Wells Fargo Active Cash Card: This Cash Rewards Card Shines with Flat 2% Rewards, Welcome Bonus, and Intro Offer

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Wells Fargo Active Cash℠ Card Wells Fargo Active Cash℠ Card
Editor’s Score: (4.6/5)
Learn more externa link icon At our partner’s secure site
Wells Fargo Active Cash℠ Card
Editor’s Score: (4.6/5)
  • Intro bonus:
    $200 cash rewards
  • Annual fee:
    $0
  • Regular APR:
    14.99%-24.99% (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

Earn unlimited 2% cash rewards on purchases.

NextAdvisor’s Take

Pros
  • 2% flat cash back rewards on all spending
  • Valuable welcome bonus
  • Introductory 0% APR for purchases and balance transfers
  • Cellphone and travel protections
Cons
  • High variable APR after introductory offer ends
  • No bonus categories to maximize
  • 3% foreign transaction fee
The Bottom Line
The Wells Fargo Active Cash Card comes with an enticing 2% cash back on everything you buy, along with a valuable welcome bonus. You won’t pay an annual fee, and can also benefit from 0% APR on purchases and balance transfers for 15 months (followed by a variable APR of 14.99%, 19.99%, or 24.99%).

Additional Card Details

  • 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99%, 19.99%, or 24.99%
  • Cellphone protection protection worth up to $600 (subject to a $25 deductible)
  • Visa Concierge Service
  • Emergency cash disbursement and card replacement
  • Travel and emergency assistance services
  • Roadside dispatch

Wells Fargo Active Cash Card Full Review

Card Type

The Wells Fargo Active Cash Card* is a cash rewards credit card with a flat rewards rate on every purchase. It also offers an introductory 0% APR.  

Annual Fee

There’s no annual fee required to carry the Wells Fargo Active Cash Card, which makes it a smart option if you want a credit card you can keep for the long haul.

Welcome Offer

When you sign up for the Wells Fargo Active Cash Card, you get the chance to earn $200 in cash rewards when you spend $1,000 in purchases in the first three months of account opening.

Introductory Offer

The Wells Fargo Active Cash Card gives new cardholders 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99%, 19.99% or 24.99%. This introductory offer is excellent for people who want to consolidate debt or pay down large purchases over time.

Rewards

With the Wells Fargo Active Cash Card, you’ll earn a flat 2% cash rewards on purchases, which is one of the best cash rewards rates among any card with this rewards structure. Many other cards that offer flat-rate rewards on purchases only give 1.5% back at most.

Most directly, this card rivals the Citi® Double Cash Card*. Both earn unlimited 2% cash rewards, but the Citi card rewards 1% as you make a purchase, and the other 1% only when you pay it off.

You can redeem your Active Cash Card rewards in a few ways: toward recent purchases on your statement, into a Wells Fargo account, at an ATM, or for gift cards.

Fees

There’s no annual fee for the Wells Fargo Active Cash Card, but there are other fees to consider. You’ll pay a 3% foreign transaction fee if you use your card abroad, and a 5% (minimum $10) cash advance fee for using your credit card to get cash at an ATM. 

If you take advantage of the card’s 0% APR on balance transfers, you’ll also pay 3% (minimum $5) within the first 120 days of account opening, after which the balance transfer fee increases to 5% (minimum $5).

Other fees to watch out for include a late payment fee and returned payment fee, both of which can be up to $40.

Other Benefits

The Wells Fargo Active Cash Card comes with a handful of added benefits beyond cash rewards, including cellphone protection worth up to $600 (subject to a $25 deductible). You’ll also get access to Visa Concierge Service, emergency cash disbursement and card replacement, travel and emergency assistance services, and roadside dispatch.

Benefits of Wells Fargo Active Cash Card

The biggest perk of the Wells Fargo Active Cash Card is its simple rewards structure and big potential savings. Depending on how much you spend throughout the year, unlimited 2% cash rewards on every purchase could net hundreds in annual rewards. 

The card’s great welcome bonus also gives it a boost over the Citi Double Cash, which doesn’t have a welcome offer. You can earn $200 in cash rewards when you spend $1,000 on your card within the first three months of account opening (equal to about $333 each month).

Pro Tip

If you plan to transfer a balance to the Wells Fargo Active Cash Card, do so within 120 days of account opening. You’ll be able to take full advantage of the intro period, and you’ll be eligible for a 3% balance transfer fee (minimum $5). After 120 days, the fee increases to 5% (minimum $5)

The 0% APR offer on this card is pretty good, but note that a variable APR of 14.99%, 19.99%, or 24.99% will apply to balances you don’t pay off within the introductory period. And if you need to consolidate debt with a balance transfer, make sure you transfer the debt within 120 days to secure the lower balance transfer fee of 3% (minimum $5).

Drawbacks of Wells Fargo Active Cash Card

It’s hard to complain too much about the Wells Fargo Active Cash Card. You can earn unlimited, flat 2% rewards with no annual fee, and you redeem your rewards in more than one way.

One downside is the fact that you have to pay a foreign transaction fee on purchases you make abroad, so this card isn’t a great choice for international travel. And if you plan to use this card to consolidate debt, or you have more debt than you think is realistic to pay off in 15 months from account opening, there are other balance transfer credit cards with longer introductory 0% APR periods.

How to Use Wells Fargo Active Cash Card

For the first three months after you open your account, keep up with your purchases to make sure you’re on track to spend at least $1,000 and qualify for the extra $200 in cash rewards. While you shouldn’t spend more than your budget allows to score a bonus, this can be a great boost to your rewards.

Since the Wells Fargo Active Cash Card is a flat-rate cash rewards credit card, maximize your rewards over time by using it as your primary card for regular spending. If you have other rewards or travel credit cards in your wallet already, use this card for any purchases that aren’t covered by higher-earning bonus categories.

If you plan to utilize the 0% intro APR offer on this card, keep in mind that it only lasts for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% – 24.99% thereafter. Before you apply, have a plan to pay your balances off before then, or else you’ll pay down your debt at a high variable APR.

Wells Fargo Active Cash Card Compared to Other Cards

  • Intro bonus:
    $200 cash rewards
  • Annual fee:
    $0
  • Regular APR:
    14.99%-24.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 23.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.

Is the Wells Fargo Active Cash Card Right for You?

The Wells Fargo Active Cash Card is ideal for anyone who wants the simplicity of flat cash rewards on every purchase, or those who want to secure 0% APR on purchases and balance transfers for a limited time. It’s not the longest intro period available, but if you’re looking to pay off debt but also maintain long-term value on your spending, this card can offer a great deal on both.

Wells Fargo Active Cash Card can also make a great match for other cards in your wallet with bonus rewards focused in specific categories. If you already use the Blue Cash Preferred® Card from American Express, for example, for your spending at U.S. supermarkets, gas stations, and on streaming services, the no annual fee Active Cash Card can guarantee you’re getting a good return on every purchase that falls outside of those categories. 

Even so, it never hurts to compare other rewards credit cards with different earning rates or benefits. Make sure to look over all the top credit card offers before you decide.

*All information about the Wells Fargo Active Cash Card and Citi® Double Cash Card and has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

Frequently Asked Questions (FAQ)

How do I redeem rewards earned with the Wells Fargo Active Cash Card?

You can redeem rewards earned with this card for statement credits, transfers to a qualifying Wells Fargo bank account, or gift cards. If you’re a Wells Fargo banking customer, you can also redeem your rewards for cash at a Wells Fargo ATM.

Does the Wells Fargo Active Cash Card charge foreign transaction fees?

The Wells Fargo Active Cash Card charges a 3% foreign transaction fee.

Does the Wells Fargo Active Cash Card charge an annual fee?

The Wells Fargo Active Cash Card does not charge an annual fee.

When was the Wells Fargo Active Cash Card introduced?

The Wells Fargo Active Cash Card was originally announced in June 2021, and became available to applicants in July 2021.

*All information about the Chase Sapphire Preferred Card has been collected independently by NextAdvisor and has not been reviewed by the issuer.