Wells Fargo Active Cash Card Cash Advance Fee Costs and Benefits

The Wells Fargo Active Cash Card offers a cash advance feature, but it comes with a fee. The cash advance fee is 5% of the amount advanced, with a minimum fee of $10.

This means that if you take out a cash advance of $100, you'll be charged a fee of $5, bringing the total to $105. You'll also be charged interest on the cash advance amount.

The interest rate for cash advances is variable and can range from 24.99% to 28.99% APR, depending on your creditworthiness. This is in addition to the cash advance fee.

The Wells Fargo Active Cash card has its advantages and disadvantages.

The cash advance fee is a significant con, as it's 5% of the amount advanced, with a minimum fee of $5.

Having a credit limit of up to $10,000 is a notable pro, providing flexibility for larger purchases.

However, the cash advance APR is a steep 27.99% (Variable), making it costly to borrow against your credit limit.

Rewards are a major pro, with 3% cash back on purchases in your top category each quarter, up to the first $2,500 in combined purchases each quarter.

The cash advance fee can be avoided if you use the card for purchases instead of cash advances.

The Wells Fargo cash advance fee is a significant cost to consider. It's 5% of the amount withdrawn, with a minimum of $10 per transaction, whichever is higher.

You'll also incur other costs in addition to the fee, including a cash advance APR of 29.99% for most cards. This APR is applied as soon as you make a withdrawal, with no grace period to pay it off.

The cash advance fee is applied every time you get a cash advance, with a minimum fee of $10. This fee is charged for cash withdrawals at an ATM, with a cash advance check, or in person at participating locations.

The cost of a Wells Fargo cash advance usually ranges from $10 to 5% of the withdrawn amount, whichever is greater. This makes it essential to repay your balance as soon as possible to avoid additional interest charges.

The Wells Fargo Active Cash card is a great option for those who want a simple cash rewards program and a generous intro APR offer. Re'Dreyona Walker, a Bankrate credit card expert, applied for this card and found it to be a great choice as her first credit card.

The card's cash rewards program is a standout feature, offering unlimited 2% cash rewards on purchases with no expiration date as long as the account remains open. This means you can earn rewards for future expenses on any purchase.

The Wells Fargo Active Cash card's intro APR period is 15 months, which is a decent length of time to save on interest while paying off your balance. This can be especially useful for large purchases or emergencies.

The Wells Fargo Active Cash and Reflect cards are two popular options for those looking for a 0% APR credit card. The Wells Fargo Reflect offers a longer 0% intro APR period, making it a great choice for those planning a large purchase.

The Wells Fargo Active Cash, on the other hand, provides 2% cash rewards on purchases, with no rotating categories or spending limits. This makes it ideal for everyday spending.

Both cards have a no annual fee, which is a major perk. However, the Wells Fargo Reflect has a higher balance transfer fee of 5%, while the Wells Fargo Active Cash has a lower starting APR of 20.24% compared to the Reflect's 18.24%.

The Wells Fargo Active Cash also offers a $200 cash rewards bonus after spending $500 in the first three months, which is a great incentive for new cardholders.

Here's a comparison of the two cards' features:

Ultimately, the choice between the Wells Fargo Active Cash and Reflect cards depends on your individual financial priorities and spending habits. If you're looking for a card with rewards and a welcome offer, the Wells Fargo Active Cash may be the better choice. However, if you're planning a large purchase and want a longer 0% intro APR period, the Wells Fargo Reflect is the way to go.

The Wells Fargo Active Cash credit card has a decent portfolio of benefits, but they're not as strong as those offered by other cash rewards cards. The card will cover your cellphone against damage or theft for up to $600 per claim, but you'll need to pay a $25 deductible and can only make two claims per year.

The benefits on the Active Cash card are comparable to those on rival cards, but they don't match the more extensive travel protections offered by some other cash rewards cards.

The Wells Fargo Active Cash card has a $0 annual fee, making it a great option for those who want to avoid extra charges.

If you're looking for a credit card with no annual fee, the Wells Fargo Active Cash card is a great choice.

The card also offers a 2% cash back reward on purchases, which can be redeemed for cash or used to offset the cash advance fee.

You can earn 2% cash back on every purchase, everywhere, with no rotating categories or spending limits.

The cash advance fee is 3% of the amount advanced, with a minimum fee of $5.

To minimize the cash advance fee, consider using the card for everyday purchases rather than taking out cash advances.

The 2% cash back reward can help offset the cost of the cash advance fee, making it a more affordable option.