Yes, the Wells Fargo Active Cash® Card does have a late fee of up to $40, which applies when cardholders don't make the minimum payment by the due date. The late fee for the Wells Fargo Active Cash card can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.
If you accidentally make less than the required minimum payment or you miss your Wells Fargo Active Cash due date entirely, you can always ask customer service to waive the late fee by calling 800-642-4720. This is much more likely to work if you have a great payment history with Wells Fargo, but even if not, there's no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
Withdraw the cash and remove the credit card from the ATM.
Before you take out a Wells Fargo Active Cash cash advance, it’s important to note that it is a very expensive transaction. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may be ATM-owner fees, too.
Wells Fargo credit card fees include the standard array of basic charges and usage costs. Most Wells Fargo credit cards will spare you the annual fee, but will charge fees of 3% intro for 120 days, then up to 5% (min $5) for balance transfers; cash advance fees of 5% (min $10), and 3% foreign transaction fees.… read full answer
Wells Fargo also charges late payment and returned payment/check fees of up to $40. Wells Fargo does not charge application or processing fees, over limit, or monthly “maintenance” fees. You can check Wells Fargo’s list of credit card fees on your statement and in the card’s Terms and Conditions.
Here are the Wells Fargo credit card fees:
Annual fee: Most Wells Fargo credit cards benefit from $0 annual fees.
Balance Transfer: 3% intro for 120 days, then up to 5% (min $5) for most Wells Fargo credit cards. The Hotels.com Credit Card charges 5% (min $5) and the Wells Fargo Rewards® Card has a 3% (min $5) balance transfer fee.
Cash Advance: 5% (min $10). Applies to most Wells Fargo cards.
Foreign Transaction Fee: 3% of all transactions outside of the U.S. or through an internationally based merchant. Applies to all Wells Fargo credit cards, but the Hotels.com Credit Card which features a $0 foreign transaction fee.
Late Payment and Returned Payment/Check Fees: Up to $40.
Fees are the cost of doing business when you have a Wells Fargo credit card. How much they’ll affect you depends on how you use the card. You can avoid balance transfer and cash advance fees simply by not making those transactions.
Use your Wells Fargo card responsibly, and you’ll not get hit with late payment or returned check fees. And make sure you take a look at the best Wells Fargo credit cards and pick one whose rewards suit your spending habits.
The best time to pay a credit card bill is a few days before the due date, which is listed on the monthly statement. Paying at least the minimum amount required by the due date keeps the account in good standing and is the key to building a good or excellent credit score. That’s true for everyone, but some people might want to take things a step further, particularly cardholders carrying balances from month to month and people with high credit utilization.… read full answer
If you have a credit card balance that you carry from month to month, it’s best to pay that credit card’s bill as soon as the monthly account statement becomes available. This will save you money on interest. Paying the card’s monthly bill in full for two consecutive months will also reduce your interest charges by reinstituting your account’s grace period. Instead of purchases beginning to accrue daily interest charges right after you make them, you will have a window between when your monthly statement becomes available and when your bill is due to pay with no interest.
If the balance listed on your monthly credit card statements consistently equals more than 30% of the card’s credit limit, consider paying your bill multiple times per month. Paying once in the middle of the month and again before the due date will reduce the balance listed on your statement. That, in turn, will lower your credit utilization, which should help your credit score.
Here’s a quick example: You have a credit card with a limit of $1,000. You charge $500 to it, using up 50% of your credit. Then, you make a payment of $300 before the billing period closes and your statement is generated. That brings your statement balance to $200 and your utilization to 20%. Paying off the final $200 before the due date then keeps your account in good standing.
Here’s when to pay a credit card:
If your credit utilization is 30% or less and you pay in full every month, pay your credit card bill by the due date listed on your monthly account statement.
If your balance is more than 30% of your credit limit, pay your credit card bill before the billing period closes to reduce your credit utilization, then pay the remaining balance by the due date.
If you’re carrying a balance from month to month, pay off your full credit card balance as soon as possible to save on interest.
It’s a good idea to set up automatic payments with your credit card issuer so you don’t have to worry about when to pay your credit card bill. Doing so will automatically make a payment from a linked bank account every month on the due date, or a day of your choice before that. You can’t be marked late unless your account has insufficient funds. And even with automatic payments set up, you can still make additional payments any time you want.
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