Credit Card
Wells Fargo Reflect® Card Review: 0% APR for 21 months
The Wells Fargo Reflect® Card could be what you need to streamline your financial life! Enjoy 21 months with no interest and no annual fee – follow along and check out all the details of the card.
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Enjoy 0% APR for 21 months on purchases and transfers
If you’re looking for a card that doesn’t require an annual fee and provides transparency, the Wells Fargo Reflect® Card might be the right option.
However, as with any financial decision, it’s crucial to carefully weigh the pros and cons. So, join us in exploring the features, advantages, and crucial considerations of this card, as well as how to apply.
- Credit Score: Not specified.
- Annual Fee: You won’t need to worry about annual fees.
- Purchase APR: Enjoy a 0.00% introductory APR for the first 21 months after opening your account. Following this period, your APR will be determined by your creditworthiness, ranging from 18.24% to 29.99%.
- Cash Advance APR: The Annual Percentage Rate (APR) for cash advances is 29.99%.
- Welcome Bonus: Unfortunately, the product does not provide welcome bonuses for new users.
- Rewards: Access to ‘My Wells Fargo Deals,’ a program that provides personalized merchant offers, allowing cardholders to earn cashback when using the credit card.
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Wells Fargo Reflect® Card: How Does It Work?
The Wells Fargo Reflect® Card is an enticing option that stands out for its initial offer of 0.00% APR for 21 months on purchases and balance transfers, with variable rates ranging from 18.24% to 29.99% after the introductory period.
Its balance transfer option provides a 0.00% APR for 21 months, as long as it is requested within the first 120 days.
Furthermore, the card has no annual fee, ensuring affordability, but it does include fees for balance transfers (5%), cash advances (minimum of $10 or 5% of the advance), and international transactions (3% of the converted amount in U.S. dollars).
In summary, the Wells Fargo Reflect® Card is an appealing choice for those seeking initial advantages in a credit card, with transparency regarding fees.
Pros and Cons of the Wells Fargo Reflect® Card to Consider
Are you curious about the advantages and disadvantages of the Wells Fargo Reflect® Card? Then, explore the enticing benefits and important considerations before deciding if this card aligns with your needs and expectations!
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Pros
- Attractive introductory rate: offers 0.00% APR for 21 months on purchases and balance transfers, providing an initial interest-free period;
- Reduced APR on balance transfers: balance transfer option with a 0.00% APR for 21 months if requested within the first 120 days, an advantageous opportunity for debt consolidation;
- No annual fee: does not have an annual fee, making it accessible to various user profiles;
- Zero liability protection: ensures you won’t be held responsible for unauthorized transactions if reported promptly;
- Award-winning: the card has received several awards, highlighting it as the best 0% APR and balance transfer credit card.
Cons
- Post-introductory high rates: after the initial 0.00% APR period, rates can range from 18.24% to 29.99%, potentially higher than some competitors;
- Balance transfer fee: while it provides an option for a reduced APR on balance transfers, the 5% fee may be considered relatively high compared to other offers in the market;
- Cash advance fee: the minimum fee of $10 or 5% of the cash advance can represent a significant cost for users who need to use this option regularly;
- International transaction fee: the 3% fee on international transactions may be a disadvantage for those who make frequent purchases in foreign currencies;
- Limited benefits: although it offers initial advantages, the card may lack additional benefits compared to other options in the credit card market.
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Qualifications for the Wells Fargo Reflect® Card
Regarding eligibility, the card terms state that if you’ve opened a Wells Fargo credit card account in the last six months, there may be restrictions on qualifying for an additional account.
In other words, Wells Fargo’s policy may limit the total number of credit card accounts you can have open simultaneously.
Guide to Applying for the Wells Fargo Reflect® Card:
To apply for the Wells Fargo Reflect® Card, the process is simple and convenient, conducted online through the card’s official website.
Simply access the site and click on the “Apply Now” option. As you proceed, you will be directed to a form requesting personal information such as name, address, Social Security number or ITIN, among other details.
While filling out the form, you’ll need to provide consent for the electronic delivery of account opening disclosures, as well as information about mobile devices, ensuring that you are the owner of the provided number.
Therefore, make sure to read and agree to the terms and conditions, including arbitration and privacy agreements.
After reviewing and confirming the information, you’ll be ready to submit your application, providing quick and efficient access to the Wells Fargo Reflect® Card.
Would you like to learn about other options? Here’s the Citi® Diamond Preferred® Card.
As you’ve seen, the Wells Fargo Reflect Card offers an attractive proposition with its absence of an annual fee and clarity in terms.
When weighing your options, consider exploring the Citi® Diamond Preferred® Card as well, which features an introductory offer of 0% APR for 12 months on purchases and 21 months on balance transfers.
So, if you want to discover more options, be sure to check out our comprehensive review of the Citi® Diamond Preferred® Card – just click below!
Citi® Diamond Preferred® Card Review: 0% Intro APR
Uncover Citi® Diamond Preferred®! Explore the benefits, financial flexibility, and more in this in-depth analysis.
About the author / Pedro Saynovich
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