Wells Fargo Active Cash® Card: Unlimited 2% Cash Back Plus a Bonus
The Wells Fargo Active Cash® Card is an attractive option for consumers seeking a straightforward rewards structure with excellent value. This card offers unlimited 2% cash back on every purchase, making it a strong contender for everyday use without the hassle of tracking spending categories. On top of that, cardholders can enjoy a sign-up bonus that further sweetens the deal. Whether you’re using it for groceries, gas, or online shopping, the 2% cash back accumulates quickly, turning everyday purchases into real savings.
Another key benefit is the lack of an annual fee, which means you can maximize your rewards without any extra cost. Wells Fargo also includes a 0% introductory APR for purchases and balance transfers for a set period, offering flexibility for those who want to finance larger purchases or pay down existing debt. With a user-friendly rewards structure, competitive rates, and added perks, the Wells Fargo Active Cash® Card stands out as a top choice for those looking to maximize their cash-back earnings with minimal effort.
What’s on This Page
In this review, we’ll cover the Wells Fargo Active Cash® Card in detail, including its features, rates, fees, and overall benefits. We’ll also compare this card to other popular cash-back cards, discuss its pros and cons, and offer a comprehensive review to help you decide if it’s the right option for your wallet.
The Bottom Line
The Wells Fargo Active Cash® Card offers a simple yet rewarding cash-back program with a generous 2% back on every purchase, no annual fee, and a competitive introductory APR. It’s perfect for people who want to earn cashback without managing complex reward categories. While some other cards may offer higher bonuses in select categories, this card’s flat-rate rewards and no-cost structure make it a great choice for many.
Rates, fees, and offers
The card comes with no annual fee, making it easy to keep and maintain. Wells Fargo offers a 0% introductory APR for purchases and balance transfers for up to 15 months, followed by a variable APR. Balance transfer fees and foreign transaction fees do apply, so be mindful when planning how to use the card.
More details from Wells Fargo
Wells Fargo is a longstanding, reputable financial institution known for offering a variety of credit cards with competitive rewards programs. The Active Cash® Card adds to their lineup by providing a versatile, no-fuss cash-back option with additional benefits like contactless payments and digital wallet compatibility.
Pros and Cons
When considering the Wells Fargo Active Cash® Card, it’s important to weigh the pros and cons to determine if it aligns with your financial goals and spending habits.
Pros
- Unlimited 2% cash back on all purchases
- No annual fee
- 0% introductory APR for 15 months
- Simple and straightforward rewards structure
Cons
- Foreign transaction fees
- No bonus categories for extra cash-back earning
- Some other cards offer higher cash-back rates in select categories
Detailed Review
Wells Fargo Active Cash® Card: Basics
The Wells Fargo Active Cash® Card is designed for consumers looking for a no-hassle cash-back experience. With a flat 2% cash-back rate on all purchases, there’s no need to track spending in various categories or activate special offers. The card also comes with a 0% APR introductory offer on both purchases and balance transfers, making it versatile for both everyday spending and larger financial maneuvers.
Compare to Other Cards
Compared to other cash-back credit cards, the Wells Fargo Active Cash® Card stands out for its simplicity. While some cards offer rotating categories or tiered rewards, this card’s flat 2% on everything makes it more accessible for cardholders who prefer not to manage multiple bonus structures. However, if you frequently spend in specific categories like dining or travel, other cards might offer higher earning potential in those areas.
Benefits and Perks
2% cash back, plus a sign-up bonus
One of the card’s standout features is the unlimited 2% cash-back on every purchase, with no restrictions or spending categories to worry about. Additionally, new cardholders can enjoy a sign-up bonus after meeting a minimum spending requirement, adding even more value to the card.
No annual fee
With no annual fee, the Wells Fargo Active Cash® Card is a low-cost option for maximizing rewards. You can focus on earning cashback without worrying about whether you’ll spend enough to justify a yearly fee.
Flexible redemption options
Cash-back rewards can be redeemed in several ways, including as a statement credit, direct deposit, or as a credit to an eligible Wells Fargo account. This flexibility ensures that you can use your rewards in a way that best suits your financial needs.
0% intro APR offer
The 0% introductory APR for 15 months on purchases and balance transfers makes this card a solid choice for those who need to finance larger purchases or consolidate debt. After the intro period, the APR reverts to a variable rate.
Extras make the card feel fancy
The card offers a few extras that enhance its value, including cell phone protection when you pay your bill with the card, and access to Visa Signature Concierge services.
Drawbacks and Considerations
Rewards redemptions are somewhat tailored to existing Wells Fargo customers
If you don’t already bank with Wells Fargo, you may find the rewards redemptions slightly less convenient, as some options may cater more to current customers. However, this won’t be a significant drawback for most users.
Other cash-back cards earn more
Some cash-back cards offer higher rewards rates in specific categories like groceries, dining, or travel. If you spend heavily in one of these categories, you might earn more with a different card.
Longer 0% intro APR offers exist
While 15 months of 0% APR is competitive, there are other cards that offer longer periods for both purchases and balance transfers, making them a better fit if you need more time to pay down balances.
Foreign transaction fee
This card charges a 3% foreign transaction fee, which makes it less ideal for international use. If you travel frequently, you might want to consider a no-foreign-transaction-fee card instead.
How To Decide If It’s Right For You
The Wells Fargo Active Cash® Card is a great option if you want a simple, flat-rate cash-back card with no annual fee. It’s ideal for people who prefer not to track multiple reward categories or who are looking for a 0% intro APR period. However, if you’re a frequent traveler or tend to spend heavily in specific categories, you may want to consider a card with bonus rewards or no foreign transaction fees.
Looking For Something Else?
If the Wells Fargo Active Cash® Card doesn’t meet your needs, there are plenty of other cash-back and rewards cards available. Whether you’re looking for a card with higher category-specific earnings, travel perks, or a longer 0% APR period, you can find alternatives to suit your financial goals.
Methodology
Our review is based on a thorough analysis of the card’s features, terms, and perks. We consider factors such as rewards rates, fees, and overall value to help you make an informed decision. Keep in mind that credit card terms can change, so always check with Wells Fargo for the most up-to-date information.
Frequently Asked Questions
How do I apply for a credit card with Wells Fargo?
You can apply for a Wells Fargo credit card by visiting their website or stopping by a local branch. The application process is straightforward and requires personal and financial information, including your Social Security number and income details.
Is Wells Fargo a good credit card?
Wells Fargo offers a variety of credit cards that cater to different financial needs. The Active Cash® Card, in particular, is highly rated for its cash-back rewards, no annual fee, and introductory APR offers, making it a solid choice for many consumers.
Does Wells Fargo have a cash-back credit card?
Yes, Wells Fargo offers several cash-back credit cards, including the Wells Fargo Active Cash® Card, which provides 2% cash-back on all purchases with no spending categories to worry about.
How do cash-back credit cards work?
Cash-back credit cards reward you with a percentage of your purchases as cash back. Depending on the card, you can earn cash back on all purchases or in specific spending categories. You can usually redeem your cash-back rewards as a statement credit, direct deposit, or for other rewards like gift cards.
Is it worth getting a cash-back card?
If you regularly use credit cards for purchases, a cash-back card can help you earn rewards that you can use toward your balance, savings, or other rewards. It’s important to consider the card’s annual fee (if any), the rewards rate, and your spending habits to determine if it’s worth it.
