Credit Cards

Wells Fargo Reflect vs. Credit Card Citi Simplicity

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

Among these types of cards, the Wells Fargo Reflect Card and the Citi Simplicity Card are two of the main options available today. They 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 time periods you’ll earn 0% APR for balance transfers and purchases, and the fees you’ll pay to consolidate debt. These may seem like small details, but they can make a big difference to your cost 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 Reflect Card Citi Simplicity Card
Annual quota $0 $0
Introductory APR 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 introductory and extension periods (followed by a variable APR of 12.99% to 24.99% 0% APR for 21 months (followed by a variable APR from 14.74% to 24.74%)
Introductory APR 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 completed within four months of account opening
Other benefits cell phone protection
road dispatch
Citi Identity Theft Solutions

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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, then qualify for another 3 months interest-free as long as you make at least the minimum payment on your card during the introductory and extension periods.

This means you can receive 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 fees.

In contrast, the Citi Simplicity Card only offers 0% APR on purchases for 12 months. This is a decent introductory period, but if your main goal is to pay for 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 in terms of their 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 possibility of an additional three months, if you make monthly payments on time during the introductory and extension periods. The Citi Simplicity card has a 0% APR on balance transfers for 21 months as a standard offer.

That said, the Wells Fargo Reflect Card charges a 3% balance transfer fee for balances transferred in the first 120 days, while the Citi Simplicity charges a 5% balance transfer fee. That’s a minor increase, but it can add up quickly. If you were using 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 come with rewards or many perks, but this is quite common among balance transfer and 0% APR credit cards. Its biggest benefit is the opportunity to pay off balances over time without interest.

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

Rates and costs

Neither of these cards charge an annual fee, and they have the same 3% foreign transaction fee and 5% cash advance fee (minimum $10).

The Citi Simplicity card doesn’t charge a late fee, which is a minor benefit to consider, but there is a returned payment fee of up to $40. The Wells Fargo Reflect Card charges up to $40 in fees for a late payment or a returned payment (and you can lose the extension period on its 0% APR offer with a 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 in Wells Fargo Reflect, while Citi Simplicity charges 14.74% to 24.74%.

More information external link icon

Wells Fargo Reflect℠ Card

Editor’s Score: (4.2/5)

Editor’s Score: (4.2/5)

introductory offer: 5.0

balance transfer fee: 3.0

transfer time: 5.0

current april: 3.5

other penalty fees: 3.5

rewards: 3.0

other benefits: 4.0

Last updated January 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

More information external link icon Citi Simplicity® Card

Citi Simplicity® Card

Editor’s Score: (4.0/5)

Editor’s Score: (4.0/5)

introductory offer: 4.5

balance transfer fee: 3.5

transfer time: 5.0

April in progress: 3.0

other penalty fees: 4.5

rewards: 3.0

other benefits: 3.5

cash back rating: N/A

Last updated January 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:

    N/A

  • Annual quota:

    $0

  • ordinary APR:

    14.74% – 24.74% (varies)

  • Recommended Credit:

    670-850 (Good to Excellent)

  • More informationexternal link icon On our partner’s secure site

More information external link icon US Bank Platinum Visa® Card

US Bank Platinum Visa® Card

Editor’s Score: (4.1/5)

Editor’s Score: (4.1/5)

intro april: 5.0

balance transfer fee: 3.5

transfer time: 4.0

April in progress: 3.0

other penalty fees: 3.5

rewards: 3.0

other benefits: 3.5

Last updated January 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

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

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any association or advertising relationship.

Whether you’re considering these 0% APR credit cards for debt consolidation or an upcoming big purchase, the Wells Fargo Reflect Card is the clear winner. You’ll earn 0% APR on purchases over a significantly longer 18-month term (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 lower 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 3% ($5 minimum) balance transfer fee instead of 5%.

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

If you’re looking to save money on interest with a 0% APR credit card, be sure to compare all the offers that best fit your timeline and goals. Comparing different options can also help you see 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 cards, as well as other 0% APR cards, have very high ongoing APRs that can quickly lead to high-interest debt.

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