pitting on chrome wheels is more than likely to be caused by something breaking the super thin chrome surface and working down to the reflective nickel layer. Really bad pitting can come from things such as road salt, sand, abrasive brake dust improperly removed.
Chrome steel wheels usually are plated using nickel then chrome.
Chrome alloy wheels are triple plated: copper to fill pores and provide a better surface for nickel. Then nickel and chrome.
Once something like salt gets through the chrome top layer, it will chemically react with nickel, then the copper (if it's an alloy wheel).
So, the answer is no. Wax does not cause pitting.
Toto