Wells Fargo Platinum Visa

Wells Fargo Platinum Visa card art
Our Take

If you plan to carry a balance and don’t need perks the extended intro APR period is a solid reason to choose Wells Fargo Platinum Visa. 

Read full review
Learn Moreand find out how you can apply here

Features

Intro Period Months

18

Balance Transfer Fee

3%

Balance Transfer Intro APR

0%

Annual Fee

$0

Annual Fee
No Annual Fee
Balance Transfer Fee
5% for each balance transfer, with a minimum of $5
Cash Advance Fee
Either $10 or 5% of the amount of each advance, whichever is greater
Foreign Transaction Fee
3% of each transaction converted to U.S. dollars
Why We Like It:

"Lengthy intro period with 0% APR"

Recommended Credit:
690
850
Excellent and Good Credit

Our Review

The Wells Fargo Platinum is an average credit card, but it’s not necessarily the best addition to most people's wallets. Where the card really shines is with its extended intro APR period. For people looking to transfer a balance or finance a one-time large purchase, this could be a boon. There is a small balance transfer fee, however. If you are simply looking for a no- or low-interest card for regular, everyday use, this isn’t the card for you. You’d be much better off getting a rewards card and paying the balance in full each month to avoid interest, if that's the case.

This card is fairly ordinary, and beyond the intro APR offer, it doesn’t have many perks. That said, the card seems to have a bit of an identity crisis. The perks it has don’t make it easy for the average consumer to decide if it’s a balance transfer card or better suited for everyday use. For instance, it entices you to make bill pay a priority as one of its few benefits and it offers cell phone protection if you pay your bill with the card. That can be helpful for someone who has a pricey piece of smartphone technology and no insurance or care plan. However, similar offers exist with better rewards cards. So, do your research.

The bottom line is if you have the “Good” to “Excellent” credit score required for this Platinum card, there are likely other offers coming your way that are better. That said, if you plan to carry a balance and don’t need perks (perhaps, you already carry a great rewards card) the extended intro APR period might be enough to sway you to apply for the Wells Fargo Platinum Visa. You aren’t likely to be disappointed as long as you understand the simple nature of this card going into the agreement.

Highlights
  • Up to $600 of protection for your cell phone which covers damage and theft when you pay your cell phone bill with this card. 
  • Gain free access to your FICO credit score.
Ratings

Intro APR

5

Balance Transfer Fee

4

Annual Fee

5

Foreign Transaction Fee

4

Overall

4.5

Overall
4.5
Learn Moreand find out how you can apply here

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