Wells Fargo Active Cash vs. BankAmericard Credit Card Comparison

Q: What are the balance transfer fees for each card?

Both cards charge a balance transfer fee ; BankAmericard is 3% and Wells Fargo Active Cash is 3% initially, then up to 5%.

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When considering the Wells Fargo Active Cash card and the BankAmericard card, you'll find both have no annual fees and enticing introductory APR offers. The Wells Fargo Active Cash edges ahead with its unlimited 2% cash rewards on all purchases and a welcome bonus.

However, the BankAmericard has a longer 0% APR offer on balance transfers. While neither is a co-branded or store card, the Wells Fargo Active Cash card's rewards program and introductory cash bonus make it a more rewarding choice for everyday spending.

Wells Fargo Active Cash® Card

BankAmericard® Credit Card

MoneyGeek Rating

5/ of 5

Rates & Fees

MoneyGeek Rating

4.4/ of 5

Rates & Fees

REVIEW & APPLY

On Issuer's Site

REVIEW & APPLY

On Issuer's Site

Regular APR
19.49%, 24.49%, or 29.49% variable
15.74% - 25.74% variable
0% APR Offer
0% for 12 months on purchases
0% for the first 18 billing cycles
Intro Offer
Earn $200 Cash Back
-
Rewards Summary
Earn unlimited 2% cash rewards
-
Balance Transfer Offer
0% for 12 months on balance transfers
0% for the first 18 billing cycles
Balance Transfer Fee
3% of the amount of each balance transfer
3% of the amount of each transaction
Annual Fee
$0
$0
Recommended Credit
670-850 (Good to Excellent)
670-850 (good to excellent)
Penalty APR
None
None
Not sure?
The Wells Fargo Active Cash stands out with its unlimited 2% cash rewards on purchases and a $200 welcome bonus, making it a clear winner for everyday spending and initial rewards. The BankAmericard, however, offers a longer 0% APR introductory period on purchases and balance transfers, which could be more beneficial for those looking to manage existing debt.
Neither card has an annual fee. The Wells Fargo Active Cash has a shorter 0% APR period and a potentially higher regular APR. Choose the Wells Fargo Active Cash for rewards or the BankAmericard for a longer debt management period.

Which Card Is Better for You?

You might prefer the Wells Fargo Active Cash if: you value earning cash back on every purchase. With unlimited 2% cash rewards and a $200 welcome bonus after meeting the initial spending requirement, this card is a strong contender for everyday spending and comes with additional perks like cell phone protection.

You might prefer the BankAmericard if: you're focused on saving on interest with a balance transfer or planning a large purchase that you intend to pay off over time. The longer 0% APR period on purchases and balance transfers can help you manage your finances without accruing interest.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and introductory offers will show which card aligns with your needs. For instance, if you plan to carry a balance, the BankAmericard's longer intro APR period might appeal to you, while the Wells Fargo Active Cash card's cash rewards could be more beneficial for everyday spending.

Regular APR: BankAmericard

BankAmericard offers a lower starting APR of 16.24% compared to Wells Fargo Active Cash's starting APR of 20.24%.

Annual Fee: Tie

Both the BankAmericard and Wells Fargo Active Cash card offer a $0 annual fee.

Introductory 0% APRs: BankAmericard

For introductory 0% APRs, BankAmericard is superior. It offers 0% intro APR for the first 18 billing cycles for both purchases and transfers, compared to Wells Fargo Active Cash's 15 months. Both cards have a balance transfer fee of 3%, but the longer intro period with BankAmericard provides more value for those seeking to pay down debt without accruing interest.

Rewards: Wells Fargo Active Cash

The Wells Fargo Active Cash has rewards, offering unlimited 2% cash rewards on purchases with rewards that do not expire as long as the account remains open. In contrast, the BankAmericard does not offer any rewards.

Welcome Offers: Wells Fargo Active Cash

The Wells Fargo Active Cash Card is better for welcome offers, offering a $200 cash rewards bonus after spending $500 in the first three months, compared to the BankAmericard Credit Card, which has no welcome offer.

Recommended Credit Score: Tie

Both the Wells Fargo Active Cash and the BankAmericard require a credit score range of 670-850, indicating they are accessible to individuals with good to excellent credit.

Penalties and Fees: Tie

Both the Wells Fargo Active Cash and the BankAmericard impose up to $40 for late payments and have a 3% fee on foreign transactions. Cash advance fees are similarly structured.

Issuer Satisfaction: BankAmericard

For issuer satisfaction, Bank of America leads with a rating of 4.5, compared to Wells Fargo's rating of 4.

Other Features & Perks: Tie

Both cards offer unique perks. Wells Fargo Active Cash includes Visa Signature Concierge and up to $600 cell phone protection. BankAmericard offers free FICO scores.

Methodology

MoneyGeek's ranking process evaluates credit cards across various use cases, such as balance transfers and cash back rewards. The most influential factors in these scores include the effective reward rate and the regular APR for cash back, and the introductory purchase rate and regular APR for balance transfers.

FAQ: Wells Fargo Active Cash vs. BankAmericard

What are the cash back rewards for each card?

The Wells Fargo Active Cash offers unlimited 2% cash back rewards, while the BankAmericard does not have a rewards program.

Do either of the cards offer a welcome bonus?

Yes, the Wells Fargo Active Cash card offers a $200 cash rewards bonus.

How long is the 0% APR introductory offer for each card?

BankAmericard offers a 0% APR for 18 billing cycles, and Wells Fargo Active Cash offers a 0% APR introductory offer for 15 months. Both cards are among the best 0% APR cards.

Are there any annual fees for these cards?

Both Wells Fargo Active Cash and BankAmericard are among the best cards with no annual fee.

What are the balance transfer fees for each card?

Both cards charge a balance transfer fee; BankAmericard is 3% and Wells Fargo Active Cash is 3% initially, then up to 5%.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Wells Fargo Active Cash® Card vs. BankAmericard® Credit Card