Wells Fargo Active Cash Application Guide: Approval Odds & Tips
The Wells Fargo Active Cash from Wells Fargo is one of the most competitive credit cards in the cash back cards category. With a rating of 8/10, it offers no annual fee and impressive rewards including 2% unlimited cash back.
In this comprehensive review, we break down everything you need to know about the Wells Fargo Active Cash: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Wells Fargo Active Cash Overview
The Wells Fargo Active Cash is issued by Wells Fargo and is designed for consumers with Good-Excellent (670+). It carries a rating of 8/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Wells Fargo |
| Annual Fee | $0 |
| Intro APR | 0% for 15 months |
| Regular APR | 19.24% - 29.24% Variable |
| Rewards | 2% unlimited cash back |
| Welcome Bonus | $200 cash rewards after $1,000 in first 3 months |
| Credit Score | Good-Excellent (670+) |
| Foreign Tx Fee | 3% |
Rewards & Benefits Breakdown
The Wells Fargo Active Cash earns 2% unlimited cash back. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 2% unlimited cash back |
| Welcome Bonus | $200 cash rewards after $1,000 in first 3 months |
| Intro APR | 0% for 15 months |
| Credit Score | Good-Excellent (670+) |
Since this card has no annual fee, you can keep it forever without cost. Use it for everyday purchases to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 19.24% - 29.24% Variable |
| Balance Transfer APR | 0% for 15 months then 19.24% - 29.24% Variable |
| Foreign Transaction Fee | 3% |
Wells Fargo Active Cash vs Competitors
See how Wells Fargo Active Cash stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Citi Double Cash | $0 | 2% (1% when you buy + 1% when you pay) | $200 cash back after $1,500 in purcha... | 9/10 |
| SoFi Credit Card | $0 | 2% unlimited (redeem into SoFi accounts) | $200 after $1,000 in first 3 months | 7/10 |
| Chase Freedom Unlimited | $0 | 1.5% unlimited cash back | $200 bonus after $500 in first 3 mont... | 9/10 |
| Venmo Credit Card | $0 | 3% top spend category, 2% next, 1% rest | N/A | 7/10 |
| Chase Freedom Flex | $0 | 5% rotating categories (up to $1,500/quarter) | $200 bonus after $500 spend + 5% on g... | 8/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 2% unlimited cash back
- Welcome bonus: $200 cash rewards after $1,000 in first 3 months
- No annual fee
- Generous intro APR: 0% for 15 months
- Issued by reputable Wells Fargo
❌ Cons
- Foreign transaction fee of 3%
- Higher than average APR
The Wells Fargo Active Cash is best for consumers who want a simple, no-fee card with solid rewards. If you have Good-Excellent (670+) credit and spend $1560/month on average, this card could earn you significant value.
How to Apply for Wells Fargo Active Cash
Applying for the Wells Fargo Active Cash is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Good-Excellent (670+) for the best approval odds.
- 2
Compare Your Options
Compare the Wells Fargo Active Cash with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Wells Fargo.com or the Wells Fargo mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Good-Excellent (670+) credit to be approved for the Wells Fargo Active Cash. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely. Plus, the welcome bonus alone covers the first year's value.
The purchase APR is 19.24% - 29.24% Variable. There is an introductory APR of 0% for 15 months.
Yes, there is a 3% foreign transaction fee.
Rewards can be redeemed through your Wells Fargo online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Wells Fargo Active Cash is a solid choice in the cash back cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Good-Excellent (670+) credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Wells Fargo Active Cash earns 2% unlimited cash back. With a rating of 8/10, it is one of the better options in the cash back cards space. Recommended for consumers with Good-Excellent (670+) credit.