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Wells Fargo Platinum Visa® Credit Card Review

Isabelle Lee
Note: Some offer details in this article have expired and the offer is no longer available through Credit Cards House .

Wells Fargo Platinum Visa<sup>®</sup> Credit Card

Depending on your current financial situation, a rewards credit card isn’t always your best choice. If you want to use a balance transfer to pay down debt, or if you are just looking to maintain your credit with a card that has a relatively low regular APR, a card like the Wells Fargo Platinum Visa® Credit Card can be a good choice.

This is a no-frills credit card that offers a competitive 0% APR introductory offer and comes with an array of tools from Wells Fargo to help you manage your money.

Wells Fargo Platinum Visa® Credit Card

The biggest feature of the Wells Fargo Platinum Visa® Credit Card is that it offers a 0% APR on purchases and balance transfers for 15 months. That’s an attractive offer that can allow you to move balances from another card and pay them down without the worry of paying interest. Just have a plan to pay it off within 15 months so you aren’t stuck paying interest on it. After the introductory period, a variable APR will apply.

With this card, there is an introductory balance transfer fee of $5 or 3%, depending on which is greater. This applies to any balance transfer made in the first 15 months. After that, the balance transfer fee rises to $10 or 5% of the amount transferred. In order to decide if this offer is worth it, you need to figure out if your interest savings with the balance transfer will offset the fee.

The Wells Fargo My Money Map provides you with an opportunity to track your spending and build a budget. If you are struggling with debt, the balance transfer plus the budgeting tools can help you get your money habits back on track. You can also link your credit card to your checking account to avoid overdrafts.

  • No annual fee
  • Access to Wells Fargo My Money Map
  • Link your credit card to your checking account to avoid overdrafts
  • Cell phone insurance when you pay your bill with the Wells Fargo Platinum Visa® Credit Card
  • APR: 0% for the first 15 months, then a variable

Card Benefits

A nice benefit to the Wells Fargo Platinum Visa® Credit Card is the cell phone insurance. If you pay your monthly bill using the Wells Fargo card, you receive up to $600 of protection on up to four phones. There is a $25 deductible, but this is still a nice free benefit, especially if you have teenagers and you are concerned about the way they treat their cell phones.

There is no annual fee with this credit card, and it comes with special tools to help you manage your money, as well as the benefits that come with being a Visa card holder.


The biggest drawback to the Wells Fargo Platinum Visa® Credit Card is that it doesn’t offer rewards. If you are looking for a rewards credit card, there are other cards to consider from Wells Fargo, including the Wells Fargo Cash Wise Visa® Credit Card and the Wells Fargo Propel American Express® Credit Card.

Another drawback is the fact that you still have to pay a balance transfer fee when you move a high-rate balance to the card. It’s a smaller fee during the introductory period, but it’s still a fee. You need to run the numbers and make sure your savings will more than make up for the fee before you transfer.

Bottom Line

If you are looking for a basic, no-frills credit card, the Wells Fargo Platinum Visa® Credit Card can be a good choice. And if you want to maintain your good credit standing by making a few purchases a month and paying them off, this can be a good card. It’s also a good choice if you are trying to pay off high-interest balances. There is a long introductory period so you have time to pay it off before you owe interest.

First published , last updated



Isabelle Lee

Miranda is a financial journalist and expert. Her work has appeared in numerous publications and she has contributed to NPR and appeared on other radio shows and TV. Miranda writes about money at

Learn more about Isabelle Lee

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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