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Wells Fargo Platinum card

Wells Fargo Platinum card

Wells Fargo Platinum card

Introductory APR
0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then 16.49%-24.49% (Variable)
Extra Perks
Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum card
Credit Tools
Easy access to your FICO® Credit Score with Wells Fargo Online®. Monitor your spending, purchases and any suspicious activity with text and email alerts and notifications
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Wells Fargo Platinum card best for?

For consumers with excellent/good credit who wish to pay down debt without getting hit by costly interest charges, the Wells Fargo Platinum card offers lengthy introductory APR periods on both purchases and balance transfers.

It’s a pretty no-frills credit card in other regards, but it excels at what it’s meant to do — give cardholders breathing room to pay off a balance — all for a $0 annual fee.

Wells Fargo Platinum card overview

    • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then a 16.49% to 24.49% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
    • $0 Annual Fee
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum card
    • Easy access to your FICO® Credit Score with Wells Fargo Online®
    • Monitor your spending, purchases and any suspicious activity with text and email alerts and notifications
    • Convenient tools to help create a budget and manage your spending with My Money Map
    • Select "Apply Now" to learn more about the product features, terms and conditions
  • Credit needed:
    680 850
    Excellent/Good
  • Auto rental collision damage waiver
  • Roadside dispatch
  • Travel accident insurance
  • Travel and emergency assistance services

Intro Purchase APR

0% intro APR for 18 months from account opening

Intro BT APR

0% intro APR for 18 months on qualifying balance transfers

Annual Fee

$0

Regular Purchase APR

16.49%-24.49% (Variable)

Cash Advance Fee

Refer to Important Credit Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

3% intro for 120 days from account opening, then up to 5%; min: $5

Pros and cons

Pros

  • Generous intro APR offers
  • $0 annual fee
  • Cellphone protection

Cons

  • No rewards program
  • No signup bonus
  • Intro APR offer eligibility restrictions

What we like about the Wells Fargo Platinum card

  • Long intro APR offers

    Consumers looking to save on interest charges on either new purchases or by transferring a balance from another card can save quite a bit with the intro APR offers provided by the Wells Fargo Platinum card.

    Just know that you can’t transfer a balance from another Wells Fargo card.

    • For purchases: 0% intro APR for 18 months from account opening, after which an APR of 16.49%-24.49% (variable) will apply.
    • For balance transfers: 0% intro APR for 18 months on qualifying balance transfers, after which an APR of 16.49%-24.49% (variable) will apply.

    The Wells Fargo Platinum card does charge a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; min: $5 after the 120-day deadline.

  • Annual fee

    The Wells Fargo Platinum card comes with a $0 annual fee.

  • Cellphone protection

    If you pay your cellphone bill with your Wells Fargo Platinum card, your phone will be protected against damage or theft with coverage of up to $600 per claim, with a $25 deductible. There is a maximum of a $1,200 reimbursement per 12-month period.

What to watch out for with the Wells Fargo Platinum card

  • Potentially high APR

    Beware that once the intro APR offer is over, you’ll be charged interest on any remaining balance.

    The APR range on the Wells Fargo Platinum card is 16.49%-24.49% (variable).

    You won’t know what your APR will be until approved for the card, so if you’re socked with an APR near the high-end of that range, it would be smart to pay off any balance before the intro APR offer period expires.

  • No rewards or signup bonus

    Some cards offer intro 0% APR periods and a rewards program, but the Wells Fargo Platinum card does not. Neither does it offer any kind of signup bonus.

    However, if you’re looking at this card as a way to avoid paying interest on a new purchase or dig yourself out of existing credit card debt, rewards shouldn’t be a big priority.

  • Intro APR offer eligibility requirements

    You may not be eligible for an intro APR if you opened any other Wells Fargo credit card in the past 15 months and received an intro APR or a sign-up bonus/welcome offer on that card. Some cardholders call this Wells Fargo’s “1/15 rule.”

Alternate intro APR card

Compare it to the U.S. Bank Visa® Platinum Card

Disclosures |
U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
on U.S. Bank's secure site
0% intro APR for 20 billing cycles on Purchases*
14.49% - 24.49%* (Variable)
$0*
None
  • 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 14.49% - 24.49%.
  • Great offer from U.S. Bank, a 2020 World's Most Ethical Company® - Ethisphere Institute, February 2021.
  • No Annual Fee*
  • Flexibility to choose a payment due date that fits your schedule.
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

Another relatively no-frills credit card offering lengthy intro 0% APR periods on purchases and balance transfers is the U.S. Bank Visa® Platinum Card.

Cardholders who need to spread out payments on a large purchase or transfer debt from a high-interest credit card will do well with either card.

If you’d like a little more time to pay off credit card debt, the U.S. Bank Visa® Platinum Card’s intro 0% APR offers are a couple months longer than the Wells Fargo Platinum card. The balance transfer fee for both cards is comparable. Neither card offers rewards or a sign-up bonus.

With the U.S. Bank Visa® Platinum Card, the intro APR offers are:

  • 0% intro APR for 20 billing cycles on Purchases*, after which an APR of 14.49% - 24.49%* (Variable) will apply.
  • 0% intro APR for 20 billing cycles on Balance Transfers*, after which an APR of 14.49% - 24.49%* (Variable) will apply.

Both cards charge a foreign transaction fee, so if you need to travel outside the United States, leave these at home and take a card with no foreign transaction fee instead. And the U.S. Bank Visa® Platinum Card also has a $0* annual fee.

Compare the Wells Fargo Platinum card to similar cards

Comparison of four different credit cards
Wells Fargo Platinum card U.S. Bank Visa<sup>®</sup> Platinum Card Blue Cash Everyday<sup>®</sup> Card from American Express Discover it<sup>®</sup> Cash Back
Wells Fargo Platinum card U.S. Bank Visa® Platinum Card Blue Cash Everyday® Card from American Express Discover it® Cash Back
Apply Now
on Wells Fargo's secure site
Apply Now
on U.S. Bank's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Discover's secure site
Annual Fee
$0 $0* $0 $0
Welcome Offer
N/A No bonus $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Rewards Rate
None None 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. Terms apply. 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically
Intro Purchase APR
0% intro APR for 18 months from account opening 0% intro APR for 20 billing cycles on Purchases* 0% on purchases for 15 months 0% for 14 months
Regular APR
16.49%-24.49% (Variable) 14.49% - 24.49%* (Variable) 13.99%-23.99% Variable 11.99% - 22.99% Variable APR
Intro Balance Transfer Rate
0% intro APR for 18 months on qualifying balance transfers 0% intro APR for 20 billing cycles on Balance Transfers* N/A 0% for 14 months
Regular Balance Transfer Rate
16.49%-24.49% (Variable) 14.49% - 24.49%* (Variable) N/A 11.99% - 22.99% Variable APR
Balance Transfer Fee
3% intro for 120 days from account opening, then up to 5%; min: $5 Either 3% of the amount of each transfer or $5 minimum, whichever is greater N/A 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Wells Fargo Platinum card U.S. Bank Visa® Platinum Card Blue Cash Everyday® Card from American Express Discover it® Cash Back

Is the Wells Fargo Platinum card right for you?

If your main priority is getting a card with long intro 0% APR offers on purchases and balance transfers, the Wells Fargo Platinum card is an excellent pick — as long as you aren’t tripped up by the 1/15 rule. If you have opened a Wells Fargo credit card within the past 15 months, or if you just need a longer intro 0% APR period, consider the U.S. Bank Visa® Platinum Card as an alternative.

Apply Now
on Wells Fargo's secure site