Maria Adams, Credit Cards Moderator
@m_adams
The Wells Fargo Reflect® Card interest rate is 17.24% - 29.24% Variable, with the actual rate depending on factors such as your income, credit history and existing debt. The Wells Fargo Reflect card also offers new cardholders an introductory interest rate of 0% for up to 21 months from account opening on purchases and 0% for up to 21 months from account opening on qualifying balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. The regular Wells Fargo Reflect card interest rate is variable, meaning it can change based on certain economic conditions.
Wells Fargo Reflect gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Wells Fargo Reflect card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
In addition to the regular interest rate, Wells Fargo Reflect also charges a separate interest rate on cash advances. All Wells Fargo Reflect card interest rates will be listed on your statement and on your online account summary.
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