Wells Fargo & Company has rolled out its latest Visa-branded credit card, known as Wells Fargo Cash Wise, that offers unlimited 1.5% cash rewards on net purchases and includes other features.
Cardholders can redeem their cash rewards at any Wells Fargo ATM with their Wells Fargo Debit or ATM card, direct deposit into their qualifying Wells Fargo current or savings account.
They can also apply cash rewards toward the principal balance of a qualifying Wells Fargo line or loan and receive their cash rewards as a statement credit or as a cheque.
Wells Fargo also unveiled Cash Track, a new feature available exclusively to Cash Wise cardholders through Online Banking.
Cash Track enables cardholders to view their cash rewards, set a cash rewards goal, track their progress, view lifetime cash rewards earnings and redeem their cash rewards in just a few clicks.
Wells Fargo head of consumer financial services Beverly Anderson said: "Customers who want the simplicity of ‘cash is king’ will love what Cash Wise gives them – a straightforward way to earn cash rewards for their everyday purchases without tracking bonus categories or earnings caps.
"Any time we can bring an exciting new offer to market or enhance existing offers and experiences to meet more of our customers’ needs, we are proud and pleased to do that."