Wells Fargo Active Cash® Card

About

The Wells Fargo Active Cash® Card® is a cash back rewards credit card that offers several features and benefits, including unlimited 1.5% cash rewards on net purchases, a sign-up bonus of $200 after spending $1,000 in the first 3 months, and a 0% intro APR for the first 15 months on purchases and balance transfers. There is no annual fee for this card and it offers zero liability for unauthorized transactions. The Wells Fargo Active Cash® Card® also offers benefits such as 24/7 fraud monitoring and mobile wallet compatibility. It's important to review the terms and conditions of the card before applying to ensure it is the right card for your needs and to understand how to maximize the benefits.

Features

1. Cash back rewards. Earn unlimited 1.5% cash rewards on net purchases.
2. Sign-up bonus. Receive a cash rewards bonus of $200 after spending $1,000 in purchases in the first 3 months from account opening.
3. Mobile wallet purchases. Earn unlimited 1.8% cash rewards on qualified mobile wallet purchases, such as Apple Pay® or Google Pay™, during the first 12 months from account opening.
4. No annual fee. There is no annual fee for this card.
5. 0% Intro APR. Enjoy a 0% introductory APR for the first 15 months from account opening on purchases and balance transfers. After that, a variable APR will apply.
6. Zero Liability Protection. You will not be held responsible for unauthorized transactions made with your card.
7. Fraud monitoring. The card offers 24/7 fraud monitoring. Wells Fargo monitors your account for suspicious activity and will alert you if they detect something that may be fraudulent.
8. Mobile compatibility. The Wells Fargo Active Cash® Card® is compatible with mobile wallets such as Apple Pay® and Google Pay™.
9. Mobile banking. You can easily manage your account through the Wells Fargo mobile app.
10. Chip technology. The card has a chip for added security and wider acceptance at chip-enabled terminals
11. Optional overdraft protection. You can link your Card to your checking account for overdraft protection
12. Customer service. You have access to 24/7 customer service for assistance with your account.

It's important to review the terms and conditions of the card before applying to ensure it is the right card for your needs and to understand how to maximize the benefits.

Rewards

The Wells Fargo Active Cash® Card offers a straightforward cash rewards program. Cardholders earn 1.5% cash back on all purchases made with the card, with no limit to the amount of cash back that can be earned. The cash back rewards are automatically credited to the cardholder's account and can be redeemed for statement credits, electronic deposits into a Wells Fargo savings or checking account, or for merchandise and travel rewards. Additionally, there are no rotating categories to keep track of, making it a simple and easy way to earn cash rewards on everyday purchases.

How to apply for Wells Fargo Active Cash® Card®?

1. Visit the Wells Fargo website. Go to the Wells Fargo website and find theWells Fargo Active Cash® Card page.
2. Start the application process. Click on the "Apply Now" button to start the application process.
3. Provide personal information. Fill out the application form with your personal information, including your name, address, Social Security number, and employment information.
4. Review and submit. Review the information you have provided, including the terms and conditions of the card, and then submit the application.
5. Wait for approval. Wells Fargo will review your application and let you know if you are approved. This process can take several days.
6. Activate your card. If approved, you will receive your card in the mail. Follow the instructions provided to activate your card and start using it.

Rates and fees

The rates and fees for the Wells Fargo Active Cash® Card include:

1. APR. The card has a 0% introductory APR for the first 15 months from account opening on purchases and balance transfers. After that, a variable APR will apply, based on the Prime Rate. The current APR ranges from 16.24% to 26.24%, depending on creditworthiness.
2. Balance transfer fee. A balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, will apply.
3. Cash advance fee. A cash advance fee of either $10 or 5% of the amount of each transaction, whichever is greater, will apply.
4. Foreign transaction fee. A foreign transaction fee of 3% of the amount of each transaction in U.S. dollars will apply for transactions made outside of the U.S.
5. Late payment fee. A late payment fee of up to $40 will apply if a payment is received after the due date.
6. Returned payment fee. A returned payment fee of up to $40 will apply if a payment is returned.

It's important to review the terms and conditions of the card, including the fees and interest rates, before applying to ensure it is the right card for your needs and to understand the costs associated with using the card.

Pros and Cons

Pros

1. Welcome Bonus. New cardholders can earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening.
2. Cash back rewards. Cardholders can earn 1.5% cash back on purchases and unlimited 1.8% cash back on purchases made through the mobile wallet during the first 12 months from account opening. After that, cardholders can earn 1.5% cash back on purchases.
3. Introductory APR. The card has a 0% introductory APR for the first 15 months from account opening on purchases and balance transfers, which can be useful for making large purchases or transferring high-interest balances.
4. No annual fee. The card has no annual fee, making it a cost-effective option for those who want to earn cash back rewards.

Cons

1. Balance transfer fee. A balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, will apply, which can be expensive for those who plan to transfer a large balance.
2. Variable APR. After the introductory APR period, a variable APR will apply, based on the Prime Rate, which can be unpredictable and subject to change.
3. Foreign transaction fee. A foreign transaction fee of 3% of the amount of each transaction in U.S. dollars will apply for transactions made outside of the U.S., which can be costly for frequent international travelers.
4. Cash advance fee. A cash advance fee of either $10 or 5% of the amount of each transaction, whichever is greater, will apply, which can be expensive for those who need to take out a cash advance.

It's important to consider both the pros and cons of the Wells Fargo Active Cash® Card to determine if it's the right card for your needs and to understand the costs and benefits associated with using the card

Requirements

To be eligible for the Wells Fargo Active Cash® Card, you must meet the following requirements:

1. Age. You must be at least 18 years of age or older to apply.
2. Residency. You must be a resident of the United States and have a valid U.S. mailing address.
3. Credit score. You must have a good to excellent credit score, which is generally considered to be a FICO score of 670 or higher.
4. Income. You must have a sufficient income to support the credit limit and make the minimum monthly payments on the card.
5. Identification. You must provide a valid government-issued photo ID, such as a driver's license or passport, and your Social Security number.
6. Financial information. You may need to provide information about your employment, income, and other financial information to help determine your creditworthiness.

It's important to meet these requirements to increase your chances of being approved for the Wells Fargo Active Cash® Card and to ensure that you are able to use the card responsibly.

Issue and repayment

Issuing and Repaying the Wells Fargo Active Cash® Card:

1. Issuing the card. To receive the Wells Fargo Active Cash® Card, you must first apply for the card and be approved by Wells Fargo. You can apply for the card online, by phone, or in-person at a Wells Fargo branch.
2. Setting up an account. Once you receive your card, you will need to activate it and set up an online account with Wells Fargo. This will allow you to view your transactions, make payments, and manage your account.
3. Making purchases. You can use the Wells Fargo Active Cash® Card to make purchases anywhere that Visa is accepted. The purchases will appear on your monthly statement, and you will be responsible for paying the balance in full or making a minimum payment each month.
4. Repaying the balance. You can make payments on your Wells Fargo Active Cash® Card by mailing a check, setting up automatic payments, or making a payment online. You should aim to pay your balance in full each month to avoid interest charges and maintain a good credit score.
5. Late payments. If you miss a payment, a late fee may be assessed, and your credit score may be negatively affected. If you are having trouble making payments, it's important to contact Wells Fargo to discuss your options and avoid further consequences.

It's important to understand the process of issuing and repaying the Wells Fargo Active Cash® Card so that you can use the card responsibly and avoid potential fees and penalties.

How to lock for missing or stolen cards?

If your Wells Fargo Active Cash® Card is lost or stolen, you should take immediate action to protect yourself from unauthorized charges and potential fraud. Here's what you should do:

1. Report the loss. Call Wells Fargo as soon as possible to report the loss of your card. The customer service number is available 24/7 and can be found on the back of your card or on the Wells Fargo website.
2. Request a replacement card. Wells Fargo will cancel your missing or stolen card and issue you a new one. The process usually takes a few business days.
3. Monitor your account. Check your account regularly to ensure that no unauthorized charges have been made. You can do this by logging into your online account or checking your monthly statement.
4. Dispute any fraudulent charges. If you find any unauthorized charges, you should immediately dispute them with Wells Fargo. The bank will investigate the charges and, if they are found to be fraudulent, will refund the money to you.
5. Consider setting up fraud alerts. You can set up fraud alerts with one of the credit bureaus (Equifax, Experian, or TransUnion) to notify you if any suspicious activity is detected on your account.

It's important to take these steps to protect yourself and your finances if your Wells Fargo Active Cash® Card Card is lost or stolen.

Wells Fargo Active Cash® Card Card VS Citi® Double Cash Credit Card

The Wells Fargo Active Cash® Card is a cashback credit card that offers 1.5% cash back on all purchases with no annual fee, while the Citi® Double Cash Credit Card offers 2% cash back: 1% when you make a purchase and 1% when you pay it off. Both cards have no annual fee, but the Citi® Double Cash Credit Card has a higher rewards rate, making it a better option for those who want to earn more cash back on their purchases. However, it's important to consider other factors such as the sign-up bonus, interest rates, and the credit score required for approval before choosing a card.

Wells Fargo Active Cash® Card vs Bank of America® Unlimited Cash Rewards

The Wells Fargo Active Cash® Card is a cashback credit card that offers 1.5% cash back on all purchases with no annual fee, while the Bank of America® Unlimited Cash Rewards card offers unlimited 1.5% cash back on all purchases with a $0 annual fee for the first year, then $25/year after that. Both cards offer similar rewards rates, but the Bank of America® Unlimited Cash Rewards card has an annual fee of $25 after the first year, whereas the Wells Fargo Active Cash® Card has no annual fee. However, the Bank of America® Unlimited Cash Rewards card may offer better rewards for those who have a Bank of America checking or savings account, as the rewards rate increases to 2.625% cash back for Preferred Rewards clients. It's important to compare both cards' interest rates, fees, and benefits before making a decision.

Wells Fargo Active Cash® Card vs Blue Cash Preferred® Card

The Wells Fargo Active Cash® Card is a cashback credit card that offers 1.5% cash back on all purchases with no annual fee, while the Blue Cash Preferred® Card from American Express offers 6% cash back on U.S. supermarket purchases (up to $6,000 per year, then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more, and 1% cash back on other purchases. The Blue Cash Preferred® Card has an annual fee of $95, so it's best suited for those who spend a lot on supermarkets and streaming services. On the other hand, the Wells Fargo Active Cash® Card is a simpler card with a lower rewards rate, but no annual fee, making it a better option for those who want a card with no annual fee and straightforward cashback rewards. It's important to compare both cards' fees, interest rates, and benefits before making a decision.

Wells Fargo Active Cash® Card vs Discover it® Cash Back Credit Card

The Wells Fargo Active Cash® Card is a cashback credit card that offers 1.5% cash back on all purchases with no annual fee, while the Discover it® Cash Back Credit Card offers 5% cash back on rotating quarterly categories (up to the quarterly maximum, then 1%), 1% cash back on all other purchases, and a dollar-for-dollar match of all the cash back earned at the end of the first year. The Discover it® Cash Back Credit Card has no annual fee and offers higher rewards in rotating categories, making it a better option for those who can take advantage of the 5% cash back categories. However, the Wells Fargo Active Cash® Card has a simpler rewards structure and no annual fee, making it a good option for those who want straightforward cash back rewards without having to keep track of rotating categories. It's important to compare both cards' fees, interest rates, and benefits before making a decision.

FAQ

What is the highest credit limit for Wells Fargo Active Cash® Card?

The highest credit limit for the Wells Fargo Active Cash® Card is determined by Wells Fargo based on several factors, including your credit score, income, and other financial information. But typically ranges from $1,000 to $20,000 or more. There is no set credit limit for the card and it can vary from customer to customer. Some customers may receive a high credit limit, while others may receive a lower limit. The credit limit offered to you will depend on your individual financial profile and creditworthiness, and it may be reviewed and adjusted periodically by Wells Fargo. If you have concerns about your credit limit or would like to request an increase, you can contact Wells Fargo customer service for assistance.

How do I make a balance transfer on the Wells Fargo Active Cash® Card?

To make a balance transfer on the Wells Fargo Active Cash® Card, you can follow these steps:

1. Log into your Wells Fargo online account.
2. Select the "Transfer" option from the main menu.
3. Choose "Balance Transfer" as the transfer type.
4. Enter the account information for the credit card or loan you would like to transfer the balance from.
5. Enter the amount you want to transfer and select a transfer date.
6. Review and confirm the details of your balance transfer.

Note that balance transfers on the Wells Fargo Active Cash® Card may be subject to a balance transfer fee. You can contact Wells Fargo customer service to confirm the fee and any other terms and conditions related to balance transfers.

Is Wells Fargo Active Cash® Card to get?

The highest credit limit for the Wells Fargo Active Cash® Card is determined by several factors including your credit score, income, debt-to-income ratio, and other financial information. As a result, there is no set highest credit limit for the Wells Fargo Active Cash® Card. The credit limit is determined on a case-by-case basis and will be reviewed periodically. To increase your chances of being approved for a higher credit limit, it is recommended to maintain a good credit score, manage your existing debts responsibly, and demonstrate a stable income.

Is Wells Fargo Active Cash® Card instant approval?

Wells Fargo Active Cash® Card approval is not instant. Wells Fargo will review your credit history, income, and other financial information to determine your eligibility for the card. The approval process typically takes a few minutes to a few days. If you are approved, you will receive a decision and, if approved, your card will be mailed to you. Keep in mind that instant approval is not guaranteed and approval will depend on your individual circumstances. To increase your chances of approval, it is recommended to have a good credit score, stable income, and manage your existing debts responsibly.

What credit score is needed for Wells Fargo Active Cash® Card?

The credit score needed for the credit card can vary depending on several factors, including your credit history, income, and other financial information. However, it is generally recommended to have a good to excellent credit score of 670 or higher to be approved for the card. Keep in mind that credit scores are just one factor in the approval process, and other factors such as income, debt-to-income ratio, and recent credit activity will also be considered. If you have a lower credit score, you may still be approved, but you may be offered a lower credit limit or a higher interest rate.

Can I get cash with my Wells Fargo Active Cash® Card?

Yes, you can get cash with your Wells Fargo Active Cash® Card by using it at an ATM. However, keep in mind that cash advances on credit cards typically come with higher interest rates and fees than regular purchases, and the interest on cash advances starts accruing immediately. Additionally, there may be limits on the amount of cash you can withdraw per day with your Wells Fargo Active Cash® Card. If you need cash, it's usually best to withdraw the cash from a checking account or use a debit card instead of a credit card. If you do need to use your credit card to withdraw cash, it's important to pay back the amount in full as soon as possible to avoid high interest charges and fees.

What a Wells Fargo Active Cash® Card transaction fee?

The Card may have various fees associated with its usage, including transaction fees. Some of the fees that may apply include:

1. Cash advance fee. A fee that is charged when you use your card to withdraw cash at an ATM or to get a cash advance.
2. Balance transfer fee. A fee that is charged when you transfer a balance from another credit card to your Wells Fargo Active Cash® Card.
3. Foreign transaction fee. A fee that is charged for transactions made outside of the United States.
4. Late payment fee. A fee that is charged if you make a late payment on your card.
5. Returned payment fee. A fee that is charged if a payment you made to your card is returned.

Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5.

Note that the fees listed above are just a few examples and the specific fees that apply to your Wells Fargo Active Cash® Card may vary. It is important to review the terms and conditions of the card and to contact Wells Fargo customer service for a full list of fees and to understand the fees that apply to your card.