Wells Fargo Active Cash

By Marcos • 12/01/2024

The Wells Fargo Active Cashback it’s an excellent choice for those looking for simplicity and consistent rewards.

Their offer offers 2% cash back on all purchases, with no bonus categories to activate or limitations. 

Additionally, the card offers a 0% introductory APR for 12 months on qualifying purchases and balance transfers, making it a great option for anyone who needs to finance a purchase or transfer a balance from another card.

And andWhile it doesn’t offer the best travel or spending benefits in specific categories, the combination of cash rewards makes the card a simple and effective choice and way to maximize your everyday purchases.

How does the Card to Wells Fargo Active?

O Fargo works in a simple and efficient way, offering an excellent option for those who want to accumulate rewards in an uncomplicated way. 

First, it offers 2% cash back on all purchases, without the need to follow categories or activate bonuses. This means you earn the same 2% return on all your purchases, making the rewards accrual process easy and straightforward.

Additionally, there is no introductory APR charge and no annual fee, which helps you maximize your rewards without additional costs.

When it comes to redeeming rewards, you can use them to cover recent purchases, get gift cards, or even transfer them to a statement credit on a Wells Fargo account if you’re a Wells Fargo customer. 

Main benefits of Card Wells Fargo Active Casback

The Wells Fargo Active Cashback offers a simple and efficient way to earn rewards, with a flat rate of 2% cash back on all purchases, with no bonus categories or complications to activate. 

This means that no matter where you spend, you will always receive the same 2% cash back, which makes the process of accumulating rewards very straightforward and without surprises. 

While options for redeeming your rewards are somewhat limited, the card offers practical alternatives. You can use your cash rewards to cover recent purchases, or opt for gift cards in $25 increments. 

If you’re an existing Wells Fargo banking customer, you can also transfer your rewards to a statement credit on an eligible Wells Fargo credit card or bank account, or withdraw in cash through an ATM. 

Plus, the $200 sign-up bonus when you spend $500 in the first 3 months adds a significant boost to the value of the card, making it even more attractive to new customers.

Cons of Well Fargo Active

First, while it’s a great card for cash rewards, it doesn’t offer robust benefits for travel or other specific categories like some credit cards aimed at those areas. 

Additionally, there is a charge on balance transfers for the first 120 days after opening the account, and then it increases, which can make balance transfers an expensive option.

Finally, the foreign transaction fee can also be a limiting factor for those who frequently travel abroad, making the card less advantageous when traveling internationally compared to other cards that do not charge this fee.

APR and Fees

The regular APR ranges between 19.49%, 24.49%, or 29.49% depending on your credit profile, which is common with credit cards that offer rewards benefits. 

This fee may apply to purchases after the introductory period ends, so it’s important to pay attention to expiration dates to avoid high charges.

One of the main advantages of this card is the 0% introductory APR for 12 months on qualified purchases and balance transfers, it is an excellent opportunity for those who need to make large purchases or transfer debt.

However, after this period, normal interest rates apply. The balance transfer fee is 3% for the first 120 days after account opening, after which it increases to 5%, with a minimum of $5. 

Additionally, the card charges a 3% fee on foreign currency transactions, which may be relevant for those who travel frequently.

How to apply for the Tomo Credit Card

To request the Wells Fargo Active Cashback Card, you must access the official Wells Fargo website and look for the card page. There you will find detailed information about the product and you can click “Apply now” to begin the registration process. 

During the application, you will be asked to provide personal information such as your name, address, Social Security number (SSN), details about your income and employment. Make sure you fill in all fields correctly.

After you submit your application, Wells Fargo will review the information you provide and perform a credit check. If approved, you will receive your card within 7 to 10 business days.