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Wells Fargo Active Cash Card Review: 2% Cash Back With a Bonus

The card features unlimited 2% cash back on all purchases, a sign-up bonus and a 0% intro APR promotion.

Flexible redemption options
There are four ways you can redeem your cash-back rewards:

  • A statement credit
  • A withdrawal from Wells Fargo ATMs in $20 increments using a Wells Fargo ATM or debit card.
  • A direct deposit into a Wells Fargo checking or savings account.
  • A mailed paper check.
  • Drawbacks and alternatives

    Rewards redemptions are somewhat tailored to existing Wells Fargo customers

    The simplicity of getting rewards as cash from an ATM or direct depositing them into a bank account is reserved for Wells Fargo customers. If you have a Wells Fargo ATM or debit card, you can withdraw your cash-back rewards in $20 increments from a Wells Fargo ATM. And if you have a Wells Fargo checking or savings account, you can have your rewards deposited there. Overall, these are decent redemption options, but you’ll get the most flexibility if you bank with Wells Fargo.

    Longer 0% intro APR offers exist

    The Wells Fargo Active Cash℠ Card provides a long period of time to pay down new purchases or balance transfers, but if your top priority is lowering your interest payments on a transferred balance for as long as possible, there are more generous options. The $0-annual-fee Citi® Double Cash Card – 18 month BT offer grants a longer time frame: 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. Incidentally, the Citi® Double Cash Card – 18 month BT offer also earns 2% cash back on all purchases (1% as you buy, 1% as you pay), though it lacks a sign-up bonus.