Wells Fargo Reflect vs. Chase Slate Edge Credit Card Comparison


Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

Wells Fargo recently unveiled the Wells Fargo Reflect Carte Map. It has a great introductory offer of 0% APR with up to 21 months of interest-free funding for qualifying purchases and balance transfers, and then a variable APR of 12.99% to 24.99% thereafter.

But how does that stack up against another newly released introductory 0% APR card like the Chase Slate® Edge?

Select explains the benefits of both cards to you so you can choose the one that best suits your financial needs.

Wells Fargo Reflect Card vs. Chase Slate Edge

Wells Fargo Reflect Carte Map Chase Slate℠ Edge
Introductory APR offer 0% introductory APR on qualifying purchases and balance transfers for the first 18 months after account opening; extension up to 3 months (totaling up to 21 months) with minimum on-time payments during introductory and extension periods, variable APR from 12.99% to 24.99% on purchases and transfers of balance after. Balance transfers made within 120 days are eligible for the introductory rate and fees. 0% the first 12 months on purchases and balance transfers, 14.99% to 23.74% variable after
Awards Nothing Nothing
Welcome bonus Nothing Earn $ 100 on your credit card statement when you spend $ 500 in the first six months after opening the account
Other benefits Mobile phone protection, access to Wells Fargo offers, access to Visa Signature concierge Lower your interest rate by 2% each year, automatic reviews for a higher credit limit in the first six months, and purchase protection

Wells Fargo Reflect Card vs. Chase Slate Edge

Chase slate edging℠

Information on the Chase Slate Edge℠ was independently collected by Select and has not been reviewed or provided by the Issuer prior to posting.

  • Awards

  • Welcome bonus

    Earn $ 100 on your credit card statement when you spend $ 500 in the first six months after opening the account

  • Annual subscription

  • Intro APR

    0% for the first 12 months on purchases and balance transfers

  • Regular APR

    14.99% to 23.74% variable

  • Balance transfer fees

    Either $ 5 or 3% of the amount of each transfer, whichever is greater in the first 60 days

  • Foreign transaction fees

  • Credit needed

Wells Fargo Reflect Carte Map

On the Wells Fargo Secure Site

  • Awards

  • Welcome bonus

  • Annual subscription

  • Intro APR

    0% introductory APR on qualifying purchases and balance transfers during the first 18 months of account opening; extension up to 3 months (totally 21 months) with minimum on-time payments during the introductory and extension periods

  • Regular APR

    Variable APR from 12.99% to 24.99% on purchases and balance transfers

  • Balance transfer fees

    3% launch fee ($ 5 minimum) for 120 days from account opening, then up to 5% ($ 5 minimum)

  • Foreign transaction fees

  • Credit needed

Welcome bonus

Annual subscription

APR offer

Both of these cards are designed for consumers looking for an easy way to finance their purchases or complete a balance transfer, without accruing interest charges. However, one offer is clearly better than the other.

The Chase Slate Edge offers 0% for the first 12 months on purchases and balance transfers, 14.99% to 23.74% variable thereafter.

Wells Fargo Reflect offers 0% APR on qualifying purchases and balance transfers for the first 18 months from account opening; with an extension of up to 3 months (totaling up to 21 months) with minimum on-time payments during the introductory and extension periods, 12.99% – 24.99% Variable APR on purchases and balance transfers after.

So if you are just looking for the longest 0% introductory APR period possible, the Wells Fargo Reflect Card is your best bet. You will have almost two years from opening the account before paying interest on the card.

Winner: Wells Fargo Reflect Carte Map

Additional benefits

Each card comes with its own unique benefits. But none of them come with rewards or cash back for spending on the card.

The Chase Slate Edge offers:

  • The ability to reduce your interest rate by 2% each year when you pay on time and spend at least $ 1,000 on your card by your next account anniversary date.
  • Purchase Protection: Your purchases are covered for up to 120 after purchases against theft or damage, up to $ 500 per claim.
  • Extended Warranty: All manufacturer warranties are extended for up to one year on purchases made with your Chase Slate Edge.
  • Rental car insurance

Wells Fargo Reflect offers:

  • Cellular Protection: Up to $ 600 in cell phone protection when you pay your monthly cell phone bill with the Reflect card, subject to a $ 25 deductible.
  • Road Dispatch: 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing or locksmith service when you need it.
  • My Wells Fargo Deals: With My Wells Fargo Deals, you can access personalized offers from hundreds of different merchants to save money on your purchases.

Winner: This one is closer, but the Wells Fargo Reflect Carte Card wins this one for its valuable cell phone protection. With iPhones costing over $ 1,000, protecting this valuable investment with a free policy makes this card even more attractive.

At the end of the line

An introductory 0% APR credit card is absolutely worth considering if you need a way to finance your purchases. Whether it’s his buying a vacation, paying for your upcoming holiday purchases, or transferring a balance from another credit card with high interest rates is a great strategy to avoid accumulating credit card interest charges . However, many personal finance experts recommend that you don’t overspend on a credit card and stick to a budget.

But between these two cards, the winner is clearly the Wells Fargo Reflect Carte Map. With an industry-leading introductory APR offering, along with cell phone protection, this card is a great option for anyone looking to extend their repayment period or consolidate debt.

Winner: Wells Fargo Reflect Carte Map

The information on the Chase Slate Edge℠ has been independently collected by Select and has not been reviewed or provided by the Issuers prior to posting.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


Source link

Previous funds managed by Ares Management to acquire majority stake in Apex Clean Energy | Business
Next Delusional reactions to epidemics are as old as time. COVID was no different. - Twin towns

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *