How Does the Wells Fargo Active Cash® Card Work

The Wells Fargo Active Cash® Card is designed for simplicity and ease of use, making it an excellent choice for both novice and experienced credit card users. Here’s how the card works:

1. Application Process: Applying for the Wells Fargo Active Cash® Card is quick and easy, and can be done online, in a branch, or over the phone. Approval typically depends on your credit score, income, and overall creditworthiness. The card is generally aimed at individuals with good to excellent credit, so a higher credit score may increase your chances of approval.
2. Start Earning 2% Cash Back: Once approved, you can start using your Wells Fargo Active Cash® Card for everyday purchases. Whether you’re buying groceries, paying bills, or dining out, you’ll earn 2% cash back on every dollar spent. The rewards are automatically credited to your account, and there’s no need to sign up for bonus categories or track your spending.
3. Earn the $200 Sign-Up Bonus: To earn the $200 sign-up bonus, you’ll need to spend $500 in purchases within the first 3 months of opening your account. This is a relatively low spending threshold, making the bonus accessible to most cardholders. Once you meet the requirement, the bonus will be credited to your account as cash rewards.
4. Take Advantage of the 0% Introductory APR: If you have a large purchase or existing credit card debt, you can take advantage of the 0% introductory APR for 15 months on purchases and qualifying balance transfers. This gives you time to pay off your balance without incurring interest charges. Keep in mind that a 3% balance transfer fee applies if you transfer balances within the first 120 days of opening your account (then up to 5%).
5. Redeem Your Cash Rewards: The cash rewards you earn can be redeemed in several ways, including as a statement credit, direct deposit, or as a credit towards a Wells Fargo mortgage. The flexibility in redemption options allows you to use your rewards in a way that best suits your financial needs.
6. Protect Your Cell Phone: To take advantage of the card’s cell phone protection, simply pay your monthly cell phone bill with the Wells Fargo Active Cash® Card. This will automatically activate the coverage, providing up to $600 in protection against damage or theft (subject to a $25 deductible).
7. Utilize Visa Signature® Benefits: As a Visa Signature® cardholder, you’ll have access to a range of additional perks, including concierge services, travel and emergency assistance, and extended warranty protection. These benefits can add extra value to the card, especially if you frequently travel or make large purchases.

Benefits of Using the Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card offers several benefits that make it an appealing choice for those looking to maximize their cash-back earnings:

• Simple and Consistent Rewards: The flat-rate 2% cash back on all purchases is the card’s most significant advantage. There’s no need to track spending categories or worry about rotating bonuses—every purchase earns the same cash back, making it easy to accumulate rewards.
• Generous Sign-Up Bonus: The $200 sign-up bonus is a valuable incentive for new cardholders, especially given the low spending requirement. This bonus can provide a significant boost to your rewards earnings in the first few months of using the card.
• 0% Introductory APR: The 0% introductory APR on purchases and balance transfers for 15 months makes the Wells Fargo Active Cash® Card an excellent option for financing large purchases or consolidating existing credit card debt. The interest-free period allows you to pay off your balance over time without incurring additional costs.
• No Annual Fee: With no annual fee, the Wells Fargo Active Cash® Card is a cost-effective choice for anyone looking to maximize their cash-back earnings. You can keep the card in your wallet year after year without worrying about ongoing costs.
• Cell Phone Protection: The card’s cell phone protection is a valuable perk that can save you money if your phone is damaged or stolen. This benefit is easy to activate—just pay your monthly cell phone bill with the card—and can provide peace of mind for cardholders.
• Flexible Redemption Options: The Wells Fargo Active Cash® Card offers flexible redemption options, allowing you to use your rewards in a way that best suits your financial needs. Whether you prefer a statement credit, direct deposit, or credit towards a mortgage, the choice is yours.
• Visa Signature® Benefits: The additional perks that come with the Visa Signature® designation add extra value to the card. From concierge services to travel assistance, these benefits can enhance your overall experience as a cardholder.

Potential Drawbacks of the Wells Fargo Active Cash® Card

While the Wells Fargo Active Cash® Card offers many benefits, there are some potential drawbacks to consider:

• No Bonus Categories: While the flat-rate 2% cash back is consistent and straightforward, the lack of bonus categories means you won’t earn higher rewards on specific types of spending. If you spend heavily in certain categories like dining or groceries, other cash-back cards with higher category bonuses might offer better overall rewards.
• Foreign Transaction Fee: The Wells Fargo Active Cash® Card charges a 3% foreign transaction fee on purchases made outside the U.S. This can make the card less attractive for international travelers. If you frequently travel abroad, you might want to consider a card with no foreign transaction fees.
• Limited Travel Benefits: While the card offers some travel benefits through the Visa Signature® program, it lacks more comprehensive travel perksGO TO WEBSITE