The Wells Fargo Cash Back card is an attractive offering for those who need to purchase items on a credit card. While the Wells Fargo Cash Card offers unlimited five percent cash back on purchases in three major consumer categories, the credit card only offers a one percent rewards rate thereafter. However, this is a nice benefit that many consumers can live with.
The rewards on the card's benefits include rebates on every purchase you make. It pays to shop as often as possible because this is how the rewards are earned. It also offers savings and cash-back on some gasoline purchases. Additionally, you will receive an additional free statement credit in case you don't have enough cash on hand for your next bill.
Of course, this type of rewards program comes with a fee, and this is why there are many cards out there that do not charge a fee for the first two months of your introductory period. Once you have made your first deposit into the cash back account, then you must pay an annual fee. This can be quite expensive considering most consumers will use the cash-back benefits as a way to replace lost income. After you have made at least the minimum monthly payment on the balance, the cash-back balance transfers automatically.
When it comes to choosing the right Wells Fargo cash back card, you want one with a low or no balance transfer fee. You want a one-year credit card with no annual fees. And, you want a one-month introductory rate to start with so that you can build up a reasonable amount of savings with the credit card.
If you choose the Wells Fargo Cash Back card, you can expect to receive an email notification with your reward statement once you make at least the minimum payment. You can also choose to have the card sent directly to your checking account. Either way, once you get the statement, you will find a large percentage of the money in your account goes toward the balance and the remainder is applied to your actual cash-back rewards. When using the credit card to make travel arrangements, be sure you book your reservations well in advance so you receive the maximum reward points.
So if you are looking for a credit card that gives you cash back incentives but still allows you to enjoy great perks such as the convenience of making online reservations, this is the one to consider. Even if you don't have a lot of money, this is a good choice for you and your family.
