Wells Fargo Reflect Card Review 2024: Is It the Best Choice for You?

The Wells Fargo Reflect Card offers a 0% intro APR for 21 months on purchases and balance transfers made within 120 days of account opening. The variable APR will be 18.24%-29.99%. The credit card offers flexibility and helps you save on interest. Look no further than the Wells Fargo Reflect Card. Boastful with a lengthy 0% introductory APR on both purchases and qualifying balance transfers, this card can be a valuable tool for financing large purchases or tackling existing debt.

Quick Highlights

• The Wells Fargo Reflect Card offers a 0% intro APR for 21 months on purchases and qualifying balance transfers.
• After the introductory period, the variable APR ranges from 24% to 29.99%, making it a competitive option for long-term use.
• This card has no annual fee, making it a cost-effective choice for everyday spending.
• Cardholders can enjoy up to $600 in cell phone protection against damage or theft, with a low $25 deductible.
• With My Wells Fargo Deals, cardholders can access personalized deals and earn cash back on their purchases.

Wells Fargo Reflect Card Rewards and Benefits

Rewards

• This card doesn’t offer cash back, miles, or points.

Benefits

The Wells Fargo Reflect Card delivers more than just points. Dive into its additional benefits designed to give you peace of mind and convenience:

Protect your tech

• Cell phone protection: Keep your mind at ease. Up to $600 in coverage for theft or damage to your phone is yours when you pay your monthly bill with your card. Subject to a $25 deductible and specific terms.

Stay informed

• Free credit score access: Monitor your credit health with complimentary access to your FICO score, updated monthly. Make informed financial decisions with this valuable tool.

Hit the road with confidence.

• 24/7 roadside dispatch: Unexpected car trouble? No worries! Receive assistance with towing, flat tires, jump-starts, and even fuel delivery anywhere in the US.
• Auto rental collision damage waiver: Decline the rental agency’s coverage and enjoy secondary protection against damage, vandalism, or theft when you pay with your card. Terms and conditions apply.

Wells Fargo Reflect Card Rates and Fees

• Annual Fee: $0.
• Intro Purchase APR: 0% for 21 months, then 24%-29.99% variable APR.
• Intro Balance Transfer APR: 0% for 21 months on transfers made within 120 days, then 18.24%-29.99% variable APR.
• Minimum interest charge: $1.00 (no leases).
• Balance Transfer Fee: 5% of each balance transfer (minimum $5).
• Late Payment/Penalty Fee: Up to $40.
• Cash Advance Fee: $10 or 5% of each cash advance, whichever is greater.
• Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars.
• Credit Card Limit: The Wells Fargo Reflect® Card offers a credit limit range of $1,000 to $14,000.

How to redeem Wells Fargo Reflect Card rewards 

Cash back earned through the Wells Fargo Reflect Card will be automatically redeemed as a statement credit on your account within 30 days of your qualifying purchase.

You can also redeem rewards through

• Online
• ATM
• Gift Cards

How do you decide if the Wells Fargo Reflect card is right for you?

The Wells Fargo Reflect Card is a best-in-class option for those looking for an ultra-long break from interest. Its 0% intro APR for purchases and balance transfers is one of the most competitive on the market. However, once this promotional period ends, the card only offers additional perks to make it worth long-term use.

1. Extra-long 0% intro APR period: The Wells Fargo Reflect Card offers a lengthy interest-free period. New cardholders get 0% intro APR for 21 months from account opening on purchases and qualifying balances/transfers and then the ongoing APR of 18.24%, 24.74%, or 29.99% variable APR.
2. Cell phone protection: The Wells Fargo Reflect Card offers protection following a growing trend among credit cards. When you use your card to pay for your monthly cell phone bill, you can get up to $600 in coverage—up to two times per year—against theft and damage to your phone.
3. No annual fee: It won’t cost you anything to carry the Wells Fargo Reflect® Card, making it easier to hold onto. Keeping a credit card account open for a more extended period can positively impact your length of credit history and, subsequently, your credit score.

Application and Approval Process

Eligibility criteria

Before applying, it’s crucial to check if you meet the eligibility criteria:

• You must be 18 or older (19 or older in Alabama or Nebraska).
• You must have a valid Social Security number and US residency.
• Wells Fargo generally requires good or excellent credit (FICO score above 670).

Application Process

There are three ways to apply.

• Online: The quickest and easiest option. Visit the Wells Fargo Reflect card website and complete the online application form.
• By phone: Call Wells Fargo customer service at 1-800-956-WELLS (9355).
• In-person: Visit any Wells Fargo branch.

Information Required for 

During the application process, you will be asked to provide:

• Personal information (name, address, Social Security number)
• Employment information (income, employer)
• Contact information (phone number, email address)

Approval Process

Once you submit your application, Wells Fargo will review your credit history and other factors to determine your eligibility.

Approval Factors

• Credit score: This is the most critical factor.
• Income: Higher income generally increases approval chances.
• Debt-to-income ratio: A lower ratio is better.
• Employment history: Stable employment helps.
• Banking relationship with Wells Fargo: Existing customers may have higher approval odds.

After Approval: You will receive your card within 7-10 business days if approved. Remember to activate your card and review the terms and conditions carefully.

Customer Service

• Customer Care: 1-800-642-4720
• Official Website: Wells Fargo Bank

Conclusion

The Wells Fargo Reflect® Card is a good option for cardholders looking to pay down debt or finance a large purchase with a long 0% intro APR. However, the card’s limited rewards program and high variable APR after the intro period make it less appealing for everyday spending. Consider your spending habits and priorities before applying for this card.

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