Wells Fargo Cash Back CollegeSM Card
- 0% APR on new purchases and balance transfers for 6 months
- 12.15% to 22.15% ongoing APR, based on your creditworthiness
- 3% cash rewards on gas, grocery, drugstore for first six months
- 1% cash rewards on virtually all other net purchases
- Extra cash rewards earning potential and deals at your favorite stores when you shop our Earn More Mall
- No annual fee
Benifits
- 0% APR for 6 months
- Generous intro cash back rewards
- Flexible rewards redemption options
- No annual fee
Pros
The Wells Fargo Cash Back College℠ Card offers 0% APR on new purchases and balance transfers for 6 months, and then a variable ongoing rate from 12.15% to 22.15% based on your creditworthiness. You can earn 1% cash back rewards on all of your purchases. Moreover, for the first six months, you can earn 3% cash back reward on gas, grocery, drugstore. All the cash rewards are redeemed in $25 increments, and you can choose to have them deposited into your Wells Fargo account or apply the rewards as a credit to Wells Fargo products.
Cons
If you want to apply online, you need to open a checking account first with a minimum deposit of $25.
Summary
With a great 3% cash back bonus for the first six months and a comparatively low ongoing APR, the Wells Fargo Cash Back College℠ Card is highly recommended for university students especially those who carry large balances.