No rewards: Restricted worth exterior of the intro APR

The most important disadvantage with this card is that it would not supply any form of rewards program. Which means:

• There isn’t any welcome bonus. Some bank cards supply welcome bonuses of $200 or extra for brand spanking new cardholders.
• There aren’t any buy rewards. Different playing cards earn money rewards or factors on all of your eligible purchases, which may add up over time. It is doable to earn $500 or extra yearly in rewards this fashion, relying on how a lot you spend.

To be truthful, this card has particular provides by way of My Wells Fargo Offers, the place you’ll be able to earn money again assertion credit on procuring, eating, and experiences you pay for together with your eligible Wells Fargo card. However incomes some assertion credit right here and there is not practically as worthwhile as incomes money rewards on all of your on a regular basis purchases.

Due to the dearth of rewards, this card would not have a lot long-term worth. As soon as the 0% intro APR ends, there isn’t any incentive to proceed utilizing it. You are higher off switching to a rewards bank card at that time.

It is value noting that there are 0% APR bank cards that even have rewards applications. They only have shorter 0% APR intro intervals. When you do not want your complete 21 months from account opening this Wells Fargo card provides, then it may make extra sense to choose a card with a shorter intro interval that earns rewards.

Expensive charges on stability transfers and overseas transactions

The Wells Fargo Replicate® Card is a superb stability switch card due to its 0% intro APR. However it additionally has a stability switch price of 5%, min: $5.

Steadiness switch playing cards usually have a price like this, however a few of them solely cost 3%. It could not look like a lot, however for those who’re transferring $5,000, that 2% distinction would value you an additional $100. When you do not want 21 months from account opening to get out of debt, chances are you’ll wish to take a look at extra bank card opinions and choose a card with a decrease stability switch price.

There’s additionally a overseas transaction price of three%, which is one more reason why this is not one of the best card for long-term use. When you ever journey exterior america, it is vital to have a card you should use with none additional charges, like a journey bank card