Embrace Unlimited Cashback Without Annual Fees
The Wells Fargo Active Cash Card simplifies the credit card experience by offering a straightforward 2% cashback on all purchases. Standing out in the realm of flat-rate cashback cards, its appeal is enhanced by the absence of an annual fee, making it a competitive option in the market.
Particularly attractive for those who aren’t frequent travelers and might not benefit from a travel rewards card, the Wells Fargo Active Cash Card is a solid choice for everyday spending. Though it may not be ideal for international shopping due to its foreign transaction fees, it does provide a valuable cell phone protection benefit.
Explore the card’s features, benefits, and application process to see if it aligns with your financial needs.
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Key Details of the Wells Fargo Active Cash Card
- Welcome Bonus: Earn a $200 cash reward after spending $1,000 in the first three months.
- Introductory APR: Enjoy 0% APR for the first 15 months on purchases and balance transfers; a 25.99% APR applies to cash advances and overdraft protection advances from account opening.
- Ongoing APR: Variable rates of 14.99%, 19.99%, or 24.99%, based on your creditworthiness.
- Annual Fee: None.
Rewards and Transaction Fees
- Unlimited 2% Cash Rewards: On all purchases with no restrictions.
- Balance Transfer Fees: An introductory fee of $5 or 3% for the first 120 days, then up to 5% (minimum $5) thereafter.
- Cash Advance Fees: $10 or 5%, whichever is greater.
- Overdraft Protection Advance Fees: $12.50 for totals $50 or less; $20 for totals over $50.
- Foreign Transaction Fees: 3% of each transaction converted to U.S. dollars.
Additional Features
- Cell Phone Protection: Up to $600 coverage (terms apply).
- Enhanced Security: Includes voice verification and two-step sign-on verification.
- Zero-Liability Protection: For promptly reported unauthorized transactions.
- Contactless Payments: For added convenience.
Considerations
- Eligibility for Bonus Offers: May not apply if you’ve had a Wells Fargo credit card within the past 15 months.
- Foreign Transaction Charges: Applies to international purchases.
- Balance Transfer Charges: Incurs fees.
- Lack of Bonus Categories: No additional cashback on specific categories.
How to Apply?
Ready to apply? Visit Wells Fargo’s website to complete the application process, which is quick and user-friendly. Options include adding an authorized user and transferring balances. While a specific FAQ section for this card might not be available, the website offers ample information.
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FAQ: Understanding the Wells Fargo Active Cash Card
- What is the Wells Fargo Active Cash Card? The Wells Fargo Active Cash Card is a credit card offering an unlimited 2% cash rewards rate on all purchases. It’s designed for consumers looking for a simple yet effective cashback reward structure without an annual fee.
- What is the welcome bonus for the Wells Fargo Active Cash Card? The card offers a $200 cash reward bonus after you spend $1,000 on purchases in the first three months from account opening.
- Does the Wells Fargo Active Cash Card have an annual fee? No, there is no annual fee for this card, making it an economical choice for many users.
- What are the APR rates for this card? The card offers a 0% introductory APR for the first 15 months on purchases and balance transfers. Following this period, the ongoing APR ranges from 14.99% to 24.99%, based on creditworthiness.
- Are there any rewards associated with the Wells Fargo Active Cash Card? Yes, the card offers an unlimited 2% cash rewards on all purchases, with no category restrictions or caps.
- What are the foreign transaction fees for this card? The Wells Fargo Active Cash Card has a foreign transaction fee of 3% of each transaction converted to U.S. dollars.
- What additional benefits does the card offer? Additional benefits include $600 cell phone protection (subject to terms), enhanced security features like voice verification, zero-liability protection for promptly reported unauthorized transactions, and a contactless payment feature.
- Is this card suitable for international travel and purchases? While the card does offer benefits, the 3% foreign transaction fee might make it less ideal for frequent international travelers or those who make many foreign transactions.
- Can I transfer balances with this card, and are there fees? Yes, balance transfers are possible. There is an introductory balance transfer fee of $5 or 3% of the amount of each transfer, whichever is greater, for 120 days from account opening. After that, the fee goes up to 5% (minimum $5).
- How do I apply for the Wells Fargo Active Cash Card? You can apply for the Wells Fargo Active Cash Card online via the Wells Fargo website. The application process is streamlined and can include options like adding an authorized user or transferring balances.
For more specific information or guidance, it’s advisable to contact Wells Fargo directly or consult their website. This card could be a valuable tool in your financial strategy, depending on your spending habits and credit goals.
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