Wells Fargo Active Cash® Card
vs. Bank of America® Unlimited Cash Rewards credit card

Both the Wells Fargo Active Cash Card and the Bank of America Unlimited Cash Rewards Credit Card offer enticing cash back rewards with no annual fee, making them strong contenders for your wallet. However, the Wells Fargo Active Cash edges ahead with its higher unlimited 2% cash rewards on purchases, compared to the 1.5% offered by the Bank of America card.

While the BofA Unlimited Cash does offer a welcome bonus and additional cash back for Preferred Rewards members, the Wells Fargo card's superior cash rewards rate and additional benefits like cell phone protection make it the standout choice for most users.

You might prefer the Wells Fargo Active Cash if you value a higher rewards rate on your everyday spending. With unlimited 2% cash rewards on purchases, a generous welcome bonus with a lower spending threshold and additional perks like cell phone protection, this card suits those who want to maximize their cash back and enjoy extra benefits.

You might prefer the BofA Unlimited Cash if you are looking for a straightforward cash back card with a slightly lower APR range after the introductory period. The unlimited 1.5% cash back on all purchases and the welcome bonus can provide value, especially if you're a Bank of America customer and can take advantage of their Preferred Rewards program.

Evaluating APRs, fees, credit requirements, rewards, introductory offers and additional features will show the differences between the Wells Fargo Active Cash and BofA Unlimited Cash. Use this section to see which card matches your spending patterns, such as maximizing cash back or minimizing fees.

The Wells Fargo Active Cash card has a higher cash back rate of 2% on all purchases, making it a more rewarding choice for those who prefer a simple, high-earning cash back structure. The BofA Unlimited Cash offers 1.5% cash back on every purchase. While it doesn't match the Active Cash Card's rate, its straightforward rewards program is still appealing for its simplicity and lack of an annual fee.

Both cards offer a flat rewards rate on all purchases, which means there's no need to track spending categories or sign up for quarterly bonuses. This simplicity can be a significant advantage for users who value ease over maximizing rewards in specific categories.

Following this section, you'll find a table that compares the rewards of both cards.

The BofA Unlimited Cash allows for redemptions via direct deposit, credit to eligible Merrill accounts or statement credits, with no expiration as long as the account is active. The Wells Fargo Active Cash offers a broader range of redemption options, including checks, statement credits, direct deposits, merchandise, gift cards, travel or withdrawals from Wells Fargo ATMs in $20 increments. However, it lacks travel partners for point transfers. Rewards on both cards do not expire while the accounts remain open, ensuring that the rewards you earn are yours to use whenever you choose.

MoneyGeek evaluates credit cards like the Wells Fargo Active Cash and BofA Unlimited Cash using a tailored scoring system for various use cases, with cash back being the highest-scoring category for both cards.

The factors influencing their scores include the effective reward rate, which carries the most weight, and the return on investment for card offers. Other considerations include annual fees, issuer satisfaction and recommended credit. For a detailed understanding of our ranking process, you can review our ranking methodology.