Wells Fargo Active Cash
By Alex Compton · Last verified
2% cash rewards with no annual fee, plus phone protection with specific coverage rules
Welcome Bonus
$100
≈$100 value
Spend Requirement
$500
in 3 months
Annual Fee
$0
3% FTF
Credit Score
No
published score guarantees approval; Wells Fargo reviews creditworthiness and application information
Current offer note: $100 cash rewards after $500 in net purchases posted within three months; existing/recent Active Cash ownership may affect introductory-offer eligibility.
Common Questions
What is the current Wells Fargo Active Cash bonus?
The public offer verified October 23, 2026 is $100 after $500 in net purchases post within three months. Earlier $200 offers are historical.
Does Active Cash have an annual or foreign transaction fee?
There is no annual fee. The foreign transaction fee is 3%, which exceeds the 2% purchase-rewards rate.
Is a 670 credit score enough for approval?
No score guarantees approval. Wells Fargo reviews creditworthiness and application information, and recent Wells Fargo card openings may affect eligibility.
When does Active Cash phone protection start?
The first day of the calendar month after the full wireless bill payment posts to the card. Continuing coverage requires the monthly bill payments.
Does the phone benefit cover any lost or cracked phone?
No. Unexplained loss and cosmetic-only damage are excluded. Covered claims have a $25 deductible and limits of $600 per claim, two paid claims and $1,200 per 12 months.
Are balance transfers free during the 0% APR period?
No. Transfers within the introductory 120-day period cost the greater of $5 or 3%. The 12-month APR period starts at account opening, not at the transfer date.
Is the rental-car benefit primary insurance?
It is secondary in the U.S. and primary where available abroad. Country, vehicle, duration and payment restrictions apply, and it is not liability insurance.
Can I switch to Active Cash and receive the welcome bonus?
Wells Fargo says a product switch does not receive a new-account bonus or new introductory APR. A new application is subject to separate approval and introductory-offer eligibility rules.
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Consider waitingThis card has offered $200 before; the current $100 is below its typical $150. Elevated offers have appeared 1 time in the last two years of our data, so if you can wait, history is on your side.
Current offer
$100
All-time high
$200
Typical offer
$150
In place since
September 2026
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-10-23 | $100 | $500 in 3 mo | Terms reconfirmed$100 cash rewards after $500 in net purchases posted within three months; existing/recent Active Cash ownership may affect introductory-offer eligibility. | Wells Fargo Active Cash product page and offer terms → |
| 2026-09-04 | $100 | $500 in 3 mo | Bonus decreased: $200 → $100$100 public offer, down from $200; 48-month product-bonus restriction applies | Wells Fargo Active Cash product page and offer terms → |
| 2026-01 | $200 | $500 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2021-07 | $200 | $500 in 3 mo | Earliest recordLaunch | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- changed
Reconfirmed $100 after $500 in three months, 2% rewards, no annual fee and 3% foreign fee. Added sourced approval, intro-APR, phone and rental coverage review; corrected related benefit/comparison/keeper summaries. Preserved prior offer history.
Fields: currentOffer, offerHistory, lastVerified, creditScore, tagline, earningRates, benefits, pros, cons, ourTake, bestFor, editorialReview
Wells Fargo current product, credit terms and benefit guide → - confirmed
Verified guide annual fee, ongoing earning summary and stated limitations. This is a scoped guide check, not a full review or welcome-offer reverification; existing card verification date is preserved.
Official issuer page: best-credit-cards guide check → - changed
Recorded the public bonus decrease from $200 to $100 and added current introductory APR and protection terms.
Fields: currentOffer, offerHistory, benefits, pros, cons, ourTake, lastVerified
Wells Fargo Active Cash product page and offer terms →
Source checked 2026-10-23 · spot an outdated offer? Report a correction above.
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Earning Rates
- 2%Eligible net purchasesNo rotating categories; excludes balance transfers, cash equivalents, fees, interest and other excluded transactions
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦Phone protection up to $600 per claim with a $25 deductible; maximum two paid claims and $1,200 per 12 months, subject to payment timing and exclusions
- ✦0% introductory APR for 12 months from account opening on purchases and eligible transfers requested within 120 days; transfer fees apply
- ✦Rental-car collision/theft coverage is secondary in the U.S. and primary where covered abroad, with vehicle, country and rental-duration exclusions
Why it earns its spot
- +Unlimited 2% on eligible purchases without category activation
- +No annual fee
- +Phone protection when the full monthly bill is paid with the card and coverage conditions are met
Where it costs you
- −3% foreign transaction fee exceeds the 2% rewards rate
- −Balance transfers carry a fee even during the 0% introductory period
- −Phone coverage excludes unexplained loss, cosmetic-only damage and other listed situations
The Compound Verdict
Active Cash is a useful baseline for domestic spending when you pay in full and want simple cash rewards. Phone protection can help, but compare any wireless autopay discount you would lose by paying with a credit card. A 3% foreign transaction fee makes this a weak choice for foreign purchases, and borrowing costs can outweigh the rewards. The current $100 bonus is lower than earlier $200 observations; choose based on the continuing value, not a historical offer.
What 2% rewards are worth after costs
Active Cash earns 2% cash rewards on eligible net purchases with no annual fee or rotating-category activation. Spending $1,000 a month would earn about $240 a year before fees or interest. The 3% foreign transaction fee changes the calculation: a $1,000 eligible foreign purchase produces about $20 in rewards but $30 in fees. Cash advances, balance transfers, fees, interest and cash equivalents do not earn ordinary purchase rewards. If you carry a balance, compare borrowing costs before rewards.
Current rewards, annual fee and foreign-transaction feeThe current bonus is $100, not the earlier $200 offer
The public offer checked October 23, 2026 is $100 after $500 in net purchases post within three months of account opening. Returns and credits reduce qualifying spending. The older $200 entries below are historical observations, not the current offer. Wells Fargo’s product disclosure says bonus rewards become redeemable within 60 days after they are earned; the detailed terms describe posting within one to two billing periods. Switching an existing Wells Fargo card to Active Cash does not provide a new-account bonus or new introductory APR.
Welcome bonus, posting and product-switch termsApproval odds and introductory-offer eligibility
A 670 score is not an approval guarantee or an issuer-published cutoff. Wells Fargo may review credit, employment and income history along with the application. Opening another Wells Fargo-branded consumer credit card in the last four months may affect eligibility for an additional card. Separately, holding Active Cash now or having opened it within the previous 48 months may make you ineligible for introductory APRs, fees or bonus offers, even if that account is closed. These are distinct restrictions; approval does not establish bonus eligibility.
Application review and four-/48-month restrictionsThe 0% period still has transfer fees and a deadline
The introductory APR lasts 12 months from account opening on purchases and qualifying balance transfers; transfer requests must be made within 120 days. The introductory transfer fee is the greater of $5 or 3%, then up to 5% with a $5 minimum. A $3,000 transfer at 3% adds $90 immediately. Moving a balance later does not restart the 12-month clock. Wells Fargo and affiliate balances are ineligible, transfers depend on available credit including fees, and processing takes about two weeks. The current post-intro variable APR tiers are 18.74%, 24.74% or 28.74%, depending on creditworthiness.
Introductory APR, transfer fees and restrictionsHow phone protection starts and what it covers
Pay the full monthly wireless bill with Active Cash. Coverage begins on the first day of the calendar month after the bill payment posts; missing a month suspends coverage for the following month. Eligible phone lines must appear on the bill. Coverage is supplemental, with a $25 deductible, a maximum $600 per claim and a combined limit of two paid claims and $1,200 per 12 months. Unexplained loss and damage that is only cosmetic are excluded. Notify the administrator within 60 days of loss or as soon as reasonably possible, and submit required documents within 120 days.
Phone payment timing, exclusions and claim limitsRental coverage differs inside and outside the U.S.
For an eligible rental, pay the entire rental cost with the card and/or its associated rewards and decline the rental company’s collision coverage. The benefit is secondary in the U.S. and primary outside the U.S. where available, up to $50,000. Rentals are limited to 15 consecutive days in the U.S. or 31 abroad. Israel, Jamaica, the Republic of Ireland and Northern Ireland are excluded, as are certain vehicles and person-to-person car sharing. This covers eligible rental-car damage or theft; it does not provide liability or personal-injury insurance. Assistance referrals do not mean medical or transport bills are paid.
Rental-car coverage and assistance-service limitsRedeeming cash rewards
Wells Fargo lists redemption to eligible credit or deposit accounts, gift cards, travel and other options. The product page also lists redemption against eligible past purchases as small as $1. Cash rewards do not expire while the credit-card account stays open, but that is not a promise that rewards survive every account closure. Check the available redemption options before closing an account. Treat the 2% purchase rate as cash rewards; do not assume this card itself grants every transfer option available on another Wells Fargo product.
Reward redemptions and account-open expiration ruleWhen the phone benefit is worth using
Check your wireless carrier’s payment-discount rules before moving the bill. As an illustration, a $100 monthly bill earns $2 at 2%; losing a $10 monthly autopay discount to use the card would cost $8 a month before valuing insurance. Coverage may still be useful, but that is a choice about your risk and existing insurance, not free money. For everyday purchases, compare this card with a higher category rate you already have. For foreign purchases, compare a card without a foreign transaction fee.
Phone-coverage payment requirements; illustrative cost comparisonReview details and sources updated 2026-10-23
This scoped update covers fees, benefit rules and application guidance. The offer record retains its separate verification date.
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