No award: Limited value outside the introductory APR
The biggest disadvantage with this card is that it does not offer any type of reward program. That means:
- No welcome bonus. Some credit cards offer bonuses for a welcome of $ 200 or more for new cardowners.
- There are no purchase awards. Other cards earn cash prizes or points on all your acceptable purchases, which can add over time. It is possible to earn $ 500 or more each year in the awards in this way, depending on how much you spend.
Being fair, this card has special offers through my Fargo Buns, where you can earn credit credit cards on purchase, dining room and experience you pay with your acceptable wells Fargo card. But earning some loans to the statements here and there are almost valuable as money prizes earn in all your daily purchases.
Due to the lack of award, this card has not much long-term value. Once it ends from 0% intra Apr, there is no incentive to continue to use. You better switch to the prize credit card at that time.
It is worth noting that there are credit cards of 0% APR that also have program awards. They are just shorter 0% in April introductory period. If you don’t need a full 21 months, from opening the account of this Fargo card well, then it could more sense to select a card with a shorter introduction period that earns prizes.
Expensive fees for balance transfers and foreign transactions
Card Cact Wels Fargo Reflect® is a large balance card for the balance of the balance due to its 0% intra Apr. But also has Balance fee of 5%, min: $ 5.
Maps to transfer balance usually have such a fee, but some of them charge only 3%. May not seem much but if you move $ 5,000, In order for 2% of the difference to cost you an additional $ 100. If you don’t need 21 months from opening an account to get out of debts, you may want to view multiple credit cards reviews and select the card with the transfer fee below.
There is IA foreign transaction of 3%What is another reason this is not the best card for long-term use. If you ever travel outside the United States, it is important to have a card that you can use without additional fees, such as a travel credit card
