Wells Fargo Active Cash credit card review: Full details

The Wells Fargo Active Cash® Card is a no-annual-fee credit card that offers a straightforward and rewarding cash-back program. With a solid 2% cash-back on purchases and a generous welcome offer, this card provides a simple and hassle-free way to earn rewards. In addition, it offers a range of perks and benefits, making it a suitable choice for those looking for a rewarding yet uncomplicated credit card.

One of the standout features of the Wells Fargo Active Cash® Card is its welcome offer. Currently, the card is offering a $200 cash rewards bonus when you spend $500 on purchases within the first three months of account opening. While this may not match the value offered by top travel rewards cards, it is a standard offer for a cash-back card with no annual fee.

The card also comes with several benefits that add value to cardholders. One of the notable perks is cellphone protection, which covers up to $600 for damage or theft when you pay your monthly phone bill with the Active Cash® Card. There is a $25 deductible, and this coverage is available up to twice per year. Additionally, the card offers zero liability protection, ensuring that you will not be held responsible for unauthorized purchases made on your card.

As a Visa Signature® card, the Wells Fargo Active Cash® Card provides access to a range of benefits such as 24/7 concierge service and access to Visa’s Luxury Hotel Collection. These benefits, typically associated with more premium cards, add value to the Active Cash® Card.

Earning rewards with the Wells Fargo Active Cash® Card is simple and straightforward. Cardholders earn 2% cash rewards on all purchases, including travel, rideshare services, and dining. There are no bonus categories to keep track of, and the cash rewards do not expire as long as the account remains open. However, it’s important to note that cash rewards are not earned on balance transfers, cash equivalents, lottery tickets, or casino chips.

Redeeming cash rewards is easy with the Active Cash® Card. Rewards can be redeemed as statement credits to cover purchases, starting at $1. However, the full transaction amount must be covered by rewards. Alternatively, rewards can be redeemed for a deposit to a Wells Fargo checking account, as a payment toward the principal on a Wells Fargo mortgage, or as cash from a Wells Fargo ATM in $20 increments (only available with a Wells Fargo debit card). Gift cards are also an option for redemption in $25 increments.

While the Wells Fargo Active Cash® Card offers a straightforward and rewarding cash-back program, it’s worth considering how it compares to other cash-back credit cards. While there are many no-annual-fee cash-back cards available, the Active Cash® Card stands out for its simplicity and the range of benefits it offers. However, it’s important to note that the card does have a 3% foreign currency conversion fee, which may not be ideal for frequent international travelers.

In conclusion, the Wells Fargo Active Cash® Card is a solid choice for those seeking a no-annual-fee credit card with a straightforward cash-back program. With its 2% cash-back on purchases, attractive welcome offer, and additional perks, this card provides a rewarding yet simple option for all types of credit card users. Whether you’re a beginner or an experienced cardholder, the Wells Fargo Active Cash® Card could be a valuable addition to your wallet.

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