Discover It Vs Wells Fargo Active Cash

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Discover It vs. Wells Fargo Active Cash: Which Cash-Back Card is Right for You?

Are you in the market for a new cash-back credit card? If so, you’ve likely come across the Discover it® Cash Back and the Wells Fargo Active Cash® Credit Card. Both cards offer generous cash-back rewards, but they have some key differences that may make one card a better choice for you than the other.

Discover it® Cash Back: The Basics

The Discover it® Cash Back card offers 5% cash back on rotating categories each quarter, up to the quarterly maximum of $1,500 in purchases. This means that you can earn cash back on categories like groceries, gas, dining out, and Amazon.com purchases. The card also offers 1% cash back on all other purchases.

One of the best things about the Discover it® Cash Back card is that it offers cash back rewards as statement credits, which can be used to offset future purchases or redeemed for cash.

Wells Fargo Active Cash® Credit Card: The Basics

The Wells Fargo Active Cash® Credit Card offers a flat 2% cash back on all purchases. This means that you’ll earn cash back on everything you buy, regardless of the category. The card also offers a 0% introductory APR on purchases and balance transfers for 15 months.

The Wells Fargo Active Cash® Credit Card is a good choice for those who want a simple, no-nonsense cash-back card. It offers a flat 2% cash back rate on all purchases, and there are no rotating categories to keep track of.

Which Card is Right for You?

The best cash-back card for you will depend on your individual spending habits. If you spend a lot of money in rotating categories, the Discover it® Cash Back card may be a better choice for you. However, if you prefer a simple, flat-rate cash-back card, the Wells Fargo Active Cash® Credit Card may be a better option.

Here is a table that compares the two cards:

Feature	Discover it® Cash Back	Wells Fargo Active Cash® Credit Card
Cash back rate	5% on rotating categories, 1% on all other purchases	2% on all purchases
Welcome bonus	$100 cash back after you spend $500 in the first 3 months	None
Annual fee	$0	$0
Regular APR	16.99% – 26.99% Variable APR	16.49% – 26.49% Variable APR
Balance transfer fee	3% of the amount transferred, minimum $5	3% of the amount transferred, minimum $5
Foreign transaction fee	0%	3%

Tips and Expert Advice

Here are a few tips to help you choose the right cash-back credit card for your needs:

• Consider your spending habits. What categories do you spend the most money on? If you spend a lot of money in rotating categories, the Discover it® Cash Back card may be a better choice for you.
• Read the fine print. Make sure you understand the terms and conditions of the card before you apply. Pay attention to the cash back rate, annual fee, and any other fees that may apply.
• Don’t be afraid to ask for help. If you’re not sure which cash-back credit card is right for you, talk to a financial advisor.

FAQs

Q: Which card has a higher cash back rate?

A: The Discover it® Cash Back card has a higher cash back rate of 5% on rotating categories, up to the quarterly maximum of $1,500 in purchases.

Q: Which card has a lower annual fee?

A: Both the Discover it® Cash Back card and the Wells Fargo Active Cash® Credit Card have no annual fee.

Q: Which card is better for balance transfers?

A: The Wells Fargo Active Cash® Credit Card is better for balance transfers because it offers a 0% introductory APR on purchases and balance transfers for 15 months.

Conclusion

The Discover it® Cash Back and the Wells Fargo Active Cash® Credit Card are both great cash-back credit cards. The best card for you will depend on your individual spending habits. If you spend a lot of money in rotating categories, the Discover it® Cash Back card may be a better choice for you. However, if you prefer a simple, flat-rate cash-back card, the Wells Fargo Active Cash® Credit Card may be a better option.

Are you interested in learning more about cash-back credit cards? Leave a comment below and let me know what you’d like to know more about.

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