In this Review
Wells Fargo is one of the largest financial institutions in the United States, with branches all over the country. It provides a variety of credit card options, most of them are quite new, including the Wells Fargo Reflect℠ Card.
The main benefits of this card is the long 0% intro APR it offers – 18 months on purchases and balance transfers. Also, it has no annual fee and benefits such as zero liability protection and 24/7 on-demand referral dispatch for roadside emergency assistance.
The card is mainly relevant for those who are looking to leverage the long 0% intro for paying off debt or purchasing a large item. If you're looking for cashback or travel rewards and you have good credit, you may want to shop around for a different card.
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Long 0% Intro APR
- No Annual Fee
CONS
- No Rewards
- No Sign up Bonus
APR
17.49% to 29.49% variable APR
Annual Fee
$0
Balance Transfer Fee
5$ or 5% (the greater)
Credit Requirements
Good - Excellent
More Benefits
- Cell Phone Protection
You will get up to $600 worth of cell phone protection when you pay your phone bill through the card.
- Security Features
Get access to advanced security features, such as 2-step authentication and voice verification when signing into your account
- Wells Fargo Deals
You can access a variety of different types of deals through this offering.
- Roadside Dispatch
You will get access to 24/7 on-demand referral dispatch for roadside emergency assistance.
- Balance Transfer Fee Intro
Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, 5$ or 5% (the greater).
Drawbacks
- No Rewards / Sign Up Bonus
This card option currently does not offer any cashback rewards or sign up bonus (besides the 0% intro APR).
- Foreign Transaction Fee
With this card, you must pay a 3% foreign transaction fee.
Compare The Alternatives
If you're looking for a balance transfer credit card with long 0% intro APR – the Reflect card is definitely a good option, but there are some good alternatives:
|
|
| |
|---|---|---|---|
Capital One Savor card | Chase Freedom Unlimited® card | Citi Simplicity® Card | |
Annual Fee | $0
| $0
| $0
|
Rewards |
1% – 3%
earn unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®), 1 percent on all other purchases.
|
1.5% – 5%
5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
|
None
None
|
Welcome bonus |
$200
$200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
|
Up to $300
additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back
|
None
None
|
Foreign Transaction Fee | None
| 3%
| 3%
|
Purchase APR | 19.24% – 29.24% variable
| 19.49% – 28.24% variable
| 18.49% – 29.24% (Variable)
|
FAQ
Yes, it offers rental insurance for cars if you pay for the full cost with this credit card and you decline the rental company’s insurance. Please review the specific details before, to make sure you're covered as needed.
There are no out and out income requirements and normally you will not have to provide proof of income.
Perhaps you did not meet all of the requirements. You can ask the customer service team what you need to do to get accepted or you can look at other card options.
You are not able to earn any sort of rewards when you are using the Wells Fargo ReflectSM Card to make purchases, so there is no such cap in place for you to consider.
You are not able to earn any sort of rewards when you are using the Wells Fargo ReflectSM Card to make purchases, so there is no such cap in place for you to consider.
Yes, you can get pre-approval when you are signing up for a Wells Fargo ReflectSM Card. This allows you to see if you can get your hands on this card without needing a hard credit check.
The credit limit for this type of credit card is usually at least $500. The exact limit will depend on your personal financial situation that you have outlined in your application.
You are not able to earn any sort of rewards when you are using the Wells Fargo ReflectSM Card to make purchases, so there is no cashback rewards in place for you to consider.
The Wells Fargo ReflectSM Card is a good starter card because it is cost-effective and simple. You also will need to be okay with not earning cashback rewards.
It is not very hard to get your hands on a Wells Fargo ReflectSM Card once you meet all of the requirements that are fairly achievable for most people.
Some of the top reasons to not get the Wells Fargo ReflectSM Card is that it does not offer any cashback rewards and it carries a foreign transaction charge.
Review 0% Intro Balance Transfer Cards
Chase Freedom Flex
Citi Simplicity
Capital One Quicksilver
Chase Freedom Unlimited
Wells Fargo Reflect
Capital One SavorOne
Citi Diamond Preferred
Chase Slate
U.S. Bank Altitude Go Visa
U.S. Bank Cash+ Visa
