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Wells Fargo Active Cash℠ credit card full review: should you get it?

A long introductory period of 0% APR, excellent cashback program, exclusive bonuses and benefits. Learn about these and many other Wells Fargo Active Cash℠ credit card benefits.

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by José Gonçalo

05/11/2022 | Updated on 06/13/2022

Wells Fargo Active Cash℠ credit card: earn 2% cash back no matter when or where you spend

Wells Fargo Active Cash℠ credit card
Learn all about this credit card. Source: Wells Fargo

In fact, if the Wells Fargo Active Cash℠ credit card had a trophy room, it would be complete. Since it was launched in 2021, this card has won five grand prizes in just two years.

After all, what’s so amazing about this credit card? Read this full review and find out.

Wells Fargo logo

Wells Fargo Active Cash℠ card: check out how to apply!

Take advantage of one of the best cashback programs, according to expert reviews, and enjoy all the benefits of having a Visa card with the Wells Fargo Active Cash℠ credit card.

Credit ScoreFrom good to excellent (670-850)
Annual Fee$0
Regular APR0% in the first 15 months. Afterwards, it assumes the value of 15.74%, 20.74%, or 25.74% (variable)
Welcome bonusEarn $200 after spending $1,000 on purchases in the first 3 months
Rewards2% unlimited cashback on all your purchases

Wells Fargo Active Cash℠ credit card: learn more about this financial product

Cute woman speaking on mobile phone and holding credit card while sitting in lotus pose on the floor with silver notebook, isolated over yellow background
Learn more about the card’s pros and cons! Source: Adobe Stock.

0% APR introductory period, cashback program, no annual fee and a welcome bonus. In fact, credit cards that manage to combine all these advantages are rare.

This is precisely why the Wells Fargo Active Cash℠ credit card, in just two years of existence, has already won five of the most important awards:

  • 2022 Best Credit Card for Simple Cash Back (NerdWallet);
  • 2022 Best Cash Back Card Overall (The Ascent);
  • 2021 Best for Flat-Rate Rewards (MONEY.com);
  • 2022 Best No Annual Fee Cash Back Credit Card (The Ascent);
  • 2022 Best New Credit Card Launch (The Ascent).

Part of these prizes is due to the great cashback program. With the Wells Fargo Active Cash℠ card, you receive a 2% reward on all your purchases. Also, your scores don’t wait and can be used in a variety of ways.

Bonus on next balance, checking account deposits, eligible mortgages and even ATM withdrawals! Plus, with this card, you have access to Visa Signature®, a travel assistance program.

In addition, you become eligible for the Luxury Hotel Collection, a benefits program that allows for a unique experience in the best hotels in the world.

This card also provides insurance worth $600 for your cell phone. To take advantage of this benefit, simply pay your monthly mobile bill using your Wells Fargo Active Cash℠ card.

Furthermore, in case of fraudulent use of your card, you will be exempt from liability. Finally, this card is a great option for those who want to transfer balances.

For the first 4 months, you can do this by paying a fee of $5 or 3% (whichever is greater). After this period, the fee charged will be $5 or 5% (whichever is greater).

Wells Fargo Active Cash℠ credit card features

So, it’s hard to find downsides to such a critically acclaimed card. However, in any case, here is a list of the main advantages and disadvantages of having this card:

What are the benefits?

  • Cashback program with above average rate (2% on all purchases) and flexibility when using your rewards;
  • No annuity fee to worry about;
  • Great introductory advantages for a relatively long period;
  • Great additional perks, such as insurance for your cell phone.

What are the drawbacks?

  • Does not prioritize any category in the cashback program, which could increase your earnings;
  • 3% on foreign transactions;
  • The high prerequisite welcome bonus (spend $1,000 to earn $200).

What credit score do you need to get the Wells Fargo Active Cash℠ credit card?

In fact, to apply for this card, you will need a relatively high score. At the very least, you need to have a good credit score. So in numbers, your score should be at least 670.

How does the Wells Fargo Active Cash℠ credit card application process work?

You can apply for this credit card without leaving your home! You can complete the entire card application process online, without leaving your couch. To find out how this is possible, click on the link below and check it out:

Wells Fargo logo

Wells Fargo Active Cash℠ card: check out how to apply!

Take advantage of one of the best cashback programs, according to expert reviews, and enjoy all the benefits of having a Visa card with the Wells Fargo Active Cash℠ credit card.

About the author

José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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