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If you’re looking for a cash back credit card with high rewards, you have another option. The Wells Fargo Active Cash® Card will offer 2% cash back and a nice cash signup bonus. Plus, it’s also one of the first new cards the bank is launching.

Wells Fargo Active Cash Features

The Wells Fargo Active Cash® Card is one of the best options for a flat-rate cash back credit card.

Here are the card’s key benefits:

  • Earn unlimited 2% cash rewards on purchases
  • $0 annual fee
  • Free cell phone protection
  • Access to Visa Signature Luxury Hotel Collection

The 2% cash back rate is one of the highest for similar cash back cards. Many fixed-rate cards award up to 1.5% back.

There isn’t an annual fee but there is a foreign transaction fee of 3%.

Learn More: Cash Back Credit Cards

Cash Redemption Options

There are several ways to redeem the purchase rewards:

  • Cash statement credits
  • Wells Fargo ATM withdrawals using a debit card or ATM card (in $20 increments)
  • Direct deposit into a Wells Fargo savings or checking account
  • Apply towards recent card purchases

This will likely be one of the best Wells Fargo credit cards.

Cell Phone Protection

Like some of Wells Fargo’s other credit cards, the Active Cash Card offers complimentary cell phone protection benefits. You can qualify by paying your monthly cell phone bill with this card.

Protection benefits include up to $600 in coverage per claim after a $25 deductible. Cardholders can make up to two claims per year.

Related: 7 Best Business Credit Cards for Cell Phones

There are also security features that come with the Active Cash Card, like voice verification and extra security when digitally signing onto your account.

$200 Signup Bonus

New Wells Fargo Active Cash® Card cardholders can earn a $200 cash rewards bonus by making at least $1,000 in purchases during the first 3 months. These bonus cash rewards will show as redeemable within 1 – 2 billing periods after they are earned.

Learn More: Cash Back Credit Cards

Visa Signature Benefits

This is the first of the revamped Wells Fargo Visa credit card suite and is a Visa Signature product.

One travel benefit is access to the Visa Signature Luxury Hotel Collection which lets guests enjoy premium perks like complimentary breakfast and on-site food and beverage credits.


If you want an improved cash rewards credit card, The Wells Fargo Active Cash® Card makes it easy to earn and redeem rewards. The $200 cash signup bonus, cellphone protection, and no annual fee are nice perks too. But, if you want a bit more out of your card, consider some of the best rewards credit cards instead.

Learn More: Cash Back Credit Cards

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