If you are looking for a card with a zero-interest period for purchases or balance transfers, the Wells Fargo Platinum Visa Credit Card may be a great option for you. Show
Last updated Dec. 9, 2022 | By Brett Holzhauer FinanceBuzz is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies. ImportantThe Wells Fargo Platinum Visa Credit Card is not currently available from the issuer. If you are interested in a similar Wells Fargo card, check out the Wells Fargo Reflect® Card. Or for the full list of the best cards available, check out our picks for the best balance transfer cards. The Wells Fargo Platinum Visa Credit Card is a great card for balance transfers and consolidating credit card debt. In this review, we’ll highlight the card’s key points so you can decide if it’s the right one for you. In this Wells Fargo Platinum review
Who should get this card?If you’re looking to consolidate credit card debt onto one card, the Wells Fargo Platinum card could be the perfect place to start. With a great introductory APR (annual percentage rate) on purchases and balance transfers, this card can help you wrangle your balances and get on the path to debt reduction. This card isn’t the best for someone looking to build or rebuild their credit, though, as it requires a good-to-excellent credit score. Along with someone working to get out of debt, the Wells Fargo Platinum Visa Credit Card could be a good fit for someone looking for cell phone protection and travel insurance. This is a unique feature, as many balance transfer cards don’t come with these protections. Card basicsCard typeBalance transferCard issuerWells FargoAnnual Fee$0Welcome BonusLong introductory APR period for purchases and balance transfersRecommended Credit ScoreExcellent, GoodIntro APR0%, then 16.49% to 24.49% (variable)Foreign Transaction Fee3%Wells Fargo Platinum Visa benefits and perks
Drawbacks to the Wells Fargo Platinum Visa
Common questionsThe Wells Fargo Platinum Visa Credit Card is a good choice if you want to use a balance transfer to pay off debt. However, it’s not a great card to actively spend on, as there are no rewards for doing so. If you want to earn cash back or valuable travel rewards, be sure to check out our picks for the best credit cards. No, it does not. Your credit limit will be at least $1,000. But the exact credit line issued will be different from person to person and is based on a number of factors, including your credit score. How much is the Wells Fargo Platinum Visa Credit Card minimum payment?Your Wells Fargo Platinum minimum monthly payment includes any amount past due, plus the greater of either $15 or 1% of your new balance, including fees and interest. So let’s walk through what that means in the real world:
Be aware that this is just an example, and interest and fees will range from person to person. What is the minimum credit score for a Wells Fargo Credit Card?For the best chance of being approved for the Wells Fargo Platinum Visa Credit Card, you’ll need to have a good-to-excellent FICO score of 670 or higher. What credit bureau does Wells Fargo use?Wells Fargo credit card uses all three of the major credit bureaus. Other cards to considerIf the Wells Fargo Platinum Visa Credit Card doesn’t fit your financial needs, you’re not out of options. There are other cards available that are designed specifically for balance transfers. The Chase Slate Edge℠ is a great card for balance transfers and for someone looking to consolidate and pay down debt. You’ll have a 0% intro APR on purchases (then 18.74% to 27.49% (variable)). The card also offers a 0% intro APR for 18 months (then 18.74% to 27.49% (variable)). Along with this, you’ll pay $5 or 3%, whichever is greater, on transfers made within the first 60 days of account opening; and then $5 or 5%, whichever is greater. For a long introductory APR on balance transfers, the Citi Simplicity® Card may be a great option. You can get a 0% intro APR on balance transfer for 21 months with this card (then 17.74% to 28.49% (variable)), but be aware that all transfers must be completed in the first four months after account opening. What are the benefits of a Wells Fargo Platinum debit card?Additional card perks and benefits from the Wells Fargo Platinum card. Travel and emergency assistance services.. Auto rental collision damage waiver.. Roadside dispatch (pay-per-use roadside assistance program). Worldwide automatic common carrier travel accident insurance ($150,000 maximum). What does platinum credit card mean Wells Fargo?The Wells Fargo Platinum card is best for those looking for a basic card with no annual fee that gives you an extended interest-free period on balance transfers and purchases. You'll be able to pay down high-interest credit card debt or finance a big purchase without paying interest fees for 18 months.
What are the benefits of having a Wells Fargo credit card?Wells Fargo Credit Card Benefits. Purchase security.. Extended warranty.. Overdraft protection.. Zero liability fraud protection.. Travel and emergency assistance services.. Roadside dispatch assistance.. Lost luggage reimbursement.. Travel accident insurance.. Is Wells Fargo Platinum Card a good card?The Wells Fargo Platinum credit card is a very good credit card for people with good credit or better who want a long-lasting 0% introductory APR and a $0 annual fee. Wells Fargo Platinum offers 0% for 18 months on new purchases and 0% for 18 months on qualifying balance transfers – both months longer than average.
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