Sebi Mitchell, Credit Cards Moderator
@sebim
The Wells Fargo Active Cash card does not have purchase protection. In fact, purchase protection has never been a Wells Fargo Active Cash benefit, since Wells Fargo has always opted to put other perks on this card. This is pretty common, unfortunately, as only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.
Although the Wells Fargo Active Cash card no longer offers purchase protection, applying could still make a lot of sense in the right situation. The Wells Fargo Active Cash card has cell phone protection and roadside dispatch. It also has an annual fee of $0. All in all, the Wells Fargo Active Cash card is a good card for people who want good rewards for everyday spending.
If you still want to find a good credit card for purchase protection, consider the Chase Sapphire Reserve® and the Citi Strata Premier® Card. Both credit cards have great purchase protection coverage, according to the most recent WalletHub purchase protection study.
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People also ask
How does Wells Fargo purchase protection work?
Wells Fargo purchase protection covers the damage or theft of eligible purchases for up to 90 days after the purchase date. Purchase protection will reimburse eligible Wells Fargo cardholders up to $500 per item and up to $50,000 per cardholder. Be aware that not all types of purchases are covered under Wells Fargo purchase protection.
How to File a Purchase Protection Claim with Wells Fargo
- Call the Benefit Administrator within 60 days...
What is the Wells Fargo Active Cash Card credit score requirement?
The Wells Fargo Active Cash® Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Wells Fargo Active Cash.
Note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Wells Fargo Active Cash, too. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and...
read full answer by Maria Adams, Credit Cards ModeratorDoes applying for a credit card hurt your credit score?
Applying for a credit card does hurt your credit score, but your score should only drop a few points and rebound within 3-6 months if you use your credit card responsibly. The longest the hard inquiry from a credit card application can affect your score is 12 months. After that, it will still be visible on your credit report for another year but will have no influence on your score.
Impact of a Credit Card...
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