Wells Fargo Reflect® Card
Our experts awarded Best 0% Intro APR Credit Card and Best Balance Transfer Credit Card to the Wells Fargo Reflect® Card in 2022. (See rates and fees.) And it's not hard to figure out why.
The Wells Fargo Reflect® Card offers one of the longest 0% intro APR periods for purchases and balance transfers that we've seen. New cardholders get 0% intro APR on purchases and qualifying balance transfers for 21 months from account opening, and then the go-to rate of 18.24%, 24.74%, or 29.99% Variable APR.
You'll effectively get a nearly two-year break on interest, which can help you pay off credit card debt faster and avoid interest on new purchases.
On top of the lengthy 0% intro APR period, this card offers a balance transfer fee of 5% or $5 (whichever is greater) for transfers requested in the first 120 days of account opening.
Bottom line:
- 0% intro APR on purchases & qualifying balance transfers for 21 months from account opening -- one of the longest intro periods we’ve seen.
- Cell phone protection against damage or theft (a very underrated perk)
- $0 annual fee
Simply put, you'd be hard pressed to beat this card if you're looking to temporarily avoid credit card interest.
Wells Fargo Reflect® Card
4.50 out of 5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor4.50 out of 5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor2022 Award Winner
Winner of best 0% intro APR credit card and best balance transfer credit card!
Intro APR 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 21 months from account opening
Balance Transfers: 0% intro APR, 21 months from account opening on qualifying balance transfers
Regular APR
18.24%, 24.74%, or 29.99% Variable APR
Annual Fee N/A
$0
- 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.
What we like about Wells Fargo Reflect® Card
0% intro APR for 21 months (on both purchases and balance transfers) -- This is where the Wells Fargo Reflect® Card is hard to beat.
It's worth noting that the intro APR applies to balance transfers made within the first 120 days of opening the account. There is also a balance transfer fee of 5% ($5 minimum). Those fee amounts are standard among balance transfer credit cards.
No annual fee -- The Wells Fargo Reflect® Card cuts fees in the right places. Case in point, the card has no annual fee.
Cellphone protection -- When you pay your monthly cellphone bill with your eligible Wells Fargo credit card, you get up to $600 of cellphone protection against damage or theft (subject to a $25 deductible). This is one of those underrated credit card perks. You don't need to pay for cellphone insurance out of pocket, since this card includes protection already.
Special offers -- Through My Wells Fargo Deals, you can earn cash back statement credits on shopping, dining, and experiences that you pay for with your eligible Wells Fargo card.
Pro Tip
To get the most value out of this card, it is best to make any balance transfers during the intro fee period so that you have a lower balance transfer fee to pay.
Suggested credit score
With the quality benefits the card offers, it's primarily aimed at consumers who have a credit score of 670 or better.
Final take
If your priority is a long 0% intro APR, the Wells Fargo Reflect® Card clearly outshines the competition. The 21-month 0% intro APR on purchases is a smart move if you have big expenses coming up or you need to spread out the cost of purchases over time, yet still avoid interest on them during the intro period (but remember to pay it off before you start accumulating interest).
And if you're looking to transfer a current balance, it's hard to find a better pick. Add it all up and it's easy to see why our experts rate this card a perfect 5 stars, and a top card in its category.
There's a right way to swipe
Credit cards with rewards and 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:
- Pay off your card in full each month.
- Choose a card whose features are a good fit for you.
- Don't spend more than you already would.
Follow this and you'll be making your money work overtime for you. Live richly, not risky.
TIP
Want to increase your credit score in as little as one month?
Paying down credit balances is the fastest way to improve your FICO® Score. That's because 30% of your credit score is based on how much of your available credit you're using. Your credit utilization is reported monthly, which means paying off debt could improve your credit score in one month!
BankAmericard® credit card
5.00 out of 5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor5.00 out of 5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = PoorIntro APR 0% Intro APR for 18 billing cycles for purchases. 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR on purchases and balance transfers will apply. A 3% fee applies to all balance transfers.
Purchases: 0% Intro APR for 18 billing cycles for purchases
Balance Transfers: 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Regular APR
16.24% - 26.24% (Variable)
Annual Fee
$0
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- No annual fee.
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
BankAmericard® credit card is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Citigroup is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has positions in and recommends Bank of America, Target, and Visa. The Motley Fool has a disclosure policy.