If you prioritize avoiding interest and potentially transferring a balance, the Wells Fargo Reflect® Card is a strong choice. However, if you spend heavily on dining and groceries and can utilize the statement credits, the American Express® Gold Card could provide more value despite its annual fee.
| Metric | Wells Fargo Reflect® Card | American Express® Gold Card |
|---|---|---|
| Annual Fee | $0 | $325 |
| Purchase APR | 17.24%, 23.74%, or 28.99% variable APR | 20.24% to 29.24% variable APR on eligible charges when using the "Pay Over Time" feature |
| Balance Transfer APR | 0% intro APR for 21 months from account opening on qualifying balance transfers | Not available |
| Balance Transfer Fee | 5% (minimum $5) of the total balance transferred | Not available |
| Foreign Transaction Fee | 3% of each transaction amount converted to U.S. dollars | No Foreign Transaction Fees |
| Intro APR Offer | 21 months from account opening on purchases and qualifying balance transfers | N/A |
| Rewards Rate - Dining | Not available | 4X Membership Rewards points per dollar spent at restaurants worldwide (on up to $50,000 in purchases per calendar year, then 1X points) |
| Rewards Rate - Groceries | Not available | 4X points at U.S. supermarkets (on up to $25,000 in purchases per year, then 1X points) |
| Rewards Rate - Travel | Not available | 3X points on flights booked directly with airlines or on AmexTravel.com; 2X points on prepaid hotels and other eligible travel purchases booked through AmexTravel.com |
| Sign-Up Bonus | Not available | Earn 60,000 Membership Rewards Points after spending $6,000 on eligible purchases within the first 6 months of Card Membership; Welcome bonus of 4,000 Membership Reward Points when you pay the annual fee in the first year |
| Purchase Protection | Not available | Not available |
| overall | Not available | Not available |
| performance | Not available | Not available |