What Credit Score Do You Need To Get The Wells Fargo Reflect?

With a new Wells Fargo Reflect® Card, you’ll receive an amazing 21 months of 0% intro APR from the date the account is opened on purchases and balance transfers. A variable APR of 18.24%, 24.74% or 29.99% will apply once the intro APR ends. For balance transfers, there is a balance transfer fee of 5%, min: $5.

You’ll also have access to other perks, such as roadside dispatch and cell phone protection. The cell phone coverage provides up to $600 per claim against theft or damage ($25 deductible; maximum two claims every 12 months).

While the Reflect Card doesn’t earn rewards, if you have credit card debt or need to finance a big purchase, what you can potentially save on interest can outweigh the lack of rewards.

The average credit card APR is around 23% (for accounts accessed interest). If you have a $10,000 credit card balance you plan on paying over 21 months, this card’s intro APR would save you over $2,200 in interest. Keep in mind, that the balance transfer fee would be $500 and reduce your savings to around $1,700.

Wells Fargo doesn’t officially publish a credit score requirement for the Reflect Card. However, you’ll usually need at least a good to excellent score to have the best approval odds.

There are a few different credit scoring models, including VantageScore and FICO® Score. Both scores range from 300 to 850 and are based on your credit reports from the three major credit reporting bureaus: Experian, Equifax and TransUnion.

The range for a credit score varies depending on the specific scoring model and it is typically based on the following factors: Payment history, amounts owed, length of credit history, new credit and credit mix.

Credit scores are typically categorized from very poor to excellent. As an example, FICO Scores fall into the following categories:

• Very poor: 300 to 579
• Fair: 580 to 669
• Good: 670 to 739
• Very good: 740 to 799
• Excellent: 800 to 850

The Wells Fargo Reflect® Card requires a healthy credit score and unfortunately, most of the best intro-APR cards and balance transfer cards also have higher credit score requirements. If you need to improve your credit, you may want to consider opening a secured credit card. These cards require an upfront deposit but tend to have high approval rates.

Alternative credit card to consider

The Discover it® Secured Credit Card doesn’t have an intro-APR offer, but makes up for it with generous rewards, especially for an easy-to-get secured credit card.

It earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, after that, you’ll earn 1% cash back on those purchases. All other purchases earn 1% cash back.

It also has a potentially valuable welcome offer. Discover will match all the cash back you earn in the first year. So for the first year, you effectively double the cash back you earn.

Improve your credit

It’ll take time and consistency to seriously improve your credit. The most important habit to develop is to pay your bills on time and in full. This will improve your payment history and keep the amounts you owe low, which are two key factors in determining your credit score.

If you need a quick bump for your credit score, there are tools that may help. Services such as *Experian Boost™ and eCredable Lift® allow you to add additional activity to your credit report that normally wouldn’t be included. This information can include utility provider payments and payments to streaming services.

There are limitations to these services. Experian Boost only impacts your Experian credit report and eCredable Lift only changes what’s on your TransUnion report. It’s also important to know that eCredable Lift adds positive and negative activity to your credit report. So, adding negative payment information to your account could lower your credit score.

The Wells Fargo Reflect® Card stands out for offering a generous intro APR of no interest on purchases and balance transfers for 21 months. However, it normally requires a good to excellent credit score, so it can be more difficult to get. If you’re unable to qualify for this card, consider a credit card for bad credit, which can help you build your credit history or improve your credit score if you pay it on time and in full.

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*Results will vary. Not all payments are boost-eligible. Some users may not receive an improved score or approval odds. Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost™. Learn more.

For rates and fees of the Discover it Secured, click here.