Skip to content

Wells Fargo Reflect card review: Refinance debt and even get cell phone protection

Feb. 08, 2023
5 min read
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Editor's Note

This is a recurring post, regularly updated with new information. 

Wells Fargo Reflect® Card overview

The Wells Fargo Reflect® Card (rates & 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 cell phone 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 (APR) for 18 months from account opening on purchases and qualifying balance transfers (then a variable APR of 17.49%-29.49% applies). There is also the potential to extend this period (for three months) by making on-time minimum payments during the introduction period.

Let’s take a look at all the details and see if this is the card for you.

Wells Fargo Reflect welcome Offer

Unfortunately, the Wells Fargo Reflect does not currently offer a welcome bonus when you apply for the card.

Wells Fargo Reflect benefits

As mentioned above, the main perk of opening this card is the introductory APR opportunity. If you anticipate a large purchase that you want to finance over 18 months, you’ll be saved by the introductory interest fees for this period. What’s unique about this card is that there’s an opportunity to extend this introduction APR period for three months, so long as you pay on-time minimum payments during the introductory period. This gives you a total grace period of up to 21 months — amongst the longest we've seen

You can also enjoy 0% introduction APR on qualifying balance transfers made within the first 120 days for those with existing debt (then a variable APR of 17.49%-29.49% applies). Just note that there’s a balance transfer of 3% during this introductory period, then a fee of up to 5% (with a minimum of $5) thereafter.

While there’s no way to accrue points, miles or even cash rewards with this card, you can receive up to $600 of cellphone protection against damage and theft when you pay your monthly cellphone bill with your card (subject to a $25 deductible). Monthly cellphone insurance can be pricey, so this excellent protection automatically comes with a card with no annual fee.

Sign up for our daily newsletter

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 compared to the Wells Fargo Reflect.

  • If you prefer Citi: Citi® Diamond Preferred® Card cardholders enjoy a 0% introductory APR for new purchases for the first 12 months of account opening, and 0% introductory APR for 21 months from the date of the first transfer 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 introduction period, there’s a 17.49%-27.24% variable APR based on your creditworthiness.
  • If you prefer Bank of America: The BankAmericard® credit card also has no annual fee and a 0% introductory APR for 21 billing cycles for purchases and any balance transfers made in the first 60 days. After the introduction APR offer ends, a 15.49%-25.49% variable APR will apply. A 3% fee applies to all balance transfers. For more information, read our full review of the BankAmericard card.

For additional options, check out our full list of balance transfer credit cards.

Read more: 5 tips to make a successful balance transfer

JOHN GRIBBEN/THE POINTS GUY

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.

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 a financing (or refinancing) offer before accruing credit card points and miles. With diligent, on-time payments, you’ll see your credit score rise, qualifying you for these travel rewards credit cards down the road.

Additional reporting by Ryan Wilcox.

Updated 02/28/2023

Featured image by RISKA/GETTY IMAGES
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

TPG featured card

NEW BENEFIT! TAKEOFF15!
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards

1 - 3X points
3XEarn 3X Miles on Delta purchases and purchases made directly with hotels.
2XEarn 2X Miles at restaurants worldwide, including takeout and delivery in the U.S. and at U.S. supermarkets.
1XEarn 1X Miles on all other eligible purchases.

Intro offer

Earn 90,000 Bonus Miles50,000 Bonus Miles
Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.

Annual Fee

$250

Recommended Credit

670-850
Excellent/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

Build your loyalty to Delta by applying for the carrier's mid-tier card option, the Delta SkyMiles Platinum card. The annual fee is quickly recouped by the card's travel perks, such as an application credit to Global Entry or TSA Precheck, annual companion certificate and so much more. Plus you can fast-track to elite status simply through card spend.

Pros

  • Earn bonus Medallion® Qualification Miles (MQMs) and an Medallion Qualifying Dollar (MQD) waiver when you hit specific spending thresholds with your card within a calendar year
  • Receive a Domestic Main Cabin round-trip companion certificate each year
  • Statement credit for TSA PreCheck/Global Entry fee (up to $100)
  • First checked bag free

Cons

  • Doesn't make sense if you don't fly Delta
  • SkyMiles aren't the most valuable airline currency
  • Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights. Plus enjoy Main Cabin 1 Priority Boarding and settle into your seat sooner.
  • New: Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Mile on all other eligible purchases.
  • Enjoy a per-visit rate of $50 per person for Card Members and up to two guests to enter the Delta Sky Club when traveling on a Delta flight.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Apply for Delta SkyMiles® Platinum American Express Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

3XEarn 3X Miles on Delta purchases and purchases made directly with hotels.
2XEarn 2X Miles at restaurants worldwide, including takeout and delivery in the U.S. and at U.S. supermarkets.
1XEarn 1X Miles on all other eligible purchases.
  • Intro Offer
    Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.

    Earn 90,000 Bonus Miles
    50,000 Bonus Miles
  • Annual Fee

    $250
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

Build your loyalty to Delta by applying for the carrier's mid-tier card option, the Delta SkyMiles Platinum card. The annual fee is quickly recouped by the card's travel perks, such as an application credit to Global Entry or TSA Precheck, annual companion certificate and so much more. Plus you can fast-track to elite status simply through card spend.

Pros

  • Earn bonus Medallion® Qualification Miles (MQMs) and an Medallion Qualifying Dollar (MQD) waiver when you hit specific spending thresholds with your card within a calendar year
  • Receive a Domestic Main Cabin round-trip companion certificate each year
  • Statement credit for TSA PreCheck/Global Entry fee (up to $100)
  • First checked bag free

Cons

  • Doesn't make sense if you don't fly Delta
  • SkyMiles aren't the most valuable airline currency
  • Earn 90,000 bonus miles after you spend $4,000 in purchases on your new Card in your first 6 months.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights. Plus enjoy Main Cabin 1 Priority Boarding and settle into your seat sooner.
  • New: Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Mile on all other eligible purchases.
  • Enjoy a per-visit rate of $50 per person for Card Members and up to two guests to enter the Delta Sky Club when traveling on a Delta flight.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees