The Wells Fargo Lively Money® Card is a good card for anybody’s finances — it is obtained one of many highest flat rewards charges throughout all bank cards. You may earn 2% money rewards no matter buy class.

Most flat-rate playing cards high out at 1% and even 1.5% rewards charges. There are a handful of playing cards that can help you earn as much as 3% throughout all purchases, however they usually require you to fulfill giant spending thresholds. However this card has no annual charge, no spending thresholds and no rewards restrict, making it a worry-free possibility.

The rewards aren’t the one notable elements of this card. You possibly can benefit from a aggressive introductory APR and welcome bonus, too. Learn on for extra program particulars and for strategies on different playing cards it’s possible you’ll wish to contemplate.

On this article

• Money rewards and redemption
• ​Welcome bonus​
• Introductory APR​
• Different options​
• Comparable playing cards​
• FAQs​
• Our method to bank card analysis​

Money rewards and redemption

We function Wells Fargo on our lists for greatest bank cards with no annual charge and for cash-back bank cards due to its excessive flat cash-rewards price and easy rewards construction.

Whereas most bank cards provide a 1% and even 1.5% cash-back price on all purchases, this card presents a vast 2% money rewards on purchases. There’s a caveat although — you’ll be able to redeem your money rewards for “money” in $25 increments over the telephone or on-line, and at a minimal of $20 through a Wells Fargo ATM or debit card. “Money” redemption can take the type of a credit score in your billing assertion, a deposit right into a qualifying Wells Fargo checking or financial savings account or through a paper examine. 

As a approach across the minimal threshold, you’ll be able to redeem your factors for specific purchases as small as $1 so long as you’ve gotten sufficient money rewards to cowl the acquisition in full. Alternatively, you’ll be able to redeem your rewards as journey, charitable donations, present playing cards (in $25 increments) or merchandise via your account.

Welcome bonus

You possibly can earn a $200 money rewards welcome bonus after spending $1,000 on purchases along with your Wells Fargo Lively Money Card inside the first three months of account opening. Whereas this welcome bonus would not have the best nominal worth in the marketplace, nor the bottom spending threshold to unlock it, it is an excellent ratio of rewards to spending. For those who’re particularly interested by discovering an ideal intro provide worth, take a look at our picks for the greatest welcome bonuses.

The cash-rewards welcome bonus will likely be redeemable via your account one or two billing intervals after it’s earned.

Introductory APR

One other large draw of the Wells Fargo Lively Money Card is the introductory 0% APR on purchases and qualifying steadiness transfers, which lasts for 15 months from account opening. After that, your variable APR will likely be 15.74%, 20.74%, or 25.74%, relying in your credit score. This function makes the cardboard an excellent possibility if you wish to finance a giant buy and unfold out the funds — however be cautious of creating costs you’ll be able to’t afford.

Whereas your 0% intro APR on purchases is legitimate for the primary 15 months from account opening, you’ll be able to solely make a qualifying steadiness switch inside 120 days of account opening for the 0% introductory APR to use. However you aren’t getting 15 months from the date of steadiness switch — the clock begins ticking whenever you get authorized for the cardboard. 

For instance, in case your steadiness switch is initiated three months after opening the account, you will solely be having fun with the remaining 12 months of 0% introductory APR on that steadiness (15.74%, 20.74%, or 25.74% variable APR thereafter). And in case your steadiness switch is not initiated till 5 months after account opening, you will not obtain any introductory 0% APR on that steadiness, because it’s outdoors the 120 day window.

Different options

There aren’t many hidden perks with this card — what you see is what you get. The money rewards, welcome bonus and introductory APR cowl the bases. You do stand up to $600 in cellular phone harm or theft safety after a $25 deductible, so long as you pay your invoice along with your Wells Fargo Lively Money Card.

Comparable playing cards

Citi® Double Money Card

The Citi Double Money Card is much like the Wells Fargo Lively Money Card — each provide a flat 2% cash-rewards price. With the Double Money Card, nevertheless, you earn 1% whenever you make the acquisition and the opposite 1% whenever you make the cost. So when you can earn the identical rewards price, it is not as simple or speedy. You additionally get 18 months of 0% introductory APR on steadiness transfers with the Double Money Card (then a variable APR of 14.74% to 24.74%; steadiness transfers should be accomplished inside the first 4 months of account opening). Whereas that is longer than the time-frame of the Wells Fargo provide, it would not apply to purchases.

For extra particulars, see our full overview of the Citi Double Money Card.

Chase Freedom Limitless®

The Chase Freedom Limitless is a good cash-back card for most individuals. Although its cash-back program is a bit more concerned than Wells Fargo, many might be able to web extra rewards general. You may get 5% money again on journey booked via Chase Final Rewards, 3% money again on eating and drugstores, and 1.5% on all different purchases. Whereas the catch-all price is a bit decrease than that of the Lively Money Card, the bumps on different spending classes could make up for it. You too can earn a invaluable welcome bonus and comparable introductory APR with this card.

Try all the particulars in our full overview of the Chase Freedom Limitless.

FAQs

Our method

We overview the playing cards which might be within the highest demand and provide the perfect advantages. We scour the positive print so there are not any surprises whenever you open an account. We discover the important thing elements that make a card stand out and examine them with different high playing cards. That approach, readers can go for a distinct card with comparable options if our decide is not proper for them. Our evaluations are frequently checked and up to date to include new suggestions, in addition to to replicate adjustments in presents and the market.

The editorial content material on this web page relies solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third celebration. Nevertheless, we could obtain compensation whenever you click on on hyperlinks to services or products supplied by our companions.

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