The Wells Fargo Active Cash® Card is a jack-of-all-trades when it comes to credit card benefits. It has no annual fee and built-in cell phone coverage. It also has an above-average intro APR offer, yet still has an easy-to-earn welcome bonus.
If you've been considering applying for this cash-back credit card, here are the five best benefits of the Wells Fargo Active Cash Card.
The Wells Fargo Active Cash® Card is great if you want simplicity thanks to its flat-rate 2% unlimited cash rewards on purchases and $0 annual fee.
- High flat-rate return on purchases
- Intro-APR for purchases and qualifying balance transfers for a year
- No annual fee
- Cell phone protection
- Has a foreign transaction fee
- Limited redemption options unless you pair it with a Wells Fargo card that allows point transfers
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 18.49%, 24.49%, or 28.49% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Balance Transfer Fee
3% intro for 120 days from account opening, then up to 5%, min: $5
Foreign Transaction Fee
3%
Easy-to-earn intro bonus
The Wells Fargo Active Cash Card has a healthy welcome bonus compared to other no-annual-fee credit cards. New card members can earn a $200 cash rewards bonus after spending $500 in purchases in the first three months after opening the account.
What makes this card's bonus offer so useful is how easy it is to earn. The spending requirement averages out to under $167 a month for the first three months to qualify for the bonus, which is a much smaller threshold than what you'll find with most of the other best welcome bonus offers.
Top-tier intro 0% APR offer
Credit card interest rates are notoriously high, and if you have credit card debt, a 0% intro APR offer can give you a jumpstart on paying it off. The Wells Fargo Active Cash Card comes with an intro 0% APR for 12 months on purchases and qualifying balance transfers for new card members, then a variable 18.49%, 24.49%, or 28.49% APR applies. A typical rewards card may offer an intro APR for 12 months and it sometimes only applies to purchases or balance transfers. However, with this card, the intro APR applies to both purchases and qualifying balance transfers, and you're getting an additional three months of no interest.
You must complete a balance transfer within the first 120 days of account opening to qualify for the intro APR. There is an intro balance transfer fee of 3% for 120 days from account opening. After the first 120 days, the standard balance transfer fee is up to 5% of the amount transferred ($5 minimum).
2% back everywhere
Wells Fargo Active Cash Card members earn unlimited 2% cash rewards on purchases. This simple rewards structure is a great option for everyday purchases that won't earn bonus rewards with another card. The typical cash-back card earns 1% on purchases that fall outside of special bonus categories, which can earn up to 5% back. By relying on the Wells Fargo Active Cash for that spending, you're doubling your rate of return.
Cell phone insurance
When you pay your cell phone bill with the Wells Fargo Active Cash Card, you'll qualify for the card's cell phone protection. With this coverage, you can be reimbursed up to $600 per claim for theft, damage or loss of a covered cell phone. This insurance pays up to two claims per 12 months and there's a $25 deductible.
No annual fee
The best travel credit card and rewards credit card benefits are usually attached to cards with annual fees. Generally, the bigger the annual fee, the better the benefits. However, it can be a hassle to utilize all of a card's perks to justify paying the yearly fee.
With a no-annual-fee card, it's much simpler. All the value you receive from the Wells Fargo Active Cash Card's intro APR, welcome bonus, unlimited 2% cash rewards or cell phone protection doesn't need to be added to a complicated calculation to justify paying an annual fee.
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Bottom line
The Wells Fargo Active Cash Card has a lot of the best features you should look for in a rewards credit card. Its welcome bonus is generous when you consider that it has no annual fee. On top of that, it earns a flat 2% back on all spending, which makes it a great card for everyday purchases. For anyone looking to ease the sting of credit card interest, both purchases and balance transfers can qualify for this card's intro-APR offer.
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