The Wells Fargo Active Cash Card is an excellent credit card, with one of the best cashback conditions on cards considered entry-level. There are several attractive benefits of this card that you will learn about today.
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You’ll find out literally everything about the Wells Fargo Active Cash Card, including the welcome bonus. In addition to the conditions for you to receive money back. Additionally, we explain the fees involved, the requirements for approval, and how it compares to other popular cards.
That way, you’ll have a complete picture to decide if the Wells Fargo Active Cash Card is right for your financial profile. Keep reading and find out how to turn each purchase into a real advantage in your daily life.
4 Key Advantages of Wells Fargo Active Cash Card
1. Get $200 Welcome Bonus (Wells Fargo Active Cash Card)
The Wells Fargo Active Cash Card allows you to receive a welcome bonus.
The holder can receive $200 in cashback when spending $500 on purchases in the first 3 months after opening the account. That way, you will have an incentive to use the card in your daily life.
Unlike other cards, where expenses above US$ 2000.00 are required to have the welcome bonus. Thus, it is clear that this benefit is a great differential of Wells Fargo, since as you have seen, you will only need to spend around US$ 167.00.
2. You will receive 2% Unlimited Cashback on All Purchases
The Wells Fargo Active Cash card stands out for offering 2% unlimited cashback on all purchases, with no rotating categories or monthly limits.
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It is worth noting that this continuous rate is higher than the standard rate of 1.5% present in most reward cards, making it a very interesting option for those looking to receive a small percentage of their money back on each purchase.
3. No Annual Fee (Wells Fargo Active Cash Card)
The Wells Fargo Active Cash card does not charge an annual fee. It is worth noting that with an annual fee of $0, it becomes even more attractive for those looking for a credit card with cashback, but without having to pay an annual fee.
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In addition, the introductory APR is 0% for 12 months on purchases and balance transfers, providing financial relief for those who want to pay expenses in installments or reorganize interest-free debts during this period.
4. Mobile phone protection
In addition, Wells Fargo Active Cash also guarantees cell phone protection up to $600.00 against damage or theft. By paying a deductible of US$ 25.00 as long as the cell phone is paid with the card.
Credit card fees
Transfer fees (Wells Fargo Active Cash Card)
Wells Fargo Active Cash charges a balance transfer fee of 5% of the amount transferred, with a minimum of $5.
Even with this rate, many holders consider it advantageous due to the introductory APR of 0% for 12 months, which will save you on interest when consolidating debt.
Variable post-introductory APR
Wells Fargo Active Cash® offers a 0% introductory APR for purchases and balance transfers during the first 12 months after account opening.
It is worth noting that transfers must be made within 120 days to take advantage of the 3% promotional rate. This is because after this period, the fee rises to up to 5%, with a minimum of $5 per transaction.
It is worth noting that at the end of the promotional period, a variable APR between 19.24% and 29.24% applies.
Who is this card for? Find out if it’s for you and the requirements for approval
Wells Fargo Active Cash is ideal for those looking for simplicity and guaranteed return on everyday purchases.
With 2% unlimited cashback, it appeals to users who don’t want to worry about using different cards for different categories.
In general, those approved have an average credit score of 685, with 760 being the most frequent.
It is worth noting that the initial credit limit is around US$ 3,000.00. In addition, the average annual income of those approved is $90,458.
Other card options you should know about
1. Citi Double Cash Card
The Citi Double Cash Card is a great interesting choice, as it will not pay an annual fee, as this fee is zero.
The card, on the other hand, offers 2% cashback on any spending. In addition to having 1% at the time of purchase and another 1% when the invoice is paid.
In addition, new holders earn 20,000 ThankYou points, equivalent to $200 in cashback, when they spend $1,500 in the first 6 months after opening their account.
The card also has an introductory APR of 0% on balance transfers for 18 months. After this period, the rate becomes variable between 18.24% and 28.24%.
2. Alliant Cashback Visa® Signature
The Alliant Cashback Visa Signature is a great card for those looking for a high rate of return on everyday purchases.
You will still be able to receive 2.5% cashback on all purchases, capped at $10,000 per billing cycle. After this limit, the percentage of rewards can be reduced, but it still remains competitive.
With zero annuity, the card also attracts for its cost-benefit, especially for those who spend significant amounts monthly.
On the other hand, there are no welcome bonuses, which can be a negative point for those looking for initial rewards.
3. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards credit card operates on a simple points system designed to maximize daily spending.
It is worth noting that with it you earn 5 times more miles per dollar in hotels and car rentals booked by Capital One Travel.
In addition, as a welcome incentive, cardholders receive 75,000 bonus miles. This score is the equivalent of $1,000 worth of travel. To receive this money, you must spend $4,000 in the first three months. In addition, there is a $250.00 travel credit for the first year when booking through Capital One Travel.
Conclusion (Wells Fargo Active Cash Card)
The Wells Fargo Active Cash Card stands out as one of the best choices for those looking for a simple credit card.
With 2% unlimited cashback on all purchases, a $200 welcome bonus, zero annual fee, and mobile protection, it delivers real benefits from the first use, without requiring complex category management.
Compared to other options like Citi Double Cash or Alliant Cashback Visa, Active Cash combines consistent returns with solid perks and an affordable approval process for those with reasonable credit.