If you like earning consistent cash rewards, the Wells Fargo Active Cash ® Card is just for you. It’s a no-annual-fee credit card that gives cardholders unlimited 2% cash back on all purchases. There are no spending category restrictions or rotating category registrations. Your cash rewards will not expire as long as your account remains open. Plus, the Wells Fargo Active Cash Card offers a $200 cash bonus on qualifying purchases. It also gives you 0% interest on purchases and eligible balance transfers for the first 15 months of account opening.
- $200 cash bonus after spending $500 in first 3 months
- Earn unlimited 2% cash rewards on purchases
- 0% introductory APR for 15 months from purchase and qualifying balance transfer account opening, then 19.99%, 24.99%, or 29.99% variable APR; balance transfers made within 120 days qualify for 3% introductory rate and fee, Then there is a BT fee of up to 5%, minimum: $5
- $0 annual fee
- There are no categories to track or remember, and cash rewards don’t expire as long as your account remains open
- Enjoy a range of exclusive benefits at a selection of the world’s most glamorous and prestigious hotels through the Visa Signature Concierge
- Get up to $600 in phone protection against damage or theft when you pay your monthly cell phone bill with an eligible Wells Fargo card ($25 deductible).
Benefits of the card
$200 Cash Bonus
Wells Fargo Active Cash Cardholders will receive a $200 cash bonus when they spend $500 within 3 months of opening the card. Earning a $200 cash reward is like getting 40% off your first $500 in purchases. It’s an easy way to put more cash back in your pocket.
In addition to the welcome bonus, you’ll be rewarded with cashback wherever you go. The Wells Fargo Active Cash Card pays you unlimited 2% fixed cash back. There are no rotating spend categories to track for your cash rewards, and your rewards never expire. You can exchange your cash reward for a paper check, statement credit or deposit into an eligible Wells Fargo checking or savings account.
15 months 0% interest
The Wells Fargo Active Cash Card gives you 0% interest on purchases and eligible balance transfers within 15 months of account opening. After the introductory period, a preferred rate of 19.99%, 24.99%, or 29.99% of the variant applies.
With 0% initial APR on purchases, you can charge expensive purchases to the card now and pay off the balance after 15 months. You won’t pay any interest or fees for 15 months as long as you make the minimum payment shown on your credit card statement each month.
Plus, you can enjoy 0% interest on balance transfers, which allow you to transfer existing balances from other credit cards to your Wells Fargo Active Cash Card. This way, you can save on interest charges by paying off your current credit card balance. You can then spend interest-free on the Wells Fargo Active Cash Card for 15 months.
Balance Transfer Savings
For each balance transfer, there is a one-time transaction fee. If you transfer balances within 120 days of account opening, the introductory balance transfer fee is 3% of each balance transfer amount, with a $5 minimum fee. After the 120-day introductory period, you pay up to 5% on each balance transfer, with a $5 minimum. The Wells Fargo Active Cash Card has the lowest balance transfer fees of any balance transfer credit card.
For example, if you hold a $10,000 balance on a credit card with a 25% interest rate, you can save approximately $2,825 by signing up for the Wells Fargo Active Cash Card for balance transfers. Potential interest charges on current credit card balances are approximately $3,125 over 15 months. There is a $300 balance transfer transaction fee for the first 120 days. So the net savings is about $2,825. You can use our balance transfer calculator to find out how much you can save with a balance transfer.
Free Cell Phone Protection
Cardholders are eligible for a free cell phone protection service from Wells Fargo, which reimburses account holders for damaged or stolen cell phones. Just pay your monthly cell phone bill with your Wells Fargo Active Cash Card and you’ll get up to $600 in insurance against covered damage or theft. It reimburses you for repairing or replacing your original phone. Maximum benefit limit per claim is $600, less a $25 deductible, and $1,200 per 12-month period.
The Wells Fargo Active Cash Card has no annual fee, which means there is no fee to hold the card. However, there is a 3% foreign transaction fee for purchases you make while traveling abroad. Credit cards with no annual fee generally charge a 3% surcharge for overseas consumption.
Required Credit Rating
The Wells Fargo Active Cash Card is for people with good or excellent credit. If your credit score is above 700, you may be eligible for a credit card.
Is This the Card for You?
The Wells Fargo Active Cash Card is best for people who prefer direct cash back without dealing with spending categories. It lets you earn 2% direct cash back on all purchases, including gas, groceries, travel, dining, utilities and more. It offers a $200 cash reward bonus after spending only $500 on purchases in the first 3 months. Plus, the Wells Fargo Active Cash Card has no annual fee and 0% introductory interest. Plus, you’ll get free cell phone protection up to $600 per claim for damaged or stolen phones. Taken together, these benefits make the Wells Fargo Active Cash Card an ideal cash back credit card for everyday purchases.