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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.
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
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.
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.”
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:
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.
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| Wells Fargo Platinum card | U.S. Bank Visa® Platinum Card | Blue Cash Everyday® Card from American Express | Discover it® Cash Back |
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Apply Now on Wells Fargo's secure site
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Apply Now on U.S. Bank's secure site
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Apply Now on American Express's secure site
Terms Apply
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Apply Now on Discover's secure site
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| 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 |
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.