Are you looking to buy some time to clear off your balances? Wells Fargo Platinum Visa credit card can help you reach your goals. This credit card offers an 18-month period with 0% interest, only after the end of the introductory period does the variable APR rates begin to apply. The APR is based on individual creditworthiness.
The introductory offer is applicable only on purchases and balance transfers. The cash advance and overdraft protection have different APR rates.
The balance transfers made using this card are charged an introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5.
The balance transfer request should be made within 120 days of account opening to be considered eligible for the introductory APR.
Wells Fargo Platinum Visa in comparison to other prospective cards.
Wells Fargo Platinum card does not have an annual fee and is beneficial to anyone who is planning to pay down all the balance within the introductory period.You get an additional three months for making payments on this card in comparison to a Chase Freedom Unlimited or Quicksilver Cash Rewards Card..
Quicksilver gives you 15 months of 0% interest on balance transfers, and a 3% fee is charged on the amounts transferred within the first 15 months. The APR applicable at the end of the introductory APR may range between 16.24% – 26.24% depending on your creditworthiness.
Freedom unlimited gives a 0% intro APR for 15 months, from account opening on purchases and balance transfers. After which variable APR, 17.24%–25.99% will be applicable. Freedom Unlimited has a balance transfer fee which is 3% of the amount transferred with a minimum of $5.
Wells Fargo Platinum functions in a way that its primary focus is purchase & balance transfer transactions.You do not receive any signup bonus or rewards for using this card elsewhere.
If you’re looking to earn rewards in the long run for using a credit card and would like to be eligible to get a welcome bonus on joining then Chase Freedom Unlimited or Quicksilver Cash Rewards are better cards for daily usage.
As an existing Wells Fargo account holder if would like a card within the Wells Fargo family which provides rewards and joining bonus then you can consider Wells Fargo Cash Wise Visa card. The Wells Fargo Cash Wise card is however not recommended for purchases and balance transfers.
Explore the perks available to Wells Fargo Platinum Visa card users.
Cell Phone Insurance: If you pay your monthly bills using this card, then you could be eligible for cell phone coverage against damage or theft up to the amount of $600 per claim or $1,200 per 12 month period. This offer is also available to other Wells Fargo consumer credit card users.
There is $25 deductible applicable to the coverage. There are a few scenarios where the coverage may not be offered to know more about them, click on the link.
Overdraft Protection:You can protect a few transactions from being declined or returned by using the overdraft protection feature. To enroll for this benefit, you must link your Wells Fargo credit card to your Wells Fargo checking account. There is a single overdraft protection advance fee which is charged to your account. Click here to know more details regarding overdraft protection features terms and conditions.
Roadside Assistance Hotline Service: This card offers 24/7 roadside assistance service wherein you can call and schedule a towing in case your car breaks down or a jump-start is needed, however the cost of the service is charged to your card.
Zero Liability Protection: You are protected against unauthorized charges that are made using your card.
Travel and Emergency Service: Travel and emergency service includes benefits such as Emergency Ticket Replacement, Medical Referral Assistance , Legal Referral Assistance, Emergency Transportation Assistance, and Pre-trip Assistance.You can call 1-800-992-6029 to avail these benefits/The travel and emergency assistance will provide you with referrals but the cardholder has to cover the cost associated with these benefits.
Travel Accident Insurance: The card offers travel accident insurance up to the amount of $150,000.00 against unforeseeable events.
A good credit score is required to be approved for this credit card.