Wells Fargo Active Cash® Card
vs. U.S. Bank Cash+® Visa Signature® Card

Updated: June 10, 2024

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Both the Wells Fargo Active Cash® Card and the U.S. Bank Cash+® Visa Signature® Card offer cash back rewards and no annual fee, making them strong contenders for your wallet. However, the Wells Fargo Active Cash edges ahead with its straightforward unlimited 2% cash rewards on purchases, making it an excellent choice if you prefer simplicity and consistent value across all spending.

In contrast, the U.S. Bank Cash+ has customizable rewards that can yield higher cash back but require active management. This program may benefit you if you enjoy tailoring your rewards to your spending patterns.

Credit Card logo for Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card
Credit Card logo for U.S. Bank Cash+® Visa Signature® Card
U.S. Bank Cash+® Visa Signature® Card
MoneyGeek Rating
5/ of 5
MoneyGeek Rating
5/ of 5

  • Regular APR
    20.24%, 25.24%, or 29.99% variable
    19.74%–29.74% variable
    0% APR Offer
    0% for 15 months on purchases
    0% introductory APR for the first 15 billing cycles
    Intro Offer
    Earn $200 Cash Back
    Earn a $200 rewards bonus
    Rewards Summary
    Earn unlimited 2% cash rewards on purchases
    Earn 1%–5% cash back
    Balance Transfer Offer
    0% for 15 months on balance transfers
    0% introductory APR for the first 15 billing cycles
    Balance Transfer Fee
    3% of the amount of each balance transfer
    3% of the amount of each transfer (minimum $5)
    Annual Fee
    $0
    $0
    Recommended Credit
    670-850 (Good to Excellent)
    670–850 (Good to Excellent)
    Penalty APR
    None
    N/A
    Not sure?

Which Card Is Better for You?

You might prefer the Wells Fargo Active Cash if you value straightforward rewards without the need to track spending categories. Its unlimited 2% cash rewards on all purchases and additional perks like cell phone protection make it a strong contender for simplicity and value.

You might prefer the U.S. Bank Cash+ if your spending aligns with the card's bonus categories and you don't mind putting in a bit of work to maximize your rewards. It's a great fit for strategic spenders because you can earn up to 5% cash back in the categories you choose.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and other features side by side clarifies which card aligns with your financial habits. For instance, if you spend heavily in specific categories, U.S. Bank Cash+ might be advantageous, whereas Wells Fargo Active Cash offers simplicity with a flat rewards rate.

    discount icon

    Regular APR: U.S. Bank Cash+

    The U.S. Bank Cash+ offers a slightly lower starting APR at 19.74% (variable) compared to Wells Fargo Active Cash's 20.24% (variable). This makes U.S. Bank Cash+ a better option for those concerned with interest rates.

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    Annual Fee: Tie

    Both the Wells Fargo Active Cash and the U.S. Bank Cash+ have no annual fee, making them equally appealing for those looking to avoid extra costs.

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    Introductory 0% APRs: Tie

    Both the U.S. Bank Cash+ and Wells Fargo Active Cash offer a 0% introductory APR for 15 months on both purchases and balance transfers, with a 3% balance transfer fee (minimum $5). This makes them equally appealing for those looking to make new purchases or transfer balances without accruing interest for over a year.

    coins icon

    Rewards: U.S. Bank Cash+

    The U.S. Bank Cash+ offers more potential for higher rewards through 5% cash back in selectable categories and 2% in an everyday category. The Wells Fargo Active Cash provides a straightforward 2% cash back on all purchases, with no expiration and no categories to track.

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    Welcome Offers: Wells Fargo Active Cash

    The Wells Fargo Active Cash offers a better welcome bonus, with a higher return on investment (ROI) of 40% and a lower spending requirement to earn the $200 cash rewards bonus within the first three months.

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    Recommended Credit Score: Tie

    Both the Wells Fargo Active Cash and the U.S. Bank Cash+ require a credit score range of 670 to 850, indicating they are suited for individuals with good to excellent credit.

    autopay icon

    Penalties and Fees: Wells Fargo Active Cash

    Considering penalties and fees, the Wells Fargo Active Cash edges out slightly. Both cards have similar fees for cash advances and foreign transactions, but Wells Fargo Active Cash has a marginally lower late fee and no APR penalty.

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    Issuer Satisfaction: Wells Fargo Active Cash

    The Active Cash card is issued by Wells Fargo, which has an issuer satisfaction rating of 4.0. It outperforms Cash+ card's issuer, U.S. Bank, which has a rating of 3.5.

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    Other Features & Perks: Tie

    Both cards are Visa Signature cards, which come with perks such as Concierge access. Neither card provides unique perks that tip the scales in one direction or the other.

Rewards Comparison

Wells Fargo Active Cash is the go-to for consistent and hassle-free rewards. It offers unlimited 2% cash back on all purchases. It's a solid choice for those who value simplicity and don't want to keep track of category bonuses.

On the other hand, the U.S. Bank Cash+ has a customizable rewards program. It allows you to earn up to 5% cash back on two categories you select, 2% on an everyday category of your choice and 1% on all other purchases. This card is better suited for those willing to actively manage their rewards to maximize returns. However, the 5% cash back comes with a $2,000 purchase limit per quarter, which may limit its appeal for high spenders. Note that you must enroll each quarter into your chosen categories to earn the higher cash back rates.

The table below details the bonus categories for each card to help you compare at a glance.

Category
Wells Fargo Active Cash
U.S. Bank Cash+

Choice Categories

N/A

5% for the first $2,000 per quarter

Everyday Category

N/A

2%

All Other Purchases

2%

1%

Redeeming Rewards

The Wells Fargo Active Cash allows for straightforward cash rewards redemption in various forms, including statement credits and direct deposits, starting at $20 increments. Importantly, rewards do not expire as long as your account remains active.

The U.S. Bank Cash+ offers redemption for statement credit or direct deposit into U.S. Bank accounts once you've accumulated at least $25 in cash back. However, flexibility is somewhat limited as rewards cannot be redeemed for paper checks or into non-U.S. Bank accounts. Rewards also expire after 36 months, necessitating more frequent redemption to avoid loss of cash back.

Methodology

MoneyGeek evaluates credit cards like the Wells Fargo Active Cash and U.S. Bank Cash+ based on their performance in various use cases. For this comparison, we focus on the cash back category, where each card's highest score lies.

The most significant contributors to the cash back score are the effective reward rate and the return on investment for the offer. Other considerations include annual fees, issuer satisfaction, and recommended credit. For a deeper understanding of our process, you can review our ranking methodology.

FAQ: Wells Fargo Active Cash vs. U.S. Bank Cash+

What are the cash back rewards for each card?
Do either of the cards have an annual fee?
What are the introductory APR offers for these cards?
Can I choose my cash back categories with either card?
Are there foreign transaction fees for these cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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