Wells Fargo 2 Cash Back Credit Card

   

Wells Fargo 2 Cash Back Credit Card – The level of ratings is determined by our editorial team. The scoring formula takes into account the type of card reviewed (such as cash back, travel, or balance transfer) as well as the card’s rates, fees, rewards, and other features.

For a flat-rate cash back card, 2% back is unbeatable, especially when the card is one of the few in its class that offers bonuses to new card members.

Wells Fargo 2 Cash Back Credit Card

0% introductory APR on purchases for 15 months from account opening and 0% introductory APR on eligible balance transfers for 15 months from account opening

Wells Fargo Banking And Credit Cards

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Most cash back credit cards don’t offer 2% back on all purchases; so when a card joins the club, it’s cause for celebration. The $0 annual fee Wells Fargo Active Cash® Card will launch in summer 2021 with a variety of benefits: unlimited 2% cash back on all purchases, a sign-up bonus, and interest-free promotional transfers on new purchases and balances.

All in all, this is a value proposition that’s difficult to impossible to find on other cards in this category. This makes the Wells Fargo Active Cash® Card an ideal choice for those who appreciate the convenience of using a single card when making purchases.

It’s true that other cards offer higher rewards rates on certain popular spending categories, such as grocery stores and restaurants. So if you’re a one-card guy, you’re missing out on more chances to win.

Wells Fargo Customer With $5 In Account Slams Automatic Transfer

But if you’re willing to manage multiple cards at once, the Wells Fargo Active Cash® card pairs well with a variety of other cards.

Sign-up bonus: Get a $200 cash bonus when you spend $500 or more in the first 3 months.

Payment options: Statement letter of credit, debit card withdrawal from a Wells Fargo ATM in $20 increments, direct deposit to a Wells Fargo checking or savings account, or paper check by mail.

Interest Rate: 0% initial APR on eligible balance transfer purchases within 15 months of opening, 0% initial APR on balance transfers within 15 months, then 20.24%, 25.24% or 29.99% APR variable annual interest rate.

Wells Fargo Launches No Annual Fee Active Cash Card

Balance Transfer Fees: Balance transfer requests must be made within 120 days of account opening to qualify for the introductory APR. Balance transfer fee: $5 or 3% (whichever is greater) per balance transfer within 120 days of account opening. Different fees will apply after that; a maximum of 5% per balance transfer and a minimum of $5.

Quite a few flat-rate cards earn 1.5% cash back, so for a card to stand out, it needs to stand out from the rest. While the list of cards that earn 2% cash back continues to grow, the Wells Fargo Active Cash® Card’s sign-up bonus makes a difference: a $200 cash rewards bonus after you spend $500 in purchases within the first 3 months. Depending on your spending, a 1.5% card is generally worth more than a 2% card if you earn a sign-up bonus, while most other cards that earn 2% give up the bonus entirely. The Wells Fargo Active Cash® Card is leading the way.

Annual fees may be the cost of getting higher-tier rewards cards, but they reduce the annual value of those cards. The $0 annual fee makes this card easy to keep for the long term.

The Wells Fargo Active Cash® Card keeps you interest-free for a long time, which is helpful if you use the card to make large purchases that you expect to pay off over time, or if you want to get out of a large amount of debt. Interest Card. 0% introductory APR on purchases for 15 months from account opening and 0% introductory APR on balance transfers for 15 months from account opening, then 20.24%, 25.24% or 29.99% available Variable APR The most you pay is annual interest rate.

Best Credit Cards In November 2023

The convenience of claiming cash rewards at an ATM or having them deposited directly into your bank account is exclusive to Wells Fargo customers. If you have a Wells Fargo ATM or debit card, you can withdraw your cash back rewards from Wells Fargo ATMs in $20 increments. If you have a checking or savings account with Wells Fargo, you can deposit your rewards there. Overall, these are reasonable payment options, but you’ll get the most flexibility if you bank with Wells Fargo. For more flexible options, check out our list of the best award-winning credit cards here.

If you don’t mind a card with a more complex, tiered rewards program, you’ll find that various cash back cards offer higher rewards rates on certain spending categories. Typically, these cards earn 1% cash back. So by pairing them with the Wells Fargo Active Cash® Card, you can earn 2% back on “everything else” purchases like medical bills and car repairs. The Capital One SavorOne Cash Rewards Credit Card has a $0 annual fee and earns 3% cash back on dining, entertainment, qualifying streaming services and grocery stores. It also offers a sign-up bonus: you can get a one-time $200 cash bonus when you spend $500 within 3 months of account opening.

The Wells Fargo Active Cash® Card offers an extended period to pay off new purchases or balance transfers; but if your priority is minimizing interest payments on transferred balances for as long as possible, there are more generous options. The Citi Double Cash® Card with a $0 annual fee offers longer terms: 0% introductory APR on balance transfers for 18 months, followed by a variable APR of 19.24% – 29.24% APR thereafter. The Citi Double Cash® Card, meanwhile, also earns 2% cash back on all purchases (1% back on purchases and 1% back on payments), but typically doesn’t offer a sign-up bonus.

The Wells Fargo Active Cash® Card is widely accepted worldwide because it operates on the Visa payment network. However, the card charges a foreign transaction fee, and additional fees are added each time you use the card for overseas travel. If you travel frequently, a travel rewards card that charges no foreign transaction fees can earn you valuable points and miles that can be used to apply for discounted travel in the future. The Capital One Venture Rewards credit card has a $95 annual fee, but it earns 2 miles per $1 spent and offers a sign-up bonus. Use your miles to pay for a variety of travel expenses.

Chase, Wells Fargo: The Best Credit Cards For Getting Cash Back

The card has a $0 annual fee and earns 2% cash back on all purchases (1% on purchase, 1% on payment). Offering an introductory 0% APR on balance transfers for 18 months, followed by an ongoing variable APR of 19.24% – 29.24%.

The Wells Fargo Active Cash® Card is the best choice among fixed-rate credit cards. Its generous and simple bonus rates mean it’s ideal as a single-card solution or as part of a multi-card system, and it often comes with incentives not found on other 2% back cards. In short, it’s hard to beat.

It examines credit cards by considering their quantitative and qualitative characteristics. Quantitative characteristics; characteristics broken down into dollars and cents, such as wages, interest rates, incentives (including yield and redemption value), and the cash value of benefits and bonuses. Qualitative factors are factors that influence how easy it is for a typical cardholder to get good value from their card. These factors include the ease of use of the app, the simplicity of the rewards structure, the likelihood of using certain features, and whether the card is suitable for daily use or best saved for specific purchases. Our star ratings serve as a general indicator of how each card compares to other cards in its category; however, star rating is only one factor to consider when choosing a consumer credit card. Find out how you rate credit cards.

You can apply online through the Wells Fargo app, major credit card websites, by mail, or at a Wells Fargo branch.

Is It Worth It To Pc From Wells Fargo Cash Back Visa Signature To Wells Fargo Active Cash Visa?

Wells Fargo issues a variety of different credit cards to meet the needs of different consumers. The best card for you may depend on your needs and your personal financial situation.

Yes. Wells Fargo offers cash back cards, such as the Wells Fargo Active Cash Card, as well as other cards, including a travel rewards card.

Cash back cards earn rewards on every purchase you make. You can redeem these rewards for money, usually in the form of a statement credit, bank account deposit, or paper check in the mail.

Cash back cards are an easy way to save money on every purchase. Some even offer valuable sign-up bonuses. You can opt for a travel rewards card, especially if you travel internationally frequently. Or, if you have credit card debt, a balance transfer card can help you save on interest while paying off your balance. A white circle with a black border surrounding an upward chevron. It says “Click here to return to top of page”.

Unique Wells Fargo Credit Card Benefits

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