If you are about to make a big purchase or if you are paying interest on your credit card If you want to save a little bit of money, you may be looking for an introductory credit card with 0% APR. But with so many different cards offering no interest (and sometimes balance transfers) on purchases, choosing the right card can be tricky. There are two, the BankAmericard® credit card and the Wells Fargo Reflect® card, but one may be better than the other depending on your specific needs.
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Main Details
Both offer a similar 0% introductory period and $0 annual fee. Combined, these factors make these cards similar, but with some differences, such as ongoing APR rates and balance transfer fees.
| BankAmericard | Wells Fargo Reflect Card | |
|---|---|---|
| Welcome Bonus | None | None |
| Reward rate | None | |
| First year APR |
|
|
| Normal APR | 15.74% to 25.74% variation | 17.24% to 29.24% variation |
| Balance transfer fee | 3% or minimum $10 fee | 3% or minimum $5 fee for first 120 days |
| Annual fee | $0 | $0 |
BankAmericard vs Wells Fargo Reflect Card Highlights
APR Referral Winner: Wells Fargo Reflect Card
Wells Fargo Reflect will reward purchases and eligible balances after making consistent and timely monthly payments during the introductory period. We offer an extended APR implementation period of up to 21 months for both transfers. However, it is limited to remittances within 60 days from account opening. This makes Wells Fargo Reflect more practical if you plan to transfer large balances in the near future.
Least Likely APR Winner: BankAmericard
Both cards charge a APR after the introductory period ends, but BankAmericard charges a slightly lower variable APR of 15.74 percent to 25.74 percent, while the Wells Fargo Reflect card has a variable APR of 16.74 percent to 28.74 percent. I will charge
Balance transfer fee winner: BankAmericard
BankAmericard offers a 3 percent (or $10, whichever is greater) balance transfer fee, making it easy for Wells Fargo Reflect cards You can win.
Annual Fee Winner: Tie
Because both cards have no annual fee, both the BankAmericard and Wells Fargo Reflect cards are great ways to finance big purchases, whether it's direct debit. However, we want to make the most of the deployment period.
Which card offers more savings with direct debit?
Both BankAmericard and Wells Fargo Reflect have longer APR periods for balance transfers, but which card will save you the most money depends on how much you plan to transfer, how you plan to pay off your debt, and Depends on how quickly you do it.
BankAmericard and Wells Fargo Reflect Card Balance Transfer Example
Use the Credit Card Balance Transfer Calculator to transfer a $3,000 balance to either card. Let's compare.
BankAmericard will pay a 3% balance transfer fee ($90) for a total balance of $3,090. You have 21 billing cycles to pay off your debt before accruing interest, so you can pay about $147 per month and have a zero balance by the end of your introductory APR period.
After 120 days of account opening, if your total Wells Fargo Reflect balance is $3,150, you will be charged a slightly higher 5% balance transfer fee ($150). To reduce the amount to zero by the end of the introductory period, you will pay approximately $150 per month for 21 months.
From this example, the monthly payments for these cards are relatively similar.
Why should I get BankAmericard?
BankAmericard does not offer perks on purchases, but sure balance transfers are still worth considering Credit card option. Check out some of the benefits BankAmericard offers and recommended credit scores for the best chances of qualifying.
Additional Benefits
BankAmericard offers access to free FICO credit scores. , $0 fraud liability and no APR penalty for late payment.
Recommended Credit Score
The recommended credit score for this card is good to good (670 to 850).
Why Get a Wells Fargo Reflect Card
Wells Fargo Reflect is no frills, but unlike the Bank America Card, cardholders can receive cashback as an account credit through the My Wells Fargo Deals Rewards program. Here are some other Wells Fargo Reflect benefits to consider and a recommended credit score for applicants.
Additional Benefits
The Wells Fargo Reflect Card offers roadside assistance and emergency cash payments when you pay your monthly mobile phone bill with an eligible Wells Fargo card. and traditional Visa benefits such as up to $600 in mobile phone insurance against damage or theft.
Recommended Credit Score
If you apply for this card, the recommended credit score is good to excellent (670 to 850).
Conclusion
Both cards are rewards credit card benefits that offer a 0% APR introduction period on purchases, balance transfers, or both Although they don't offer any benefits, both BankAmericard and Wells Fargo Reflect are worthy options to consider if you need to transfer balances from existing balances.
Ultimately, some of the features of these two cards are very similar, so the best choice is solely determined by your personal preference as a card. Benefits range from lower APR rates, additional perks, lower balance transfer fees, or longer balance transfer times. BankAmericard may be a good choice if you are looking for a longer APR introductory period, with lower ongoing balance transfer fees and potentially lower APR rates. On the other hand, if you value cardholder perks, the Wells Fargo Reflect might be for you.
We recommend reading the BankAmericard credit card review and the Wells Fargo Reflect card review before making a final decision.
BankAmericard® credit card information was updated on December 1, 2022.