It’s rare to find cash-back credit cards that give you 2% back on all purchases, so when a card does offer this, it’s worth celebrating. The Wells Fargo Active Cash® Card is one such card, and it has a lot to offer. It gives you unlimited 2% cash back on all your purchases, and it also comes with a sign-up bonus and a promotion where you won’t pay interest on new purchases and balance transfers.

These features make the Wells Fargo Active Cash® Card stand out from other cards in its category. It’s a great choice for people who prefer using just one card for all their shopping needs.

However, it’s worth noting that some other cards may offer higher rewards rates for specific spending categories like groceries or restaurants. So if you’re someone who likes using different cards for different purchases, you might be able to earn more rewards by combining the Wells Fargo Active Cash® Card with other cards.

the Wells Fargo Active Cash® Card is an excellent option for those who want a straightforward cash-back credit card with a 2% return on all purchases. It’s perfect if you prefer the convenience of using just one card. However, if you’re open to managing multiple cards, you can maximize your rewards potential by pairing this card with others

Let’s take a look at the basic details of the Wells Fargo Active Cash® Card:

• Card type: It’s a cash-back credit card.

• Annual fee: There’s no annual fee to pay.

• Sign-up bonus: You can earn a $200 cash rewards bonus if you spend $500 on purchases within the first 3 months.

• Rewards: You’ll receive unlimited 2% cash rewards on all your purchases.

• Redemption options: You have various options to redeem your rewards. You can choose a statement credit, withdraw cash in $20 increments from Wells Fargo ATMs using a Wells Fargo ATM or debit card, have the rewards directly deposited into your Wells Fargo checking or savings account, or receive a paper check by mail.

• Interest rate: For the first 15 months after opening your account, there is a 0% introductory APR on both purchases and balance transfers (qualifying transfers). After that, the APR will be variable, ranging from 19.99% to 29.99% based on your creditworthiness.

• Balance transfer fee: If you make a balance transfer within 120 days of account opening, you’ll qualify for the introductory APR. During this period, the balance transfer fee is either $5 or 3% of each transfer, whichever is greater. After 120 days, a different fee applies, which can be up to 5% per transfer with a minimum fee of $5.

• Foreign transaction fee: When you use the card for transactions made outside of the United States, a 3% fee will be charged.

Advantages and disadvantages of the Wells Fargo Active Cash® Card:

PROS:

• No annual fee: You won’t have to pay any yearly fees to keep the card.
• Easily achievable bonus offer: The sign-up bonus of $200 cash rewards can be earned by spending just $500 on purchases within the first 3 months.
• Long intro APR period: You’ll enjoy a 0% introductory APR on both purchases and balance transfers for 15 months, giving you a good amount of time to pay off your balances without accruing interest.
• Cell phone protection option: If you use the card to pay your monthly cell phone bill, you’ll receive cell phone protection coverage, which can be beneficial in case of damage or theft.

CONS:

• Foreign transaction fee: When making purchases outside of the United States, the card charges a foreign transaction fee. This means it’s not the most suitable option if you frequently make international purchases.

Benefits and perks of the Wells Fargo Active Cash® Card

• Earn 2% cash back and get a sign-up bonus: Most cards offer 1.5% cash back, but the Wells Fargo Active Cash® Card goes above and beyond with 2% cash back on all purchases. What’s more, you’ll also receive a $200 cash rewards bonus when you spend $500 on purchases within the first 3 months. This combination sets it apart from other cards in the market.

• No annual fee: Many rewards cards come with annual fees that can reduce their overall value. However, the Wells Fargo Active Cash® Card has no annual fee, making it a cost-effective choice for the long term.

• Flexible options to redeem cash-back rewards: You have four convenient ways to redeem your earned cash-back rewards. You can choose to apply them as a statement credit, withdraw cash in $20 increments from Wells Fargo ATMs using your Wells Fargo ATM or debit card, deposit them directly into your Wells Fargo checking or savings account, or receive a check by mail

• Introductory 0% APR offer: With the Wells Fargo Active Cash® Card, you’ll enjoy a break from interest charges. For the first 15 months after opening your account, both new purchases and balance transfers will have a 0% introductory APR. This is particularly useful if you plan to make a large purchase and want to pay it off over time or if you want to transfer existing high-interest debt from another card. After the introductory period, the ongoing APR will be 19.99%, 24.99%, or 29.99% Variable APR.

How to decide if the Wells Fargo Active Cash® Card is suitable for you

The Wells Fargo Active Cash® Card stands out among flat-rate credit cards as an exceptional choice. Its cashback rewards are both generous and straightforward, making it an ideal option for individuals seeking a single-card solution or those who prefer using multiple cards. Additionally, it provides unique incentives that distinguish it from other cards offering 2% cash back. In conclusion, when it comes to value, this card is truly hard to surpass.

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