Wells Fargo Active Cash Card

The Wells Fargo Active Cash Card filing from Wells Fargo & sets out a 11.74% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 7th percentile.

The disclosed terms

Wells Fargo & filed this agreement for Wells Fargo Active Cash Card with the Consumer Financial Protection Bureau. It is issued on the Visa network and the filing runs 12 pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. It is silent on a penalty rate.

The purchase rate in context

11.74% puts the purchase APR near the 7th percentile across 2,280 agreements, so it sits well down in the cheaper fifth of the set.

Because the rate is variable, the figure quoted is tied to an index and will drift with it. Nothing here is a fixed commitment.

Translating the rate into money

The purchase rate turns a $5,000 revolving balance into roughly $623 of annual interest.

Measured against the 21.99% corpus median, the same $5,000 costs approximately $607 less per year here.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The fee structure

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 22.74%. That is 11 points above the purchase rate. Advances under roughly $200 are charged the flat $10; larger ones are charged 5%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Balance transfers cost 29.24% of the amount transferred up front and then accrue at 22.74%. Transferring $5,000 would cost roughly $1,462 at the door.

Spending abroad costs an extra 3% — about $60 on $2,000 of purchases, independent of interest.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

Default pricing

The maximum late fee is $40 — roughly the 72nd percentile of the late fee ceilings disclosed across this index.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

What you cannot learn from the filing

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

The purchase rate of 11.74% is one of the cheaper figures in this index — the central point in the agreement's favour.