Earn A $200 Cash Rewards Bonus
Wells Fargo is offering a $200 cash rewards bonus when you spend $500 in purchases in the first 3 months with their Wells Fargo Active Cash® Card. Earn unlimited 2% cash rewards on purchases. Low annual fee.
Card Features:
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Edited August 26, 2026
at 07:50 AM
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Wells Fargo is offering a $200 cash rewards bonus when you spend $500 in purchases in the first 3 months with their Wells Fargo Active Cash® Card. Earn unlimited 2% cash rewards on purchases. Low annual fee.
Card Features:
Slickdeals may be compensated by partners, which may impact the placement of offers on the page.
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But don't they require you to cash out into a Wells Fargo account? That's what I recall a couple years ago when I considered getting their card. I stuck with Citi's 2% because I could cash out any amount into any bank account.
You can cash out any amount for a statement credit to the card (min $0.01) -- if you want a mailed check then its in $25 increments
They also put some gift cards on sale from time to time (min $25 worth) -- some are 10% off right now
If you had $500 in purchases then you would get $10 cash back + $200 sign up bonus = $210 in rewards -- you could:
1) buy up to $225 GCs on sale for $202.50 and remaining $7.50 as statement credit
2) $210 statement credit
3) $200 check and $10 statement credit
You can cash out any amount for a statement credit to the card (min $0.01) -- if you want a mailed check then its in $25 increments
They also put some gift cards on sale from time to time (min $25 worth) -- some are 10% off right now
If you had $500 in purchases then you would get $10 cash back + $200 sign up bonus = $210 in rewards -- you could:
1) buy up to $225 GCs on sale for $202.50 and remaining $7.50 as statement credit
2) $210 statement credit
3) $200 check and $10 statement credit
Card is now a back up card to use on sketchy purchases. May cancel it, not sure yet.
Just signed up for the Capital One deal that is about the same as this (spend $500 in 3 months, get $200, but is only 1.5% cash back). Will cancel this card once money is received.
Card is now a back up card to use on sketchy purchases. May cancel it, not sure yet.
Just signed up for the Capital One deal that is about the same as this (spend $500 in 3 months, get $200, but is only 1.5% cash back). Will cancel this card once money is received.
If you close an old account, it has big impact
Also your balance on cards makes a difference in credit utilization.
If I have $20,000 over 4 cards with a 5,000 balance, I am using 1/4 of my available credit. If I drop one card with a $5,000 limit, I am now using 1/3 of my credit limit, which looks bad.
I don't care if my score drops. I don't need credit. My credit history is older than many here (my oldest card I have had for over 30 years). I just use it occasionally for things like this.
I carry no debt, so my credit utilization is 0.
If I have $120,000 credit available over 4 cards or $100,000 over 3 cards , I am still using 0% of my credit.
I am cancelling a new card, no real effect on that part either.
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Further, Amex has a card that earns 2x MR points on everything- which if you travel at all is ALSO worth more than 2% cash.
Likewise Chase has one earning 1.5x UR on everything- which again if you travel is ALSO worth more than 2% cash.
$200 for a $500 spend is a perfectly decent signup bonus if you can't afford the higher spend on the larger bonuses- but as an actual card for ongoing use this one is pretty meh compared to other options.... and even THEN there's better $500 spend card signups right now from Chase for example-- which offers 20,000 UR points (which is $200 cash, but again potentially more than that if you travel much) plus 5% back on groceries for a year on 2 different cards (and you can get both- and both also offer bonuses in other categories too)
Now, if you NEVER travel.... well, I'd still take $200 plus 5% back on groceries all year before this one... and it'd give you more reason to obtain BoA status to get their 2.625% on everything option too...
Hey dude, I know this post is over a year old but question for you if you see this.
I have very good credit but haven't traveled in forever... what Amex would you recommend for me if I plan on traveling next year (1-2 trips a year one within US, one international) and plan on traveling more than 1-2 a year further down the road. I know nothing about the Amex world. Thanks.
I have very good credit but haven't traveled in forever... what Amex would you recommend for me if I plan on traveling next year (1-2 trips a year one within US, one international) and plan on traveling more than 1-2 a year further down the road. I know nothing about the Amex world. Thanks.
So there's a couple perspectives for this-- if you're talking cards that provide some benefit to the travel itself, that's mainly the Amex Platinum card to get access to Centurion lounges... (also gets you free Priority Pass, Clear and precheck/global entry, but many other cards do too). This isn't quite as much a slam dunk as it used to be because as of early last year they no longer let you bring in free guests, but if you're travelling alone they're still (broadly speaking) the best airport lounges.
The Plat has a high annual fee, so it's not (usually) worth keeping beyond the first year- but in that first year you can get (depending how much you use/value the various credits) most or all of the annual fee back in value, plus the signup bonus which I think is like 175k points for 8k spend these days... (so $1750 to potentially several times that when used for travel).
The other perspective is best cards for earning the MR points... SUBs are, by a large margin, the best way- so you'd want to look to churn through as many as you can support with your spending (without carrying a balance or overspending)--- typically Amex SUBs are once per lifetime (though there's exceptions) so you want to tend to go for "best" offers as they come along.... For example the Amex Everyday card is only offering 10k points for a SUB right now, but it does 25k from time to time so you'd wait for that.
Once you get through all the various SUBs (which ought to be able to rack you up at least 500k points- maybe twice that if you can also do the various business SUBs- Plus a decent number of points and free night certs for Hilton with Amex, IHG with Chase, and Marriott with both Amex/Chase depending how you do it) then it'll come down to what you tend to spend the most on....
Personally I find the Chase ecosystem better here (again after you've churned through all the chase SUBs- and you actually want to do those BEFORE Amex due to 5/24) because of the 5x earning opportunities even on free cards (vs Amex where 2x on non-category is the best you can generally do without annual fees- and the "best" annual fee earner with Amex just got refreshed in a bad way)... But "normal" point earnings as I mention is very secondary to churning through SUBs so if you're starting out it'll be at least a couple years before it's a major concern...
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There are many cards you can get 2% more Cashback for everything if you know how!...
For example, BofA Unlimited Cash Rewards credit card to give me 2.65% cashback (1.5% plus 75% more for the member)
0.75% extra when you keep $50k in BofA account(s).