Our Verdict
Anyone seeking a 0% intro APR or a balance transfer card will likely appreciate that the Wells Fargo Reflect® Card offers a generous 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. A 18.24%, 24.74%, or 29.99% variable APR applies thereafter. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. However, the card doesn’t offer rewards or many other notable benefits beyond cellphone protection, so give it a pass if you don’t need a long promotional APR period.
Pros
- Generous introductory APR period for purchases and qualifying balance transfers
- $0 Annual Fee
Cons
- No rewards program or welcome bonus
- Balance transfer fee: 5%, min: $5
- 3% Foreign transaction fee
Highlights
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It’s an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
Wells Fargo Reflect® Card Introduction
The Wells Fargo Reflect® Card is light on features but handy for anyone looking to pay down debt or stretch payments on a large purchase. The main selling point of this card is the long introductory rate on both new purchases and eligible balance transfers.
While the introductory rates may entice some applicants, it’s not ideal to use long term. Like most no-annual-fee cards, this one doesn’t come with a large suite of benefits. Notably, purchases don’t earn rewards, which makes the card less attractive than direct competitors that also offer introductory 0% rates.
However, a nice additional benefit that’s standard on many Wells Fargo cards is the included cellphone insurance. When you pay your wireless bill with the Wells Fargo Reflect Card, you’ll have access to $600 in coverage per claim for stolen and damaged phones (subject to a $25 deductible). Two claims may be made per year.
But unless you’ve exhausted all other options, you can find more well-rounded card options than this one.
Featured Partner Offers
Wells Fargo Reflect Quick Facts
- $0 annual fee
- This card does not offer a welcome bonus
- This card does not earn rewards
- Up to $600 in cellphone protection per incident, covering damage or theft. Applies only if you use your card to pay your cell phone bill
- 3% foreign transaction fee
What Is the Wells Fargo Reflect Best For?
As a credit card built for anyone looking for a promotional 0% APR on purchases or balance transfers, the Wells Fargo Reflect® Card ranks on a few best credit card lists on our site.
Wells Fargo Reflect Card Benefits
- Cellphone insurance: You’ll receive free insurance for up to two claims of $600 each per year, assuming you pay your credit card bill with your card. This benefit is subject to a $25 deductible.
- Roadside dispatch: A 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, or locksmith service when you need them.
- Zero liability protection: Complete protection from unauthorized charges.
- My Wells Fargo Deals: Access cash back options across a variety of purchases through the online portal that rewards you for shopping.
0% Introductory Rates
Although there are many cards that offer 0% APR on balance transfers, not all of them also offer an introductory rate on purchases, which sets the Wells Fargo Reflect® Card apart. Customers who meet the transfer eligibility requirements can use this offer to strategically score an interest-free loan on new purchases or existing debt.
Balance transfers won’t accrue interest during the period, but transfer fees still apply. The card offers a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. A 18.24%, 24.74%, or 29.99% variable APR applies thereafter. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies.
Whether you’re making new purchases or transferring debt from an existing card, make sure you can pay off your balance during the promotional period. You’ll also need to make sure you’re making the minimum payment (or more) each month, even during the promotional period, to avoid other fees and maintain your credit score.
Fine Print
Interest Rates
- Regular APR: 18.24%, 24.74%, or 29.99% Variable APR
- Purchase intro APR offer: 0% intro APR for 21 months from account opening
- Balance transfer intro APR offer: 0% intro APR for 21 months from account opening on qualifying balance transfers
Fees
- Annual fee: $0
- Balance transfer fees: 5%, min: $5
- Foreign purchase transaction fees: 3%
How To Maximize the Wells Fargo Reflect Card
As a card that doesn’t earn traditional rewards, the best way to maximize the Wells Fargo Reflect® Card is to utilize its balance transfer perks. Make sure to complete a balance transfer within 120 days of opening your account to take advantage of the card’s 0% introductory APR. If you make a plan to pay off your balance within that time, owning this card could save you significant interest.
Another way to maximize the Wells Fargo Reflect® Card’s benefits is to use the card to pay your monthly cellphone bill. Accidents happen, and by paying your bill with this card each month you will receive insurance for up to two claims of $600 each per year, subject to a $25 deductible.
Finally, you can maximize the Wells Fargo Reflect® Card by receiving cash back through My Wells Fargo Deals. By redeeming My WF Deals, you earn cash back as an account credit when you shop, dine, or enjoy an experience. Most Wells Fargo credit cards are eligible to receive deals, even ones that don’t otherwise earn rewards like the Reflect card.
How the Wells Fargo Reflect Stacks Up
Wells Fargo Reflect® Card vs. Citi Double Cash® Card
The Citi Double Cash® Card offers a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 19.24% - 29.24%, based on creditworthiness. An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $5). However, it also comes with a strong rewards offering of 2% cash back on all purchases—1% when purchases are made and another 1% when they’re paid off, giving it an advantage over the Wells Fargo Reflect® Card. Double Cash rewards can be redeemed for statement credits, deposited into your checking account or redeemed for travel.
The main perk the Wells Fargo Reflect® Card offers compared to the Double Cash is that the 0% APR also extends to new purchases and not just balance transfers.
Wells Fargo Reflect® Card vs. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card may be an appealing alternative to the Wells Fargo Reflect® Card. It offers a 0% intro APR on purchases and balance transfers for 15 months, 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you (rates & fees).
Although you’re trading some time from the introductory APR, you’re gaining the ability to earn a flat 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. On top of that, the card also offers a welcome bonus: $200 cash bonus after spending $500 on purchases within 3 months from account opening.
The Capital One Quicksilver Cash Rewards Credit Card comes with other perks that make holding onto it long-term a good idea. There are no foreign transaction fees, a $0 annual fee and no minimums to cash out your rewards.
Wells Fargo Reflect® Card vs. Chase Freedom Flex℠*
If you’re looking for an all-purpose card that earns elevated rewards across a broad swath of categories, the Chase Freedom Flex℠* could be the needle in the haystack you’ve been searching for. For an annual fee of $0, the card earns 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.
Rewards come as Chase Ultimate Rewards®, a highly flexible currency that can be redeemed for cash back, travel, gift cards, merchandise or combined with rewards earned from a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® to unlock transfers to one of Chase’s travel transfer partners.
Is the Wells Fargo Reflect Card for You?
The Wells Fargo Reflect® Card looks like a decent card for new purchases or eligible balance transfers, but in most scenarios, competing cards offer better options. The lack of a rewards program makes the card mediocre.
If you’re looking for a card with a promotional rate and the alternates listed aren’t a perfect fit, check out our list of the best 0% APR cards before settling for the Wells Fargo Reflect® Card.
Frequently Asked Questions (FAQs)
What credit score is needed for the Wells Fargo Reflect card?
Though Wells Fargo does not publish specific credit score requirements, we expect most consumers will need a good or better credit rating to qualify for the card. This typically means a score of 670 or better on the FICO scale. Wells Fargo does warn that those who’ve opened a Wells Fargo card account in the last six months may not be approved for a new one.
How do you apply for a Wells Fargo credit card?
Applying for a Wells Fargo credit card may be done online through the issuer’s website. Before applying, carefully consider which card is right for you, as each credit card application makes a hard inquiry on your credit report. Too many hard inquiries in too short a period may negatively impact your credit score and potentially prevent you from receiving approval..
Can you be preapproved for the Wells Fargo Reflect card?
You can check for Wells Fargo pre-qualified offers through its website. Pre-qualification does not guarantee approval but may offer some confidence about your chances for approval without impacting your credit score.
When does Wells Fargo report to credit bureaus?
Wells Fargo reports to the three major credit bureaus—Experian, Equifax and TransUnion. Most card issuers make these reports around the same time an account statement is issued.
How do I transfer my balance to the Wells Fargo Reflect card?
Completing a balance transfer with Wells Fargo involves using Wells Fargo’s SUPERCHECKS that may be included with your card, logging on to the issuer’s website or calling the bank’s customer service to initiate the transfer.
*The information for the following card(s) has been collected independently by Forbes Advisor: Chase Freedom Flex℠. The card details on this page have not been reviewed or provided by the card issuer.
