Need some extra time or a means to avoid high credit card interest rates on your revolving credit card debt? Definitely consider the Wells Fargo Platinum Card. This card offers you 0% Intro APR for 18 months on purchases and qualifying balance transfers, then a variable 16.49% to 24.49% APR thereafter!
Not only can you receive some extra time and a means to avoid the high interest rates, you’ll 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 AND free access to your FICO® Credit Score with Wells Fargo Online®. In addition, this card comes with NO ANNUAL FEE.
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Wells Fargo Platinum Card Summary
|Bonus Available||No bonus available|
|Ongoing Benefits||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
Visa Backed benefits
|Foreign Transaction||3% of the total transaction amount|
- No annual fee
- Intro APR period on Purchases and qualifying Balance Transfers
- No rewards or cashback
- No sign up bonus
Editor’s Alternate Pick
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
• Earn unlimited 1.5% cash back on all other purchases.
• Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1.5% on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
Introductory APR Promotion
The Wells Fargo Platinum Visa comes with an 18-month 0% APR introductory offer on purchases and balance transfers. Keep in mind that the balance transfer rate only applies to transfers made within 120 days of account opening.
Once the introductory period ends the usual variable regular APR applies and it depends on y our creditworthiness and the prevailing rates.
Cell Phone Protection
Get reimbursed for cell phone damage or theft. To qualify, you must pay your cell phone bill in full with your Wells Fargo Platinum Visa card. The benefit is subject to a $25 deductible per claim, a $600 per occurrence limit, and a 2-claim-per-year limit. This benefit doesn’t cover lost phones, only stolen (with an accompanying police report) or damaged while remaining in the owner’s possession.
If you have an existing checking account with Wells Fargo, you are able to link your Platinum Visa Credit Card account with their overdraft protection service. At times, when you are making a transaction on your checking account it results in an overdraft, when that happens the overdraft protection will cover the difference by drawing a cash advance on your Platinum card’s available credit line.
Do note that this service is subjected to a $12.50 fee for transfers less than $50 and a $20 fee for transfers greater than $50. Advances also accrue interest at the regular cash advance rate that depends on creditworthiness and prevailing rates.
My Money App
If you didn’t already know, Wells Fargo has a feature suit called “My Money Map” and it allows you to track your spending as well as set budget goals and develop a savings plan across your entire Well Fargo footprint. That also includes your credit and deposit accounts.
Plus it also includes a useful resource library with credit and personal finance education tools. You can find solutions and tools that you might need to plan your financial future.
Other Wells Fargo Platinum Cardholder Benefits
- Auto rental collision damage waiver
- Roadside dispatch
- Travel accident insurance
- Travel and emergency assistance services
Compared to other cards, the Wells Fargo Platinum Card has an extended 0% APR balance transfer time period with no annual fee. This card allows you to have 0% Intro APR Balance Transfers for 18 months! If you’re nearing the end of the 0% APR for you existing card, your current loans/debt is taking too much out of your pocket, or whatever the case may be, definitely consider this card to alleviate the high rates and enjoy 0% APR for 18 months (a great variable rate applies afterwards).
What really catches my attention with Wells Fargo cards is that you 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.
Provide feedback in the comment section below by telling us your thoughts and experience with this credit card. If you’re interested in learning about cards useful for getting 5% cash back, then be sure to check out our list of the Best 5% Cash Back Credit Cards! If you’re just looking for more credit card options in general, then definitely check out our list of the Best Credit Card Bonuses! For what more Wells Fargo has to offer, see our compiled list of Wells Fargo Bank Promotions and the Best Wells Fargo Credit Cards.
Learn more about this card and its features here.
What’s the Competition?
The Capital One Savor Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.
The Capital One Quicksilver Cash Rewards Card offers $200 Cash Back after spending $500 on purchases within 3 months from account opening.
You'll be able to earn 1.5% Cash Back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
The Blue Cash Preferred® Card from American Express offers a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $0 introductory annual fee for one year, then $95. (See Rates & Fees)
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