The Wells Fargo Active Cash® Card is a no-annual-fee credit card that offers a straightforward cash-back rewards program. With a solid 2% cash back on all purchases and an appealing welcome offer, this card is a great option for those who want a simple yet rewarding card in their wallets.
One of the standout features of the Wells Fargo Active Cash Card is its welcome offer. Currently, new cardholders can earn a $200 cash rewards bonus when they spend $500 in purchases within the first three months of account opening. While this welcome offer may not be as lucrative as those offered by top travel rewards cards, it is a standard offer for a cash-back card with no annual fee.
The Active Cash Card also comes with some notable benefits. For example, cardholders can enjoy cellphone protection when they pay their monthly phone bill with the card. Wells Fargo will cover up to $600, subject to a $25 deductible, for damage or theft of your cellphone (up to twice per year). Additionally, the card offers zero liability protection, meaning you won’t be held responsible for unauthorized purchases made on your card.
As a Visa Signature® card, the Wells Fargo Active Cash Card also comes with additional perks and benefits. These include 24/7 concierge service and access to Visa’s Luxury Hotel Collection. These benefits are quite impressive for a card with no annual fee.
When it comes to earning rewards, the Wells Fargo Active Cash Card offers a simple and straightforward program. Cardholders earn 2% cash back on all purchases, including travel, rideshare services, dining, and more. There are no bonus categories to remember, and cash rewards do not expire as long as the account remains open. However, it’s worth noting that cash rewards are not earned on balance transfers, cash equivalents, lottery tickets, or casino chips.
Redeeming rewards with the Active Cash Card is also simple. Cash rewards can be redeemed as statement credits to cover purchases starting at $1. However, you must have enough rewards in your account to cover the entire transaction. Alternatively, rewards can be redeemed for a deposit to your Wells Fargo checking account or as a payment toward the principal on a Wells Fargo mortgage. Other options include cash withdrawals from a Wells Fargo ATM in $20 increments (only available with a Wells Fargo debit card) and gift cards in $25 increments.
While the Wells Fargo Active Cash Card may not offer as many redemption options as some travel rewards cards, its simplicity is appealing to many cardholders. Cash-back rewards can be used for a variety of purposes, from covering travel expenses to unexpected home repairs.
In terms of competition, there are several other cash-back credit cards in the market. However, the Wells Fargo Active Cash Card stands out as a strong contender due to its no-annual-fee structure and straightforward rewards program. It is particularly appealing to beginners who may not want to deal with complicated bonus categories or annual fees. However, it’s important to note that the card does have a 3% foreign currency conversion fee, so frequent travelers or international spenders may want to consider a card without foreign transaction fees.
Overall, the Wells Fargo Active Cash Card is a solid choice for those looking for a simple and rewarding cash-back credit card. Its no-annual-fee structure, 2% cash-back on all purchases, and additional benefits make it a great addition to any wallet.