BankAmericard vs. Wells Fargo Reflect Card

Written by

Edited by

Brendan Dyer

Published on October 09, 2024 | 4 min read

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Key takeaways

The BankAmericard® credit card and the Wells Fargo Reflect® Card are both good options for those looking for a low intro APR credit card with a lengthy introductory period.
The BankAmericard credit card has a lower balance transfer fee than the Wells Fargo Reflect Card, but it also has a slightly shorter introductory period.
Neither card offers a welcome bonus or rewards, but the Wells Fargo Reflect Card can earn cash back for the cardholder’s My Wells Fargo Deals account.

An introductory APR credit card can help you temporarily curb interest on new purchases and current credit card debt. Several different cards offer interest-free periods on purchases and balance transfers, so it can be hard to choose the right one. However, two options worth looking into are BankAmericard® credit card* and the Wells Fargo Reflect® Card. Both cards carry comparable benefits, but each has a distinct advantage over the other — depending on your needs.

Main details

Both cards offer similar 0 percent introductory periods and don’t charge annual fees. These factors combined make these cards worthwhile for cutting down interest, but the right one for you will depend on how you strategize your card use and debt management. When you compare both cards, the differences between their ongoing APRs, balance transfer fees and introductory periods set these cards apart from one another.

	BankAmericard® credit card	Wells Fargo Reflect® Card
Welcome bonus	N/A	N/A
Rewards rate	None	None
Intro APR	0% intro APR on purchases for 18 billing cycles 0% intro APR on balance transfers made in the first 60 days for 18 billing cycles	0% intro APR for 21 months from account opening on purchases and qualifying balance transfers (balance transfers made within 120 days qualify for the intro rate).
Regular APR	16.24%–26.24% variable	17.49%, 23.99%, or 29.24% Variable APR
Balance transfer fee	A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.	5% or minimum $5 fee
Annual fee	$0	$0
Perks	BankAmeriDealsMuseums on Us	Cellphone protection24/7 roadside dispatch assistanceMy Wells Fargo Deals

BankAmericard and Wells Fargo Reflect Card highlights

Intro APR winner

Wells Fargo Reflect® Card

If you want to make the most of a credit card’s introductory period and stretch your debt management as far as possible, the Wells Fargo Reflect Card carries one of the longest intro APRs for both purchases and qualifying balance transfers. You’ll have nearly two years to pay off new purchases while whittling away at any balance you transfer. This period is fairly generous for anyone, but it’s particularly beneficial for people who have large balances to transfer.

With this card, enjoy an introductory 0 percent APR for 21 months on purchases and qualifying balance transfers (those made in the first 120 days from account opening) followed by a 17.49 percent, 24.24 percent or 29.49 percent variable APR.

Lowest potential APR winner

BankAmericard® credit card

Both cards charge an annual percentage rate (APR) after the introductory period ends, but the BankAmericard has a slightly lower variable APR range. The BankAmericard’s variable APR range is 16.24 percent to 26.24 percent, while Wells Fargo’s variable APR options are 17.74 percent, 24.24 percent or 29.49 percent. If you see yourself continuing to carry debt beyond the introductory period on either card, you should choose the card that is likely to give you a lower APR. A lower ongoing rate will amount to less interest over time, giving you the upper hand when managing debt after your interest-free period ends.

Just keep in mind that you won’t know what APR you’re approved for until you get the card, so while the BankAmericard has the potential to give you a lower APR than the Wells Fargo card, there’s no guarantee that it will.

Balance transfer fee winner

BankAmericard® credit card

The BankAmericard wins this category. It has a 3 percent intro balance transfer fee for the first 60 days from account opening. After that, the fee for future balance transfers is 4 percent. The Wells Fargo Reflect card, on the other hand, has a balance transfer fee of 5 percent or $5 minimum.

It’s important to limit expenses as much as possible when managing debt, and the BankAmericard’s lower balance transfer fee — despite its shorter balance transfer period — gives the card a huge advantage over the Wells Fargo Reflect card.

Suppose you have $3,000 worth of credit card debt you plan to transfer to either card. It will cost $150 to transfer this balance to the Wells Fargo Reflect Card. It will cost $90 with the BankAmericard. It might not seem like much when compared to your overall debt, but a balance transfer fee tacks more on to what you already owe.

Annual fee winner

Tie

Because neither card has an annual fee, both the BankAmericard and the Wells Fargo Reflect card are excellent choices for those who want to take full advantage of the introductory period — whether for a balance transfer or financing a big purchase.

Which balance transfer card saves the most money?

Both the BankAmericard and Wells Fargo Reflect offer lengthy intro APR periods on balance transfers, but how much you save with either card will depend on how much you plan to transfer, how you intend to pay back the debt and how quickly you plan to do so.

BankAmericard vs. Wells Fargo Reflect Card balance transfer example

Let’s compare transferring a $3,000 balance to either card using our credit card balance transfer calculator.

Card name	Balance	Transfer fee	Monthly payment	Total paid
Wells Fargo Reflect Card	$3,000	$150 (5% in the first 120 days)	$150 for 21 months	$3,150
BankAmericard	$3,000	$90 (3% in the first 60 days)	$172 for 18 months	$3,090

The Wells Fargo Reflect Card costs a little more overall than the BankAmericard due to the balance transfer fee, but it also gives you a lower monthly payment and more time to pay off your balance before the intro APR period is over.

You’ll need to determine if a higher monthly fee fits into your budget. If it can, the BankAmericard will be the more affordable, long-term option for a balance transfer.

Why you should get the BankAmericard

The BankAmericard is a great fit for people managing debt who want to make it an affordable, long-term endeavor that doesn’t tack on a substantial fee. If you’re focusing solely on reducing your debt, you won’t risk adding a lot more to your current balance and you’ll have access to a fairly low ongoing APR beyond your intro period. Here are some other benefits to consider if you’re thinking about getting the card:

u003culu003ern tu003cliu003eu003cstrongu003eBankAmeriDeals program:u003c/strongu003e This program allows you to shop through discounts offered by Bank of Americau003c/liu003ern tu003cliu003eu003cstrongu003eMuseums on Us program:u003c/strongu003e This program allows you to get free general admission to more than 225 cultural institutions across the U.S. Cardholders can take advantage of this program on the first full weekend of each month.u003c/liu003ernu003c/ulu003ernu0026nbsp;
Since the BankAmericard doesn’t offer a rewards program, there are no redemption options available.rnrnu0026nbsp;
u003c/pu003ernu003cpu003eThe recommended credit score range for the BankAmericard is good to excellent (670 to 850).u003c/pu003ernu003cpu003e

Why you should get the Wells Fargo Reflect Card?

If you’re managing debt but still want your credit card to carry a perk that brings value to your wallet, the Wells Fargo Reflect can be a great choice for you. Here are some additional benefits that could make the card worth getting:

u003culu003ern tu003cliu003eu003cstrongu003eCellphone protection:u003c/strongu003e You can receiveu003ca href=u0022https://www.bankrate.com/credit-cards/rewards/best-credit-cards-financing-cell-phones/u0022u003e cellphone coverageu003c/au003e for eligible claims if you pay your cellphone bill with your Wells Fargo Reflect card.u003c/liu003ern tu003cliu003eu003cstrongu003eMy Wells Fargo Deals:u003c/strongu003e This program allows you to earn cash rewards through offers with merchants.u003c/liu003ern tu003cliu003eu003cstrongu003eVisa benefits:u003c/strongu003e Visa Traditional benefits are included with this card, which means you can take advantage of additional benefits like 24/7 pay-per-use roadside assistance.u003c/liu003ernu003c/ulu003ernPlus, when you’ve tackled all your debt and you’re ready to open a new card, you can look to other Wells Fargo cards first. It has a much broader and more rewarding portfolio of cards than some of its competitors.rnrnu0026nbsp;
Because the Wells Fargo Reflect doesn’t earn rewards, there are no redemption options with this card.rnrnu0026nbsp;
For the Wells Fargo Reflect, u003ca href=u0022https://www.bankrate.com/personal-finance/credit/what-is-a-good-credit-score/u0022u003egood to excellent credit scoreu003c/au003e (670 to 850) is recommended.rnrnu0026nbsp;

The bottom line

Neither card offers the perks and benefits of rewards credit cards that offer intro APR periods on purchases, balance transfers or both — but both the BankAmericard and Wells Fargo Reflect are still worthwhile options to consider if you want to focus all of your efforts on debt management without the distraction of rewards.

Since these cards are very similar, your preferences as a cardholder should take precedence when deciding between them. The BankAmericard might be right for you if you’re looking for a lower ongoing balance transfer fee and the possibility of a lower APR rate, whereas the Wells Fargo Reflect may be right for you if you value having cardholder perks and lower monthly payments over a longer intro APR period.

We recommend reading our reviews for both the BankAmericard and the Wells Fargo Reflect card. Our team of experts provides thorough analyses of card details that can help you decide on the best card for you.

*Information about the BankAmericard® credit card has been collected independently by Bankrate. Card details have not been reviewed or approved by the card issuer.

The Bank of America content in this post was last updated on October 9, 2024.