SoFi Unlimited 2% vs Wells Fargo Active Cash Card
Both cards cost $0/yr. The SoFi Unlimited 2% leads on travel; the Wells Fargo Active Cash Card on everyday spending.
Card data as of November 13, 2026.
- SoFi Unlimited 2%
SoFi · No annual fee
Wells Fargo Active Cash CardWells Fargo · No annual fee
Overview
- Annual fee
- SoFi Unlimited 2%$0Wells Fargo Active Cash Card$0
- Welcome offerCurrent public offer
- SoFi Unlimited 2%—Wells Fargo Active Cash Card$100 cash back
- Rewards
- SoFi Unlimited 2%Cash backWells Fargo Active Cash CardCash back
- Foreign transaction fee
- SoFi Unlimited 2%NoneLowestWells Fargo Active Cash Card3%
- Network
- SoFi Unlimited 2%Mastercard World EliteWells Fargo Active Cash CardVisa Signature
Earn ratesPer $1 spent
- Everything else
- SoFi Unlimited 2%2%Wells Fargo Active Cash Card2%
Statement creditsAs the issuer states them · — means none on record
- Rideshare & transit
- SoFi Unlimited 2%
- $5 Lyft + airport savings
Wells Fargo Active Cash Card—
Perks & access— means none on record
- Hotel status & programs
- SoFi Unlimited 2%—Wells Fargo Active Cash Card
- Breakfast for 2, upgrades and VIP status at luxury hotels
- Other perks
- SoFi Unlimited 2%
- 24/7 personal concierge at your service
Wells Fargo Active Cash Card- 24/7 Visa Signature Concierge service
- Extra cash back at select merchants with personalized deals
Protections & insuranceLimits where published · — means none on record
- Rental car
- SoFi Unlimited 2%—Wells Fargo Active Cash Card
- Up to $50,000 rental car coverage when you decline the count
- Cell phone
- SoFi Unlimited 2%
- Cell phone protection ($800/claim)
Wells Fargo Active Cash Card- Up to $600 coverage for damaged or stolen phones
- Other protections
- SoFi Unlimited 2%
- ID Theft Protection
Wells Fargo Active Cash Card- 24/7 worldwide travel and emergency assistance
- Get emergency cash and card replacement worldwide
- Check your FICO score anytime for free
- 24/7 roadside help with free towing up to 5 miles
Pros & cons
- Pros
- SoFi Unlimited 2%
- Unlimited 2% cash back rewards on all eligible purchases, with no caps
- 3% cash back rewards on trips booked through SoFi Travel
- No annual fee and no foreign transaction fees
- World Elite Mastercard benefits and cell phone protection ($800 per claim, $1,000 per year)
Wells Fargo Active Cash Card- Unlimited 2% cash back on every purchase with no category limits
- No annual fee
- $100 welcome bonus after just $500 spend in 3 months
- 0% intro APR for 12 months on purchases and balance transfers
- Cell phone protection up to $600 per claim when paying bill with card
- Cons
- SoFi Unlimited 2%
- Currently invite only - the issuer says to check your mailbox for an offer
- Designed for applicants with excellent credit
- Variable APR of 20.24% to 32.99% makes carrying a balance expensive
- Balance transfers are currently limited to recipients of promotional offers
Wells Fargo Active Cash Card- 3% foreign transaction fee makes it poor for international use
- No bonus categories - heavy dining/travel spenders earn less than category cards
- Points have no transfer partners (cash back only)
- Requires good to excellent credit
- Penalty APR of 29.99% for late payments
Category-by-Category Winner
No unconditional category winner — 1 category depend on how you earn.
Travel
Depends: via issuer travel portal; Must book through the SoFi Travel portal (operated by Expedia)
SoFi Unlimited 2% earns 3X when conditions are met; Wells Fargo Active Cash Card earns 2X (2X without restrictions)
Year One vs Ongoing Value
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Both scenarios favor the Wells Fargo Active Cash Card on net value (rewards, usable credits, fees, and welcome offer).
| Scenario | SoFi Unlimited 2% | Wells Fargo Active Cash Card | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $240 Credits (our usable estimate): $20 − Annual fee ($0) Ongoing: $260 Year one: $260 | Rewards: $348 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $348 Year one: $448 | Wells Fargo Active Cash Card | Wells Fargo Active Cash Card |
| Heavy spender: $4,000/month | Rewards: $960 Credits (our usable estimate): $20 − Annual fee ($0) Ongoing: $980 Year one: $980 | Rewards: $1,392 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $1,392 Year one: $1,492 | Wells Fargo Active Cash Card | Wells Fargo Active Cash Card |
The Bottom Line
Both scenarios favor the Wells Fargo Active Cash Card on net value (rewards, usable credits, fees, and welcome offer).
Frequently Asked Questions
- Which card earns more rewards, the SoFi Unlimited 2% or Wells Fargo Active Cash Card?
- Both cards earn 2X on everyday purchases. The difference is in bonus categories — check the earn rate comparison above for a full breakdown.
- What benefits does the SoFi Unlimited 2% have that the Wells Fargo Active Cash Card doesn't?
- The SoFi Unlimited 2% offers cell phone protection. The Wells Fargo Active Cash Card offers cell phone protection.
- Should I get the SoFi Unlimited 2% or the Wells Fargo Active Cash Card?
- Both cards have the same $0/yr fee. Choose based on which bonus categories match your spending — check the earn rate comparison above.
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published November 13, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.