The Wells Fargo Active Cash Card is a solid choice for those seeking a simple, flat-rate rewards structure and offers cash advances. The Apple Card is better suited for those heavily invested in the Apple ecosystem and who can maximize the tiered rewards system, especially with Apple Pay. The Apple Card also benefits users traveling internationally due to the absence of foreign transaction fees.
| Attribute | Wells Fargo Active Cash Card | Apple Card (Goldman Sachs) |
|---|---|---|
| Annual Fee | $0 | None |
| Regular APR | 19.24%, 24.24%, or 29.24% (Variable) | Variable, ranging from 18.24% to 28.49% based on creditworthiness. The APR is based on the Prime Rate plus a margin. |
| Purchase APR | 19.24%, 24.24%, or 29.24% Variable APR | Variable and may fluctuate with the market based on the Prime Rate. |
| Balance Transfer APR | 19.24%, 24.24%, or 29.24% Variable APR | Some sources mention a 0% introductory APR for balance transfers for a limited time. |
| Cash Advance APR | Typically higher than the purchase APR, potentially ranging from 25% to 30% or more. A flat 29.99% APR is also mentioned. | Apple Card does not offer cash advances. |
| Rewards Rate on Purchases | Unlimited 2% cash rewards on all purchases | 3% Daily Cash back on Apple purchases (including Apple Stores, App Store, Apple Music, Apple TV+, and iCloud storage). 3% Daily Cash back at select merchants when using Apple Pay. 2% Daily Cash back on all other purchases made via Apple Pay. 1% Daily Cash back on purchases made with the physical titanium card. |
| Sign-Up Bonus | $200 cash rewards bonus after spending $500 in purchases within the first 3 months | Sign-up bonuses vary. In the past, Apple has offered bonuses such as $300 for new users who register for the Apple Card and spend at least $1500 within 60 days. As of September 8, new Apple Card users can earn $75 Bonus Daily Cash when they spend $75 or more within their first 30 days. |
| Foreign Transaction Fee | 3% of each transaction converted to U.S. dollars | None |
| Credit Score Required | Good/Excellent. A credit score of around 683 has been reported among approved members. | Most approved applicants have a FICO Score 9 of 660 or higher. A score above 670 is generally recommended. |
| Balance Transfer Fee | Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, it's up to 5% for each balance transfer, with a minimum of $5. | None mentioned in the search results. |
| Cash Advance Fee | Either $10 or 5% of the amount of each advance, whichever is greater. | Since Apple Card doesn't offer cash advances, there is no cash advance fee. |
| Introductory APR Period | 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. Balance transfers must be made within 120 days of account opening to qualify. | Some sources mention 0% intro APR on purchases and balance transfers for a limited time. |