Wells Fargo Active Cash℠ Card vs. Citi® Double Cash Card
Move over Double Cash, the Active Cash is giving you a run for your money. The Citi Double Cash is another no-annual-fee card offering an unlimited 2% cash back—1% when the purchase is made and another 1% when the purchase is paid off.
Those who want a longer period for balance transfers should choose the Citi Double Cash even though it does not offer a welcome bonus. But with a 0% introductory APR on both balance transfers and purchases, the Active Cash hits back hard. The Active Cash offers Visa Hotel perks, while the Double cash counters with Citi Entertainment Perks, so we’ll call that a draw. The Wells Fargo card’s cell phone protection is a benefit left mostly unanswered by the Double Cash, as is the welcome bonus.
It’s too close a fight to call. These two cards are well matched and we believe the solo-reign of the 2% cards previously held by Citi has fallen—the Wells Fargo card has achieved the same plastic standard status when it comes to cash back cards.
Wells Fargo Active Cash℠ Card vs. Chase Freedom Unlimited®
The Wells Fargo Active Cash is the math-free alternative to cards like the Chase Freedom Unlimited. The Freedom Unlimited offers cash back with some additional complexity: 5% cash back on travel booked through Chase, 3% cash back at restaurants and drugstores and 1.5% cash back on all other purchases. Will the 3% cash back categories make up for the missing 0.5% cash back on everything else? That’s a question each potential cardholder must decide.
The Chase Freedom Unlimited offers more benefits, including purchase protection, extended warranties and a number of travel protections. The Active Cash only offers cell phone protection when it comes to additional benefits. The Chase Freedom Unlimited offers an introductory APR: 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%. Both cards have similar welcome bonuses, but the Freedom Unlimited’s is easier to earn: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. You’ll also earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
For some, the Chase Freedom Unlimited will make more sense. For others, the Active Cash is simple and easy to calculate. The cards may make a good pair for some, but more likely using the active Cash with a card with even more higher-earning categories and an even wider array of benefits would better benefit most people.
Wells Fargo Active Cash℠ Card vs. Discover it® Cash Back
The Discover it Cash Back is the sort of card with a cash back rewards scheme that requires reading twice: 5% cash back is earned in must-be-activated, rotating, capped quarterly categories. Every quarter, 5% cash back can be earned on the first $1,500 in purchases in specific categories or at specific vendors after the cardholder activates the category. On all other purchases, the card earns 1% cash back. Discover also matches all cash back earned at the end of the first year of account ownership.
New cardholders will receive an introductory 0% APR for 14 months on purchases and eligible balance transfers. Then, a standard rate of 11.99% – 22.99% Variable applies. The Discover it’s offer is a similar benefit to the Active Cash. Each card’s fees are comparable. With no major travel benefits, like the Active Cash, the Discover it Cash Back will not be great for those looking to take advantage of travel, purchase protection or other benefits.
As far as cash back earning goes, the Active Cash, after a certain targeted spend limit over the course of each year, will easily surpass the Discover it Cash Back in earnings. The likely best use of each of these cards is together, however—the Discover it Cash Back used for earning 5% cash back in each rotating category up to the max and the Active Cash for all other purchases. For those who want only one card for all spending needs, we’d definitely recommend the Active Cash in most situations.