Wells Fargo Active Cash Credit Card Review
Wells Fargo Active Cash Credit Card has no annual fee, recommended credit score is Good to Excellent, $200 cash back bonus as an intro offer, unlimited 2% cash back rewards on eligible purchases and 20.24%, 25.24%, OR 29.99% Variable APR and more.
Wells Fargo Active Cash Credit Card Review
Wells Fargo Active Cash Card is a credit card that has been receiving a lot of attention lately with its unlimited 2% cash rewards on purchases. This card is perfect for those who want to earn money as cashback on everyday purchases while avoiding an annual fee. In this review, we will look at the pros and cons of the Wells Fargo Active Cash Visa Card and determine whether it is worth applying for.
Quick Highlights
- Earn $200 cash rewards after $500 in purchases within the first three months
- Get a $200 cash rewards bonus after spending $500 on purchases in the first 3 months.
- Enjoy unlimited 2% cash rewards on purchases.
- Benefit from a 0% intro APR for 15 months on purchases and qualifying balance transfers. Afterward, the variable APR is 20.24%, 25.24%, or 29.99%.
- Transfer balances within 120 days to qualify for the intro rate and fee of 3%, followed by a balance transfer fee of up to 5% (minimum $5).
- No annual fee required.
- Cash rewards don’t expire as long as your account is open, and there are no categories to track or remember.
- Access a complimentary 24/7 Visa Signature® Concierge for sports and entertainment event tickets, travel bookings, dinner reservations, and more.
- Enjoy up to $600 of cell phone protection against damage or theft with a $25 deductible.
Why You Should Have the Wells Fargo Active Cash Visa Card?
When it comes to selecting the perfect cash back rewards card, there’s nothing quite like the flexibility of a flat-rate card. With unlimited rewards on every purchase and no concerns about bonus categories or spending limits, it’s hard to find a better option.
The Wells Fargo Active Cash stands out not only for its exceptional flat cash rewards rate, but also for being the most comprehensive card of its kind. With a remarkably simple rewards experience, attractive intro APRs, and bonus rewards that many other cards lack, it truly offers an unparalleled experience.
Wells Fargo Active Cash Card Benefits and Perks
The Active Cash Card comes with a variety of benefits and perks that make it a great option for many consumers. These benefits and perks include:
Cellphone Protection
If you pay your monthly cellphone bill with your Wells Fargo Visa Card, you will be protected against theft and damage to your phone.
Wells Fargo Rewards Opportunities
This program offers special rewards and discounts for Wells Fargo customers.
Auto Rental Collision Damage Waiver Coverage
If you rent a car and pay with your card, you will be covered in case of an accident.
Visa Signature perks: As a Visa Signature cardholder, you will have access to special Visa perks, such as travel assistance, 24/7 concierge service, and more.
Wells Fargo Mobile App
You can easily manage your Wells Fargo Credit Card through the Wells Fargo Mobile App. This app allows you to view your account balance, make payments, track rewards, and more on the go.
Fraud Protection
Wells Fargo takes fraud protection seriously and offers 24/7 monitoring of your account for any suspicious activity. If there is any fraudulent activity on your card, you will not be held responsible for the charges.
Contactless Payment
The Card offers contactless payment options, making it easy and convenient to make purchases without having to swipe or insert your card.
Get a Close-Up on Your Credit!
With the Credit Close-Up service mark℠, you get the tools to comprehend and monitor your FICO® Score. Raise it or keep it steady. You can enroll for monthly FICO® Score updates and personalized credit insights. It’s completely free for Wells Fargo Online® customers, and it won’t harm your score.
Concierge Services: Elevating the Experience of Luxury Hotel Collection
Luxury hotels are known for their opulent decor, fine dining, and superior services. However, what sets apart a standard luxury hotel from a truly exceptional one is their ability to go above and beyond for their guests. This is where concierge services come in – a 24/7 service that provides guests with personalized assistance, adding an unparalleled level of convenience to their stay.
24/7 Availability: The Advantage of Concierge Services
One of the primary benefits of a concierge service is its 24/7 availability. This means that guests’ requests can be promptly addressed, ensuring that they can enjoy their stay to the fullest. Whether it’s arranging transportation, making restaurant reservations, organizing activities, or even booking a last-minute flight, a concierge service is there to help guests with anything they need, at any time of the day or night.
Luxury Hotel Collection: Beyond the Ordinary
The Luxury Hotel Collection is a group of hotels and resorts that offer the highest level of hospitality, luxury, and comfort. What sets these hotels apart is their commitment to delivering exceptional service, with a focus on providing guests with an unforgettable experience. With concierge services as a standard offering, guests can expect to receive the personalized attention they deserve, ensuring a seamless and stress-free stay.
From booking a private yacht for a sunset cruise to arranging a helicopter tour of the city, a concierge service adds an element of exclusivity, luxury, and convenience to a guest’s stay. With the Luxury Hotel Collection, guests can expect nothing but the best, with concierge services being just one of the many ways that these hotels differentiate themselves from the rest.
Wells Fargo Active Cash Rewards
The Wells Fargo Active Cash Card offers unlimited 2% cash rewards on purchases, which can be redeemed for a statement credit or deposited into a Wells Fargo account. This makes it a great everyday spending card, especially for those who want to earn cashback without having to worry about rotating categories or complicated redemption options.
Wells Fargo Active Cash Bonus
The current bonus for the Wells Fargo Active Cash Card is a $200 cash reward after $500 in purchases within the first three months. This is a great way to jumpstart your rewards-earning journey with the card.
How Do You Redeem Wells Fargo Active Cash Card Rewards?
There are multiple ways you can cash in on your rewards, including ATM or debit card redemption in $20 increments, purchasing eligible items with your rewards starting at just $1, and crediting your rewards to a qualifying Wells Fargo credit card, checking account, or mortgage. If you are looking for the perfect gift, you can also redeem your rewards for gift cards in many popular increments, including $25. With so many options available, you can easily find a way to cash in on your hard-earned rewards and treat yourself or a loved one. Follow these simple steps to begin redeeming your rewards today!
- Log in to your Wells Fargo online account or mobile app.
- Go to the “Rewards” section and select “Redeem Rewards.”
- Choose your preferred redemption method, such as statement credit, deposit into a Wells Fargo account, or gift card.
- Follow the prompts and confirm your redemption request.
- Enjoy your rewards!
Wells Fargo Active Cash Card APR
The lowest APR is 0% for the first 15 months on purchases and qualifying balance transfers, followed by a variable APR (Annual Percentage Rate) of 20.24%, 25.24%, or 29.99%. This APR is based on your creditworthiness at the time of application. The APR will vary with the market based on the Prime Rate.
Wells Fargo Active Cash Card Credit Score
To be approved for the Wells Fargo Active Cash Card, you will need a good to excellent credit score. This means a FICO score of at least 670 and 850.
Wells Fargo Active Cash Card Pre-approval
You can easily check your pre-approval status for the Wells Fargo Active Cash Card on the Wells Fargo website to see whether you qualify for the card before officially applying. This can help you avoid a potential hard inquiry on your credit report.
Interest Rate
Your creditworthiness determines the interest rate for the Wells Fargo Active Cash Card, which can range from 20.24% to 29.99% Variable APR. It’s important to pay your balance in full each month to avoid high-interest charges.
Wells Fargo Active Cash Card Fees
- Foreign transaction fee: 3% of each transaction in U.S. dollars.
- International fee: None.
- Annual fee: $0.
- Late fee: Up to $40.
- Penalty APR: Up to 29.99%.
- Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
- Over the limit fee: None.
- Grace period: 25 days after the close of each billing cycle.
- Minimum interest charge: None.
How to Apply for the Wells Fargo Card
You can apply for the Wells Fargo Active Cash Card online through the Wells Fargo website. You will need to provide personal information and financial details, as well as your credit score. If you are pre-approved for the card, you may have a higher chance of being approved.
Credit Limit
The credit limit for the Wells Fargo Active Cash Card will vary depending on your creditworthiness and financial situation. You may be able to request a credit limit increase after demonstrating responsible use of the card. However, the Active Cash Card limit ranges between $1,000 to $20,000 or more based on multiple reviews from the cardholders.
Wells Fargo Active Cash Card Requirements
The Visa Credit Card Requirements are:
- Must be 18 years or older
- Good to excellent Fico credit score (670-850) is required
- US citizen with a valid Social Security Number
Wells Fargo Active Cash Credit Card Contact Number
You can contact Wells Fargo Active Credit Card Help Line at 1-800-642-4720 to order a new card or report for a stolen, lost or compromised account.
Is the Wells Fargo Active Cash Card Worth It?
Overall, the Wells Fargo Active Cash Card is a great option for those looking to earn cashback on their everyday purchases without an annual fee. However, if you are a frequent international traveler or looking for higher travel rewards redemption value, this may not be the best card for you. It is important to consider your spending habits and goals before deciding if the Wells Fargo Active Cash Card is worth applying for. So, make an informed decision and choose the card that best fits your needs and lifestyle! Keep earning those cash rewards!
Conclusion
In conclusion, the Wells Fargo Active Cash Card is a great option for those looking to earn cashback on their everyday purchases without an annual fee. Its generous 2% cash back rate and variety of cardholder perks make it a versatile and rewarding choice. However, individuals with poor credit scores may have difficulty obtaining this card, and frequent international travelers may not find it as beneficial due to its foreign transaction fees and limited travel rewards redemption value. It is important for individuals to consider their spending habits and goals before deciding if the Active Cash Card is the right fit for them. With responsible usage, this card can help build credit and provide ongoing cashback rewards. So, make an informed decision and choose the card that best fits your needs and lifestyle! Keep earning those cash rewards and happy shopping with the Wells Fargo Card. Overall, it is a valuable addition to any wallet.
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Specification: Wells Fargo Active Cash Credit Card Review
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