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Wells Fargo Active Cash℠ Card

Wells Fargo Active Cash℠ Card

Wells Fargo Active Cash℠ Card

Sign Up Bonus
Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Extra Perks
No category restrictions or sign ups and cash rewards don’t expire as long as your account remains open
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Wells Fargo Active Cash℠ Card card best for?

Wells Fargo recently released a stellar flat-rate cashback credit card, the Wells Fargo Active Cash℠ Card.

It’s aimed at applicants with excellent/good credit who want to earn unlimited 2% cash rewards on purchases for a $0 annual fee. If you don’t like keeping track of rewards categories, this card makes it easy.

The Wells Fargo Active Cash℠ Card isn’t the first flat-rate 2% cashback card, of course. Consumers looking to earn a high cashback rate on every purchase have long turned to the Citi® Double Cash Card – 18 month BT offer. The latter card lets you earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. And its annual fee is also $0.

However, cardholders with the Citi® Double Cash Card earn half their cash back after making a purchase and the rest after paying on the card. If you prefer to earn all your cash back upfront, you might like the Wells Fargo Active Cash℠ Card better. Plus, the Wells Fargo card offers the chance to earn a sign-up bonus as well as generous purchase and balance transfer intro APR deals.

Card overview

    • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
    • Earn unlimited 2% cash rewards on purchases
    • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
    • $0 annual fee
    • No category restrictions or sign ups and cash rewards don’t expire as long as your account remains open
    • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Active Cash℠ Card
    • Select “Apply Now” to learn more about the product features, terms and conditions
  • Credit needed:
    660 850
    Excellent/Good
  • 24/7 access to the Visa Signature Concierge
  • Benefits when staying at a property in the Visa Signature Luxury Hotel Collection
  • Travel and emergency assistance services
  • Roadside Dispatch when you call 1-800-847-2869

Intro Purchase APR

0% intro APR for 15 months from account opening

Intro BT APR

0% intro APR for 15 months from account opening on qualifying balance transfers

Annual Fee

$0

Regular Purchase APR

14.99%-24.99% (Variable)

Cash Advance Fee

Refer to Important Credit Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

3% intro for 120 days from account opening, then up to 5%; min: $5

Pros and cons

Pros

  • Sign-up bonus
  • Straightforward rewards
  • Long intro APR periods
  • Cellphone protection
  • $0 annual fee

Cons

  • Potentially high APR
  • Bonus and intro APR restrictions
  • Foreign transaction fee: 3%

What we like about the Wells Fargo Active Cash℠ Card

  • Valuable sign-up bonus

    Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months. Putting approximately $333.33 per month on the card should allow you to hit this spend requirement.

  • Earn flat-rate cash back

    Earn unlimited 2% cash rewards on purchases. Unlike with some other cashback cards, there are no bonus categories to activate or spending categories that earn more cash back than other purchases — just a solid flat rate on every purchase you make. Redemption options include:

    • To cover past purchases (can be as little as $1).
    • As a credit to a qualified Wells Fargo mortgage, loan or credit product account.
    • For cash in $20 increments at an ATM (when you use your Wells Fargo ATM or debit card).
    • Toward gift cards from a variety of retailers.
  • Intro APR on purchases and balance transfers

    If you need to make a big purchase and want to pay it off over time without incurring interest charges, the Wells Fargo Active Cash℠ Card can help you do that with a 0% intro APR for 15 months from account opening. After, a 14.99%-24.99% (variable) APR applies.

    There’s also a 0% intro APR for 15 months from account opening on qualifying balance transfers. After, a 14.99%-24.99% (variable) APR applies. The balance transfer fee is 3% intro for 120 days from account opening, then up to 5%; min: $5. If you need to pay off high-interest debt from another card, this is a solid deal.

  • Cellphone protection

    When you pay your monthly cellphone bill with the Wells Fargo Active Cash℠ Card, you can get up to $600 of protection against damage or theft, subject to a $25 deductible. Terms apply. Maximum of two paid claims per 12-months period, with each claim being eligible for up to $600 of coverage.

  • $0 annual fee

    The nice thing about cashback cards with no annual fee is that, as long as you don’t incur interest charges or other fees, everything you earn in rewards is net cash back from the very start. That’s the case with the Wells Fargo Active Cash℠ Card and its $0 annual fee.

What to watch out for with the Wells Fargo Active Cash℠ Card

  • You might end up with a high APR

    This card’s APR range is 14.99%-24.99% (variable). We recommend always paying in full each billing cycle so as to avoid interest charges, but we understand that might not always be possible. If you do need to roll over a balance from time to time, and your APR has been set at the higher end of the Wells Fargo Active Cash℠ Card‘s range, be aware the interest charges you incur could be expensive. But know that interest charges will be waived during the initial intro APR period.

  • Sign-up bonus and intro APR eligibility restrictions

    You might not be eligible for the introductory APR periods or the sign-up bonus on the Wells Fargo Active Cash℠ Card if you’ve opened a Wells Fargo credit card within 15 months of applying for this card and received an introductory APR period, introductory fees, or a bonus reward offer. That restriction holds true even if your old Wells Fargo card is now closed and has a $0 balance.

  • There's a foreign transaction fee

    The Wells Fargo Active Cash℠ Card charges a 3% foreign transaction fee, so if you’re traveling abroad, leave this card at home and take one with no foreign transaction fee instead.

Alternate cashback card

Compare it to the Chase Freedom Flex℠

Disclosures |
Chase Freedom Flex℠
Chase Freedom Flex℠
on Chase's secure site
0% Intro APR on Purchases for 15 months
14.99% - 23.74% Variable
$0
Earn 5% cash back on eligible purchases in rotating categories, 5% on
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

Cardholders willing to activate rotating bonus categories each quarter can get significant value from the Chase Freedom Flex℠. Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases.

Some examples of past rotating 5% cashback categories Chase has offered include the following:

  • Grocery stores (excluding Target and Walmart) and select streaming services.
  • Gas and home improvement stores.
  • Walmart and PayPal.

Plus, earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. This card offers a lot of value for a $0 annual fee.

The Chase Freedom Flex℠ also offers cellphone protection of up to $800 per claim ($50 deductible). There’s a cap of $1,000 per year and a maximum of two claims per 12-month period.

Before you apply, however, make sure you’re in the clear with the unwritten Chase 5/24 rule. In short, if you’ve opened five or more cards from any issuer in the past 24 months, Chase will deny your application.

Compare the Wells Fargo Active Cash℠ Card to similar cards

Comparison of four different credit cards
Wells Fargo Active Cash℠ Card Chase Freedom Flex℠ Citi<sup>®</sup> Double Cash Card – 18 month BT offer Blue Cash Preferred<sup>®</sup> Card from American Express
Wells Fargo Active Cash℠ Card Chase Freedom Flex℠ Citi® Double Cash Card – 18 month BT offer Blue Cash Preferred® Card from American Express
Apply Now
on Wells Fargo's secure site
Apply Now
on Chase's secure site
Apply Now
on Citibank's secure site
Apply Now
on American Express's secure site
Terms Apply
Welcome Offer
Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. No bonus $300 back after you spend $3,000 in purchases on your new Card within the first 6 months.
Rewards Rate
Earn unlimited 2% cash rewards on purchases Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply.
Annual Fee
$0 $0 $0 $0 introductory annual fee for the first year, then $95
Intro Purchase APR
0% intro APR for 15 months from account opening 0% Intro APR on Purchases for 15 months N/A 0% on purchases for 12 months
Regular APR
14.99%-24.99% (Variable) 14.99% - 23.74% Variable 13.99% – 23.99% (Variable) 13.99%-23.99% Variable
Intro Balance Transfer Rate
0% intro APR for 15 months from account opening on qualifying balance transfers N/A 0% for 18 months on Balance Transfers N/A
Regular Balance Transfer Rate
14.99%-24.99% (Variable) 14.99 - 23.74% Variable 13.99% – 23.99% (Variable) N/A
Balance Transfer Fee
3% intro for 120 days from account opening, then up to 5%; min: $5 Either $5 or 5% of the amount of each transfer, whichever is greater. 3% of each balance transfer; $5 minimum. N/A
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Wells Fargo Active Cash℠ Card Chase Freedom Flex℠ Citi® Double Cash Card Blue Cash Preferred® Card from American Express

Is the Wells Fargo Active Cash℠ Card right for you?

The Wells Fargo Active Cash℠ Card keeps things simple, and what it does, it does very well. Consumers who value simplicity and want consistent cash back on every purchase for a $0 annual fee will love this card.

If you’re aiming to maximize cash back, consider pairing this card with another. For example, those who spend heavily on groceries might wish to use the Blue Cash Preferred® Card from American Express when swiping at U.S. supermarkets and the Wells Fargo Active Cash℠ Card for all purchases where the Blue Cash Preferred® Card from American Express doesn’t earn a boosted rate.

Be strategic when planning your Wells Fargo Active Cash℠ Card application, however. If you’ve opened any Wells Fargo credit card in the past six months, the bank is likely to deny your application for this one.