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Wells Fargo Reflect Card: 0% APR for 21 Months for Balance Transfers and Purchases, Longest 0% Deal
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By : Mr Credit Card
  • 0% APR on purchases and balance transfers for 18 months. If you pay minimum payment on time for 18 months, it will be extended for 3 months, making this a 21 month intro period
  • 120 days to transfer balance to be eligible for 0% deal
  • No annual fee
  • Cell phone protection insurance


At A Glance: Longest 0% APR Offer at the moment

The Wells Fargo Reflect is a 0% APR credit card with the longest 0% APR deal at the moment at 21 months. It applies to both balance transfers and purchases. Aside from the 0% deal, it offers cell phone protection insurance and allows you to earn cash back with Wells Fargo merchant partners.


How Does 0% APR Deal Work?

The Wells Fargo Reflect 0% APR deal works slightly differently from other cards. The 0% APR deal applies to both purchases and balance transfers for 18 months. If you make all your minimum payments on time, you will up to a three month extension (assuming you make those extension payments on time), making it a total of 21 months which you have 0% APR.

Most credit cards offering such 0% deals simply state the length of their introductory period. If you fail to make a payment on time, then the credit card issuer has a right to terminate the deal. Most might make an exception if you are only late once for a couple of days in your payment. But Wells Fargo has taken a different tact in that if you are late on just one payment, you only get an introductory period of 18 months. Pay everything on time, and it becomes a 21 month intro period. For folks who set up autopay and pay on time, it essentially is a 21 month 0% APR offer, making this the longest introductory period available today.

For balance transfers, you have 120 days to transfer a balance that qualifies for the 0% deal. The balance transfer fee is the greater of $5 or 3% of balance transfer if transferred within 120 days. If the transfer is done after 120 days, the balance transfer fee is 5% of the transfer value with a minimum fee of $5.


Card Details

Annual Fee $0
Intro Balance Transfer APR 0% Intro APR for 18 months from date of transfer when transfer is within 120 days of account opening
If you pay your minimum payment on time for 18 months, you will get 3 month extension, making it a total of 21 months at 0%
Intro Purchase APR 0% Intro APR for 18 months
If you pay your minimum payment for 18 months, you will get a 3 month extension, making it a total of 21 months
Regular APR 12.99% to 24.99%
Balance Transfer Fee Greater of $5 or 3% of balance transfer if transferred within 120 days
Greater of $5 or 5% of balance transfer after 120 days.
Foreign Transaction Fee 3%
Chip and PIN Yes - but Signature Preferred


There are a few fees and rates that you should be aware of. Firstly, there is no annual fee. However, the card does charge a balance transfer fee and foreign transaction fee. The regular APR after the intro period ends ranges from 12.99% to 24.99%.

Aside from the long introductory deal, Wells Fargo Reflect has a couple of features that might entice you to keep the card after the intro deal.

Cell Phone Protection Insurance

Like all Wells Fargo credit cards, the Reflect offers cell phone protection insurance of up to $600 subject to a $25 deductible. You have to pay your monthly cell phone bills with this card to activate this feature.

My Wells Fargo Deals

Wells Fargo has periodic deals with merchants. You have to activate deals and use your Wells Fargo Reflect card to make purchases directly from them and earn cash back. These cash back that you earn can be redeemed in the form of statement credits.


Competition

Card 0% APR Purchase 0% APR BT Regular APR Balance Transfer Fee Transfer Period
Wells Fargo Reflect21 Months21 Months12.99% to 24.99%Greater of $5 or 3% of transfer120 days
Wells Fargo Active CashN.A.15 Months12.99% to 24.99%Greater of $5 or 3% of transfer120 days
US Bank Visa Platinum20 Months20 Months14.99% to 24.99%Greater of $5 or 3% of transfer60 days
Chase Freedom Flex15 Months15 Months14.99% to 23.74%Greater of $5 or 3% of balance transfer60 days


The two key features of the Wells Fargo Reflect card is the long 0% APR deal for both purchases and balance transfers and it's cell phone protection insurance. So we will compare with it with cards that have 0% deals and cell phone protection insurance.

The most relevant card card to compare it with is the US Bank Visa Platinum. which also has a long 0% APR intro period for 20 months on both purchases and balance transfers (one month short of Wells Fargo Reflect). US Bank also has cell phone protection insurance. So these two cards are essentially identical in terms of key features with the Wells Fargo Reflect edging out US Bank on the length of the introductory period. The other key difference is that Wells Fargo allows you 120 days to transfer your balance to get the 0% deal whereas US Bank allows you 60 days to do so.

There are a couple of other credit cards which has 0% APR intro deals, cell phone protection insurance as well as rewards.

For example Wells Fargo has a cash back card called the Wells Fargo Active Cash, which gives cardholders a flat rate 2% cash back. In addition, you get cell phone protection insurance and also a 0% APR deal for 15 months. Though the intro period is potentially 6 months less than the Wells Fargo Rewards, the 2% cash back gives you a reason to keep this card after the intro period ends

Another card to with 0% APR deal, cell phone protection insurance and cash rewards is the Chase Freedom Flex. Chase Freedom Flex is both a rotating category and bonus category cash back credit card. The 0% APR deal is for 15 months on purchases only and not balance transfer. Another difference is the Wells Fargo allows you 120 days to transfer your balance to get the 0% BT deal whereas Chase Freedom Flex allows you 60 days to transfer your balance to get their 0% APR deal.


Pros: What we like

  • Long Introductory Period - 21 months introductory period for the 0% APR deal is the longest in the market today. The closest is a 20 month introductory period from US Bank Visa.

  • 120 days to transfer balance - Wells Fargo allows you 120 days to transfer your balance and be eligible for the 0% deal. This is longer than most other cards offer balance transfer deals

  • Cell Phone Protection Insurance - This used to be a rare feature and a valuable one. But take note that Mastercard now has this feature in their Elite and World Mastercard.



Cons: What we don't like

  • Balance Transfer Fee - The Wells Fargo Reflect charges a balance transfer fee. To be honest, this is to be expected since the intro period is really long.

  • Foreign Transaction Fee - The Wells Fargo Reflect charges 3% for foreign transactions. This makes the Reflect not an ideal card for international travel.

  • No Conventional Reward Programs - This card has no reward program. So aside from the cell phone protection insurance, this is no good reason to keep using this card once the intro period ends


Our Take: Longest 0% APR Intro Period

The Wells Fargo Reflect card has the longest 0% APR deal for both purchases and balance transfers at 21 Months. If you are looking for a 0% APR deal, this is the card to get. You have to be aware that you cannot have gotten another Wells Fargo credit card within the last 15 months. If you have, you will not be approved for this card and the 0% deal. As long as you pay on time every month, you will enjoy 21 months of zero interest.

You should be aware that you have to pay a balance transfer fee. Do the math yourself and make sure that the savings you would get will offset the BT fee.

The big question to ask if what should you do after the intro period ends? If you still have not paid off your balance, you should try to do another balance transfer to another card with a long intro period.

But if you have paid off your balance, then you would have to decide whether to keep this card and continue using it or look for a better card. Because this card has no reward program (like a cash back program), I would suggest that you get another card that gives you a reward program. If you are happy with Wells Fargo as an issuer, you could request a product change (PC) to their Active Cash card where you can earn 2% cash back and still have the cell phone protection insurance.

Since Mastercard (both Elite and World Elite) now provides cell phone protection insurance, you should be able to find rewards cards with this feature.

To sum up, based on our evaluations and review of this card, we give it a 4 out of 5 star rating mainly for it's long intro period for their 0% APR deal and it's cell phone protection insurance. We recommend it to those who want to take advantage of 0% APR offer.


How to apply?

The online application page is one of the simplest and easiest to fill. It is only one page and you have to fill in the usual details like name, address, email, social security number, whether you rent or own your home, your employment status etc. After you have completed the form, just submit and you should be able to know whether you are approved almost immediately.

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Contact Information

Check application status
1-800-967-9521

Apply by phone
1-800-932-6736

Mail
Wells Fargo Card Services, P.O. Box 51193, Los Angeles, CA 90051-5493

Mail: Express Payment
Lockbox Services 51193, Attn: WF Consumer Credit Card, 3440 Flair Drive, El Monte, CA 91731

Pay by Phone
1-800-869-3557