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Wells Fargo Platinum Review: Among the Longest 0% Intro APRs

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Offer status

The Wells Fargo Platinum Card is no longer available for new applicants and card details may be out of date.

The Wells Fargo Platinum card is a solid 0% intro APR credit card that will help you reshape your finances without paying excessive fees. It doesn’t come with a long list of perks and rewards, but the benefits it does come with are highly useful if you're wanting to pay off debt faster or finance a big upcoming purchase without paying interest. Find out if this credit card is right for you with our in-depth Wells Fargo Platinum card review.

  • A clear standout card in its category with a long 0% intro APR for 18 months from account opening on both qualifying balance transfers and purchases, no annual fee, and a FICO® Score for free.

    • Long 0% intro APR offer
    • No annual fee
    • FICO® Score for free
    • Mobile phone protection
    • No rewards
    • Balance transfer fee
    • 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 of 3% then a BT fee of up to 5%, min: $5
    • $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

Full Wells Fargo Platinum review

This credit card is a good fit for: Consumers who need plenty of time to work on paying off expenses or credit card debt with a 0% intro APR offer.

Top perks

0% intro APR for qualifying balance transfers: The Wells Fargo Platinum card comes with a 0% intro APR for 18 months after account opening, which is one of the longest we've seen. Transfers must be made within 120 days of account opening to qualify.

0% intro APR for purchases: The 0% intro APR for purchases is equally impressive at 18 months from account opening and adds interest-free versatility.

No annual fee: This card has no annual fee, which is a must if you’re already trying to pay off credit card debt and want to find the best credit card.

FICO® Score for free: Another important feature for folks who are in debt is credit score tracking. The Wells Fargo Platinum card comes with free online access to your FICO® Score at any time as well as the Wells Fargo “My Money Map,” which provides you with tools to easily create a budget and manage your spending.

Cell phone protection: This feature is unique to Wells Fargo. As long as you sign up to pay your cell phone bill with your Wells Fargo Platinum card, your cell phone is insured. If it’s damaged or stolen, you’ll receive up to $600 in protection with a $25 deductible.

What could be improved

Balance transfer fee: The intro balance transfer fee on the Wells Fargo Platinum card is 3% ($5 min.) for transfers made with 120 days from account opening. The fee afterwards is up to 5% ($5 min.). While the intro fee is competitive, it is a fee nonetheless.

Rewards: You’ll get plenty of use from the Wells Fargo Platinum card if you need to do a balance transfer, but you won’t get many extras. The card comes with no rewards program.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

As long as you have a good credit score (700 and higher), you have a high likelihood of approval for this credit card. Even with a credit score of 670 or above, you have a good chance of being approved. Wells Fargo does tend to favor people who have already built a relationship with them, so if you have prior Wells Fargo accounts, this could increase your odds.

Alternatives to consider

  • If you want a balance transfer card that offers rewards: The ERROR: review_url not found for object:citi-double-cash includes the same 0% intro APR on balance transfers for 18 months, but also offers among the best cash back rewards program we've come across. Cardholders earn an unlimited 2% cash back, which is awarded at a 1% rate for purchases and another 1% when that balance is paid off.
  • If you want another 0% intro APR period option: The ERROR: review_url not found for object:citi-diamond-preferred is worth considering as it has an 18 month intro period on balance transfers and purchases. Since this card mirrors Wells Fargo Platinum card in many areas, it may be better fit for cardholders already in Citi's banking ecosystem.
As of May. 17, 2022
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Citi® Double Cash Card – 18 month BT offer Citi® Diamond Preferred® Card

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer:

N/A

Welcome Offer:

N/A

Rewards Program: Info Icon Circle with letter I in it.

Up to 2% cash back

Rewards Program:

N/A

Intro APR:

Purchases: N/A

Balance Transfers: 0%, 18 months

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: 0%, 21 months

Regular APR:

14.74% - 24.74%, variable

Regular APR:

14.49% - 24.49% Variable

Annual Fee:

$0

Annual Fee:

$0

Highlights:

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

Highlights:

  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 14.49% - 24.49%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • The standard variable APR for Citi Flex Plan is 14.49% - 24.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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This card is right for you if:

  • You're paying off high interest debt and want to save money by doing a balance transfer
  • You can pay off the balance you plan to transfer in 18 months or fewer
  • You want to finance a new purchase with a 0% intro APR card and can pay off the balance in 18 months or fewer

The Wells Fargo Platinum card is one of the best options for a 0% intro APR credit card. If you’re currently paying off debt that you know you could tackle in 18 months, you should get the Wells Fargo Platinum card to avoid paying interest on that debt. The money you save on interest will almost always offset the balance transfer fee, unless you already have an incredibly low APR.

If you have too much debt to pay off in the next 18 months, you might want to consider other options. You could always transfer a portion of your balance to the Wells Fargo Platinum card. Then, you can try to negotiate a lower interest rate for your remaining balance or look into low-interest credit cards and debt consolidation loans.

The Wells Fargo Platinum card also offers a 0% intro APR on purchases also for 18 months, making it a good option for people looking to finance a new purchase without paying interest. However, you should only consider this option if you’re certain you can pay off the balance in time, otherwise you’ll end up paying far more money in interest than you saved. Generally, it’s better to save up money for these kinds of purchases than to put them on a credit card.

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