Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card: discover your best fit

If you're looking for a credit card with no annual fee and great benefits, you've come to the right place. Learn more about the Wells Fargo Reflect℠ Card and Upgrade Cash Rewards Card and discover which one is a better match for you!


by José Gonçalo

04/22/2022 | Updated on 10/13/2022

Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card: compare these two financial options

Businessmen team or financial data analysts working with tablets and credit card and data graphs together. Plan to analyzing projects in the office.
Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card: Which is best for you? Source: Adobe Stock.

What is the best solution for you? Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card? Two cards, two very different solutions for those seeking access to credit.

Indeed, one of them offers one of the largest term 0% APR on the market. On the other hand, the other one has an incredible 1,5% cash back program.

Sure enough, that brief description might have got you interested in another card. However, it is not very wise to decide which credit card to have just by buying the main advantage of one or the other.

In fact, a bad choice can do more harm than good. Also, choosing a card that doesn’t fit your consumer profile can hurt your credit score. That’s exactly why we wrote this article.

Our team analyzed the two products, breaking down each piece of information. The result was a fact-based analysis. What is the best card for you? Well, we have compiled the necessary information for you to arrive at the best answer.

So, check out the advantages, disadvantages and comparative analysis of each of these products.

Wells Fargo logo

Wells Fargo Reflect℠ Card: check out how to apply!

0% APR and $600 as insurance for your cell phone: learn how to apply for your Wells Fargo Reflect℠ credit card for these and other benefits.

Upgrade Cash Rewards credit card

Upgrade Cash Rewards Card: check out how to apply!

The Upgrade Cash Rewards is a cash-back credit card that offers 1.5% back on all purchases and up to $25.000 to borrow: learn how to apply!

Wells Fargo Reflect℠Upgrade Cash Rewards
Sign-up bonusNoneNone
Annual fee$0$0
Other perks$600 in insurance for your cell phone, access to the Wells Fargo benefits program and “Zero Liability protection”Loans from $500 up to $25,000 straight from your mobile
APR0% for up to 21 months. 13.24%-25.24% after that period.8.99% to 29.99%

Wells Fargo Reflect℠ Card

Wells Fargo Reflect℠ Card
Nearly two years of 0% APR: Discover the advantages and disadvantages of the Wells Fargo Reflect℠ Card. Source: Wells Fargo.

A card that will make you forget what it’s like to pay APR for at least 18 months. This is, without a doubt, the great differential of this credit card. In addition, this benefit can be extended for 3 months, if you pay your monthly card bills on time.

This feature makes this card a great choice for facing periods of uncertainty. Indeed, this credit product became very popular during the most recent health catastrophe.

In this scenario, Wells Fargo innovated by offering a much longer 0% APR period than most. However, for this, it did not include cash back programs, a common feature in similar cards.

In normal situations, this type of card is excellent for those facing periods of career changes. In case of dismissal, for example, you won’t worry about interest on debts if you don’t pay your bills on time.

Another special benefit that we cannot forget is the Balance transfer fee. For the first four months, it stays at $5 or 3% (whichever is higher). In some cases, the value of this fee may be below the average practiced on most cards.

In the months after this period, the Balance transfer fee remains at $5 or 5% (whichever is higher). Below is an overview of all the benefits and drawbacks of this option:

Main advantages

  • No annual fee;
  • Long period of initial 0% APR (18 months extendable for another 3);
  • $600 insurance for your cell phone;
  • Balance transfer fee of $5 or 3% for the first 120 days;
  • Access to Wells Fargo Deals (a program with offers to earn credits on your statement on purchases or dinners);
  • Access to Visa Signature Concierge (24/7 personal assistance to resolve specific issues such as last minute bookings or scheduling).

Main disadvantages

  • No reward program;
  • No welcome bonuses;
  • 3% fee for foreign transfers;
  • Requires good or excellent credit score to apply.

Upgrade Cash Rewards Card

Upgrade Cash Rewards credit card
1.5% cash back and much more: discover the advantages and disadvantages of the Upgrade Cash Rewards Card. Source: Upgrade

With the Wells Fargo Reflect℠ Card you have excellent starting conditions and no cash back programs. The Upgrade Cash Rewards Card offers the exact opposite. The friendly green credit card offers 1.5% cash back on all purchases.

Also, there are no limits, you can accumulate as many points as you can without restrictions. These points will be returned to you as a balance on the next statement.

Thus, this card can be an excellent option for those who make many monthly purchases using credit. In some cases, it is even possible to add up better benefits than those obtained on introductory 0% APR cards.

The possibility of having a good APR is another very interesting feature. Since it is possible to know your APR while still in the application, it is worth doing a simulation on the website.

Here is a general summary of the benefits and disadvantages of this credit card:

Main advantages

  • If you have a high credit score, you can access a below-market APR and a higher credit limit;
  • It has no annual fee, installation fee or any other type of fee;
  • It has no prepayment fees, so you can pay your balance in advance whenever you want;
  • Accepted anywhere that accepts VISA cards;
  • 1.5% unlimited cash back on all purchases;
  • During the application, you know in advance what your APR rate will be.
  • It is possible to apply to with average credit score;
  • Issues reports to the three largest credit agencies in the country;
  • After approval, you can instantly use the virtual version of your card;
  • No security deposit required.

Main disadvantages

  • Depending on your credit history and score, your APR rate may not be better than what is commonly dished out on traditional credit cards;
  • No special start conditions on APR or balance fee;
  • Does not allow to completely evade fees;
  • No welcome bonus;

Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card: did you find the right option for you?

We strongly hope that this article was enough to clear all your doubts and help you make your choice. However, if you prefer to take a look at other cards, that’s fine.

Click on the link below and learn about another option that may better suit your profile, the OakStone Gold Secured Mastercard® credit card.

OakStone logo

OakStone Gold Secured Mastercard® credit card review: should you get it?

Below-average interest rate: discover the key benefits of the OakStone Gold Secured Mastercard® credit card in this review!

About the author

José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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