SoFi's Relay Financial Insights is a strong choice for users prioritizing budgeting, account aggregation, and financial advice, while the Wells Fargo Autograph Card is better suited for those seeking rewards and credit card benefits.
| Attribute | SoFi's Relay Financial Insights | Wells Fargo Autograph Card |
|---|---|---|
| Account Aggregation Capabilities | Connects to over 12,000 financial institutions using Plaid, Inc.; links bank, investment, retirement, credit card, and loan accounts; allows manual addition of assets; provides up to 24 months of transaction history. | Not available |
| Bill Payment Features | Automatic payments for recurring expenses; money transfers to others. | Pay bills through Wells Fargo Online, Bill Pay, automatic payments, in-branch payments, ATM payments, and by phone. |
| Budgeting and Expense Tracking Tools | Tracks monthly expenses; automatically categorizes spending; allows setting spending targets; provides category-based spending reports; compares monthly spending; offers real-time insights. | Not available. However, the mobile app allows for easy management of transactions and monitoring of spending patterns. |
| Credit Score Monitoring | Free weekly credit score updates using TransUnion VantageScore 3.0; credit alerts; soft pull. | Wells Fargo provides a complimentary Credit Close-Up service to Wells Fargo Online customers. This tool helps you understand and track your FICO Score and provides personalized credit insights. Using Credit Close-Up will not negatively affect your credit score. Credit Close-Up provides personalized credit monitoring alerts from Experian that may impact your credit score, along with full access to your Experian credit report. |
| Debt Management Assistance | Debt monitoring; credit score tracking; free credit report; helps organize and understand debt; suggests debt consolidation. | Wells Fargo may offer solutions if you're struggling to make credit card payments. They will review your financial information to determine potential payment options. Potential options include short-term payment plans with lower interest rates and minimum payments, or long-term payment options with reduced interest rates and managed payment sizes. Wells Fargo can provide referrals to non-profit debt counseling agencies for a holistic approach to debt reduction. |
| Personalized Financial Advice | Digital financial advice; targeted suggestions; potential session with a financial advisor; AI-driven algorithms. | Not available. However, the Autograph Card is a premium banking option that combines exclusive benefits with tailored financial services. |
| Rewards Program for Spending | Points for activities like logging in or checking credit score; redeemable for cash, statement credits, loan payments, or stock. | Earn unlimited 3X points on Restaurants, Travel, Gas stations and electric vehicle charging stations, Transit, Popular streaming services, and Phone plans. Earn 1X point on all other purchases. New cardholders can earn 20,000 bonus points (worth $200) after spending $1,000 in the first 3 months. Points can be redeemed for cash, travel, gift cards, or purchases through PayPal. You can transfer points to travel loyalty programs. |
| Mobile App Features and User Experience | Well-designed website and app; all-in-one dashboard; mobile check deposits; online bill payments. | The Wells Fargo Mobile app allows you to: Access cash, credit, and investment accounts; Review activity and balances; View credit card transactions and manage rewards; Activate or turn cards on or off; Add cards to digital wallets; View recurring payments and manage account access; Deposit checks using your phone's camera; Transfer funds; Send and receive money with Zelle ; Pay bills; Track investments; Report fraud and maintain safe accounts; Manage alerts; Access your FICO Credit Score. The app has a user-friendly interface. |
| Price | Not available | Not available |
| Ratings | Not available | Not available |
| APR (Annual Percentage Rate) | Not applicable | 0% introductory APR for 12 months from account opening on purchases. After the introductory period, a variable APR applies, which can be 19.24%, 24.24%, or 29.24%. The APR will vary based on creditworthiness and market conditions. |
| Credit Limit | Not applicable | Average credit limit is $9,708, with $10,000 being the most common. The minimum starting credit limit is $5,000. Some users have reported limits up to $30,000. Credit limits are based on factors such as credit score, income, and credit history. |
| Foreign Transaction Fees | Not applicable | No foreign transaction fees. |
| Balance Transfer Options | Not applicable | You can request a balance transfer when applying for a new Wells Fargo credit card or through your existing online account. To transfer a balance, you'll need the account number of the credit card you're transferring from and the total balance amount. Balance transfers can take up to 14 days to post. The Wells Fargo Active Cash Card offers a 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers, then a 19.24%, 24.24%, or 29.24% variable APR applies. Balance transfers made within 120 days qualify for the intro rate and fee of 3% (min. $5) then a fee of up to 5% (min. $5) applies. The Wells Fargo Reflect Card offers a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. A 17.24%, 23.74%, or 28.99% variable APR applies thereafter. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. |