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We give the Wells Fargo Platinum card four out of five Stars for its intro periods and uncomplicated user experience.
The main draws here are the two introductory periods. You’ll get:
So you can use this card to save cash in two ways. If you have a large purchase in your sights, you can give yourself a good deal of time to pay off the balance before it starts to accrue interest.
Or, if you have a balance on another card that’s accruing interest at a high rate, you can transfer it to this card. Then you can pay it off for less money overall by avoiding those interest charges.
While there are no rewards, there are still some useful features all credit cards share, like the ability to help you build credit.
So, is this the card for you? Keep reading to find out, and learn how best to use it to your advantage.
You’ll get a few benefits most cards share, such as zero liability protection. On top of that, you’ll get a collection of Visa Platinum protections, with the addition of cell phone protection. While the main idea of this card is saving money with 0% intro rates, having some additional coverage while traveling might prove useful.
For more information on the benefits your card will provide, see your Guide to Benefits.
Purchase APR | Balance Transfer APR | Cash Advance APR |
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0% for 18 months, then 16.49%-24.49% Variable | 0% for 18 months on qualifying balance transfers, then 16.49%-24.49% Variable | See Terms |
Annual Fee | Foreign Transaction Fee |
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$0 | 3% |
Balance Transfer Fee | Cash Advance Fee |
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3% intro for 120 days, then 5% | See Terms |
Penalty APR | Late Fee | Returned Payment Fee |
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None | Up to $37 | Up to $37 |
The biggest features of this card are the two introductory APRs for balance transfers and new purchases. Both could prove helpful, depending on your situation.
Should you have a balance on another card that’s accruing interest at a high rate (or any interest at all), you can transfer it here and gain more time to pay down your debt without seeing it grow. But, it’s important to note there is still a transfer fee.
So let’s say the transfer fee is 3%. That means if the balance you’re looking to transfer over is $3,000, you’ll have to pay a fee of $90 to move it to the Wells Fargo Platinum. Compare this cost to how much you would’ve spent by keeping the balance where it was: Depending on the APR of the original card and how long it’d take to pay off, the transfer fee may pale in comparison to the money you’d have spent on interest.
Be aware, you’ll need to request balance transfers within the first 120 days of account opening in order to qualify for the intro offer.
As for the purchase APR, the same principle applies: If you have any large purchases lined up, especially those necessary purchases you can’t quite afford, you might want to consider using this card to make them. You’ll get some extra breathing room by making smaller payments month by month, without being charged extra.
The biggest points for the Wells Fargo Platinum card are the long introductory 0% interest periods for both purchases and balance transfers.
Basically, if you need to make a large purchase and are looking for a comfortable amount of time to pay it off, or you need to move a balance from one card to another, this card could prove useful.
However, if you have no need for a balance transfer but want to earn rewards and have 0% interest for new purchases, there are some other options available. Though the durations might not be quite as long as what the Wells Fargo Platinum offers.
To apply now, simply click the button near the card name. You’ll be directed to the credit card issuer’s website, where you can safely input the required information.
You’ll often hear back instantly if you’ve been approved or not, but in some cases it can take longer.
The Wells Fargo Platinum Card is designed for people with fair credit.
As long as you’re within 580–669 for FICO and 601–660 for VantageScore, you’ll be considered to have fair credit. Obviously, it’s all the better if you have even higher credit scores.
That being said, these are more like guidelines, which means even if you have lower credit scores than what are recommended, you may still be approved. Or, even if you have high credit scores, you might not make the cut.
You’ll get 18 months to pay off any new purchases or balance transfers at 0% APR. After that your rate will be 16.49%-24.49% Variable.
Keep in mind that balance transfers must be requested within 120 days to qualify for the introductory 0% offer (see other great balance transfer cards).
No, the Wells Fargo Platinum card has no rewards, like points or cash back. Looking for one that does? Check out our favorite cards that earn rewards.
Yes, you’ll be able to see your FICO Score 9, based on your Experian credit report.
The U.S. Bank Visa® Platinum Card has one of the longest 0% intro APR offers on the market.
The offer here is even longer than what the Wells Fargo Platinum features, giving you more time before your transferred balances and new purchases begin to accrue interest.
The benefits of these two cards are pretty comparable, except the free credit scores vary. With the U.S. Bank card, you’ll see your VantageScore 3.0, based on your TransUnion credit report. With the Platinum, you’ll see your FICO Score 9, based on your Experian credit report.
If the Wells Fargo Platinum won’t give you the breathing room you need, the U.S. Bank card can provide even more time before interest starts to creep in.
securely on the issuer's website
The HSBC Gold Mastercard® Credit Card (Review) is nearly identical to the Wells Fargo Platinum card.
You’ll have the same length of time to make new purchases and balance transfers without accruing interest. There’s no annual fee, and you can check your FICO Score 8 based on your Equifax credit report.
There are fewer protections provided by this card however, and the balance transfer fee is slightly higher than what the Wells Fargo Platinum card charges.
securely on the issuer's website
The Citi® Double Cash Card – 18 month BT offer (Review) is one of the more rewarding no annual fee cards available.
The Double Cash earns cash back at a flat rate for every purchase you make, with no fussing over bonus categories. On top of that, you’ll have 0% for 18 months on Balance Transfers to pay off a balance without it accruing interest (after that your rate will be 13.99% – 23.99% (Variable)).
But, it would probably be a good strategy to use the balance transfer offer before reaping the rewards. If you attempt both at once you could lose your grace period, and interest will accrue on your purchases as soon as you make them.
So if you’re looking for a quality rewards program and have need for a place to move a balance, perhaps this is a good option for you.
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Citi is a Credit Card Insider advertiser.
securely on the issuer's website
The Blue Cash Everyday® Card from American Express (Review) is another rewards card with a 0% APR offer.
The idea behind this card is to provide rewards for purchases you’d make every day. These include earnings at U.S supermarkets, at U.S. gas stations, and at select department stores. And those purchases you make won’t earn any interest for a good while.
You’ll be able to check your FICO Score 8 based on your Experian credit report, and get access to Amex Offers. Through that, you can find special deals of extra cash back at a myriad of different vendors, giving you even more opportunities for great rewards.
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American Express is a Credit Card Insider advertiser.
Do you use the Wells Fargo Platinum card? Have the introductory periods been helpful? Let us know in the comments!
See more 0% APR cards from various issuers, with different terms and features Best 0% APR Credit Cards of January 2021For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.
The Wells Fargo Platinum card has no annual fee and a long 0% APR period for both purchases and balance transfers. As that’s the main focus, there’s little in the way of rewards and benefits.
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