Bottom Line

The Wells Fargo Active Cash® Card is a card in a category of it’s own. Since there aren’t many 2% cash back on all purchase cards out there, it’s a big deal when one enters the scene.

Wells Fargo Active Cash® Card entered the scene back in 2021, with no annual fee, $200 sign up bonus when you spend $500 in the first 3 months, and a no-interest promotion on new purchases and balance transfers. All of which make this cards value nearly impossible to find in any other card on the market.

While there may be many other credit cards that have better cash back on different categories, this card is meant for those who prefer one card. This one trick pony covers all categories at 2% and simplifies your spending so you don’t have to overthink a purchase. Any other card will pair well with the Wells Fargo Active Cash® Card, since it can be used as a daily driver card, with no worry on upkeep of the card.

At a glance

	Wells Fargo Active Cash® Card
Annual Fee	– $0
Sign up bonus	– $200 sign up bonus when you spend $500 in the first 3 months of card opening
Ongoing rewards	– 2% cash back on all purchases in any category
Foreign transaction fee	– 3%
APR	– 0% intro APR on Purchases for 15 months from account opening and 0% intro APR on Balance Transfers for 15 months from account opening on qualifying balance transfers – APR: 20.24%, 25.24%, or 29.99% Variable APR
Value of points redeemed	– 1 cent per dollar spent
Balance transfer fee	-3% for 120 days from account opening, then up to 5%, min: $5
Additional benefits	– No categories to track or remember and cash rewards don’t expire as long as your account remains open. – Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge. – Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible

Introduction to the Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card is one of the top cash-back credit cards on the market, offering an attractive combination of rewards, no annual fee, and valuable perks. If you’re looking for a card that helps you earn cash back effortlessly on all purchases, this card could be a fantastic option for you.

Whether you’re a casual spender or someone who uses your credit card frequently, the Wells Fargo Active Cash® Card offers a straightforward and generous rewards structure, along with a solid introductory bonus. In this guide, we’ll break down the card’s features, its benefits, how to redeem rewards, and how it compares to other cash-back cards in the market.

Key Features of the Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card is packed with a range of features that make it a top contender for those seeking a simple and rewarding credit card. Here’s a breakdown of the card’s main features:

1. Sign-Up Bonus

New cardholders of the Wells Fargo Active Cash® Card can earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months from account opening. This bonus is a solid reward for such a low minimum spending requirement, making it a great way to start earning right away.

2. Earn Unlimited 2% Cash Back on Every Purchase

One of the most appealing features of the Wells Fargo Active Cash® Card is the unlimited 2% cash back you’ll earn on all purchases. There are no rotating categories or complicated bonus categories to track—every dollar spent earns 2% cash back, making it easy to maximize your rewards across all of your purchases, from groceries to travel to dining.

3. No Annual Fee

Unlike many other rewards cards that charge an annual fee, the Wells Fargo Active Cash® Card has no annual fee, making it an excellent option for people who want to keep their card costs low while still earning valuable cash back rewards.

4. 0% Intro APR for the First 15 Months

For those planning a big purchase or looking to transfer existing high-interest debt, the Wells Fargo Active Cash® Card offers an introductory 0% APR on purchases and qualifying balance transfers for the first 15 months. After that, a standard variable APR of 19.24% to 27.24% applies, depending on your creditworthiness.

5. 0% Intro APR on Balance Transfers

The 0% intro APR on balance transfers is another benefit that sets this card apart, allowing you to save money on interest during the introductory period. There’s a 3% fee (min $5) for each balance transfer, which is lower than some other cards that charge higher fees.

6. No Foreign Transaction Fees

For those who travel abroad, the no foreign transaction fee feature is a valuable perk. Many cards charge a 3% fee on purchases made outside the U.S., but the Wells Fargo Active Cash® Card allows you to make purchases abroad without any extra fees.

7. Access to Wells Fargo’s Mobile App and Online Services

The Wells Fargo Active Cash® Card is fully integrated with Wells Fargo’s mobile app, allowing you to easily track your rewards, make payments, and manage your account. The app is user-friendly and can also help you monitor your spending habits, making it easier to stay on top of your finances.

How to Redeem Cash Back Rewards

The cash-back rewards you earn with the Wells Fargo Active Cash® Card are easy to redeem and use. Here are the main options for redeeming your rewards:

1. Statement Credits

One of the simplest ways to redeem your rewards is by applying them as a statement credit. For example, if you’ve earned $100 in cash back, you can use those rewards to reduce your balance by $100.

2. Direct Deposit into a Wells Fargo Account

If you’re a Wells Fargo customer, you can redeem your cash back directly into your Wells Fargo checking or savings account via direct deposit. This is a quick and convenient way to access your rewards.

3. Gift Cards

Wells Fargo allows you to redeem your rewards for gift cards to a wide range of retailers, including popular stores like Amazon, Target, and Walmart. This is a great option if you’re looking to use your rewards for specific purchases.

4. Paper Checks

You can also choose to receive a paper check for your cash-back rewards, although this option may take longer than others.

5. Reward Expiration

The cash back you earn with the Wells Fargo Active Cash® Card doesn’t expire as long as your account remains open and in good standing. This gives you plenty of time to accumulate rewards and redeem them when it’s most convenient.

Wells Fargo Active Cash® Card vs. Other Cash-Back Cards

How does the Wells Fargo Active Cash® Card compare to other popular cash-back credit cards? Let’s look at how it stacks up against two top competitors:

Wells Fargo Active Cash® Card vs. Citi® Double Cash Card

• Sign-Up Bonus: The Citi® Double Cash Card offers no sign-up bonus, while the Wells Fargo Active Cash® Card offers a $200 bonus after spending $500 in the first 3 months.
• Earning Rate: Both cards earn 2% cash back on all purchases. However, the Citi® Double Cash card earns 1% on every purchase and an additional 1% when you pay your bill, while the Wells Fargo Active Cash® Card earns the 2% flat rate on every purchase.
• Annual Fee: Both cards have no annual fee.
• APR Offers: The Wells Fargo Active Cash® Card offers 0% intro APR for 15 months on purchases and balance transfers, while the Citi® Double Cash Card has a standard APR with no introductory offer.

Wells Fargo Active Cash® Card vs. Chase Freedom Unlimited®

• Sign-Up Bonus: The Chase Freedom Unlimited® offers a $200 bonus after spending $500 in the first 3 months, which is identical to the Wells Fargo Active Cash® Card.
• Earning Rate: The Chase Freedom Unlimited® offers 1.5% cash back on all purchases, plus higher earnings in certain categories (3% on dining, 5% on travel booked through Chase). The Wells Fargo Active Cash® Cardoffers a flat 2% on all purchases, making it the more rewarding option for general spending.
• Annual Fee: Both cards have no annual fee.
• APR Offers: The Chase Freedom Unlimited® offers 0% intro APR for 15 months on purchases and balance transfers, identical to the Wells Fargo Active Cash® Card.

Who Should Consider the Wells Fargo Active Cash® Card?

The Wells Fargo Active Cash® Card is ideal for:

• People who want simplicity: If you prefer a flat, unlimited cash-back rate without worrying about rotating categories or spending restrictions, this card is a great choice.
• New credit card users: With its easy-to-understand rewards structure and solid sign-up bonus, the Wells Fargo Active Cash® Card is an excellent option for those new to credit cards or looking for a no-hassle card.
• Budget-conscious consumers: If you want to earn cash back without paying an annual fee, the Wells Fargo Active Cash® Card offers a lot of value with no additional cost.
• Balance transfer seekers: If you’re carrying high-interest credit card debt, the 0% intro APR on balance transfers for 15 months can help you save on interest.

Final Thoughts on the Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card offers excellent value for those looking to earn cash back on every purchase, with no annual fee, a solid introductory APR offer, and a generous sign-up bonus. The 2% cash-back rate on all purchases is one of the best in the industry, and with easy redemption options, it’s a great card for those who want simplicity and flexibility.

Whether you’re using it for everyday spending, paying off debt, or earning cash back on your favorite purchases, the Wells Fargo Active Cash® Card provides a strong combination of features and rewards.