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- Cashback can be applied to offset purchases, to pay off a WF loan or credit line, or withdrawn at WF ATM (minimum $20 at ATM) or redeemed for gift cards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.
Got denied with an 800+ FICO. Two existing WF cards that I use every month and get a small balance waiver on every month, plus a checking account.
This would have been a great time for a bonus on $500 spend since Citi Sears left me in the lurch this month. Plus the 2% on the Active Cash is essentially 3% for me since I have the WF Platinum Visa, which offers a 50% points bonus on travel redemption. Oh, well…
Tread lightly, folks. I know it’s tempting since the more Wells Fargo accounts you have, the more likely you are to get a settlement check in a few years when they get booked for outrageous criminality, but… they be denying valuable customers.
title needs update, its $500 spend
Can anyone share the reconsideration line 800#? I applied for Autograph journey and was denied so would like to talk to them. TY in advance. Pulled experian.
Credit services # is 800-967-9521 but calling is a waste of time. Human analyst is not empowered to override the algorithm. So whatever decision is made is final.
The points of denial for me:
Well Fargo is still under Fed asset cap. Don’t know if it affects credit card lines they can extend, but I would assume they are very picky. I would think it’s a waste applying to Wells Fargo.
Does anyone know if WF enforces this?
You may not be eligible for introductory annual percentage rates, fees and/or rewards bonus offers if you have the card product you are applying for or opened one within the last 48 months from the date of this application – even if that account is closed and has a $0 balance.
The terms I read said that eligibility starts 48 months after last receiving a card sign up bonus.
Do any of you have multiple Active Cash cards? Was curious if it was like Chase, USBank and others that allow you to have multiple of the same card.
denied – I have checking, savings, 2 other credit cards with them. FICO 735
Got ACCEPTED for the Active Visa, FICO 826. Already had the WF Autograph Visa.
As a bonus [no pun intended] the $200 bonus was automatically bumped up (without my having to enter a code or anything else on my part) by being a Premier Checking client! But they didn’t accept me right away; I had to sit it out overnight (assuming I’d been denied) only to find out I’d been approved with a CL of $25K; this was on top of the existing $25K CL on my Autograph Card.
It might’ve helped that I upgraded to their “Premier Checking” (I need another ~ 30 days to get my $2,500 Premier Checking Bonus for the $250K+ in new money to WF (savings, checking, Trad. IRA, Roth IRA). Partial Roth transferred to WF
I was surprised re: the Active Visa, quite frankly, given that I recently opened two (2) Chase Ink cards. That was ~ 1 and 3 months ago for the $700 and $750 bonuses, respectively. Don’t know if the WF DPs were affected by opening/collecting bonuses for opening/transferring WF Roth IRA and establishing Premier Checking.
Hope this info helps y’all.
Got denied with FICO 815. I’m not sad for missing out on the $200 bonus because the only reason I wanted this card is so I can apply for their checking every year without having to call tech support to reactivate the user login. Their crap system will deactivate your login if you don’t have an active credit card or deposit account with them. I mainly wanted this card as a placeholder to keep my user login active.
Got denied as well with 830 credit score.
Next time use their pre-approval link. I didn’t use it and wasted a HP
what credit agency are they pulling?
Experian
Great deal. I did this card I think for about $300 about 14 months ago and closed. Now I was approved for the same card for $200. You gotta love easy money.