Wells Fargo Lively Money® Card overview
The no-annual-fee Wells Fargo Lively Money® Card (see charges and charges) affords a strong 2% cash-back on purchases and an interesting welcome supply. And with no annual charge and a handful of different perks, it may very well be an excellent possibility for individuals who desire a rewarding but easy card of their wallets. Card Ranking*: ⭐⭐⭐½
*Card Ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Bank card rewards can usually be sophisticated with limited-time affords, switch companions and excessive annual charges. The Wells Fargo Lively Money card takes a easy strategy by providing limitless 2% money rewards on purchases. It would not carry an annual charge or have any bonus classes to recollect.
It is also a Visa Signature® card, which has many perks and advantages usually seen on extra premium playing cards. You may desire a credit score rating of 670 or increased for the very best probability at approval.
Here is the whole lot it’s good to know in regards to the Wells Fargo Lively Money card.
Lively Money welcome supply
The Wells Fargo Lively Money card is presently providing a $200 money rewards bonus if you spend $500 in purchases within the first three months of account opening.
This does not maintain a candle to the worth you may get with one of many high journey rewards playing cards available on the market, nevertheless it’s fairly customary for a cash-back card with no annual charge.
Lively Money advantages
A few of the extra notable perks on the Lively Money embrace cellphone safety and nil legal responsibility safety. Whenever you pay your month-to-month cellphone invoice with the Lively Money card, Wells Fargo will cowl as much as $600, topic to a $25 deductible (as much as twice per 12 months) for harm or theft.
In the meantime, with zero legal responsibility safety, if an unauthorized buy is made in your bank card, the exercise might be promptly reported, and you’ll not be held accountable.
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The Wells Fargo Lively Money can be a Visa Signature® card and comes outfitted with advantages reminiscent of 24/7 concierge service and entry to Visa’s Luxurious Lodge Assortment.
These are some strong advantages for a card with no annual charge.
Incomes rewards on the Lively Money
The Wells Fargo Lively Money card is an effective way to earn an ordinary fee of return on purchases. With it, you may earn 2% within the type of money rewards on purchases — together with journey, rideshare companies, eating and extra. Money rewards won’t expire so long as the account stays open.
There aren’t any bonus classes, so all qualifying purchases will earn the identical cash-back rewards. Nevertheless, cardholders don’t earn money rewards on stability transfers, money equivalents (like present playing cards and cash orders), lottery tickets or on line casino chips.
Redeeming rewards on the Lively Money
The money rewards you earn with the Lively Money card might be redeemed as assertion credit to cowl purchases beginning at $1. Nevertheless, you have to have sufficient rewards in your account to cowl your complete transaction. In different phrases, the $200 in rewards you earn as a part of the welcome supply cannot be used for an announcement credit score on a $300 buy.
Money rewards may also be redeemed for a deposit to your Wells Fargo checking account or as a cost towards the principal on a Wells Fargo mortgage. Different redemption choices embrace money from a Wells Fargo ATM in $20 increments (solely obtainable with a Wells Fargo debit card) and present playing cards in $25 increments.
Whereas this card would not supply as many redemption choices as a few of our favourite journey rewards playing cards, the simplicity has its personal enchantment. TPG bank cards author Emily Thompson loves the flexibility of cash-back rewards to cowl something from journey bills to an sudden dwelling restore.
Which playing cards compete with the Lively Money?
The money rewards bank card world is stuffed with no-annual-fee playing cards, however just a few can examine to the Lively Money.
For added choices, try our full record of the very best cash-back bank cards.
Associated: Flat-rate vs. bonus-category cash-back bank cards
Is the Lively Money price it?
The dearth of an annual charge makes the Wells Fargo Lively Money card interesting to all varieties of bank card customers, nevertheless it’s a very good possibility for rookies. Nevertheless, the cardboard does have a 3% international forex conversion charge, so cardholders who frequently journey or spend internationally ought to rethink and go for a card with out international transaction charges.
Backside line
The Wells Fargo Lively Money card is a good cash-back rewards card for folks in search of a easy rewards construction. Some extra skilled bank card customers could really feel it’s lacking the power to maximise incomes potential. Nevertheless, should you’re out there for a no-frills money rewards card with no annual charge, the Wells Fargo Lively Money card may very well be the proper addition to your pockets.
Apply right here: Wells Fargo Lively Money Card
