Update 4/18/23: Spend requirement is temporarily lowered from $1,000 to $500. Same $200 bonus.
Update 8/7/22: Bonus is $250 in branch.
As expected, Wells Fargo has officially launched their new Active Cash card which earns 2% cash back on all purchases and offers a $200 signup bonus with no annual fee.
Signup Bonus
- Get $200 sign up bonus after $1,000 in spend within the first three months.
Card Details
- Card earns 2% cash back on all purchases
- Cashback can be redeemed as little as $1
- Cashback can be applied to offset purchases, to pay off a WF loan or credit line, or withdrawn at WF ATM (minimum $20 at ATM) or redeemed for gift cards
- $0 annual fee
- 3% foreign transaction fee
- 0% intro APR for 15 months
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with the card
Our Verdict
It’s good to see another 2% card available with no annual fee. Nice to see a $200 bonus on the card as 2% cards often have no/little bonus on them. We’ve added this to our list of Best Credit Cards For Every Day Purchases.