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Key takeaways
- If paying down high-interest bank card debt is your purpose, the Wells Fargo Mirror® Card’s lengthy intro APR provide is tough to beat.
- If you wish to earn a excessive charge of flat money rewards on purchases, the Wells Fargo Lively Money® Card is without doubt one of the greatest flat money rewards playing cards available on the market.
- Each playing cards additionally include cellphone safety in opposition to injury or theft, together with commonplace bank card advantages like zero fraud legal responsibility and pay-per-use roadside help.
The Wells Fargo Mirror® Card and the Wells Fargo Lively Money® Card provide customers many benefits. One card provides one of many longest introductory APR durations for purchases and qualifying stability transfers available on the market. The opposite provides a flat-rate money rewards program that’s so versatile and simple to make use of, it’s what different money rewards applications ought to aspire to.
To search out out which card may be higher for you, we’ll evaluate the Wells Fargo Mirror vs. Wells Fargo Lively Money aspect by aspect.
Primary particulars
| Playing cards | Wells Fargo Mirror Card | Wells Fargo Lively Money Card |
|---|---|---|
| Welcome bonus | N/A | Earn a $200 money rewards bonus after spending $500 inside the first 3 months of account opening |
| Rewards charge | N/A | Limitless 2% money rewards on purchases |
| Intro APR |
|
|
| Annual charge | $0 | $0 |
| Overseas transaction charge | 3% | 3% |
Wells Fargo Lively Money vs. Wells Fargo Mirror highlights
Each the Wells Fargo Mirror and the Wells Fargo Lively Money have robust advantages, though there are main variations between them. We’ll evaluate among the main options beneath.
Welcome bonus winner
Rewards charge winner
Overseas transaction charge winner
Which card earns extra?
We’ll check out an instance of how one would possibly use both card to make $1,000 in purchases.
Spending instance
The Wells Fargo Mirror doesn’t provide any money rewards, so once you make $1,000 in purchases in your card, you received’t earn something on these purchases.
With the Wells Fargo Lively Money, the identical $1,000 in purchases will earn a flat 2 % money rewards again, which is the same as $20 in money rewards. Should you make at the least $500 price of purchases inside the first 3 months of account opening, you’ll additionally earn the $200 money rewards welcome provide.
Why must you get the Wells Fargo Mirror?
An additional-long intro APR provide on purchases and qualifying stability transfers is sufficient to garner severe consideration. Nonetheless, the Wells Fargo Mirror has a number of different advantages price noting.
Extra advantages
- Aggressive common APR: After the intro APR provide ends, the variable rate of interest is at present 18.24 %, 24.74 % or 29.99 % — which can be decrease than or pretty aggressive with common bank card rates of interest nationwide.
- Cellphone safety: Should you pay your cellphone invoice together with your Wells Fargo Mirror card, you’ll obtain cellphone protection for eligible theft and injury claims. You’ll obtain protection of as much as $600 per declare and the flexibility to file a most of two claims per yr. A $25 deductible applies.
- My Wells Fargo Offers: You possibly can earn money rewards by activating limited-time provides with retailers that take part on this program.
- Visa advantages: Visa Conventional advantages are included with this card, which suggests you’ll have entry to plain advantages like emergency card alternative and 24/7 pay-per-use roadside help.
Redemption choices
Since there isn’t any rewards program in place, there are at present no redemption choices accessible with this card.
Really useful credit score rating
A very good to wonderful credit score rating (670 to 850) is advisable for the Wells Fargo Mirror.
Why must you get the Wells Fargo Lively Money?
A flat money rewards charge is engaging — there aren’t any complicated promotional durations, class activations or various rewards charges for various classes. Because the Wells Fargo Lively Money is without doubt one of the greatest flat charge money again playing cards available on the market, that might be sufficient to justify signing up. Nonetheless, there are different causes this card could also be a wise selection for you.
Extra advantages
Most of the Wells Fargo Mirror’s perks additionally prolong to Wells Fargo Lively Money cardholders, too. You’ll get the identical perks like cellphone safety protection and entry to My Wells Fargo Offers. You’ll additionally get Visa Signature advantages, which embrace the Visa Conventional advantages, plus entry to Visa Signature® concierge companies, Luxurious Resort Assortment properties and extra.
The Wells Fargo Lively Money’s common variable APR is 20.24 %, 25.24 % or 29.99 %. That’s not fairly nearly as good because the Wells Fargo Mirror’s variable APR, however it’s nonetheless aggressive for the market.
Redemption choices
One other Wells Fargo Lively Money perk is its number of redemption choices. When you earn money again rewards, you’ll have a number of methods to redeem your them, together with:
- Assertion credit
- Money (in $20 increments) at Wells Fargo ATMs
- Direct deposits to a Wells Fargo checking or financial savings account
- Present playing cards
- Journey through Wells Fargo Rewards
- Credit score towards principal stability on a qualifying Wells Fargo mortgage
Really useful credit score rating
As with the Wells Fargo Mirror, you’ll want a great to wonderful credit score rating (670 to 850) to qualify.
The underside line
If paying down high-interest bank card debt is your purpose, or if you already know you could make a big buy and pay over time, the Wells Fargo Mirror is tough to beat. Paying down debt could be a sport changer on your funds. It’s possible you’ll not earn money rewards or factors, however the card might assist together with your long-term monetary targets.
The Wells Fargo Lively Money, nevertheless, is price contemplating for its flat money rewards program. Few rewards applications are as easy and as versatile as this one. Should you like the thought of utilizing your bank card for on a regular basis purchases with out having to maintain observe of bonus or rotating classes, you possibly can earn a excessive charge of flat money rewards on all the purchases you make. Simply remember to pay your stability in full every month to really reap the advantages of any money rewards you earn.
