Most of us wouldn't say no to an extra $200 cash rewards. With the Wells Fargo Active Cash® Card (see rates and fees), you can earn that as a welcome bonus in your first three months as a cardholder (terms apply).
This is one of the top cash rewards cards, so it's worth checking out if you've been looking for a way to add to your savings or investments. Here are all the details on its welcome bonus, its cash rewards rate, and how much you could earn with it.
Ratings Methodology
Wells Fargo Active Cash® Card
Rating image, 5.00 out of 5 stars.
5.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 5.00 out of 5 stars.
5.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit ScoreFalling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good/Excellent (670-850)
Intro APR0% intro APR for 15 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 15 months from account opening
Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers
Regular APR
20.24%, 25.24%, or 29.99% Variable APR
RewardsEarn unlimited 2% cash rewards on purchases.
2% cash rewards
Annual FeeN/A
$0
Welcome OfferEarn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
$200 cash rewards
This card’s unlimited 2% cash rewards on purchases is the highest we’ve seen for a flat-rate rewards card with no annual fee. It also has an incredibly easy-to-earn $200 welcome bonus and a generous intro APR offer. We simply haven’t come across this combination of top perks in one card before.Read Full Review
- Unlimited 2% cash rewards
- Long 0% intro APR offer
- Generous cash rewards welcome bonus
- No annual fee
- Cellphone protections
- Card perks
- Free FICO® Score updates
- No bonus categories
- Foreign transaction fees
- Balance transfer fee
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Here's how much the Wells Fargo Active Cash Card earns
When you open the Wells Fargo Active Cash® Card, you can earn a $200 cash rewards welcome bonus for spending $500 in the first three months. It's one of the more valuable welcome offers, especially considering this card has a $0 annual fee.
It's also one of the easiest welcome offers to earn. You only need to spend $500 in three months, which breaks down to about $170 per month.
As great as the welcome offer is, this Wells Fargo card has another feature that's even more valuable: unlimited 2% cash rewards on all purchases. That rate applies no matter where you use your card.
So, for every $10,000 in purchases you make on your card, you earn $200 cash rewards. If you spend $30,000 per year, that's $600 in cash rewards. If you put $50,000 in purchases on your card, you'd earn a whopping $1,000 in cash rewards. And you'd also have that extra $200 cash rewards from the welcome bonus.
How can you use cash rewards?
You may be wondering how cash rewards work and if they're really as good as cash. The answer is yes. Wells Fargo gives you several ways to redeem the cash rewards you've earned on this card. Here are your options:
- Redeem for purchases you've made on your credit card. For example, if you made a $20 purchase, you could offset it with $20 in cash rewards. You can use this option with as little as $1 in cash rewards.
- Redeem as a credit toward an eligible Wells Fargo account. Options include an eligible Wells Fargo credit card, checking account, or mortgage.
- Redeem at an ATM. If you have a Wells Fargo ATM or debit card, you can take out cash rewards in $20 increments.
- Redeem for gift cards. Sometimes Wells Fargo has discounted gift cards available, so your cash rewards could be worth even more.
- Pay with cash rewards on PayPal. You can put your cash rewards toward purchases when you checkout with PayPal online.
The easiest option is usually to put your cash rewards toward purchases you've made on your credit card. By lowering your credit card bill this way, you'll save some money when you make your payment.
Pro tip: Consider banking whatever money you save. If you lower your credit card bill by $50 with cash rewards, transfer $50 to a high-yield savings account to build your savings. Or send $50 to retirement accounts and invest it. It may not seem like a lot, but over time, it adds up.
Ratings Methodology
Wells Fargo Active Cash® Card
Rating image, 5.00 out of 5 stars.
5.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 5.00 out of 5 stars.
5.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit ScoreFalling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good/Excellent (670-850)
Intro APR0% intro APR for 15 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 15 months from account opening
Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers
Regular APR
20.24%, 25.24%, or 29.99% Variable APR
RewardsEarn unlimited 2% cash rewards on purchases.
2% cash rewards
Annual FeeN/A
$0
Welcome OfferEarn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
$200 cash rewards
This card’s unlimited 2% cash rewards on purchases is the highest we’ve seen for a flat-rate rewards card with no annual fee. It also has an incredibly easy-to-earn $200 welcome bonus and a generous intro APR offer. We simply haven’t come across this combination of top perks in one card before.Read Full Review
- Unlimited 2% cash rewards
- Long 0% intro APR offer
- Generous cash rewards welcome bonus
- No annual fee
- Cellphone protections
- Card perks
- Free FICO® Score updates
- No bonus categories
- Foreign transaction fees
- Balance transfer fee
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
A great welcome bonus -- and much more
The Wells Fargo Active Cash® Card has just about everything you need in a rewards card. The welcome bonus and the 2% unlimited cash rewards give it some serious earning potential.
It's recommended that applicants for this card have good credit, meaning a credit score of 670 or higher. If your credit score is in that range, and you've been looking for a cash rewards card, consider applying. The sooner you open the account, the sooner you can start earning rewards.
Alert: our top-rated cash back card now has 0% intro APR until 2025
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.
