Welcome to our detailed guide on the Wells Fargo Active Cash Credit Card. If you’re considering this credit card or are a new cardholder, this post will walk you through the esse
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Introductory APR – A Warm Welcome
The Wells Fargo Active Cash Credit Card offers an attractive introductory APR of 0.00% for the first 15 months on purchases and balance transfers. It’s a great way to save on interest in the initial period after you open your account. Remember, after the honeymoon period, the APR adjusts to a rate based on your creditworthiness, ranging from 20.24% to 29.99%.
Fees – Keeping Costs in Check
One of the card’s perks is its no annual fee feature, which is excellent for keeping costs down. However, be mindful of other fees that can accumulate:
- Balance Transfer Fees: There’s an introductory fee for balance transfers made within the first 120 days. Afterward, the fee goes up, so plan your transfers accordingly.
- Cash Advances: Need cash in a pinch? It’ll cost you either $10 or 5% of the amount of each cash advance, whichever is greater.
- Foreign Transactions: For globetrotters, there’s a 3% fee on transactions made abroad, so budget for that on your travels.
- Late Payments: Late on a payment? That could cost you up to $40, so it’s best to stay punctual.
The Fine Print – What You Need to Know
- Overdraft Protection: If you opt-in, interest on overdraft protection advances starts accruing immediately.
- Credit Limit: The minimum credit limit is set at $1,000, which is a decent starting point for most users.
- Rewards Program: Earn a $200 cash rewards bonus after spending $500 in net purchases in the first three months. It’s a sweet deal if you plan your spending right.
Rewards – Cash Back on Every Purchase
The rewards program is straightforward: earn cash rewards on purchases, with certain exclusions like cash advances and equivalent transactions. The best part? These rewards don’t expire as long as your account remains open.
Extra Protections – More Than Just Spending Power
- Cellular Telephone Protection: Pay your monthly wireless bill with your card and receive supplemental insurance for your cell phone, which can be a lifesaver if your phone is damaged or stolen.
Legal Bits – State-Specific Provisions
Residents of Ohio and Wisconsin, take note: there are specific state laws that apply to you, which are outlined in the card’s terms and conditions.
In Closing
The Wells Fargo Active Cash Credit Card is packed with features that can benefit you, from cash rewards to protective measures. Just remember to keep an eye on the fees and the changing APR after the introductory period.
For more information, visit the official Wells Fargo Active Cash Card Terms and Conditions page or check out the Consumer Credit Card Customer Agreement and Disclosure Statement.
This post is for informational purposes only. Please ensure you read and understand the latest terms and conditions from Wells Fargo before making any financial decisions.
