Confused between Capital One VentureOne and Wells Fargo Active Cash® Card? Read this comprehensive guide to know which card is perfect for you.
Choosing the right credit card can be a challenging task, especially when there are so many options available in the market. Among these options are Capital One VentureOne and Wells Fargo Active Cash® Card, both of which offer enticing rewards and benefits. However, which one is the right fit for you? In this article, we’ll compare Capital One VentureOne vs. Wells Fargo Active Cash® Card to help you make an informed decision.
What are Capital One VentureOne and Wells Fargo Active Cash® Card?
Capital One VentureOne and Wells Fargo Active Cash® Card are credit cards that offer rewards and benefits to their customers. While both are suitable for people who want to earn rewards on their purchases, they differ in terms of their rewards and benefits.
Capital One VentureOne vs. Wells Fargo Active Cash® Card: Rewards and Benefits
When it comes to rewards and benefits, both cards have their unique offerings. Let’s take a look:
Capital One VentureOne Rewards and Benefits:
- Earn 1.25 miles for every dollar spent
- Earn a one-time bonus of 20,000 miles when you spend $500 on purchases within the first three months
- No annual fee
- No foreign transaction fee
- Travel accident insurance
- 24-hour travel assistance services
- Auto rental collision damage waiver
Wells Fargo Active Cash® Card Rewards and Benefits:
- Earn 2% cashback on purchases
- Earn a one-time bonus of $200 when you spend $1000 on purchases within the first three months
- No annual fee
- No foreign transaction fee
- Cell phone protection
- Purchase protection
- Extended warranty
Capital One VentureOne vs. Wells Fargo Active Cash® Card: Fees and Charges
Credit card fees and charges can add up, so it’s essential to know what you’re signing up for. Here’s a comparison of the fees and charges of both cards:
Capital One VentureOne Fees and Charges:
- Annual fee: $0
- Foreign transaction fee: $0
- Balance transfer fee: $0
- Cash advance fee: $10 or 3% of the amount of each cash advance, whichever is greater
- Late payment fee: Up to $40
- Returned payment fee: Up to $40
Wells Fargo Active Cash® Card Fees and Charges:
- Annual fee: $0
- Foreign transaction fee: $0
- Balance transfer fee: $5 or 3% of the amount of each transfer, whichever is greater
- Cash advance fee: $10 or 5% of the amount of each cash advance, whichever is greater
- Late payment fee: Up to $40
Capital One VentureOne vs. Wells Fargo Active Cash® Card: Eligibility and Approval
To be eligible for either of these cards, you need to meet the following requirements:
Capital One VentureOne Eligibility:
- You must have a good to excellent credit score
- You must be at least 18 years old
- You must have a valid Social Security number
Wells Fargo Active Cash® Card Eligibility:
- You must have a good to excellent credit score
- You must be at least 18 years old
- You must have a valid Social Security number
- You must have a Wells Fargo checking or savings account
Once you meet these requirements, the approval process can take anywhere from a few minutes to a few days. If you’re approved, you’ll receive your card in the mail within 7-10 business days.
Read These Blog Also:
Capital One VentureOne vs. Bank of America® Travel Rewards Credit Card
Capital One VentureOne Card vs. Capital One Venture Rewards Credit Card
Capital One VentureOne vs. Wells Fargo Active Cash® Card: FAQs
Q1. Can I use my Capital One VentureOne or Wells Fargo Active Cash® Card outside the US?
Ans. Yes, both cards can be used outside the US without incurring any foreign transaction fees.
Q2. Is there a limit on the rewards I can earn with these cards?
Ans. No, there is no limit on the rewards you can earn with either card.Q3. Can I transfer my rewards to other loyalty programs?
Ans. Yes, with Capital One VentureOne, you can transfer your miles to over 15+ travel partners. With Wells Fargo Active Cash® Card, you can redeem your rewards as cash back or use them to pay down your Wells Fargo loans or mortgages.
Conclusion
Choosing between Capital One VentureOne vs. Wells Fargo Active Cash® Card can be a tough decision. Both cards offer great rewards and benefits, but which one is right for you depends on your personal preferences and spending habits. If you’re a frequent traveler, Capital One VentureOne might be a better fit for you.