Introduction OfferEarn a $200 money benefits bonus after spending $1,000 in purchases in the first 3 months
APR15.74%, 20.74%, or 25.74% Variable APR
. Introduction Purchase APR0% introduction APR for 15 months from account opening.
Recommended Credit Excellent, Good.
Reward Rates.
Earn endless 2% cash benefits on purchases.
Earn limitless 2% money rewards on purchases.
Intro Balance Transfer APR0% intro APR for 15 months from account opening on certifying balance transfers.
Balance Transfer APR15.74%, 20.74%, or 25.74% Variable APR
. Balance Transfer Fee approximately 5%; min: $5.
Foreign Transaction Fees 3%.
Penalty APR None.
The Wells Fargo Active Cash ® Card is a fantastic card for anyones budget– its got among the greatest flat benefits rates throughout all charge card. Youll make 2% money rewards no matter purchase category.Most flat-rate cards peak at 1% or perhaps 1.5% benefits rates. There are a handful of cards that allow you to earn as much as 3% throughout all purchases, however they frequently need you to satisfy large spending limits. But this card has no annual charge, no spending thresholds and no rewards limitation, making it a carefree option.The rewards arent the only significant aspects of this card. You can make the most of a competitive initial APR and welcome bonus offer, too. Keep reading for more program details and for tips on other cards you may want to consider. In this short article
Yearly Fee$ 0.
Money rewards and redemptionWe function Wells Fargo on our lists for best charge card with no yearly fee and for cash-back charge card due to the fact that of its high flat cash-rewards rate and easy rewards structure.While most charge card offer a 1% or perhaps 1.5% cash-back rate on all purchases, this card offers an unrestricted 2% money benefits on purchases. There is a caveat however– you can redeem your money benefits for “money” in $25 increments over the phone or online, and at a minimum of $20 by means of a Wells Fargo ATM or debit card. “Cash” redemption can take the type of a credit on your billing declaration, a deposit into a certifying Wells Fargo checking or cost savings account or by means of a paper check. As a way around the minimum threshold, you can redeem your points for specific purchases as little as $1 as long as you have adequate cash rewards to cover the purchase in complete. Alternatively, you can redeem your benefits as travel, charitable donations, present cards (in $25 increments) or product through your account.Welcome bonusYou can make a $200 cash rewards welcome bonus offer after spending $1,000 on purchases with your Wells Fargo Active Cash Card within the first three months of account opening. While this welcome bonus doesnt have the greatest nominal value on the market, nor the most affordable spending limit to unlock it, its an excellent ratio of rewards to costs. If youre specifically interested in finding a terrific intro deal value, inspect out our choices for the best welcome bonuses.The cash-rewards welcome benefit will be redeemable through your account one or 2 billing durations after it is earned.Introductory APRAnother big draw of the Wells Fargo Active Cash Card is the initial 0% APR on purchases and qualifying balance transfers, which lasts for 15 months from account opening. After that, your variable APR will be 15.74%, 20.74%, or 25.74%, depending upon your credit. This function makes the card a great option if you want to fund a big purchase and spread out the payments– but be cautious of making charges you cant afford.While your 0% intro APR on purchases stands for the first 15 months from account opening, you can just make a qualifying balance transfer within 120 days of account opening for the 0% introductory APR to use. But you do not get 15 months from the date of balance transfer– the clock begins ticking when you get approved for the card. For instance, if your balance transfer is started three months after opening the account, youll just be delighting in the remaining 12 months of 0% initial APR on that balance (15.74%, 20.74%, or 25.74% variable APR afterwards). And if your balance transfer isnt initiated till 5 months after account opening, you will not get any initial 0% APR on that balance, considering that its outside the 120 day window.Other featuresThere arent many concealed benefits with this card– what you see is what you get. The money benefits, welcome perk and introductory APR cover the bases. You do get up to $600 in cell phone damage or theft protection after a $25 deductible, as long as you pay your costs with your Wells Fargo Active Cash Card.Comparable cardsCiti ® Double Cash CardThe Citi Double Cash Card is comparable to the Wells Fargo Active Cash Card– both offer a flat 2% cash-rewards rate. With the Double Cash Card, nevertheless, you earn 1% when you make the purchase and the other 1% when you make the payment. So while you can earn the same benefits rate, its not as simple or instant. You likewise get 18 months of 0% initial APR on balance transfers with the Double Cash Card (then a variable APR of 14.74% to 24.74%; balance transfers need to be finished within the very first 4 months of account opening). While this is longer than the time frame of the Wells Fargo deal, it doesnt use to purchases.For more details, see our full evaluation of the Citi Double Cash Card.Chase Freedom Unlimited ® The Chase Freedom Unlimited is a great cash-back card for many people. Its cash-back program is a little bit more involved than Wells Fargo, many may be able to net more benefits in general. Youll get 5% money back on travel booked through Chase Ultimate Rewards, 3% money back on dining and pharmacies, and 1.5% on all other purchases. While the catch-all rate is a little lower than that of the Active Cash Card, the bumps on other spending categories may make up for it. You can also make an important welcome bonus offer and comparable initial APR with this card.Check out all of the details in our complete evaluation of the Chase Freedom Unlimited.FAQs.
How do cash-back credit cards work?
Cash-back charge card provide cardholders rewards on their costs in the form of declaration credits or cash. A statement credit is a reduction in the amount due to the credit card company on your month-to-month costs. Keep in mind that rewards are not constantly offered the month you make them– they are normally used to your balance by credit card issuers after one or 2 billing cycles.The redemption procedure for cash-back charge card is either very simple or automated. Some cards immediately apply money rewards to your declaration balance every month. Others need you to visit and redeem offered benefits points for declaration credits. Many points do not end, however you will lose them if you close the account prior to redeeming them..
What kinds of cash-back charge card exist?
Cash-back credit cards typically fall under four primary classifications: flat-rate, tiered, rotating or select your own. Flat-rate cards use the very same rate for each purchase. Tiered cards use a different benefits rate for various classifications of costs. Turning classification cards provide various rewards each quarter, determined by the card issuer. Choose-your-own classification cards permit you to pick your rewards classification.
How do you choose a cash-back charge card?
The Wells Fargo Active Cash ® Card is a fantastic card for anybodys budget– its got one of the greatest flat rewards rates across all credit cards. Cash rewards and redemptionWe feature Wells Fargo on our lists for finest credit cards with no annual cost and for cash-back credit cards due to the fact that of its high flat cash-rewards rate and easy rewards structure.While most credit cards provide a 1% or even 1.5% cash-back rate on all purchases, this card offers an endless 2% cash rewards on purchases. You can redeem your benefits as travel, charitable contributions, gift cards (in $25 increments) or product through your account.Welcome bonusYou can earn a $200 money benefits welcome bonus offer after investing $1,000 on purchases with your Wells Fargo Active Cash Card within the very first three months of account opening. You do get up to $600 in cell phone damage or theft protection after a $25 deductible, as long as you pay your expense with your Wells Fargo Active Cash Card.Comparable cardsCiti ® Double Cash CardThe Citi Double Cash Card is similar to the Wells Fargo Active Cash Card– both provide a flat 2% cash-rewards rate. Note that rewards are not constantly available the month you earn them– they are generally applied to your balance by credit card issuers after one or two billing cycles.The redemption procedure for cash-back credit cards is either automatic or very easy.
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To choose the finest cash-back credit card for you, the most important thing is to have a clear idea of how youre already spending money each month. Consider other functions of the cards, too, such as APR, sign-on perks and foreign transaction charges– make sure you get something that fits with your way of life and spending habits.Your credit card choice may likewise be impacted by your credit rating. You can look into the finest credit cards for no credit and the finest credit cards for bad credit.
Our approachWe evaluation the cards that remain in the highest demand and offer the very best advantages. We search the small print so there arent any surprises when you open an account. We find the crucial factors that make a card stand out and compare them with other top cards. That way, readers can go with a various card with similar functions if our pick isnt ideal for them. Our reviews are regularly inspected and updated to include brand-new recommendations, along with to reflect changes in offers and the market.