Wells Fargo Active Cash Card Review

Unlimited 2% Cash Rewards. — Cardholders earn unlimited 2% cash back on purchases, with no categories to activate or earning limits to track.

There are other cards that offer higher cash back rates on certain categories, and while they can be worth it, they require more effort. And they’re often capped and limited in terms of what purchases they apply to. The Wells Fargo Active Cash® Card is perfect for someone who wants an easy-to-use card that still offers great rewards: You’ll earn the best flat rewards on your purchases right away — with no limits or hoops to jump through.

$200 Cash Rewards Signup Bonus — New Wells Fargo Active Cash® cardholders can earn a $200 cash rewards sign-up bonus for spending just $500 in purchases in the first three months. Not only is that a very competitive sign-up bonus for a card with no annual fee, but it’s also one of the things that sets this Wells Fargo credit card apart from other 2% back cards. I have yet to find another credit card with 2% unlimited cash rewards that also has a sign up bonus.

Introductory offer 0% APR for 15 months — New cardholders can enjoy 0% introductory APR on both new purchases and qualifying balance transfers for 15 months. (After that period, an access rate of 19.99%, 24.99%, or 29.99% variable APR applies.) That’s a great deal, even compared to cards marketed for only an APR of 0 %. It means this card will let you avoid interest on purchases and balance transfers until 2024!

Note that balance transfers must be made within the first 120 days to be eligible for a reduced interest rate and lower balance transfer fee.

No annual fee — In many cases, high reward rates mean high annual fees. Not with the Wells Fargo Active Cash® Card, which has a $0 annual fee.

Mobile phone protection — With a typical cell phone costing hundreds of dollars, having some sort of insurance is a good idea. With this Wells Fargo card, you can get up to $600 in built-in cell phone protection just by paying your cell phone bill with the card. Coverage is subject to a $25 deductible.

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