What can you expect from the Wells Fargo Platinum Visa (learn more)? The Simple Flying Wells Fargo Platinum Visa review gives you everything you need to know about this card’s perks, drawbacks and earning potential.
With this card, you can expect…
- 0 percent APR for 18 months
- No annual fee
- Free FICO Score
- Cell phone protection
- 13.74–27.24 percent regular variable APR
- 3 percent foreign transaction fee
- 3–5 percent balance transfer fee
- Access to budgeting tools like Wells Fargo’s My Money Map
This card comes with no sign-up or welcome bonus, unfortunately.
Additionally, this card comes with no rewards earning scheme. There are no points and no cash back. If you want to get the most value from a credit card through benefits such as these, you’ll want to look elsewhere.
Card Benefits and Perks
So, then, you ask, what exactly is the Wells Fargo Platinum Visa (read more) good for? This card is well suited to those that are looking to get their finances in order, before they actually go into reaping the rewards of smart financial decisions and balancing multiple credit cards to get the most for their spending.
You get the 0 percent introductory APR for 18 months, which is a pretty long period as compared to other cards, giving you the chance to pay off some debt or make a purchase without worrying about the interest.
You can access your FICO Score at any time, which is handy if you’re really trying to work at getting a higher credit score (do note you must already have a credit score of 680 or higher to likely be approved for the card). Likewise, the card comes with the My Money Map online tool, which helps you to better budget and manage your spending.
Like other Wells Fargo cards, this one does come with cell phone protection. When you pay your cell phone bill with your card, you receive insurance to cover damage or theft, up to $600 in protection after a $25 deductible.
Obviously the Wells Fargo Platinum Visa (read more) does well with those who need a solid card to help them get out of some debt or take on some new interest-free debt.
However, with no rewards program and no benefits to earn, there’s really little sense in keeping it around longer than you need it, for just the above. You’ll want to conduct a balance transfer as soon as possible after your cardholder account opens, to take advantage of this feature, which is quite likely the only good one the card offers.