Wells Fargo Active Cash vs Citi Double Cash: Which One Is Actually Worth It?
You’re juggling multiple credit card balances and want to simplify your spending with a card that offers solid cash back. The Wells Fargo Active Cash and Citi Double Cash cards are both great contenders, but which one fits your lifestyle better?
| Feature | Wells Fargo Active Cash | Citi Double Cash |
|---|---|---|
| Cash Back Rate | 2% unlimited | 2% (1% on purchase, 1% on payment) |
| Intro APR | 0% for 15 months | 0% for 18 months |
| Annual Fee | $0 | $0 |
| Foreign Transaction Fee | 3% | 3% |
| Sign-Up Bonus | $200 after $1,000 spend in 3 months | ✗ |
| Redemption Options | Statement credit, direct deposit | Statement credit, direct deposit, checks |
✅ Wells Fargo Active Cash Pros
- Generous $200 sign-up bonus with reasonable spending requirement.
- Straightforward 2% cash back on all purchases.
- 15-month intro APR on purchases and balance transfers.
❌ Wells Fargo Active Cash Cons
- Foreign transaction fee of 3% makes it less ideal for international travel.
- Limited redemption options compared to some competitors.
✅ Citi Double Cash Pros
- No annual fee keeps costs low year after year.
- 18-month intro APR period is great for big purchases or balance transfers.
- Flexible redemption, allowing for statement credits, direct deposit, or checks.
❌ Citi Double Cash Cons
- No sign-up bonus, which is a missed opportunity for quick rewards.
- Split cash back requires you to pay off the balance to earn full rewards.
Cash Back Structure
The Wells Fargo Active Cash card gives you a flat 2% back on everything, so you don’t have to think about categories or timelines—just swipe and earn. The Citi Double Cash splits the 2% across purchase and payment, which might push you to pay your balance quicker—a good habit but slightly less rewarding immediately.
Introductory APR and Balance Transfers
Both cards offer an intro APR, but Citi Double Cash wins with an 18-month period. Perfect if you’re planning a large purchase or need to consolidate debt. Wells Fargo’s 15-month period isn’t shabby, but if you’re looking to stretch out those payments, Citi’s got the edge. However, Wells Fargo sweetens the deal with a sign-up bonus, which Citi skips entirely.
Redemption Options
Citi Double Cash offers more flexibility here, letting you redeem as a check, which some might find handy. Wells Fargo sticks to statement credits and direct deposits, which are straightforward but less versatile. If you like having options, Citi’s flexibility might appeal more.
While both cards boast a no annual fee, the foreign transaction fee can catch you off guard if you travel often. Wells Fargo’s sign-up bonus is great, but if you’re not spending enough to meet the requirement, it’s a moot point. Always consider your spending habits before buying into the perks.
Our Final Verdict: Which One Should You Buy?
If you’re someone who loves simplicity and wants an immediate reward for your spending, grab the Wells Fargo Active Cash. It’s perfect for domestic spending with its straightforward cash back and sign-up bonus. However, if you prefer flexibility and plan on carrying balances over longer periods, the Citi Double Cash is your match, especially for strategic spenders who pay off monthly purchases meticulously.
Is there a fee for balance transfers on these cards?
Yes, both cards typically charge a balance transfer fee of around 3-5%, so it’s wise to run the numbers before transferring a large balance.
Can I earn cash back on foreign purchases?
You will earn cash back, but both cards charge a 3% foreign transaction fee, which can eat into your rewards when traveling abroad.
What happens if I miss a payment with these cards?
Missing a payment can result in losing your introductory APR rate and incurring a penalty APR. Timely payments are crucial to making the most of these cards.
