Wells Fargo Active Cash

We know that rewards credit cards can be complex. Some of them offer great cashback, but only for clients that get their intro offers. Others have returns only on rotating categories which you have to keep track of to make the best out of the card. And some others have high annual fees that you can only make up for by using every single advantage of it. 

Don’t worry, you won’t have to think about any of this by using the Wells Fargo Active Cash. It’s a simple, hassle and worry free rewards card that takes the easy way out on the rewards. Instead of making you keep up with details and categories, it just gives 2% unlimited cash back on all purchases. 

This is a brand new card by the already traditional financial provider Wells Fargo. It became available in 2021 and is already one of the top cards in its categories. Are you ready to learn more about this annual fee-free card that gives you some great rewards? Keep reading!

We’ll explain what this credit card is all about, how to apply, advantages and how the intro offer works. 

How does the Wells Fargo Active Cash work?

As the name implies, the Wells Fargo Active Cash is a rewards credit card. In that regard, this is an unusual one since it makes away with most of these details to offer a straightforward experience. There are even some intro offers to convince you to apply for this credit card. 

It’ll be hard to find a similar card in its class. That’s why we think you really should read this article till the end. 

If you’re someone looking for ease and simplicity, this is the ideal card for you. Instead of using many rewards cards to get your returns, the Wells Fargo Active Cash allows users to get a single one for everything. From daily purchases to travel spending, you’ll get cash back for everything. 

One of the best parts of using this Wells Fargo product is the chance of earning cash back for literally everything. Most similar cards that offer a higher percentage of rewards have a few select categories. This isn’t the case here, as you’ll see below. 

Main advantages of using the Wells Fargo Active Cash

Why should you use the Wells Fargo Active Cash after all? For starters, this credit card is completely free. So if it doesn’t help your wallet (which we doubt will help), it doesn’t hurt it. You don’t have to pay an annual or set up fee, all you have to do is start using it. 

Check out other pros of owning a Wells Fargo Active Cash credit card:

• 2% unlimited cash back on every purchase;
• Varied redemption options for your cash back; 
• All of Visa Signature perks (including cell phone insurance protection);
• No annual fee;
• Intro APR offer;
• $200 cash rewards intro bonus; 
• Zero liability protection in case of identity theft.

When you sign up for the Wells Fargo Active Cash, you’ll also have access to every Visa Signature benefit. If you pay your monthly phone bill using the credit card, you’ll also get up to $600 protection against theft or various types of damage. In case of use, there’s the need to pay a $25 deductible fee. 

This is also a safe credit card that uses Voice Verification and two step verification technology for your account. Which means the chances of fraud and identity theft are much lower than with conventional cards. 

Understanding the cash back rewards

We finally got to the best part of the Wells Fargo Active Cash: the rewards and cash back. You’ll earn unlimited 2% cash back for every type of purchase. No need to worry about categories or other details, there are none for this credit card. 

For new users, this credit card also has a reward bonus: $200 after spending $1.000 in purchases in the first three months. Depending on your usual credit card spending, this could be quite the achievable goal. It is quite rare that a card that offers 2% cash back gives a cash intro bonus at all, so enjoy this one as much as possible. 

This credit card is also easier to use if it’s your first time working with a rewards card. Since the Wells Fargo Active Cash doesn’t have a spending limit or rewards limit, all you have to buy is buy. 

Another important information: the rewards earned using this program do not expire. Use them at a leisurely pace without many problems. 

Redeeming rewards from the Wells Fargo Active Cash

Redeeming rewards is quite easy. You can use your cash back to offset eligible purchases as low as $1 in your balance, making payment much easier. You can also get: 

• Gift cards;
• Statement credit; 
• Withdrawal from Wells Fargo ATMs using a debit card;
• Direct deposit in Wells Fargo conventional or savings account; 
• Paper check mailed to your address. 

Is there a welcome offer?

Yes! Unlike most cards of its type, the Wells Fargo Active Cash Card has a few welcome offers. The first, that we already mentioned, allows you to get $200 as a gift for spending $1.000 in three months. 

You’ll also have a 0% intro-APR offer for 15 billing cycles. Do you have some balance that’s getting more and more expensive due to interest rates in other cards? It’s time to transfer it, since there’s also 0% balance transfer intro-APR for eligible balance transfers as well. 

Rates and fees for this credit card

There’s no annual fee for this credit card! But there are some other fees that you might want to check out. Find some of the main ones below: 

• $0 annual fee;
• 0% intro-APR for balance and balance transfers for 15 months; 
• 16,49% – 26,49% variable APR after the intro period; 
• 3% promotional balance transfer fee for 3 billing cycles; 
• 5% balance transfer fee afterwards.

Overall, this is a low cost and low maintenance card. It’s worth having it in your wallet for your everyday needs and to get some cash back while purchasing.