Wells Fargo Active Cash Visa® Card Terms and Conditions
Thank you for your interest in opening a Wells Fargo Active Cash Account.
Annual Percentage Rate (APR) for Purchases
0.00% introductory APR for 15 months from date of account opening.
After that, your APR will be 20.24%, 25.24%, or 29.99%, based on your creditworthiness. This APR will vary with the market based on the U.S. Prime Rate.
Annual Percentage Rate (APR) for Balance Transfers
0.00% introductory APR for 15 months from date of account opening.
After that, your APR will be 20.24%, 25.24%, or 29.99%, based on your creditworthiness. This APR will vary with the market based on the U.S. Prime Rate. A balance transfer request must be made within 120 days from account opening to qualify for the introductory APR. Balance Transfers are subject to eligibility.
APR for Cash Advances and Overdraft Protection Advances
This APR will vary with the market based on the U.S. Prime Rate.
How to Avoid Paying Interest on Purchases
Your due date is at least 25 days after the close of each billing period. We will not charge you interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $1.00.
For Credit Card Tips from the Consumer Financial Protection Bureau
To learn more about factors to consider when applying for or using a credit card, visit the websiteof the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore.*
• Balance Transfers
Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5.
• Cash Advances
Either $10 or 5% of the amount of each advance, whichever is greater.
• Foreign Currency Conversion/Foreign Transaction
3% of each transaction converted to U.S. dollars.
• Late Payment
Up to $40
How we will calculate your balance
We use a method called “average daily balance (including new purchases)”.
We will begin charging interest on cash advances and balance transfers on the transaction date.
Table of Contents
In this application, “the Bank,” “Wells Fargo,” “we,” “our,” and “us” refer to Wells Fargo Bank, N.A. “You” and “your” mean each person who applied for and received a Wells Fargo Credit Card account.
Please note: Information about the credit card Account’s interest rates, interest charges, and fees is correct as of March 2023. This information may have changed after that date. To learn of any changes, call 1-866-229-6633.
Part 1: Important Details About Using This Credit Card Account
- What is this application for?
- What do you agree to by applying for this credit card account?
- Will you qualify if you have more than one Wells Fargo Credit Card account?
- What procedures do we use to verify your identity when you open an Account?
- How do we review this application?
- What should you do once you receive your new card?
- What is the minimum credit limit?
- How might we manage credit limits if you have multiple Wells Fargo Credit Card accounts?
- How do we calculate your variable APRs?
- How do we apply your payments?
- How does Overdraft Protection work?
- How do we verify information from phone service providers?
- How and why can we contact you?
- What happens if your contact information changes?
- How is the credit card law different for Ohio residents?
- How is the credit card law different for married Wisconsin residents?
- How does the $200 Cash Rewards bonus work?
- What is Cellular Telephone Protection?
Part 2: Summary of the Wells Fargo Rewards® Program Terms and Conditions and theWells Fargo Active Cash Visa® Card Addendum
- What do you earn by participating in the Program?
- How do we calculate Cash Rewards?
- How do you earn or accumulate Cash Rewards?
- Which transactions do not earn Cash Rewards?
- What can reduce or eliminate your Cash Rewards?
- Do Cash Rewards expire?
- What can you redeem your Rewards for?
- How can you redeem Cash Rewards?
- What happens to your Cash Rewards if you pay your Credit Card late?
- Can we change these Terms and the Program?
- Can we stop you from participating in the Program?
- Can you cancel your Cash Rewards Program?
Part 1: Important Details About Using This Credit Card Account
What is this application for?
This application is for a credit card account with Wells Fargo Bank, N.A.
What do you agree to by applying for this credit card account?
You agree that all the information you provided in this application is true, correct, and complete.
You agree that you can legally enter into the Consumer Credit Card Customer Agreement and Disclosure Statement (Agreement).
Regardless of your marital status, you are applying for a credit card account in your own name.
You agree to the terms and conditions of the Agreement which will be sent to you. You can also access the Agreement by accessing this link:https://www.wellsfargo.com/credit-cards/agreements/active-cash-agreement/.Please note that the Agreement’s terms may change at any time, subject to applicable law.
You agree to the arbitration terms included in the Agreement. You can access the arbitration terms by accessing this link:https://www.wellsfargo.com/credit-cards/agreements/active-cash-agreement/.
By using this account, you are financially liable (responsible) for any amount you charge or authorize another to charge, including any amounts by any authorized users.
By applying for this credit card account, you agree that we may:
You also agree that we may obtain a consumer report from consumer reporting agencies to do the following:
Upon your request, we will tell you the name and address of each consumer reporting agency that provides us a consumer report about you.
Will you qualify if you have more than one Wells Fargo Credit Card account?
If you opened a Wells Fargo Credit Card account within the last six months, then you may not qualify to open an additional Wells Fargo Credit Card account. We may also limit how many open Wells Fargo Credit Card accounts you have.
What procedures do we use to verify your identity when you open an Account?
Important information about procedures for opening a new account.
To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individual or business) who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license or other identifying information.
How do we review this application?
You agree that we can review your criteria to determine which products you qualify for and how much credit we will give you. Further, you agree that we will give you the product and pricing you qualify for.
What should you do once you receive your new card?
- Balance transfers
- Overdraft Protection
- Wells Fargo Online®
- ATM access
What is the minimum credit limit?
The minimum credit limit is $1,000.00.
How might we manage credit limits if you have multiple Wells Fargo Credit Card accounts?
If you are applying for an additional card, then you agree that we can distribute your credit limits between each card if:
Please note: You can change or re-distribute your credit limits on your own by calling Customer Service any time at the number listed on the back of your card. Certain restrictions may apply.
How do we calculate your variable APRs?
A variable APR is an interest rate that varies with the market based on the U.S. Prime Rate. To calculate your variable APR for each billing period, we use the U.S. Prime Rate and add a margin.
How We Determine the U.S. Prime Rate
Each billing period, we use the U.S. Prime Rate that the Wall Street Journal publishes in its Money Rates section three business days before your billing statement’s closing date. When more than one U.S. Prime Rate exists, we use an average. If the U.S. Prime Rate is not published or available (temporarily or permanently), we use a substitute index that we believe is similar to the U.S. Prime Rate. We do so at our sole discretion.As of 12/10/2023, the U.S. Prime Rate is 8.50%.
How We Calculate Your Variable APR
We use the following margins:
We reserve the right to change terms, APRs, and fees at our discretion by following your Agreement and as allowed by applicable law.
Please note: You may not qualify for the lowest APRs described. We review your credit report, information provided in your application, and other available relevant information to determine your APRs.
How do we apply your payments?
- Lower APR balances (such as Purchases)
- Higher APR balances (such as Cash Advances)
Amounts in Excess of the Minimum Payment
If you pay more than your required minimum payment, generally we apply the excess first to the higher APR balances and then to lower ones.
How does Overdraft Protection work?
Joint Checking Accounts
- Writes the check,
- Purchases items with the debit card, or
- Engages in any other transaction that causes the overdraft
When Interest Charges Begin
Interest will begin to accrue on each date that an advance is made.
Credit Card Confirmation Required
You must confirm that you received your credit card. If you do not confirm your card, no money will transfer to cover the overdraft. Please allow up to three business days to fully enable your Overdraft Protection service once you confirm your credit card. Refer to the Agreement for details. You may be able to protect your Account against overdraft with other less costly options.
- Using Your Card for Overdraft Protection:www.wellsfargo.com/credit-cards/features/overdraft-protection/
- Other Overdraft Protection Options:www.wellsfargo.com/checking/overdraft-services/
How do we verify information from phone service providers?
You agree that we may contact your past, present, and future phone service providers to verify information that you gave us including any phone numbers against their records about you (such as name, address and account status).
How and why can we contact you?
What happens if your contact information changes?
- Email addresses
- Mailing address
- Phone numbers
How is the credit card law different for Ohio residents?
Notice: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
How is the credit card law different for married Wisconsin residents?
Notice: If you are married, by submitting your credit card application you are confirming that this credit card obligation is being incurred in the interest of your marriage and your family. No provision of any marital property agreement (pre-marital agreement), unilateral statement under 766.59 of the Wisconsin Statutes, or a court decree under 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decrees or has actual knowledge of the adverse provision. If the credit card for which you are applying is granted, you will notify the Bank if you have a spouse who needs to receive notification that credit has been extended to you.
How does the $200 Cash Rewards bonus work?
How You Qualify
You qualify for the $200 Cash Rewards bonus when you make at least $500 in net purchases that post to your account within 3 months from the date you opened your account. A net purchase is the amount that remains after any returns or credits.
When You Redeem Cash Rewards Bonus
Your Cash Rewards bonus posts to your Account within one to two billing periods after you earn it.
What Does Not Earn Cash Rewards Bonus
Cash Advances and Any Kind of Equivalents
- ATM transactions
- Cash advances
- Money orders
- Pre-paid gift cards
- Traveler’s checks
- Wire transfers
- Balance transfers
Disputes and Illegal Transactions
Fees and Interest
Any fees or interest that post to your Credit Card Account, such as:
Any gambling transactions you make, including:
For a complete summary of the Cash Rewards Program, refer to Part 2 of this document, Wells Fargo Rewards® Program Terms and Conditions Summary and Wells Fargo Rewards® Program Terms and Conditions Addendum.
What is Cellular Telephone Protection?
As a cardholder, you may be able to receive Cellular Telephone Protection. This coverage is a supplemental insurance policy. That means the policy is in addition to and supplemental to other insurance policies or protection that you may have, such as:
- Cellular wireless telephone insurance programs
- Insurance policies for homeowners, renters, automobiles, or employers
Coverage is provided after you use all other available insurance or protection, and it is subject to this policy’s terms, conditions, exclusions, and coverage limits of this benefit.
This coverage can reimburse you (pay you back) for the cost to repair or replace your Cell Phone if it is ever
- Unable to be recovered as a result of Involuntary and Accidental Parting
“Involuntary and Accidental Parting” means that you have an unintended separation from your Cell Phone, and you know its location but cannot recover it.
This coverage applies to all Cell Phones that appear on your Wireless Bill.
“Wireless Bill” means your Cell Phone providers’ monthly billing statement that includes charges for your data, cellular service, or Cell Phone installment payments.
How to Receive This Coverage
You must use your covered Wells Fargo Credit Card to pay your monthly Wireless Bill.
When the Charge Must Post to Your Covered Account
Your Wireless Bill charge must post to your covered Wells Fargo Credit Card Account one month before your Cell Phone is damaged, stolen, or unrecoverable due to Involuntary and Accidental Parting.
The coverage does not apply if you pay your bill using any of the following:
- Wells Fargo Debit Card
- Wells Fargo Business Credit Card
- Wells Fargo Commercial Card
- The card that you link to your Line of Credit
- When Coverage Starts: The first day of the calendar month after you pay your first Wireless Bill using your covered Wells Fargo Credit Card
- How Long Coverage Lasts: As long as you continue charging your monthly Wireless Bill to your covered Wells Fargo Credit Card
Claims Frequency and Reimbursement Amounts
In a twelve-month period, we will pay up to two claims that reimburse you the cost to repair or replace your original Cell Phone. We will reimburse you up to $600 per claim and a maximum of $1200 per twelve-month period. Your reimbursement will be whichever of the following amounts is less:
- The cost to repair the Cell Phone, minus your deductible.
- The cost to replace the Cell Phone with similar features and functionality at the current market value at the time of loss, minus your deductible.
- $600 per claim.
You pay a $25 deductible that we subtract from your reimbursement of the cost to repair or replace your Cell Phone.
Examples of What We Do Not Cover
This benefit only covers damage that affects your Cell Phone’s capabilities or functionality and does not cover:
- Cosmetic damage
- Cracked screens
For the complete Cellular Telephone Protection coverage benefits, limitations, and exclusions, go to: www.wellsfargo.com/credit-cards/active-cash/guide-to-benefits/. Virginia Surety Company, Inc. provides this Cellular Telephone Protection.
Please note: We encourage you to set up automatic payments with your cellular provider. We do not require you to do so to qualify for Cellular Telephone Protection. However, to receive this Coverage, you must have paid your Wireless Bill with your covered Wells Fargo Credit Card in the month before your Cell Phone was either stolen, lost, or damaged.