The Wells Fargo Cash Back College℠ card is a good option for students who are looking to build credit and earn rewards on their purchases. It offers a 0% introductory APR on purchases and balance transfers for the first six months, and then a variable APR of 20.24%, 25.24%, or 29.99%, based on your creditworthiness.
The Wells Fargo Cash Back College℠ card also earns unlimited 2% cash rewards on all purchases. This is a competitive rewards rate for a student credit card, and there are no caps on how much cash back you can earn.
Benefits of using the Wells Fargo student credit card
- Earn rewards on your purchases. You can earn unlimited 2% cash rewards on all purchases. This is a competitive rewards rate for a student credit card.
- Get a 0% introductory APR. The Wells Fargo Student Credit Card offers a 0% introductory APR on purchases and balance transfers for six months. This can be a helpful way to finance a large purchase or pay down credit card debt.
- Build your credit history. Using a credit card responsibly can help you build your credit history. This is important because a good credit score can help you qualify for loans and other forms of credit in the future.
- No annual fee. The Wells Fargo Student Credit Card has no annual fee. This means that you can keep using the card even after you graduate from college without having to pay an extra fee.
- Cellphone protection. The Wells Fargo Student Credit Card offers free cellphone protection for up to $600 in damages or theft. This can be a valuable benefit for students who rely on their cellphones for school and work.
- Travel assistance services. The Wells Fargo Student Credit Card offers travel assistance services such as lost luggage assistance, travel accident insurance, and emergency medical evacuation insurance. This can be helpful for students who are traveling for school or vacation.
- Free FICO® Score. The Wells Fargo Student Credit Card gives you access to a free FICO® Score. This can be helpful for tracking your credit progress and making informed financial decisions.
Overall, the Wells Fargo Student Credit Card is a good option for students who are looking to build credit, earn rewards, and get access to helpful features.
Tips for using the Wells Fargo student credit card
- Only charge what you can afford to pay back. It’s important to only use your credit card to make purchases that you can afford to pay back in full each month. Otherwise, you could end up paying interest on your debt.
- Make on-time payments. It’s important to make your credit card payments on time and in full each month. This will help you build a good credit history.
- Keep your credit utilization low. Credit utilization is the amount of credit you’re using compared to your total available credit. It’s best to keep your credit utilization below 30%.
- Monitor your spending. It’s important to monitor your spending so that you can stay on top of your budget and avoid overspending.
Is the Wells Fargo student credit card right for you?
The Wells Fargo Student Credit Card is a good option for students who are looking to build credit and earn rewards on their purchases. It’s also a good option for students who are looking for a credit card with no annual fee and a 0% introductory APR.
However, it’s important to note that the Wells Fargo Student Credit Card has a relatively low credit limit. This means that it may not be the best option for students who need to finance a large purchase. Additionally, the Wells Fargo Student Credit Card has a higher APR than some other student credit cards.
If you’re considering getting the Wells Fargo Student Credit Card, it’s important to weigh the pros and cons carefully to decide if it’s the right card for you.
Here are some other student credit cards to consider:
- Discover it® Student Cash Back
- Capital One Platinum Credit Card
- Bank of America® Cash Rewards credit card for Students
- Chase Freedom Unlimited® Student Card
These credit cards offer similar benefits to the Wells Fargo Student Credit Card, such as rewards on purchases, no annual fee, and a 0% introductory APR. However, they may have different credit limits and APRs.
How to apply for the Wells Fargo student credit card
To apply for the Wells Fargo Student Credit Card, you must be at least 18 years old and have a valid Social Security number. You must also be a U.S. citizen or permanent resident.
You can apply for the Wells Fargo Student Credit Card online or by phone. To apply online, simply visit the Wells Fargo website and fill out the application form. To apply by phone, call Wells Fargo at 1-800-956-9355.
When applying for the Wells Fargo Student Credit Card, you will need to provide the following information:
- Your name, address, and phone number
- Your Social Security number
- Your date of birth
- Your income
- Your employment information
- Your educational information
Wells Fargo will review your application and let you know if you are approved. If you are approved, you will receive your credit card in the mail within a few weeks.
Conclusion
The Wells Fargo Student Credit Card is a good option for students who are looking to build credit and earn rewards on their purchases. It’s also a good option for students who are looking for a credit card with no annual fee and a 0% introductory APR.
However, it’s important to note that the Wells Fargo Student Credit Card has a relatively low credit limit and a higher APR than some other student credit cards. If you’re considering getting the Wells Fargo Student Credit Card, it’s important to weigh the pros and cons carefully to decide if it’s the right card for you.
Frequently Asked Questions (FAQ)
What are the benefits of the Wells Fargo student card?
Earn rewards on all purchases, Get a 0% introductory APR, Build your credit history, No annual fee, Cellphone protection, Travel assistance services and Free FICO® Score.
Is the Wells Fargo student credit card good?
Yes, the Wells Fargo student credit card is a good option for students who are looking to build credit, earn rewards, and get access to helpful features. It offers a competitive rewards rate, a 0% introductory APR, and no annual fee. It also offers features that can be beneficial for students, such as cellphone protection and travel assistance services.
What is special about a student credit card?
Student credit cards are designed to help students build credit and learn how to use a credit card responsibly. They typically offer lower credit limits and more flexible underwriting requirements than regular credit cards. Student credit cards may also offer additional features that are beneficial for students, such as rewards programs and financial education resources.
What is the best credit card for students from Wells Fargo?
The best credit card for students from Wells Fargo is the Wells Fargo Cash Back College℠ card. It offers a competitive rewards rate, a 0% introductory APR, and no annual fee. It also offers features that can be beneficial for students, such as cellphone protection and travel assistance services.
Is student credit card better?
Whether a student credit card is better for you than a regular credit card depends on your individual needs and financial situation. If you are a student with limited or no credit history, a student credit card may be a good option for you because it can help you build credit.
Did Wells Fargo discontinue student credit card?
No, Wells Fargo did not discontinue student credit cards. Wells Fargo currently offers the Wells Fargo Cash Back College℠ card, which is designed specifically for students. However, Wells Fargo did discontinue its other student credit card, the Wells Fargo Campus Cash℠ card, in 2022.
