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How To Do A Balance Transfer With Wells Fargo

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated February 28, 2022 . Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you have a hefty amount of high-interest credit card debt, a credit card offering a long 0% intro APR on balance transfers should be on your radar. Once you transfer your debt to a balance transfer card, you can potentially save hundreds of dollars on interest charges, helping you to pay down that debt faster.

Wells Fargo currently offers a balance transfer card with one of the lengthiest interest-free periods available — close to two years.

We’ll walk you through how to transfer your existing debt to a Wells Fargo credit card, including what you need to get started, the necessary steps to take and which Wells Fargo cards provide balance transfer offers.

What you need to initiate a Wells Fargo balance transfer

To begin a balance transfer with Wells Fargo, you’ll need the following:

  1. Your eligible Wells Fargo credit card
  2. The account numbers of the card(s) you want to transfer
  3. The amounts you want to transfer

In order to qualify for the introductory APR offer, you must make your balance transfer request within 120 days of opening your account.

In addition, we recommend creating a plan to pay off your transferred balance within the promotional period before initiating the balance transfer. This means calculating the amount you’ll need to pay each month in order to pay the balance in full before the interest-free period ends.

For example, if you are transferring $5,000 to a card offering a 20-month introductory interest-free period with a 3% balance transfer fee, you’ll need to pay around $258 a month ($5,000 x 3% = $5,150/20 = $257.50) to be debt-free. If you don’t pay the entire balance off by the time the intro period ends, any balance remaining will be subject to the card’s ongoing APR.

How to do a Wells Fargo balance transfer for new applicants

After researching the balance transfer offers available from Wells Fargo, apply for the balance transfer card that best suits your needs.

When applying online, you’ll be asked to to enter information about yourself, including your name, Social Security number, country of citizenship, home address, housing status, monthly mortgage or rent payment and more. Towards the bottom of the page, under “Card options (optional),” you will see an option to check a box if the following applies to you:

“Yes, I would like to transfer balances to my new credit card.”

After checking the box, you’ll be prompted to enter the account number and transfer amount for the balance you want to transfer. Note that you can enter a maximum of three balances, and each transfer amount must be at least $100.

Click “Find my creditor,” and confirm the name of the creditor that matches your account number.

Once approved for the card, you can also request a transfer 10 days after your account is opened.

How to do a Wells Fargo balance transfer for existing cardholders

To transfer a balance to an existing Wells Fargo card, log into Wells Fargo, go to your card account and click into the Credit Card Service Center. Then select “Request Balance Transfer” under “Account Management.”

You can also initiate a balance transfer by calling 800-642-4720.

How long does a balance transfer take with Wells Fargo

After being approved for a balance transfer, it’ll take at least 10 business days for the creditor to receive payment from Wells Fargo.

We should also note — it’s important to continue making monthly payments to your existing creditors until you obtain confirmation that the transfer has been received. This will help prevent you from incurring late charges or delinquencies on those accounts.

What types of debt can you transfer?

You can use a Wells Fargo balance transfer card to transfer the following types of debt:

  • Credit cards
  • Personal loans
  • Auto loans
  • Student loans
  • Home equity loans

Best balance transfer cards from Wells Fargo

Wells Fargo currently offers two credit cards with 0% intro APR offers on balance transfers. These cards do charge balance transfer fees — though that is typical for a card from a major issuer with an intro APR of more than a year.

Wells Fargo Reflect<sup>®</sup> Card

Wells Fargo Reflect® Card

Apply Now
on Wells Fargo's secure site
Intro Purchase APR 0% intro APR up to 21 months from account opening
Annual Fee $0
Regular Purchase APR 15.24% - 27.24% variable APR

The Wells Fargo Reflect® Card, for example, offers a 0% intro APR up to 21 months from account opening on qualifying balance transfers; after that, a 15.24% - 27.24% variable APR applies. This is one of the longest interest-free periods available for a balance transfer card.

There is a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5 with this offer.

The Wells Fargo Reflect® Card also comes with a 0% intro APR up to 21 months from account opening on purchases, then a 15.24% - 27.24% variable APR applies.

The Wells Fargo Reflect® Card is a good option for cardholders who need a long period of time to pay off their transferred balance — the card offers an intro APR on balance transfers for a year and a half. In addition, cardholders can receive an intro APR extension of up to three months with on-time minimum payments during the introductory and extension periods.

The Wells Fargo Reflect® Card comes with a $0 annual fee, but doesn’t offer a rewards program. However, when transferring a card balance, it’s best to focus on paying off your debt within the promotional period, rather than racking up rewards.

  • Cellphone protection
  • Roadside dispatch
  • My Wells Fargo Deals
  • Zero liability protection

The Wells Fargo Reflect® Card, for example, offers a 0% intro APR up to 21 months from account opening on qualifying balance transfers; after that, a 15.24% - 27.24% variable APR applies. This is one of the longest interest-free periods available for a balance transfer card.

There is a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5 with this offer.

The Wells Fargo Reflect® Card also comes with a 0% intro APR up to 21 months from account opening on purchases, then a 15.24% - 27.24% variable APR applies.

The Wells Fargo Reflect® Card is a good option for cardholders who need a long period of time to pay off their transferred balance — the card offers an intro APR on balance transfers for a year and a half. In addition, cardholders can receive an intro APR extension of up to three months with on-time minimum payments during the introductory and extension periods.

The Wells Fargo Reflect® Card comes with a $0 annual fee, but doesn’t offer a rewards program. However, when transferring a card balance, it’s best to focus on paying off your debt within the promotional period, rather than racking up rewards.

  • Cellphone protection
  • Roadside dispatch
  • My Wells Fargo Deals
  • Zero liability protection
Wells Fargo Active Cash<sup>®</sup> Card

Wells Fargo Active Cash® Card

Apply Now
on Wells Fargo's secure site
Intro Purchase APR 0% intro APR for 15 months from account opening
Annual Fee $0
Regular Purchase APR 17.24%, 22.24%, or 27.24% variable APR

The Wells Fargo Active Cash® Card comes with a 0% intro APR for 15 months from account opening on qualifying balance transfers, then a 17.24%, 22.24%, or 27.24% variable APR APR applies. The card charges a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; min: $5.

This $0 annual fee card also offers a 0% intro APR for 15 months from account opening on purchases; after, a 17.24%, 22.24%, or 27.24% variable APR APR applies.

Cardholders can earn earn unlimited 2% cash rewards on purchases — and, in addition, earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months of account opening.

If you want a card with a simple rewards structure, the Wells Fargo Active Cash® Card is a solid choice — it offers a flat cash back rate on every purchase. Cash back rewards can be redeemed for purchases, gift cards or as a credit to a qualifying Wells Fargo credit card, checking account or mortgage. Rewards can also be redeemed at ATMs in $20 increments when you use your Wells Fargo ATM or debit card.

In addition to an intro APR on balance transfers, the Wells Fargo Active Cash® Card offers an intro APR on purchases for a year and a half — which is ideal if you need to finance a large purchase and pay it off over time.

  • Cellphone protection
  • Advanced security features
  • Zero liability protection
  • 24/7 concierge service
  • Luxury Hotel Collection

The Wells Fargo Active Cash® Card comes with a 0% intro APR for 15 months from account opening on qualifying balance transfers, then a 17.24%, 22.24%, or 27.24% variable APR APR applies. The card charges a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; min: $5.

This $0 annual fee card also offers a 0% intro APR for 15 months from account opening on purchases; after, a 17.24%, 22.24%, or 27.24% variable APR APR applies.

Cardholders can earn earn unlimited 2% cash rewards on purchases — and, in addition, earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months of account opening.

If you want a card with a simple rewards structure, the Wells Fargo Active Cash® Card is a solid choice — it offers a flat cash back rate on every purchase. Cash back rewards can be redeemed for purchases, gift cards or as a credit to a qualifying Wells Fargo credit card, checking account or mortgage. Rewards can also be redeemed at ATMs in $20 increments when you use your Wells Fargo ATM or debit card.

In addition to an intro APR on balance transfers, the Wells Fargo Active Cash® Card offers an intro APR on purchases for a year and a half — which is ideal if you need to finance a large purchase and pay it off over time.

  • Cellphone protection
  • Advanced security features
  • Zero liability protection
  • 24/7 concierge service
  • Luxury Hotel Collection

Side-by-side comparison of Wells Fargo balance transfer cards

Credit cardRewards rate
Wells Fargo Reflect® Card0% intro APR up to 21 months from account opening on qualifying balance transfers, then 15.24% - 27.24% variable APRNone
Wells Fargo Active Cash® Card0% intro APR for 15 months from account opening on qualifying balance transfers, then 17.24%, 22.24%, or 27.24% variable APREarn unlimited 2% cash rewards on purchases

Wells Fargo balance transfer: Frequently asked questions

No, Wells Fargo does not allow cardholders to transfer balances from one Wells Fargo card to another card issued by Wells Fargo or any of its affiliates (including any Wachovia account).

For example, you wouldn’t be able to transfer a balance from the Wells Fargo Active Cash® Card to the Wells Fargo Reflect® Card.

A Wells Fargo balance transfer can be a good idea if you have a large amount of high-interest credit card debt. Since Wells Fargo balance transfer cards offer interest-free periods for more than a year, they allow 100% of your monthly payments to go toward the principal instead of interest charges plus the principal — which can help you save in the long run.

Yes. Wells Fargo allows you to transfer up to the amount of your available credit line (minus any balance transfer fees).

To be approved for the Wells Fargo Active Cash® Card or Wells Fargo Reflect® Card, you must have excellent/good credit.

FICO considers a credit score ranging from 670 to 739 to be good, 740 to 799 to be very good and 800 to 850 to be excellent.

Keep in mind that other factors, such as income, may also play a role in your approval.

Tracy Brackman

  • Expertise: Credit cards, credit scoring, personal finance
  • Education: Ohio State University, Florida International University

 


Tracy Brackman is a senior editor and credit card expert at LendingTree, where she writes and edits educational pieces on credit card-related topics and personal finance using her 12+ years of experience in the field.

Before joining LendingTree in 2019, Tracy worked as a products editor for CreditCards.com, where she developed the credit card products section and created content focused on breaking credit card news.

Prior to that, she worked as a product information manager for Bankrate, where she managed the financial and credit card product details and maintained compliance for two affiliate networks, as well as Bankrate-owned and operated sites.

She began working in the credit card space in 2009 as the editorial department manager for FlexOffers, an affiliate marketing company.

Tracy studied marketing at the Ohio State University and Florida International University.

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The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details.