Credit Cards

Wells Fargo Reflect Card Review: Pros, Cons & Offers

Published On January 8, 2024

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There are lots of credit cards out there in the market. You might get confused about which card is suitable for your financial requirements. With our years of experience in researching in the finance sector, we are here to help you out in your financial decision-making process.

Thus, in this article, we will introduce you to the Wells Fargo Reflect Card review. Wells Fargo is a popular and trusted name in the banking industry.

One of their latest offerings is the Wells Fargo Reflect card, which is designed to help customers build credit and earn rewards. In this article, we will take a closer look at the Wells Fargo Reflect Card, to help you determine what is the best card for you.

What is the Wells Fargo Reflect Card?

Wells Fargo Reflect card is one of the best balance transfer credit cards available in the market. It offers one of the longest intro APR periods on both purchases and balance transfers. It also offers a go-to APR and mobile protection against damage or theft.

Also, note that there is no rewards program or perks available with this card, so it may not be the best choice for the long term. Wells Fargo Reflect card’s balance transfer fee is high at 5%, which will become costlier than you would save with a card that offers a shorter intro APR.

RewardsThis card does not provide a rewards program, aligning with the common practice for balance transfer cards.
0% intro APR OfferEnjoy a 0 percent introductory APR for 21 months on qualifying balance transfers made within 120 days of account opening. Additionally, benefit from a 0 percent intro APR for 21 months on purchases. The variable APR ranges from 18.24 percent to 29.99 percent after the introductory period.
Rates and Fees3 percent foreign currency conversion fee,  5 percent balance transfer fee with a minimum of $5, Late payment fee of up to $40
Other Cardholder PerksCell phone protection, Visa travel benefits, including 24/7 roadside dispatch assistance, My Wells Fargo Deals

Is the Capital One Venture Credit Card familiar to you? It’s amazing! The benefits and incentives are incomparable.

Why do You Need the Wells Fargo Reflect Card?

If you are looking for a credit card to finance new purchases or transfer high-interest debt to a low-interest option for repayment. At that time Wells Fargo Reflect card will be the ideal choice for you.

  • You can enjoy 0% intro APR for 21 months from account opening on both purchases and balance transfers made within the first 120 days.
  • You have to provide a 5% balance transfer fee.
  • After the intro period, a variable APR ranging from 18.24% to 29.99% based on your credit score.
  • Reflect card extended intro APR that offers both purchases and balance transfers is a rare feature. This makes it stand out in comparison to competitors.
  • The Wells Fargo Reflect card gives you the opportunity for a lower ongoing APR range, especially if you want to qualify for a favorable interest rate.
  • The low-end APR is below the average credit card interest rate. This provides you an advantage for those who may not be able to pay off their balance with the intro APR period.

Why do You Need Another Card?

While the Wells Fargo Reflect cards offer an impressive intro APR period for balance transfers, they fall short in terms of long-term value. You also need to consider the fees and absence of rewards when choosing a card.

Despite the long intro APR offer, the Wells Fargo Reflect card may not maximize your overall savings due to its high balance transfer fee. The card has a 5% fee on balance transfer which is on the higher side. Other cards in the market may charge 3% fees, which benefits in savings on interest charges for larger balances.

You should choose between a longer intro APR or a lower transfer fee. You need to consider your financial situation, so use a balance transfer calculator to help in the decision-making. The card also charges a 3% foreign currency conversion fee and a late payment fee of up to $40 with no penalty APR.

The Wells Fargo reflect card lacks a reward program, which limits its long-term value for cardholders. While it is effective for debt payment, a reward card earning benefits on daily purchases will cover the balance transfer fee.

It is important for you to avoid carrying a balance, even on a reward card as interest charges can outweigh the value of rewards. If you want rewards along with a balance transfer option, the Wells Fargo Cash Active Cash card is beneficial for you. It offers a high flat cash rewards rate, a welcome offer, and a solid intro APR period.

The Wells Fargo reflect card has limited perks compared to other no-annual-fee cards. You will get cellphone protection, which is good for theft or damages up to &600 per claim. But it charges 25$ for up to two claims per year.

With this card, you can access My Wells Fargo Deals. It provides offers such as 5% cash back at Starbucks and 20% on Kindly purchases. You will also get the benefit of Standard Visa Traditional, which is most common for Visa Cards.

Pros and cons of the Wells Fargo Reflect Card

No Annual FeeThis card doesn’t come with an annual fee, providing a cost-effective option for those consolidating debt or seeking to save on interest.
Competitive Ongoing APRThe ongoing APR of this card has the potential to be lower than its competitors, offering a chance for cost savings over time.
Extended APR PeriodBenefit from an exceptionally long APR period for a balance transfer card, allowing ample time for debt repayment without incurring additional interest charges.
No Signup BonusUnfortunately, this card lacks a signup bonus, limiting immediate advantages. Without a rewards program, it may have restricted long-term value for cardholders.
High Balance Transfer FeeThe balance transfer fee for this card is relatively high compared to other options in the balance transfer card category, potentially impacting overall cost savings during debt consolidation.

What is the American Express Blue Cash Preferred Card? Have you heard of it? It’s amazing! You get cash back on more than just groceries.

Is the Wells Fargo Reflect Card worth it for you?

If you are looking for a card with a long 0% intro APR on balance transfers and new purchases, the Wells Fargo Reflect Card will be a good option.

It will offers a 21-month 0% intro APR on both balances and on new purchases, which is one of the longest intro APR offers.

This can be a great way to save your money on interest when you are planning to make a large purchase. However, The Wells Fargo Reflect card does not have any other rewards or benefits, so it won’t be as advantageous for you to earn cash back or travel rewards. Moreover, the balance transfer fee is 5% of the amount transferred, which is high.


Overall, the Wells Fargo Reflect card is a good option for people who are looking for a card with a long 0% intro APR on balance transfers and new purchases. However, it is not the best option for you if you are looking for a card with rewards or if you are planning to make a large purchase or a transfer balance. Whether or not the Wells Fargo Reflect card is suitable for you, will depend upon your financial needs and spending habits. We hope this article has provided you with enough insights about the Wells Fargo Reflect card. Have you used the Wells Fargo Reflect Card? Share your experience in the comments below. We have reviewed other cards on this website. So take a look at them for your financial decisions.

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FAQs on Wells Fargo Reflect Card Reviews

You can apply for a Wells Fargo Reflect card by phone, by visiting the nearest Wells Fargo branch or you can apply online.

They charge a 5% amount of the balance transfer fee, 3% on the foreign transaction, and 5% or $5 on cash advance whichever is greater.

It is a good option for people who have a good credit score i.e., 670 or higher, who want to pay off the existing debt without paying interest for the long term, who are willing to pay a balance transfer fee, and who don’t mind a card with no rewards.

if you have a good credit history, a decent income, and not too much debt, you could get a pretty high limit. The smallest amount they start with is $1,000, but some folks say they’ve been approved for as much as $14,000!

You’ll generally want a FICO Score of at least 670, and having a score of 700 or more is even better. This credit card is great if you have good to excellent credit, offering a nice 0% intro APR on purchases and balance transfers for a while.

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