The Wells Fargo Reflect Card is a great choice if you’re looking to earn rewards on your everyday purchases.
With no annual fee and plenty of perks, it’s designed to help you save and earn while you spend.
Want to know more? Keep reading to see if this card fits your needs!
Wells Fargo Reflect
No annual fee Balance transfer feesHow Does the Wells Fargo Reflect Work?
The Wells Fargo Reflect Card is a straightforward credit card. When you apply and get approved, you receive a credit limit, which is the maximum amount you can charge to the card.
Each month, you’re expected to make a minimum payment, but you can pay more if you’d like to pay off the balance faster.
Your purchases will accumulate on the card until you pay off the balance. If you don’t pay off the full balance, you’ll pay interest on the remaining amount.
The card works like most others by offering a grace period, so if you pay in full before the due date, you won’t be charged interest.
One unique feature is the way the rewards program works. You earn points for every dollar spent, which can be redeemed for travel, gift cards, or other rewards.
These points accumulate automatically and you don’t need to do anything special to track them.
Main benefits for the Wells Fargo Reflect
The Wells Fargo Reflect Card offers several great benefits. First, it gives you the chance to earn rewards on your everyday purchases.
You earn unlimited 3x points on a variety of categories like dining, streaming services, travel, and more. So, whether you’re eating out or booking your next trip, you’re getting points back.
Another benefit is the 0% intro APR for the first 12 months on purchases and qualifying balance transfers.
This means you can make big purchases or transfer balances from high-interest cards without worrying about extra charges during the introductory period. After the intro period, the APR adjusts to a variable rate.
Lastly, there’s no annual fee for this card, which is a huge plus compared to many other rewards cards that charge yearly fees. This makes it easy to enjoy the perks without paying extra just to hold the card.
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Cons for the Wells Fargo Reflect
The Wells Fargo Reflect Card has some great features, there are a few downsides to keep in mind.
The first is that, after the 0% intro APR period ends, the interest rate on purchases and balance transfers can be fairly high. If you carry a balance after the intro period, it could get expensive.
Another con is that this card doesn’t offer the best rewards in every category. While you do earn 3x points in several categories, it’s limited to certain types of spending.
If you spend a lot of money on other things not covered by the bonus categories, you might not earn as many rewards as with other cards.
Lastly, if you’re looking to make foreign purchases, the Wells Fargo Reflect Card charges a 3% foreign transaction fee. This could be a dealbreaker for frequent travelers who need a card that works well abroad.
APR and fees
The Wells Fargo Reflect Card has a 0% intro APR for the first 12 months on purchases and qualifying balance transfers.
After that, the APR becomes variable and ranges from 18.24% to 28.99%. This means that if you don’t pay off your balance within the first year, you could face high-interest charges, especially if you carry a large balance.
As for fees, there is no annual fee, which is great for those who don’t want to pay extra to own the card. However, there is a 3% fee for balance transfers and foreign transactions, so keep that in mind if you plan to transfer debt or travel abroad.
There are also late payment fees of up to $40 if you miss a payment, which is common with most credit cards.
How to apply for the Wells Fargo Reflect
Applying for the Wells Fargo Reflect Card is simple. First, visit the Wells Fargo website and fill out an online application.
You’ll need to provide some basic personal information like your name, address, income, and social security number.
Wells Fargo will review your application and, if approved, you’ll receive your card in the mail. Once you get it, you can start using it right away for purchases and earning rewards.
Make sure to check your credit score before applying. Wells Fargo typically requires a good to excellent credit score for approval. If your score is lower, you might want to consider other options.
Once approved, you’ll have access to your credit limit and can start using the card to earn points on your purchases. You’ll also be able to manage your account online, check your balance, and make payments easily.
