Wells Fargo Active Cash: Unlimited Cash Rewards & Perks

Discover the Wells Fargo Active Cash card: Earn unlimited cash rewards on purchases, a $200 welcome bonus, and $0 annual fee. Plus, 0% intro APR.

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The Wells Fargo Active Cash credit card has emerged as a strong contender in the cash back rewards market. It happens because it offers a straightforward and appealing proposition for consumers.

With its promise of cash rewards on all purchases, a notable welcome bonus for new cardholders, and the attractive fee, this card aims to simplify how you earn back on your spending. Keep reading if you are keen to explore the key aspects of the Active Cash card!

A focused young man working on a laptop in a busy café or coworking space, with a Wells Fargo Active Cash Visa credit card image overlaid on the left side.

How the Credit Card Works

The Wells Fargo Active Cash card simplifies earning rewards. It provides unlimited 2% cash rewards on all your purchases, with no need to track expenditures or activate quarterly bonuses. Every time you use the card, from everyday expenses to significant buys, you accumulate cash back.

These rewards offer flexible redemption options. It includes statement credits, direct deposits to eligible Wells Fargo accounts, or even cash from an ATM.

This card appeals to individuals who value a straightforward, high-return cash back program without an annual fee. Though, a good credit history is typically necessary for approval for the Wells Fargo Active Cash card.

What are the main advantages of Wells Fargo Active Cash?

The Wells Fargo Active Cash card offers several compelling benefits for users seeking strong cash back value and useful features. Know now the main five key advantages:

  • Unlimited 2% Cash Rewards on Purchases: Cardholders earn a flat 2% cash back on every purchase. And the best thing: without any caps or rotating categories to track. This makes it easy to maximize rewards on all spending.
  • Generous Welcome Bonus: New cardholders can earn a $200 cash rewards bonus after spending $500 on purchases within the first three months. It provides immediate value.
  • $0 Annual Fee: Enjoy all the card’s benefits without worrying about an annual fee. This is what makes it a cost-effective choice for earning cash back.
  • Introductory 0% APR Offer: The card comes with a 0% introductory APR for 12 months from account opening.
  • Cellular Telephone Protection: Get up to $600 in cell phone protection against damage or theft (subject to a $25 deductible). You have this right when you pay your monthly cell phone bill with the card.

Disadvantages

While the Wells Fargo Active Cash card offers many strong benefits, potential applicants should also consider a few drawbacks. Understanding these can help you decide if it’s the right fit for your financial habits.

  • Foreign Transaction Fee: If you frequently travel internationally or make purchases in foreign currencies, this card charges a 3% foreign transaction fee on each transaction.
  • Balance Transfer Fee: Although there’s an introductory APR offer for balance transfers, a fee typically applies to the amount transferred.
  • Potentially High Regular APR: After the 0% introductory APR period ends, the variable APR can be relatively high.
  • Limited Premium Travel Perks: While it offers some Visa Signature benefits, it’s not primarily a travel rewards card. So, it lacks extensive premium travel-specific perks found in other cards.

You need to consider the pros and cons before deciding what is best for your lifestyle.

Rates and Commissions of Wells Fargo Active Cash

The Wells Fargo Active Cash card features a $0 annual fee. For new cardholders, there’s a 0.00% introductory APR for 12 months on both purchases and qualifying balance transfers (requested within 120 days of account opening). After the intro period, a variable APR of 19.24%, 24.24%, or 29.24% applies, based on creditworthiness. Cash advances incur a 29.99% variable APR.

Transaction fees include an introductory balance transfer fee of $5 or 3% (whichever is greater) for 120 days, then up to 5% (min $5). Cash advances are $10 or 5%. A 3% foreign transaction fee applies. Late payments may result in a fee of up to $40.

Always check the latest terms for current rates to take informed decisions.

Requirements and eligibility criteria

While Wells Fargo doesn’t explicitly list a minimum credit score or income, approval is subject to credit qualification. Generally, applicants with good to excellent credit have the best chance of being approved.

Wells Fargo also has specific rules regarding new accounts. For instance, you may not qualify for an additional Wells Fargo consumer credit card if you’ve opened one in the last six months.

Furthermore, eligibility for introductory offers like the 0% APR or the welcome bonus can be affected if you currently have or have had the Wells Fargo Active Cash card within the last 48 months, even if the account is closed. As with any credit card, you must submit an application for review and approval by Wells Fargo.

How to get a Wells Fargo Active Cash credit card

Applying for the Wells Fargo Active Cash card is straightforward. Here’s a summary:

  1. Application Process: You can typically apply online through the Wells Fargo website by clicking “Apply now” on the Active Cash card page. In-person applications at a Wells Fargo branch may also be an option. You’ll need to provide personal and financial information.
  2. Tips for Approval: Maintain a good to excellent credit score, ensure your credit report is accurate, have a stable income, and keep your debt-to-income ratio low.
  3. Receiving Your Card: If approved, you can generally expect to receive your physical card by mail within 7-10 business days.
  4. If Rejected: Wells Fargo will provide a reason for the denial. Review this information, address any correctable issues (like errors on your credit report or high balances), and consider reapplying after some time or exploring other card options.

Conclusion

The Wells Fargo Active Cash credit card stands out as a strong contender for individuals seeking a straightforward and rewarding cash back experience.

While it’s important to consider potential drawbacks, the overall package of benefits, including valuable perks like cellular telephone protection, is noteworthy. For consumers who prioritize simplicity in earning rewards without tracking categories, and appreciate a card with no annual cost, the Wells Fargo Active Cash card is certainly worth a closer look.

If you’re interested in applying for the Wells Fargo Active Cash credit card, you can visit the official website by clicking here!

APPLY TO WELLS FARGO ACTIVE CASH CREDIT CARD

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