Wells Fargo Active Cash Card full review
It's hard to find a better flat or cashback card, trust me, if that's what you're looking for.
Exploring the Wells Fargo Active Cash Card
The Wells Fargo Active Cash Card is a standout among cash-back credit cards, making it an ideal choice for those who prefer simplicity in their financial management. With no annual fee and a generous cash rewards sign-up bonus, this card sets itself apart from other offerings in the market. Plus, it also comes with a 0% introductory APR offer, adding to its appeal.
While travel credit cards offer benefits like hotel credits or free flights, cash-back cards are valued for their straightforwardness. With no need to understand the complexities of redeeming points or miles, cash-back cards are convenient and often do not have an annual fee. Flat-rate cash-back cards, in particular, make earning rewards effortless by offering a predetermined percentage of cash back on all purchases.
The Mechanics of the Wells Fargo Active Cash Card
The Wells Fargo Active Cash Card provides a hassle-free experience with its unlimited 2% cash reward on purchases and no annual fee. This places it among the top flat-rate cash-back cards currently available. Additionally, it offers a 0% introductory APR on purchases and eligible balance transfers for the first 15 months. After that, a variable APR of 17.99%, 22.99%, or 27.99% will be applied.
If you’re considering balance transfers, the Wells Fargo Active Cash Card is a solid option. While there is a transfer fee, transfers made within 120 days qualify for the intro rate and a fee of 3%. After that period, the fee increases to up to 5%, with a minimum of $5.
Alongside its straightforward rewards structure, the card provides access to Visa Concierge, the Visa Signature Luxury Hotel collection, and perks for cell phone protection. Although it may lack some additional features found in other cards, it remains an excellent choice for individuals solely focused on cash back without the need for extra bells and whistles.
With its flat-rate structure, the Wells Fargo Active Cash credit card offers versatility in optimizing cash rewards. It’s a practical choice for new users who prefer simplicity over maintaining more complex bonus category cards.
Benefits of the Wells Fargo Active Cash Card
2% Cashback + Sign-up Bonus
While many cards earn 1.5% cash back, the Wells Fargo Active Cash Card stands out with its 2% cash reward. What truly sets it apart is the sign-up bonus: Receive $200 in cash rewards after making $1,000 in purchases within the first three months. This combination of a higher cashback rate and a sign-up bonus makes it a noteworthy choice in the market.
Multiple Redemption Options
When it comes to redeeming your cash-back rewards, the Wells Fargo Active Cash Card offers four different options:
- Account credit
- $20 withdrawal from a Wells Fargo ATM using a Wells Fargo debit card or ATM
- Direct deposit into a bank or savings account at Wells Fargo
- Paper cheque sent by mail
No Annual Fee
Annual fees can reduce the overall value of cards, but with the Wells Fargo Active Cash Card, you won’t need to worry about that. There is no annual fee, making it an easy card to keep for the long term.
0% Intro APR Offer
If you’re planning to make a large purchase and prefer to pay it off over time, or if you want to transfer debt from a high-interest card, the Wells Fargo Active Cash Card offers a 0% introductory APR on purchases and balance transfers for the first 15 months. After that, a variable APR of 17.99%, 22.99%, or 27.99% will be in effect.
Applying for the Wells Fargo Active Cash Card
If you’re intrigued by the benefits offered by the Wells Fargo Active Cash Card, check out our article on how to apply for this exceptional credit card.
