What credit score do you need to get a Wells Fargo Active Cash card? (2024)

FAQs

What credit score do you need to get a Wells Fargo Active Cash card? ›

To qualify for the Wells Fargo Active Cash® Card, you typically need at least a FICO® score of at least 670. However, the issuer also looks at other factors, such as the amount of credit card accounts you have and the time frame from which you opened a new account.

The Wells Fargo Active Cash® Card is best for applicants with good credit, which typically means a credit score of 670 or higher.

Some cardholders have reported approval with scores as low as 650. This is a cobranded credit card that Wells Fargo offers with Bilt, a rewards program for paying rent. The Bilt Mastercard® is unique in that it's the rare rewards card designed for earning points on rent, with no extra transaction fees.

The Wells Fargo Active Cash Card credit limit is $1,000 or more. Everyone who gets approved for Wells Fargo Active Cash is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that.

One of the easiest Wells Fargo credit cards to get is the Dillard's Store Card because you only need fair credit (a credit score of 640+) to be approved. Most Wells Fargo credit cards aren't that easy to obtain since they require good or excellent credit (a credit score of 700+) for approval.

Wells Fargo credit cards generally require applicants to have a credit score of 700 or higher (good credit) and earning enough income to afford the monthly bill payments. You also need an SSN or ITIN, and you need to be 18+ years old.

It may be hard to get approved for the Wells Fargo Active Cash card if your credit score isn't at least 670 or higher. While there's no strict minimum requirement, the card typically approves those with a credit score within the good to excellent range.

A 612 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.

What percentage do you get back with Wells Fargo Active Cash card? ›

The Wells Fargo Active Cash earns 2 percent cash rewards back for purchases, no matter when you pay your statement balance or where you bank.

Wells Fargo starting credit limit: It's important to remember that $1,000 is the lowest credit limit you'll start out with if you're approved for an account. However, you could receive a higher limit. The actual limit you'll receive is based on your credit history, income, employment status, level of debt, and more.

Wells Fargo primarily reviews credit information through Experian and Transunion. Wells Fargo also provides free credit score monitoring through Experian. Wells Fargo also has a prequalification tool.

To qualify for the Active Cash, you'll likely need a good credit score of at least 670 on the FICO Score model to qualify.

Once you apply online you will receive an application ID and a phone number you may call to check the status of your application if you are not instantly approved. If you are not instantly approved, we will mail you a credit decision within 5 to 7 business days.

The savings account option clearly favors Wells Fargo. Not only do they pay higher interest, but they also offer a bonus, which Chase does not. For CDs, it depends on the term and the amount you have to invest. For example, Wells Fargo's five-month special rate CD pays up to 4.51% APY.

Yes, the Wells Fargo Active Cash card does a hard pull. In fact, that's the case whenever you apply for any credit card, loan or line of credit.

If you are not instantly approved, we will mail you a credit decision within 5 to 7 business days. If you are approved, you will receive a mail package with information intended to help you better understand your credit report and a copy of the applicable Wells Fargo Privacy Notice.

Wells Fargo credit cards credit limits can be quite high, depending on your credit standing; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000.

Credit bureau used by Wells Fargo

Wells Fargo primarily reviews credit information through Experian and Transunion. Wells Fargo also provides free credit score monitoring through Experian.