Wells Fargo Active Cash Card

Wells Fargo Active Cash Card Review

This is a cashback card issued by Wells Fargo Bank. If you're wondering whether Wells Fargo active cash card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Earn a $200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.24% up to 27.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Wells Fargo Active Cash Card charges a fee of 5% on balance transfers, if you transfer the balance within 120 days of opening the account. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as emergency support, identity theft protection, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of Wells Fargo active cash card

The Good	The Bad
0% APR balance transfer intro rate on balance transfers for up to 15 months. 0% APR on new purchases during the first 15 months. There is then a variable purchase APR that ranges from 17.24% up to 27.24%. No annual fee. Multiple credit card perks. Identity Theft Protection. Wells Fargo Active Cash Card reports to multiple credit bureaus.	Higher than average purchase APRs. You need good credit to qualify. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Charges a 5% balance transfer fee, if you transfer the balance within 120 days of opening the account. After the introductory period, the fee is 5% of the balance transferred or $5, whichever is greater.

Wells Fargo active cash card FAQ

Does Wells Fargo active cash card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 2% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $20 back in cash.

What are the Wells Fargo active cash card benefits?

It provides the following benefits:

• Emergency Support
• Zero fraud liability
• Cell Phone Protection
• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Wells Fargo active cash card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Wells Fargo Active Cash Card has a variable purchase APR that ranges from 17.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 17.24% up to 27.24%. It also has a variable cash advance APR of 28.24% .

What are the fees for Wells Fargo active cash card?

The following fees apply:

Wells Fargo active cash card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Wells Fargo Active Cash Card report your account activity to credit bureaus?

Yes, Wells Fargo Active Cash Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Wells Fargo active cash card

• Visit the Wells Fargo active cash card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.