Home gambling commission Wells Fargo Reflect Credit Card vs. Citi Simplicity

Wells Fargo Reflect Credit Card vs. Citi Simplicity

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Credit card interest is expensive. But some cards are designed to help you save on interest with a 0% introductory interest rate, whether you need to pay off existing debt or have a major purchase to make and want some flexibility. with the repayment period.

Of these types of cards, the Wells Fargo Reflect Card and the Citi Simplicity Card are two of the best options available today. Both have long introductory periods for balance transfers and also extend their introductory rates to new purchases.

The main differences between these two cards are the times you will get 0% APR for balance transfers and purchases, and the fees you will pay to consolidate your debt. These might seem like little details, but they can make a big difference in your costs over time.

Here’s what you need to know to determine which of these 0% APR cards is right for you:

Side by side comparison

Wells Fargo Reflection Map Citi Simplicity Card
Annual subscription $ 0 $ 0
APR intro for balance transfers 0% APR for 18 months, with the possibility of a three-month extension when you make at least your minimum monthly payment on time during the launch and extension periods (followed by a variable APR from 12.99% to 24.99% 0% APR for 21 months (followed by a variable APR from 14.74% to 24.74%)
APR intro for purchases 0% APR for 18 months, with the possibility of an additional three months when you make at least your minimum monthly payment on time during the introductory and extension periods (followed by a variable APR from 12.99% to 24.99%) 0% APR for 12 months (followed by a variable APR from 14.74% to 24.74%)
Balance transfer fee Balance transfer fee of 3% (minimum $ 5) on balances transferred in the first 120 days, then 5% (minimum $ 5) 5% balance transfer fee (minimum $ 5)
* Balance transfers must be made within four months of opening the account
Other benefits Cell phone protection
Road expedition
Citi Identity Theft Solutions

0% introductory APR for purchases

If you’re looking for a card to pay for new purchases over time, the Wells Fargo Reflect Card comes with a superior introductory offer. You can avoid interest on purchases for at least 18 months and then get an additional 3 months without interest as long as you make at least the minimum payment on your card during the introductory and extended periods.

This means that you can receive a 0% APR on new purchases for a full 21 months if you avoid late payments. Making payments on time and in full each month is a good habit to practice anyway, as it can help you maintain good credit and avoid additional charges.

In contrast, the Citi Simplicity Card only offers a 0% APR on purchases for 12 months. This is a decent introductory period length, but if your primary goal is to pay off a new purchase over time, you’ll get a lot more flexibility with the Wells Fargo Reflect Card.

Introductory offers for balance transfers

These two cards are relatively equal when it comes to balance transfer offers, at least until you read the fine print.

The Wells Fargo Reflect card offers cardholders a 0% APR on balance transfers for 18 months with the option of an additional three months, if you make monthly payments on time during the introductory and extended periods. The Citi Simplicity Card has 0% APR on Balance Transfers for 21 months as a standard offer.

That being said, the Wells Fargo Reflect card charges a 3% balance transfer fee for balances transferred within the first 120 days, while the Citi Simplicity charges a 5% balance transfer fee. This is a minor increase, but can add up quickly. If you used either card to consolidate $ 10,000 in credit card debt, that’s a difference of $ 300 or $ 500 in balance transfer fees.

Comparison of rewards and benefits

None of these credit cards offer any rewards or many perks, but this is quite common among balance transfer and 0% APR credit cards. Their biggest advantage is the ability to pay off balances over time without interest.

However, the Wells Fargo Reflect card stands out slightly in this category, as it includes roadside assistance and up to $ 600 in cell phone insurance, subject to a $ 25 deductible.

Fees and costs

None of these cards charge an annual fee, and they have the same 3% offshore transaction fee and the same 5% cash advance fee (minimum $ 10).

The Citi Simplicity card does not charge any late fees, which is a minor benefit to consider, but there are returned payment fees up to $ 40. The Wells Fargo Reflect Card charges a fee of up to $ 40 for a late payment or a returned payment (and you can forgo the extension period of your 0% APR offer for late payment).

Finally, both cards charge similar variable APRs after the introductory period ends. You’ll pay a variable APR of 12.99% to 24.99% for any balance you carry on Wells Fargo Reflect, while Citi Simplicity charges 14.74% to 24.74%.

Wells Fargo Reflect Carte Map

Wells Fargo Reflect Carte Map

Editor’s Note: (N / A)
  • Introductory bonus:

    N / A

  • Annual subscription :

    $ 0

  • Regular APR:

    Variable APR from 12.99% to 24.99%

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon On our partner’s secure site
Citi Simplicity® Card

Citi Simplicity® Card

Editor’s Note: (4.0 / 5)
  • Introductory bonus:

    N / A

  • Annual subscription :

    $ 0

  • Regular APR:

    14.74% – 24.74% (Variable)

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon On our partner’s secure site
American bank Visa® Platinum card

American bank Visa® Platinum card

Editor’s Note: (4.1 / 5)
  • Introductory bonus:

    N / A

  • Annual subscription :

    $ 0

  • Regular APR:

    14.49% – 24.49% (Variable)

  • Recommended credit:

    670-850 (good to excellent)

  • Learn more external link icon On our partner’s secure site

Deciding between the Wells Fargo Reflect Card and the Citi Simplicity Card

Editorial independence

As with all our credit card notice, our analysis is not influenced by any partnership or advertising relationship.

Whether you are considering these 0% APR rate credit cards for debt consolidation or an upcoming major purchase, the Wells Fargo Reflect Card is definitely the winner. You’ll get 0% APR on purchases for a significantly longer 18-month period (with the option of a three-month extension) compared to Citi Simplicity’s 12-month offer. Plus, the 3% balance transfer fee can help you reduce debt consolidation costs compared to Citi Simplicity’s 5% fee.

Pro tip

If you plan to consolidate debt with the Wells Fargo Reflect Card, do so within 120 days of opening the account. This will help you get a balance transfer fee of 3% (minimum $ 5) instead of 5%.

The other benefits of the Reflect card are minor, but its cell phone protection could also help you save money and stay covered in the event of damage or theft.

If you’re looking to save money on interest with a 0% APR rate credit card, be sure to compare all the offers that best fit your timeline and goals. Comparing different options can also help you determine which cards you’re most likely to qualify for before you apply.

Most importantly, make sure you have a plan to pay off your balance in full (or as much as possible) before your introductory period ends. Both of these cards, along with other 0% APR cards, have very high continuous APRs that can quickly lead to high interest debt.