The Wells Fargo Active Cash® Card is a solid cash-back card because of its high rewards rate and a sign-up bonus. Its $0 annual fee is another advantage.
It could be a good fit if you want to take a minimalist approach and use one rewards card for all purchases, or combine the Wells Fargo Active Cash® Card with other cards to maximize what you can earn.
Here are the benefits of the Wells Fargo Active Cash® Card.
2% cash back on all purchases
Earn an unlimited 2% cash back on all purchases, with no spending categories to memorize or limited-time bonuses to activate. A number of other flat-rate cash-back cards earn 1.5% back, though cards like the Wells Fargo Active Cash® Card are raising the bar.
Sign-up bonus
A card earning 1.5% can typically be more valuable than a 2% card if it earns a sign-up bonus (depending on your spending), so this is where the Wells Fargo Active Cash® Card comes out on top. Its sign-up bonus is phrased this way: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months..
0% intro APR on purchases and balance transfers
Pay 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers, and then the ongoing APR of 18.49%, 24.49%, or 28.49% Variable APR. The balance transfer fee is 3% intro for 120 days from account opening, then up to 5%, min: $5.
A variety of redemption options
Redeem your cash-back rewards for:
- A statement credit (the minimum redemption is $1).
- Cash back in the form of a deposit to a qualifying account (the minimum redemption is $25).
- Redeem as a credit to an eligible Wells Fargo mortgage, loan or credit product account.
- Gift cards.
Read about the benefits of other popular credit cards
Cell phone protection, plus other perks
Get up to $600 in coverage if your cell phone is stolen or damaged. You’re limited to two claims per year and are subject to a $25 deductible. You must use your Wells Fargo Active Cash® Card to pay your monthly cell phone bill to receive this benefit, and note that coverage may be secondary to other insurance policies you may already have, such as homeowners or renters insurance.
Wells Fargo Active Cash® Card cardholders have access to Visa perks, including:
- Visa Concierge, a service that assists you with travel or dining arrangements, event tickets and more.
- The Visa Signature Luxury Hotel Collection, where you can book a stay at a selection of hotels and receive benefits like room upgrades, free breakfast, food and beverage credits and more.
