Updated: October 24, 2024
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Both the Wells Fargo Reflect® Card and the Discover it® Miles card offer no annual fee and generous introductory APR periods. If you're seeking the longest possible break from interest on purchases or balance transfers, the Wells Fargo Reflect card is the better choice with its 21-month 0% introductory APR.
However, if earning rewards on every purchase is equally important, the Discover it Miles card is compelling with its 1.5 miles per dollar spent and unique first-year miles match.
You might prefer the Wells Fargo Reflect if you're planning a significant purchase or want to consolidate debt. Its standout feature is the lengthy 0% introductory APR period for 21 months on purchases and balance transfers, which can provide substantial savings on interest. The card also offers exclusive cash back deals through My Wells Fargo Deals, enhancing its value.
You might prefer the Discover it Miles if you're a frequent traveler or enjoy earning rewards on your spending. This card automatically earns unlimited 1.5X miles on every dollar spent, and Discover matches all the miles you've earned at the end of your first year. With no foreign transaction fees and flexible redemption options, it's a solid choice for those who want to earn and use rewards easily.
Evaluating the Wells Fargo Reflect and Discover it Miles highlights their distinct advantages. Assess APRs, fees and credit requirements to gauge cost-effectiveness. Contrast rewards and introductory offers to determine potential savings and benefits. Review other features for additional value. This comparison equips you with the insights to select the card that aligns with your financial goals.
Regular APR: Tie
Both the Wells Fargo Reflect and Discover it Miles offer a starting APR of 18.24% variable. This similarity in starting APR points to a tie, with the choice depending on individual credit scores and the potential for higher rates with Discover it Miles.
Annual Fee: Tie
Both the Wells Fargo Reflect and Discover it Miles cards have no annual fee, making them equally appealing for users looking to save on yearly costs.
Introductory 0% APRs: Wells Fargo Reflect
Wells Fargo Reflect is the better choice for those seeking to save on interest. It offers a longer introductory 0% APR period of 21 months for both purchases and balance transfers, compared to Discover it Miles' 15 months.
Rewards: Discover it Miles
Discover it Miles is better for rewards. It offers unlimited 1.5X miles on every purchase, no expiration on miles and flexible redemption options for travel or cash back. The Wells Fargo Reflect does not offer rewards.
Welcome Offers: Discover it Miles
Discover it Miles is better for welcome offers, offering a unique Discover Match® at the end of the first year with no minimum spending or maximum rewards. Wells Fargo Reflect does not offer a welcome bonus.
Recommended Credit Score: Tie
Both the Wells Fargo Reflect and Discover it Miles cater to individuals with credit scores ranging from 670 to 850, indicating a good to excellent credit requirement. This makes them equally accessible for consumers within this credit score range.
Penalties and Fees: Discover it Miles
Discover it Miles is better for penalties and fees, offering no fee for the first late payment and no foreign transaction fees. Wells Fargo Reflect imposes a late fee of up to $40 and a 3% foreign transaction fee.
Issuer Satisfaction: Discover it Miles
Discover it Miles leads in issuer satisfaction with a rating of 4.5 for its issuer, Discover Bank. Wells Fargo, which issues the Reflect card, has a rating of 4.0. This suggests a higher overall cardholder satisfaction with Discover's service and support.
Other Features & Perks: Tie
Both cards offer unique perks. Discover it Miles provides tools for protecting personal information. Wells Fargo Reflect offers up to $600 in cell phone protection.
MoneyGeek evaluates credit cards like the Wells Fargo Reflect and Discover it Miles using a tailored scoring system. For these cards, the balance transfer score is the most relevant, reflecting their highest-scoring use case.
The primary factors influencing the score for balance transfer cards are the quality of the balance transfer offer and the card's regular APR. Other considerations include issuer satisfaction and penalty rates. For a detailed understanding of our ranking process, you can review our ranking methodology.
The Wells Fargo Reflect does not offer rewards, while Discover it Miles provides 1.5X miles on every purchase and matches miles in the first year.
Wells Fargo Reflect offers a 21-month introductory 0% APR, while Discover it Miles offers 15 months.
Discover it Miles has no foreign transaction fees, while Wells Fargo Reflect charges 3%.
The Wells Fargo Reflect has a balance transfer fee of 5%, minimum $5.
Yes, Discover it Miles matches all miles earned at the end of the first year, a unique first-year benefit.
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.
