The Wells Fargo Active Cash® Credit Card is a top contender in the world of cash back credit cards, offering a straightforward and highly rewarding cash back program. With unlimited 2% cash back on every purchase and no annual fee, this card is designed for consumers who want to maximize their rewards without the hassle of tracking rotating categories or spending limits. In this guide, we will explore the key features, benefits, and the application process for the Wells Fargo Active Cash® Credit Card.
Key Benefits of the Wells Fargo Active Cash® Credit Card
1. Unlimited 2% Cash Back
The hallmark feature of the Wells Fargo Active Cash® Credit Card is its unlimited 2% cash back on every purchase. Unlike other cards that offer higher cash back rates in specific categories, this card provides a flat 2% on all spending, making it ideal for those who prefer simplicity and consistency in their rewards.
2. Welcome Bonus
New cardholders can take advantage of a generous welcome bonus. Currently, the offer includes earning a $200 cash rewards bonus after spending $1,000 in purchases within the first three months. This bonus provides an immediate boost to your cash back earnings and is easy to achieve with regular spending.
3. Introductory APR Offer
The Wells Fargo Active Cash® Credit Card offers an introductory 0% APR on purchases and qualifying balance transfers for the first 15 months. After the introductory period, a variable APR will apply. This feature is particularly beneficial for those looking to finance large purchases or consolidate existing debt.
4. No Annual Fee
One of the most attractive aspects of the Wells Fargo Active Cash® Credit Card is that it comes with no annual fee. This allows cardholders to maximize their cash back earnings without the burden of an additional yearly cost.
5. Cell Phone Protection
The Wells Fargo Active Cash® Credit Card includes up to $600 in cell phone protection against damage or theft when you pay your monthly cell phone bill with the card. This benefit comes with a $25 deductible per claim and can be a valuable perk for those who rely heavily on their smartphones.
6. Additional Benefits and Protections
The Wells Fargo Active Cash® Credit Card comes with several other benefits and protections that enhance its value:
- Zero Liability Protection: Cardholders are not held responsible for unauthorized transactions if their card is lost or stolen.
- 24/7 Fraud Monitoring: Continuous monitoring for suspicious activity on your account.
- Travel and Emergency Assistance Services: Access to emergency assistance services when traveling.
- Auto Rental Collision Damage Waiver: Provides secondary coverage for collision damage and theft when you use your card to rent a car.
How to Redeem Cash Back
Redeeming cash back with the Wells Fargo Active Cash® Credit Card is simple and flexible:
- Statement Credits: Apply your cash rewards directly to your credit card balance.
- Direct Deposit: Transfer your cash rewards to a Wells Fargo checking or savings account.
- Gift Cards: Redeem your cash rewards for gift cards from various retailers.
- Travel: Use your rewards to book travel through Wells Fargo’s travel portal.
How to Apply for the Wells Fargo Active Cash® Credit Card
Applying for the Wells Fargo Active Cash® Credit Card is a straightforward process. Here’s a step-by-step guide to help you through the application process.
1. Check Your Credit Score
Before applying, it’s important to check your credit score. The Wells Fargo Active Cash® Credit Card generally requires a good to excellent credit score, typically 670 or above. You can check your credit score for free through various online services like Credit Karma, Experian, or your bank’s online portal.
2. Gather Your Personal and Financial Information
Having your documents and information ready will streamline the application process. You will need:
- Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN): This is required to verify your identity.
- Proof of Income: Include your employment information and your annual income. Documents such as pay stubs or tax returns might be necessary.
- Residential Address: Ensure you have proof of your current address, such as a utility bill or lease agreement.
3. Visit the Wells Fargo Website
The easiest and most convenient way to apply for the Wells Fargo Active Cash® Credit Card is online through the official Wells Fargo website. Follow these steps:
- Go to the Wells Fargo Credit Cards Page: Navigate to the Wells Fargo credit cards section. You can do this by typing “Wells Fargo Active Cash” into your search engine or going directly to the Wells Fargo website and finding the credit cards section.
- Select the Wells Fargo Active Cash® Credit Card: Click on the Wells Fargo Active Cash® Credit Card option to proceed to the application page.
4. Fill Out the Application Form
Once you are on the application page, you will need to complete the form with your personal and financial information. Here’s what you’ll typically need to provide:
- Personal Information: Full name, date of birth, and Social Security Number.
- Contact Information: Email address, phone number, and residential address.
- Financial Information: Employment status, total annual income, and any other relevant financial information.
5. Review and Submit Your Application
After filling out the application form, carefully review all the information you have entered to ensure its accuracy. Any mistakes could delay the processing of your application or lead to a rejection. Once you are confident that all the details are correct, submit your application.
6. Wait for a Decision
After submitting your application, you should receive a response within a few minutes. In some cases, the review process may take a few days. If your application requires further review, you might receive a notification to provide additional information.
7. Receive Your Card
If your application is approved, you will receive your Wells Fargo Active Cash® Credit Card in the mail within 7 to 10 business days. Once you receive your card, you will need to activate it by following the instructions provided.
Maximizing Your Wells Fargo Active Cash® Credit Card
To get the most out of your Wells Fargo Active Cash® Credit Card, consider these tips:
- Use Your Card for Everyday Purchases: Since the card offers 2% cash back on all purchases, using it for your regular expenses will help you accumulate cash back quickly.
- Pay Your Balance in Full Each Month: To avoid interest charges, try to pay your balance in full each month. This will help you maximize the value of your cash back rewards.
- Take Advantage of the Introductory APR Offer: Use the 0% APR period to finance large purchases or consolidate existing debt, but be sure to pay off the balance before the introductory period ends to avoid high interest charges.
- Utilize Cell Phone Protection: Pay your monthly cell phone bill with your card to take advantage of the cell phone protection benefit.
- Monitor Your Credit: Use tools provided by Wells Fargo to monitor your credit score and track any changes. This can help you stay on top of your credit health.
Conclusion
The Wells Fargo Active Cash® Credit Card is an excellent option for those looking to earn consistent cash back on every purchase while enjoying a range of additional benefits. With unlimited 2% cash back, a generous welcome bonus, an introductory APR offer, and no annual fee, this card offers significant value. By following the steps outlined in this guide, you can apply for the Wells Fargo Active Cash® Credit Card and start enjoying its numerous benefits.
