The Wells Fargo 2 percent cash back card is easy to use. It gives you cash back on all your purchases. You don’t have to track spending or activate bonuses.
This card offers 2% cash back on all purchases. There’s no limit to how much cash back you can earn. Plus, new cardholders get a $200 bonus for spending $500 in the first 3 months.
It also has a 0% introductory APR for 12 months. This is great for big purchases or paying off debt.
Key Takeaways
- Earn 2% unlimited cash back on all purchases with no spending categories to track
- Enjoy a $200 welcome bonus for spending $500 on purchases within 3 months
- Benefit from a 0% introductory APR on purchases and balance transfers for the first 12 months
- Receive up to $600 in cell phone protection and auto rental collision damage waiver coverage
- Redeem rewards for cash, statement credits, gift cards, or use them for purchases and payments
Unbeatable 2% Cash Rewards on All Purchases
The Wells Fargo 2 percent cash back card is a top choice. It offers 2% cash rewards on all purchases. This means cardholders get 2% cash back on every eligible transaction.
There are no complex spending categories or quarterly bonuses to activate. This straightforward rewards structure makes it easy to earn cash back. You can get the most cash back on a wide range of everyday purchases.
Earn Unlimited 2% Cash Back without Categories
This card is different from others because it offers 2% cash back on all purchases. You can earn this unlimited cash back on many transactions. This includes purchases that might not get bonus rewards with other cards.
Simple and Straightforward Rewards Structure
The rewards structure of the Wells Fargo 2 percent cash back card is easy to understand. You don’t have to remember rotating categories or activate special offers. This makes it simple to earn the maximum 2% cash back.
Cardholders can just make purchases and watch their cash back grow. There’s no hassle in earning rewards.
| Feature | Wells Fargo 2% Card | Competitor Card |
|---|---|---|
| Cash Back Rate | 2% on all purchases | 1.5% on all purchases |
| Spending Categories | None, flat 2% rate | Rotating categories, activation required |
| Rewards Structure | Simple and straightforward | Complex with tiers and bonuses |
Generous $200 Welcome Bonus Offer
When you open a new Wells Fargo 2 percent cash back card, you get a big $200 cash rewards bonus. You must spend at least $500 on purchases in the first 3 months. This welcome bonus is rare among $0 annual fee cash back credit cards.
This makes the Wells Fargo 2 percent cash back card very appealing. It’s perfect for those wanting a big sign-up bonus.
The $200 cash rewards bonus from the Wells Fargo card is much better than the Citi Double Cash Card’s $200 welcome bonus. The Citi card needs $1,500 in purchases in the first 6 months. The Upgrade Cash Rewards Elite Visa offers a $200 welcome bonus for opening a Rewards Checking Plus account and making 3 debit card transactions.
The Ally Unlimited Cash Back card and the Alliant Cashback Visa Signature Card don’t have any new account incentives or credit card bonuses. The Apple Card has a unique cashback structure but no sign-up bonus.
The $200 cash rewards bonus on the Wells Fargo 2 percent cash back card is a big deal. It gives new cardholders a big financial boost. This makes it a top choice among cash back credit cards.
Introductory APR for Purchases and Balance Transfers
The Wells Fargo 2 percent cash back card has great introductory APR deals for new users. For the first 12 months, you get a 0% intro APR on both purchases and qualifying balance transfers. This lets you buy big things or pay off old debts without extra interest.
0% Intro APR on Purchases for 12 Months
New cardholders of the Wells Fargo 2 percent cash back card get a 0% intro APR on purchases for 12 months. This is great for big buys or investments. You won’t pay interest during this time.
0% Intro APR on Balance Transfers for 12 Months
The card also has a 0% intro APR on balance transfers for 12 months. This helps pay off high-interest debts. It’s a big help for debt consolidation.
After 12 months, the APR changes. It will be between 19.74% and 29.74%, based on your credit. This lets the card work for many people, for purchase financing and balance transfer needs.
“The 0% intro APR on purchases and balance transfers is a game-changer for anyone looking to finance a big-ticket item or consolidate existing high-interest debt.”
Wells Fargo 2 percent cash back card Benefits and Perks
The Wells Fargo 2 percent cash back card offers more than just cash back. It also has benefits that can help your money go further. Let’s look at some of the key perks you get with this card.
Cellular Telephone Protection up to $600
This card has a cool feature: cellular telephone protection. If you pay your cell phone bill with this card, you get up to $600 in coverage. There’s a $25 deductible, though. This can help if your phone gets damaged or stolen.
Auto Rental Collision Damage Waiver
The card also has a auto rental collision damage waiver. Paying with this card for your rental car means you’re covered for damage or theft. You won’t need to buy expensive insurance from the rental company. This can save you a lot of money when you rent a car.
With these benefits, the 2% cash back, and the special APR offers, this card is a great choice. It helps you earn more rewards and protects your money.
Flexible Redemption Options for Cash Rewards
The Wells Fargo 2 percent cash back card lets you choose how to use your rewards. You can get a statement credit, deposit into a Wells Fargo account, or buy gift cards. This card gives you the freedom to pick the best way to use your rewards.
You can also use your rewards to buy things through PayPal. This makes it easy to use your rewards in your daily life. Plus, you can cash out rewards starting at just $1. This means you can get your cash back redemption whenever you want.
| Redemption Option | Redemption Value |
|---|---|
| Statement Credit | 1 cent per cash reward |
| Bank Account Deposit | 1 cent per cash reward |
| Gift Cards | 1 cent per cash reward |
| PayPal Purchases | 1 cent per cash reward |
With the Wells Fargo 2 percent cash back card, you can redeem your rewards in a way that fits your life. Whether you’re saving for the future or treating yourself, this card lets you make the most of your cash back redemption.
Comparison to Competing Cash Back Credit Cards
The Wells Fargo Active Cash® Card is a top choice among cash back credit cards. It offers 2% cash back on all purchases. This is the same as or better than cards like the Citi Double Cash® and Fidelity Rewards Visa Signature® Card.
This card also gives a big $200 welcome bonus. This is rare for a card that gives 2% cash back on everything. The Citi Double Cash® Card also offers a $200 bonus, but you need to spend $1,500 in 6 months. The Wells Fargo card only requires $500 in 3 months.
| Feature | Wells Fargo Active Cash® Card | Citi Double Cash® Card |
|---|---|---|
| Annual Fee | $0 | $0 |
| Welcome Bonus | $200 cash rewards bonus after spending $500 in the first 3 months | $200 cash back after spending $1,500 on purchases in the first 6 months |
| Cash Back Rewards | 2% cash back on all purchases | 2% cash back (1% when you buy, 1% when you pay) |
| Intro APR on Purchases | 0% for 12 months | N/A |
| Intro APR on Balance Transfers | 0% for 12 months | 0% for 18 months |
| Cell Phone Protection | Yes | No |
In summary, the Wells Fargo Active Cash® Card is great. It has a simple 2% cash back, a big welcome bonus, and cell phone protection. It’s a top pick among cash back credit cards.
Conclusion
The Wells Fargo 2 percent cash back card is a top pick for those wanting a simple and rewarding card. It offers 2% cash back on all purchases. Plus, it has great introductory APRs and many benefits.
This card is great for everyday spending, big purchases, or paying off debt. It’s a smart choice for your financial plan.
This card is easy to use and flexible. You get cash back on all purchases without any limits. It’s perfect for those who like simple rewards.
The card also has a 0% APR for new purchases and balance transfers. This is great for financing big buys or paying off high-interest debt.
In choosing a credit card, the Wells Fargo 2 percent cash back card is a standout. It has great reviews and ratings. It offers a mix of earning potential, flexibility, and perks.
Adding this card to your wallet is a smart move. It’s a reliable and rewarding choice for your finances.
Frequently Asked Questions
Kuldeep Nirgude is a computer science student with a strong interest in finance and marketing. With a focus on analyzing industry trends, he writes articles that simplify complex concepts and empower readers to make informed decisions. Kuldeep is dedicated to bridging the gap between technology and business, and is committed to staying updated on the latest innovations shaping the economy.