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Wells Fargo Reflect℠ Card

Wells Fargo Reflect℠ Card

Wells Fargo Reflect℠ Card

Regular Purchase APR
12.99%-24.99% Variable APR
Intro Purchase APR
0% intro APR up to 21 months from account opening
Intro BT APR
0% intro APR up to 21 months from account opening on qualifying balance transfers
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
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.

Who is the Wells Fargo Reflect℠ Card best for?

If you have a large amount of high-interest credit card debt that you’re struggling to pay off, you should consider a balance transfer card, like the Wells Fargo Reflect℠ Card.

The newly launched card offers an introductory APR on balance transfers for a year and a half. Additionally, 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 also offers a similar intro APR deal on purchases, which can help you finance a large purchase over time without paying interest charges.

If you’re looking to earn rewards on the purchases you make, this isn’t the card for you, since it doesn’t offer a rewards program. However, when paying down credit card debt, it’s best to focus on paying your balance in full within the promotional period, rather than earning rewards.

We take a look at the pros and cons of the Wells Fargo Reflect℠ Card, and compare it to similar balance transfer credit cards to help you determine if it’s the right fit for you.

Wells Fargo Reflect℠ Card overview

    • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods. 12.99% to 24.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5
    • $0 Annual Fee
    • Get up to $600 of cell phone protection when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
    • Through My Wells Fargo Deals, you can earn cash back in the form of a statement credit while you shop, dine, or enjoy an experience simply by using your eligible Wells Fargo Credit Card
    • Select “Apply Now” to learn more about the product features, terms and conditions
  • Credit needed:
    660 850
    Good/Excellent
  • Cellphone protection
  • My Wells Fargo Deals
  • Free FICO® credit score access
  • Card account activity alerts

Intro Purchase APR

0% intro APR up to 21 months from account opening

Intro BT APR

0% intro APR up to 21 months from account opening on qualifying balance transfers

Annual Fee

$0

Regular Purchase APR

12.99%-24.99% Variable APR

Cash Advance Fee

Refer to Important Credit Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

3% for 120 days from account opening, then up to 5%; min: $5

Pros and cons of the Wells Fargo Reflect℠ Card

Pros

  • Long intro APR on balance transfers
  • Long intro APR on purchases
  • Annual fee
  • Cellphone protection

Cons

  • No rewards program
  • Balance transfer fee

What we like about the Wells Fargo Reflect℠ Card

  • Intro APR on balance transfers

    The Wells Fargo Reflect℠ Card offers one of the longest introductory APR periods currently available on balance transfers. Cardholders receive a 0% intro APR up to 21 months from account opening on qualifying balance transfers. After that, a regular 12.99%-24.99% Variable APR applies.

  • Intro APR on purchases

    If you need to finance a large purchase and pay it off over time, the Wells Fargo Reflect℠ Card allows you to do so interest-free for an extended period of time. The card offers a 0% intro APR up to 21 months from account opening on purchases. After that, a regular 12.99%-24.99% Variable APR applies.

  • Annual fee

    The Wells Fargo Reflect℠ Card comes with a $0 annual fee. But it’s pretty common for a balance transfer credit card not to charge an annual fee.

  • Cellphone protection

    Receive up to $600 in cellphone protection as reimbursement for damage or theft when you use your Wells Fargo Reflect℠ Card to pay your monthly cellphone bill. Note, you will be subject to a $25 deductible.

What to watch out for with the Wells Fargo Reflect℠ Card

  • No rewards program

    The Wells Fargo Reflect℠ Card does not have a rewards program, so you won’t have the opportunity to earn a sign-up bonus or points for the purchases you make.

  • Balance transfer fee

    If you decide to transfer a balance, you’ll be subject to a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5. For example, if you transfer $8,000 to the Wells Fargo Reflect℠ Card within the first 120 days, the balance transfer fee will be $240.

    While it’s typical for a balance transfer card to charge a balance transfer fee, there are a few select cards available with no fee.

Alternative balance transfer card

Compare it to the Citi® Double Cash Card – 18 month BT offer

Disclosures |
Citi® Double Cash Card
Citi® Double Cash Card – 18 month BT offer
on Citibank's secure site
N/A
13.99% – 23.99% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
660 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you are just interested in a card that provides a lengthy intro APR period on balance transfers, but also offers the opportunity to earn rewards on every purchase, the Citi® Double Cash Card – 18 month BT offer is a good option.

The Citi® Double Cash Card offers an intro APR of 0% for 18 months on balance transfers, then an ongoing APR of 13.99% – 23.99% (variable) applies. The card charges a balance transfer fee of 3% of each balance transfer; $5 minimum.

The Citi® Double Cash Card comes with a $0 annual fee and offers a solid flat cashback rate. Cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Cash back can be redeemed as a statement credit, direct deposit or check, or converted to points.

Unlike the Wells Fargo Reflect℠ Card, the Citi® Double Cash Card doesn’t come with an introductory APR offer on purchases.

Compare the Wells Fargo Reflect℠ Card to similar cards

Comparison of four different credit cards
Wells Fargo Reflect℠ Card Citi<sup>®</sup> Double Cash Card – 18 month BT offer Wells Fargo Platinum card BankAmericard<sup><sup>®</sup></sup> credit card
Wells Fargo Reflect℠ Card Citi® Double Cash Card – 18 month BT offer Wells Fargo Platinum card BankAmericard® credit card
Apply Now
on Wells Fargo's secure site
Apply Now
on Citibank's secure site
Read Review
Apply Now
on Bank of America's secure site
Welcome Offer
N/A No bonus N/A $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening.
Rewards Rate
None Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. None Non-rewards card
Annual Fee
$0 $0 $0 $0
Intro Purchase APR
0% intro APR up to 21 months from account opening N/A 0% intro APR for 18 months from account opening 0% Intro APR for 18 billing cycles for purchases
Regular APR
12.99%-24.99% Variable APR 13.99% – 23.99% (Variable) 16.49%-24.49% (Variable) 12.99% - 22.99% Variable APR
Intro Balance Transfer Rate
0% intro APR up to 21 months from account opening on qualifying balance transfers 0% for 18 months on Balance Transfers 0% intro APR for 18 months on qualifying balance transfers 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Regular Balance Transfer Rate
12.99%-24.99% Variable APR 13.99% – 23.99% (Variable) 16.49%-24.49% (Variable) 12.99% - 22.99% Variable APR
Balance Transfer Fee
3% for 120 days from account opening, then up to 5%; min: $5 3% of each balance transfer; $5 minimum. 3% intro for 120 days from account opening, then up to 5%; min: $5 Either $10 or 3% of the amount of each transaction, whichever is greater.
Recommended Credit
Good/Excellent Excellent/Good Excellent/Good Excellent/Good
Card Details
Wells Fargo Reflect℠ Card Citi® Double Cash Card – 18 month BT offer Wells Fargo Platinum card BankAmericard® credit card

Is the Wells Fargo Reflect℠ Card right for you?

The Wells Fargo Reflect℠ Card is a great option for those looking to pay off existing credit card debt or for financing a large purchase, thanks to its extremely long introductory APR period on balance transfers and purchases.

But if you plan to keep a card after paying off your balance, the Citi® Double Cash Card may be a better choice, since it also offers a rewards program.

Whichever card you choose, we recommend creating a plan to pay off your balance before the promotional APR period ends. You can do this by calculating how much your payments need to be each month to pay your balance in full by the deadline and setting up automatic payments.

Apply Now
on Wells Fargo's secure site