Wells Fargo Cash Back College card 2021 Review


Top perks

Earn rewards on everyday purchases: In addition to helping college students build a credit history, Wells Fargo Cash Back College℠ cardholders can earn up to 3% cash back on up to $2,500 in spending at gas stations, grocery stores, and drugstores during their first six months. That amounts to $75 in cash back rewards. You’ll also earn an unlimited 1% back on all other purchases during the introductory period. After the first six months are up, you’ll receive 1% cash back on everything.

No annual fee: Wells Fargo doesn’t charge you an annual fee for adding the Wells Fargo Cash Back College℠ card to your wallet.

0% introductory APR for six months: The Wells Fargo Cash Back College℠ card offers a 0% introductory APR on purchases and balance transfers in the first six months. This is a rare benefit among student credit cards and may be useful if you need to finance a large purchase or pay down credit card debt.

Flexible reward redemption: You can redeem your Wells Fargo Cash Back College℠ card rewards via deposit into a Wells Fargo savings account in $25 increments, at a Wells Fargo ATM in $20 increments, or by requesting a check. You can also redeem your cash back for gift cards, travel rewards, and merchandise.

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Access to your FICO® Score: All Wells Fargo Cash Back College℠ cardholders receive free FICO® Scores once per month. You can access yours by logging into your online Wells Fargo account. FICO is the most popular credit scoring model in use today and knowing your score can help you assess your chances of being approved for new credit.

Travel and cell phone protection: Wells Fargo Cash Back College℠ cardholders receive several protections rarely found with student credit cards. These include:

  • Cell phone protection: If your smartphone is damaged or stolen, Wells Fargo will pay up to $600 towards its repair or replacement, subject to a $25 deductible. You must enroll in automatic payments and pay your cell phone bill with your Wells Fargo Cash Back College℠ card in order to qualify. There’s a $1,200 maximum annual benefit.
  • Roadside dispatch: Wells Fargo will call someone to assist you if your vehicle breaks down.
  • Travel and emergency assistance: Travel and emergency assistance can connect you with medical, legal, and other emergency services in your area when you are traveling.
  • Auto rental collision damage waiver: This waiver protects most rental cars for up to 15 days within the United States or 31 days outside of it. It is secondary coverage, so you must first rely on any other car insurance you have. But it can help cover your car insurance deductible or any damages to the rental car not covered by your auto insurance.
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View more information: https://www.fool.com/the-ascent/credit-cards/wells-fargo-cash-back-college-card-review/

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