Yes, you can upgrade your Wells Fargo Active Cash® Card to a better offer as long as you’ve had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied. To see if your Wells Fargo Active Cash card qualifies for an upgrade, call customer service at 1 (800) 642-4720.
Wells Fargo Active Cash Card Upgrade: What You Should Know
Wells Fargo does not state a specific amount of time the card account must be open before it’s eligible for an upgrade, but it’s a good idea to wait at least 6 months before requesting an upgrade.
Wells Fargo only allows upgrades to cards within the same card family. For example, you cannot upgrade from Wells Fargo Active Cash to a business card or co-branded card.
You will not be eligible for any initial bonuses or introductory 0% APR offers associated with the new card, unless they’re included as part of the upgrade offer.
Wells Fargo Active Cash card upgrades do not require a hard inquiry on your credit report, so there’s no effect on your credit score.
A Wells Fargo Active Cash card upgrade typically takes just a few minutes. If you are approved, you should receive your card within 7-10 business days from the approval date. Your card number won’t change, but you will receive a new card with an updated expiration date and security code.
You can use your old card until the new one arrives, and it will have all the benefits of the new card as soon as the upgrade is complete. Your current credit limit and APR will carry over to the new card, as will any unredeemed rewards, unless stated differently in the upgrade terms.
To get the Wells Fargo Active Cash sign-up bonus, new cardholders must spend $1,000 within the first 3 months of opening an account. The Wells Fargo Active Cash bonus is $200 cash rewards.
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.… read full answer
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.
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 Card.
You should 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 Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Wells Fargo Active Cash credit score requirement. You can check your credit score for free on WalletHub.
You can request a Wells Fargo Active Cash® Card credit limit increase by calling customer service at 1-800-642-4720. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Wells Fargo has on file. Wells Fargo will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
Impact of a Wells Fargo Active Cash Credit Limit Increase on Your Credit Score
When you request a Wells Fargo Active Cash credit limit increase, Wells Fargo will conduct a soft pull of your credit report, which does not affect your credit score. However, some Wells Fargo Active Cash credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Wells Fargo cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Wells Fargo Active Cash credit limit increase without even requesting one. The Wells Fargo Active Cash card may offer an automatic credit limit increase if Wells Fargo’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
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