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Apply online for Wells Fargo Platinum Visa® Card
About Our Ratings
Credit Needed
Excellent, Good

Wells Fargo Platinum Visa® Card Review

Pros & Cons

  • Take advantage of 18 months of zero interest on purchases and balance transfers (then, 16.15%-25.99% (Variable)).
  • There's no annual fee to eat into the money you'll be saving with that lengthy 0-percent APR intro period.
  • Wells Fargo cardholders receive cellular telephone protection if they pay their monthly bills on their card.
  • There isn't an opportunity to earn rewards for your spending with this card.

Top Features

Balance Transfer Intro APR
0%
Balance Transfer Intro Period
18 months
Balance Transfer Fee
3% intro for 18 months
Purchase APR
16.15%-25.99% (Variable)

Full Review

Brooklyn Lowery Site Editor

Wells Fargo Platinum Visa® Card Essentials

Credit cards these days often dress themselves up with cash-back opportunities or chances to accumulate points or miles. But sometimes what you really need from your credit card is just some extra time to pay off a big purchase without racking up massive amounts of interest or an overdraft protection option to link to your checking account.

And, of course, you’d like to do these things without paying an annual fee to carry that card.

If this is you, it’s time to check out the Wells Fargo Platinum Visa® Card, a no-annual-fee credit card with an introductory 0 percent APR on purchases and balance transfers. It’s a no-frills, no-annual-fee card you can count on to snag you a bit of extra time to pay off consolidated credit card debt or a big purchase and to be a safety net in the case of an overdraft emergency.

Here are the basics:

  • Pay zero interest for 18 months on purchases and balance transfers (then, 16.15%-25.99% (Variable)).
  • Cellular telephone protection if you pay your monthly bill on the card.
  • No annual fee.
  • Zero Liability protection for unauthorized transactions.
  • Access to budgeting and money management tools.

And, while the Wells Fargo Platinum Visa® Card doesn’t have reward options, that doesn’t mean it doesn’t come with some helpful (or even money-saving) features to have at your disposal. It’s the kind of card that’s easy to carry and might be exactly what you need in some specific situations (more on this below).

What Our Editors Like Best About Wells Fargo Platinum Visa® Card

Stuff happens. Your dog shreds your sofa and eats your loveseat. Your best friend decides to get married in Tahiti and asks you to be the maid of honor. Your air conditioner goes kaput on the first 90-degree day of the summer. It’s stuff you can’t necessarily prepare for, but you must pay for.

It’s situations like these that can run up a credit card balance fast and, to add insult to injury, lead to some hefty interest charges. But with the Wells Fargo Platinum Visa® Card’s introductory 0-percent APR on purchases and balance transfers, you can make those purchases (or transfer them if they’ve already happened) and avoid racking up interest while you work to pay off those charges.

New cardholders have 18 months to make those purchases and balance transfers without accruing interest (then, 16.15%-25.99% (Variable)). This isn’t the stuff of credit card-reward fantasies, but it’s certainly practical and, if you find yourself in these situations, can certainly be a financial lifesaver.

Even after that introductory 0-percent APR period ends, the Wells Fargo Platinum Visa® Card still packs a punch for your wallet. One unique feature? Cardholders enjoy cellular telephone protection, a unique but potentially huge feature.

Wells Fargo Platinum Visa® cellular protection details:

  • In order to be eligible should you need it, you must pay your monthly cellular bill on your Wells Fargo Platinum Visa® Card.
  • The coverage protects the primary cardholder for up to $600 in the event the phone is damaged or stolen. Note that the protection does not apply to lost phones.
  • The primary phone on the cellular account as well as the next three phones as listed on the bill are eligible for the protection.
  • Each claim is subject to a $25 deductible and claims are limited to two per year with a maximum benefit of $600 per claim and $1,200 per year.

Potential Downsides of the Wells Fargo Platinum Visa® Card

This is a no-nonsense card to have in your credit card arsenal, but it does lack the allure of rewards-earning potential. If you’re in the market for low introductory APRs, this card is for you; if you’re looking to rack up rewards as you spend, it’s best you look at perhaps the Wells Fargo Propel American Express® Card instead.

Additionally, there are some fees associated with this card that could add up fast. First, there’s an introductory 3 percent balance transfer fee – after the first 18 months, it goes up to 5 percent. And if you’ll be traveling abroad, keep in mind that the Wells Fargo Platinum Visa® Card does have a 3 percent foreign transaction fee.

How Wells Fargo Platinum Visa® Card Compares to Other Cards

Wells Fargo Platinum Visa® Card vs. Chase Freedom®.

Neither the Wells Fargo Platinum Visa® Card nor Chase Freedom® comes with an annual fee. What they do both come with is an introductory zero interest period on purchases and balance transfers; however, they differ when it comes to the balance transfer fee and duration. The Wells Fargo Platinum Visa® Card charges a 3 percent balance-transfer fee for those first 18 months, while Chase Freedom® charges either $5 or 5 percent of the amount of each transfer, whichever is greater, and the intro period is shorter at 15 months. It may not seem like much, but that 2 percent could make a significant difference if you’re planning to make a couple of big transfers.

Looking beyond the intro offers, the differences are significant.

Chase Freedom® is a cash-back rewards card that allows you to earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months like gas stations, restaurants, and wholesale clubs. Unlimited 1% cash back on all other purchases.

If you’re looking for a basic card with an attractive balance-transfer option, the Wells Fargo Platinum Visa® Card should win out. If you want rewards, you should consider Chase Freedom®.

Wells Fargo Platinum Visa® Card vs. Citi Simplicity® Card - No Late Fees Ever.

The Citi Simplicity® Card – No Late Fees Ever (Citi is a CardRatings.com advertiser) brings a significant balance-transfer option to the table: 21 months with a 0-percent APR. It’s a no-brainer if you need significant time to pay off a big purchase or are looking to consolidate some debt from other cards. The balance-transfer fee of 3 percent is the same Wells Fargo Platinum Visa® Card charges for the first 18 months.

Both cards also offer a 0-percent intro period for purchases, though the Citi Simplicity® Card - No Late Fees Ever period gives you 21 months as compared to the 18 months offered by the Wells Fargo Platinum Visa® Card (then, 16.15%-25.99% (Variable)).

If time to pay off your debt is your biggest concern, you’ll likely do better with Citi Simplicity® Card – No Late Fees Ever.

Wells Fargo Platinum Visa® Card vs. Barclaycard Ring™ Mastercard®.

The Wells Fargo Platinum Visa® Card gives you 18 months of interest-free purchases and balance transfers (then, 16.15%-25.99% (Variable)) just like the Barclaycard Ring™ Mastercard®; however, the Barclaycard Ring™ Mastercard® has a lower ongoing interest rate on purchases, balance transfers and cash advances, so it may be a better choice if you anticipate needing longer than the 18 months to pay off your card.

The Barclaycard Ring™ Mastercard® has no annual fee, nor does it charge foreign transaction fees, meaning you’ll save 3 percent per transaction if you use it instead of the Wells Fargo Platinum Visa® Card when you travel abroad.

Who Should Get This Card?

We see the Wells Fargo Platinum Visa® Card as an excellent option for the credit card user who doesn’t want a lot of details to keep up with, but does need the option to make a large purchase or consolidate some debt and pay zero interest for a time.

This page was last updated on August 08, 2017

This card compared to other balance transfer cards

Balance Transfer Intro APR
0%
0%*
0%
Balance Transfer Intro Period
18 months
21 months on Balance Transfers*
18 months
Balance Transfer Fee
3% intro for 18 months
3% of each balance transfer; $5 minimum.
3%
Purchase Intro
APR:
0%
Period:
18 months
APR:
0%* intro on purchases
Period:
21 months on Purchases*
APR:
0%
Period:
6 months
Purchase APR
16.15%-25.99% (Variable)
14.49% - 24.49% (Variable) 
11.99% - 23.99% Variable 
Annual Fee
$0
$0*
$0
Rates and Fees
CardRatings.com Editorial Staff

Wells Fargo Platinum Visa® Card details

Purchase Intro
APR:
0%
Period:
18 months
Purchase APR
16.15%-25.99% (Variable)
Balance Transfer Intro APR
0%
Balance Transfer Intro Period
18 months
Annual Fee
$0
see more  

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 11.90% to 21.74%
 11.90% to 21.74%
 20.74% to 22.74%
APR:
  16.15%-25.99%
(Variable)
 16.15%-25.99% (Variable)
 24.99%-26.99% (Variable)
APR Floor:
 None
 None
 None
Intro Rate:
 0%
 0%
 N/A
Intro Period:
 18 months
 18 months
 N/A


Finance Calculation Method:
 Average Daily Balance (including new purchases)
Default/Penalty APR:
 None
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 None
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 3%
Late Fee:
 Up to $37
Over-the-limit Fee:
 0% ( $0 max.)
Balance Transfer Fee:
3% intro for 18 months  


Notes:

Rebate Description:
 N/A
Special Notes:
 
Credit Card More Information:

Card Issued By:
 Wells Fargo Bank, NA
General Correspondence Address:
PO Box 10347
Des Moines, IA 50306
Card Type:
 Visa
Card Class:
 Platinum
Card Category:
 Low Intro Rate, Low Interest, Primary Category Cards - Balance Transfer
States Available In:
 
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Wells Fargo Bank, NA says about this card

  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
  • 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 Wells Fargo Platinum Visa® Card
  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

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Special offers
Currently available on the Wells Fargo Platinum Visa® Card
Get up to $600 protection on your cell phone against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card
(subject to $25 deductible)

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Apply online for Citi Simplicity® Card - No Late Fees Ever

Citi Simplicity® Card - No Late Fees Ever

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee...EVER.
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The same great rate for all balances, after the introductory period.
  • Save time when you call with fast, personal help, 24 hours a day - just say "representative"
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.
Credit Needed:
Excellent, Good
Apply online for Discover it® - 18 Month Balance Transfer Offer

Discover it® - 18 Month Balance Transfer Offer

  • New! We'll monitor your Social Security Number. Get an alert if we find your Social Security Number on any of thousands of risky websites.* Activate for FREE.
  • You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your FICO® Credit Score for free on monthly statements, on mobile and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Credit Needed:
Excellent, Good