Our experts awarded Best 0% Intro APR Credit Card and Best Balance Transfer Credit Card to the Wells Fargo Reflect® Card in 2022. And it’s not hard to figure out why.
With on-time payments, 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 for up to 21 months and 0% intro APR on balance transfers up to 21 months from account opening on qualifying balance transfers, and then the ongoing APR of 17.49%-29.49% 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 3% or $5 (whichever is greater) for transfers requested in the first 120 days of account opening. Other cards in the category can charge up to 5% intro fee on balance transfers, making this card a more affordable option for debt transfer.
Bottom line:
- 0% intro APR on purchases & qualifying balance transfers for up to 21 months from account opening. An 18-month 0% intro APR period is automatic, then you can extend it another three months simply by making on-time minimum payments during the intro and extension periods — making the 21-month maximum 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.
Rating image, 5.00 out of 5 stars.
Credit Score:
Good/Excellent (670-850) Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
2022 Award Winner
Winner of best 0% intro APR credit card and best balance transfer credit card!
Intro APR 0% intro APR, up to 21 months from account opening on qualifying balance transfers
Purchases: 0% intro APR, up to 21 months from account opening
Balance Transfers: 0% intro APR, up to 21 months from account opening on qualifying balance transfers
Regular APR
17.49% – 29.49% variable APR
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- 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension for 3 months with on-time minimum payments during the intro period. 17.49% to 29.49% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5.
- $0 Annual Fee
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (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.
- Select “Apply Now” to learn more about the product features, terms and conditions
What we like about Wells Fargo Reflect® Card
0% intro APR for up to 21 months (on both purchases and balance transfers) — This is where the Wells Fargo Reflect® Card is hard to beat. The card starts with a 0% intro APR on purchases and qualifying balance transfers for 18 months. To make it even better, you can get an intro APR extension for three months, for a total of 21 months. All you need to do is make on-time minimum payments during the intro and extension periods.
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 3% ($5 minimum) on transfers made within the first 120 days and 5% ($5 minimum) on transfers made after that. 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 up-to-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.
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!
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Rating image, 4.50 out of 5 stars.
Credit Score:
Good/Excellent (670-850) Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 21 months
Regular APR
18.49% – 29.24% (Variable)
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- No Late Fees, No Penalty Rate, and No Annual Fee… Ever
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.49% – 29.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater, for balance transfers completed within 4 months of account opening.
- Stay protected with Citi® Quick Lock.
Rating image, 5.00 out of 5 stars.
Credit Score:
Good/Excellent (670-850) Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 21 months
Regular APR
17.49% – 28.24% (Variable)
-
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.49% – 28.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
