For consumers with 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.

• 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.

• 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.”

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

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U.S. Bank Visa^® Platinum Card

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Rates & Fees

U.S. Bank Visa^® Platinum Card

(72) Reviews

Intro Purchase APR 0% intro APR for 20 billing cycles on Purchases

Regular Purchase APR 15.24% - 25.24% (Variable)

Annual Fee $0

Rewards Rate None

Highlights

• Limited Time Offer!
• 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 15.24% - 25.24%.
• 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.
• Choose a payment due date that fits your schedule
• No Annual Fee
• Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
• Terms and conditions apply.

Typical Credit Needed

680 850

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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 15.24% - 25.24% (Variable) will apply.
• 0% intro APR for 20 billing cycles on Balance Transfers, after which an APR of 15.24% - 25.24% (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.

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.

The information related to the Wells Fargo Platinum card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. This offer and/or promotion may have since changed, expired, or is no longer available.