The best Wells Fargo cash back credit card is the Wells Fargo Active Cash® Card because it gives you $200 Cash Rewards. This card also offers 2% cash rewards on all purchases. Plus, cash back rewards do not expire as long as your account stays open. The card has a $0 annual fee, too.
The Wells Fargo Active Cash card even comes with an intro APR of 0% for 15 months from account opening on both purchases and qualifying balance transfers. The card’s regular APR is 17.99% - 27.99% Variable. There is, though, a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5). These features make Wells Fargo Active Cash an attractive card all-around.
Other Good Cash Back Credit Cards
Although the Wells Fargo Active Cash card is considered one of the best credit cards for cash back rewards, there are also several other good options available on the market. So, if you’re not loyal to Wells Fargo, you may want to try cards from other issuers:
Wells Fargo cash advances usually cost $10 or 5% of the amount of the withdrawn amount, whichever is greater. This cash advance fee applied every time you get a cash advance using your credit card. Wells Fargo’s cash advance APR is currently between 26.24% and 27.49%, depending on the card you have.… read full answer
Given the high costs, you should avoid cash advances. But it’s still worth knowing how to perform such a transaction and how much it will cost should you need to get one in an emergency. And the first step in being able to do a Wells Fargo cash advance is requesting a PIN from customer service.
Here’s how to get a Wells Fargo cash advance:
To get a Wells Fargo cash advance PIN, call customer service at (800) 642-4720. After that, you’ll be able to take out up to $500 in cash per day from your line of credit, up to your cash advance limit.
If you have a Wells Fargo checking account, you can link it to your credit card as overdraft protection. If your bank account balance dips below zero, you’ll get a cash advance from your credit card to cover transactions. But this isn’t a great option. You’ll pay no fee for advances of $5 or less, but you will be charged a $35 fee for advances over $5. Plus, your card’s high cash advance APR applies right away.
Here’s how to minimize the Wells Fargo cash advances cost:
At the end of the day, a Wells Fargo cash advance costs too much in fees and interest to be a good option for convenient cash. But if you do one, make sure to repay your balance as soon as possible. Unlike purchases, cash advances do not come with any grace period. Interest starts accruing as soon as you make a withdrawal, so repaying your advance as soon as possible will save you money.
You can use Wells Fargo rewards points for travel, cash back, gift cards, or merchandise. Wells Fargo rewards points are typically worth 1 cent each, depending on how they’re used. Wells Fargo also requires rewards point redemption in increments of $20 or $25, depending on the redemption method.
Newly earned Wells Fargo rewards points are available to redeem the day after your billing cycle ends. Points don’t expire as long as your account remains open, and you can save up as many as you want.… read full answer
It is also worth mentioning that there are three ways to redeem Wells Fargo points: Online, by phone, or through a Wells Fargo ATM.
Here’s how to redeem Wells Fargo rewards points:
Online: To redeem online, log in to the Wells Fargo Rewards portal and click “Use.” Then, select the type of redemption you want. If you prefer to redeem
Phone: To redeem by phone, call (877) 517-1358. These two methods require you to redeem points in $25 increments if you want gift cards or cash back. The cash back options are a check, a direct deposit, or a statement credit toward a Wells Fargo account balance. For travel and merchandise, you can redeem points up to your available rewards balance, regardless of the amount.
ATM: To redeem points for cash back at Wells Fargo ATMs, enter your PIN, and choose the rewards option. Then, select an amount in multiples of $20 (2,000 points).
You can earn Wells Fargo rewards points – officially called “Wells Fargo Rewards” points – with two cards: The Wells Fargo Rewards® Card and the Wells Fargo Visa Signature® Card. Keep in mind that transactions such as cash advances and balance transfers do not earn rewards points – only purchases do.
You’ll get the best value for your Wells Fargo rewards points if you spend them on travel, cash, statement credits, or gift cards. You may even be able to catch the occasional sale on gift cards and get them for fewer points than normal.
It's the Wells Fargo Cash Wise Visa® card if you have a good or excellent score and the Wells Fargo Cash Back College℠ Card if you're just starting & having no credit.
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