 0% is attractive, but with your scores you have other options. The other day I got one from Chase for Freedom Unlimited the same 0% term and a $200 SUB on $500 spend. Their rewards program is much better than WF.

Also, the wallet 1.8% was only for a limited time when I got the card.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Anonymous — Tue, 12 May 2020 02:33:54 GMT

It is not a bad card. Last I checked you can combine rewards with Wells Fargo Visa Signature to boost the rewards for a higher rate. Wells has a nice no annual fee trifecta that competes well with AMEX and Chase trifectas that do charge annual fees. Just another thought.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

firefox100 — Sun, 17 May 2020 21:11:35 GMT

Have the Wells fargo Propel amex card open the card back in December 2018 for starting cl of 7K got an in crease s now at 15K , when open the account got bonus of 30K which is 300 dollars for 3K spend in three months. Have no problem just was impatient with the cli's but after 6 months the account grew fast up to 15K. Had no problems with wells fargo.

Re: Opinions on Wells Fargo Cash Wise Visa Sig

Anonymous — Mon, 18 May 2020 03:59:47 GMT

CS wise WF has been great to me. Some minor hickups but it's par for the course. They have dome **bleep**ty things in the past however but no major bank non CU is a innocent angel.

I eventually do plan to go for a propel but right now is not the time.