Wells Fargo Platinum Visa® Card

Margaret Drummond  in  0% APR Advertising Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Wells Fargo's secure website

Best for cell phone protection coverage

Annual Fee:
Purchase Intro APR:
0% for 18 months
Balance Transfer Intro APR:
0% for 18 months
Regular APR:
17.74%-27.24% (Variable)
Terms and Restrictions Apply
Bankrate Score: 81 out of 100

Commonly used for: 0% APR, Excellent Credit, Good Credit, No Annual Fee.

The Wells Fargo Platinum Visa® Card is a no-frills option for consolidating and paying down your existing debt.

This card offers a 0% introductory interest rate for new purchases and balance transfers for 18 months, and a 17.74% – 27.24% variable APR thereafter.   With no annual fee, it’s not the best option to accrue debt.  Even for borrowers with excellent credit, the high APR after the introductory period is less than ideal.

It’s worth noting that Wells Fargo charges a 3% fee for balance transfers within the first 120 days (rocketing to 5% thereafter), which can be a hefty sum for those looking to move a significant amount of debt.

The lack of rewards offered with this card is another drawback for long-term use. If you have good to excellent credit, you may consider other 0% interest cards that offer rewards for your spending. For example, the Bank of America® Travel Rewards credit card offers an introductory APR for 12 billing cycles on purchases, after which a 17.24% – 25.24% Variable APR will apply, while also enabling you to earn points on your purchase.

Who should get this card

If you have existing debt that you can’t pay off entirely within an 18-month window, this card may be an excellent option for you. If you need a longer time frame, you may want to transfer your balance to another card. For example, the Citi Simplicity® Card offers a 21-month 0% introductory period on balance transfers; after that, a variable APR of 16.24% – 26.24% will apply.

There are some additional perks to using the Wells Fargo Platinum Visa® Card, however. If you pay your cell phone bill with your credit card every month, you can rest easy knowing that you’re insured for up to $600 if you drop your fancy new smart phone. (Subject to $25 deductible)

Current Wells Fargo customers will benefit from their simple online banking application, which houses all your account information in one place. Cardholders also have access to their FICO score for free online, and use of My Money Map, which is a great resource for budgeting and money management tools.

  • 0% introductory APR for 18 months
  • 0% balance transfer APR for 18 months
  • $0 annual fee
  • High Variable APR after introductory APR expires (17.74% - 27.24% variable)
  • Balance Transfer fee (the greater of 3% or $5 during the introductory period)
  • No rewards

Fees and APR

  • This card charges no annual fee.
  • This card comes with a 0% APR introductory offer for 18 months on purchases and balance transfers, after which the regular APR of 17.74%-27.24% variable will apply. Balance transfer fees apply.
  • This card charges a 3% foreign transaction fee.

Extras, perks and using points

If you pay your monthly mobile bill with your Wells Fargo Platinum Visa® Card, you receive up to $600 protection against damage or theft, with a $25 deductible.

Access your FICO credit score for free through Wells Fargo Online, and use of My Money Map, a financial management and budgeting tool.