The adage “money talks” exists for a reason. But perhaps, it’s never been truer than with Wells Fargo Cash Visa credit card. That’s because not only do you earn cashback on purchases, but the Cash Wise Visa card can help you keep the conversation going if your cell phone gets stolen or broken. Obviously, you’re here to learn if this card is right for you. So here are all the details you need to know about the Wells Fargo Cash Wise Visa card:

Who Needs This Card?

This isn’t your average, everyday cashback card. It has above average perks, but as such, it’s a card for high-rollers looking to spend tens of thousands of dollars each year on their credit card. And for those who have the credit score to back up that kind of shopping.

Anyone interested in applying for this card should have a minimum credit score of 690. That means to get the best APR available you should apply with excellent credit. If you’re looking for a cashback rewards card that offers similar advantages to average spenders with average credit, this card is not the one for you.

Since the Wells Fargo Cash Wise Visa card tends to offer the same rewards across all spending categories, it’s recommended for shoppers whose spending profile touches on a wide variety of retailers. This card rewards you for shopping online with a qualifying digital wallets, too! The bottom line is if you’re going to make the most of this card, you need to shop ‘til you drop. And do it responsibly.

Get The Perks

Wells Fargo offers a number of standard perks that come with this card. These include robust security features like 24/7 fraud monitoring, zero liability protection on purchases and rapid push alerts that keep you on top of any red flags on your account.

There are some additional features that shoppers will receive when they signup for the Cash Wise card, these include:

  • Cell phone protection: on applicable cell phone accounts when you pay your bill with your Wells Fargo Cash Wise credit card
  • Rental insurance: complementary auto rental collision damage when you rent a car with your card
  • Emergency card replacement and advances: if you’re stuck somewhere and realize your card has been lost or stolen, emergency card replacement can be initiated as well as a cash advance to get you out of a bind.

These benefits make one thing clear, when you are a Cash Wise user, Wells Fargo has your back. But the selling point of this card is an offer of cold, hard cash. As a cashback card, the Cash Wise credit card offers cash on all purchases without rotating categories, and incentives when you shop online with your digital wallet. That's great news for shoppers who use Apple Pay, Google Pay, Samsung Pay or Wells Fargo Wallet.

Like most cards by Wells Fargo, it also offers introductory perks and bonuses that can make it an even more lucrative card for the right type of spender.

The 4-1-1

Because of the benefits a Wells Fargo credit card has to offer, you may be biting at the bit for the Cash Wise Visa. But proceed with caution to determine if this is the right card for you.

It’s not that this isn’t a good card; we believe it is. But it isn’t geared toward the average consumer. The person who will get the most rewards from this card is an elite breed of high spender with above average credit.

If that doesn’t sound like you, there are a number of other cashback cards reviewed on this site like the Capital One Quicksilver Cash Rewards, Citi Double Cash card, The Chase Freedom Unlimited and Discover it Cashback Card. Any single one of these might be a better fit for moderate spenders looking to reap no frills, flexible cashback rewards.

Reviews of the Cash Wise card seem to be split down the middle. Most negative reviews come from people seeking cashback relief from this card after a one-time large purchase. That’s not what this card is designed for. There are other cards better suited for those seeking to make a large purchase and recoup some of their money back in the form of lucrative bonuses delivered in a timely, easily redeemable way.

The Right Card for You?

Considering the advantages of the Cash Wise card, it’s a good deal for people who spend a lot on credit anyway, pay off their balance each month and have a credit score in the range of good to excellent. If this sounds like you, it’s especially rewarding if you use it to pay your cell phone bill because it can help you in a jam, should your device get stolen or broken. It also rewards people who use digital services like Apple Pay on their smartphone with additional cashback incentives.

For the executive on-the-go who has plenty of disposable income and spends a lot of time tapping away on a smartphone and shopping online, this card offers a lot. Wells Fargo keeps busy customers safe by offering security and protection that helps consumers who don’t have time to check-in often. That’s in addition to cashback rewards on purchases. Who wouldn’t want to get in on that?

But if you are an average consumer, looking to make a one-time, large purchase on credit and need flexible cashback rewards and bonuses to offer financial relief, there are certainly better cards. And if you are a traveler, you might get more out of Wells Fargo Propel American Express, or another card that rewards your wanderlust.