Wells Fargo Active Cash Card features and benefits
Unlimited 2% flat-rate rewards means you don't have to activate or track bonus categories
I love all my rewards credit cards, but I can admit that activating categories, tracking bonuses, and keeping up with rewards caps can be a bit much at times. The Wells Fargo Active Cash® Card rewards require none of that.
With the Wells Fargo Active Cash® Card, you get unlimited 2% cash rewards on purchases -- period. Nothing to activate, nothing to track. (In fact, this actually sets it apart from other 2% cards, too, since many of them have extra speed bumps like only getting half your rewards when you make your purchase, or having to redeem your rewards into a specific account.)
- Heading to the grocery store? 2% cash rewards.
- Hitting the hardware store? 2% cash rewards.
- Buying concert tickets? 2% cash rewards.
This rewards versatility means you could use the Wells Fargo Active Cash® Card as the only card in your one-card wallet, since you'll get a fair rate on pretty much everything.
However, that's not it's only use. It's also a nice pick for rounding out your cash back maximization strategy. Pair it with a nice gas and grocery rewards card, maybe a dining rewards card, and you could cover most of your bases without a huge amount of effort.
Earn an easy $200 cash rewards welcome bonus without a ton of spend
When the Wells Fargo Active Cash® Card first came out, it wasn't the only 2% cash rewards card -- but it was the only one I knew of that had a regular welcome bonus. (I don't think it's a coincidence that similar cards now have welcome bonuses, too!)
Beyond the fact that it exists at all, the amount of the welcome bonus isn't remarkable; many of the best no annual fee rewards cards have $200 welcome bonuses. But what I really like about the Wells Fargo Active Cash® Card is that you don't have to spend a fortune to earn that welcome bonus. You only need to put $500 on your new card in the first three months to earn the $200 cash rewards welcome bonus.
That's half, if not a third, of what other cards require for the same size welcome bonus. And it works out to around $167 a month. If you're like me, you could meet that by paying for just your cellphone, internet, and streaming services -- with a lot of bills left over!
0% APR intro offer gives you time to pay off big purchases without big fees
As someone still paying off an expensive move last year, I have a new appreciation for intro 0% APR offers. And the Wells Fargo Active Cash® Card has a decent one: 0% intro APR for 12 months from account opening. (After the intro period, the go-to rate of 20.24%, 25.24%, or 29.99% Variable APR applies.)
That's a year you could carry a balance without having to pay interest fees on it. This lets you break down large purchases into smaller monthly payments, giving you a lot of breathing room to pay them off without fees.
Here's an example: Suppose you open your card in March and make an eligible purchase of $5,000. You can make just the minimum payment each month (which will be significantly less than $5,000) and interest won't start to accrue on that purchase until March of the following year.
Pro tip: Make sure you make at least the minimum payment on time every month or you'll lose your 0% APR!
No annual fee to eat into your Wells Fargo Active Cash® Card rewards
I love a good no annual fee card, and this card is certainly that. Having the Wells Fargo Active Cash® Card $0 annual fee is good for just about any type of cardholder.
One-card walleter? Great! You never have to worry about annual fees and can live your life in peace.
Maximizing rewards and want a flat-rate card for non-category purchases? Also great! You don't have to worry about how often you use your card in an effort to justify some inflated fee.
Cellphone protection gives you $600 worth of peace of mind
If you've ever watched in shocked horror as your $1,000 cellphone slips from your partner's hand while they angle for the perfect shot -- well, let's just say everyone should have some kind of cellphone insurance. Those things aren't cheap to replace.
The simplest way? Use your Wells Fargo credit card to pay your cellphone bill. The Wells Fargo Active Cash® Card offers coverage in the event of theft, damage, or "involuntary and accidental parting." You can get up to $600 per claim, minus a $25 deductible.