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.
The Wells Fargo credit card interest rate is typically within the range of 17.24% - 29.24% Variable, depending on which card you get and your creditworthiness. The Wells Fargo Reflect® Card is one of the best financing options as it offers an introductory purchase APR of 0% for up to 21 months from account opening on both purchases and balance transfers. After that, your remaining balance will accrue interest at a regular APR of 17.24% - 29.24% Variable, based on your creditworthiness. The card also has a balance transfer fee of 3% intro for 120 days, then up to 5% (min $5).… read full answer
All Wells Fargo credit card interest rates are variable, meaning they change over time due to market rate fluctuations. Plus, most are expressed as a range. The better your credit is, the better your chances of getting a lower interest rate. Keep in mind that you’ll need good credit to be approved for most Wells Fargo credit cards.
Here are the Wells Fargo credit card interest rates by card:
The Wells Fargo Reflect card’s regular APR is 17.24% - 29.24% Variable. The card also has an intro APR of 0% for up to 21 months from account opening on both purchases and balance transfers. There’s also a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5).
The Wells Fargo Active Cash card’s regular APR is 19.24% - 29.24% Variable. The card also has an intro APR of 0% for 15 months from account opening on both purchases and balance transfers. There’s also a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5).
The Wells Fargo Autograph Card’s regular APR is 19.24% - 29.24% Variable. The card also has an intro APR of 0% for 12 months from account opening on purchases. The regular APR applies to balance transfers, too. There’s also a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5).
You always want to have the lowest interest rate possible, but that’s also assuming you’ll need to be paying interest. If you commit to paying off your card every month and not spending above your means, it won’t matter what the interest rate is. And then, when you know you have a large purchase coming up that will take time to pay off, you can get a card with a 0% APR. Just make sure you pay off the balance before the 0% APR period ends.
Wells Fargo credit card requirements include having a credit score of 700+ (for most cards) and providing standard personal information such as your name, address, and date of birth. A Social Security Number (SSN) or an Individual Tax Identification Number (ITIN) is also required, and all applicants must be 18+ years old.… read full answer
Wells Fargo Credit Card Requirements
A credit score of 700+ (good credit) for most cards
Physical U.S. address (no P.O. boxes)
18+ years old
Social Security Number (SSN) or an Individual Tax Identification Number (ITIN)
Other factors such as your income, debts, housing payments, and your general ability to afford credit card payments will also be taken into consideration when evaluating an application.
Wells Fargo also issues a number of retail store cards that generally have more lenient approval requirements. So, applicants with fair credit or better (a score of 640) can get approved.
If you want the best Wells Fargo credit card approval odds, make sure to pay your bills on time and try to keep your credit utilization around 30%. And keep in mind that an application will trigger a hard inquiry which may temporarily cause a dip in your credit score. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.
Wells Fargo credit card approval odds are best for people who have good credit. Therefore, all Wells Fargo credit cards require a credit score of 700+.
Other Factors That Determine Your Approval Odds for a Wells Fargo Credit Card
Keep in mind that the higher an applicant’s credit score, the higher their approval odds are likely to be. But approval depends on many other factors as well. For example, applicants must have enough income to make payments on the card. Plus, a higher income also leads to better approval chances. Other factors that will play a role in approval include existing debts, monthly housing payments and more.… read full answer
Ultimately, you can check your Wells Fargo credit card approval odds before you apply by using their online pre-approval tool. Moreover, Wells Fargo also sends out pre-approved offers by mail. Keep in mind, however, that pre-approval does not mean guaranteed approval.
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