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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 an introductory 18 months of zero interest on purchases and balance transfers (then, 17.74%-27.24% Variable).
  • There's no annual fee to eat into the money you'll be saving with that lengthy 0-percent APR intro period.
  • Cardholders receive cellular telephone protection if they pay their monthly bills on their card and get easy access to their FICO® Credit Score with Wells Fargo Online®.
  • 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% for 120 days, then 5%
Regular APR
17.74%-27.24% 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 an introductory zero interest for 18 months on purchases and balance transfers (then, 17.74%-27.24% 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.
  • Easy access to your FICO® Credit Score with Wells Fargo Online®.

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, 17.74%-27.24% 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. You can also enjoy easy access to your FICO® Credit Score with Wells Fargo Online®.

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 Cash Wise Visa® Card instead.

Additionally, there are some fees associated with the Wells Fargo Platinum Visa® Card card that could add up fast. First, there is an intro fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 3% for 120 days, then 5% for each balance transfer, with a minimum of $5. 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 though it's just for 15 months with the Chase card (after the 15 months, the rate jumps to 17.24 - 25.99% Variable for Chase Freedom®).

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, this could be a toss-up. 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 another noteworthy interest-free period to the table: 12 months (from account opening) with a 0 percent APR on purchases and 21 months (from first balance transfer) on balance transfers--all transfers must be made within the first 4 months (then, 16.24% - 26.24% variable, based on creditworthiness).

Be advised that if you transfer a balance after the 0% intro offer expires on the Citi Simplicity® Card - No Late Fees Ever card, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full. Furthermore, the Wells Fargo card does offer you that cell phone protection as long as you pay your bill with the card, so it could save you some money even after the intro period ends.

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, 17.74%-27.24% Variable); however, the Barclaycard Ring® Mastercard® has a lower ongoing interest rate on purchases, balance transfers and cash advances (14.24% Variable), so it may be a better choice if you anticipate needing longer than the 18 months to pay off your card (See Rates and Fees).

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 February 14, 2019

This card compared to other balance transfer cards

Balance Transfer Intro APR
0%
0%* intro on BTs
0%*
Balance Transfer Intro Period
18 months
18 billing cycles on Balance Transfers*
21 months on Balance Transfers*
Balance Transfer Fee
3% for 120 days, then 5%
3%
5% of each balance transfer; $5 minimum.
Purchase Intro
APR:
0%
Period:
18 months
APR:
0%*
Period:
18 billing cycles on Balance Transfers*
APR:
0%*
Period:
12 months on Purchases*
Regular APR
17.74%-27.24% Variable
14.74% - 25.74%* Variable 
16.24% - 26.24% 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
Regular APR
17.74%-27.24% Variable
Balance Transfer Intro APR
0%
Balance Transfer Intro Period
18 months
Annual Fee
$0

What Wells Fargo says about this card

  • 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 17.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • 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
  • Easy 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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Highlighted offers
Currently available on the Wells Fargo Platinum Visa® Card
0% Intro APR for 18 months on purchases and balance transfers (fees apply),
Then a 17.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
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Apply online for U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card

  • 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 14.74% - 25.74%
  • Great Offer from U.S. Bank, a 2018 World's Most Ethical Company® - Ethisphere Institute, February 2018
  • No Annual Fee*
  • Flexibility to choose a payment due date that fits your schedule
  • 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 U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
Credit Needed:
Excellent Credit
Apply online for Citi Simplicity<sup>®</sup> 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 for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%*, based on your creditworthiness
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% 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