BankAmericard vs. Wells Fargo Reflect Card

The BankAmericard wins this category. It has an intro balance transfer fee of 3% for 60 days from account opening, then 4%. The Wells Fargo Reflect card, on the other hand, has a balance transfer fee of 5%, min: $5.

It’s important to limit expenses as much as possible when managing debt, and the BankAmericard’s lower balance transfer fee — despite its shorter balance transfer period — gives the card a huge advantage over the Wells Fargo Reflect card.

Suppose you have $3,000 worth of credit card debt you plan to transfer to either card. It will cost $150 to transfer this balance to the Wells Fargo Reflect Card. It will cost $90 with the BankAmericard. It might not seem like much when compared to your overall debt, but a balance transfer fee tacks more on to what you already owe.