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If you prefer low-hassle cash-back credit rewards, you’ll be hard-pressed to do any better than the Wells Fargo Active Cash® Card or the Citi Double Cash® Card.
These two cash-back cards both carry an annual fee of $0 and effectively offer an unlimited 2% cash back, although the Citi card expresses its rewards as 1% when you purchase and 1% when you pay it off.
And unlike other 2% cash-back cards, they don’t require you to jump through hoops by requiring you to, say, join a credit union or maintain a special account (like credit card options from Fidelity, PayPal or SoFi, for example.)
The Citi Double Cash® Card enjoyed a long run as a consumer favorite among flat-rate cash-back rewards cards. But for most people, it’s now edged out by the newer Wells Fargo Active Cash® Card.
Here's how to decide which card is right for you.
How the cards compare
Annual fee
$0
$0
Sign-up bonus
Wells Fargo Active Cash® Card
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Citi Double Cash® Card
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Rewards
Wells Fargo Active Cash® Card
2% cash back on purchases.
Citi Double Cash® Card
2% cash back; 1% when you purchase, 1% when you pay it off.
Intro APR offer
Wells Fargo Active Cash® Card
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.
Citi Double Cash® Card
0% intro APR on balance transfers for 18 months, and then the ongoing APR of 17.49%-27.49% Variable APR.
Still not sure?
Why the Wells Fargo Active Cash® Card is better for most people
Intro APR offer on balance transfers and purchases
The intro APR offers for the two cards differ.
- Wells Fargo Active Cash® Card: A 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.
- Citi Double Cash® Card: 0% intro APR on balance transfers for 18 months, and then the ongoing APR of 17.49%-27.49% Variable APR.
The biggest difference is the Wells Fargo Active Cash® Card has an intro APR offer for balance transfers and purchases, while its rival has one for balance transfers only. An interest-free period on purchases might be important if you have a large expense coming up that you couldn’t pay off right away.
Another subtle consequence is you lose the normal credit card grace period on purchases if you make a balance transfer with the Citi Double Cash® Card. That's because when you carry a balance, your credit card issuer eliminates the grace period. You begin to rack up interest on new purchases immediately after you make them. (This only matters if you take advantage of the balance-transfer offer on the Citi Double Cash® Card.)
Simpler
Granted, both of these cards are easy to use. You don’t have to think about where you’re using the card, whether at a gas station, restaurant or doctor’s office. The rewards are the same.
However, the Citi Double Cash® Card applies its 2% cash-back reward in a peculiar way: 1% when you purchase and 1% when you pay it off.
Because people looking for a flat-rate card probably value simplicity, the no-nonsense 2% rate of the Wells Fargo Active Cash® Card is better.
When 2% cash back isn’t quite 2%
A minor, technical point here, but one that separates these two oh-so-similar cards: The Wells Fargo Active Cash® Card gives you 2% cash back on purchases for an overall rewards rate of 2%, no matter how you redeem rewards. That one is simple.
So does the Citi Double Cash® Card — if you redeem rewards as a bank deposit or paper check.
But if you redeem cash back for a credit on your account statement, you don’t earn the second 1% on that redeemed amount. You never actually pay off the redeemed cash-back amount because it’s subtracted from your bill. It’s a minor dollar amount, probably totaling a few dollars a year for most people. But the statement-credit option does not offer a full 2% cash back.
Cell phone insurance
You know we’re digging deep when a differentiating factor is a minor feature like cell phone insurance. Still, it’s a useful benefit that the Wells Fargo Active Cash® Card has and its main competitor doesn’t.
Protection is secondary to your other insurance that might apply, such as homeowners or auto insurance.
Why you might want the Citi Double Cash® Card
Transfer partners
The Citi Double Cash® Card technically earns rewards in the form of Citi ThankYou points, and those points are worth a penny each when redeemed for cash back or for travel booked directly through Citi's travel portal.
But the card also allows transfers of those ThankYou points to Citi's multiple travel partners. The transfer ratio won't be favorable in many of those cases, unless you also happen to have a more expensive Citi card, like the Citi Strata Premier® Card or Citi Strata Elite℠ Card. But just having the option to transfer your points does grant you a bit of flexibility.
Full list of Citi transfer partners
Transfer ratios will vary depending on which card you have.
Airlines
- Aeromexico (1:1 or 1:0.7 ratio).
- American Airlines (1:1 or 1:0.7 ratio).
- Air France/KLM (1:1 or 1:0.7 ratio).
- Asia Miles (1:1 or 1:0.7 ratio).
- Avianca (1:1 or 1:0.7 ratio).
- Emirates (1:0.8 or 1:0.56 ratio).
- Etihad (1:1 or 1:0.7 ratio).
- Eva Air (1:1 or 1:0.7 ratio).
- JetBlue (1:1 or 1:0.7 ratio).
- Qantas (1:1 or 1:0.7 ratio).
- Qatar Airways (1:1 or 1:0.7 ratio).
- Singapore Airlines (1:1 or 1:0.7 ratio).
- Thai Airways (1:1 or 1:0.7 ratio).
- Turkish Airlines (1:1 or 1:0.7 ratio).
- Virgin Atlantic (1:1 or 1:0.7 ratio).
Hotels
- Accor Live Limitless (2:1 or 2:0.7 ratio).
- Choice Hotels (1:1.5 or 1:1.05 ratio).
- The Leading Hotels of the World (5:1 or 5:0.7 ratio).
- Preferred Hotels & Resorts (1:2 or 1:1.4 ratio).
- Wyndham (1:1 or 1:0.7 ratio).
Events
- Virgin Red (1:1 or 1:0.7 ratio).
The Wells Fargo Active Cash® Card has no transfer partners on its own. However, if you also carry the Wells Fargo Autograph® Card or Wells Fargo Autograph Journey℠ Card, you can transfer rewards earned with the Active Cash to one of those Autograph cards, which do come with transfer partners.
Full list of Wells Fargo transfer partners
Airlines
- Aer Lingus (1:1 ratio).
- Air France-KLM (1:1 ratio).
- Avianca (1:1 ratio).
- British Airways (1:1 ratio).
- Cathay Pacific (1:1 ratio).
- Iberia (1:1 ratio).
- JetBlue (1:1 ratio).
- Virgin Atlantic (1:1 ratio).
- Virgin Red (1:1 ratio).
Hotels
- Choice Privileges Hotels (1:2 ratio).
- Wyndham (1:2 ratio).
Which card should you get?
The Citi Double Cash® Card is a top-notch card when it comes to a no-fee, flat-rate cash-back card.
But the Wells Fargo Active Cash® Card gets the nod here largely because of its standard sign-up bonus and superior intro APR offer.
