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Wells Fargo Active Cash® Card: A $200 Cash Rewards Bonus After Spending $1,000 in First 3 Months Expired

+334 Deal Score
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Update: This popular offer is still available

Wells Fargo is offering a $200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months with their Active Cash® Card. Earn unlimited 2% cash rewards on purchases. No annual fee.

Thanks to Community Member pink123 for finding this deal.

Card Features:

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Original Post

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Edited April 4, 2023 at 07:46 AM by
Wells Fargo is offering a $200 cash rewards bonus when you spend $1,000 in purchases in the first 3 months with their new Active Cash℠ Credit Card. Earn unlimited 2% cash rewards on purchases. No annual fee.

Card Features:
  • Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 19.74%, 24.74%, or 29.74% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • 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 eligible Wells Fargo card (subject to a $25 deductible).
  • Select "Apply Now" to learn more about the product features, terms and conditions



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Slickdeals may be compensated by Wells Fargo
Created 06-28-2021 at 04:16 PM by pink123
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Deal
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+334
1,131,407 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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These things are very unlikely to happen again. WF got hit with tons of fees and penalties and invested hefty in their risk compliance departments This whole thing sent a shockwave across the industry that also benefited banks' employees. Tellers don't need to aggressively cross sell bank product anymore.
Good all-rounder for those looking for a generalist card and better than Apple Card for merchants who don't take Apple Pay (there are a sizable bunch). Points are awarded monthly and with a $25 minimum for statement credit or check back (Direct Deposit isn't possible unless you have a bank account with them). Wells Fargo's latest pay with points option (I think inspired by Chase Pay Yourself Back) can get around this threshold - redemption is 1 cent to 1 point and points balance must cover the entire amount (no partial offsets). Cell Phone Protection is a good plus, few cards offer a higher rewards rate on top of this perk.

Another thing - Wells Fargo act funny if you pay too many times a month online (I think over 3 payments blocks you from making online payments for the rest of the statement period), but you can always pay over the automated phone system if you exceed this limit.
FNBO also has a 2% cash back Visa with a pre-qualification link. Might be helpful for those who don't have perfect credit and are unsure if they'll get approved. It even tells you the credit limit they'll pre-qualify you for. I got approved yesterday; it'll be my highest limit card so far.

https://www.fnbo.com/personal-ban...dit-cards/

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Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 02:53 PM.
01-29-2022 at 02:53 PM.
Quote from Yeezus :
I'm put off by WF's unscrupulous actions in the past, which is why I only do business with honorable financial institutions which value customer relationships over profits and always strive to act ethically, even if it means losing market share and disappointing shareholders. i.e. I stuff my cash under my mattress.
>>>>"honorable financial institutions which value customer relationships over profits and always strive to act ethically, even if it means losing market share and disappointing shareholders"

Can you name them?
Reply
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 02:54 PM.
01-29-2022 at 02:54 PM.
Quote from desitoyota :
Shall I apply for this? I have a FICO score of 831. Already have a VISA card from BOA which gives me 2.61% cash back, but have to maintain 100k total balance which is not a issue for me( emergency fund in checking account plus brokerage account ). The only issue is BOA card charges annual fee of $95. This Wells Fargo card also offered me 15 months 0% APR on purchase and balance transfer. I don't have any balance on credit card as I pay them full every month
Stick with BOA
Reply
Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 02:59 PM.
01-29-2022 at 02:59 PM.
Quote from 1dash1 :
Rejected.Reason: Too many active credit cards (I have 17 open accounts at the present time).I don't know what Wells Fargo considers to be a reasonable number of credit cards, but apparently 17 is too many.
BTW, I pay off the full balances every month ... don't know whether that works for me or against me!
Quote from ElKarl :
Damn, I thought 9 was a lot.
Sheer stupidity from the two of you. I have had just 4 cards over the past 2 decades with my FICO score consistently over 800. I have retained my oldest card two cards and for the rest, I get one on average each year or 6 months, get the promo bonus and keep them for just 1 year then cancel. The so called ding to your credit card from cancelling you relative gazillion card is a fallacy. Actually, it is stupidity.

the ding, if any, is short lived because your overall credit line decreases. It only makes a major difference is you have a balance that's a very high % of your overall credit line and then you cancel. If you actually do, you have far greater financial problems in life.
2
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Last edited by CosmologicalConstant January 29, 2022 at 03:03 PM.
Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 03:05 PM.
01-29-2022 at 03:05 PM.
Quote from gouwaksky :
Forgot to mention, I called to have the product change. I knew about this card when they first came out through nerdwallet mentioning it. CS was not able to give me the bonus b/c I'm not a new customer per fine print.
You need to go to the DOCTOR OF CREDIT web site each day. they are the #1 site, in my opinion, for updates on consumer financial stuff
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Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 03:08 PM.
01-29-2022 at 03:08 PM.
Quote from o2ChrisB :
I just got this card and DEEPLY regret it. Wells Fargo has been nothing but a HUGE hassle with the sign-up, approval, communication, different departments, customer service, activation, balance transfer, and decline of use. NIGHTMARE. Do not get this card, for your own sake. Be aware, the balance transfer is 0% APR for 15 months, but there is a balance fee of 3%. What a pain.
Have you ever considered that the problem may be YOU not the bank? Most apply online and that's the end of it. You obviously have gone on a different route? That's teh same case of those trying to find their way to Timbucktu.
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CosmologicalConstant
01-29-2022 at 03:10 PM.
01-29-2022 at 03:10 PM.
Quote from JJ1985 :
I applied and got denied although my FICO score is 833, my mortgage is paid off, have a government pension for life, and pay all my credit cards in full every month. Not bragging but my net worth (home, savings, stocks, cash) is in excess of $2 mil. I'm waiting for the letter that explains the denial.
too many cards or too much credit
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> bubble2 10,951 Posts
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CosmologicalConstant
01-29-2022 at 03:14 PM.
01-29-2022 at 03:14 PM.
Quote from CanesFan :

They obviously can't make money off of people who pay their balances off every month.
they make money every time the card is swiped.
Reply

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Joined Dec 2007
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CosmologicalConstant
01-29-2022 at 03:15 PM.
01-29-2022 at 03:15 PM.
Quote from TruongKy :
i have 6-figure income and fico over 800. Applied 2 weeks ago and still pending. Called last week and they told me to fax 2 recent paystuff. Faxed to them last week and still no decision.

This is the worst bank that i've ever experienced.
your mistake was calling them. should have waited and would have been approved.
1
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CosmologicalConstant
01-29-2022 at 03:16 PM.
01-29-2022 at 03:16 PM.
Quote from WittyRoom517 :
I'm conflicted! I don't know if I should apply for this card vs PayPal MasterCard vs Synchrony Premier MasterCard vs Citi Doublecash Card.

Pros:
- Wells Fargo: Sign-Up Bonus
- PayPal: No Minimum for Rewards Redemption
- Synchrony: World MasterCard, Automatically Redeemed/No Minimum for Rewards Redemption
- Citi: Good Customer Service

Cons:
- Wells Fargo: Cannot Be Trusted, Known to Offer Low Credit Limits
- PayPal: Difficult to Reach Customer Service, Poor Customer Service, Must Use PayPal App, Must Go Through PayPal to Access Cash Back, Known to Close Accounts (Uses Synchrony), No Sign-Up Bonus
- Synchrony: Poor Customer Service, Outdated App, Known to Close Accounts, No Sign-Up Bonus
- Citi: Can Only Redeem at $25, Points Expire, Higher Credit Score Needed, No Sign-Up Bonus

Can someone help me decide?!
answer: citi, assuming you wish to keep this card for at least 3 years.
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1dash1
01-29-2022 at 08:50 PM.
01-29-2022 at 08:50 PM.
Quote from CosmologicalConstant :
Sheer stupidity from the two of you. I have had just 4 cards over the past 2 decades with my FICO score consistently over 800. I have retained my oldest card two cards and for the rest, I get one on average each year or 6 months, get the promo bonus and keep them for just 1 year then cancel. The so called ding to your credit card from cancelling you relative gazillion card is a fallacy. Actually, it is stupidity.

the ding, if any, is short lived because your overall credit line decreases. It only makes a major difference is you have a balance that's a very high % of your overall credit line and then you cancel. If you actually do, you have far greater financial problems in life.
Sheer stupidity?

I have different credit cards for different purposes: some rewards programs, some for cash back. Every card serves its purpose.

And my FICO is consistently over 800, too.
Reply
Last edited by 1dash1 January 29, 2022 at 08:57 PM.
Joined Dec 2020
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> bubble2 1,635 Posts
ElKarl
01-30-2022 at 07:57 AM.
01-30-2022 at 07:57 AM.
Quote from CosmologicalConstant :
In what way is this better than Citi Double Cash Credit cards?
Cit Double cash pays 1% when you purchase and 1% when you pay it off so you can't apply your full rewards to any balance because you won't get the other 1% until you pay it off.

Plus Citi mandated all their employees get the covid vaccine or they would be fired on January 31, despite the fact the vaccine doesn't keep you from getting covid, from passing covid on to others, or from getting sick from covid. No testing option is available. I am cancelling my Citi cards and closing my account with them after the next billing cycle.
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Joined Dec 2020
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> bubble2 1,635 Posts
ElKarl
01-30-2022 at 08:10 AM.
01-30-2022 at 08:10 AM.
Quote from CosmologicalConstant :
Sheer stupidity from the two of you. I have had just 4 cards over the past 2 decades with my FICO score consistently over 800. I have retained my oldest card two cards and for the rest, I get one on average each year or 6 months, get the promo bonus and keep them for just 1 year then cancel. The so called ding to your credit card from cancelling you relative gazillion card is a fallacy. Actually, it is stupidity.

the ding, if any, is short lived because your overall credit line decreases. It only makes a major difference is you have a balance that's a very high % of your overall credit line and then you cancel. If you actually do, you have far greater financial problems in life.
I had an 850 credit score for 7 months last year and it only went down when I paid off my mortgage because I lost the history of payments. I have way over $100,000 in available credit from credit cards, pay my balance off every month, and never paid any credit card interest fees.I saved thousands of dollars in interest fees by putting major purchases on 0% interest credit card promo offers, but that's sheer stupidity?

What are you doing wrong that you don't have an 850 FICO score? Is it stupidity, laziness or you just don't know how to handle your finances? How are you getting bonuses and cancelling the cards in a year at an average of once every 6 months but only have had 4 cards in the past 20 years? You can't even do first grade math. Sheer stupidity.
3
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Last edited by ElKarl January 30, 2022 at 08:16 AM.
Joined Dec 2020
L6: Expert
> bubble2 1,635 Posts
ElKarl
01-30-2022 at 08:22 AM.
01-30-2022 at 08:22 AM.
Quote from 1dash1 :
Sheer stupidity?

I have different credit cards for different purposes: some rewards programs, some for cash back. Every card serves its purpose.

And my FICO is consistently over 800, too.
The guy says he gets a new credit card on average each year or 6 months (to get the bonus and then cancels them in a year), but before that he said he has only had 4 cards in 20 years. So which is it? He's either a liar or doesn't know how to do basic math. If he wasn't what's known as a card churner maybe he would have a higher FICO score. How embarrassing for him.
1
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Joined Dec 2020
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> bubble2 1,635 Posts
ElKarl
01-30-2022 at 08:27 AM.
01-30-2022 at 08:27 AM.
Quote from CosmologicalConstant :
>>>>"honorable financial institutions which value customer relationships over profits and always strive to act ethically, even if it means losing market share and disappointing shareholders"

Can you name them?
The number one priority of a company is to make money for its stock holders. That's it. You seem to be very ignorant in regards to finances as everyone can see by your messages here.
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Joined Dec 2020
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> bubble2 1,635 Posts
ElKarl
01-30-2022 at 08:39 AM.
01-30-2022 at 08:39 AM.
Quote from CosmologicalConstant :
Sheer stupidity from the two of you. I have had just 4 cards over the past 2 decades with my FICO score consistently over 800. I have retained my oldest card two cards and for the rest, I get one on average each year or 6 months, get the promo bonus and keep them for just 1 year then cancel. The so called ding to your credit card from cancelling you relative gazillion card is a fallacy. Actually, it is stupidity.

the ding, if any, is short lived because your overall credit line decreases. It only makes a major difference is you have a balance that's a very high % of your overall credit line and then you cancel. If you actually do, you have far greater financial problems in life.
While they can't make credit card churning illegal, they often put measures in place to discourage it. Here are some examples:

Chase: Their 5/24 rule prevents you from qualifying for an account with them if you've opened five others, regardless of who the account is with, in the last 24 months.

Citibank: Citibank generally denies your application for a credit account if you've had one before and canceled it too recently. They often make you wait 24 or 48 months from the date of your previous application to get the card and its reward again.

American Express: You can usually only apply for an American Express card and earn its introductory bonus once. If you cancel and reapply, even years later, you can't get a bonus on the same card again.

Even if you avoid these limitations, lenders can still punish you for churning. If they feel like you're abusing the system, they can boycott you for future accounts. Violating their terms and conditions can even cause them to cancel your account or take your rewards back.

No wonder you can't your credit score up to 850. I doubt it is anywhere near 800 as you seem really dumb about credit cards and finances.
1
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