Reviews

Wells Fargo Active Cash® Card Review: Simplify Your Spending, Amplify Your Rewards

2% on everything, $0 fee, $200 bonus, 0% APR intro.

Rickie C. Keys, Ph.D., MPH

Mar 17, 2024 — 1 min read

Features

Annual Fee: $0, ensuring cost-effectiveness over time.
Rewards Rate: 2% cash rewards on all purchases, offering simplicity and high value.
Intro Offer: $200 cash rewards bonus after spending $500 in the first 3 months, a rare find among 2% cash back cards.
Intro APR: 0% intro APR for 15 months on purchases and qualifying balance transfers, followed by a variable APR of 20.24%, 25.24%, or 29.99%.

Benefits

Uncomplicated Rewards: Earn a straightforward 2% cash rewards on every purchase, without worrying about rotating categories or spending caps.
Sign-up Bonus: An appealing $200 bonus enhances the card's upfront value.
Flexible Redemption Options: Cash rewards can be redeemed in various ways, including statement credits, ATM withdrawals, direct deposits, or checks.
Introductory APR Offer: Offers a financial cushion for new purchases or balance transfers, aiding in planning for debt management or large purchases.

Drawbacks

Rewards Limitation: Earns a flat 2% without bonus categories for higher rewards on specific purchases.
Redemption Flexibility: Most beneficial for Wells Fargo customers with tailored redemption options.
Longer 0% APR Options Available: Other cards may offer more extended 0% intro APR periods for balance transfers or purchases.

Product Summary

The Wells Fargo Active Cash® Card stands out in the flat-rate cash back category with its combination of a $0 annual fee, an unlimited 2% cash rewards rate on purchases, and a welcoming sign-up bonus. This card suits those who value simplicity and effectiveness in their credit card rewards, avoiding the need to track spending categories or enrollment periods. The introductory APR period adds to its appeal, providing a buffer for new cardholders looking to make large purchases or transfer balances. While it lacks specific bonus categories, its high rewards rate across all purchases makes it an excellent primary or complementary card. Notably, it pairs well with specialized rewards cards for even greater earnings. The Wells Fargo Active Cash® Card is a compelling choice for anyone looking to maximize rewards with minimal effort.

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