A brand-new credit card has recently swept the market. Wells Fargo Active CashSM is a service provided by Wells Fargo.“Card users might earn $2,415 over the course of five years.”
It gets a perfect five stars from Nerdwallet, who says it’s “hard to beat…
especially when it’s one of the few cards in this category that includes a bonus”
Forbes describes it as “a fantastic option.”
Here’s what’s causing all the excitement:
The highest flat cash back rate is 2%, which is unlimited.
There are no limits or hoops to jump through that I’ve come across.
a cash prize of $200
You can get a $1,000 sign-up bonus if you spend $1,000 in the first three months.
Purchases and qualifying debt transfers are eligible for a 15-month introductory APR of 0%.
There is no annual charge.
This is the only card I’ve encountered that gives a best-in-class unlimited 2% cash rewards rate with no strings attached, and I’d give it a high rating just for that.
This card, however, goes well beyond that.
It also comes with two more enticing features: a large $200 cash rewards sign-up bonus and a 15-month 0% initial APR period.
This combination of outstanding bonuses in one card is something I’ve never seen before.
Note that some credit card companies have been known to reduce a card’s welcome bonus over time.
We don’t know if it will happen in this case.
The following are my top reasons to apply right now:
Cardholders earn an unlimited 2% cash return on transactions, with no categories to activate or earnings restrictions to keep track of.
Other cards with higher cash back rates on particular areas exist, and while they can be worthwhile, they do necessitate more effort.
In addition, they are frequently subject to a maximum and are restricted in what purchases they apply to.
The Wells Fargo Active CashSM Card is ideal for those who want a simple card with high rewards: you’ll get best-in-class flat rewards on your purchases straight now, with no limits or hoops to jump through.
Sign-up bonus of $200 in cash prizes —
For just $1,000 in purchases in the first three months, new Wells Fargo Active CashSM Card members can earn a $200 cash rewards sign-up bonus.
This is not just a very competitive sign-up bonus for a card with no annual fee, but it’s also one of the features that distinguishes this Wells Fargo credit card from other 2% cards.
I haven’t seen any card that offers 2% limitless cash rewards and also has a sign-up bonus.
Introductory 15-month 0% APR deal —
For a full 15 months, new cards can enjoy a 0% intro APR on both new purchases and eligible balance transfers.
Even when compared to cards offered just for a 0% initial APR, this is a fantastic deal.
This means you’ll be able to avoid paying interest on purchases and balance transfers until 2023 with this card!
Keep in mind that to qualify for a lower interest rate and a cheaper balance transfer charge, you must transfer your balance within the first 120 days.
There is no annual charge —
Large incentive rates, in many circumstances, imply high annual payments.
The Wells Fargo Active CashSM Card, which has a $0 annual charge, is an exception.
Mobile phone security —
With the cost of a regular cell phone in the hundreds of dollars, it’s a smart idea to get some form of insurance.
By paying your cell phone bill with your Wells Fargo card, you can obtain up to $600 in built-in cell phone protection.
A $25 deductible applies to coverage.
Credit score recommendation
Applicants with good credit, which typically implies a credit score of 670 or higher, are more likely to be approved for the Wells Fargo Active CashSM Card.
This page can assist you in rebuilding your credit.
If you meet the following criteria, the card might be perfect for you.
For most people, I believe this is one of the greatest cash back cards.
You’ll get a profitable limitless flat cash rewards rate, as well as a sizable, simple-to-earn welcome bonus and a highly competitive 15-month 0% intro APR offer.
Depending on which card you currently have in your wallet, the Wells Fargo Active CashSM Card may be a more lucrative upgrade — especially when compared to debit cards, which have considerably less fraud protections and rarely offer rewards.