Advertiser Disclosure
Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
Elizabeth is a personal finance writer specializing in credit cards, debt repayment, and small business. Her work has appeared on The Motley Fool, MSN Money, Yahoo! Finance, and Business Insider. She’s an avid credit card points collector and perpetual traveler currently living in Costa Rica.
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page.
Offer status
The Wells Fargo Platinum card is no longer available for new applicants and card details may be out of date.
The Wells Fargo Platinum card is a solid 0% intro APR credit card that will help you reshape your finances without paying excessive fees. It doesn’t come with a long list of perks and rewards, but the benefits it does come with are highly useful if you're wanting to pay off debt faster or finance a big upcoming purchase without paying interest. Find out if this credit card is right for you with our in-depth Wells Fargo Platinum card review.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Credit Score:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Poor
Fair
Good
Excellent
300-579
580-669
670-739
740-850
Credit Score
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Good/Excellent (670-850)
Intro APR
0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Balance transfers made within 120 days qualify for the intro rate and fee.
Purchases: 0% 18 months
Balance Transfers: 0%, 18 months on qualifying balance transfers
Regular APR
16.49%-24.49% (Variable)
Rewards
N/A
Annual Fee
$0
Welcome Offer
N/A
A clear standout card in its category with a long 0% intro APR for 18 months from account opening on both qualifying balance transfers and purchases, no annual fee, and a FICO® Score for free.
Long 0% intro APR offer
No annual fee
FICO® Score for free
Mobile phone protection
No rewards
Balance transfer fee
0% intro APR for 18 months from account opening on purchases and qualifying balance transfers, then a 16.49% to 24.49% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
$0 Annual Fee
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
Easy access to your FICO® Credit Score with Wells Fargo Online®
Monitor your spending, purchases and any suspicious activity with text and email alerts and notifications
Convenient tools to help create a budget and manage your spending with My Money Map
Select "Apply Now" to learn more about the product features, terms and conditions
The Wells Fargo Platinum Card is no longer available for new applicants and card details may be out of date.
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash back on rotating categories
Discover will match all the cash back you’ve earned at the end of your first year.
1% - 5% Cashback
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Intro:
Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Regular:18.49% - 27.49% Variable APR *Rates as of December 12, 2024.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for cash rewards on everyday spending
$200 cash rewards
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
2% cash rewards
Earn unlimited 2% cash rewards on purchases.
Intro:
0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 12 months from account opening
Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Best for unlimited rewards on purchases
25,000 points
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
1.5 points per dollar
Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open.
Intro:
0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.
Purchases: 0% Intro APR for 15 billing cycles for purchases
Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
This credit card is a good fit for: Consumers who need plenty of time to work on paying off expenses or credit card debt with a 0% intro APR offer.
Top perks
0% intro APR for qualifying balance transfers
The Wells Fargo Platinum card comes with a 0% intro APR for 18 months after account opening, which is one of the longest we've seen. Transfers must be made within 120 days of account opening to qualify.
0% intro APR for purchases
The 0% intro APR for purchases is equally impressive at 18 months from account opening and adds interest-free versatility.
No annual fee
This card has no annual fee, which is a must if you’re already trying to pay off credit card debt and want to find the best credit card.
FICO® Score for free
Another important feature for folks who are in debt is credit score tracking. The Wells Fargo Platinum card comes with free online access to your FICO® Score at any time as well as the Wells Fargo “My Money Map,” which provides you with tools to easily create a budget and manage your spending.
Cellphone protection
This feature is unique to Wells Fargo. As long as you sign up to pay your cellphone bill with your Wells Fargo Platinum card, your cellphone is insured. If it’s damaged or stolen, you’ll receive up to $600 in protection with a $25 deductible.
What could be improved
Balance transfer fee
The intro balance transfer fee on the Wells Fargo Platinum card is 3% ($5 min.) for transfers made with 120 days from account opening. The fee afterwards is up to 5% ($5 min.). While the intro fee is competitive, it is a fee nonetheless.
Rewards
You'll get plenty of use from the Wells Fargo Platinum card if you need to do a balance transfer, but you won't get many extras. The card comes with no rewards program.
Find the best credit card for your needs
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
Aim for a good credit score (700 and higher), although applications with a credit score of 670 or above may also be approved. Wells Fargo tends to favor people who have already built a relationship with them.
You can pay off the balance you plan to transfer in 18 months or fewer
You want to finance a new purchase with a 0% intro APR card and can pay off the balance in 18 months or fewer
The Wells Fargo Platinum card is one of the best options for a 0% intro APR credit card. If you’re currently paying off debt that you know you could tackle in 18 months, you should get the Wells Fargo Platinum card to avoid paying interest on that debt. The money you save on interest will almost always offset the balance transfer fee, unless you already have an incredibly low APR.
If you have too much debt to pay off in the next 18 months, you might want to consider other options. You could always transfer a portion of your balance to the Wells Fargo Platinum card. Then, you can try to negotiate a lower interest rate for your remaining balance or look into low-interest credit cards and debt consolidation loans.
The Wells Fargo Platinum card also offers a 0% intro APR on purchases also for 18 months, making it a good option for people looking to finance a new purchase without paying interest. However, you should only consider this option if you’re certain you can pay off the balance in time, otherwise you’ll end up paying far more money in interest than you saved. Generally, it’s better to save up money for these kinds of purchases than to put them on a credit card.
Our credit card methodology
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
Share This Page
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Citigroup is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Elizabeth Aldrich has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.
The Motley Fool owns shares of and recommends Visa.
Motley Fool Money is a Motley Fool service that rates and reviews essential products for your everyday money matters.
