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If you're looking for the best Wells Fargo credit card for balance transfers, the Wells Fargo Reflect® Card is a great choice. And it offers an extra-long interest-free period on new purchases, too.
The Wells Fargo Reflect® Card is one of the absolute best balance transfer credit cards if you're looking for a long intro APR on balance transfers and new purchases. It doesn't earn rewards, however, so you'll receive little value from the card after the interest-free period expires (which is followed by a 18.24%, 24.74%, or 29.99% variable APR) unless you utilize its generous cell phone protection.
Wells Fargo Reflect® Card On Wells Fargo's website Insider’s RatingInsider's Ratings are decided by our editorial team. The rating system considers various factors and evaluates cards against others of the same type so you can pick a card that is a good fit for your goals.
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Icon of check mark inside a promo stamp It indicates a confirmed selection.Perks 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers made within 120 days, then 18.24%, 24.74%, or 29.99% variable APR
Annual Fee Intro APR0% intro APR for 21 months from account opening on purchases and qualifying balance transfers made within 120 days
Regular APR 18.24%, 24.74%, or 29.99% variable Intro Offer Recommended Credit Good to ExcellentIf you're looking for the best Wells Fargo credit card for balance transfers, the Wells Fargo Reflect® Card is a great choice. And it offers an extra-long interest-free period on new purchases, too.
Let's get the worst bit out of the way first: The Wells Fargo Reflect® Card earns no rewards for spending.
Competing 0% intro APR cards include the Citi® Double Cash Card
(0% intro APR on balance transfers for 18 months, then a 19.24% - 29.24% Variable APR), Wells Fargo Active Cash® Card (0% intro APR on purchases and qualifying balance transfers for 12 months from account opening, then a 20.24%, 25.24%, or 29.99% variable APR), and Discover it® Cash Back (0% intro APR for 15 months on purchases and balance transfers, then a 18.24% - 28.24% Variable APR).
These cards all offer a healthy return each time they're swiped, but the Wells Fargo Reflect® Card atones for its rewards deficiency by offering one of the best introductory APR offers we've seen: 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers made within 120 days, followed by a 18.24%, 24.74%, or 29.99% variable APR. I'll explain why that's so rare.
The Wells Fargo Reflect® Card doesn't offer a slew of ongoing benefits (the only perk worth mentioning is its cell phone insurance worth up to $600 per claim). But because the card charges a $0 annual fee, you can freely keep it forever.
Here's why this card sits high on the 0% intro APR credit card food chain.
This card doesn't earn any rewards for your spending. It also currently does not offer a sign-up bonus. If you're interested in earning cash back, airline miles, or hotel points, you are not the Wells Fargo Reflect® Card's target audience.
The Reflect card is specifically for those who either want to pay down debt or have an imminent and sizable purchase they know they won't be able to pay off in a single billing cycle.
Plenty of cards exist that offer both an interest-free period and rewards for your purchases. However, the intro APR terms aren't quite as generous as the Wells Fargo Reflect® Card. For example, the Chase Freedom Flex®
offers 0% intro APR on purchases and balance transfers for the first 15 months (then a 20.49% - 29.24% Variable APR). That's a much shorter 0% interest rate time frame than what's offered by the Wells Fargo Reflect — but the Chase Freedom®
also earns up to 5% cash back on purchases.
Regardless of the 0% intro APR card you choose, remember that you'll still need to make the card's minimum payment each billing cycle. You won't accrue interest, but you must still make payments to keep the account in good standing.
Beware of credit cards that charge "deferred interest." Deferred interest will penalize you if the balance hanging on your card during the 0% APR window isn't paid in full by the time the interest-free period ends. You'll be retroactively charged interest for all the months you've carried a balance. It will completely negate the 0% intro APR offer.
The Wells Fargo Reflect® Card does not charge deferred interest.
The Wells Fargo Reflect® Card offers up to $600 of automatic cell phone protection when you pay your monthly phone bill with the card. You'll need to only pay a $25 deductible per claim. That's an abnormally low deductible among cards that offer cell phone insurance. Cards like the Ink Business Preferred® Credit Card demand a $100 deductible when you file a claim.
You can submit two claims per 12-month period. Just note that you aren't covered for phones that are lost.
Reflect cardholders have access to a roadside dispatch hotline, which can arrange services like standard towing, tire changing, lockout service, and fuel delivery for a flat fee (currently $69.95). This could be handy if you don't otherwise have roadside assistance through AAA or your personal insurance policy.
Emergency cash disbursement and card replacement
If your Reflect card is lost, damaged, or stolen, you can get an emergency cash advance and have your card replaced within one to three days after contacting Visa Global Customer Care Services at 800-847-2911. All costs and expenses are the responsibility of the cardholder, including cash advance and interest fees.
You'll need at least a good credit score to be eligible for the Wells Fargo Reflect® Card. A good credit score is defined by FICO as any score of 670 and above.
This doesn't mean you'll automatically be denied if your score is lower than this — nor does it mean you'll be automatically approved if your score is within range. Banks do not reveal all the factors they consider when examining your application.