Difference between Bank Of America Cash Rewards And Wells Fargo Cash wise Visa

If you want simple flat rate credit card, wells fargo cash wise visa card is better.
If you want to choose your own bonus category, bank of america cash rewards is better card.
Sign up bonus is slightly more in bank of america cash rewards credit card.
You will get cell phone insurance and bonus rewards for digital wallet spending in first year with wells fargo cash wise visa card.
If you are preferred reward member you can earn 25% to 75% more cash back with bank of america cash rewards.

 

Bank Of America Cash Rewards Credit Card

Wells Fargo Cash Wise Visa Credit Card

Reward Rate:

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases

1.5% cash back on purchases.


1.8% cash back for qualified digital wallet purchases, including purchases made on Apple Pay® or Google Pay™, in the 12 months after account opening.

Sign Up Bonus:

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

$150 cash rewards bonus after making $500 in the first three months.

Annual Fee:

$0

$0

Regular Apr:

15.49% – 25.49% Variable APR

15.49% – 27.49% (Variable)

Intro Apr:

0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days

0% intro apr for purchase and balance transfer for 15 months.

Credit Needed:

Good to Excellent

Good to Excellent (670- 850)

Foreign Transaction Fee:

3%

3%

Balance Transfer Fee:

Either $10 or 3% of the amount of each transaction, whichever is greater.

3% for 120 days, then 5%.

Good For:

IF you want to choose your own 3% bonus category.

If you keep large balance with bank of america.

If you want 0% intro apr with no annual fee.

If you like flat rate no maintenance card with no annual fee.

If you use digital wallet.

If you want intro apr on purchase and balance transfer.

If you want up to $600 cell phone protection.

It is visa card and offers chip technology, rapid alert for purchase tracking and 24*7 fraud monitoring.

Bad For:

If you are big spender.(Spending cap for 3% and 2% bonus categories)

If you want more sign up bonus.

It has foreign transaction and balance transfer fee.

It has foreign transaction and balance transfer fee.

$25 minimum redemption

Wells Fargo Cash Wise Visa Card Review With Pro And Cons

Bank Of America Cash Rewards Credit Card Review

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