Wells Fargo Reflect Card vs. Chase Slate Edge: Longer Intro Period If You Make Timely Payments with Wells Fargo Reflect

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Our Pick
Good for Longest Intro Period
Editor’s Score: (4.2/5)
Wells Fargo Reflect® Card
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Wells Fargo Reflect® Card
Editor’s Score: (4.2/5)

Apply Now externa link icon At Wells Fargo’s secure site See Rates & Fees.
Good for Competitive Intro Offer
Editor’s Score: (3.2/5)
Chase Slate Edge℠
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Chase Slate Edge℠
Editor’s Score: (3.2/5)

Learn more externa link icon At our partner’s secure site
  • Introductory balance transfer rate:
    0% intro APR for up to 21 months from account opening on qualifying balance transfers
  • Annual fee:
    $0
  • Regular APR:
    15.99% – 27.99% Variable APR
  • Recommended credit score:
    670-850 (Good to Excellent)
  • Introductory balance transfer rate:
    0% Intro APR on Balance Transfers for 18 months
  • Annual fee:
    $0
  • Regular APR:
    17.24% – 25.99% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)
Pros and Cons
Pros and Cons
Pros
  • Long intro APR
  • No annual fee
  • Cell phone protection against damage or theft
Cons
  • No rewards
  • High APR after the introductory offer ends
  • Must meet requirements to get up to 21 months of 0% intro APR
Pros and Cons
Pros
  • No annual fee
  • 0% APR on purchases and balance transfers for 18 months
  • Decrease interest rate over time with responsible use
Cons
  • No rewards for everyday spending
  • Some other cards feature longer 0% APR offers
  • Few added benefits
Additional Card Details
Additional Card Details
  • Get a 0% introductory APR for up to 21 months from account opening on purchases and qualifying balance transfers — start with a 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then unlock three additional months with on-time minimum payments during the 18-month offer, then a 15.99% to 27.99% variable APR thereafter
  • Cell phone protection against damage or theft worth up to $600 when you pay your bill with your eligible Wells Fargo card (subject to a $25 deductible)
  • Get access to My Wells Fargo Deals: earn cash back as an account credit when you shop, dine or enjoy an experience using your eligible Wells Fargo card
  • Roadside dispatch
Additional Card Details
  • 0% intro APR on purchases and balance transfers for 18 months, followed by a 17.24% to 25.99% variable APR
  • Lower your interest rate by up to 2% each year you make all payments on time and spend at least $1,000 on purchases
  • Automatic credit limit review when you make all payments on time and spend at least $500 within the first six months
  • No annual fee
NextAdvisor’s Take

It’s hard to beat either the Wells Fargo Reflect or the Chase Slate Edge for an intro 0% APR credit card for both purchases and qualifying balance transfers. However, the Wells Fargo Reflect inches ahead with low interest for up to 21 months ; as long as you make on-time payments during the intro period (15.99% to 27.99 variable APR thereafter) vs. a maximum 18 months with the Chase Slate Edge (17.24 to 25.99% variable APR thereafter). With three extra months at an intro 0% APR, you’ll have the potential to save much more in potential interest payments.

Over the past several months, credit cards that offer long 0% APR periods on new purchases and balance transfers have made a resurgence, after all but disappearing during the pandemic

Two card options are both among our top picks for the best 0% APR cards for purchases and qualifying balance transfers: the Wells Fargo Reflect® Card and the Chase Slate Edge℠. The lengthy intro periods these cards offer can be a valuable tool if you need to consolidate debt or pay down large purchases over time. 

Here’s how these cards stack up, and how to make the most of their introductory offers, variable APRs, balance transfer fees and more.

Side-by-Side Comparison

Wells Fargo Reflect CardChase Slate Edge
Annual Fee$0$0
Introductory APR for PurchasesUp to 21 months from account opening 0% intro APR on purchases — start with 18 months then unlock three additional months when you make at least the minimum payment during the 18-month Intro offer period0% APR on purchases for 18 months
Introductory APR for Balance TransfersQualify for up to 21 months from account opening with 0% intro APR on qualifying balance transfers — start with 18 months then unlock three additional months when you make at least the minimum payment during the 18-month intro offer period0% APR on balance transfers for 18 months
Ongoing Variable APR15.99% to 27.99%17.24% to 25.99%
Balance Transfer Feesintro 3% balance transfer fee (minimum $5) for the first 120 days

After that, a 5% balance transfer fee (minimum $5) applies
3% balance transfer fee (minimum $5) for transfers made within 60 days of account opening

After that, a 5% balance transfer fee (minimum $5) applies

Introductory 0% APR on New Purchases

While the Chase Slate Edge extends one of the longest intro offers currently available, for 18 months at 0% APR on new purchases; then a 17.24% to 25.99% variable APR, the Wells Fargo Reflect wins out here. 

After the same 18 month initial intro period, you can secure zero interest for up to 21 months with the Reflect card. To qualify for the additional three months with 0% APR, you must pay on time and make at least the minimum payment during the 18-month intro offer period. After that, there’s a 15.99% to 27.99 variable APR.

Introductory 0% APR on Qualifying Balance Transfers

The same intro periods apply for qualifying balance transfer offers on both cards, too. While the Chase Slate Edge gives you 18 months with 0% intro APR on balance transfers (17.24% to 25.99% variable thereafter). You can secure 0% intro APR for up to 21 months from account opening with the Wells Fargo Reflect, when you make at least the minimum payment on time each month during the 18-month intro offer period (15.99% to 27.99 variable APR thereafter). 

The bottom line when it comes to both 0% APR offers? The Wells Fargo Reflect gives you up to three additional months without interest, if you meet the requirements.

Pro Tip

If you choose either of these cards for a balance transfer, make sure to read the fine print. You’ll only have 60 to 120 days to transfer balances with an intro 3% balance transfer fee, after which the fee goes up to 5%.

Rewards and Benefits Comparison

While neither one of these cards offers rewards for your spending, there are additional perks to keep in mind with each. 

With the Chase Slate Edge, you’ll get the opportunity to lower your interest rate by 2% per year after the introductory period ends. To be eligible, you just have to pay your monthly bill on time, and spend at least $1,000 on your card each year. However, there is a floor —  the current Prime Rate plus 9.74%. Based on today’s Prime Rate of 5.50%, the minimum variable APR you can earn is still 15.24%, which is still a relatively high interest rate.

Other Chase Slate Edge benefits include purchase protection against damage or theft, extended warranties, roadside dispatch and secondary auto rental coverage. You can qualify for a higher credit limit after making at least six on-time payments and spending at least $500.

In addition to offering three bonus months with 0% APR on purchases and balance transfers, the Wells Fargo Reflect’s primary added benefit is cell phone protection worth up to $600. You must pay your monthly cell phone bill with your card to be eligible for this coverage, and a $25 deductible applies.

APRs

The ongoing variable APRs for these two cards are fairly similar. 

  • The Wells Fargo Reflect charges a variable APR of 15.99% to 27.99
  • The Chase Slate Edge comes with a variable APR of 17.24% to 25.99%.

Fees

Neither the Wells Fargo Reflect or the Chase Slate Edge charge an annual fee, and both have the same 3% foreign transaction fee when you use them for purchases abroad. They both charge the same late payment fee and returned payment fee of up to $40. If you pay late or have a payment returned with the Chase Slate Edge, you may also take on a penalty APR up to 29.99%.

The main fee difference is the balance transfer fee. Wells Fargo Reflect gives you more time to transfer balances with a lower fee. You’ll pay the intro 3% (minimum $5) when you transfer a balance within the first 120 days. After that, you’ll pay a 5% balance transfer fee (minimum $5).

The Chase Slate Edge charges a 3% balance transfer fee (minimum $5) for transfers made within just 60 days of account opening. After that, a 5% balance transfer fee (minimum $5) applies.

Our Choice
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Wells Fargo Reflect® Card

Wells Fargo Reflect® Card

Editor’s Score: (4.2/5)
  • Introductory balance transfer rate:
    0% intro APR for up to 21 months from account opening on qualifying balance transfers
  • Annual fee:
    $0
  • Regular APR:
    15.99% – 27.99% Variable APR
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Wells Fargo’s secure site See Rates & Fees.
Learn More externa link icon
Chase Slate Edge℠

Chase Slate Edge℠

Editor’s Score: (3.2/5)
  • Introductory balance transfer rate:
    0% Intro APR on Balance Transfers for 18 months
  • Annual fee:
    $0
  • Regular APR:
    17.24% – 25.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Learn More externa link icon
Citi Simplicity® Card

Citi Simplicity® Card

Editor’s Score: (4.0/5)
  • Introductory balance transfer rate:
    0% for 21 months on Balance Transfers
  • Annual fee:
    $0
  • Regular APR:
    17.74% – 27.74% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Deciding Between Wells Fargo Reflect Card and Chase Slate Edge

If you have a large amount of debt to pay off, a longer introductory 0% APR period can give you more payment flexibility. With that in mind, the Wells Fargo Reflect is the better option for paying off both new purchases and qualifying balance transfers, since you can get 0% intro APR for up to 21 months from account opening when you pay your bill on time during the intro offer period (15.99% to 27.99% variable APR thereafter). Plus, the card’s requirement to make at least the minimum payment on-time each month to qualify for the extension period may act as added incentive to ensure you’re on track with your debt payoff.

That said, it never hurts to look at other cards you may qualify for, too. For example, if you don’t need quite so long to pay down your debt, consider a 0% intro APR card that also earns rewards on your spending long-term. There are several cash back credit cards with 0% APR periods that last anywhere from 12 to 18 months, which can offer both a chance to pay down your debt and lasting cash rewards on your most frequent purchases. 

While the Wells Fargo Reflect and the Chase Slate Edge are both among the top cards for long 0% intro APR offers, make sure to compare different balance transfer credit cards before you decide.