What is cash & how does it work?

Cash is legal tender —currency or coins—that can be used to exchange goods, debt, or services. Sometimes it also includes the value of assets that can be easily converted into cash immediately, as reported by a company. Cash is also known as money, in physical form.

What is active income?

Active income is income derived through either business, profession, or salary. The main intention of this income is to provide a stable income throughout a particular period. This income includes hourly wages, salaries, and business profits in which the business owner actively participates. It also includes commission, tips, and side hustle.

What is a cash equivalent?

Cash is the direct ownership of a government-issued currency. This may take the form of physical cash (bills and coins) or digital cash (i.e. bank account balances). Cash equivalents are short-term investments that can be easily liquidate, carry low risk of loss, and have active marketplaces to ensure quick transacting.

What is the Wells Fargo active cash ® card?

The Wells Fargo Active Cash ® Card offers an excellent earning rate, which allows cardholders to Earn unlimited 2% cash rewards on purchases. With a strong uncapped, flat-rate cash back on every purchase, you won’t have to worry about the complexities of rotating spending categories or limits to your earning potential.