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

Wells Fargo Platinum Visa® Credit Card Review

Pros & Cons

  • Take advantage of 15 months of zero interest on purchases and balance transfers.
  • 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

Purchase APR
15.90%-25.74% (Variable)
Purchase Intro
APR:
0%
Period:
15 months
Annual Fee
$0

Full Review

Brooklyn Lowery Site Editor

Wells Fargo Platinum Visa® Credit 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® Credit 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 interenst for 15 months on purchases and balance transfers.
  • 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® Credit 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® Credit 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® Credit 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 15 months to make those purchases and balance transfers without accruing interest. 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® Credit 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® Credit 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® Credit 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 15 months, it goes up to 5 percent. And if you’ll be traveling abroad, keep in mind that the Wells Fargo Platinum Visa® Credit Card does have a 3 percent foreign transaction fee.

How Wells Fargo Platinum Visa® Credit Card Compares to Other Cards

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

Neither the Wells Fargo Platinum Visa® Credit Card nor Chase Freedom® comes with an annual fee. What they do both come with is an introductory 15-months of zero interest on purchases and balance transfers; however, they differ when it comes to the balance transfer fee. The Wells Fargo Platinum Visa ® Credit Card charges a 3 percent balance-transfer fee for those first 15 months, while Chase Freedom® charges either $5 or 5 percent of the amount of each transfer, whichever is greater. 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® Credit Card should win out. If you want rewards, you should consider Chase Freedom®.

Wells Fargo Platinum Visa® Credit 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® Credit Card charges for the first 15 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 15 months offered by the Wells Fargo Platinum Visa® Credit Card.

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® Credit Card vs. Barclaycard Ring™ Mastercard®.

The Wells Fargo Platinum Visa® Credit Card gives you 15 months of interest-free purchases and balance transfers 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 15 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® Credit Card when you travel abroad.

Who Should Get This Card?

We see the Wells Fargo Platinum Visa® Credit 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 card compared to other low interest cards

Purchase APR
15.90%-25.74% (Variable)
8.00% (Variable) 
13.49%* Variable 
Purchase Intro
APR:
0%
Period:
15 months
APR:
None
APR:
0%
Period:
15 months
Balance Transfer Intro APR
0%
8.00% (Variable)
0%
Balance Transfer Intro Period
15 months
N/A
15 months (on balance transfers made within 45 days of account opening)
Annual fees
$0
None
$0
CardRatings.com Editorial Staff

Wells Fargo Platinum Visa® Credit Card details

Purchase Intro
APR:
0%
Period:
15 months
Purchase APR
15.90%-25.74% (Variable)
Balance Transfer Intro APR
0%
Balance Transfer Intro Period
15 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:
  15.90%-25.74%
(Variable)
 15.90%-25.74% (Variable)
 24.74%-26.74% (Variable)
APR Floor:
 None
 None
 None
Intro Rate:
 0%
 0%
 N/A
Intro Period:
 15 months
 15 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 15 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
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 15 months on purchases and balance transfers, then a 15.90%-25.74% 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® Credit 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® Credit Card
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® Credit Card

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Apply online for Simmons Bank Visa® Platinum

Simmons Bank Visa® Platinum

  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 8.00% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred
  • No Annual Fee
Credit Needed:
Excellent
Apply online for Barclaycard Ring™ Mastercard®

Barclaycard Ring™ Mastercard®

  • 0% Introductory APR for the first 15 months on purchases. Plus, you'll get a 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 13.49%
  • No balance transfer fees
  • No foreign transaction fees
  • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • Free online access to FICO(R) Credit Score
Credit Needed:
Excellent