Wells Fargo Active Cash Card vs. Chase Freedom Unlimited

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A cash back credit card can help you earn a percentage on your everyday spending, but how you maximize the value of your cash back varies from card to card. Some cash back cards offer a flat rate on every purchase regardless of category, and other types of cash back credit cards have bonus categories that earn increased reward rates.

Of all the types of rewards cards, flat-rate cash back is often the simplest, but it also offers great value. Two of our favorite cash back cards available today – the Wells Fargo Active Cash℠ Card and the Chase Freedom Unlimited – fall into this category of cards. But while both have fixed cash rewards, they have distinct differences when it comes to additional rewards, perks, etc.

If you’re considering adding a cashback card to your wallet, either can make a solid choice. Before you decide, here’s what you need to know to choose the right card for your spending habits and credit goals.

Side by side comparison

Active Wells Fargo payment card Chase unlimited freedom
Annual fees $0 $0
Welcome offer $200 in bonus cash when you spend $1,000 on purchases within 3 months of account opening Earn an extra 1.5% back on everything you buy, up to the first $20,000 spent in the first year
Cash back • 2% cash rewards on purchases • 5% off Lyft rides (until March 2022)

• 5% discount on trips booked through Chase

• 3% discount on restaurant and pharmacy purchases

• 1.5% cashback on all other purchases

Other benefits • 0% introductory APR on eligible purchases and balance transfers for 15 months from account opening, followed by a variable APR of 14.99% to 24.99%

• Cell phone coverage worth up to $600 ($25 deductible applies)

• Visa Signature benefits, including concierge service

• 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99% to 23.74%

• Purchase protection against damage or theft

• Extended warranties

• Secondary car rental coverage

• Trip cancellation and interruption insurance

• Travel and emergency assistance services

Bonus Comparison

Chase Freedom Unlimited offers a bonus spread over your first year, rather than an upfront cash bonus. On top of the bonus category rewards, you’ll earn an additional 1.5% on everything you buy, up to the first $20,000 spent in the first year. That equates to up to $300 in bonus cash back.

To earn the $200 Welcome Bonus with the Wells Fargo Active Cash Card, you will need to spend at least $1,000 on purchases. That’s at least $334 in average monthly spending for three consecutive months after account opening. Before applying, it may be worth reviewing your past expenses to ensure that they are feasible within your regular budget.

Comparison of rewards and benefits

For starters, both of these cards offer a base fixed cashback rate on purchases. Where the Wells Fargo Active Cash Card offers a higher unlimited cash rewards rate of 2%, the Chase Freedom Unlimited offers a lower rate of 1.5% cash back on every purchase.

However, Freedom Unlimited also offers bonus reward categories to increase your earnings on certain daily expenses. You’ll get 5% cash back when you book travel through Chase Ultimate Rewards, 5% back on Lyft rides through March 2022, and 3% at restaurants and drugstores.

Pro tip

If you hope to get the most out of the Chase Freedom Unlimited, consider pairing it with a premium Chase travel credit card. You can get more value when you redeem points for travel, and it unlocks the option to transfer points to Chase airline and hotel partners.

To choose between these cards, ask yourself if you prefer to earn less than 1.5% on daily spend with access to additional bonus categories with the Chase Freedom Unlimited, or if you want to keep your rewards as simple as possible with the 2% Wells Active Fargo Payment Card.

Beyond the rewards rate alone, the Chase Freedom Unlimited offers more cardholder benefits and consumer protections. The main added benefit of the Wells Fargo Active Cash card is cell phone protection, but it is also a Visa Signature card, and it comes with additional benefits as part of the program. Chase Freedom Unlimited offers purchase protection against damage or theft, extended warranties on qualifying purchases that come with a manufacturer’s warranty, secondary car rental coverage, trip cancellation and interruption insurance, and services travel and emergency assistance.

APR

These cards come with nearly identical introductory APR offers for purchases and balance transfers, and similar ongoing variable APRs.

  • Wells Fargo Active Cash Card: 0% APR on eligible purchases and balance transfers for 15 months, followed by a variable APR of 14.99% to 24.99%.
  • Chase Freedom Unlimited: 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 14.99% to 23.74%.

Costs

If you use either of these cards to consolidate and pay off debt, they initially charge the same 3% balance transfer fee (minimum $5). After 60 days of account opening, fees increase to 5% (minimum $5) with Chase. Wells Fargo increases the fee to 5% (minimum $5) if you transfer after the first 120 days of account opening.

Both cards also charge the same 3% foreign transaction fee, as well as a 5% cash advance fee (minimum $10). Other fees include a late payment or return payment fee, which can be as high as $40 with either card.

Wells Fargo Active Cash℠ Card

Wells Fargo Active Cash℠ Card

Editor’s note: (4.6/5)
Hunt Unlimited Freedom®

Hunt Unlimited Freedom®

Editor’s note: (4.7/5)
  • Introductory bonus:
    Earn 1.5% Extra Cash Back
  • Annual subscription :

    $0

  • Regular APR:

    14.99% – 23.74% variable

  • Recommended credit:

    670-850 (good to excellent)

  • Apply now external link icon On Chase’s secure site
Citi® Dual Charge Card

Citi® Dual Charge Card

Editor’s note: (4.4/5)
  • Introductory bonus:

    N / A

  • Annual subscription :

    $0

  • Regular APR:

    13.99% – 23.99% (Variable)

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon On the secure site of our partner

Deciding between Wells Fargo Active Cash Card and Chase Freedom Unlimited

Editorial independence

As with all of our credit card reviews, our analysis is not influenced by any advertising partnership or relationship.

The Wells Fargo Active Cash Card and the Chase Freedom Unlimited are two of the best cash back credit cards on the market today, so you can’t go wrong with either one. The best way to determine the right card for you is to determine which one offers the most value for your individual spending habits. If you spend a lot in Freedom Unlimited’s bonus categories, it could bring you more value over time. Otherwise, the higher flat rate rewards of the Wells Fargo Active Cash Card might be the best long-term choice.

No reward strategy is right or wrong, but one may work best for you depending on your spending style and goals.

You can also consider linking one of these cards to another credit card. With just flat-rate rewards, the Wells Fargo card might combine well with any other rewards credit card in your wallet, to help you earn more on purchases that don’t fall under rewards categories.

And with the Chase Freedom Unlimited, you can unlock even more value by pairing it with a Chase Sapphire Preferred Card or Chase Sapphire Reserve. Not only can you pool all of your Chase Points from both cards into your Premium Travel Card Account for 25% more value with Chase Sapphire Preferred and 50% more value with Chase Sapphire Reserve, you can also transfer your points toward Chase Ultimate Rewards transfer. partners in a 1:1 ratio.

Before applying for either card, consider your preferences for welcome bonuses, rewards, redemptions, and how they fit into your overall budget to make the best decision. enlightened.

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