0% intro APR until 2024 is 100% insane
The Wells Fargo Reflect® Card offers a 0% intro APR for 21 months but lacks ongoing rewards after that period. It charges a 5% balance transfer fee, which can be significant for large transfers. Additionally, there is a 3% foreign transaction fee for purchases made outside the U.S.
- ▪The card has no ongoing rewards once the intro APR period ends.
- ▪It charges a 5% balance transfer fee, which can be costly for large balances.
- ▪The card also imposes a 3% foreign transaction fee for international purchases.
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No ongoing rewardsOnce the 0% intro APR offer expires, the Wells Fargo Reflect® Card offers no ongoing rewards or incentives. That means if you're looking for a card that offers long-term perks like cash back or travel rewards, this card isn't the best option.A strong alternative would be the Wells Fargo Active Cash® Card (rates and fees), which offers straightforward 2% cash rewards on purchases for a $0 annual fee -- currently my favorite card in my wallet.Balance transfer feeWhile the Wells Fargo Reflect® Card is among the longest 0% intro APR period cards, there's also the balance transfer fee to consider. The card charges a fee of 5%, min: $5, which can be costly if you're transferring a large balance.
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