Wells Fargo Active Cash Card Review


Top perks

The Wells Fargo Active Cash℠ Card ticks all the typical rewards card boxes with everything from purchase rewards to a long 0% intro APR offer.

Unlimited 2% cash rewards

Cardholders earn unlimited 2% cash rewards on purchases, with no categories to activate or earnings limits to track. While there are a few other cash back cards out there with the same rewards rate, the Wells Fargo Active Cash℠ Card stands out with its simplicity.

When you’re comparing credit cards with similar cash back, you’ll see that most have some sort of catch. You either have to redeem your rewards in a specific way, or there are multiple steps to earn the full amount. The Wells Fargo Active Cash℠ Card doesn’t do any of that. You’ll earn the same cash rewards on purchases when you make it, and you can redeem those rewards for everything from statement credits to gift cards.

$200 cash rewards sign-up bonus

New Wells Fargo Active Cash℠ Card holders can earn a $200 cash rewards sign-up bonus for spending just $1,000 on their card in the first three months. Not only is this a very competitive sign-up bonus for a card with no annual fee, but it’s also one of the things that sets this Wells Fargo credit card apart from other cash back cards.

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Long 0% APR intro offer

Another thing that makes the Wells Fargo Active Cash℠ Card different from other cash back credit cards is the 0% intro APR card offers. New cardholders can enjoy 0% intro APR on both new purchases and eligible balance transfers for a full 15 months. That’s a great offer, even when compared to cards marketed just for a 0% intro APR.

Keep in mind that only balance transfers made within the first 120 days will qualify for the reduced interest rate. There’s also a balance transfer fee that will apply to all transfers.

No annual fee

In many cases, high rewards rates mean high annual fees. Not with the Wells Fargo Active Cash℠ Card. The card has no annual fee, which means you won’t need to pay just to keep your account open.

While having no annual fee is great for any cardholder, it’s really ideal for rewards maximizers who want the Wells Fargo Active Cash℠ Card for those few purchases that don’t fit neatly into normal bonus categories. You’ll be able to hang on to the card with no annual fee, even if you’re not using it every day.

Cellphone protection

With the price of a typical cellphone in the hundreds of dollars, having some sort of insurance is a good idea. With this Wells Fargo card, you can get built-in cellphone protection just by paying your cellphone bill with your card. The protection covers your phone in the event of theft, damage, or “involuntary and accidental parting.” You can get up to $600 per claim — minus a $25 deductible — and up to two claims per 12-month period.

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View more information: https://www.fool.com/the-ascent/credit-cards/wells-fargo-active-cash-card-review/

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