Before signing any agreement, you need to know exactly what the credit card has to offer, as well as its fees and interest. Wells Fargo Reflect has gained more and more users who are looking to get out of debt and restore their financial life by improving their credit score.
So, even though it doesn’t offer as many cashback rewards, Wells Fargo Reflect remains a great option due to its low cost for everyday purchases. To learn more about how it works and if it is the best option for you, see some more details about it.
One of the great advantages offered by Wells Fargo Reflect and which has attracted hundreds of new users to it is the fact that this credit card does not charge an annual fee for a few months after you start using it.
This 18-month period does not require you to pay interest or balance transfer fees, which helps users save money and manage their debt, reflecting better financial health.
Therefore, it is best to take advantage of these initial 18 months, which are usually shorter on competing credit cards, and make a financial plan, paying off your debts and increasing your credit score. After all, this Wells Fargo Reflect period is highly advantageous.
So, if you finish the 18-month period with a good credit score, you can find credit cards that offer other benefits that may favor you more. Even Wells Fargo itself offers an upgrade to the Wells Fargo Active Cash Card, which has even more benefits and cashback programs.
If you want to take advantage of the 18 months without fees and interest offered by Wells Fargo Reflect, know that this benefit alone is superior to several other cards of this type found on the market, but it also has more to offer.
If you establish a finance organization and pay your monthly balances correctly and without delay, you have the chance to receive an additional three months of 0% APR at the end of your 18 months. Thus, it totals up to 21 months without having to pay fees and interest. This period should be enough for you to organize yourself financially, pay off your debts and rebuild your credit history, without accruing interest on your purchases.
After this period of 21 months, the rates return to their normal value, between 13.24% and 25.24%. Therefore, it is best that after this period you choose another credit card, with lower rates and interest.
If you are determined to apply for your Wells Fargo Reflect Credit Card, simply go to your nearest branch or register online.
Wells Fargo Reflect benefits are a big differentiator, preventing you from paying high interest rates for several months. In addition, you can count on other benefits such as:
- You can count on up to 21 months of 0% APR for any purchase and balance transfer.
- Zero annuity fee.
- Allows you to have access to up to $600 to pay for your credit card purchases.
- 3% or $5 transfer fee for the first three months.
- Zero liability protection.
- 24/7 emergency service.
In order for you to find the best option for you, you need to know all the details about the credit card, including its cons and negative points.
One of the biggest complaints about Wells Fargo Reflect is that it doesn’t offer rewards programs. In other words, after finishing the first 21 months without interest and fees, Wells Fargo Reflect doesn’t have much to offer.
Therefore, it is best to take advantage of this period and after that, find a credit card with lower rates for you to use. With good planning, you can improve your credit score over this period and get amazing opportunities, so use it wisely.