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The Wells Fargo Active Cash card is a popular choice among those looking for cashback rewards on their purchases. This credit card offers a flat rate of cashback on all purchases, making it easy for cardholders to earn rewards without having to keep track of bonus categories or rotating rewards.
One of the standout features of the Wells Fargo Active Cash card is the 2% cashback rate on all purchases. This means that whether you’re buying groceries or booking a flight, you’ll earn cashback on everything you buy. Additionally, the card offers a welcome bonus of $200 cashback when you spend $1,000 in the first three months of card ownership.
Another benefit of the Wells Fargo Active Cash card is its lack of an annual fee. This means that cardholders can earn cashback rewards without worrying about offsetting an annual fee with their earnings. Additionally, the card offers an introductory APR of 0% for the first 15 months on purchases and balance transfers, making it a great option for those looking to make a large purchase or transfer a balance from another card.
One potential downside to the Wells Fargo Active Cash card is that it doesn’t offer any bonus categories for additional cashback. Some other cashback cards on the market offer bonus categories such as dining, gas, or travel, allowing cardholders to earn additional cashback on purchases in those categories. However, the 2% flat rate on all purchases may be more appealing to some cardholders who don’t want to keep track of category bonuses or who make purchases in a wide variety of categories.
Another potential downside to the Wells Fargo Active Cash card is that it requires excellent credit to be approved. This may make it difficult for some individuals to obtain the card, but it also means that cardholders who are approved are likely to receive favorable interest rates and other benefits.
In terms of redemption options, the Wells Fargo Active Cash card offers a variety of choices. Cardholders can redeem their cashback rewards for statement credits, direct deposits into a Wells Fargo account, or even charitable donations. Additionally, cashback rewards never expire, so cardholders can accumulate them over time and redeem them whenever they choose.
Overall, the Wells Fargo Active Cash card is a solid choice for those looking for a simple, no-frills cashback card. With a flat rate of 2% cashback on all purchases, no annual fee, and a welcome bonus of $200 cashback, it’s a great option for those who don’t want to keep track of bonus categories or spend limits. Additionally, the card’s lack of foreign transaction fees and 0% introductory APR make it a great choice for international travel or large purchases.