Chip Lupo, Credit Card Writer
@CLoop
Yes, you can carry a balance on the Wells Fargo Active Cash® Card, which allows you to pay off your purchases and other transactions over time. There is a minimum monthly payment you must make, and you can carry the remaining balance. Keep in mind that carrying a balance may not always be the best idea, as it leads to interest charges.
Key Things to Know About Carrying a Balance on the Wells Fargo Active Cash
- Carrying a balance allowed? Yes
- Minimum monthly payment: Any past-due amount, plus either $25 or 1% of the new balance (including any interest and fees), whichever is higher.
- Regular APR: 18.74%, 24.74%, or 28.74% Variable
- Cash advance APR: Refer to Rates & Fees
- Introductory APR on purchases: 0% for 12 months from account opening
- Introductory APR on balance transfers: 0% for 12 months from account opening on qualifying balance transfers
- Balance transfer fee: 3% intro for 120 days from account opening, then up to 5% (min $5)
If you want to calculate how long it will take to pay off a balance with a certain monthly payment, or how much of a payment you will need to make to pay off your card in a certain amount of time, you can check out WalletHub’s free credit card payoff calculator.
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People also ask
What is the Wells Fargo Active Cash card minimum payment?
The Wells Fargo Active Cash minimum payment is any past-due amount, plus either $25 or 1% of the statement balance (including any interest and fees) - whichever is higher. If the statement balance is less than $25, the Wells Fargo Active Cash minimum payment will be equal to the balance. In addition, if you recently missed a payment, Wells Fargo may add a late fee to your minimum payment.
The minimum payment is the smallest amount you’re required to pay...
read full answer by James W Reed, Credit Cards ModeratorWhat is the Wells Fargo Active Cash credit limit?
The Wells Fargo Active Cash Card credit limit is $1,000 or more. Everyone who gets approved for Wells Fargo Active Cash is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
The Wells Fargo Active Cash Card credit limit that you start with isn't necessarily your credit line forever. You can ask to get a credit limit increase by...
read full answer by Maria Adams, Credit Cards ModeratorIs the Wells Fargo Active Cash Card a credit card?
Yes, the Wells Fargo Active Cash® Card is a credit card. The Wells Fargo Active Cash Card has an annual fee of $0, works wherever Visa is accepted, reports to the credit bureaus, and allows you to pay off purchases over time. There are quite a few important things to know about the card before you apply, though.
Key Facts About the Wells Fargo Active Cash Card
- Issuer: Wells Fargo
- Network: Visa
- Credit requirement: Good credit
- Annual fee: $0...
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