Pay No Interest For Up to 21 Months


The Fed just raised interest rates which means it is a crucial time to lock in a long 0% intro APR. The good news is that it is a fantastic time to be in the market for a low APR credit card. The Wells Fargo Reflect® Card offers an industry-leading introductory APR on both purchases and balance transfers. Unlike most low APR cards on the market, this card also delivers additional perks making it a great option for much more than just a long intro APR. We dig into all of the important details below.

Long Intro APR on Purchases & Balance Transfers

If you plan to make some significant purchases and want to avoid interest payments while you work to pay off your balance or you are looking to transfer a balance from another high-APR credit card, then this card is difficult to beat. The Wells Fargo Reflect® Card offers a 0% intro APR for up to 21 months from account opening on purchases and qualifying balance transfers, then 16.74% - 28.74% variable APR. You will start with 18 months of 0% intro APR and can get an extension of up to 3 months with on-time minimum payments during the intro period. There is a 3% balance transfer fee for 120 days from account opening ($5 minimum). That fee then goes up to 5% after the 120 days so we suggest you make your transfer happen before the 120 days are up. If you are accruing interest charges each month on another card (or cards) the transfer fee is likely worth the expense especially if you plan to pay the balance off before the 0% intro period is over.

Cell Phone Protection

Low APR cards often lack additional perks but the Wells Fargo Reflect® Card has a unique benefit that most competitors lack. If you use your card to pay your cellular telephone bill you can get up to $600 of protection on your cell phone against covered damage or theft (subject to $25 deductible). This will give you peace of mind that your cell phone is protected while saving you money by not needing to pay out of pocket for the protection through another provider.

Additional Benefits

New card members will also be able to earn cash back in the form of statement credits through My Wells Fargo Deals. You can access the deals online or through the mobile app. It is easy to activate the deals and the offers are even based on your purchase history. You can also keep an eye on your FICO® Credit Score with Wells Fargo Online®.

Wells Fargo Reflect® Card

Purchase APR
0% intro APR for up to 21 months from account opening on purchases, then 16.74% – 28.74% variable APR
Balance Transfer APR
0% intro APR for up to 21 months from account opening on qualifying balance transfers, then 16.74% – 28.74% variable APR
Annual Fee
$0
Recommended Credit Score
Excellent/Good
670 – 850*
Balance Transfer Fee
3% for 120 days from account opening, then up to 5%; min: $5

Other Low APR Options

When it comes to a long intro APR we think the Wells Fargo Reflect® Card is tough to beat but we have rounded up some other options from our partners that may appeal to you as well.

Low APR and a Statement Credit

BankAmericard® credit card

Apply Now
on Bank of America®’s secure site
Recommended Credit Score
Excellent/Good
Show Card Details +

BankAmericard® credit card

This is another great option for those looking for a long intro APR period on both purchases and balance transfers. Select ‘Apply Now’ to view the current intro APR offer details. This no annual fee card also boasts no penalty APR and paying late won’t automatically raise your interest rate. You will also have access to your FICO® Score for free through their mobile app or your online account.

Low APR Plus Unlimited 2% Cash Back

Wells Fargo Active Cash® Card

Apply Now
on Wells Fargo’s secure site
Recommended Credit Score
Excellent/Good
Show Card Details +

Wells Fargo Active Cash® Card

If you are willing to give up a few months of 0% APR in exchange for fantastic ongoing cash rewards then the Wells Fargo Active Cash® Card is a stellar option for you. It offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 18.74%, 23.74%, or 28.74% variable APR. As for ongoing rewards, it pays an above-average rate of 2% on purchases. There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. This card also offer the same cell phone protection that we outlined for the Wells Fargo Reflect card above. If you use your card to pay your cellular telephone bill you can get up to $600 of protection on your cell phone against covered damage or theft (subject to $25 deductible).

With longer intro APR periods than we have seen in ages, it is a great time to be in the market for a new low APR credit card. If you have good to excellent credit in the 670 – 850* range and have not recently applied for a new credit card then you should definitely apply for one of these stand out options today.


Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.