Wells Fargo Active Cash® Card Review – Earn Unlimited 2% on All Purchases

One of the most attractive features of the Wells Fargo Active Cash Credit Card is its straightforward cash back rewards structure. Cardholders earn an unlimited 2% cash back on every purchase, making it a hassle-free choice for those who prefer a simple and transparent rewards system.

The card offers a valuable introductory 0% APR period on both purchases and balance transfers. This feature can be particularly beneficial for those looking to make a large purchase or consolidate existing high-interest debt without incurring additional interest charges during the introductory period.

The absence of an annual fee makes the Wells Fargo Active Cash Credit Card an even more attractive option for individuals who want to maximize their cash back rewards without having to worry about recurring costs.

Wells Fargo offers an added layer of protection for cardholders' cell phones. By paying your monthly cell phone bill with the Wells Fargo Active Cash Credit Card, you automatically receive cell phone protection coverage. This feature can be a valuable perk, providing peace of mind in case of theft or damage to your device.

With the backing of Wells Fargo, one of the largest and most established financial institutions, cardholders can enjoy widespread acceptance of their credit card. Additionally, the card integrates seamlessly with Wells Fargo’s online and mobile banking platforms, allowing for easy management of your account, quick access to statements, and the ability to monitor your cash back rewards in real-time.

You only have to spend $500 in the first three months of opening the card to earn a $200 cash rewards bonus. While the bonus is small compared to other cards, it is also more achievable than other options.

Unlike some other credit cards, the Wells Fargo Active Cash Credit Card comes with foreign transaction fees. If you frequently travel internationally or make purchases in foreign currencies, these fees can add up quickly and offset the cash back benefits.

The card's strength lies in its simplicity, offering a flat 2% cash back on all purchases. However, if you are someone who spends heavily in specific categories such as dining, travel, or groceries, you may find that other credit cards with bonus categories better suit your spending habits. It's essential to evaluate your personal spending patterns to determine if the card aligns with your lifestyle.

As with any credit card, approval is subject to creditworthiness. The Wells Fargo Active Cash Credit Card may require a good to excellent credit score for eligibility. Individuals with lower credit scores may find it challenging to qualify for this particular card.

While the card offers cell phone protection, it lacks some of the premium perks and benefits that come with higher-tier credit cards, such as travel insurance, extended warranty protection, or airport lounge access. If these additional perks are essential for your lifestyle, you may want to explore credit cards that cater to such needs, even if they come with an annual fee.

While the card provides a beneficial introductory 0% APR period, it's important to note that the APR becomes variable after this period ends. Cardholders who carry a balance should be aware of the ongoing interest rates, which can vary based on the market conditions and their creditworthiness.

Evaluate your typical spending patterns. The Wells Fargo Active Cash Credit Card is designed for simplicity, offering a flat 2% cash back on all purchases. If your spending is diverse and you prefer a no-fuss rewards structure without dealing with rotating categories, this card may be an excellent match.

That said, consider whether you prefer credit cards with bonus categories tailored to specific spending areas such as dining, travel, or groceries. If you have clear preferences for certain spending categories, you might find other cards with specialized rewards more advantageous.

If you frequently travel abroad or make purchases in foreign currencies, be mindful of the foreign transaction fees associated with this card. If international transactions are a significant part of your financial activity, you may want to explore credit cards with no foreign transaction fees to save on additional costs.

If you anticipate carrying a balance or making a large purchase, the introductory 0% APR period on purchases and balance transfers can be a valuable feature.

Check your credit score before applying for the Wells Fargo Active Cash Credit Card. This card typically requires a good to excellent credit score for approval. If your credit score is lower, you may want to work on improving it before applying or explore cards that cater to individuals with varying credit profiles.

Consider your stance on annual fees. The Wells Fargo Active Cash Credit Card stands out by not charging an annual fee, making it a cost-effective choice for those who want to maximize cash back rewards without ongoing fees.

Assess the importance of additional perks and benefits, such as travel insurance, extended warranty protection, or airport lounge access. If you value these extras, you might want to explore premium credit cards that come with a more extensive range of benefits, even if they come with an annual fee.

Consider your long-term financial goals and how the Wells Fargo Active Cash Credit Card fits into your overall rewards strategy. While it may lack a traditional sign-up bonus, the consistent 2% cash back on all purchases can provide steady and reliable rewards over time.

Wells Fargo has airline and hotel partners including Choice Privileges, Air France-KLM Flying Blue, avianca lifemiles, British Airways Executive Club, AerClub, and Iberia Plus. You can convert cash back rewards by transferring them to these travel partners, letting you maximize your cash back earnings as travel rewards. 

The card offers unlimited 2% cash rewards on purchases, so use it for everyday spending to maximize your cash back. It’s beneficial for both larger purchases to earn more cash back, and everyday expenses like groceries, gas, and bills. 

This card is currently offering a $200 cash rewards bonus when you spend $500 in purchases in the first three months. Taking advantage of this bonus can provide a huge boost to your cash back rewards.

Redeem your cash back for statement credits, deposits into your Wells Fargo account, or use it to purchase gift cards. Choose the option that provides the most value for you.

To avoid interest charges, pay off your balance in full each month. This way, you'll maximize your cash back without accruing interest.

Right now, get 0% intro APR for 15 months on purchases and balance transfers. Consider this card using it for large purchases or balance transfers within that intro period to save on interest charges.