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By P. Griffiths
Last Updated Apr 30, 2023

Hands Down the Top Card of 2023

The Wells Fargo Active Cash® Card offers a $200 cash rewards bonus when you spend $500 in purchases in the first three months.

Apply Now
On Wells Fargo’s secure site

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.

Unlimited 2% Cash Rewards

The Wells Fargo Active Cash® Card offers 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. 

$200 Cash Rewards Bonus

There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $500 in purchases in the first three months after you are approved. This means you are getting another 40% back on the first $500 you spend.

The Wells Fargo Active Cash® Card offers unlimited 2% cash rewards on purchases.
Apply Now
on Wells Fargo's secure site

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 19.99%, 24.99%, or 29.99% 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

Annual Fee
$0
Cash Rewards
Earn unlimited 2% cash rewards on purchases
Purchase APR
0% intro APR for 15 months from account opening, then 19.99%, 24.99%, or 29.99% variable APR
Balance Transfer APR
0% intro APR for 15 months from account opening on qualifying balance transfers, then 19.99%, 24.99%, or 29.99% variable APR
Welcome Bonus
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
Recommended Credit Score
Excellent/Good 670 – 850*
View All Card Details

Other Rewards Card 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.

Great for Balance Transfers and 2% Cash Back

Apply Now
On Citi®’s secure site
Recommended Credit Score
670 – 850*
View All Card Details

Citi® Double Cash Card – 18 month BT offer

If you are looking for an easy to understand, flat rate, cash back credit card that pays an above-average rate of 2% (1% when you buy and 1% as you pay), then this is a fantastic option for you. If you are looking for additional savings you can get immediate relief from interest payments on your existing high-interest credit card debt by transferring those balance(s) and accepting the 18-month 0% APR balance transfer offer terms. There is a reasonable balance transfer fee and the ongoing APR of 18.99% – 28.99% (Variable) will apply after the introductory rate is up after 18 months. Even with the higher than average cash back rate, this card does not charge an annual fee.

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

Apply Now
On Wells Fargo’s secure site
Recommended Credit Score
670 – 850*
View All 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 19.99%, 24.99%, or 29.99% variable APR.

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

Heads Up!

You can earn a $200 cash rewards bonus + unlimited 2% cash rewards.


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.



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