Unlimited 2% Cash Rewards Plus a Bonus


Wells Fargo really disrupted the cash back credit card space when they released their Wells Fargo Active Cash® Card. It is hard to compete with what this card has to offer and we have broken down all of the details below.

$200 Cash Rewards Bonus

To start, there is a stellar sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. This means you are getting another 20% back on the first $1,000 you spend.

Unlimited 2% Cash Rewards

The ongoing benefits are where the Wells Fargo Active Cash® Card really stands out. You will earn an unlimited 2% cash rewards on purchases. Other cards that offer higher percentages only do so on certain categories (groceries or gas, for instance) and usually limit how much you can earn in those categories. With the Wells Fargo Active Cash® Card you don’t have to worry about any caps, categories or activating your rewards since you’ll automatically earn 2% on all of your purchases. This 2% rate is tough to beat and makes this no annual fee card a stand out option for anyone with good to excellent credit that is looking for a low-maintenance cash rewards card that will allow you to accumulate cash rewards really quickly. 

Generous Introductory APR

Those seeking a 0% intro APR will be happy to hear that the Wells Fargo Active Cash® Card allows you to pay 0% interest for 15 months from account opening on purchases and qualifying balance transfers. After the introductory rate the 19.49%, 24.49%, or 29.49% variable APR will apply. There is an introductory balance transfer fee (3% for 120 days from account opening, then up to 5%; min: $5) but if you are paying interest on your other card(s) the fee is likely much lower than the interest charges you are accruing each month.

Additional Benefits

Another unique perk offered is cell phone protection. Simply use your Wells Fargo Active Cash® Card to pay your cellular telephone bill and you can get up to $600 of protection on your cell phone (subject to $25 deductible) against covered damage or theft. This will help give you peace of mind that your cell phone is protected while saving you money by not needing to pay out of pocket for the protection through another provider.

Wells Fargo Active Cash® Card

Purchase APR
0% intro APR for 15 months from account opening, then 19.49%, 24.49%, or 29.49% variable APR
Balance Transfer APR
0% intro APR for 15 months from account opening on qualifying balance transfers, then 19.49%, 24.49%, or 29.49% variable APR
Annual Fee
$0
Recommended Credit Score
Excellent/Good
670 – 850*
Cash Rewards
2% Earn unlimited 2% cash rewards on purchases
Welcome Bonus
Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

Other Cash Back Options

We think the Wells Fargo Active Cash® Card is tough to beat but we have rounded up some other options from our partners that may appeal to you as well.

Generous Bonus & A Very Long Intro APR

Bank of America® Travel Rewards credit card

Apply Now
on Bank of America®’s secure site
Recommended Credit Score
Excellent/Good
Show Card Details +

Bank of America® Travel Rewards credit card

If you prefer a $0 annual fee card that will help you earn points towards travel and dining purchases then this card is likely your top option. With the Bank of America® Travel Rewards credit card you will earn a straightforward, unlimited 1.5 points per $1 spent on all purchases. You can also earn a 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening. These bonus points can be redeemed for a $250 statement credit toward travel and dining purchases. Unlike most travel cards this option also offers an incredibly generous intro APR. It offers 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 18.24% – 28.24% Variable APR will apply.

Unlimited 3X Rewards on Restaurants, Travel, Gas & More

Wells Fargo Autograph℠ Card

Apply Now
on Wells Fargo’s secure site
Recommended Credit Score
Excellent/Good
Show Card Details +

Wells Fargo Autograph℠ Card

This $0 annual fee credit card is a top-rated rewards card that offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. There are no caps to worry about and no rewards calendars to keep track of. Plus you will also earn 1X on all of your other purchases. New card members can also earn an impressive 20,000-point welcome bonus after spending $1,000 in the first three months. This bonus has a $200 cash redemption value! In addition to the cash redemption option, you can also redeem your rewards for travel, gift cards, and more. And while there is no intro APR offer for balance transfers it does offer a 0% intro APR for 12 months from account opening on purchases, followed by a 19.49%, 24.49%, or 29.49% variable APR.

Quick and Simple Rewards

Capital One Quicksilver Cash Rewards Credit Card

Apply Now
on Capital One’s secure site
Recommended Credit Score
Excellent, Good
Show Card Details +

Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card stacks up very well against other top-tier cash back cards as it offers an unlimited 1.5% cash back on everyday purchases and 5% cash back on hotels and rental cars booked through Capital One Travel. As a welcome offer, new card members can earn a $200 cash bonus after spending $500 within the first 3 months. This is a lower spending requirement than most cash back cards which means you can easily achieve this bonus with everyday purchases. You will also get 6 months of complimentary Uber One membership (through 11/14/24) and access to exclusive reservations and dining experiences through Capital One Dining. You will also benefit from a 0% intro on purchases and balance transfers for 15 months, then 19.24% – 29.24% (Variable) APR will apply. There is a 3% fee on the amounts transferred within the first 15 months but this fee is usually worth it if you’re currently carrying a balance on another card that charges interest. That’s an extensive list of benefits, especially for a card that does not charge an annual fee.

As you can see, it is a great time to be in the market for a new rewards credit card. Issuers are really stepping up their game and offering incredible perks to win your business. If you have good to excellent credit in the 670 – 850* range and have not recently applied for a new credit card then you should definitely apply for one of these stand out options today.

On Wells Fargo´s Secure Website


Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.