Wells Fargo Reflect®: Zero Annual Fee & 0% APR For 21 Months

Regarding credit cards, the biggest and most feared villain is the interest rate. But what if there was a card whose rate was 0%? It is precisely the innovative proposal that Wells Fargo Reflect® brings to the market.

Wells Fargo Reflect® is one of the most awarded credit cards in recent years. With an annual fee of US$0 and 0% APR for 21 months, you can plan and settle your accounts without bank interest being charged on the outstanding balance.

If you want a credit card to organize your financial life, this is one of the best currently available. It allows essential time for your accounts to be settled properly without paying interest.

To find out all the advantages of the card, follow our complete guide now!

0% APR For 21 Months Makes Wells Fargo Reflect® The Ideal Card For Anyone Looking To Organize Their Finances

The Wells Fargo Reflect® card was created in 2021 but is still a champion for balance transfers. A balance transfer allows you to transfer debt from one card to another.

This type of financial dynamic gained popularity over time, mainly when the first low-APR cards emerged. It allowed cardholders to exchange their high-interest debts for debts with lower interest rates.

It means you can focus on paying off your debts, not just your interest. Wells Fargo Reflect® is a card created to make this balance transfer dynamic cheaper for its customers.

Its 0% APR allows customers to focus on their accounts, reorganizing their financial lives. This benefit, however, is granted for a limited time. At the end of 21 months, the APR rate becomes variable, ranging from 18.24 to 29.99%.

Even though the fee is high, it's still worth keeping your card. One of Wells Fargo's lifetime commitments to its customers is guaranteeing zero annual fees.

So, even if you don't use your card for balance transfer, you can still get many benefits from using it.

Also, as your relationship with the bank strengthens, it is possible to get more credit, keeping a card just for its 0 annual fee and another with benefits for those who like, for example, traveling.

Why Is The Card Worth It?

Wells Fargo Reflect® is definitely worth it for customers who want to save money. Whether you want a card with 0 annual fees or to organize your bills, Wells Fargo Reflect® is the best on the market.

To find out, just look at the proposals of other issuing banks, such as: 

• Blue Cash Everyday® Card from American Express – 15 months 0% APR;
• Discover it® Balance Transfer – 15 months 0% APR;
• Bank of America® Travel Rewards – 3% for 60 days after account opening;
• Blue Cash Preferred® Card from American Express – 12 months at 0% APR.

None of the proposals from other banks offering 0% ARP match what Wells Fargo made when developing the Reflect® card.

In practice, the card is perfect for those who want to extend an APR for as long as possible, even though the initial transfer is limited to 5%, with a minimum of US$5.

For those who want, in addition to having this type of advantage when negotiating their debts and protecting themselves from others, Wells Fargo Reflect® also has cell phone insurance with a coverage value of up to US$600. The initial deductible is US$25.

Each year, the customer can make two insurance claims, totaling $1,200 in total coverage. In this way, Wells Fargo guarantees a complete assistance experience for anyone needing a cell phone quickly, whether due to theft, robbery, or damage to the device.

In What Situations Is The Card Not The Best Choice?

The Wells Fargo Reflect® card currently offers the most extended 0% APR time of any other option on the market. However, when signing it with this point in mind, note that after 21 months, the rate can reach 29.99%.

Because of this, it is always necessary to remain cautious when using the balance transfer feature, especially when your planning spans more extended periods. However, this does not mean the card is not an excellent choice for those looking for more solid financial planning.

In addition to its main advantage over other cards being exhausted in 21 months, there are better choices than the card for those who want to accumulate miles.

Suppose you focus on accumulating points from your use. Analyzing other credit cards, such as the Chase Sapphire Preferred® Card, The Platinum Card® from American Express, or even the Citi Rewards+® Card, is essential.

Any good options will serve you much more efficiently if you convert your expenses into points to buy airline tickets or even book hotels.

When traveling, Wells Fargo Reflect® is also no longer your best option. A 3% charge is added to the total amount for all transactions outside the United States.

Therefore, the card can also be expensive for those who want to travel locally or outside the country.

How To Acquire Your Card

Knowing the pros and cons of any financial decision is essential for gaining greater control over your expenses and earnings.

Now that you know everything about Wells Fargo Reflect®, you must have decided whether to hire it. Undoubtedly, the card caters to a particular customer profile: those who want to organize their financial lives or even those who want to purchase a higher-value asset.

If you are one of these people and don't care much about miles and other benefits, Wells Fargo Reflect® is perfect.

Wells Fargo provides a complete page for signing. The card is subject to credit approval. If your proposal is approved, you will receive your offer within a few days.

From there, all you have to do is start using your balance transfer benefits without worrying about paying an annual fee, maximize your savings, and focus on what matters: making your financial life impeccable again and acquiring that item that is so essential for your life. Home and live better!