2% Money-Rewards Card With Welcome Bonus

11 mins read

Choose’s editorial workforce works independently to assessment monetary merchandise and write articles we predict our readers will discover helpful. We might obtain a fee if you click on on hyperlinks for merchandise from our affiliate companions.

The brand new Wells Fargo Energetic MoneySM Card, a 2% limitless cash-rewards card with no annual price, is certain to be one of the vital widespread choices amongst flat-rate cash-rewards playing cards in the marketplace.

Not like different 2% cash-back playing cards like Citi® Double Money Card (you earn 1% if you buy and 1% if you pay) and the PayPal Cashback Mastercard®, the Energetic Money Card comes with a welcome bonus of $200 if you happen to spend $1,000 inside three months of opening the cardboard.

Whereas journey bank cards include the potential so that you can rating perks like lodge credit or free flights, cash-back playing cards are nice due to their simplicity. You do not have to grasp redemption values for factors or miles, and plenty of cash-back playing cards include no annual price. Flat-rate cash-back playing cards are low effort as a result of no matter what you are buying, you may get a hard and fast share of your a reimbursement.

When Choose crunched the numbers and analyzed over 200 bank cards, we discovered that customers can earn substantial rewards with the Energetic Money Card over a 5 12 months interval. (See our methodology for extra data on how we select the perfect playing cards.)

Under, we break down the rewards, advantages and charges related to the Energetic Money Card that will help you resolve if it is the correct card for you.

Wells Fargo Energetic Money Card assessment

Wells Fargo Energetic Money℠ Card

  • Rewards

    Limitless 2% money rewards on purchases

  • Welcome bonus

    $200 money rewards bonus after you spend $1,000 on purchases in your first 3 months from account opening

  • Annual price

  • Intro APR

    0% APR on purchases and qualifying stability transfers for the primary 15 months from account opening

  • Common APR

    14.99% to 24.99% variable on purchases and stability transfers

  • Stability switch price

    Introductory price of three% ($5 minimal) for 120 days from account opening, then as much as 5% ($5 minimal)

  • Overseas transaction price

  • Credit score wanted

Wells Fargo Energetic Money rewards

The Energetic Money Card has a easy rewards program: Cardholders earn 2% money rewards on all eligible purchases and there are not any bonus classes to trace. Earlier than signing up for this card, it is best to think about your spending habits. Is your spending unfold throughout classes or is it concentrated in sure areas like eating or journey? For those who do not are likely to spend extra in a single class versus one other, the Wells Fargo Energetic Money Card could possibly be a good selection on your pockets.

You could possibly pair the Energetic Money Card with a cash-back card just like the Chase Freedom Flex℠ or Uncover it® Money Again. To get essentially the most rewards out of the playing cards, you possibly can use the Freedom Flex or Uncover card every time you possibly can reap the benefits of the 5% cash-back classes (as much as the quarterly most after enrollment), and use the Energetic Money Card on all different purchases.

For the Energetic Money card, your money rewards will be redeemed as a press release credit score, by a Wells Fargo ATM through the use of a Wells Fargo debit or ATM card, as a direct deposit right into a Wells Fargo financial savings or checking account or as a paper verify.

Choose calculated how a lot money rewards the typical American can earn in a 12 months when utilizing their Wells Fargo Energetic Money Card. We labored with the placement intelligence agency Esri, who supplied us with a pattern annual spending funds of $22,126.

The funds contains six major classes: groceries ($5,174), fuel ($2,218), eating out ($3,675), journey ($2,244), utilities ($4,862) and common purchases ($3,953).

This is a breakdown of how a lot money rewards you possibly can roughly earn in every class, yearly (greenback quantity is rounded up):

  • Groceries: $104
  • Gasoline: $44
  • Eating out: $74
  • Journey: $45
  • Utilities: $97
  • Normal purchases: $79
  • Complete: $443

We discovered that, within the first 12 months of card membership, the Energetic Money Card earned an estimated $643 in money rewards, together with the $200 money rewards bonus. Over a 5 12 months interval, cardholders might earn $2,415. Cardholders might earn roughly money again relying on their annual spending habits.

Extra advantages

This Energetic Money Card is greatest for cardholders who need a flat-rate cash-rewards program and are not trying for lots of additional advantages their bank card. The cardboard offers minimal perks. This is the breakdown:

Cellphone Safety

The Energetic Money Card offers cardholders with mobile phone safety if you happen to use the cardboard to pay your mobile phone invoice. In case your cellphone is broken or stolen, Wells Fargo will reimburse the alternative or restore of your mobile phone for as much as $600 (with a $25 deductible). (In case your cellphone is misplaced, your cellphone will not be coated by this safety plan.)


Energetic Money cardholders could have entry to Visa Signature Concierge, a 24/7 complimentary private help service that gives data and referrals on journey, eating, leisure and private providers. Cardholders even have entry to the Visa Signature Luxurious Resort Assortment. When cardholders e-book by the gathering, you may get perks like a meals and beverage credit score and every day continental breakfast.


The Energetic Money card has no annual price and has a 15 month 0% APR introductory interval on new purchases and qualifying stability transfers (then, a variable APR of 14.99% 19.99% or 24.99%), making it an excellent choice for cardholders seeking to do a stability switch.

Stability transfers have to be made inside 120 days from account opening to qualify for the introductory APR price. There’s a stability switch price of $5 or 3%, whichever is larger. After 120 days, the stability switch price is 5% or a minimal of $5.

The Energetic Money card costs a 3% international transaction price if you use the cardboard abroad. You would possibly wish to think about the Chase Sapphire Most popular® Card or the American Categorical® Gold (see charges and charges) if you happen to’ve acquired plans overseas, as neither card costs international transaction charges.

Backside line

In case your on the lookout for a card that does not require quite a lot of effort and offers you 2% money rewards on all of your purchases, look no additional than the Energetic Money Card. With no annual price, a low spending requirement to earn the $200 money reward (spend $1,000 inside three months) and limitless 2% cash-rewards on purchases, the Energetic Money Card is a good selection for individuals who need money again however do not wish to change their spending habits each quarter to maximise their rewards in rotating spending classes.

Our Methodology

To find out which bank cards provide the perfect worth, Choose analyzed 234 of the most well-liked bank cards out there within the U.S. We in contrast every card on a spread of options, together with rewards, welcome bonus, introductory and normal APR, stability switch price and international transaction charges, in addition to elements corresponding to required credit score and buyer critiques when out there. We additionally thought-about extra perks, the applying course of and the way simple it’s for the buyer to redeem factors.

CNBC Choose teamed up with location intelligence agency Esri. The corporate’s information growth workforce supplied essentially the most up-to-date and complete shopper spending information based mostly on the 2019 Shopper Expenditure Surveys from the Bureau of Labor Statistics. You’ll be able to learn extra about their methodology right here.

Esri’s information workforce created a pattern annual funds of roughly $22,126 in retail spending. The funds contains six major classes: groceries ($5,174), fuel ($2,218), eating out ($3,675), journey ($2,244), utilities ($4,862) and common purchases ($3,953). Normal purchases embrace objects corresponding to housekeeping provides, clothes, private care merchandise, pharmaceuticals and nutritional vitamins, and different automobile bills.

Choose used this funds to estimate how a lot the typical shopper would save over the course of a 12 months, two years and 5 years, assuming they might try to maximise their rewards potential by incomes all welcome bonuses provided and utilizing the cardboard for all relevant purchases. All rewards complete estimations are web the annual price.

Whereas the five-year estimates we have included are derived from a funds much like the typical American’s spending, you could earn a better or decrease return relying in your purchasing habits.

For charges and charges of the Uncover it Money Again, click on right here

For charges and charges of the Amex Gold, click on right here

Editorial Observe: Opinions, analyses, critiques or suggestions expressed on this article are these of the Choose editorial workers’s alone, and haven’t been reviewed, accredited or in any other case endorsed by any third occasion.

Leave a Reply

Previous Story

EXp, Type Lending Staff As much as Launch New Mortgage Platform

Next Story

Navigating Insurance coverage When Dwelling with a Continual Well being Situation