Credit Cards

Wells Fargo Reflect vs BankAmericard: Which is Better for You?

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The Wells Fargo Reflect Card and the BankAmericard credit card are among our favorite balance transfer credit cards on the market today. Both cards offer longer 0% APR periods than many options, and the introductory periods apply not only to balance transfers, but also to new purchases.

If you want to pay off a large purchase over time, or have high-interest credit card debt that you need to consolidate, either card will give you plenty of breathing room to make payments. But when it comes to the length of the introductory period, Wells Fargo Reflect is the winner here. You’ll get up to 21 months of 0% interest, while BankAmericard’s introductory period ends after 18 billing cycles.

But there are also limitations to both cards that you should consider before you apply, and features that may make one better for you than the other. Here are the details to consider before making your decision:

side by side comparison

Wells Fargo Reflect Card Bank America Credit Card
Annual quota $0 $0
Welcome Offer None $100 statement credit when you spend at least $1,000 on purchases within 90 days of account opening
Introductory APR for balance transfers 0% APR for 18 months, with the possibility of an additional three months when you make at least your minimum monthly payment on time during the introductory and extension periods (followed by a variable APR from 12.99% to 24.99%) 0% APR for 18 billing cycles on balances transferred within 60 days of account opening (followed by variable APR from 12.99% to 22.99%)
Introductory APR for purchases 0% APR for 18 months, with the possibility of an additional three months when you make at least your minimum monthly payment on time during the introductory and extension periods (followed by a variable APR from 12.99% to 24.99%) 0% APR for 18 billing cycles (followed by a variable APR from 12.99% to 22.99%)
Balance Transfer Fee Balance transfer fee of 3% (minimum $5) on balances transferred in the first 120 days, then 5% (minimum $5) 3% balance transfer fee (minimum $10)

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Bond Comparison

The BankAmericard is unique among many 0% interest cards because it offers a welcome cash bonus. You’ll earn a one-time $100 statement credit after spending $1,000 on purchases within 90 days of account opening.

Like most other cards in this category, the Wells Fargo Reflect Card does not offer any type of sign-up bonus.

Keep in mind that if you’re using any of these cards for balance transfers, it’s wise to avoid spending on the card while you pay off debt. The BankAmericard Welcome Bonus could be helpful for additional value if you’re using the introductory period to finance an upcoming big purchase, but consider the risk of taking on more debt if you’re using the introductory period for a balance transfer.

Introductory offers for purchases

For most people, the Wells Fargo Reflect Card introductory shopping offer is the best option.

You’ll get 0% APR on purchases for 18 months to start, but you can extend this offer for an additional three months by making at least the minimum payment on your card during the introductory and extension periods. At the end of the day, this means you can avoid interest on purchases for a full 21 months if you pay your bill on time each month.

On the other hand, the BankAmericard credit card offers 0% APR on purchases for 18 shorter billing cycles, which is approximately 18 months.

Introductory offers for balance transfers

Once again, the Wells Fargo Reflect Card excels at balance transfers. You’ll get the same 0% APR on balances transferred for 18 months with the possibility of an additional three months of on-time monthly payments, for a total of 21 months to pay off the debt. A balance transfer fee of 3% ($5 minimum) applies for the first 120 days, after which the fee increases to 5% ($5 minimum).

Meanwhile, BankAmericard offers 0% APR on balance transfers for 18 billing cycles, but only for balances transferred within 60 days of account opening. A balance transfer fee of 3% (minimum $10) applies.

Comparison of rewards and benefits

None of these cards offer rewards for regular spending, but this is typical among balance transfer credit cards. Instead of offering rewards, these cards offer lucrative 0% APR deals that can help you save on interest as you pay for new purchases or consolidate existing debt.

The Wells Fargo Reflect card comes with some notable benefits, including roadside assistance and up to $600 in cell phone insurance, subject to a $25 deductible. By contrast, BankAmericard doesn’t offer much more than a free credit score and a penalty-free APR if you pay your bill late.

APR

The Wells Fargo Reflect Card and the BankAmericard credit card charge similar APRs after their introductory periods end. With the Wells Fargo Reflect Card, you’ll pay a variable APR from 12.99% to 24.99%. BankAmericard charges a variable APR from 12.99% to 22.99%.

Rate

You won’t have to pay an annual fee for the Wells Fargo Reflect Card or BankAmericard, but both cards charge a 3% foreign transaction fee if you use them for purchases made abroad.

Any late payment with either card could result in a fee of up to $40, and Wells Fargo Reflect charges up to $40 for returned payments. And remember, a late payment to Wells Fargo Reflect could lose your eligibility for the extended 3-month introductory period.

More information external link icon

Wells Fargo Reflect℠ Card

Editor’s Score: (4.2/5)

Editor’s Score: (4.2/5)

introductory offer: 5.0

balance transfer fee: 3.0

transfer time: 5.0

current april: 3.5

other penalty fees: 3.5

rewards: 3.0

other benefits: 4.0

Last updated January 17, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Balance Transfer Rate:

    0% introductory APR for up to 21 months from account opening on qualifying balance transfers

  • Annual quota:

    $0

  • ordinary APR:

    12.99%-24.99% Variable APR

  • Recommended Credit:

    670-850 (Good to Excellent)

  • Apply nowexternal link icon On Wells Fargo’s secure site See rates and charges.

More information external link icon BankAmericard® Credit Card

BankAmericard® Credit Card

Editor’s Score: (3.9/5)

Editor’s Score: (3.9/5)

introductory offer: 4.5

balance transfer fee: 3.0

transfer time: 4.0

current april: 3.5

other penalty fees: 3.5

rewards: 3.0

other benefits: 3.0

Last updated January 17, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Balance Transfer Rate:

    0% intro APR for 18 billing cycles for any BT done in the first 60 days. 3% fee (min. $10) applies.

  • Annual quota:

    $0

  • ordinary APR:

    12.99% – 22.99% variable APR on purchases and balance transfers

  • Recommended Credit:

    670-850 (Good to Excellent)

  • More informationexternal link icon On our partner’s secure site

More information external link icon Citi Simplicity® Card

Citi Simplicity® Card

Editor’s Score: (4.0/5)

Editor’s Score: (4.0/5)

introductory offer: 4.5

balance transfer fee: 3.5

transfer time: 5.0

April in progress: 3.0

other penalty fees: 4.5

rewards: 3.0

other benefits: 3.5

cash back rating: N/A

Last updated January 17, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Balance Transfer Rate:

    0% for 21 months on balance transfers

  • Annual quota:

    $0

  • ordinary APR:

    14.74% – 24.74% (varies)

  • Recommended Credit:

    670-850 (Good to Excellent)

  • More informationexternal link icon On our partner’s secure site

Deciding Between Wells Fargo Reflect and BankAmericard Credit Card

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any association or advertising relationship.

If you’re hoping to save money on interest with the most payment flexibility, the Wells Fargo Reflect Card is the way to go. You’ll get an extra three months of 0% APR on new purchases and balance transfers, as long as you pay your bill on time. Plus, making payments on time can help you avoid fees and build a positive payment history on your credit report.

pro tip

To get an additional three months of 0% APR on the Wells Fargo Reflect Card, you must make at least the minimum payment for the entire schedule. But you should still strive to pay off as much debt as possible each month. If you don’t pay your balance in full by the end of the introductory period, you’ll begin accruing interest at the regular variable APR.

However, there are some cases where you can choose the BankAmericard credit card. With a $100 welcome bonus when you make $1,000 purchases within 90 days of account opening, it might be the best 0% APR option for new purchases, as long as you make sure you can pay for your purchase within the shorter billing cycle than 18 introductory period.

Still, if you’re primarily looking for a long 0% APR, the Wells Fargo Reflect Card is the best option right now.

But before you apply for either card, consider all of the 0% APR options you may be eligible for. Depending on your needs, this can even include cash back credit cards that offer 0% APR on purchases, balance transfers, or both while earning rewards for every dollar you spend. It can help you assess how each card’s introductory period aligns with your debt or purchase balance, your schedule, and how much you’ll be able to put toward payments each month.

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