Wells Fargo, the fourth-largest bank in the United States by total assets, has not been getting much love on this website for an excellent reason.  

Wells Fargo has been known for defrauding its consumers for the past few years.  The American multinational bank inaccurately foreclosed on their clients, signed them up for insurance, credit cards, and other financial products without their consent, and depleted their checking accounts by charging them excessive fees.

In 2020 alone, Wells Fargo agreed to pay $3 billion to resolve federal civil and criminal investigations into the fake-account scandal, $35 million to the Security Exchange Commission (SEC) to settle a case involving a failure to properly supervise investment advisors and $20 to the state of Maryland in settlement of allegations it misled investors over the safety of its residential mortgage-backed securities. 

You can view Wells Fargo Corporate Rap Sheet here.

Wells Fargo manages to launch the best credit card for middle-income earners and below despite its widespread consumer abuses.  The Wells Fargo Active Cash is loaded with perks and benefits, and the recommended credit score is between 690 and 850.

Wells Fargo Active Card:

The Best Credit Card for the Middle-Class

Best Perks:

• 2% Cash Back on all purchases
• Earn $200 cash reward bonus after spending $1,000 in purchases in the first three months
• 0% introductory APR for 15 months from account opening on purchases and qualifying balance transfers.
• 14.99% to 24.99% variable APR after the introductory APR
• Balance transfers within 120 days from the approval date 
• Up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your card.

People who use credit cards tend to spend more than they need.  Users should work on a personal finance budget and take control of their finances before applying for a credit card. 

The bottom line is that the Wells Fargo Active Cash Card is a solid credit card offering the best perks, including a 2% cashback on all purchases, a 0% introductory APR for 15 months, $200 cash rewards.