Wells Fargo Active Cash Credit Limit: Everything You Need to Know

The Wells Fargo Active Cash credit card has a credit limit that's determined by various factors, including your income, credit history, and debt-to-income ratio.

Wells Fargo considers your credit score, which can range from 300 to 850, to determine your creditworthiness and set your credit limit.

The credit limit for the Wells Fargo Active Cash credit card can range from $1,000 to $10,000, depending on your individual credit profile.

Your credit limit may be lower if you have a lower credit score or a higher debt-to-income ratio, while a higher credit score can result in a higher credit limit.

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The Wells Fargo Active Cash credit card has several benefits and features that make it a viable option for those looking for a no-annual-fee card.

The card offers Visa Signature credit card benefits and perks, which is a nice touch, even if it's not as extensive as some premium credit cards.

You'll also get cellphone protection, which is a must-have for anyone who uses their phone frequently.

The 24/7 concierge service is another perk that's hard to put a price on, as it can help you with just about anything.

Access to the Visa Signature Hotel Collection is also a great benefit, especially for travelers.

Zero liability protection is a standard feature of most credit cards, but it's still worth mentioning.

Here are some key benefits and features of the Wells Fargo Active Cash card:

Managing debt and finances with the Wells Fargo Active Cash Card can be a game-changer. The card offers a 0% intro APR on purchases for 12 months, giving you a year to pay off large purchases or several small ones without incurring interest.

To make the most of this feature, consider making a plan to pay off your balance within the 12-month period. This will help you avoid paying 19.24%, 24.24%, or 29.24% Variable APR on your purchases.

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If you're looking to pay down debt, the Wells Fargo Active Cash Card's 0% intro APR on balance transfers for 12 months can be a lifesaver. Just be aware that there's a balance transfer fee of either $5 or 3% (whichever is greater) per balance moved within 120 days of opening an account.

To determine whether the balance transfer fee is worth it, weigh the cost of the fee against the interest you'll pay over time. For example, if you transfer a balance of $1,000 and pay a 3% fee, you'll pay $30 in fees, but you'll save on interest charges for 12 months.

The Wells Fargo Active Cash Card also reports your payment activity to the three major credit bureaus, helping you build credit with responsible usage. This includes paying your bill on time and in full (whenever possible) each month, as well as keeping your credit utilization ratio at or below 30%.

Here's a quick rundown of the card's introductory APR terms:

Keep in mind that these terms may change over time, so be sure to review your account agreement regularly.

The Wells Fargo Active Cash credit card has a low ongoing cost that makes it easy to fit into your rewards strategy. There's no annual fee to worry about, so you can enjoy the benefits without any extra cost.

You'll also appreciate that there's no penalty APR to worry about, but be aware that there is an up to $40 late payment fee if you miss a payment. The card also comes with a 3 percent intro balance transfer fee ($5 minimum) on each transfer completed within 120 days from account opening, and a 3 percent foreign currency conversion fee.

Here are some additional fees to keep in mind:

The Wells Fargo Active Cash card has a $0 annual fee, which is a big plus for anyone looking to avoid extra costs.

There's also no penalty APR to worry about, which means you won't be hit with a higher interest rate if you miss a payment.

However, there is an up to $40 late payment fee if you do end up missing a payment, so be sure to stay on top of your payments.

The card also has a 3 percent intro balance transfer fee ($5 minimum) on each transfer completed within 120 days from account opening, which is on the low end of the traditional 3 percent to 5 percent range.

Additionally, there's a 3 percent foreign currency conversion fee, which is a typical cost for cards that don't charge foreign transaction fees outright.

It's worth noting that some competing cash reward cards don't charge foreign transaction fees if you travel often enough to be concerned about this additional cost.

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You may incur charges for balance transfers, cash advances, and late payments on your credit card. These fees can add up quickly, so it's essential to understand what you're getting into.

Regulation Z, Truth in Lending, requires lenders to clearly disclose these fees, so you can make informed decisions about your credit card usage. This regulation helps protect consumers from hidden charges.

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You may also be subject to Unfair, Deceptive, Or Abusive Acts Or Practices (UDAAP) if your lender engages in misleading or unfair practices when it comes to fees.

Regulation N, Mortgage Acts and Practices Advertising Rule, doesn't directly apply to credit card fees, but it's worth mentioning as it relates to mortgage advertising and fees.

Endorsement Guidelines don't directly pertain to credit card fees, but they do provide a framework for lenders to follow when promoting their products.

Here are some common credit card fees to watch out for:

The APR (Annual Percentage Rate) on the Wells Fargo Active Cash card is a crucial factor to consider. It's a variable APR, which means it can change over time, and it's currently set at 19.24%, 24.24%, or 29.24%.

After the introductory period, the APR will kick in, which is a bit higher than the current average interest rate. This is why it's essential to pay off your balance before the intro APR period ends. If you're planning to make a big purchase or want some breathing room to pay off an existing balance, the 12-month intro APR offer can be a lifesaver.

Here's a breakdown of the APR on the Wells Fargo Active Cash card:

Keep in mind that the Wells Fargo Reflect card offers an even longer zero-interest period of 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers made within 120 days.

The Wells Fargo Active Cash credit card offers a generous rewards program that's easy to understand and redeem. With unlimited 2% cash rewards on all purchases, you can earn rewards without keeping track of categories or spending limits.

Rewards can be redeemed in various ways, including statement credits, direct deposit into a qualifying Wells Fargo account, and even applying rewards to a Wells Fargo mortgage. This flexibility makes it easy to use your rewards when you need them most.

You can redeem your rewards as a statement credit to a qualifying credit card, checking account, or mortgage, making it a convenient option for those who have a Wells Fargo account. If you don't have a qualifying account, you can still redeem your rewards as a statement credit, but direct deposit is not an option.

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Here are some ways you can redeem your rewards with the Wells Fargo Active Cash card:

The Wells Fargo Active Cash card also offers a wide range of redemption options, making it easy to use your rewards in a way that suits your needs.

The Wells Fargo Active Cash credit limit is a crucial aspect to consider when deciding if this card is right for you. The card's application process is surprisingly simple, especially if you're already a Wells Fargo customer.

The Active Cash card's cash rewards program is a major selling point, offering 2% cash back on every purchase with no spending caps or limitations. This means you can earn rewards on all your purchases, not just specific categories.

One thing to consider is the intro APR period, which can be a decent length but may not be as long as some other cards. For example, the Chase Freedom Unlimited card offers a 15-month intro APR period, which could be beneficial if you need more time to pay off your balance.

If you're a frequent traveler, you might want to consider alternative cards that offer more travel benefits and protections. The Citi Double Cash Card, for instance, has a network of higher-tier World Elite Mastercard perks that could be beneficial for travelers.

Here's a comparison of the Wells Fargo Active Cash Card with similar cards:

Ultimately, the Wells Fargo Active Cash credit limit and overall features will depend on your individual needs and financial situation. It's essential to carefully review the terms and conditions before making a decision.

If you're not satisfied with the Wells Fargo Active Cash credit limit, there are other options to consider.

The Wells Fargo Reflect Credit Card offers a 0% intro APR for 18 months on purchases and balance transfers, which can be a more flexible option for some users.

You can also consider the Citi Simplicity Card, which has no late fees and a 21-month 0% intro APR on balance transfers.

For those who want a cash-back rewards program, the Discover it Cash Back Card offers 5% cash back on various categories throughout the year, with no rotating categories or spending limits.

If you're looking for a credit card with no annual fee, the Capital One Quicksilver Cash Rewards Credit Card is a good option, offering unlimited 1.5% cash back on all purchases.

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The Wells Fargo Active Cash Card has its advantages and disadvantages. One of its main benefits is that it offers a flat cash back rate on every purchase, which is a great feature for those who want simplicity in their rewards earning.

The card also has an easy-to-earn, valuable sign-up bonus, which can be a nice boost to your rewards earnings. Additionally, it has a $0 annual fee, making it a great option for those who want to avoid paying extra fees.

However, the card does have some drawbacks. One of its main cons is that it has no bonus earning categories, which means you won't earn extra rewards on specific purchases like groceries or travel.

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Another con is that it has foreign transaction fees, which can add up quickly if you travel abroad. Also, the card has a balance transfer fee, which can be a drawback for those who want to transfer their balance from another card.

Here are the pros and cons in a concise list:

The Wells Fargo Active Cash credit card offers a generous sign-up bonus, a 2% cash-back credit card that's rare in the market. This bonus is $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

The card's intro APR offers are also worth noting. You can get a 0% intro APR on purchases and qualifying balance transfers for 12 months from account opening, followed by a 19.24%, 24.24%, or 29.24% variable APR. This is a decent intro offer, but not the longest available.

The Wells Fargo Active Cash card's $200 cash rewards bonus is solid for a no-annual-fee cash rewards card and comes with a low $500 spending requirement in the first three months. This value and spending requirement is typical for a no-annual-fee card.

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Here are the details of the intro APR offers:

It's worth noting that the Wells Fargo Platinum card had longer intro APR offers, but it's no longer available for applications. The Wells Fargo Reflect card is a good alternative option, offering a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers.

This card is a top-of-the-line option with a flat cash rewards rate that's hard to beat. It offers generous welcome and introductory APR offers with no annual fee.

The card's simplicity makes it a premier standalone option or supporting card, providing flexibility in how you use it.