Wells Fargo Platinum Card Review

A no-frills, plain-vanilla credit card

Wells Fargo bank
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The "platinum" in Wells Fargo Platinum Card would make you think you're getting a top of the line credit card full of perks and benefits, but don't get your hopes up. The Wells Fargo Platinum Card has a great introductory APR and (the possibility of) a relatively low-interest rate, but there aren't any rewards or premium cardholder services that would allow the Platinum Card to live up to its title.

Wells Fargo Platinum Card Details

Intro Purchase APR 0% for 18 months
Ongoing APR 13.74%-27.24%, based on your creditworthiness
Balance Transfer APR 0% for 18 months, then 13.74%-27.24%
Balance Transfer Fee Introductory fee of either $5 or 3%. After that, up to 5% 
Late Payment Fee Up to $37
Foreign Transaction Fee 3% of each transaction converted to U.S. dollars
This card has no annual fee, sign-up bonus, rewards, or recommended credit score

Pros & Cons of Wells Fargo Platinum Card

What We Like

  • No annual fee

  • 0% APR for 18 months

  • 0% balance APR for 18 months

What We Don't Like

  • No points

  • No rewards

Wells Fargo Platinum Card Sign-up Bonus

The Wells Fargo Platinum card does not offer a sign-up bonus.

Earning Points & Rewards

The Wells Fargo Platinum card does not offer any points or rewards.

The main reason to get this card is the 0% APR and balance transfer APR for 18 months, an unusually only period. This can help you get a jump on paying down old debt.

Wells Fargo Platinum Card's Additional Features

  • Auto rental collision damage waiver
  • Roadside dispatch
  • Travel accident insurance
  • Travel and emergency assistance services

Wells Fargo Platinum Card Additional Fees

Returned Payment Fee Up to $37
Cash Advance APR 26.24%-28.24%, based on your creditworthiness
Cash Advance Fee Either $10 or 5% of the amount of each advance
This card has not penalty APR or overlimit fee

Is This Card Right For You?

The Wells Fargo Platinum Card starts off being a great credit card with its 18-month 0% introductory APR on balance transfers and purchases. Balance transferred during the introductory period are only charged a 3% balance transfer fee (or $5 whichever is greater) as opposed to 5% after the promotion. However, after the introductory period ends, so do any significant perks of the card. There's no annual fee, which is always a plus. To its credit, the Wells Fargo Platinum Card does have one of the longest promotional periods of any credit card on the market. If you qualify, get a points card. If not, this is a decent one to build your credit with.

Next Steps

Visit the Wells Fargo website to apply for a card.

Credit card terms and signup bonuses are subject to change from the time of this review.