How to Maximize Rewards With the Wells Fargo Active Cash Card
With 2% cash back on all purchases, the Wells Fargo Active Cash Card offers a straightforward approach to maximizing rewards.
Cardholders receive rewards without category limitations or quarterly category activations. Plus, spending $1,000 on the card in the first three months earns a $200 cash rewards bonus.
Cash rewards can be redeemed for statement credits; to qualifying Wells Fargo accounts; at ATMs in $20 increments; or for gift cards in $25 increments.
Comparisons With Other Credit Cards
Annual fee: Neither card charges an annual fee.
Rewards: The Wells Fargo Active Cash Card earns unlimited 2% cash back on all purchases. You can get cash back from participating merchants through My Wells Fargo Deals with the Wells Fargo Reflect Card.
Sign-up bonus: You’ll receive a $200 cash back bonus with the Wells Fargo Active Cash Card when you spend $1,000 in the first three months. The Wells Fargo Reflect Card does not offer a sign-up bonus.
Benefits: The Wells Fargo Active Cash Card comes with 24/7 concierge services and Visa Signature hotel benefits, such as automatic room upgrades when available, free breakfast for two and late checkout when available. Cardholders also get a 15-month 0% introductory APR on purchases and eligible balance transfers. With the Wells Fargo Reflect Card, you will receive a 0% introductory APR for up to 21 months on purchases and eligible balance transfers. Both cards offer up to $600 in cellphone theft and damage coverage, with up to two claims annually.
Annual fee: Neither card charges an annual fee.
Rewards: You’ll earn unlimited 2% cash rewards on all purchases with the Wells Fargo Active Cash Card. With the Citi Double Cash Card, you receive 1% cash back when you make a purchase and another 1% back when you pay it off.
Sign-up bonus: You can get a $200 cash rewards bonus with the Wells Fargo Active Cash Card when you spend $1,000 on the card in the first three months. The Citi Double Cash Card does not offer a sign-up bonus.
Benefits: The Wells Fargo Active Cash Card comes with 24/7 concierge services and Visa Signature hotel benefits, such as automatic room upgrades when available, free breakfast for two, and late checkout when available. Cardholders receive up to $600 in cellphone theft and damage coverage, with up to two claims annually. You can take advantage of a 0% introductory APR for up to 15 months on purchases and eligible balance transfers with the Wells Fargo Active Cash Card. The Citi Double Cash Card offers a 0% introductory APR on balance transfers for 18 months. It also gives cardholders early access to tickets, identity theft support and fraud protection, and 24/7 customer service, among other benefits.
What Are the Fees Associated With the Wells Fargo Active Cash Card?
- Annual fee: The Wells Fargo Active Cash Card has no annual fee.
- Balance transfer fee: either 3% of the amount transferred or $5, whichever is greater, for 120 days from account opening and then up to 5% of each transfer, with a $5 minimum.
- Cash advance fee: either 5% of the amount of each advance or $10, whichever is greater.
- Overdraft protection advance fee: $12.50 if advances for the day total $50 or less, or $20 for advances greater than $50.
- Foreign transaction fee: 3% of every transaction converted to U.S. dollars.
- Late payment fee: up to $40.
- Returned payment fee: up to $40.
Should You Get the Wells Fargo Active Cash Card?
- Want to avoid an annual fee.
- Seek a competitive cash back rate and benefits.
- Need to carry or transfer a balance.
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