Wells Fargo Active Cash℠ Card Review – $200 Bonus and 2% Cash Back

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Overview

If you like earning steady cash rewards, look no further than Wells Fargo Active Cash℠ Card. It is a no-annual-fee credit card that awards cardholders unlimited 2% cash back on all purchases. There is no spending category restrictions or sign ups for rotating categories. Your cash rewards won’t expire as long as your account remains open. In addition, Wells Fargo Active Cash℠ Card gives out a $200 sign-up bonus after qualifying purchases. It also lets you enjoy 0% interest on purchases and qualifying balance transfers for 15 months from account opening.

  • New! Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions
Intro APR
0% on Purchases and qualifying Balance Transfers
Intro APR Period
15 months from account opening
Regular APR
14.99% - 24.99% (Variable)
Annual Fee (rates & fees)
$0

Card Benefits

$200 Cash Back Bonus

Cardholders of Wells Fargo Active Cash℠ Card can earn $200 cash bonus after spending $1,000 on purchases in the first 3 months. Earning the $200 bonus is like getting a 20% discount on your first $1,000 in purchases. It is an easy way to put more cash back in your pocket.

Cash Rewards

In addition to the welcome bonus, you will earn cash back rewards everywhere you go. Wells Fargo Active Cash℠ Card pays you unlimited 2% flat cash back on purchases. For your cash rewards, there are no rotating spending categories to keep track of and your rewards never expire. You can redeem cash rewards for paper checks, statement credits, or deposits to your eligible Wells Fargo checking or savings accounts.

0% Interest for 15 Months

Wells Fargo Active Cash℠ Card lets you have 0% interest on purchases and qualifying balance transfers for 15 months from account opening. After the introductory period, the go-to rate of 14.99% - 24.99% (variable) applies.

With the 0% intro APR on purchases, you can charge expensive purchases to the card now and pay off the balance 15 months later. As long as you make minimum payments shown on your credit-card statements every month, you will not have to pay any interest or fees for 15 months.

Furthermore, you can have 0% interest on balance transfers, which allows you to transfer existing balance of other credit cards to your new Wells Fargo Active Cash℠ Card. In this way, you can save money on interest fees by paying off current credit-card balance. And you can then pay no interest for 15 months on the Wells Fargo Active Cash℠ Card.

Savings on Balance Transfers

For each balance transfer, there is a one-time transaction fee. If you transfer balances within 120 days from account opening, the introductory balance transfer fee is 3% of the amount of each balance transfer, with a minimum fee of $5. After the 120-day introductory period, you pay up to 5% for each balance transfer, with a minimum of $5. The balance transfer fees of Wells Fargo Active Cash℠ Card are among the lowest of balance-transfer credit cards.

For instance, if you carry a balance of $10,000 on a credit card that has an interest rate of 25%, you can sign up for a new Wells Fargo Active Cash℠ Card to request a balance transfer to save about $2,825. The potential interest fees on the current credit-card balance is about $3,125 for 15 months. And the transaction cost is $300 for the balance transfer in the first 120 days. Therefore, the net savings is about $2,825. You can use our balance transfer calculator to find out how much you can save on balance transfers.

Potential Interest for 15 months$3,125.00
Balance Transfer Fee$300.00
Net Savings$2,825.00
Wells Fargo Cash Wise Balance Transfer Calculation

Complimentary Cellular Telephone Protection

Cardholders can enjoy complimentary Cellular Telephone Protection provided by Wells Fargo, which reimburses account holders for damage to or theft of cell phones. Just use your Wells Fargo Active Cash℠ Card to pay monthly cell phone bills, and you will get up to $600 of protection against covered damage or theft. It reimburses you for the cost of the repair or replacement of your original cell phone. You have a maximum benefit limit of $600 per claim, less a $25 deductible, and $1,200 per 12 month period.

Fees

Wells Fargo Active Cash℠ Card has no annual fee, which means there is no cost to keep the card. But for purchases that you make when you travel abroad, there are 3% foreign transaction fees. It is typical for no-annual-fee credit cards to have 3% surcharges on foreign purchases.

Required Credit Rating

Wells Fargo Active Cash℠ Card is for people with good or excellent credit profile. If your credit score is above 700, you may qualify for the credit card.

Is this the right card for you?

Wells Fargo Active Cash℠ Card is best for people who prefer straight cashback without dealing with spending categories. It lets you earn 2% straightforward cash rewards on all purchases, including gasoline, grocery, travel, dining, utilities, and more. It offers a nice bounty of $200 bonus cash after a mere $1,000 is spent on purchases in the first 3 months. Furthermore, Wells Fargo Active Cash℠ Card has no annual fee and features 0% introductory interest. In addition, you will receive free Cellular Telephone Protection of up to $600 per claim for damaged or stolen cell phones. In conclusion, these benefits make Wells Fargo Active Cash℠ Card an ideal cash back credit card to use for everyday purchases.

Similar Credit Cards

If you are interested in the Wells Fargo Active Cash℠ Card, you may consider a few other credit cards with similar benefits.

Cash Back Credit Cards

Credit CardCash RewardsAnnual Fee
Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card
  • 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • $0
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • $0
    (fees)
    Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit CardUnlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023$0
    American Express Blue Business Cash CardAmerican Express Blue Business Cash™ Card2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.$0
    (fees)

    Bonus Rewards

    Credit CardCredit Card BonusAnnual Fee
    Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit cardReceive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening$95
    Chase Sapphire Preferred CardChase Sapphire Preferred® CardOur best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.$95
    U.S. Bank Altitude Connect Visa Signature CardU.S. Bank Altitude® Connect Visa Signature® Card50,000 bonus points when you spend $3,000 in eligible purchases within the first 120 days of account opening. That's a $500 value redeemable towards merchandise, gift cards, cash back, travel and more.$0 introductory annual fee for the first 12 months, after that $95
    Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases$0
    Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
  • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
  • $0 introductory annual fee for the first year, then $95.
    (fees)

    0% Interest Credit Cards

    Credit Card0% Introductory InterestAnnual Fee
    Wells Fargo Platinum CardWells Fargo Platinum card0% on purchases and qualifying balance transfers for 18 months from account opening
    (rates & fees)
    $0
    BankAmericard Credit CardBankAmericard® credit card0% on purchases and qualifying balance transfers for 18 billing cycles$0
    Chase Freedom UnlimitedChase Freedom Unlimited®0% on purchases for 15 months$0
    Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit Card0% on purchases for 15 months$0
    U.S. Bank Altitude Go Visa Signature CardU.S. Bank Altitude Go Visa Signature Card0% on purchases and balance transfers for 12 billing cycles$0
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