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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
1,138,338 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 2004
L10: Grand Master
> bubble2 12,550 Posts
1,365 Reputation
kensteele
02-17-2022 at 08:15 AM.
02-17-2022 at 08:15 AM.
Quote from CanesFan :
They said "like a debit card", meaning they don't carry a balance on it by sending a payment for the amount charged on almost a daily basis. It's still a credit card and you get points/rewards, they just don't allow the charges to accumulate too much. Most people would probably wait until they get their bill to pay it off completely but this is another way of doing it to not have to pay interest on the charges.
that's pretty insane, i do the same except i activate automatic payment for the amount of the statement balance on the due date. same results, pay no interest. except i only make 12 payments per year, no hundreds. and i get way more time to keep my own money instead of sending it to the bank (early). however, i've heard some people do this to keep them from overspending.
Reply
Joined Apr 2005
L10: Grand Master
> bubble2 9,336 Posts
1,596 Reputation
CanesFan
02-17-2022 at 02:44 PM.
02-17-2022 at 02:44 PM.
Quote from nyc10036 :
How soon after the $1000 spend do you get the $200 bonus?
It seems from the wording that you could be waiting 2 or 3 statement cycles.
I got mine in the next billing cycle after purchasing the $1,000 threshold.


Quote from kensteele :
that's pretty insane, i do the same except i activate automatic payment for the amount of the statement balance on the due date. same results, pay no interest. except i only make 12 payments per year, no hundreds. and i get way more time to keep my own money instead of sending it to the bank (early). however, i've heard some people do this to keep them from overspending.
That would be my guess as to why some people pay that many times. If you send the payment right away then you can't spend those funds on something else and then not have it when the bill comes. Some people don't have credit cards because of this, they'd rather not be tempted with the buy now pay later method and run the risk of racking up the debt, they'd rather just have money that they actually have available deducted for every purchase via a debit card.
Reply
Joined Dec 2004
L10: Grand Master
> bubble2 12,550 Posts
1,365 Reputation
kensteele
02-17-2022 at 03:22 PM.
02-17-2022 at 03:22 PM.
Quote from CanesFan :


That would be my guess as to why some people pay that many times. If you send the payment right away then you can't spend those funds on something else and then not have it when the bill comes. Some people don't have credit cards because of this, they'd rather not be tempted with the buy now pay later method and run the risk of racking up the debt, they'd rather just have money that they actually have available deducted for every purchase via a debit card.
got it; i understand that's the explanation. but it's never been the case, it's just a feel good method. no one who has ever implemented this "method" have actually saved themselves from debt; there's nothing economic about this, it's all mechanics. why not pay your credit card bill on a monthly auto pay with a second checking account (which you don't have a debit card or cheques) and then use your primary checking account to auto transfer funds weekly or manually daily to that second checking account if you need to get the money out and away from you in case you spend it?

i guess i don't buy it because more often the story is the excuse to use a debit card for everything instead of a credit card. i have been told they have no desire for 1%, 2%, 3% cash back, airline miles, any type of credit card perks because they would rather avoid the "inevitable" interest, late payment, and prospect of racking up debt. in reality, instead they deal with insane overdraft fees, maintenance/minimum fees, and have no credit history. for the average person, it is literally impossible to properly manage a modern checking account with that amount of activity without dealing with human errors and/or the system issues and the built-in "cheats" and hurdles that banks use to get at your money.
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,821 Posts
304 Reputation
nyc10036
02-17-2022 at 07:48 PM.
02-17-2022 at 07:48 PM.
Quote from kensteele :
got it; i understand that's the explanation. but it's never been the case, it's just a feel good method. no one who has ever implemented this "method" have actually saved themselves from debt; there's nothing economic about this, it's all mechanics. why not pay your credit card bill on a monthly auto pay with a second checking account (which you don't have a debit card or cheques) and then use your primary checking account to auto transfer funds weekly or manually daily to that second checking account if you need to get the money out and away from you in case you spend it?

i guess i don't buy it because more often the story is the excuse to use a debit card for everything instead of a credit card. i have been told they have no desire for 1%, 2%, 3% cash back, airline miles, any type of credit card perks because they would rather avoid the "inevitable" interest, late payment, and prospect of racking up debt. in reality, instead they deal with insane overdraft fees, maintenance/minimum fees, and have no credit history. for the average person, it is literally impossible to properly manage a modern checking account with that amount of activity without dealing with human errors and/or the system issues and the built-in "cheats" and hurdles that banks use to get at your money.
Doing it this way doesn't eliminate the fundamental problem --- buying something that is a "want" and not a "necessity".


.
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,821 Posts
304 Reputation
nyc10036
02-17-2022 at 07:48 PM.
02-17-2022 at 07:48 PM.
Quote from CanesFan :
I got mine in the next billing cycle after purchasing the $1,000 threshold.
Thanks.
Reply
Joined Apr 2020
L6: Expert
> bubble2 1,393 Posts
144 Reputation
indelible
02-21-2022 at 11:35 AM.
02-21-2022 at 11:35 AM.
Quote from kaveh2k :
I'll stick to my fidelity 2% card lol

Well of course, why take a hard inquiry for only $200 if you don't need a 2% card
Reply
Joined Jun 2017
L6: Expert
> bubble2 1,816 Posts
74 Reputation
bestdeal113
02-27-2022 at 01:02 PM.
02-27-2022 at 01:02 PM.
This sounds better than Citi Double Cash card and Chase Freedom Unlimited? Considering one…
1
Reply
Last edited by bestdeal113 February 27, 2022 at 01:06 PM.

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Joined Sep 2011
> bubble2 2,834 Posts
602 Reputation
Icemonkey
03-03-2022 at 05:15 PM.
03-03-2022 at 05:15 PM.
Anyone with this card also do a new checking account sign up bonus after opening up a cc card?

Wondering if I can use fidelity or PayPal xfer to qualify for the 500 dollar direct deposit requirement
Reply
Joined Sep 2021
L6: Expert
> bubble2 1,340 Posts
309 Reputation
Wyvern1
03-30-2022 at 08:22 PM.
03-30-2022 at 08:22 PM.
any fx fees on this?
Reply
Joined Aug 2009
L6: Expert
> bubble2 1,230 Posts
63 Reputation
crimsonroses
03-30-2022 at 11:15 PM.
03-30-2022 at 11:15 PM.
Quote from qwertyaas :
Any chance to switch my Propel to this?
how is this card better?
Reply
Joined Jul 2007
L8: Grand Teacher
> bubble2 3,966 Posts
817 Reputation
qwertyaas
03-31-2022 at 07:18 AM.
03-31-2022 at 07:18 AM.
Quote from crimsonroses :
how is this card better?

Not saying it's better. But Propel overlaps with my other cards.
Reply
Joined Aug 2009
L6: Expert
> bubble2 1,230 Posts
63 Reputation
crimsonroses
04-02-2022 at 12:01 PM.
04-02-2022 at 12:01 PM.
Quote from poots :
Read the fine print on the Cell Phone Protection - it specifically does not cover "Electronic Damage" such as electronic failure of the phone or a failed battery.

Practically speaking it looks like the Cell Phone Protection is only applicable for thefts or physical damage that impacts the operation of the phone.

Additionally the protection plan only covers *after* you file with your personal *primary* form of loss protection (such as homeowners insurance, renters insurance, etc). If you have an existing policy that covers your phone already, this protection plan can only be used to cover the cost of the deductible of your existing loss protection.

Also note that the clam is limited to $600 per incident, up to twice within a 2 month period (less $25 deductible per incident). $600 is not enough to cover replacement many high-end phones that seem to start around the $700-800 range these days.

If, like me, you were thinking about getting this card for the Cell Phone Protection benefits, you will need to consider these terms carefully. For me I didn't think it was worth it.
Then what did you use for cell phone protection? I have 2 pixel 6's and a galaxy ultra s22 I want to use this on.
Reply
Joined Sep 2013
L2: Beginner
> bubble2 47 Posts
14 Reputation
iamagooddealseeker
04-03-2022 at 01:36 PM.
04-03-2022 at 01:36 PM.
Applied and got a ridiculous low spending limit of 1500. Pretty sure it was some kind of mistake since it was instaneously auto approved. What's the best recourse to get a meaningful limit?
Reply
Joined Apr 2005
L10: Grand Master
> bubble2 9,336 Posts
1,596 Reputation
CanesFan
04-04-2022 at 07:55 AM.
04-04-2022 at 07:55 AM.
Quote from Wyvern1 :
any fx fees on this?
Yes, they charge a foreign currency conversion fee (3%).
Reply

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Joined Apr 2005
L10: Grand Master
> bubble2 9,336 Posts
1,596 Reputation
CanesFan
04-04-2022 at 07:59 AM.
04-04-2022 at 07:59 AM.
Quote from iamagooddealseeker :
Applied and got a ridiculous low spending limit of 1500. Pretty sure it was some kind of mistake since it was instaneously auto approved. What's the best recourse to get a meaningful limit?
I believe your initial instant approval limit is low but then it gets upped. Not sure how long it takes but I remember reading the wording used on my initial limit and that's what it sounded like, then sure enough it was upped quite a bit maybe a week or two later.
Reply
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