Chip Lupo, Credit Card Writer
@CLoop
The Wells Fargo Reflect card balance transfer fee is 5% (min $5). The balance transfer fee on the Wells Fargo Reflect card is assessed when an eligible debt is moved to the card, and the fee amount will be automatically added to the balance.
This credit card is great for balance transfers, as it offers an introductory APR of 0% for 21 months from account opening on qualifying balance transfers, which can help cardholders save money on interest. For reference, the average balance transfer card offers low interest for 13 months and charges a transfer fee of 2.63%. But keep in mind that a regular APR of 18.24% - 29.99% Variable will apply to the balance after the intro period ends.
There are very few credit cards without a balance transfer fee, so you shouldn’t rule out a balance transfer card simply because of the fee. Instead, you should take all factors into consideration using WalletHub’s Balance Transfer Calculator.
People also ask
Does Wells Fargo Reflect have a 0% APR intro period for new purchases?
Yes, the Wells Fargo Reflect Card has an introductory purchase APR of 0% for 21 months from account opening. Once this intro period expires, any remaining balance on the Wells Fargo Reflect Card will be subject to the regular APR of 18.24% - 29.99% Variable.
Since the average 0% intro APR for new purchases lasts 12 months, the Wells Fargo Reflect Card offer is above average. The Wells Fargo Reflect Card also has a 0% intro APR for balance transfers, lasting 21 months from account opening on qualifying balance transfers. It is accompanied by a balance transfer fee of 5% (min $5).
... read full answerIs Wells Fargo Reflect a Visa or Mastercard?
Wells Fargo Reflect® Card is a Visa, not a Mastercard. You can use your Wells Fargo Reflect Card at nearly 11 million merchants that accept Visa nationwide, and you can use it abroad in more than 200 countries and territories.
There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it’s...
read full answerWhat credit score do you need for the Wells Fargo Reflect card?
The Wells Fargo Reflect card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for the Wells Fargo Reflect card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Wells Fargo Reflect card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent...
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