Wells Fargo Reflect vs. BofA Travel Rewards Credit Card Comparison

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Both the Wells Fargo Reflect Card and the Bank of America Travel Rewards card offer Visa benefits and extended introductory APR periods, which likely drew your attention. The Wells Fargo Reflect edges ahead with its longer 21-month 0% introductory APR on purchases and balance transfers, making it a standout for those seeking to manage debt.

However, the Bank of America Travel Rewards card should not be overlooked. BofA Travel Rewards lets you earn points on every purchase and allows you to redeem rewards for travel. With both cards suited for consumers with good to excellent credit, your choice may come down to whether you prioritize longer debt management or the potential for travel rewards.

Wells Fargo Reflect® Card

Bank of America® Travel Rewards

MoneyGeek Rating

5/ of 5

Rates & Fees

MoneyGeek Rating

3.3/ of 5

Rates & Fees

REVIEW & APPLY

On Issuer's Site

REVIEW & APPLY

On Issuer's Site

Regular APR
17.49%, 23.99%, or 29.24% variable
18.74% - 28.74% variable
0% APR Offer
0% for 21 months on purchases
0% for 15 billing cycles on purchases
Intro Offer
No current offer
Earn 25,000 points
Rewards Summary
-
Earn 1.5 points
Balance Transfer Offer
0% for 21 months on balance transfers
0% for 15 billing cycles on balance transfers
Balance Transfer Fee
5% for each balance transfer, minimum $5
3% for 60 days from account opening, then 4%
Annual Fee
$0
$0
Recommended Credit
670-850 (Good to Excellent)
670–850 (good to excellent)
Penalty APR
-
Up to 29.99% variable
Not sure?
The Wells Fargo Reflect is the superior choice for those seeking to minimize interest on purchases and balance transfers with its 21-month 0% intro APR. Conversely, the BofA Travel Rewards is tailored for travelers looking to earn points on every purchase with the added perk of no foreign transaction fees. While the Wells Fargo Reflect excels in offering a longer runway for interest-free payments, the BofA Travel Rewards card is better for earning travel rewards on everyday spending.

Which Card Is Better for You?

You might prefer the Wells Fargo Reflect if you're planning significant purchases or want to transfer balances and would benefit from a lengthy 0% APR period. Its extended intro APR and added perks like cell phone protection make it a strong candidate for those focused on financial flexibility without the need for rewards.

You might prefer the BofA Travel Rewards if you're a frequent traveler looking for a simple rewards structure on your spending. With no foreign transaction fees and a generous sign-up bonus, this card is tailored for those who want to earn points towards travel without worrying about categories or spending caps.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and other features will show which card aligns with your financial needs. For instance, if you're planning a large purchase, Wells Fargo Reflect's longer 0% APR period might appeal to you, while frequent travelers could benefit from BofA Travel Rewards' points system.

Regular APR: Wells Fargo Reflect

Wells Fargo Reflect has a lower starting APR of 18.24%, while BofA Travel Reward's lowest APR is 19.24%.

Annual Fee: Tie

Both the Wells Fargo Reflect and the BofA Travel Rewards cards offer a $0 annual fee, making them equally appealing for individuals seeking to avoid yearly charges.

Introductory 0% APRs: Wells Fargo Reflect

The Wells Fargo Reflect offers a longer introductory 0% APR period of 21 months for both purchases and balance transfers, compared to BofA Travel Rewards card's 15 billing cycles.

Rewards: BofA Travel Rewards

BofA Travel Rewards is better for rewards, offering unlimited 1.5 points per $1 spent on all purchases, with points that do not expire. Cardholders can earn a welcome offer of 25,000 online bonus points after spending $1,000 in the first 90 days, which can be redeemed for travel, dining or as a statement credit. The Wells Fargo Reflect Card does not offer a rewards program.

Welcome Offers: BofA Travel Rewards

BofA Travel Rewards is better for welcome offers. It provides 25,000 bonus points after spending $1,000 in the first 90 days, equivalent to a $250 statement credit for travel purchases. The Wells Fargo Reflect does not offer a welcome bonus.

Recommended Credit Score: Tie

Both the Wells Fargo Reflect and BofA Travel Rewards require a credit score range of 670 to 850, indicating they are accessible to individuals with good to excellent credit.

Penalties and Fees: Wells Fargo Reflect

Wells Fargo Reflect is better for penalties and fees, with no penalty APR and a higher penalties rating. Both cards charge up to $40 for late fees, but BofA Travel Rewards has a penalty APR up to 29.99% variable and no foreign transaction fees, whereas Wells Fargo Reflect charges a 3% foreign transaction fee.

Issuer Satisfaction: BofA Travel Rewards

Bank of America leads in issuer satisfaction with a rating of 4.5, compared to Wells Fargo's 4.

Other Features & Perks: Tie

Both cards offer unique perks. Wells Fargo Reflect provides up to $600 in cell phone protection and access to My Wells Fargo Deals for personalized merchant offers. BofA Travel Rewards eliminates foreign transaction fees, ensures points don't expire and offers contactless cards.

Methodology

MoneyGeek reviews credit cards like the Wells Fargo Reflect and BofA Travel Rewards using a tailored scoring system. For this comparison, both cards are assessed based on their balance transfer performance. The most significant factors in this score are the quality of the balance transfer offer and the terms of the 0% APR introductory purchase rate.

These and other considerations such as issuer satisfaction and penalty fees, contribute to a card's overall balance transfer score.

FAQ: Wells Fargo Reflect vs. BofA Travel Rewards Card

What are the main benefits of the Wells Fargo Reflect Card compared to the BofA Travel Rewards Card?

The Wells Fargo Reflect Card offers a longer 0% intro APR period and cell phone protection.

Does BofA Travel Rewards offer any type of introductory APR?

Yes, it offers 0% introductory APR for 15 billing cycles on purchases and balance transfers.

Are there any rewards for purchases with the Wells Fargo Reflect Card?

No, this card does not offer rewards or cash back.

What are the foreign transaction fees for each card?

BofA Travel Rewards is one of the best cards with no foreign transaction fees, while the Wells Fargo Reflect Card charges 3%.

Can I earn bonus points with BofA Travel Rewards?

Yes, you can earn 25,000 bonus points and get up to 75% more points if you're a Preferred Rewards member.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Wells Fargo Reflect® Card vs. Bank of America® Travel Rewards