Is the Wells Fargo Platinum Card worth it? | June 2018

Review: Wells Fargo Platinum Card – June 2018

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Save money with no annual fee and a 0% intro APR offer for 18 months.

  • Get this card if… you want an extended intro APR offer and no annual fees.
  • Good to excellent credit score of 680 to 850 recommended.
Product NameWells Fargo Platinum Card
Intro APR for Balance Transfer0% Intro APR for 18 months (with whichever is greater, $5 or 3% balance transfer fee)
Balance Transfer Rate (not intro)16.65% to 26.49% variable
APR for Purchases ( Purchase Rate )16.65% to 26.49% variable
Annual fee$0
Cash Advance Rate25.49% to 27.49% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$37
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Minimum Interest$1
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$37
Late Payment Fee$37
Cash Advance Fee$10 or 5% of the amount of each advance, whichever is greater

The Basics

The Wells Fargo Platinum Card is unique with a 0% intro APR offer for 18 months, far exceeding the usual 12 months you’ll find with similar cards. If you use this card to pay your cell phone bill, you can get a cell phone protection plan of up to $600 to protect you if your cell phone is lost or broken. To top it off, there’s no annual fee, making this card one to consider.

The name of the Platinum Card offered by Wells Fargo is a tad misleading as it doesn’t come with rewards or offer top-of-the-line perks you might associate with a typical platinum card.

Editorial reviews

Review SiteReviewerStar Rating
ValuePenguinRobert Harrow80%

User reviews

Review SiteStar ratingReview count
Wallet Hub4/5375 reviews
Credit Karma2.5/526 reviews
NerdWallet55 reviews

The perks

  • No annual fees. This card comes with no annual fees for the life of the card.
  • Intro APR offer. Enjoy a 0% intro APR offer on purchases and balance transfers for 18 months.
  • Complementary protection. These include travel accident insurance, auto rental collision damage waiver, cell phone protection, and the Wells Fargo Credit Defense Platinum service.

You’ll also like…

  • Access to FICO score. You can access your FICO credit score for free using the Wells Fargo Mobile platform.
  • Safety and security. This chip enabled card offers increased account security through Verified by Visa, rapid alerts, and a zero liability program. You also benefit through overdraft protection, emergency card replacement, roadside dispatch as well as travel and emergency assistance services.

What to watch out for

  • End of intro APR offer. After 18 months, the 0% intro will end and you’ll pay interest on any outstanding balances. The interest assigned to your card depends on your creditworthiness.
  • Foreign transaction fees. You’ll pay 3% of each transaction you make outside of the US.
  • Balance transfer fees. Balance transfer fees are subject to increase from 3% to 5% after the intro APR expires.
  • Other fees. You’ll pay up to $37 for late or returned payments. Cash advances and overdraft protection advances also attract fees.

Consider other cards if …

What to know before you apply

    You may apply for the Wells Fargo Platinum Card if you’re:

  • At least 18 years old.
  • A resident of the US.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

In order to apply for the Wells Fargo Platinum Card, you’ll need to provide the following information:

  • Full name, contact information and Social Security number.
  • Housing status and monthly rent or mortgage payments.
  • Employment status and gross annual income from all sources.

What credit score do I need?

You have a better chance of application approval with a credit score of 680 or higher.

How to apply for the card

1. On the Wells Fargo Platinum Card website, click Apply Now.

Wells Fargo Platinum Card step 1

2. Existing Wells Fargo customers may sign in for a quicker, prefilled application. Others need to click Continue.

Wells Fargo Platinum Card step 2

3. Provide the required details and complete the application.

Wells Fargo Platinum Card step 3a

Wells Fargo Platinum Card step 3b

Wells Fargo Platinum Card step 3c

Wells Fargo Platinum Card step 3d

4. Confirm if the provided information is correct and click Submit.

How long will it take to be approved?

Wells Fargo processes its applications online, and you’ll typically learn your application’s conditional approval soon after submitting it.

I got the card. Now what?

  • Make timely payments. Register your account online with Wells Fargo to monitor your spending and make payments.
  • Avoid interest. Pay off all outstanding balances by the 18th month to avoid paying interest. Make use of the 25-day grace period after each billing cycle to avoid paying interest on purchases.
  • Avoid unnecessary fees. Ensure that there are adequate funds in your bank account when making payments to avoid stiff late fees and bounced-payment penalties.
  • Customer service. Call 800-869-3557 for support. You can also connect with Bank of America on Facebook @wellsfargo or Twitter @WellsFargo.

Bottom line

This card may work for you if you’re looking for an extended intro APR offer on purchases and balance transfers. Also, not needing to pay an annual fee is always nice.

Common questions about Wells Fargo Platinum Card

Adrienne Fuller

Adrienne Fuller leads the publishing team at She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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