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Wells Fargo launches new Reflect card with industry-leading balance transfer offer

New offer raises the bar for the entire 0% APR credit card market


With responsible usage, Wells Fargo Reflect cardholders can get up to 21 months of no interest on purchases and balance transfers.

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As the world slowly comes out of the pandemic, the credit card market is starting to bloom with issuers launching highly competitive offers, one after another.

On Oct. 4, 2021, Wells Fargo once again joined the ranks of competitive cards with the launch of the new Wells Fargo Reflect℠ card. This new no-annual-fee card offers up to 21 months of 0% intro APR on purchases and balances transfers – one of the best offers in the industry so far.

The offer is a part of the issuer’s successful efforts to rework its credit card suite. Wells Fargo also offers the Wells Fargo Active Cash℠ Card which has become the most lucrative flat-rate cash back card on the market and one of the best cash rewards cards overall.

What the new Wells Fargo Reflect offers

The Wells Fargo Reflect card raises the bar for 0% APR and balance transfer credit cards across the board.

Cardholders start off with 18 months of 0% APR on purchases and balance transfers – a highly competitive offer in and of itself. Then, card users can get an intro APR extension of up to three months if they make on-time minimum payments each month during the intro and extension periods.

If a cardholder transfers a balance within the first 120 days with the card, they qualify for an intro rate balance transfer fee of 3%. A balance transfer will cost up to 5% ($5 minimum) after that.

Once the 0% APR period expires, the variable interest of 12.99% to 24.99% kicks in.

This is quite an upgrade from the now discontinued Wells Fargo Platinum card that offers 18 months of 0% APR on balance transfers and purchases (16.49% to 24.49% variable thereafter) without the option to extend the intro period.

Besides that, the Reflect also comes with up to $600 of cellphone protection (after a $25 deductible) when using the card to pay monthly cellphone bills.

Should you apply for the new Wells Fargo Reflect?

The lucrative 0% APR offer makes this card an excellent choice for cardholders interested in debt consolidation.

Having up to 21 months to pay off your transferred credit card debt is an unusually long time frame. It allows you to save on expensive credit card interest while paying off the balance at a slower pace than you probably would without a high APR to worry about.

On the other hand, the Wells Fargo Reflect card is a good option for large purchases.

It’s rare for a credit card to offer more than 18 months of zero interest on purchases. If you’re planning to spend a few thousand dollars on a purchase, having an extra three months can save you quite a bit in monthly payments.

At the same time, it’s wise to think of the card’s long-term value. If the length of the intro period is crucial to you and every month counts, up to 21 months of no interest may be the best option for you. Once you’re done paying off the balance, you can always reach out to Wells Fargo to see if you can product-change to a different card. Now that the issuer is working on revamping its card lineup, we can expect more exciting credit cards to become available.

However, if you can feasibly pay off the balance in 15 months or less without overstretching your budget, there may be rewards credit cards that would fit you better. This way, you can continue getting value from your credit card when you finish paying it off.

Bottom line

The new Wells Fargo Reflect credit card is an outstanding offer with a generous 18-month 0% APR period which responsible cardholders can extend to 21 months.

This kind of offer has the potential to raise the expectations for the entire niche of no-interest credit cards. We hope other credit card issuers will follow suit, coming up with more competitive balance transfer and 0% purchase APR offers.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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