I Get 2% Back on Every Purchase With No Annual Fee. Here's the Card I Use to Do It
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If you're as tired as I am of jumping through hoops for your credit card rewards, I've found a simple solution: the Wells Fargo Active Cash® Card (rates and fees).
It's my favorite card in my wallet, and for good reason. It gives me unlimited 2% cash rewards on all purchases -- $0 annual fee, no rotating bonus categories, and no hoops to jump through.
Here's why I keep reaching for it -- and why it might be worth a spot in your wallet, too.
A straightforward $200 bonus
Right off the bat, one of the biggest perks of the Wells Fargo Active Cash card is its easy-to-earn welcome bonus. You'll earn $200 cash rewards just by spending $500 on purchases in your first 3 months.
There's no need to activate the bonus or hit special spending categories, either. Just use your card as you normally would, and before long the $200 cash bonus will get automatically added to your account.
Ready to earn an easy $200? Apply for the Wells Fargo Active Cash® Card and start working toward the welcome bonus today.
2% cash rewards on all purchases -- no ifs, ands, or buts
What really sets this cash rewards card apart, though, is the flat 2% cash rewards on all purchases. Again, there are no rotating categories and no caps on how much you can earn -- just solid, consistent rewards every time you use your card.
Your redemption options are just as great: you can redeem as a statement credit or turn your rewards into a cash deposit that goes right into your Wells Fargo account. I prefer the latter, since it feels like giving myself a mini-paycheck just for using my card.
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Intro APR 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 12 months from account opening
Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers
Regular APR
19.24%, 24.24%, or 29.24% Variable APR
Rewards Earn unlimited 2% cash rewards on purchases.
2% cash rewards
Annual Fee
$0
Welcome Offer Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
$200 cash rewards
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This card’s unlimited 2% cash rewards on purchases is the highest we’ve seen for a flat-rate rewards card with no annual fee. It also has an incredibly easy-to-earn $200 welcome bonus and a decent intro APR offer. We simply haven’t come across this combination of top perks in one card before.
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- Unlimited 2% cash rewards
- Long 0% intro APR offer
- Generous cash rewards welcome bonus
- No annual fee
- Cellphone protections
- No bonus categories
- Foreign transaction fees
- Balance transfer fee
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- Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.24%, 24.24%, or 29.24% variable APR thereafter; 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.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
0% intro APR and other benefits
The Wells Fargo Active Cash® Card also comes with a 0% intro APR for 12 months from account opening on qualifying balance transfers and purchases. This is especially useful if you're planning a large expense or want to transfer a balance from another card.
If you transfer a balance, there's a balance transfer fee of 3% for 120 days from account opening, then up to 5%, min: $5, so you'll factor that into your decision. Still, a long 0% intro APR along with a 2% cash rewards rate is a formidable combo.
It also comes with a few other solid perks, including:
- Cellphone protection (up to $600 if you pay your bill with the card; a $25 deductible applies)
- Visa Signature® benefits, including travel and emergency assistance
What are you waiting for?
If you want a card that offers 2% cash rewards on everything, charges no annual fee, and has an easy
$200 bonus you can earn, the Wells Fargo Active Cash® Card is the card for you.
Credit card welcome offers like this can change, though, and once they do they're often gone for good. If the Wells Fargo Active Cash® Card sounds like a fit, we recommend applying today to land the welcome offer while it's still up for grabs.
Our Research Expert
Ryan is a full-time Personal Finance Writer at Motley Fool Money. He’s been covering topics like credit cards and savings since 2022, focusing on helping people who are new to the world of personal finance.