Update 7/1/21: Live now, our review here.
Update 6/8/21: Wells Fargo has announced that this card will be released on July 1st and will have the following benefits:
- $200 sign up bonus after $1,000 in spend within the first three months
- Card earns 2% cash back on all purchases
- 0% intro APR for 15 months
Original post: Reddit user LA-and-SF reports that Wells Fargo will release a new credit card called the Active Cash Card on July 1, 2021. The card is being touted internally as their best cash back card ever. No details on the exact rewards structure.
This aligns with the discontinuation of the Propel card and the promise by their CEO that, “we’re working on developing a significantly improved value proposition that we can introduce to the market.”
