Wells Fargo Active Cash – How to Apply

Excellent option for those looking for cashback!

In the world of fixed-rate cashback credit cards, the Wells Fargo Active Cash® Card is easily one of the best offers available. 

With an impressive 2% return on all purchases, it’s competing with the best in class while offering simplicity and value. 

What’s more, the $200 welcome bonus after the $500 spend action in the first three months still kicks the tires on many of its competitors.

With no ANNUAL fees and an introductory offer of 0% APR on purchases and balance transfers for the first 12 months, it’s also an extremely versatile choice for everyday use as well as existing debt payments. 

First created in the summer of 2021, the Wells Fargo Active Cash® Card was designed for people who don’t want to keep track of bonus categories. 

This means there are no enhanced cash back rate categories at restaurants or supermarkets. 

Instead, you earn a 2% flat rate return on any purchase and keep going. In addition to cash back, the card can be used as a statement credit, whether direct deposited or used as an ATM withdrawal if you have a Wells Fargo account. 

With cell phone insurance and access to Visa Signature benefits, the card ensures a balance between value and convenience.

How does Wells Fargo Active Cash work?

The Wells Fargo Active Cash® Card is a similar credit card that offers flat-rate cash back. 

With 2% back on all purchases and no specific categories to think about, your users won’t have to worry about staying under the spending limit to earn maximum cashback.

Overall, it’s a practical choice for those seeking simple rewards. On the other hand, it offers a $200 welcome bonus that is earned when you spend at least $500 in the first three months after opening a new account. 

You can also enjoy a 0% Acquisition Fee (APR) period for the first 12 months on purchases and balance transfers made to the Wells Fargo Active Cash Card. 

But after your first year, the variable interest rate itself will be 19.24%, 24.24%, or 29.24% based on your credit profile. 

Lastly, as for redemption, Wac Cardholders can redeem their earnings as a statement credit, an ATM withdrawal for those who have an existing Wells Fargo account, a paper check, or as a direct deposit into an account. .

Additionally, the card also comes with cell phone protection and exclusive access to the Visa Concierge and Visa Signature Luxury Hotel collection with no annual fee.

Key Benefits of Wells Fargo Active Cash

Because of the high value of the Wells Fargo Active Cash® Card credit card, it is a beneficial option for anyone interested in a fixed-rate credit card with cashback and bonus benefits. Its main benefits are:

2% Cashback on all purchases

Unlimited 2% cashback received on all purchases made, with no restricted categories or earning limits, makes the earning process easy and rewarding.

Attractive sign-up bonus

The card offers a $200 bonus once new cardholders spend $500 during the first three months. Upfront benefits are competitive compared to fixed rate offers.

0% APR Introductory Rate

On your first 12 purchases and balance transfers, the card offers 0% APR. This offer is useful for those who want to finance any expensive purchase or consolidate existing debt without paying interest.

No annual transaction fee

Annuity capital has a share balance of 0, which ensures that accumulated rewards do not decrease in value.

Flexible rescue

Cashback can be redeemed as a statement credit, direct deposit, check, or in some cases, a Wells Fargo ATM withdrawal.

Additional benefits

When your cell phone bill is paid with your credit card, cell phone protection is included with the insurance. In terms of Visa Signature exclusivity, holders have access to specialized concierge services as well as benefits at opulent hotels.

Definitely, clean value allows the cardholder to accumulate rewards without requiring much effort.

Disadvantages of Wells Fargo Active Cash

Even though the Wells Fargo Active Cash® Card comes with many attractive benefits, the card also contains some flaws that may make it unsuitable for specific user profiles. They are:

Although the flat 2% cashback is convenient, the card does not have higher bonus categories such as meals, travel or supermarkets. 

Therefore, it may be less profitable for users who spend more in specific areas; charging a 3% fee on foreign transactions – the downside for international travel. 

While it offers several protections — cell phone insurance and the Visa Signature benefits program, the card doesn’t have more unique identification, like an airport lounge or travel insurance, which is typical of traveler rewards credit cards. 

The card is aimed at consumers with an excellent credit history, the company recommends that your credit score be 690 or higher; thus, it may be inaccessible for users with limited credit charges. 

In short, the Wells Fargo Active Cash® Card is suitable for users who want a reliable rewards card, while the card is less suitable for those who require specific benefit and travel categories.

APR and Fees

The Wells Fargo Active Cash® Card features a favorable rate and APR structure for both new users and those looking to finance purchases or transfer balances. 

The card has 0% APR on purchases and balance transfers for the first 12 months after account opening. 

This interest rate is a great opportunity to finance large purchases or debt consolidation without any additional costs in this initial period. 

After the promotional period, the standard APR will be 19.24%, 24.24% or 29.24%, depending on the holder’s credit history. 

Balance transfer fee is 3% up to a maximum of $5 for the first 120 days, then up to 5%.

The foreign transaction fee is 3% on each international purchase. 

Cash advance charges a fee of $10 or 5% of the amount. 

In this way, the Wells Fargo Active Cash® Card is a clear and affordable choice, with no annual fees and competitive rates that make it an attractive option for maximizing rewards and managing debt.

How to claim Wells Fargo Active Cash

Applying for the Wells Fargo Active Cash® Card is quick and easy. Do the following to request it:

Check your credit. The card is for those with good to excellent credit, with a score of at least 690.

Go to the Wells Fargo website. Open the official gate of the financial institution and browse the card page.

Provide the requested information. Enter your name, address, annual income and Social Security number.

Review and submission. Check all information and submit the request.

After a few minutes, days or weeks, you will receive a notification about approval or rejection. If approved, the card will be sent to your home address.