Wells Fargo Active Cash Card: When it comes to credit card rewards, the most popular and profitable options are those that offer flexible redemption options, such as transfers to airline and hotel partners or added value when redeeming for travel. While the Wells Fargo Rewards program may lack the benefits offered by some of its counterparts, it does offer a consistent and reliable return to eligible Wells Fargo credit card holders.
If you want to learn how to earn Wells Fargo rewards and redeem them wisely, this article is for you. In it, we’ll tell you how to earn Wells Fargo rewards and what your best (and worst) redemption options are. Whether you’re a travel enthusiast or just interested in cash back, here’s help to make the right choice for your needs. So let’s dive deep into the Wells Fargo Rewards program to learn its benefits and limitations and make the most of your rewards.
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Wells Fargo Active Cash Card Benefits
- Cellular Telephone Protection: Protection up to $600; subject to a $25 deductible.
- Auto Rental Collision Damage Waiver: Reimbursement for covered damage or theft for rental cars.
- Travel Emergency Assistance Services: Emergency assistance anywhere in the world.
- Roadside Dispatch: 24/7 tow service, no subscription required.
- Emergency Cash Disbursement and Card Replacement: Emergency cash advance or card replacement in 1-3 business days.
- My Wells Fargo Deals: Earn cash back as account credits on personal deals.
- Zero Liability Protection: Not responsible for unauthorized transactions unless reported promptly.
- Credit Close-UpService Mark℠: Monthly FICO® score updates and personalized credit information, free of charge.
- 2% Cash Back: You get 2% cash back on every purchase, allowing you to save on your spending amount.
- No Annual Fee: This card has no annual fee, so you don’t have to worry about paying an annual fee.
- Cash Advance: You can withdraw cash from your card and it is convenient for you.
- Foreign Transaction Fee: There is a 3% fee on transactions abroad, so it is important to keep this in mind before traveling abroad.
- Wells Fargo Online® and Phone Banking: This card also comes with online and phone banking, allowing you to keep your account stable.
Wells Fargo Active Cash Card
Earn a $200 cash rewards bonus when you spend $500 in purchases in the first 3 months
Wells Fargo Active Cash Card Annual Fee
If you are thinking about the Wells Fargo Active Cash Card, there is good news! This card has no annual fee. Yes, you heard it right – you can use this card without any annual fee. This means you can enjoy all its benefits, such as 2% cash back on every purchase, and that too without any additional cost.
So, whether you use it for everyday purchases or for big expenses, you don’t have to worry about paying extra money every year. That’s what makes it even more attractive!
Wells Fargo Active Cash Card Interest Rate
With the Wells Fargo Active Cash Card, you should know that an annual percentage rate (APR) applies to it. This interest rate can be 20.24%, 25.24%, or 29.99% depending on your creditworthiness.
That is, if you are unable to pay your bill in full every month, you will be charged this interest rate. So, always try to pay your bill in full on time to avoid interest charges.
If you use it smartly, the benefits of this card, such as 2% cash back, can outweigh the interest rate. But if you are unable to pay on time, it is important to keep this interest rate in mind to avoid unnecessary expenses.
Wells Fargo Active Cash Card Charges
- Interest Rate (APR): As mentioned earlier, this can be 20.24%, 25.24%, or 29.99% depending on your creditworthiness.
- Foreign Transaction Fee: You will be charged 3% of the transaction amount if you use this card abroad.
- Cash Advance Fee: If you withdraw cash from your card, you will be charged a fee of $10 or 5% of the withdrawn amount, whichever is higher.
- Late Payment Fee: If you don’t pay your bill on time, you may have to pay a fee of up to $40.
- Over-the-Credit Limit Fee: There is no over-the-credit limit fee on this card, meaning if you spend more than your credit limit, there will be no additional fee.
- Return Payment Fee: If your payment is returned, you may have to pay a fee of up to $40.
It is important to understand and keep these fees in mind so that you can avoid unnecessary expenses and use your card wisely.
Wells Fargo Active Cash Card Foreign Transaction Fee
If you’re planning to use the Wells Fargo Active Cash Card abroad, keep one thing in mind: There is a 3% fee on foreign transactions with this card.
This means that every time you make a purchase abroad or make a transaction in a foreign currency, you’ll have to pay an additional 3% of that transaction amount.
For example, if you spend $100 at a foreign store, you’ll have to pay an additional $3 fee, bringing your total cost to $103.
So, if you frequently travel abroad or make foreign purchases, it’s important to keep this fee in mind and factor it into your plan.
Wells Fargo Active Cash Card Limit
It is very important to know about the Wells Fargo Active Cash Card credit line. The credit line of this card is determined based on your credit worthiness. The line can start from $1,000 and can be increased depending on your financial situation and other factors.
Usually, your credit line is determined based on your credit score, income, and other financial details. Hence, it is advisable to understand your card limit and manage it according to your personal financial plans.
Keep in mind that utilizing your card limit to the maximum can also have an impact on your credit score and affect business decisions.
FAQs
Is Wells Fargo Active Cash card hard to get?
The Wells Fargo Active Cash card isn’t hard to get, but it does depend on your credit situation. If you have good credit, you shouldn’t have any trouble getting one.
How does the Wells Fargo Active Cash card work?
How does the Wells Fargo Active Cash Card work? This card offers you 2% cash back on every purchase and establishment benefits for specific spends.
Can Wells Fargo Active Cash card be used internationally?
Yes, the Wells Fargo Active Cash Card can be used for international travel, but there is an additional 3% fee on foreign transactions.
What is the credit limit on the Wells Fargo Active Cash credit card?
The credit line on the Wells Fargo Active Cash Credit Card depends on your credit worthiness. Typically, the line can start at $1,000.
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