The Wells Fargo Reflect Card is a credit card designed for individuals who are looking for long-term financial flexibility with a 0% intro APR on purchases and qualifying balance transfers.
This card offers a 12-month introductory 0% APR period on both purchases and balance transfers, followed by a variable APR.
This makes it a great option for those who need to finance a large purchase or pay off existing credit card debt without paying interest for an extended period.
Another great feature of the Wells Fargo Reflect Card is its no annual fee, which makes it a cost-effective option for consumers who want to benefit from introductory financing without incurring high annual fees.
About the Financial Institution
Wells Fargo & Company is one of the largest and most well-established financial institutions in the United States.
Founded in 1852, it offers a wide range of financial products and services, including banking, investments, loans, and credit cards.
Wells Fargo is known for its extensive network of branches and ATMs, as well as its strong online and mobile banking services.
The company is committed to providing financial solutions to individuals, small businesses, and corporations, and has been a trusted name in the financial industry for over a century.
It is also recognized for its commitment to corporate social responsibility, focusing on environmental sustainability, financial inclusion, and community development.
Who Is This Card For?
The Wells Fargo Reflect Card is best suited for individuals who:
- Need to make large purchases and want to spread the payments over time without paying interest for up to 18 months.
- Have existing credit card debt they want to transfer and pay off without accruing interest for the first year and a half.
- Prefer a simple rewards structure and want to avoid the complexity of tracking bonus categories or rewards tiers.
- Want flexibility in making payments without incurring fees or interest if the balance is paid in full within the introductory period.
- Prefer cards with no annual fee and are looking for a low-cost way to manage their finances.
Card Advantages
- 0% Introductory APR for 18 Months – This card offers an introductory 0% APR on purchases and qualifying balance transfers for the first 18 months, giving cardholders time to pay off large purchases or existing balances without incurring interest charges.
- No Annual Fee – The Wells Fargo Reflect Card does not charge an annual fee, allowing you to save money while benefiting from the introductory APR period.
- 0% APR on Balance Transfers – If you transfer your balance from another credit card, you’ll enjoy the same 0% intro APR on balance transfers for 18 months.
- Flexible Repayment Terms – The 18-month introductory period offers ample time for cardholders to pay off their balances, providing flexibility for managing their financial obligations.
- Access to Wells Fargo Mobile App – Cardholders can manage their accounts easily through the Wells Fargo Mobile App, which allows for quick payments, balance checks, and transaction history tracking.
- Fraud Protection – The Wells Fargo Reflect Card comes with built-in fraud protection, which helps protect you against unauthorized charges and suspicious activity.
Additional Benefits
- Introductory Offer – While the Wells Fargo Reflect Card does not offer a bonus after meeting spending requirements, the 18 months of 0% APR is a substantial benefit for those with significant purchases or outstanding balances to transfer.
- No Late Fees on First Late Payment – Wells Fargo offers one-time leniency, where your first late payment will not incur a late fee.
- Online Account Access – Manage your account, track spending, and make payments through Wells Fargo Online Banking or the mobile app.
- Personalized Spending Insights – Wells Fargo’s mobile app provides users with spending insights to help manage budgets and stay on track with financial goals.
Things to Consider
- Variable APR After Introductory Period – After the 18-month introductory period ends, the APR changes to a variable rate, which could be higher than some other cards with ongoing 0% APR offers.
- Balance Transfer Fee – There is a 3% fee for each balance transfer, which can add up if you are transferring a large amount from another credit card.
- No Rewards Program – While this card offers great introductory APR benefits, it does not come with a rewards program, which might be a drawback for those seeking ongoing rewards for their spending.
Fees and charges
Late Payment: Up to $40;
● Introductory APR: 0% for 21 billing cycles;
● Standard APR: 17.24% - 28.99%;
● Balance Transfer Fee: 5% for each balance transfer, with a minimum of $5;
● Cash Advance: either $10 or 5% of the amount of each advance.
Expert review
The Wells Fargo Reflect Card is an excellent choice for individuals seeking long-term financial flexibility.
With an 18-month introductory 0% APR on purchases and balance transfers, it provides ample time to pay off large purchases or transfer existing debt without interest.
Its no annual fee and no penalty APR on late payments make it a cost-effective option.
However, the card lacks a rewards program, and the balance transfer fee is 3%.
Overall, it's ideal for those looking to manage debt or make purchases with a long repayment window.
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+Positive points
- 18-Month Introductory 0% APR: Enjoy 18 months of 0% APR on purchases and qualifying balance transfers, allowing ample time to pay off balances without accruing interest.
- No Annual Fee: There is no annual fee, making it a cost-effective option for those seeking flexibility without extra costs.
- No Penalty APR: If you miss a payment, there is no penalty APR, which helps avoid higher interest rates on your balance.
- Cell Phone Protection: Pay your monthly cell phone bill with the card to receive cell phone protection against theft, loss, or damage.
- Extended Warranty: Get up to one additional year of warranty coverage on eligible purchases, extending the manufacturer’s warranty.
- Negative points
- No Rewards Program: Unlike some other cards, the Wells Fargo Reflect Card does not offer a rewards program, which could be a downside for those seeking rewards on their spending.
- 3% Balance Transfer Fee: There is a 3% fee for balance transfers, which can add up if you’re transferring large amounts from other cards.
- Variable APR After Intro Period: After the 18-month introductory period ends, the APR becomes variable, which can be higher than other cards with ongoing 0% APR offers.
