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The Wells Fargo Active Cash card is an excellent choice for those looking to maximize their cashback earnings in a simple and efficient way. Offering a 2% return on all purchases, this card combines efficiency and value.
Moreover, with a range of additional benefits and a competitive fee structure, the Active Cash stands out as one of the best cashback cards currently available in the financial market.
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If you want to get some of your spending back and have access to a highly secure shopping experience, keep reading to find out how to apply for your Wells Fargo card.
About the Issuer
Wells Fargo is one of the most traditional financial institutions in the United States, with a long history dating back to 1852. Known for its wide range of financial services, the company stands out for its reliability and innovation in the banking sector.
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With a significant presence throughout the country, Wells Fargo not only offers comprehensive financial services but also strives to maintain a strong connection with the community. Its credit cards, such as the Wells Fargo Active Cash, are designed to offer simplicity and tangible benefits to users.
Wells Fargo’s mission is to provide exceptional financial services that help customers achieve their financial goals. This dedication to excellence is reflected in products like the Active Cash card, which combines simplicity and attractive rewards.
Benefits
Cashback Rewards: The highlight of Wells Fargo Active Cash is the 2% cashback on all purchases, with no bonus categories to remember. This simple and straightforward rewards structure makes this card ideal for those who want to maximize earnings without complications.
Welcome Bonus: By spending $500 in the first three months after opening the account, you receive a $200 cashback bonus. This bonus is relatively easy to achieve compared to other cards that require higher spending for similar rewards.
Cell Phone Protection: Another significant benefit is cell phone protection, which covers up to $600 against damage or theft, as long as you pay the cell phone bill with the card. There is a small deductible of $25, but this benefit can be quite useful for those who have had issues with cell phone damage.
Intro APR Rate: The card offers an introductory APR rate of 0% for 15 months on purchases and balance transfers, which is ideal for those who need to finance a large purchase or consolidate debts without paying high interest during the introductory period.
No Annual Fee: One of the most attractive advantages of the Wells Fargo Active Cash is that it does not charge an annual fee. This means you can enjoy all the card’s benefits without worrying about annual costs.
Visa Benefits: As a Visa card, the Active Cash offers access to the Visa Luxury Hotel Collection, adding a layer of luxury and convenience.
Wells Fargo Active Cash Credit Card – Fees and commissions
The Wells Fargo Active Cash is a no-annual-fee card, which is a major attraction. However, it does have some fees to consider. The balance transfer fee is 3% (minimum of $5) for the first 120 days, then it increases to 5%.
Foreign transaction fees are 3%, which can be a disadvantage for frequent travelers. The variable APR, after the introductory period, ranges from 20.24%, 25.24%, and 29.99%, depending on your credit qualification.
Wells Fargo can update the card’s rates and fees without notice, so to check the current conditions, consult the bank’s official website.
Card limit
The credit limit of the Wells Fargo Active Cash credit card varies according to the credit analysis conducted by the bank during the application process. Factors such as credit history, income, and debt-to-income ratio are determinants in establishing the initial limit.
Typically, for people with good to excellent credit, initial limits start around $1,000 but can be significantly higher depending on individual evaluation.
It is possible to request credit limit increases after a few months of responsible card use, demonstrating good credit behavior such as paying bills on time and maintaining a low credit utilization rate. Maintaining a positive relationship with the bank can also facilitate the approval of higher limits in the future.
Positive points
- HIGH CASHBACK:2% on all purchases without special categories.
- ACCESSIBLE BONUS:$200 bonus after spending $500 in the first three months.
- ZERO ANNUAL FEE:No cost to maintain the card long-term.
Negative points
- FOREIGN TRANSACTION FEE:3% fee on international purchases.
- HIGH APR AFTER INTRODUCTORY PERIOD:5Interest rates can be high for those who do not pay the balance in full.
- ELIGIBILITY:Requires a good credit history for approval.
How to apply for Wells Fargo Active Cash
- Visit the official Wells Fargo website;
- Enter the Active Cash card page;
- Click on “Apply Now“;
- Fill out the form with all required information;
- Review and submit your application;
- Wait for approval and receive your card by mail.
How to contact Wells Fargo
For more information or assistance, you can contact Wells Fargo:
- Phone: 1-800-967-9521
- In person: Visit a bank branch
The Wells Fargo Active Cash is a powerful card for those looking to maximize their cashback rewards with simplicity and no hassle. Don’t miss the opportunity to turn your daily purchases into significant earnings. Apply now and start saving!
