Wells Fargo Platinum Visa Card Review

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The Wells Fargo Platinum Visa Card boasts a long introductory interest rate offer that can help consumers pay off debt or spread out big purchase payments. There’s no rewards program, but there are a handful of cardholder perks that make this card even more worthwhile.

Wells Fargo Platinum Card

overall rating
Wells Fargo Platinum Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 16.99% - 26.49% variable
Annual Fee $0
Balance Transfer Fee 5% for each balance transfer, with a minimum of $5.
Intro Balance Transfer Fee Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening.
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit

Top Rated For

  • Best 0% APR Credit Cards

Who is This Credit Card Best For?

  • Avatar for Debt Warrior Persona
    Attacks existing balances while avoiding new debt
    Debt Warrior
  • Avatar for Credit Builder Persona
    Takes improving their finances seriously and wants recognition for using credit responsibly
    Credit Builder

This card is perfect for someone who wants to get rid of high-interest debt by transferring it to this card and take a year and a half to pay it off interest-free. Alternatively, this card could be a great financing tool for large purchases, like appliances or furniture. Just be prepared to pay off your balance transfers or purchases before the long introductory rate offer ends.


  • Long 0% purchase and balance transfer APR offer

  • Several useful cardholder perks


  • Limited time to make interest-free balance transfers

  • Standard APRs may be high

  • No rewards

Pros Explained

  • Long 0% purchase and balance transfer APR offer: Credit card introductory APR offers typically last about a year. It’s also not common for cards to offer no interest on purchases and balance transfers. However, this card offers new cardholders 0% APR on balance transfers and purchases for a whopping 18 months, which makes it one of the best (and longest) deals on available right now. As a result, this is a superb card for cutting costs in more than one way.
  • Several useful cardholder perks: This card is advertised as a low-interest card, not a travel or cash-back card, so it makes sense that there aren’t many benefits attached to it. However, this card still comes with a few practical perks, like cell phone and travel accident insurance. More on this below.

Cons Explained

  • Limited time to make interest-free balance transfers: The 0% balance transfer APR offer only applies to balances transferred within the first 120 (about four months) after opening this card. The balance transfer fee will also rise to 5% from 3% after 120 days, too. This is still a good offer, just make your desired transfers ASAP to get the most value from this deal.
  • Standard APRs may be high: Like all promotional offers, this one won’t last forever. Once 18 months is up, your interest rate will revert to the ongoing interest rates. Depending on your credit, the ongoing APRs for this range from 16.99% to 26.49%, so carrying balances later will cost you.
  • No Rewards: Some cards that tout interest-free balance transfers also let you earn cash back for each dollar you spend, but the Wells Fargo Platinum Visa Card doesn’t have a rewards program of any kind. We think that’s just fine, as this card is intended to help you save on interest costs, not rack up rewards. Just keep this in mind for when the introductory APRs end. If you want rewards later, you’ll need another card. 

Wells Fargo Platinum Visa Card’s Excellent Perks

This card includes a couple of perks that are above and beyond standard card benefits: 

  • Travel accident insurance: This policy will pay you or your beneficiaries up to $150,000 in the event of accidental injury or death while traveling. You must pay for the full passenger fare on a common carrier with your Wells Fargo credit card to qualify for this benefit.
  • Cellphone insurance protection: This card comes with cell phone protection worth up to $600 per claim and up to $1,200 per year, minus a $25 deductible. You need to pay your cell phone bill with your credit card to qualify for this perk, but it can be a lifesaver if your phone is stolen or damaged. 

Wells Fargo Platinum Visa Card’s Other Features

  • Access to budgeting and financial planning tools
  • Travel and emergency assistance services
  • Secondary rental car insurance
  • Roadside assistance

Customer Experience

Wells Fargo has received less than stellar customer service ratings from third party companies. For example, J.D. Power ranked Wells Fargo ninth out of 11 major card issuers in their 2019 Credit Card Satisfaction Study. The issuer scored 783 out of a possible 1,000 points in the survey, below the industry average of 806.

On the upside, Wells Fargo’s mobile app scored 4.5 out of 5 possible stars on Google Play and 4.8 out of 5 stars on iTunes. The app ranked fifth in J.D. Power’s 2019 U.S. Credit Card Mobile App Satisfaction Study, scoring about average, 872 out of 1,000 points.

Another plus? Wells Fargo gives you free access to your FICO score through Wells Fargo Online. 

Security Features

Wells Fargo offers cardholders industry-standard security features, like alerts to help monitor account activity and catch fraud, and two-step verification to keep hackers out of your account. Carrying this card also qualifies you for emergency cash disbursement and speedy card replacement if your credit card is lost or stolen. 

Wells Fargo Platinum Visa Card’s Fees to Watch Out For

In addition to standard penalty fees (which you can easily avoid), there are two main fees to watch for when using this card: A balance transfer fee, which will rise from 3% to 5% ($5 minimum) after the first 120 days, and a 3% foreign transaction fee.

For Wells Fargo Platinum Card
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See how this card stacks up to the competition
Wells Fargo Platinum Card
overall rating
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 16.99% - 26.49% variable
Annual Fee $0
Balance Transfer Fee 5% for each balance transfer, with a minimum of $5.

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.