Wells Fargo Active Cash® Card review

This no-annual-fee card offers an easy way to rack up rewards, giving you a flat 2% cash back earned on all purchases without any worry about categories.

Written by
Brooklyn Lowery
Edited by
Jennifer Doss
Why you should trust CardRatings
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Cash Back Card

Wells Fargo Active Cash® Card

  • Rewards
  • Earn unlimited 2% cash rewards on purchases.
  • Welcome Bonus
  • Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
  • Annual Fee
  • $0
card_name
5.0
Credit Score: Excellent, Good
on Wells Fargo's secure website
Terms and Limitations Apply

Key Features

Editor Analysis:

Pros
  • Earn a $200 cash rewards bonus after spending $500 in purchases in the first three months.
  • Earn unlimited 2% cash rewards on purchases.
Cons
  • The Go Far® Rewards program has some excellent and useful features – redeeming your rewards via an ATM withdrawal, for instance – but it isn't as lucrative a program as some of the other rewards program currencies out there.
ALTERNATE CARD TO CONSIDER

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When browsing the market for credit cards that offer cash rewards, some of the most important factors to consider are rewards (Are top rewards offered for purchases that fit into your current budget and lifestyle?), extra features (Are there “fine print” perks that will benefit you?) and fees (Are the fees reasonable based on the rewards and perks of the card?).

The CardName answers “Yes!” to all of the above for a wide array of customers by offering 2% cash rewards on every eligible purchase, an easily attainable (though modest) welcome bonus, a AnnualFees annual fee and a 0% introductory APR from account opening for purchases and qualifying balance transfers for 15 months (then, RegAPR; balance transfers made within 120 days qualify for the intro rate and fee of BalanceTransferFees) among other features.

CardName rewards

Accumulating cash rewards with the CardName is as simple as making a purchase. Cardholders earn unlimited 2% back on every eligible purchase made. For example, if you use your CardName for $1,500 in purchases each month, you would accumulate $360 in rewards over the course of a year.

Rewards accumulate in the Wells Fargo Go Far® Rewards program, which offers a variety of simple options for redemption, including statement credit, bank check, gift cards, Wells Fargo ATM withdrawal, air travel, hotel stays and car rentals. You can even use them toward a qualifying Wells Fargo mortgage or share them with other Wells Fargo cardholders.

CardName benefits

In addition to its rewards program, the CardName features other attractive benefits to put cash in your pocket or help you save money.

Right out of the gate, you can earn a $200 cash rewards bonus when you make just $500 in qualifying purchases over the first three months from account opening. While it’s advertised as a “cash rewards bonus,” the bonus is issued as Go Far® Rewards, so you can redeem through that program in any of the ways mentioned above.

The CardName also offers an introductory 0% APR on new purchases and qualifying balance transfers for 15 months from the time you open your account. If you happen to be carrying a significant balance at a high rate of interest on another card, this offer could save you hundreds of dollars in interest over the course of those 15 months. Note that balance transfers must be made within 120 days of opening your account and are subject to a balance transfer fee. After the 15-month introductory period, the interest rate shifts to RegAPR.

One thing that won’t change, however, is your annual fee. The CardName has a annual_fees annual fee.

In addition to the benefits and features specific to the CardName, it being a Visa card opens up a whole other slate of benefits. Cardholders qualify for zero liability protection for unauthorized purchases, roadside assistance and auto rental collision coverage. You also qualify for Visa Signature Benefits, including 24/7 Visa Concierge Service, extended warranty protection, emergency travel assistance and perks at certain luxury hotels.

CardName mobile protection

Using your CardName to pay your monthly cellular phone bill comes with a nifty benefit: Cardholders receive up to $600 in protection against covered damage or theft (subject to a $25 deductible). This can provide great piece of mind, but also saves you the cost of third-party mobile phone insurance.

Covered phones are those listed on the most recent mobile bill you’ve paid with your CardName and claims are limited to two per 12-month period, with a maximum coverage of $1,200 in that time ($600 per claim).

Potential downsides of the CardName

CardName charges a foreign_fee fee on all foreign transactions, meaning you might want to leave it at home when travelling abroad. Keep in mind, too, that shopping online with merchants that are based abroad could also trigger that foreign transaction fee. Make sure your purchase is in U.S. dollars if you don’t want to pay extra when using this card.

Additionally, the $200 welcome bonus opportunity is nice, but there are equal or better cash rewards bonuses out there for a lesser spending threshold.

Lastly, the Go Far® Rewards program has some excellent and useful features – redeeming your rewards via an ATM withdrawal, for instance – but it isn’t as lucrative a program as some of the other rewards program currencies out there. If your primary goal is straight cash rewards, this program works just fine and you’ll get the value you expect. If you’re wanting to redeem for travel rewards, there are better rewards currencies on the market.

How does the CardName compare to other cards?

CardName vs. CardName

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There are numerous similarities between the CardName and the CardName. In fact, you have to look closely to find the key differences that might influence your choice. Citi is a CardRatings advertiser.

Neither card charges an annual fee and both offer unlimited 2% cash rewards on purchases; however, while the Wells Fargo card offers 2% on the purchase itself, the Citi card offers 1% at the time of purchase and another 1% when you actually pay for the purchase. If you’re paying your credit card balance off in full every month, this difference is really a moot point. If you carry a balance, however, just know that you won’t earn that full 2% on the Citi card until you pay for the purchase.

Both cards also offer introductory APRs, but their terms are quite different. The Citi card offers a longer period of 18 months, but only for balance transfers (after the intro, the APR becomes RegAPR).

The CardName welcome bonus is similar, but the terms are slightly different. New cardholders can earn $200 cash back once spending $1,500 on purchases in the first six months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

CardName vs. CardName

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The biggest difference between these two cards is in the structure of the rewards. If simplicity is your goal, the CardName is a better option with 2% cash rewards earn on all purchases. If you’re more concerned with maximizing rewards, consider the CardName, which earns 3% cash back in a category of your choice (gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases) and 2% at grocery stores and wholesale clubs for the first $2,500 of combined bonus category/grocery store/wholesale club spending per quarter. Earn 1% on all other purchases. You can change your bonus category once per calendar month.

Obviously, you could earn quite a bit more cash back with the Bank of America card, but the tradeoff is that it’s a much more complex system to keep up with, so you’ll want to decide if simplicity or maximum rewards is best for you.

It’s also notable that these cards have similar welcome bonuses. With the Bank of America option, cardholders can earn a $200 online cash rewards bonus once making at least $1,000 in purchases in the first 90 days of opening an account.

Is the CardName a good card?

The CardName is an excellent card for straight cash rewards as it’s one of very few on the market to offer 2% cash rewards on your eligible purchases. Additionally, multiple redemption options allow you to take advantage in a way that best suits your lifestyle and budget even if cash rewards isn’t your goal in a given month or season.

Frequently asked questions

The CardName charges RegAPR on revolving balances.
Yes, the CardName charges a foreign_fee fee on all foreign transactions.
No, to apply for the CardName, you do not need a Wells Fargo checking account. The CardName is a credit card offered by Wells Fargo, and you can apply for it separately from any banking products they offer.

Our Methodology

Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to “How likely are you to recommend this card to a friend, coworker or family member?” was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.


This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.


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