A color filter including a substrate, a plurality of pixel units and a transparent electrode layer is provided. The substrate has a plurality of pixel regions. Each pixel region has a plurality of first sub-pixel regions and a second sub-pixel region. Each pixel unit is disposed in one of the pixel regions corresponding thereto and includes a plurality of and a white filter film. Each color filter film is disposed in one of the first sub-pixel regions corresponding thereto and the white filter film is disposed in the second sub-pixel region. Since the area of the white filter film is larger than the area of each color filter film, the color filter has high light-transmittance. The transparent electrode layer is disposed on the pixel units. Furthermore, a color reflective display device with the color filter is disclosed.