Wells Fargo Reflect-A Replacement for the Platinum Card

[BearsCubsOtters]

Looks like Wells Fargo is coming through with their promise of refreshing their card offerings. Starting with Active Cash and now the replacement for the old Platinum card:

Highlights are 0.0% APR on purchases and balance transfers for 18 months. If all payments are made on time, they extend this to 21 months. There appears to be a 3% balance transfer fee for transfers made within the first 120 days of opening and then increases to 5% thereafter. 

APRs range from 12.99% to 24.99% once the intro period expires. 

The extended 3 months is an interesting approach. Citi Diamond Preferred and BofA Americard each offer 18 months only; Chase Slate Edge is at 12 months.  Chase and BofA both offer a $100 sign up bonus with spend.

[Jordan23ww]

Thank you for posting this information! 

[Oops_I_Did_It_Again]

I tried Wells on-line pre-screen just now.  The Reflect card has been included.  Not to suggest that pre-selected status is golden, but better than nothing. 16.99% post promotion variable APR is the same rate I had recently been offered for the BofA 18 Month BT card. 

[Loquat]

I still have an old WF Platinum card that has a $4k limit. I'm holding out to see if they have any offers that better mesh with my Propel. Don't have the need for another 2% card which is why I didn't bother with the active cash card.

[BearsCubsOtters]

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@Loquat wrote:
I still have an old WF Platinum card that has a $4k limit. I'm holding out to see if they have any offers that better mesh with my Propel. Don't have the need for another 2% card which is why I didn't bother with the active cash card.

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I think the 3rd new Wells Fargo card is coming soon. A replacement for the Propel. Wells is trying to be more competitive and based on Active Cash and Reflect, I'd say they are doing a good job. The Propel was a great card, so hopefully its replacement will be even better.

*Replacement meaning for new applicants; likely not a replacement for existing Propel cardholders

[CreditCuriosity]

Never knew wells fargo have a pre-selected thing, must be fairly new

[Oops_I_Did_It_Again]

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@CreditCuriosity wrote:

Never knew wells fargo have a pre-selected thing, must be fairly new

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Here it is.  Found at the very bottom of General Credit Topics/ 'Soft pull pre-approval links' list.

[NoMoreE46]

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@BearsCubsOtters wrote:

Looks like Wells Fargo is coming through with their promise of refreshing their card offerings. Starting with Active Cash and now the replacement for the old Platinum card:

Highlights are 0.0% APR on purchases and balance transfers for 18 months. If all payments are made on time, they extend this to 21 months. There appears to be a 3% balance transfer fee for transfers made within the first 120 days of opening and then increases to 5% thereafter. 

APRs range from 12.99% to 24.99% once the intro period expires. 

The extended 3 months is an interesting approach. Citi Diamond Preferred and BofA Americard each offer 18 months only; Chase Slate Edge is at 12 months.  Chase and BofA both offer a $100 sign up bonus with spend.

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Right on!

[Oops_I_Did_It_Again]

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@BearsCubsOtters wrote:

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Wells is trying to be more competitive and based on Active Cash and Reflect, I'd say they are doing a good job. The Propel was a great card, so hopefully its replacement will be even better.

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I notice that Citibank has increased the length of the BT promotion for their Diamond Preferred from 18 to 21 months.  Competition can be a good thing!

[difringe]

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@Loquat wrote:
I still have an old WF Platinum card that has a $4k limit. I'm holding out to see if they have any offers that better mesh with my Propel. Don't have the need for another 2% card which is why I didn't bother with the active cash card.

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do you ever get new bt offers on that wf platinum?

regarding the new reflect card, nice to see a 21 month period; would be nice if these banks did what fnbo does with its preapproval and showed you what limit you're preapproved for...imagine apping for a bt card and getting approved for a $500 limit lol