A credit card’s primary purpose is to remove the financial barrier between you and your needs, giving you the power to spend now and pay later. Some cards go beyond the ordinary by offering introductory packages and reward-earning opportunities.
The Active Cash credit card from Wells Fargo is one such card. It’s a cashback card that allows you to spend and actively earn rewards on every eligible purchase.
In this article, we go over the features of this card, its introductory offers, how it’ll earn you rewards, and its cons. Then, we advise you to keep reading to learn how to order the Active Cash card.
- Active Cash Card by Wells Fargo – A Summary
- Features of the Active Cash Credit Card
- How Can You Apply for the Active Cash Card by Wells Fargo?
- Active Cash Credit Card Fees and Interest
- More Benefits? Yes!
- Address and Contact – Getting Help With Your Active Cash Card
Active Cash Card by Wells Fargo – A Summary
The Active Cash Card is a contactless cashback credit card by Wells Fargo. It offers customers unlimited cash rewards and a fantastic introductory offer for purchases and balance transfers.
Aside from rewards and intro offers, it also has some Visa Signature travel benefits. And by implementing multiple rewards redemption channels, the Active Cash card makes it easier for cardholders to spend, earn and spend more.
The Active Cash credit card has also won awards, including Nerd Wallet’s 2022 Best Credit Card for Simple Cash Back and Money.Com’s 2021 Best for Flat-Rate Rewards. In 2022, The Ascent gave it three awards for the best cashback card overall, no annual fee, and new launch categories.
About Wells Fargo
Wells Fargo started in 1852 and is one of the oldest commercial banks in the United States. Having survived major world economic events, they’ve been at the forefront of helping individuals and businesses better manage their finances.
The Active Cash Card is one of such instruments they’ve created to assist their customers in their journey to financial freedom. Other cards from Wells Fargo are Autograph, Reflect, Bilt, and Hotels.com.
Features of the Active Cash Credit Card
As an Active Cash cardholder, you and any other additional beneficiaries will earn an unlimited 2% cash back on every $1 of eligible net purchases. So, for example, if you make eligible purchases of up to $1,000 within your first three months, you’ll earn $200 rewards redeemable within one to two billing cycles.
Suppose you’ve got large purchases or need to restructure your credit card debt by transferring balances. With the introductory offer, the Active Cash card allows you to transfer balances and make purchases at an annual rate of 0% for the first 15 months.
In addition to the purchase and balance transfer benefits, the card keeps your information feature secure using voice and two-step verification at online sign-in. And if there’s a break-in or unauthorized purchase, Wells Fargo wouldn’t hold you responsible as long as you promptly report it.
Check Your Credit Score With Credit Close-Up
Credit Close-up is Wells Fargo’s way of assisting you in maintaining a good credit score. It’s an Experian-integrated tool that allows you to easily check your monthly credit score updates for free.
With Credit Close-up, a primary Active Cash cardholder can access their entire credit report and get their personalized score and tips for improving it. They’ll also see their credit score history and how they’ve improved or declined over time.
How Can You Apply for the Active Cash Card by Wells Fargo?
New applicants can apply for the Active Cash credit card without leaving their comfort zone by visiting the card’s page and tapping the “Apply Now” button. It’ll take you straight to the online application form, where you’ll furnish the Wells Fargo team with your information.
The application form contains sections for you to fill in your biodata, like full name, social security number, or tax identification number. You’ll also supply your contact information and a United States residential address.
In the financial section, you’ll specify your housing situation by tapping the drop-down menu and selecting if your residence is personally owned, rented, or you live with your parents or relatives. If it’s neither of these, select the ‘other’ option.
There’s also a section for how much you pay monthly on your mortgage or rent. Then lastly, select from the employment drop-down menu if you’re employed, self-employed, a homemaker, retired, a student, or unemployed with or without income.
Making the Switch From the Wells Fargo Visa Card? Here’s How to Do It
Unlike the requirements from some providers, you don’t need to go through a credit check, change your phone number or submit an entirely new application to switch. Instead, the Wells Fargo process is as easy as signing in to your internet banking account and selecting your current Visa card.
Next, select the Manage Account tab and tap Switch My Credit Card if you use a mobile browser. If using your laptop, tablet, or desktop, go to your card details page, swipe left from the top navigation, and select the Switch My Credit Card option.
Active Cash Credit Card Fees and Interest
Although you don’t pay an annual fee with the Active Cash Card, it’s not entirely charge-free.
Fees and interests associated with this Wells Fargo card are mentioned below.
- Purchases – 0.00% introductory APR for the first 15 months. After that, your APR will be 17.24%, 22.24%, or 27.24%, based on your creditworthiness
- Balance Transfers – 17.24%, 22.24%, or 27.24% after the 0% introductory period of 15 months
- Cash Advances and Overdraft Protection Advances – 28.24%
- Annual fee – none
- Balance transfer – Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5
- Cash advance – either $10 or 5% of the amount of each advance, whichever is greater
- Foreign transactions – 3% of each transaction converted to U.S. dollars
- Late payment – up to $40
Eligibility Criteria
To be considered and get a shot at a successful application for the Active Cash credit card, you’ll need to meet their eligibility requirements when filling out the application form. Firstly, you must be at least 18 years old and a United States resident with government-issued documents to prove both facts.
You must also have a consistent and stable source of income, whether you’re working for it directly or it includes cash gifts. Showing that you have a solid income with also help you get a higher credit limit. And lastly, you must not have opened and received a Wells Fargo credit card six months before your Active Cash Card application.
More Benefits? Yes!
Wells Fargo doesn’t stop at rewards and cashback regarding the Active Cash card benefits. One of the significant pros of using this card is that while you focus on making payments and free balance transfers, you get travel and cellphone benefits too.
The Active Cash credit card is a Visa Signature card, and as such, cardholders stand to benefit from the Visa 24/7 concierge service that assists you with making travel, dining, and entertainment plans. You can also access Visa’s collection of special deals on luxury hotels
In addition to Visa Signature benefits, you stand a chance to receive cellphone protection when you pay your phone bills with your Active Cash card. You’re allowed two paid claims per 12-month period with an upper limit of $600 per claim.
Issues You Might Have With the Card
Every credit card has its primary purpose and selling point. For example, the Active Cash credit card includes cashback rewards and introductory offers.
While that’s laudable, it doesn’t include travel rewards for purchases abroad. So if you aim to get a travel-oriented card, not cashback rewards, and introductory offers, you’re better off with another card.
Address and Contact – Getting Help With Your Active Cash Card
Need help with your credit card? Many people prefer to solve their banking and credit card issues at home, and there are multiple ways to seek help without going to the bank.
The first is by visiting the customer support page, where you might find a self-help solution. The second option would be to call 1-800-642-4720, the credit card account management phone number.
If you’re calling from abroad, call 1-925-825-7600. To check your application status, call 1-800-967-9521, and if your issue is rewards redemption, call 1-877-517-1358.
If face-to-face service is your thing, use the branch locator or go to the head office at 20 Montgomery Street, San Francisco, California. Remember to make an appointment to save time at the bank.
Redeeming Your Credit Card Rewards
As an Active Cash credit card holder, there are straightforward ways to redeem the rewards you earn. You could choose to redeem rewards to repay specific purchases or as a credit to your account to offset credit debt.
Other redemption routes are through ATM cash, gift cards, and Paypal. Either one you choose, ensure it’s entirely beneficial to your financial goal at the time.
Conclusion
Wells Fargo’s Active Cash credit card keeps you focused on simple purchases and provides tools to restructure your finances and make large purchases. Then, when you’ve accrued enough rewards, redeem them through the multiple redemption methods and keep earning while you spend.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions before agreeing to anything.
