Wells Fargo Platinum Card Review: 0% APR for18 Months on Purchases and Balance Transfers + No Annual Fee

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.

Wells Fargo Platinum Card Summary

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.

Overdraft Protection

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

Author’s Verdict

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.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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