I’m considering the Wells Fargo Active Cash® Card because of the 2% cash back on everything and the sign-up bonus. Has anyone here used it? Is the 2% cash back worth it, and how does it compare to cards like the Citi Double Cash or Capital One SavorOne?
I’ve been using the Wells Fargo Active Cash for about 6 months now, and the 2% cash back on everything is awesome. It’s simple, no need to think about categories. Plus, the $200 sign-up bonus after spending $500 is a nice little perk.
@Fredrick
That’s what I was thinking. I like the simplicity of 2% on everything compared to keeping track of bonus categories. How are you finding the redemption options?
Caelan said:
@Fredrick
That’s what I was thinking. I like the simplicity of 2% on everything compared to keeping track of bonus categories. How are you finding the redemption options?
The redemption is pretty flexible. I’ve used it as a statement credit and also pulled out cash from a Wells Fargo ATM. If you bank with them, it’s even easier to manage your rewards.
I agree the 2% back is solid. I also use the Citi Double Cash, which offers a similar 2% back (1% when you buy and 1% when you pay). If you’re planning on transferring a balance, the Citi Double Cash has a longer 0% intro APR for 18 months, which might be useful.
@Grayer
Interesting. I hadn’t really thought about balance transfers, but that’s good to know. Do you feel like the Citi Double Cash has better overall value?
Caelan said:
@Grayer
Interesting. I hadn’t really thought about balance transfers, but that’s good to know. Do you feel like the Citi Double Cash has better overall value?
They’re pretty close. It really depends on how you plan to use it. I think if you’re just looking for straight 2% cash back and don’t care about the extra perks, either card works. The Wells Fargo card has a better sign-up bonus, so if you’re opening a new card, it might be the better deal upfront.
One thing to consider: the Wells Fargo Active Cash has a foreign transaction fee, so if you travel internationally, it might not be the best option. I also have the Capital One SavorOne for dining and groceries, which doesn’t have a foreign transaction fee, so I switch between the two.
@DanielKelvin2
Good point about the foreign transaction fees. I don’t travel internationally often, but it’s something to keep in mind if I do.
I’ve found the Active Cash really helpful for day-to-day spending. No annual fee and decent perks like cell phone protection. Just make sure to pay your bill with the card to take advantage of it.
Adrian said:
I’ve found the Active Cash really helpful for day-to-day spending. No annual fee and decent perks like cell phone protection. Just make sure to pay your bill with the card to take advantage of it.
Yeah, the cell phone protection is another thing I like about it. I didn’t know it’s up to $600 for damage or theft, which is nice.