Pros
- $200 cash rewards bonus
- $0 annual fee
- 2% cash rewards on purchases
- 0% introductory APR
Cons
- High regular APR
- Foreign transaction fee
- Balance transfer fee
Wells Fargo Active Cash® Card
Transfer Fee: 3% intro for 120 days, then up to 5% (min $5)
- Earn unlimited 2% cash rewards on purchases.
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Rewards Details
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- No categories to track or remember and cash rewards don't expire as long as your account remains open.
Additional Info
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- 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.
- More Details & Reviews About Wells Fargo Active Cash® Card
Is Wells Fargo Active Cash Worth It?
The Wells Fargo Active Cash® Card is definitely worth it for anyone with good credit or better who wants a $0 annual fee credit card with cash back rewards. The card gives 2% cash rewards on all purchases, plus $200 cash rewards after spending $500 in the first 3 months.
Wells Fargo Active Cash even offers an introductory purchase APR of 0% for 15 months from account opening, as well as 0% for 15 months from account opening on qualifying balance transfers. After that, the regular APR is 20.24% - 29.99% Variable.
What You Need to Do to Make Wells Fargo Active Cash Worthwhile
To make Wells Fargo Active Cash worthwhile, you should pay your credit card balance in full every month, in order to avoid interest. The card’s regular APR is 20.24% - 29.99% Variable, so you don’t want interest to wipe out all the value you get in rewards. The exception is during the card’s introductory APR period, when you’ll just have to make your minimum monthly payments to avoid interest. You should aim to get your balance to $0 by the end of that intro period, though.
To maximize the value of Wells Fargo Active Cash, you should make sure to spend $500 in the first 3 months to earn the card’s $200 Cash Rewards bonus. In addition, avoid using Wells Fargo Active Cash abroad, as there’s a 3% foreign transaction fee.
Wells Fargo Active Cash Card Highlights
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$200 initial cash rewards bonus
Spending $500 during the first 3 months with the Wells Fargo Active Cash Card qualifies new cardholders for its $200 initial cash rewards bonus. The Active Cash Card’s bonus is right around the market average for a cash back credit card ($242). But it’s very attractive compared to other cards with no annual fee.
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2% cash rewards on purchases
The Wells Fargo Active Cash Card’s ongoing rewards illustrate why the card is so good for people who want a simple, straightforward way to save, without any hassle or hoops to jump through. Not only do cardholders earn nearly twice as much as the average cash back credit card on all purchases, but those 2% cash rewards earnings are unlimited and won’t expire until your account gets closed. There are no bonus categories to sign up for, or anything like that, either.
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$0 annual fee
There are plenty of other cash back credit cards with no annual fee, but most cards this rewarding do charge annual membership fees. Not having to pay an annual fee saves you about $21.58 per year compared to the average credit card offer, in addition to making it much easier to get your money’s worth from the card over time.
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0% for 15 months from account opening on purchases and qualifying balance transfers
The Wells Fargo Active Cash Card’s introductory APRs prove it’s a great all-around offer and not just all about rewards. The 15 months from account opening that cardholders get without interest outpaces the average offer for balance transfers (13 months) and new purchases (11 months) by months.
Wells Fargo Active Cash Card Lowlights
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20.24% - 29.99% Variable APR
You don’t want to carry a balance from month to month with the Wells Fargo Active Cash Card after its 0% intro APR period ends. At that point, a regular APR of 20.24% - 29.99% Variable takes effect. The exact rate will depend on your overall creditworthiness, but in any case, it will be too high to be worth paying.
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3% foreign transaction fee
You don’t want to make purchases through international merchants with the Wells Fargo Active Cash Card. Purchases made while traveling abroad or through foreign-based merchants online will be inflated by 3%, thanks to its foreign fee. You’ll want to use a credit card with no foreign transaction fee for such purchases instead.
Other Things to Consider About the Wells Fargo Active Cash Card
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Several redemption options
The cash back rewards you earn with the Wells Fargo Active Cash Card can be redeemed toward the card’s bill, as a credit for another Wells Fargo loan or credit card account, or for gift cards. Cardholders with a Wells Fargo ATM card or debit card may also be able to redeem cash rewards from a Wells Fargo ATM.
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$600 in cell phone protection
Wells Fargo Active Cash is among a growing number of credit cards that provide a form of insurance against cell phone damage and theft. All you have to do is pay your monthly phone bill with the Active Cash Card, and you’re covered up to $600 (subject to a $25 deductible). In the event your phone is stolen or gets broken due to a covered cause, you can submit a claim for reimbursement, up to two claims in a 12-month period.
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Visa Concierge service
Thanks to the Visa Concierge benefit, Wells Fargo Active Cash cardholders can request assistance with everything from restaurant reservations to travel accommodations to event tickets. You can reach the Visa Concierge service 24/7 by calling 1-800-953-7392. Just note that Visa Concierge is not a feature unique to the Active Cash Card. It’s available across Visa Signature cards.
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Luxury Hotel Collection
Cardholders get extra perks, such as beverage credits and room upgrades, at a list of hotels curated by Visa. This could wind up saving you some money if you happen to book a night at the right hotel, but it shouldn’t be one of the main reasons for submitting a Wells Fargo Active Cash application.
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700+ credit score needed
The Wells Fargo Active Cash credit score requirement is 700 or higher, which means good or excellent credit. You can check your credit score for free on WalletHub to get a better idea of whether this card will be a good fit.
Wells Fargo Active Cash Card vs. Popular Competitors
Wells Fargo Active Cash® Card Review Methodology
This Wells Fargo Active Cash® Card review is based on WalletHub’s proprietary 100-point credit card rating system. By using a consistent methodology to evaluate the Wells Fargo Active Cash® Card and all other cards, WalletHub’s credit card experts make it easy for people to compare their options and find the best credit cards for their needs.
The WalletHub rating system uses 16 key metrics grouped into seven categories: Fees, Rewards, Two-year Cost, Interest Rates, Approval Requirements, Special Features, and Reviews. Each metric has a maximum number of points allocated to it, based on the metric’s importance as determined by our editors. The points are added up to create an overall rating for the Wells Fargo Active Cash® Card out of a maximum of 100 points, which is then converted to a 5-point scale.
Ratings for each category reflect how close Wells Fargo Active Cash is to WalletHub’s definition of a 5-star credit card, which is based on market conditions and what we believe are reasonable terms. We compare Wells Fargo Active Cash to that standard to give a numerical approximation of how reasonable and competitive its terms are compared to other cards.
To learn more about how WalletHub rates credit card offers, check out our full credit card review methodology.
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