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The Wells Fargo Reflect® credit card has one of the longest 0% introductory APRs for a credit card, lasting 18 months from account opening with the option to extend 3 more months if you’ve proven to be a responsible borrower. This, coupled with no annual fee, make it one of the best 0% APR credit cards, especially for those looking for a balance transfer credit card.
Quick Review
The Wells Fargo Reflect® card has a great introductory APR period of 0% for up to 21 months from account opening on both purchases and balance transfers. This makes it an excellent card if you’re seeking to consolidate debt through a credit card balance transfer.
This is also a useful card if you have big expenses coming up (e.g., moving homes or buying a car) and want to spread the payments out over time without getting charged interest. Just make sure that you transfer the balance within the first 120 days of opening your account to qualify for the introductory rate.
While this card is great for balance transfers and its extensive 0% APR period, it lacks rewards. While it offers limited rewards through the My Wells Fargo Deals, they only apply to personalized deals from specific merchants and not your overall purchases. Other cards available to good or excellent credit card holders often have cashback programs, credit card miles, or rewards points.
Additionally, the card charges a 3% foreign transaction fee, making it a less-than-ideal option for frequent travelers.
If you need to leave a balance on your credit card or make a balance transfer, we highly recommend this card. Otherwise, your credit score can likely qualify you for more lucrative deals.
Wells Fargo Reflect® Card Important Details
Basic Card Details
- Regular APR: 16.74%–28.74% (variable)
- Introductory APR: 0% for 18 months from date of account opening with a possible 3 month extension
- Annual fee: $0
- Credit card issuer: Wells Fargo Bank
- Rewards: Limited through My Wells Fargo Deals
- Minimum credit limit: $1,000
Additional Information
- Up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your Wells Fargo Reflect® card
- Zero liability protection
- 24/7 emergency roadside assistance, towing, or locksmith service through Roadside Dispatch®
- Earn cash back in the form of statement credit when you shop, dine, or “enjoy an experience” by using your Wells Fargo Reflect® card to make purchases through My Wells Fargo Deals
Wells Fargo Reflect® Card Feature Breakdown
Fees
- Annual fee: $0
- Introductory balance transfer fee: $5 or 3% of the amount (whichever is greater) for 120 days
- Balance transfer fee: Up to 5% with a minimum of $5 (after the introductory 120 days)
- Cash advance fee: $10 or 5% (whichever is greater)
- Foreign transaction fee: 3%
Note that this card charges the standard Wells Fargo foreign transaction fee of 3%. If you plan to use your credit card abroad, consider finding another option with no foreign transaction fees.
Interest Rates
- Introductory APR: 0% introductory APR for 18 months with an extension of up to 3 months
- Purchase APR: 16.74%–28.74% (variable)
- Balance transfer introductory APR: 0% introductory APR for 18 months with an extension of up to 3 months
- Balance transfer APR: 16.74%–28.74% (variable)
- Cash advance APR: 26.74%
- Overdraft protection advance APR: 26.74%
- Minimum interest charge: $1.00
Rewards
The Wells Fargo Reflect® does not offer a standard credit card rewards program.
However, Wells Fargo offers a limited rewards program called My Wells Fargo Deals. This program offers cardholders cash back when shopping with specific merchants after they sign up for the deal.
Despite this, if you’re looking for a good credit card rewards program, the Wells Fargo Reflect® card isn’t right for you.
Cash Advance
The Wells Fargo Reflect® card allows cash advances, meaning you can get cash from the credit card at ATMs or through a bank transfer.
However, cash advances on this card are expensive. They have a high APR of 26.74% and a cash advance fee of 5% of the withdrawal amount, with a minimum charge of $10.
Balance Transfers
The Wells Fargo Reflect® credit card is ideal for balance transfers. If you have too much credit card debt on another high-interest credit card (or cards), you may want to consolidate that debt onto a card with a low APR.
The Wells Fargo Reflect® is the perfect card for this, as it offers no interest for up to 21 months—one of the longest 0% APR periods available today.
Keep a few things in mind if you want to make a balance transfer with a Wells Fargo Reflect® credit card:
- You must request the balance transfer within 120 days of opening your account to get the introductory rates.
- The balance transfer APR will be 0% for 18 months, with the possibility to extend 3 months if you’ve been paying your bills on time.
- After the introductory period, your balance transfer will begin accruing interest at a potentially high rate, as the regular balance transfer APR is between 16.74%–28.74% (variable).
- You’ll be charged a balance transfer fee of 3%, with a minimum charge of $5 on a transfer made in the first 120 days. After that, the fee will go up to 5% of the amount.
Cell Phone Protection
This card offers up to $600 of cell phone protection for damage and theft when you pay your monthly cell phone bill with your Wells Fargo Reflect® card. However, this protection is limited to repairs and replacements of stolen phones, and doesn’t cover lost ones.
Zero Liability Protection
This card comes with built-in protection features that ensure you won’t be held responsible for unauthorized transactions.
Roadside Dispatch
You can get roadside assistance through the Wells Fargo Reflect®, including towing and locksmith services. A minimum $69.95 service charge will apply and cardholders are required to pay the service provider for any mileage over five miles.
Credit Reporting
Wells Fargo reports to credit bureaus every month. This helps cardholders build their credit by keeping their credit reports up-to-date based on the information Wells Fargo provides.
Should You Get the Wells Fargo Reflect® Card?
FinanceJar verdict
The Wells Fargo Reflect® card is an excellent card for anyone looking for a long 0% APR period. This is especially useful if you are seeking to consolidate debt through a balance transfer, or if you have an upcoming expensive purchase that you would like to pay off over time.
If you don’t specifically need a long no-interest period, then you may want to consider other credit cards. For example, if you’re looking for an everyday credit card, consider one that offers cashback rewards or more extensive benefits. Also if you frequently go abroad, look for a card that doesn’t charge foreign transaction fees.
Who is this card for?
- People who carry large balances: The Wells Fargo Reflect® is made for balance transfers, so if that’s what you’re looking for, this is a good card for you. Offering up to 21 months of 0% APR and a generous 120-day limit to make the transfer request (other credit cards may have as short as 21-day periods to make such requests), this is an especially good option if you’re paying down a large balance on one or more credit cards.
- People planning to make a large purchase: If you have a large upcoming purchase or series of expenses that you can’t pay off right away, this card is a good option, as you can have over a year and a half to pay back costs without being charged interest. For example, if you’re in the process of moving, you may want a no-interest credit card to fund some of the more daunting moving expenses.
Comparable Cards
See how the Wells Fargo Reflect® compares with similar credit cards to determine whether it’s the best option for you.
Wells Fargo Reflect® Card vs. Wells Fargo Active Cash® Card
These Wells Fargo cards have several similarities, including that they both offer a 0% introductory APR and no annual fee.
The Wells Fargo Active Cash® card has a 0% APR period that lasts only for 15 months, compared to the potential 21-month period on the Wells Fargo Reflect®.
On the other hand, the Wells Fargo Active Cash® has a no-fuss rewards program, which offers unlimited 2% cash back on all purchases. In addition, you can get a $200 cash bonus if you spend $1,000 in purchases in the first 3 months of account opening.
If you need a long period of time to pay off a purchase or balance transfer, the Wells Fargo Reflect® is the better option. However, if you’re looking for an everyday addition to your wallet, the Wells Fargo Active Cash® is by far the better deal.
Wells Fargo Reflect® Card vs. Capital One Quicksilver Cash Rewards Card
Both these cards have no annual fee and offer introductory 0% APR periods. However, the Quicksilver Cash Rewards card offers only 15 months of the introductory rate while the Wells Fargo Reflect® card offers up to 21 months.
If you need the additional 6 months of 0% APR to pay off a balance transfer or large purchase, then the Wells Fargo Reflect® card may be for you. Otherwise, the Quicksilver Cash Rewards card is the better choice in the long term because it offers unlimited 1.5% cash back on all purchases as well as a $200 cash bonus if you spend $500 within 3 months. Furthermore, the Quicksilver Cash Rewards card doesn’t charge foreign transaction fees, making it better suited for frequent travelers.
Wells Fargo Reflect® Card vs. Citi® Diamond Preferred® Card
Both of these cards offer 0% introductory APR periods for 21 months on balance transfers, while the Citi® Diamond Preferred® card limits the 0% rate to 12 months for purchases. The Citi® Diamond Preferred® also charges 5% for balance transfer fees, regardless of whether they’re requested during the introductory APR period or not.
As neither card offers rewards programs, the Wells Fargo Reflect® is a better choice, as you can potentially pay less for a balance transfer.
