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- Wells Fargo Active Cash® Card
A great no-annual-fee cash back card with an intro APR offer
- 2% Cash BackRewards Rate
- 19.99%, 24.99%, or 29.99% VariableAPR
- $0Annual Fee
- Good–ExcellentRecommended Credit
The Wells Fargo Active Cash® Card is a standout offering in the crowded field of cash back credit cards. It offers a flat rate of 2% cash back on all purchases, making it an appealing choice for those who prefer an uncomplicated, hassle-free rewards structure. One of its key features is a generous sign-up bonus with a low spending requirement, providing an immediate value boost to new cardholders. Adding to its allure, the card offers an introductory period of interest-free credit for purchases and qualifying balance transfers from account opening, a feature that makes big purchases or balance transfers more manageable in the card's early life.
This card also offers a unique feature in the form of cell phone protection, a nod to the digital age's realities and the average consumer's everyday needs. Best of all, these benefits come with no annual fee, making it an economical choice for those looking to earn rewards without paying to have a card.
Wells Fargo Active Cash® Card Overview
The Wells Fargo Active Cash® Card offers a high flat rate of cash back, making it an ideal card for people looking to earn rewards from a variety of purchases, whether groceries, gas or large purchases like electronics. Here are some key details to know:
- Rewards rate: Unlimited 2% cash back
- Welcome offer: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Regular APR: 19.99%, 24.99%, or 29.99% (variable)
- Annual fee: $0
- Intro APR offer: 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers made within the first 120 days (followed by 19.99%, 24.99%, or 29.99% variable)
Important Card Details
The Wells Fargo Active Cash® Card is a great choice for a no-annual-fee flatrate cash back card. Take a look at the following features and consider your spending habits in order to decide if this is the right card for you.
High Regular APR
The Wells Fargo Active Cash® Card features a relatively high variable APR of 19.99%, 24.99%, or 29.99%, depending on your creditworthiness. This will make carrying a balance expensive over time, so if you take advantage of the intro APR offer, make sure to pay off your balance before the period ends.
Cash Back Reward Rate
You get 2% cash back on all your purchases with the Wells Fargo Active Cash® Card, and a limit does not apply to the amount you can earn. The rewards you receive don’t expire as long as your account remains active.
Balance Transfer APR and Fees
With the Wells Fargo Active Cash® Card, you get to enjoy 0% APR on balance transfers for the account’s first 15 months. It becomes 19.24% – 29.24% afterward, based on your credit rating.
Plus, all balance transfers made to the Wells Fargo Active Cash® Card are subject to a balance transfer fee. It’s the greater of 3% or $5 if you make the transfer within 120 days from account opening and 5% or $5 afterward.
Foreign Transaction Fee
You'll pay a 3% foreign transaction fee whenever you use the Wells Fargo Active Cash® Card outside of the United States or make purchases from merchants based overseas.
Cell Phone Protection
You can receive up to $600 of cell phone protection for damage and theft by paying your monthly bill with this card (a $25 deductible applies).
Visa Signature Benefits
In addition to customary benefits, like usage-based roadside service and car rental insurance, this card also boasts perks such as Visa Signature Concierge Services, enhancing your cardholder experience with personalized assistance. To top it off, you can enjoy exclusive discounts on luxury experiences, making your journey even more rewarding.
How the Wells Fargo Active Cash® Card Compares To Other Cards
Since few credit cards offer 2% cash back rewards, the Wells Fargo Active Cash® Card already outweighs most in its category. That it also comes with no annual fee and a welcome bonus. Still, it makes sense to compare the Wells Fargo Active Cash® Card benefits with other cards to ensure you get the best card for your needs.
How This Card Compares
Wells Fargo Active Cash® Card
- Rewards rate: Unlimited 2% cash back
- Welcome offer: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Regular APR: 19.99%, 24.99%, or 29.99% (variable)
- Annual fee: $0
- Intro APR offer: 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers made within the first 120 days (followed by 19.99%, 24.99%, or 29.99% variable)
- Best For: High flat cash back rate on all purchases
Capital One Quicksilver Cash Rewards
- Rewards rate: Unlimited 1.5% cash back, 5% cash back on hotels and rental cars booked through Capital One Travel
- Welcome offer: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Regular APR: 19.99% to 29.99% (variable)
- Annual fee: $0
- Intro APR offer: 0% intro APR for 15 months on purchases and balance transfers; 19.99% to 29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months.
- Best for: Flat-rate rewards and bonus cash back on travel
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