Wells Fargo Cash Back College Visa Card Review

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

Key takeaways:

• Earn 1% cash back on everyday purchases.
• 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 Visa Card has a variable purchase APR that ranges from 12.65% up to 22.65%.
• 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.
• 5% Balance transfer fee. Wells Fargo Cash Back College Visa Card charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 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.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

Wells Fargo Cash Back College Visa Card Pros and Cons:

The Good

The Bad

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. Credit history not required. Considers applicants with fair or poor credit. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Wells Fargo Cash Back College Visa Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Does not offer a signup bonus. Charges a foreign transaction fee of 3%. Charges a 5% balance transfer fee.

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

Wells Fargo Cash Back College Visa Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Wells Fargo Cash Back College Visa Card you receive 2% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $20 back in cash.

Wells Fargo Cash Back College Visa Card Rewards

Rewards rate (all purchases)	2%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Wells Fargo Cash Back College Visa Card benefits?

Wells Fargo Cash Back College Visa Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Cellular Telephone Protection
• Reports to major credit bureaus

What are the relevant APRs for Wells Fargo Cash Back College Visa 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 Visa Card has lower than average purchase APRs.

Wells Fargo Cash Back College Visa Card has a variable purchase APR that ranges from 12.65% up to 22.65%. The card has a variable balance transfer APR that ranges from 12.65% up to 22.65%. It also has a variable cash advance APR starting at 25.49% .

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

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

• There is no overlimit fee

Wells Fargo Cash Back College Visa Card Fees

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

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

Wells Fargo Cash Back College Visa 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 Visa Card

• Visit the Wells Fargo Cash Back College Visa 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.