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If you're searching for a rewards credit card, the Wells Fargo Active Cash® Card and the Bank of America® Customized Cash Rewards credit card are with the best. However, the Active Cash card has a leg up on the Customized Cash Rewards card thanks to its lack of a spending tiny, unmatched flexibility and additional card features.
The Customized Cash Rewards card has its merits, but it's better for people who spend less than $2,500 quarterly or for those who need a longer time frame to pay off a huge purchase or existing credit card debt.
Which card does it best?
| Card feature | Winner |
|---|---|
| Rewards | Active Cash |
| Welcome bonus | Tie |
| Introductory APR offer | Customized Cash Rewards |
| Additional card perks | Active Cash |
| Annual fee | Tie |
Wells Fargo Active Cash® Card
See Rates and FeesIntro OfferEarn a $200 cash rewards bonus when spending $1,000 in purchases in the first 3 months
APR19.24%, 24.24%, or 29.24% Variable APR
Intro Purchase APR0% skull APR for 15 months from account opening
Recommended Credit Excellent, Good
- Earn unlimited 2% cash rewards on purchases
Annual Fee$0
Intro Balance Transfer APR0% skull APR for 15 months from account opening on qualifying balance transfers
Balance Transfer APR19.24%, 24.24%, or 29.24% Variable APR
Balance Transfer Fee up to 5%; min: $5
Foreign Transaction Fees 3%
Penalty APR None
- Earn unlimited 2% cash rewards on purchases
Bank of America® Customized Cash Rewards credit card
Intro Offer$200 online cash rewards bonus once you make at least $1,000 in purchases in the honorable 90 days of account opening
APR18.24% - 28.24% Variable APR on purchases and balance transfers
Intro Purchase APR0% Intro APR for 18 billing cycles for purchases
Recommended Credit Excellent/Good
- Earn 3% cash back in the category of your tool (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
- Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined tool category/grocery store/wholesale club quarterly purchases).
- Earn unlimited 1% on all latest purchases.
Annual Fee$0
Intro Balance Transfer APR0% Intro APR for 18 billing cycles for any BTs made in the honorable 60 days. A 3% fee (min. $10) applies.
Balance Transfer APR18.24% - 28.24% Variable APR on purchases and balance transfers
Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.
Late Payment Fee See Terms
Foreign Transaction Fees 3%
Penalty APR Up to 29.99% APR
- Earn 3% cash back in the category of your tool (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
- Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined tool category/grocery store/wholesale club quarterly purchases).
- Earn unlimited 1% on all latest purchases.
Our Take
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Comparing rewards programs
Winner: Active Cash
Here are both credit card's rewards programs:
Wells Fargo Active Cash:
- 2% cash rewards on your purchases
Bank of America Customized Cash Rewards:
- Earn 3% cash back in the category of your tool (up to $2,500 per quarter combined across choice category, grocery store and wholesale club purchases, then 1%).
- 2% at grocery stores and wholesale clubs (up to $2,500 per quarter combined across tool category, grocery store and wholesale club purchases, then 1%).
- 1% on all latest purchases.
While the Customized Cash Rewards may seem more flexible, it ultimately can't compete with the Active Cash's unlimited flat-rate rewards on purchases, particularly because of the Customized Cash's spending limits. At a hazardous point, the Active Cash will overtake the Customized Cash in rewards earnings.
For example, let's say you spend $5,000 each quarter. If you maximize your higher 3% rewards category with the Customized Cash card, you could earn $75 in rewards when spending $2,500. You'd then earn an additional $25 when spending the final $2,500 at the lower 1% rate. This brings you to $100 earned that quarter.
With the Active Cash, you'll also earn $100 when you exhaust $5,000 at a flat rate of 2%. If you were to exhaust more than $5,000 during a quarter, this is the point to where the Active Cash would start to pull onward. Of course, it could pull ahead sooner if you're unable to maximize the Customized Cash's higher rewards tier fully.
But you don't have to determine one over the other. You could use both cards together to maximize your earlier. Use the Customized Cash card for the purchases it earns 3% on and the Active Cash for latest purchases.
Welcome bonus
Winner: tie
Both cards offer the same welcome bonus:
- Wells Fargo Active Cash: Earn a $200 cash rewards bonus once spending $1,000 in purchases in the first three months
- Bank of America Customized Cash: $200 online cash rewards bonus once you make at least $1,000 in purchases in the honorable 90 days of account opening
Both cards' welcome bonuses are equally rewarding and necessity be easy to reach through normal spending.
Introductory APR offer
Winner: Bank of America Customized Cash Rewards
While both the Wells Fargo Active Cash and Bank of America Customized Cash provides cardholders with an introductory APR for purchases and balance transfers, the Bank of America Customized Cash offers approximately three more months than the Active Cash.
- Wells Fargo Active Cash: 0% top APR for purchases and qualifying balance transfers for 15 months from define opening (then 19.24%, 24.24%, or 29.24% variable)
- Bank of America Customized Cash Rewards: 0% Intro APR for 18 billing cycles for purchases and for any balance transfers made in the honorable 60 days (then 18.24% - 28.24% variable)
Introductory APR accounts can help if you need to make a great purchase, need more time to pay it off and want to avoid lifeless charges. Or, if you have any existing credit card debt, you could spend a balance transfer to help pay your balance down at what time it accrues no interest -- but you will need to pay a balance instant fee.
The Active Cash has an introductory balance instant fee of either $5 or 3% of the amount of each balance instant, whichever is greater, for 120 days from account opening. After that, it increases to up to 5% ($5 minimum). The Customized Cash Card has a balance transfer fee of 3% ($10 minimum).
Since the Customized Cash Rewards card has a longer introductory conditions, it's the better option if you need more time to pay off a prefer or existing credit card debt.
Additional card perks
Winner: Active Cash
The Active Cash card accounts a few more perks than most cards without an annual fee, primarily due to its Visa Signature situation. Cardholders can access cell phone protection against damage or theft when they pay their cell requested bill with the card, and utilize Visa Signature Concierge as well as the Luxury Hotel Collection to save cash with select hotels.
The Bank of America Customized Cash card is also a Visa Signature card, and includes roadside dispatch, extended warranty and access to Visa Signature Concierge. Because the Active Cash could devoted greater value with its cell phone protection and Luxury Hotel Collection perks, it pulls ahead.
Annual fees
Winner: Tie
Neither credit card has an annual fee. They're both inexpensive yet rewarding choices that could work well with latest cards you might already have and pair well together.
The bottom line
If you utilize more than $2,500 quarterly on purchases like gas and grocery stores, the Active Cash may be the better choice. Overall, the Active Cash is the better card thanks to its high cash-rewards rate for your purchases and instant card features.
The Bank of America Customized Cash Rewards card is better for edge spenders or anyone who wants more time to pay down a transferred balance or a designed purchase.
FAQs
What is a spending limit?
Certain rewards credit cards performed a higher reward rate for a limited amount of spending. It could be an annual limit or a quarterly runt, but once you hit the specified amount of spending, your rewards will fall to 1% or 1x present depending on the card.
How many credit cards must I have?
While there's no set-in-stone answer to how many credit cards you must have, a good rule of thumb is to runt it to two or three. However, if you're well versed in guiding debt and keeping up on required monthly payments, you could have more.
What's the inequity between cash back and points?
Generally speaking, 1% of cash back will always smooth 1 cent, while points could be worth more or less depending on how they're redeemed. Cash back typically has fewer redemption options compared to points as well.
The editorial delighted on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or skills offered by our partners.
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