Learn How to Apply for a Wells Fargo Active Cash Card
Critical Information Before Applying for a Wells Fargo Active Cash Card
The Wells Fargo Active Cash card, which stands prominently among other cashback cards, is known for its simplicity in rewarding system and ease of use. The card offers an unlimited 2% cash back on purchases without an annual fee, making it a solid choice among all the flat-rate cash-back cards.
The card is even more desirable due to its initial 0% APR on purchases and qualifying transfers for the first 15 months, followed by a variable APR of 17.99%, 22.99%, or 27.99%.
A distinguishing feature of this card is its $200 cash reward as a sign-up bonus, which is awarded after the cardholder spends $1,000 in the first three months. This feature sets the Wells Fargo Active Cash Card apart from many other 2% cashback cards.
Apart from its straightforward cashback system, this card also provides a range of options for redeeming the rewards, which include account credit, cash withdrawals at ATMs, direct deposits into Wells Fargo accounts, and paper checks.
Although the card lacks some advanced features, it is an ideal choice for users who look forward to earning cash back without worrying about the intricacies of bonus categories.
Since there’s no annual fee, this card is truly a money-saving solution for long-term use. Further, the card’s 0% intro APR on purchases and transfers adds to its usefulness for people wanting to have interest-free periods.
Eligibility Criteria
In order to apply for this card, it is required that you are a registered Wells Fargo Online user. You also need to hold the primary status in a Wells Fargo qualifying consumer account that comes with an accessible FICO score.
Your Wells Fargo qualifying consumer account can be a deposit, loan, or credit account, and may also include other certain consumer accounts eligible for this card.
This credit card is best suited for individuals with an excellent credit profile, which means you need a FICO score between 690 to 700 at the minimum.
Having an active registration with Wells Fargo Online and holding a qualifying consumer account are the essential qualifications you need to apply for this card.
To increase your chances of getting approval for the card, it would be a good idea to try and maintain a FICO score within the required range.
Furthermore, Wells Fargo stipulates basic eligibility requirements that include being a legit United States citizen, over 18 years old, and having a verifiable income source.
Wells Fargo offers this card to both its existing customers and new users of other banking services, providing extra benefits to those who sign up.
Regarding the credit limit, Wells Fargo offers a highly customizable limit which corresponds to your revealed income and requirements during your registration. The application process is flexible and is made to accommodate diverse customers within the South American market.
Procedure of Applying for the Wells Fargo Active Cash Card
The application process of Wells Fargo is straightforward. A form on its official portal is there for you to apply directly.
For existing Wells Fargo customers, the application is easy to fill as they can simply log-in with their username and password, using their pre-existing data.
For new customers, the application form asks for various details like name, address, email, phone number, social security number, birth date. The form also requires your financial data, like your employment and housing status, income, and expenditure records.
Once you’ve filled out and submitted your form, Wells Fargo will review your data, information, and credit score. Finally, it will notify you of whether your application has been approved. Customers can also reach Wells Fargo via phone or other means suggested by the institution.
Remember, every credit card application is subject to availability and Wells Fargo’s approval. Meeting the required conditions doesn’t guarantee approval, and additional information may still be required.
Other Details
Apart from the benefits already mentioned, the Wells Fargo card offers additional perks. This includes an app for day-to-day use and top-grade safety features such as voice and two-step verification.
Cardholders are also eligible for up to $600 cellular phone protection against theft or damage, albeit for a deductible fee.
The card is compatible with all modern contactless payment techniques or digital wallet alternatives, providing increased comfort and ease to the users. It also provides zero liability protection, safeguarding clients against unauthorized transactions.
Interested in another option?
The American credit card market has various other choices too. For instance, the American Express Gold card, known for the trust and security that Amex always brings.
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