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In this article:
- Experian Review
- A simple cash back program
- No annual fee and competitive introductory offers
- Is this card right for you?
Wells Fargo Active Crate®card (fees and charges) is a complete offer with unlimited rewards of 2% cash back on purchases and no annual fee. New cardholders can qualify for an introductory bonus and introductory finance offers, notable benefits that can make this card a better choice than its competitors.
Wells Fargo Active Money®Card
Apply
on the Wells Fargo website
FICO recommended®Punctuation*
Good - Exceptional
Wells Fargo Active Money®Card
ABR
18.74%, 23.74% or 28.74% Variable APR
APR Introduction
0% introductory APR for 15 months from account opening on qualifying purchases and balance transfers
rewards
2%cash back on purchases
Earn unlimited 2% cash rewards on purchases
introductory bonus
Earn $200 Cash Reward Bonus After Spending $1,000 On Purchases In First 3 Months
annual quota
$ 0
card details
- Earn $200 Cash Reward Bonus After Spending $1,000 On Purchases In First 3 Months
- Earn unlimited 2% cash rewards on purchases
- 0% introductory APR for 15 months from account opening on qualifying purchases and balance transfers, then variable APR of 18.74%, 23.74% or 28.74%; balance transfers made within 120 days qualify for intro fee and 3% fee and up to 5% BT fee, minimum: $5
- $0 annual fee
- There are no categories to track or remember and cash rewards don't expire as long as your account remains open.
- Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your qualifying Wells Fargo card. (subject to a $25 deductible).
- Select "Order Now" for more information on product features, terms and conditions
- Matched For You are statements made by Experian and may not reflect Wells Fargo's underwriting standards
| advantage | Contras |
|---|---|
| Get 2% unlimited cashback on purchases | Other cards offer higher bonus earnings in certain categories |
| no annual fee | Foreign currency conversion rates |
| Introductory offers for new cardholders | May not be the best for balance transfers |
Wells Fargo Card Services
800-642-4720
E-MAILS. Box 51193
Los Angeles, CA 90051-5493
Experian Review
Wells Fargo Active Crate®The card's 2% reward rate and lack of an annual fee puts it in line with some of the best fixed-rate cashback cards available. The card's introductory bonus and promotional APR offers and its many cardholder benefits can propel you ahead of the rest. For additional benefits, seeWells Fargo Mobile App Review.
A simple cash back program
Flat rate cashback cards can be ideal for people who want to earn rewards but don't want to deal with a complex rewards program.
When You Use Wells Fargo Active Money®Card, you don't need to activate your rewards, follow changing categories, or consider which categories offer bonus rewards. Instead, you simply get 2% unlimited cashback on all purchases, a good rate for a flat rate rewards card.
You'll use the Wells Fargo Rewards program to redeem your cash rewards, and you can do this in several ways:
- Cover card purchases.You can use your cash rewards to earn a credit towards a purchase made with Wells Fargo Active Cash®Card. Redemptions start at $1, but you must have enough rewards to cover the entire transaction.
- Pay debts.You may use Cash Back Rewards toward paying down the principal balance on a Wells Fargo mortgage, loan, or other qualifying credit product. Redemption must be done in instalments of $25 and you may still need to make your regular payment.
- Get cash back.Order a check or have your rewards deposited directly into an eligible Wells Fargo checking or savings account in $25 increments. Or use a Wells Fargo debit card or ATM to withdraw your rewards or transfer them to an eligible account from Wells Fargo in installments of $20.
You can also redeem your rewards for charitable donations, merchandise, gift cards and travel reservations.
No annual fee and competitive introductory offers
Adding to its simplicity and value, Wells Fargo Active Cash®The card has no annual fee. And new cardholders can take advantage of several competitive introductory offers:
- Earn $200 cash rewards after making purchases of $1,000 within 3 months of opening your account.
- Get 0% introductory APR on qualifying purchases and balance transfers for 15 months from account opening. After the introductory period ends, a variable APR of 18.74%, 23.74% or 28.74% will apply.
Introductory APRs on qualifying purchases and balance transfers last 15 months from account opening. You can use these interest rate offers to finance a large purchase or pay off debt that you transfer without accruing interest.
Please note that the introductory 0% balance transfer APR only applies to balance transfers requested within 120 days of opening your account. After the promotional period ends, your card's variable APR will be applied to all remaining balances. The balance transfer fee is 3% for the first 120 days, then up to 5% with a minimum of $5 in any case.
Other cards may offer longer promotional interest rate introductory periods, but few also have a high fixed rate reward rate.
Cell phone protection and other benefits
In addition to rewards and introductory offers, Wells Fargo Active Cash®Cardholders receive ongoing benefits:
- Cell phone protection:Get up to $600 in protection when you pay your monthly cell phone bill with your Wells Fargo Active Cash®Card. The policy can help cover your expenses if your phone is stolen or damaged. However, insurance protection is secondary to other policies, there is a $25 deductible per claim, and you can file a maximum of two claims every 12 months.
- Advantages of Visa Signature Hotel:Wells Fargo Active Crate®The card is a Visa Signature Card, which will give you access to the Visa Signature Luxury Hotel Collection. You can get additional benefits when you use your card to book eligible hotels, such as free breakfast, food or beverage credits and automatic room upgrades.
- Concierge service:Guests will also have free access to the Visa Signature Concierge service. You can call or send an email togoalkeeperanytime for help with travel planning, dining reservations, entertainment reservations and other personal assistance.
Wells Fargo Active Crate®The card also has otherbuy benefits and insurance, such as zero liability protection and emergency card replacement.
Authorized User Policy
You can add an authorized user to your Wells Fargo Active Cash account®Card by logging into your online account and requesting to add an authorized user in the account management section. You don't have to pay a fee to add an authorized user, but you are responsible for all transactions initiated by that user.
Is this card right for you?
Wells Fargo Active Crate®The card can be a good option if you are looking for a fixed rate cash back card. It offers an introductory cash back bonus, which is especially enticing when you consider its current 2% cash back rate on purchases. There's also no annual fee to worry about and promotional interest rates that can help you save money.
FAQs
Is it hard to get approved for Wells Fargo active cash card? ›
Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Wells Fargo Active Cash. In order to get the Wells Fargo Active Cash, you will have to meet the credit score requirement, have a steady income and be at least 18 years old.
What credit score is needed for Wells Fargo active cash? ›The Wells Fargo Active Cash® Card is best for applicants with good credit, which typically means a credit score of 670 or higher. A credit score above 700 will give you even better chances of approval.
Are there any credit cards that give 3% cash back? ›- Overall. Chase Freedom Unlimited®
- Transit and U.S. gas stations. Blue Cash Preferred® Card from American Express.
- Dining and entertainment. Capital One SavorOne Cash Rewards Credit Card.
- Choice categories. Bank of America® Customized Cash Rewards credit card.
In short: Yes, wholeheartedly. The Wells Fargo Active Cash Card has debuted as one of the best flat-rate cash rewards credit cards on the market. The Active Cash is a low-maintenance rewards card with top-rate rewards potential and redemption options that make it an easy fit in any wallet.
Can I get a Wells Fargo credit card with a 650 credit score? ›Wells Fargo Reflect® Card requirements
The Wells Fargo Reflect® Card normally requires a FICO® Score of at least 670, and a score of 700 or higher is even better. This credit card has a long 0% intro APR on purchases and balance transfers, so it's designed for applicants with good to excellent credit.
While Wells Fargo uses FICO® Score 9 for some credit decisions, there are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, but different lenders (such as auto lenders and credit card lenders) may use different versions of FICO® Scores.
What is Wells Fargo highest credit card limit? ›| Card Name | Minimum Credit Limit |
|---|---|
| Wells Fargo Reflect® Card | $1,000 minimum |
| The Platinum Card® from American Express | No Pre-Set Spending Limit |
| American Express® Gold Card | No Pre-Set Spending Limit |
| Chase Freedom® Student credit card | $500+ |
Wells Fargo credit card requirements include having a credit score of 700+ (for most cards) and providing standard personal information such as your name, address, and date of birth.
What is the highest credit score Wells Fargo? ›This is a number assigned to your credit history. Credit scores typically range from a low of 300 to a high of 850. Generally speaking, the higher your credit score, the more likely a bank or other type of lender is to provide you a loan at a lower interest rate.
What is the 15/3 credit card hack? ›The 15/3 credit card payment hack is a credit optimization strategy that involves making two credit card payments per month. You make one payment 15 days before your statement date and a second one three days before it (hence the name).
Does having 3 credit cards hurt your credit? ›
No matter how many credit cards you have, the same rules apply: Keep your balances low, and always pay bills on time. While the number of cards that you carry likely won't affect your score in itself, you should avoid applying for several new credit cards at one time.
What credit score do you need for a cash back credit card? ›Rewards credit cards come with major benefits, and to qualify for the privilege of using them, you'll need a credit score of 670 or higher. The closer your score is to 850, the more likely it is you'll be eligible for the cards with the most valuable perks.
Does Wells Fargo credit card give instant approval? ›Wells Fargo does offer the possibility of instant approval on its credit cards, though. That means an applicant could receive a decision within minutes of submitting the application. After that, it takes about 7 to 10 business days for the card to arrive. Wells Fargo does not offer the option to get expedited delivery.
What is the minimum monthly payment on Wells Fargo active cash card? ›The Wells Fargo Active Cash card minimum payment is $25 or 1% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $25, the Wells Fargo Active Cash card minimum payment will be equal to the balance.
Is Wells Fargo activate cash card metal? ›No, the Wells Fargo Active Cash card isn't made out of metal. It's a simple plastic credit card.
What credit cards will approve a 600 credit score? ›Some of the best unsecured credit cards to get with a 600 credit score: Best for Credit Line Increases: Credit One Bank® Platinum Visa® for Rebuilding Credit. Best for No Upfront Fees: Milestone® Mastercard® - Less Than Perfect Credit Considered. Best for Pre-Approval: Indigo® Mastercard® for Less than Perfect Credit.
What credit card limit can I get with a 700 credit score? ›“In the 700 club, your credit limit will likely be close to the average credit limit for a newly issued card, about $5,000,” says Ted Rossman, senior industry analyst at Bankrate. “That limit can vary based on income and other debt.”
Can I get a credit card with a 549 credit score? ›Credit Cards with a 549 Credit Score
The best type of credit card for a 549 credit score is a secured credit card. Secured cards give people with bad credit high approval odds and have low fees because cardholders are required to place a refundable security deposit.
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureaus may be used when evaluating a Wells Fargo credit card application. Cardholder reports suggest the state you live in may factor into which credit bureau Wells Fargo uses when it pulls your credit report.
What credit card can I get with a 560 FICO score? ›One of the best credit cards you can get with a score of 560 is the Bank of America® Unlimited Cash Rewards Secured Credit Card. This card has a $0 annual fee and rewards cardholders with 1.5% cash back on all purchases. Keep in mind that a 560 credit score is classified as "bad" on the standard 300 - 850 scale.
How does Wells Fargo determine credit limit? ›
Wells Fargo determines your initial credit limit based on your credit score, so if your credit score is higher now than when you initially applied for your Wells Fargo credit card, then there's a good chance you may qualify for a higher limit.
How often will Wells Fargo increase my credit limit? ›Wells Fargo doesn't specify how often a cardholder's credit limit can be increased, but generally, credit limit increases are possible as frequently as every six months to a year—if the cardholder opened the credit account more than six months ago and the account remains in good standing.
What is the credit card limit for 50000 salary? ›#1 Your Income/Salary:
Usual credit limit is 2X or 3X of your monthly income. Suppose your salary slip shows Rs. 50,000 per month, you can expect Rs. 1 Lakh – 1.5 Lakh credit limit.
Wells Fargo may offer you an automatic credit limit increase if you use your credit responsibly. You can submit a Wells Fargo credit limit increase request over the phone but not online. Wells Fargo looks at your payment history, credit report and income to make a decision.
Can I get a credit card with a score of 671? ›A 671 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for credit without high fees and interest rates with a score in this range. “Fair” score range identified based on 2021 Credit Karma data.
What is a good credit limit? ›A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.
Is 646 a good credit score? ›Your score falls within the range of scores, from 580 to 669, considered Fair. A 646 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
How do you get an 800 credit score? ›- Pay Your Bills on Time, Every Time. Perhaps the best way to show lenders you're a responsible borrower is to pay your bills on time. ...
- Keep Your Credit Card Balances Low. ...
- Be Mindful of Your Credit History. ...
- Improve Your Credit Mix. ...
- Review Your Credit Reports.
FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.
What is the credit secret loophole? ›A 609 Dispute Letter is often billed as a credit repair secret or legal loophole that forces the credit reporting agencies to remove certain negative information from your credit reports.
What is the 20 10 rule for credit cards? ›
The 20/10 rule follows the logic that not more than 20% of your yearly net income should be spent on consumer debt, and no more than 10% of your net monthly income should go towards paying the debt repayments.
Why did my credit score go down when I paid off my credit card? ›Why credit scores can drop after paying off a loan. Credit scores are calculated using a specific formula and indicate how likely you are to pay back a loan on time. But while paying off debt is a good thing, it may lower your credit score if it changes your credit mix, credit utilization or average account age.
How many credit cards does the average American have? ›The average American has two to three credit cards, and Credit Karma members have nearly five. See how you compare and learn how opening and closing accounts can affect your credit.
Do millionaires use credit cards? ›Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.
What is a 5 24 rule? ›What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
How many credit cards do you need to have a 850 credit score? ›Average age of accounts: the higher is better. You should aim for 9+ years to score "Excellent." Total accounts: You need 21+ accounts to score "Excellent." If you have 20 cards and low utilization, you're seen as more responsible to the credit agencies.
How many credit cards do you need for a 800 credit score? ›The benefit of having multiple credit cards
The average consumer with a credit score of 800 or higher -- considered "excellent" -- has 10 revolving credit accounts.
Cash advances don't impact your credit score differently than regular credit card purchases. However, the additional fees and interest that cash advances are subject to sometimes catch card holders off-guard and lead to situations of credit card delinquency, which negatively affect credit score.
Does Wells Fargo approve everyone? ›There is no minimum credit score required to take out a Wells Fargo personal loan. Instead, the company will make its approval decision based on other financial factors, including your credit history, ability to repay, and other factors indicating your overall financial situation.
Is it hard to get approved for a Wells Fargo loan? ›It is fairly hard to get a Wells Fargo credit card, as most Wells Fargo cards require good credit or better for approval.
What is the easiest credit card to get instant approval? ›
The easiest instant credit card to get approved for is a secured card, particularly one that doesn't do a credit check and pull your credit report from a credit bureau. One secured credit card that doesn't do credit checks is the OpenSky® Secured Visa Credit Card.
Does Wells Fargo active cash do hard pull? ›Yes, the Wells Fargo Active Cash card does a hard pull. In fact, that's the case whenever you apply for any credit card, loan or line of credit. Keep in mind that you will need at least good credit to get the Wells Fargo Active Cash card.
Can I use my Wells Fargo active cash card at ATM? ›Examples include using your card for Cash Advances through an ATM, bank teller or Wells Fargo Online®, Overdraft Protection advances, Balance Transfers, or cash-like purchases such as money orders, wire transfers, traveler checks, foreign currency, lottery tickets, casino chips, off-track wagers, other wagers, vouchers ...
What credit score do I need for Wells Fargo active cash credit card? ›The Wells Fargo Active Cash® Card is best for applicants with good credit, which typically means a credit score of 670 or higher. A credit score above 700 will give you even better chances of approval.
Do you need a credit score for Wells Fargo active cash card? ›The Active Cash Card welcomes applicants with good to excellent credit (a FICO score of 670 or higher). Unfortunately, Wells Fargo does not currently offer preapproval for the Active Cash card on its website, though existing Wells Fargo customers may see a preapproved offer in their online account.
What credit score is needed for Wells Fargo reflect card? ›What credit score do you need for a Wells Fargo Reflect® Card? Like many other top balance transfer credit cards, you'll need 660 - 850 credit to qualify for the Wells Fargo Reflect® Card — this typically means having a FICO Score of at least 660.
Which card is easiest to get approved for? ›- No Credit Check: OpenSky® Secured Visa® Credit Card.
- No Deposit: Credit One Bank® Platinum Visa® for Rebuilding Credit.
- Rewards Categories: U.S. Bank Cash+® Visa® Secured Card.
- Unlimited Cash Back: Capital One Quicksilver Secured Cash Rewards Credit Card.
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureaus may be used when evaluating a Wells Fargo credit card application. Cardholder reports suggest the state you live in may factor into which credit bureau Wells Fargo uses when it pulls your credit report.
Which bank gives instant card approval? ›1. HDFC Bank instant approval credit card. HDFC Bank credit cards are not only 100% secure, but they also provide instant activation and ownership. here, a potential customer is taken to the end-to-end instant digital application page wherein the issuance happens at a single click.
What card is the hardest to get? ›Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
What cards can I get with a 550 credit score? ›
The best credit cards for a 550 score:
No Credit Check: OpenSky® Secured Visa® Credit Card. Cash Back: U.S. Bank Cash+® Visa® Secured Card. No Deposit: Credit One Bank® Platinum Visa® for Rebuilding Credit. Flat Rewards Rate: Capital One Quicksilver Secured Cash Rewards Credit Card.
Credit experts suggest that you only ask for an increase when you've paid your bills promptly. They also recommend waiting at least six months after you received the credit card and asking for no more than a 10% to 25% increase. Asking for more than 25% might raise questions about your intentions.
Can I get a credit card with a 570 credit score? ›Yes, you can, but you'll need to apply for specific cards that accept applicants with low credit scores.
What credit score do you need to get approved for most credit cards? ›It's hard to know the exact credit score an issuer will require when you apply for a credit card, but a score of 660 or above gives you the best chance of approval.