Wells Fargo Cash Back College Card Review

Wells Fargo Cash Back College Card is a rewards credit card issued by Wells Fargo Bank. If you're wondering whether Wells Fargo Cash Back College Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of up to 3x.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. Wells Fargo Cash Back College Card has a variable purchase APR that ranges from 12.90% up to 22.90%.
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Wells Fargo Cash Back College Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Student credit card. This card is geared toward students. In other words, college students with limited credit history and low incomes can still apply, especially if they have a cosigner ready to vouch for them.
• Gas rewards.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, travel accident insurance, travel assistance, and fraud protection.

Wells Fargo Cash Back College Card Pros and Cons:

The Good

The Bad

Allows students to build credit with no annual fee. 6 months 0% introductory rate for purchases and balance transfers. Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 6 months. 0% APR on new purchases during the first 6 months. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Free access to your credit score. Travel accident and travel assistance insurance. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Wells Fargo Cash Back College Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Low rewards after introductory period. Foreign transaction fees means this is not an ideal card for students to use internationally. Does not offer a signup bonus. Charges a foreign transaction fee of 3%. Charges a 3% balance transfer fee.

Is there a Wells Fargo Cash Back College Card cash back or rewards program?

Wells Fargo Cash Back College Card offers a rewards program to its customers.

Wells Fargo Cash Back College Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	3%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0

What are the Wells Fargo Cash Back College Card benefits?

Wells Fargo Cash Back College Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Wells Fargo Cash Back College Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Wells Fargo Cash Back College Card has lower than average purchase APRs.

Wells Fargo Cash Back College Card has a variable purchase APR that ranges from 12.90% up to 22.90%. The card has a variable balance transfer APR that ranges from 12.90% up to 22.90%. It also has a variable cash advance APR of 25.74% .

What are the fees for Wells Fargo Cash Back College Card?

The following fees apply to Wells Fargo Cash Back College Card:

Wells Fargo Cash Back College Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

Does Wells Fargo Cash Back College Card report your account activity to credit bureaus?

Wells Fargo Cash Back College Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Wells Fargo Cash Back College Card

• Visit the Wells Fargo Cash Back College Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.