The Wells Fargo 2 Cash Back Card offers unlimited 2% cash rewards on all purchases. It’s designed for those who want a simple rewards program. We’ll look at its features, benefits, and drawbacks to see if it’s right for you.
Key Takeaways
- Earn unlimited 2% cash back on all purchases with the Wells Fargo 2 Cash Back Card
- Enjoy a $200 cash rewards bonus after spending $500 on purchases in the first 3 months
- No annual fee makes this card a low-cost option for cash back rewards
- Variable APR ranges from 19.74% to 29.74%, which may be high for some consumers
- Cellphone protection and Visa Signature perks provide additional benefits for cardholders
Overview of the Wells Fargo Active Cash Card
Key Features and Benefits
The Wells Fargo Active Cash Card is a top cash back credit card. It gives you 2% cash rewards on all purchases. You also get a $200 bonus after spending $500 in the first 3 months.
It has a 0% intro APR on purchases and balance transfers for 12 months. Plus, there’s no annual fee. You also get cellphone protection and Visa Signature perks.
This card is easy to use because it doesn’t have spending limits or bonus categories. It’s the Best Credit Card for Simple Cash Back by NerdWallet in 2022, 2023, and 2024. It’s also praised by The Ascent, Bankrate, and WSJ Buy Side.
You can use your 2% cash rewards in many ways. You can offset purchases, credit a Wells Fargo account, or get gift cards. You can even pay with rewards through PayPal.
The card also offers great benefits. You get up to $600 of cellphone protection and auto rental collision damage waiver. There’s also travel emergency assistance and roadside dispatch.
It even offers emergency cash disbursement. You get access to Visa Signature® Concierge service and Luxury Hotel Collection.
The Wells Fargo Active Cash Card has a $0 annual fee. It also has a 0% intro APR on purchases and balance transfers for 12 months. And, it offers 2% cash back on all purchases.
Earning and Redeeming Cash Rewards
The Wells Fargo Active Cash Card gives you 2% cash back on all purchases. This means you get cash back on everything you buy. It’s easy because you don’t have to track special categories or spending limits.
You can get your cash back in many ways. You can get it as a statement credit, direct deposit, cash at ATMs, or for gift cards and travel. This lets you pick the best way to use your rewards.
This card is special because it has no annual fees and a 0% APR for the first year. It offers great cash back, flexible ways to use it, and saves you money. It’s a great choice for those who want to spend wisely without extra costs.
| Feature | Wells Fargo Active Cash Card | Chase Freedom Unlimited® | Capital One Venture Rewards Credit Card |
|---|---|---|---|
| Cash Back Earning Rate | Unlimited 2% cash back on all purchases | 1.5% cash back on all purchases | 2X miles on all purchases |
| Welcome Bonus | $200 cash rewards bonus after spending $500 in the first 3 months | Up to $300 cash back in the first year on up to $20,000 spent | 75,000 miles once you spend $4,000 on purchases within 3 months, equal to $750 in travel |
| Annual Fee | No annual fee | No annual fee | $95 annual fee |
| Introductory APR | 0% intro APR for 12 months on purchases and qualifying balance transfers | None | None |
The Wells Fargo Active Cash Card is a great choice. It offers easy cash back, flexible ways to use it, and saves you money. It’s perfect for those who want to spend wisely without extra hassle.
Wells Fargo 2 Cash Back Review
The Wells Fargo Active Cash Card is a top choice for earning cash back. It gives 2% cash rewards on all purchases. This makes it easy to earn rewards on daily spending. Let’s look at its key features, benefits, and downsides to see if it’s right for you.
Standout Features and Benefits
- Earn unlimited 2% cash rewards on all purchases – no rotating categories or activation required.
- Receive a $200 cash rewards bonus after spending $500 on purchases within the first 3 months of account opening.
- Enjoy a 0% introductory APR on purchases and qualifying balance transfers for the first 12 months, then a variable APR of 19.74% to 29.74%.
- Cellphone protection coverage of up to $600 per claim with a $25 deductible when you pay your monthly cellphone bill with the card.
- No annual fee, making it a cost-effective option for cash back enthusiasts.
Potential Drawbacks
- The card charges a 3% foreign transaction fee, which can be a drawback for frequent international travelers.
- Compared to some competing cash back cards, the Active Cash Card may offer fewer premium perks and benefits.
- Redemption options are limited to cash, statement credits, gift cards, and limited travel bookings through Wells Fargo Rewards, with no ability to transfer rewards to travel partners.
The Wells Fargo Active Cash Card is great for those wanting a simple cash back card. It doesn’t have travel perks like some cards. But, its easy rewards, no annual fee, and good intro APR make it a top pick for everyday spending.
| Card Feature | Wells Fargo Active Cash Card | Chase Freedom Unlimited® | Capital One Venture Rewards Credit Card |
|---|---|---|---|
| Cash Back Rate | Unlimited 2% on all purchases | 1.5% cash back on all purchases | 2X miles on all purchases |
| Welcome Bonus | $200 after $500 spend in first 3 months | $200 after $500 spend in first 3 months | 100,000 miles after $20,000 spend in first 12 months |
| Intro APR | 0% for 12 months on purchases and balance transfers | 0% for 15 months on purchases and balance transfers | None |
| Annual Fee | $0 | $0 | $95 |
Maximizing the Wells Fargo Active Cash Card
To get the most from the Wells Fargo Active Cash Card, pair it with other cards. These cards offer more rewards in certain spending areas. This way, you can earn more cash back and rewards on everyday purchases.
Pairing Strategies
The Wells Fargo Autograph Card gives 3 points per dollar at restaurants, travel, and more. Use the Active Cash Card for other purchases to earn 2% cash back. This mix lets you get more rewards in key areas and still enjoy the Active Cash Card‘s flat rate.
Pair the Active Cash Card with a Chase Freedom Unlimited® card. The Freedom Unlimited® offers 1.5% cash back on everything in the first year (up to $20,000). This combo can give you more rewards on all your purchases, both in the first year and after.
The Capital One Venture Rewards Credit Card is another good choice. It earns 5X miles on hotel and rental car bookings through Capital One Travel. Plus, it gives 2X miles on other purchases and a 75,000-mile bonus after spending $4,000 in 3 months. This lets you earn more on travel while using the Active Cash Card for daily spending.
By carefully choosing cards to pair with the Wells Fargo Active Cash Card, you can maximize your cash back rewards. You’ll unlock the full potential of this versatile cash back card.
Conclusion
The Wells Fargo Active Cash Card is a top choice for cash back. It offers a simple 2% cash rewards rate on all purchases. You also get a $200 welcome bonus and great introductory APR offers.
This card is easy to use and doesn’t have an annual fee. It’s perfect for those who want to earn rewards without hassle. You get 2% cash back on all purchases, no need to track special categories.
In summary, the Wells Fargo Active Cash is a solid choice for cash back. It’s great for maximizing your spending or just getting cash back easily. Consider adding it to your financial tools.
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.