To get the Wells Fargo Active Cash Card sign-up bonus, you must spend $1,000 within the first 3 months of opening an account. The Wells Fargo Active Cash bonus is $200.
Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Wells Fargo Active Cash, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.
In addition to the sign-up bonus, the Wells Fargo Active Cash offers 2% cash rewards on purchases. Its annual fee is $0, and you need good credit to get approved for the card.
To get the Wells Fargo $200 Cash Rewards bonus, you have to get approved for the Wells Fargo Active Cash® Card and spend $1,000 within the first 3 months from account opening. Keep in mind that Wells Fargo Active Cash requires at least good credit.
In addition to its $200 Cash Rewards bonus, Wells Fargo Active Cash features a $0 annual fee and offers 2% cash rewards. And your cash rewards don’t expire as long as you keep your Wells Fargo Active Cash account open.… read full answer
Key Things to Know About the Wells Fargo Initial Bonus
The Wells Fargo credit card initial bonus is redeemable within 1 -2 billing cycles after it is earned.
Certain transactions such as cash advances and equivalents, balance transfers, along with fees and interest of any kind do not go toward earning you the initial bonus.
If you opened a Wells Fargo credit card 15 months from the date of your application and received introductory APR(s), fees, and/or bonus rewards, you may not be eligible for the initial bonus and/or introductory APR(s) and fees.
It’s also worth noting that there is one more Wells Fargo credit card offering a good bonus, the Wells Fargo Autograph℠ Card. This card gives 20,000 points for spending $1,000 in the first 3 months. Plus, cardholders get good on purchases. There are also several more credit cards with a $200 bonus, from different issuers, like Chase Freedom Flex℠.
There are three different types of credit card rewards: points, miles and cash back. Rewards credit cards are also targeted to three main groups: students, small business owners and people with above-average credit.
Although there are differences between credit card rewards currencies and the ways in which credit card companies dole them out to different groups, the major types of credit card rewards all work pretty much the same way. You’ll earn rewards for every purchase you charge to the card – sometimes at a flat rate on all purchases, and other times with earning rates that vary by spending category. It’s also possible to earn rewards for doing things like spending a certain amount in the first few months, referring a friend or adding an authorized user.… read full answer
Co-branded cards are different from store cards, which are issued by banks but are not linked to any of the major card networks. This means store cards only let you make purchases and earn rewards with whichever retailer is associated with the card.
Credit cards with rewards points generally give at least 1 point per $1 spent. You can redeem points for hotel stays and other travel expenses, statement credits, gift cards or merchandise, depending on the card. Points cards are sometimes affiliated with hotel chains.
Credit cards with miles are travel oriented, often affiliated with a specific airline. Rewards typically start at 1 mile for every $1 you spend. Miles can be redeemed for airfare, other travel expenses, gift cards, cash or merchandise. Cards co-branded with a particular airline may reward you with seat or room upgrades, early boarding on flights, free checked bags and more.
Credit cards with cash back rewards return a portion of each purchase cardholders make, usually at least 1%. You can redeem cash rewards as a check, direct deposit to your bank account or statement credit, depending on the card. Some cash back rewards can also be redeemed for gift cards and merchandise through the issuer’s online rewards mall.
You’ll need good or excellent credit to qualify for the best rewards credit cards. Many also come with annual fees to offset the costs of their rewards programs. And some cards offer sign-up bonuses that require meeting a minimum initial spending requirement.
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.
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