12/16/2023 0 Comments Credit carsHigher balance transfer fee compared to other card issuers.Lengthy introductory APR period for qualifying balance transfers and purchases.If you need such a card, consider a cash-back or rewards card. But, as with the Visa Platinum, this card will not generate any rewards and so is not a great choice for everyday spending. However, it does feature cellphone protection which is potentially worth hundreds of dollars. There’s no rewards program or welcome bonus available with this card. Still, the lengthy intro APR period can be invaluable in tackling large debts. If you’re transferring a large amount of debt to the account, the higher balance transfer fee could add up. But the balance transfer fee is slightly higher with the Wells Fargo Reflect® Card-5%, min: $5-than you might face with other cards. You don’t have to worry about paying any annual fee with this account. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. The card offers a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. The Wells Fargo Reflect® Card is another solid choice if you’re looking to pay down high-interest debt. Decent balance transfer fee (compared to other card issuers).Long introductory APR period for qualifying balance transfers and purchases.But if your goal is to pay down high-interest debt, the long introductory APR period and lower balance transfer fee is going to be massively beneficial. So, the fee for transferring funds to this card isn’t bad by comparison.Īside from cellphone protection and the aforementioned APR offer, the card doesn’t include many other benefits and so may not be ideal for everyday use. The fee is less than ideal, but is often a cheaper option than keeping debt on a card with higher interest Plus, some card issuers charge 5% balance transfer fees. However, if you take advantage of the balance transfer offer, you’ll have to pay a balance transfer fee of Either 3% of the amount of each transfer or $5 minimum, whichever is greater. A balance transfer fee of either 3% or $5 applies, whichever is greater. New cardholders can take advantage of the opportunity to reduce their debt with a 0% intro APR on purchases and balance transfers for 21 billing cycles, followed by a variable APR of 18.74% - 29.74%. Bank Visa® Platinum Card * stands out due to offering one of the longest intro APR periods of any card in this class.
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