Why We Geek Out: The Wells Fargo Reflect® card has a lengthy 21-month 0% intro APR for both balance transfers and purchases — one of the longest on the market. It has no annual fee and is ideal if you’re managing multiple, high-interest credit card balances. This card is a top pick for balance transfers with maximum financial flexibility.
Wells Fargo Reflect® Review: Pay Off Your Debt in 21 Months, Interest Free
Updated: June 12, 2024
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MoneyGeek’s Take
The Wells Fargo Reflect® card is worth considering for its generous 21-month 0% intro APR on balance transfers and purchases and its lack of an annual fee. However, the absence of rewards may be a dealbreaker for some people.
This card is good for you if you:
- Have credit card balances from cards not issued by Wells Fargo
- Anticipate a large expense and need to pay it off in installments
This card is an even better option if you’re struggling financially and will need to pay minimums for a while on your existing card balance or upcoming expenses.
Wells Fargo Reflect® Card
Balance Transfer Offer
0% for 21 months on balance transfersBalance Transfer Fee
5% for each balance transfer, minimum $5Annual Fee
$0Recommended Credit
670-850 (Good to Excellent)Wells Fargo Reflect® Card Overview
The Wells Fargo Reflect® Card offers a standout benefit: a 21-month 0% intro APR on balance transfers and purchases, one of the longest among the cards in our database. This is helpful if you’re juggling balances from multiple cards or planning to buy a high-ticket item.
It doesn't have an annual fee, but it also does not provide rewards, which may deter those who want to earn points or cash back with their purchases.
Wells Fargo Reflect® Card Details
Card Details
Card Type: Balance Transfer
Annual Fee: $0
Introductory Offer: No current offer
Introductory APRs: Benefit from 0% APR for 21 months on balance transfers and purchases, ideal for managing existing debt or new expenses
Rewards: No rewards program is available with this card
Regular APRs: After the intro period, the APR ranges from 18.24% , 24.74% or 29.99% (variable)
Balance Transfer Fees: Each transfer incurs a 5% fee, $5 minimum
Late Fees: Up to $40
Foreign Transaction Fee: Each foreign transaction costs 3% in U.S. dollars
Recommended Credit: 670-850 (Good to Excellent)
Other Perks:
- Comes with an up to $600 cellphone protection (with a $25 deductible)
- Access to My Wells Fargo Deals, offering personalized deals when using your card
- Zero liability protection
- Access to an on-demand emergency roadside assistance, towing or locksmith service
Benefits (Why You Might Want to Get This Card)
The Wells Fargo Reflect® Card is an attractive option if you’re looking for a financial breathing room.
21-Month 0% Intro APR. Enjoy a 21-month breather with 0% interest on balance transfers and purchases. This lengthy grace period is perfect for paying down debt or handling big expenses without the stress of added charges. Plus, if life throws you a curveball, like a job loss, you can pay just the minimum for a while without your balance growing from interest.
No Annual Fee. With no yearly cost, this card doesn’t add to your expenses.
Drawbacks and Considerations (Why You Might Want a Different Card)
The Wells Fargo Reflect® Card shines with its 0% intro APR offer, but consider these points before applying.
No Rewards. This card doesn't offer cash back or points. If you're someone who pays off their balance monthly, the Citi Double Cash® can be an attractive alternative. It offers 2% cash back on all purchases while maintaining an 18-month 0% intro APR period on balance transfers.
Balance Transfer Cost. Transferring a balance incurs a 5% fee. For substantial balances, this fee can add up. You may consider the Citi Simplicity® card, which has a similar 0% APR period on balance transfers but a lower balance transfer fee at 3%. The 2% difference can save you $160 if you’re transferring $8,000.
How to Get the Most Out Of Your Wells Fargo Reflect® Card
Maximizing the Wells Fargo Reflect® Card's benefits means smart planning and disciplined use. Its lengthy, no-interest offer can be a breather if you’re down on your luck.
1
Focus on debt reduction
The extended 0% APR period is an opportunity to minimize or pay off your existing debt without interest. Commit to a payment plan that clears your balance within 21 months. If possible, try to pay off your balance in 12–18 months. This way, you have a buffer in case you’re unable to clear off your debt during the initial period.
2
Resist big-ticket purchases
As your balance drops, it may be tempting to reward yourself and splurge for a bit. However, skip on costly items or unnecessary expenses. Remember, you don't want to end up with more debt once that interest-free period ends.
How Wells Fargo Reflect® Compares
The Wells Fargo Reflect®’s 21-month, 0% intro APR period is unbeatable. However, you may want to consider these cards if you’re looking for other features.
Wells Fargo Reflect® vs. Citi Double Cash®
The Wells Fargo Reflect® card has a 21-month, 0% intro APR period on balance transfers and purchases but no rewards. The Citi® Double Cash card offers 18 months of 0% APR on balance transfers and 2% cash back on purchases. If you want to earn cash back and can deal with your balance within 18 months, the Citi® Double Cash is a solid alternative.
Wells Fargo Reflect® vs. Citi Simplicity® Card
Both the Wells Fargo Reflect® and Citi Simplicity® cards offer a 21-month 0% intro APR period on balance transfers. However, Simplicity® stands out with its lower initial balance transfer fee of 3% (compared to Reflect's 5%) and the added advantage of no late fees. Citi Simplicity® can be an alternative if you want lower costs and a more forgiving fee structure.
HOW WE EVALUATED THE WELLS FARGO REFLECT® CARD
Our evaluation of the Wells Fargo Reflect® Card card involved comparing it with 23 other balance transfer cards. We studied the length of 0% APR offers, subsequent variable APRs, balance transfer and other fees and the value of the rewards program, if any.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Wells Fargo. "Wells Fargo Reflect® Card." Accessed January 31, 2024.
- Citi. "Citi Simplicity® Credit Card." Accessed January 31, 2024.
- Citi. "Citi Double Cash® Credit Card." Accessed January 31, 2024.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.