Wells Fargo Reflect Card Review

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When it comes to credit cards, most people are looking for a card that will reward them for their purchases, while also offering them convenient and seamless transactions. Wells Fargo Reflect Card is one such card that claims to provide all these benefits, and much more. In this article, we will review the features of the Wells Fargo Reflect Card and assess whether it is worth your consideration.

The Wells Fargo Reflect Card is a rewards credit card that rewards cardholders for their everyday purchases. The card earns 1.5% cashback on every purchase or 1X point per dollar, with no category restrictions, earning caps, or expiration dates. Cardholders can redeem the cashback or points for cash, travel, or statement credits. Additionally, the card comes with several other benefits and features that make it a tempting choice.

One of the benefits that come with the Wells Fargo Reflect Card is the cell phone protection plan. As more people become addicted to their phones, losing, damaging, or having their phones stolen becomes a real possibility. With the Wells Fargo Reflect Card, cardholders with eligible mobile phones can receive up to $600 in cell phone protection against covered damage or theft. They are required to pay a $25 deductible per claim, and they can make up to two claims per year.

Another appealing feature of the Wells Fargo Reflect Card is the contactless payment option. With this feature, cardholders can make payments through their phone or a contactless-enabled card without traditional physical contact, reducing their time spent in checkout lines or touching payment terminals.

The card also comes with an introductory 0% APR period for the first 15 months of opening the account. This feature means that cardholders can make purchases or transfers without incurring interest charges, allowing them to pay off the balance over the introductory period. After the introductory period ends, the APR will revert to the card’s regular variable APR, depending on the cardholder’s creditworthiness.

Furthermore, The Wells Fargo Reflect Card offers a free monthly credit score from Wells Fargo. This feature enables cardholders to monitor their credit score and helps them understand how their payment history or credit utilization affects their score.

One of the significant drawbacks of the Wells Fargo Reflect Card is that it comes with a $0 introductory annual fee for the first year, but then it rises to $25 per year. That’s a con when compared to other cards in the same category, such as Citi Double Cash, which offers unlimited 2% cashback on purchases with no annual fee.

The card also comes with the possibility of incurring foreign transaction fees, making it less ideal for those who frequently travel abroad. Cardholders should check with Wells Fargo to determine the fees that apply to their accounts as they can add up, especially if one uses the card abroad frequently.

Despite the drawbacks, the Wells Fargo Reflect Card has some good perks that make it an appealing choice for individuals. However, before applying for the card, potential cardholders should assess the card’s requirements, such as creditworthiness, income, and residency, which may differ from state to state. Checking the card’s rewards rates and other terms and conditions is also crucial to know what one is getting into.

To apply for the Wells Fargo Reflect Card, interested individuals can apply online, through a phone call, or by visiting a local Wells Fargo branch. The approval process typically takes a few days to a few weeks, depending on several criteria, such as the cardholder’s creditworthiness and ability to satisfy the bank’s criteria.

In conclusion, the Wells Fargo Reflect Card is a rewards credit card that offers several benefits, such as cashback rewards, cell phone protection, contactless payment options, 0% introductory APR rates, and free monthly credit scores. However, it also comes with some drawbacks, such as rising annual fees and foreign transaction fees. Individuals should weigh the pros and cons of the card and ensure that it aligns with their financial goals and lifestyles before applying.