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Our panel of 15 independent financial experts named Wells Fargo Active Cash® Card the Best Cash Back Credit Card of 2022.
It’s easy to see why with these perks:
Winner of our BEST CASH BACK CARD OVERALL award for 2022!
Welcome Offer $200 cash rewards bonus after spending $1000 in purchases in the first three months
Intro APR 0% intro APR, 15 months from account opening on qualifying balance transfers
Purchases: 0% intro APR, 15 months from account opening
Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers
Unlimited 2% cash rewards -- Cardholders earn an unlimited 2% cash rewards on purchases, with no categories to activate or earnings limits to track.
There are other cards that offer higher cash back rates on certain categories, and while they can be worth it, they do require more effort. And they often are also subject to a cap and limited in what purchases they apply to. The Wells Fargo Active Cash® Card is perfect for someone that wants an easy-to-use card that still offers high rewards: you’ll earn a best-in-class flat rewards right away on your purchases -- with no limits or hoops to jump through.
$200 cash rewards sign-up bonus -- New Wells Fargo Active Cash® Card holders can earn a $200 cash rewards sign-up bonus for spending just $1,000 in purchases in the first three months. Not only is this a very competitive sign-up bonus for a card with no annual fee, but it's also one of the things that sets this Wells Fargo credit card apart from other 2% back cards. We’ve yet to come across another credit card with 2% unlimited cash rewards that also has a sign-up bonus.
15-month 0% APR intro offer -- New cardholders can enjoy 0% intro APR on both new purchases and eligible balance transfers for a full 15 months. (After that period, a go-to rate of 19.24%, 24.24%, or 29.24% variable APR applies.) That's a great offer, even when compared to cards marketed just for a 0% intro APR. It means that this card will allow you to avoid interest on purchases and balance transfers until 2024!
Keep in mind that balance transfers need to be made within the first 120 days to qualify for a reduced interest rate and a lower balance transfer fee.
No annual fee -- In many cases, high rewards rates mean high annual fees. Not with the Wells Fargo Active Cash® Card, which sports a $0 annual fee.
Cell phone protection -- With the price of a typical cell phone in the hundreds of dollars, having some sort of insurance is a good idea. With this Wells Fargo card, you can get built-in cell phone protection of up to $600 just by paying your cell phone bill with your card. Coverage is subject to a $25 deductible.
Approval for the Wells Fargo Active Cash® Card is most likely for applicants with good credit, which typically means a credit score of 670 or higher. If you need help rebuilding your credit, see this page.
We believe this is one of the best cash back cards for most people. Not only will you get a lucrative unlimited flat cash rewards rate, but it also sports a hefty, easy-to-earn sign-up bonus and a highly competitive 15 month 0% intro APR offer.
Depending on what card is in your wallet today, there’s a high chance the Wells Fargo Active Cash® Card is a more lucrative upgrade -- and it could especially be an upgrade over debit cards, which have far worse fraud protections than credit cards and usually no rewards.
To apply for potential approval today and make sure you don’t miss out on your bonus, simply click here.
Credit cards with rewards & 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:
Follow this and you'll be making your money work overtime for you. Live richly, not risky.
Welcome Offer $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Purchases: 0% intro on purchases for 15 months
Balance Transfers: 0% intro on balance transfers for 15 months
Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Rewards 5% cash back in your top eligible spend category each billing cycle (up to the first $500 spent), 1% cash back on other purchases
Welcome Offer Earn $200 in cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
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