The Wells Fargo Active Cash® Card is a straightforward and rewards-rich credit card that offers an unlimited 2% cashback on every purchase—an attractive feature for those looking for a simple yet effective cashback card.
Whether you are making purchases for groceries, gas, or online shopping, this card offers consistent cashback without the hassle of rotating categories or sign-up requirements.
In addition to 2% cashback on all purchases, the card comes with a generous sign-up bonus and a 0% intro APR on purchases and qualifying balance transfers for 15 months (after which the regular APR applies).
This makes it a great option for both everyday spenders and those looking to transfer balances and save on interest in the short term.
The Wells Fargo Active Cash® Card also stands out due to its no annual fee, making it an accessible choice for a broad audience.
Alongside cashback rewards, cardholders enjoy fraud protection, travel insurance, and purchase protection.
Reasons to Choose the Wells Fargo Active Cash Card
Unlimited 2% Cashback on Every Purchase
One of the most appealing features of the Wells Fargo Active Cash® Card is its unlimited 2% cashback on every purchase.
This straightforward rewards program ensures that no matter what you buy, you will earn the same generous cashback rate.
Whether it’s a big purchase or a small one, you’ll always earn 2% back.
This is especially appealing for those who want a hassle-free way to earn rewards without needing to keep track of rotating categories or activation requirements.
No Annual Fee
The Wells Fargo Active Cash® Card has a $0 annual fee, which sets it apart from many other cashback cards that charge an annual fee.
This feature makes it a cost-effective option for people who want to earn cashback rewards without paying for the privilege.
Whether you use your card occasionally or frequently, you won’t have to worry about an annual fee eating into your rewards.
Introductory APR Offer
The card offers a 0% intro APR on purchases and qualifying balance transfers for 15 months (then, the variable APR will be 19.99% to 27.99%, based on your creditworthiness).
This is a great feature for individuals looking to make large purchases and pay them off over time without paying interest, or for those who want to transfer high-interest balances from other cards and save on interest.
Sign-Up Bonus
New cardholders can earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months.
This sign-up bonus provides a strong incentive for people to get started with the card, giving you a quick boost to your rewards balance.
The cash rewards bonus is easy to redeem as a statement credit, making it simple to use for future purchases.
No Foreign Transaction Fees
The Wells Fargo Active Cash® Card does not charge foreign transaction fees, which makes it a great option for people who travel abroad.
Many credit cards charge up to 3% on foreign purchases, which can add up quickly.
With this card, you can make purchases overseas without worrying about additional fees, making it ideal for frequent travelers.
Other Benefits and Protections
The Wells Fargo Active Cash® Card offers a range of valuable benefits, including fraud protection, purchase protection, and travel accident insurance.
If your card is lost or stolen, you’ll have the peace of mind that comes with fraud protection.
Additionally, purchase protection ensures that you are covered in case of damage or theft of items bought with your card.
These protections enhance the value of the card, providing security and reassurance when making purchases.
Easy Cashback Redemption
Cashback earned with the Wells Fargo Active Cash® Card can be redeemed as a statement credit, deposited into an eligible Wells Fargo account, or redeemed for gift cards.
The redemption process is straightforward and flexible, allowing you to use your rewards in a way that suits you best.
Negative Factors of the Wells Fargo Active Cash® Card
High APR After Introductory Period
After the introductory 0% APR period ends, the card has a variable APR of 19.99% to 27.99% for purchases and balance transfers, depending on your creditworthiness.
This can be a significant drawback for those who tend to carry a balance month-to-month.
If you don’t pay off your balance before the introductory period ends, the high APR could result in significant interest charges that outweigh the value of the rewards.
Limited Rewards for Non-2% Categories
While the 2% cashback on all purchases is generous, there are no bonus categories like some other cashback cards offer.
This means that, while you earn 2% cashback across the board, you don’t have the opportunity to earn higher rewards in specific categories, such as dining, travel, or entertainment.
For individuals who spend heavily in particular categories, other cards with specialized rewards may offer better returns.
High Balance Transfer Fees
While the 0% intro APR offer on balance transfers is attractive, the balance transfer fee is 3% of the transfer amount or $5, whichever is greater.
This fee can quickly add up if you’re transferring a large balance, potentially negating the benefits of the introductory APR offer.
For those planning to transfer balances, it’s important to consider the fee alongside the interest savings.
No Sign-Up Bonus for Existing Wells Fargo Customers
While the $200 cash rewards bonus is a great incentive for new cardholders, existing Wells Fargo customers may not qualify for the bonus if they already have a Wells Fargo Active Cash® Card or other Wells Fargo credit cards.
This may be a downside for those looking to maximize rewards without switching to a new card.
What Are the Requirements to Apply for the Wells Fargo Active Cash® Card?
To apply for the Wells Fargo Active Cash® Card, you must meet certain eligibility requirements:
Credit Score
You will generally need a good to excellent credit score (usually around 700 or higher) to qualify for this card.
Applicants with lower credit scores may still be approved, but they may face a higher interest rate or a lower credit limit.
Income
Applicants must have a reliable source of income to demonstrate that they can handle monthly payments.
There is no specific income requirement, but having a stable income will increase your chances of approval.
Age
Applicants must be at least 18 years old and meet the age requirements in their state of residence to apply for the card.
U.S. Residency
You must be a U.S. resident with a valid Social Security number or Individual Taxpayer Identification Number (ITIN).
Credit History
Wells Fargo will review your credit history, including your payment history, existing debts, and other factors when making a decision on your application.
Having a strong credit history will improve your chances of approval and help secure the best possible terms.
Fees and Costs
Here is a breakdown of the fees and costs associated with the Wells Fargo Active Cash® Card:
- Annual Fee: $0.
- APR: 0% intro APR on purchases and qualifying balance transfers for 15 months (then, 19.99% to 27.99% variable).
- Balance Transfer Fee: 3% of the transfer amount, or $5, whichever is greater.
- Cash Advance Fee: 5% of the amount or $10, whichever is greater.
- Foreign Transaction Fee: $0.
- Late Payment Fee: Up to $40.
- Returned Payment Fee: Up to $40.
- Sign-Up Bonus: $200 after spending $1,000 in the first 3 months.
Frequently Asked Questions
How much cashback do I earn with the Wells Fargo Active Cash® Card?
You earn 2% cashback on every purchase, with no limit or rotating categories.
How do I redeem my cashback rewards?
Cashback rewards can be redeemed as a statement credit, direct deposit, or gift cards.
Is there a foreign transaction fee?
No, the Wells Fargo Active Cash® Card has no foreign transaction fees, making it great for international purchases.
What is the introductory APR offer?
The card offers 0% intro APR on purchases and balance transfers for 15 months, followed by a variable APR of 19.99% to 27.99%.
How can I qualify for the $200 bonus?
To earn the $200 bonus, you must spend $1,000 on purchases in the first 3 months.
