Wells Fargo Platinum card Review – 0% Intro APR for 18 Months

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Editorial Note: The editorial content on this page is prepared by CardBenefit staff. Opinions expressed herein are author's alone, not those of the bank, credit card issuer, airlines or hotels, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Overview

If you need a 0% interest credit card, Wells Fargo Platinum card is an ideal no-annual-fee 0% VISA card. It offers 0% interest on purchases and qualifying balance transfers for 18 months from account opening. In addition, it has no annual fee and has low transaction fees for balance transfers. All of the features make Wells Fargo Platinum card one of the best 0% interest credit cards available for U.S. consumers.

  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then a 16.49% to 24.49% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • $0 Annual 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 card
  • Easy access to your FICO® Credit Score with Wells Fargo Online®
  • Monitor your spending, purchases and any suspicious activity with text and email alerts and notifications
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • Select "Apply Now" to learn more about the product features, terms and conditions
Intro APR
0% on Purchases and qualifying Balance Transfers
Intro APR Period
18 months from account opening
Regular APR
16.49%-24.49% (Variable)
Annual Fee (rates & fees)
$0

Card Benefits

0% Intro APR

Wells Fargo Platinum card offers 0% interest on purchases and qualifying balance transfers for 18 months from account opening. After the introductory period, the go-to rate of 16.49%-24.49% (variable) applies.

With 0% interest on purchases, you can make expensive purchases now and pay off credit-card balance 18 months later. As long as you make minimum payments shown on your credit-card statements every month, you will not have to pay any interest or fees for 18 long months.

Furthermore, you can have 0% interest on balance transfers, which means that you can transfer existing balance of other credit cards to your new Wells Fargo Platinum card. In this way, you can save money on interest fees by paying off current credit-card balance now. And you can then pay no interest for 18 intro months on the Wells Fargo Platinum card.

Savings on Balance Transfers

For each balance transfer, there is a one-time transaction fee. If you transfer balances within 120 days from account opening, the introductory balance transfer fee is 3% of the amount of each balance transfer, with a minimum fee of $5. After the 120-day introductory period, you pay up to 5% for each balance transfer, with a minimum of $5. The balance transfer fees of Wells Fargo Platinum card are among the lowest of balance-transfer credit cards.

For instance, if you carry a balance of $10,000 on a credit card that has an interest rate of 25%, you can sign up for a new Wells Fargo Platinum card to request a transfer to save about $3,450. The potential interest fees on the current credit-card balance is about $3,750 for 18 months. And the transaction cost is $300 to do the balance transfer in the first 120 days. Therefore, the net savings is about $3,450. You can use our balance transfer calculator to find out how much you can save on balance transfers.

Potential Interest for 18 months$3,750.00
Balance Transfer Fee$300.00
Net Savings$3,450.00
Wells Fargo Platinum Balance Transfer Calculation

Complimentary Cellular Telephone Protection

Cardholders can enjoy complimentary Cellular Telephone Protection provided by Wells Fargo, which reimburses account holders for damage to or theft of cell phones. Just use your Wells Fargo Platinum card to pay monthly cell phone bills, and you will get up to $600 of protection against covered damage or theft. It reimburses you for the cost of the repair or replacement of your original cell phone. You can have a maximum benefit limit of $600 per claim, less a $25 deductible, and $1,200 per 12 month period.

Free FICO Score

Primary account holders of Wells Fargo Platinum card can find out where they stand when it comes to their credit. Card members can get access to their FICO® Scores through Wells Fargo Online®, an online banking platform for managing credit card accounts.

Fees

Wells Fargo Platinum card has no annual fee, which means there is no cost to keep the card. But for purchases that you make when you travel abroad, there are 3% foreign transaction fees. It is typical for no-annual-fee credit cards to have 3% surcharges on foreign purchases.

Required Credit Rating

Wells Fargo Platinum card is for people with good or excellent credit rating. If you have a credit score of 700 or more, you may qualify for the credit card.

Is this the right card for you?

Wells Fargo Platinum card is best for people to save money with its 0% interest offer for a long introductory period of 18 months. In addition, it has no annual fee and a low transaction fee for balance transfers, which makes it one of the top 0% interest cards. Moreover, card members will receive free Cellular Telephone Protection for damaged or stolen cell phones, up to $600 for repairing or replacing your original cell phone per claim. Cardholders also have access to free FICO scores as an additional perk. In conclusion, these benefits make Wells Fargo Platinum card an ideal 0% credit card to borrow money without worrying about interest fees.

Similar 0% Interest Credit Cards

If you are interested in the Wells Fargo Platinum card, you may also consider the following 0% interest credit cards with similar benefits.

0% Interest for 18 Months or Longer

Credit Card0% Introductory InterestAnnual Fee
BankAmericard Credit CardBankAmericard® credit card0% on purchases and qualifying balance transfers for 18 billing cycles$0
U.S. Bank Visa Platinum CardU.S. Bank Visa® Platinum Card0% on purchases and balance transfers for 20 billing cycles$0

0% Interest for 15 Months

Credit Card0% Introductory InterestAnnual Fee
Wells Fargo Active Cash CardWells Fargo Active Cash℠ Card0% on purchases and qualifying balance transfers for 15 months from account opening
(rates & fees)
$0
Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card0% on purchases and qualifying balance transfers for 15 billing cycles$0
Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express0% on purchases and balance transfers for 15 months
(rates & fees)
$0
(fees)
Chase Freedom UnlimitedChase Freedom Unlimited®0% on purchases for 15 months$0
Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit Card0% on purchases for 15 months$0

0% Interest for 12 Months

Credit Card0% Introductory InterestAnnual Fee
U.S. Bank Altitude Go Visa Signature CardU.S. Bank Altitude Go Visa Signature Card0% on purchases and balance transfers for 12 billing cycles$0
Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card0% on purchases for 12 billing cycles$0
Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express0% on purchases for 12 months
(rates & fees)
$0 introductory annual fee for the first year, then $95.
(fees)

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