Wells Fargo Announces Active Cash℠ Credit Card, Cash Back Card is First in New Multi-Card Suite - Seite 2

“We are pleased to mark a new era in Wells Fargo Credit Cards with the arrival of the Active Cash Card, the first in our new portfolio of Visa cards,” said Mike Weinbach, Wells Fargo’s CEO of Consumer Lending. “Each of these new cards and the different values they’ll offer are thoughtfully designed with specific customer needs in mind. We are proud to provide a best-in-class customer experience, and lay the foundation for Wells Fargo’s arrival as a cards competitor to watch.”

Active Cash will be accepted anywhere Visa Credit is accepted, from millions of merchants worldwide.

In addition to shaking up its consumer credit card offerings, Wells Fargo is also enhancing its position in the co-branded credit cards space. Last fall, Hotels.com announced the launch of its first-ever credit card — the Hotels.com Rewards Visa Credit Card, issued and serviced by Wells Fargo. Designed with the traveler in mind, the card helps customers transform everyday spending into travel rewards. Purchases made with the card help a cardholder earn a “stamp” to be used toward reward nights at participating hotels.

“Our focus on building momentum in the co-branded card space is another exciting step in our transformation, and we believe the business is ripe for growth at Wells Fargo. We look forward to bringing even more co-brand card partners to Wells Fargo's proven marketing and underwriting capabilities, as well as new rewards strategies. Together we can deliver great value and exclusive benefits to customers,” said Weinbach.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies and small businesses in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.