Wells Fargo Reflect card review: Refinance debt and even get cellular telephone protection
Editor's Note
Quick summary
Wells Fargo Reflect Card overview
The Wells Fargo Reflect® Card (see rates and fees) is perfect for those looking to refinance their debt with a solid introductory balance transfer opportunity. While light on overall benefits, the card brings you back to the basics and even comes with cellular telephone protection when you pay your monthly bill with this card. Card rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
If reducing your debt is one of your top priorities, a credit card like the Wells Fargo Reflect Card can help you avoid paying interest on balances you carry in the interim.
For no annual fee, you can transfer your balances from your other credit cards to the Wells Fargo Reflect and take advantage of its 0% introductory annual percentage rate for 21 months from account opening on purchases and qualifying balance transfers (then a variable APR of 17.24%, 23.74% or 28.99% applies).
The recommended credit score for applicants is 670 or higher.
Let's take a look at all the details and see if this is the card for you.
Wells Fargo Reflect pros and cons
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Wells Fargo Reflect welcome offer
Unfortunately, the Wells Fargo Reflect does not currently offer a welcome bonus.
That said, most people will likely be applying for this card because they need to finance a large purchase or re-finance existing credit card debt, so a welcome offer is not a deal-breaker here.
Wells Fargo Reflect benefits
The main perk of opening this card is the introductory APR opportunity. If you anticipate a large purchase that you want to finance over 21 months, you'll be saved by the introductory no interest for this period — among the longest we've seen (then a variable APR of 17.24%, 23.74% or 28.99% applies).
For those with existing debt, you can also enjoy 0% introductory APR for 21 months on qualifying balance transfers made within the first 120 days (then a variable APR of 17.24%, 23.74% or 28.99% applies). Just note that there's a balance transfer fee of 5% (with a minimum of $5).
While this card does not allow you to accrue points, miles or even cash rewards, you can receive up to $600 of cellular telephone protection against damage and theft when you pay your monthly cellular telephone bill with your card (subject to a $25 deductible).
Monthly cellular telephone insurance can be pricey, so this excellent protection automatically comes with a card with no annual fee.
The card also includes roadside dispatch, which provides 24/7 emergency roadside assistance, towing and locksmith service if you're ever in a jam.
Related: Link a credit card with cellular telephone protection to your mobile bill
Earning and redeeming rewards on the Wells Fargo Reflect
The Wells Fargo Reflect does not have a rewards-earning structure or program. There are no points or cash back to be earned and redeemed with this credit card.
That may be disappointing, especially since there are cards with introductory 0% APR periods that earn rewards. That said, many of those cards don't have introductory APR periods that last as long as the Wells Fargo Reflect's.
Which cards compete with the Wells Fargo Reflect?
Many issuers have come out with their own debt refinancing credit cards, so there's no shortage of options to compare to the Wells Fargo Reflect.
- If you prefer Citi: With the Citi® Diamond Preferred® Card (see rates and fees), cardholders enjoy a 0% introductory APR for new purchases for the first 12 months of account opening and 0% introductory APR for 21 months for balance transfers completed within the first four months of account opening. Note that there's a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater. After the introductory APR period, there's a 17.24%-27.99% variable APR based on your creditworthiness. To learn more, see our full review of the Citi Diamond Preferred.
- If you prefer Chase: The Chase Slate Edge℠ offers a 0% APR for 18 months on purchases and balance transfers. After the introductory period, a variable interest rate of 19.49%-28.24% applies. Cardholders can lower their interest rate by 2% each year by paying their bill on time and spending at least $1,000 each account anniversary. To learn more, read our full review of the Chase Slate Edge.
- If you prefer rewards with Citi: The Citi Rewards+® Card earns 5 ThankYou points per dollar on hotel, car rentals and attractions booked on CitiTravel.com through Dec. 31, in addition to 2 points per dollar at supermarkets and gas stations on the first $6,000 per year (then 1 point per dollar spent thereafter) and 1 point per dollar on all other purchases. New cardholders also receive a 0% introductory APR for 15 months on purchases and balance transfers; after that, a variable APR between 17.74%-27.74% will apply based on your creditworthiness. To learn more, read our full review of the Citi Rewards+ Card.
The information for the Chase Slate Edge and Citi Rewards+ has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
For additional options, check out our full list of the best balance transfer credit cards and best 0% APR credit cards.
Related: How to do a balance transfer
Is the Wells Fargo Reflect worth it?
In short, it depends on what you're looking for in a card. If avoiding APR and reducing debt are your top priorities right now — instead of earning rewards and creating value — it could be a fit for you. However, anyone looking to earn rewards will want to opt for a different card.
Bottom line
The Wells Fargo Reflect isn't competing on the same level as top rewards cards such as The Platinum Card® from American Express or the Chase Sapphire Reserve®.
Instead, it's for users who need to prioritize financing or refinancing before points and miles. With diligent, on-time payments, your credit score will rise, qualifying you for premium travel rewards credit cards down the road.
Apply here: Wells Fargo Reflect