Key takeaways
- The Wells Fargo Lively Money® Card provides limitless 2 % money rewards on purchases, making it among the best flat-rate playing cards obtainable.
- This card additionally options an easy-to-earn welcome bonus, a cellphone safety profit and introductory APR provides on each purchases and qualifying steadiness transfers.
- You’ll additionally get entry to Visa Signature perks just like the Visa Signature® Concierge and Visa Signature Luxurious Resort Assortment.
The Wells Fargo Lively Money® Card is a noteworthy flat-rate money rewards bank card. It options a powerful 2 % money rewards construction, an easy-to-earn welcome bonus and introductory APR provides on each purchases and qualifying steadiness transfers.
Hold studying for a extra in-depth take a look at the cardboard’s particulars and checklist of advantages.
Wells Fargo Lively Money rewards program advantages
The Wells Fargo Lively Money may not be the flashiest card, nevertheless it however provides some profitable rewards for individuals who worth money again and ease.
Welcome supply
As a welcome bonus, new cardholders can earn a $200 money rewards bonus after spending $500 on purchases throughout the first three months of account opening. The welcome supply and different perks make it one of many high money again bank cards available on the market. This engaging supply is in keeping with the welcome bonuses that different no-annual-fee money rewards playing cards supply. For instance, the Chase Freedom Flex℠* additionally provides a $200 money bonus after spending $500 throughout the first three months.
Flat money rewards
This card provides limitless 2 % money rewards on all purchases, making it among the many finest flat-rate and finest 2 % money rewards playing cards obtainable. Normally, a flat-rate rewards construction is a perfect selection for individuals who don’t plan on buying closely inside particular bonus classes or choose the simplicity of incomes the identical rewards fee on all purchases.
Redemption choices
By way of redemption choices, you may redeem your rewards for:
- Assertion credit
- Direct deposits right into a Wells Fargo account
- Money at Wells Fargo ATMs (in $20 increments)
- Present playing cards
Wells Fargo Lively Money intro APR advantages
The Wells Fargo Lively Money offers introductory APR provides on each purchases and steadiness transfers. Listed below are the main points:
Intro APR supply on purchases
As a brand new Lively Money cardholder, you’ll get pleasure from a 0 % intro APR on purchases for 15 months from account opening, adopted by a variable APR of 20.24 %, 25.24 % or 29.99 %. This is usually a useful characteristic if it is advisable repay a big buy over time, freed from curiosity.
Intro APR on steadiness transfers
You can even make the most of a 0 % intro APR on qualifying steadiness transfers for 15 months from account opening, adopted by a variable APR of 20.24 %, 25.24 % or 29.99 %. Steadiness transfers have to be made inside 120 days of account opening to qualify for the intro APR supply. Additionally, notice that the Wells Fargo Lively Money fees an introductory 3 % steadiness switch charge ($5 minimal) for the primary 120 days from account opening. After the primary 120 days, the steadiness switch charge will increase to five % ($5 minimal).
This intro APR supply is fairly customary in comparison with different steadiness switch provides amongst rewards playing cards available on the market. In case you’re primarily within the Lively Money resulting from this perk, although, make sure you could afford to repay your debt throughout the 15-month window. If not, there are different high steadiness switch bank cards that provide a 0 % intro APR for as much as 21 months, although these playing cards probably gained’t supply the identical tier of ongoing money rewards.
Wells Fargo Lively Money safety advantages
Along with the intro APR advantages, the Wells Fargo Lively Money additionally comes with its personal safety perk.
Cellphone safety
The Lively Money comes with cellphone safety of as much as $600 per declare while you pay your cellphone invoice along with your bank card (as much as two claims per 12 months; topic to a $25 deductible). This insurance coverage will cowl you towards harm or theft. In case you’re planning to pay for cellphone insurance coverage individually, this profit could possibly be a simple means to save cash.
Wells Fargo Lively Money Visa Signature advantages
As a Visa Signature bank card, the Lively Money comes with Visa Signature advantages, together with:
Visa Signature Concierge
Cardholders get complimentary 24/7 entry to the Visa Signature Concierge. This is usually a helpful perk in the event you want help with planning journey, eating or leisure.
Visa Signature Luxurious Resort Assortment
You’ll additionally get entry to the Visa Signature Luxurious Resort Assortment, which options over 900 luxurious accommodations around the globe. You’ll get premium advantages like computerized room upgrades (when obtainable), complimentary in-room Wi-Fi (when obtainable), complimentary breakfast for 2, a $25 meals or beverage credit score and late checkout upon request (when obtainable).
Maximizing the Wells Fargo Lively Money
If you wish to get essentially the most out of your Lively Money, observe the following tips:
Hit the welcome bonus spending requirement
Maximizing the Wells Fargo Lively Money begins with incomes the welcome bonus, which is a $200 money rewards bonus after you spend $500 throughout the first three months. Fortunately, it’s an easy course of. Be certain that to spend no less than $167 every month for 3 months along with your Lively Money card to earn your $200 money rewards bonus.
Be strategic along with your spending
By way of ongoing rewards, in the event you maintain a number of rewards bank cards with particular bonus classes, use the Lively Money to cowl every little thing your bonus class playing cards don’t cowl. For instance, if in case you have one other card that provides a better rewards fee on groceries, eating and journey, use that card to cowl these kinds of purchases. Then, use the Lively Money for every little thing else — equivalent to payments, gasoline purchases, division retailer buying, and so forth — with a view to earn 2 % money rewards on “non-bonus” spending.
Plan forward to repay debt
In case you plan to make the most of the Lively Money card’s steadiness switch supply, you’ll need to be sure you switch your steadiness throughout the first 120 days of opening your account. There’s an introductory 3 % steadiness switch charge ($5 minimal) for the primary 120 days from account opening, after which the charge will increase to five % ($5 minimal). Plus, the earlier you switch your steadiness, the earlier you’ll be capable to begin paying off your debt, interest-free.
Pay your cellphone invoice along with your Lively Money card
If you wish to make the most of Wells Fargo’s cellphone safety profit, you’ll must be sure you start paying your month-to-month cellphone telephone invoice with the Lively Money. In any other case, you gained’t be capable to make the most of this profit.
The underside line
In case you’re searching for a high money again bank card that provides a excessive money rewards fee on purchases — with no rotating bonus classes to activate and monitor — the Wells Fargo Lively Money could also be a superb match for you. This card may also be value it in the event you’re planning to make a steadiness switch (or repay a big, upcoming buy). On high of that, the welcome bonus, Visa Signature perks and cellphone safety definitely sweeten the pot.
*The details about the Chase Freedom Flex℠ has been collected independently by Bankrate. The cardboard particulars haven’t been reviewed or authorized by the cardboard issuer.
