Wells Fargo Reflect card review: Debt refinance and even cell phone protection

The Wells Fargo Reflect® Card (prices & fees) is perfect for those looking to refinance their debt with a solid initial balance transfer opportunity. While the overall benefits are downplayed, the card takes you back to the basics and even comes with cell phone protection when you pay your monthly bills with this card. Card Rating*: ⭐⭐⭐

* Card ratings are based on the opinions of the editors of TPG and are not influenced by the card issuer.

If reduce your debt as one of your top priorities, a credit card is like Wells Fargo . Reflective Card can help you avoid paying interest on the balance you carry in the interim.

With no annual fee, you can transfer your balance from your other credit cards to Wells Fargo Reflect and take advantage of an initial annual percentage rate (APR) of 0% for 18 months from account opening on purchases and qualifying balance transfers (after where applicable APR varies from 17.49% to 29.49%. There is also the possibility of extending this period (for three months) by making the minimum payments on time during the introductory period.

Take a look at all the details and see if this is the card for you.

As mentioned above, the main benefit of opening this card is the referral APR opportunity. If you anticipate a large purchase that you want to finance for more than 18 months, you will save on initial interest for this period. What’s unique about this card is that there’s an opportunity to extend this introductory APR for three months, as long as you pay the minimum payments on time during the introduction. This gives you a total renewal period of up to 21 months — among the longest we’ve ever seen.

You can also enjoy a 0% introductory APR when qualifying balance transfers are made within the first 120 days for people with existing debt (then a variable APR of 17.49% – 29.49%). Just keep in mind that there is a balance transfer of 3% during this introductory period followed by a fee of up to 5% (minimum $5) after that.

While there is no way to accumulate points, miles or even cash rewards with this card, you can get up to $600 mobile phone protection against damage and theft when you pay your monthly cell phone bill with your card (with a $25 deductible). Monthly cell phone insurance can be expensive, so this great protection automatically comes with a card that doesn’t charge an annual fee.

Many issuers have launched with themselves credit card refinancing debtso there’s no shortage of options compared to Wells Fargo Reflect.

• If you like Citi: Citi® Diamond Preferred® Card Cardholders are entitled to 0% Referral APR for new purchases for the first 12 months from account opening and 0% Referral APR for 21 months from the date of first transfer on balance transfers completed within the first four months of account opening. Note that there is a balance transfer fee of $5 or 5% of the amount of each transfer, whichever is greater. After the referral period, there is a variable APR of 17.49%-27.24% based on your confidence level.
• If you like Bank of America: The BankAmericard® credit card There are also no annual fees and 0% introductory APR for 21 billing cycles on purchases and any balance transfers made within the first 60 days. After the introductory APR offer ends, a variable APR of 16.24%-26.24% will be applied. A 3% fee (minimum $10) applies to all balance transfers. For more information, read our Full review of BankAmericard card.

For additional options, check out our full list of credit card balance transfer.

Read more: 5 tips to make a successful balance transfer

The Wells Fargo reflects do not compete at the same level as top rewards cards such as Platinum Card® from American Express or Chase Sapphire Reserve. Instead, it’s for users who need to finance (or refinance) before accumulating credit card points and miles. With Diligent, pay on timeyou will see your credit score increase, qualify you credit card travel rewards down the road.

Additional reporting by Ryan Wilcox.