Platinum Card from Wells Fargo Review

Wells Fargo Platinum Credit Card Review

In this article, we’ll review the Wells Fargo Platinum credit card.

The Platinum Credit Card from Wells Fargo offers 0% APR for 18 months on balance transfers and purchases, making it an ideal card for paying down balances and big-ticket purchases over time. You can also take control of your finances with extra perks like the My Money Map and the overdraft protection. If you are maintaining a good credit history, this card can be your partner, allowing you to have quick access to your FICO® Credit Score. And there’s no annual fee to worry about.

Rewards System in a nutshell

Credit card rewards seekers may not find the Wells Fargo Platinum credit card too exciting due to the absence of cashback rewards. But it is packed with value-added features for paying down credit card debt. Plus, there are other benefits during travels through the travel and emergency assistance services.

Who can benefit from getting the Wells Fargo Platinum Credit Card?

Regular credit card users who are burdened with a huge debt from another credit card company will greatly appreciate the card features that allow them to properly manage their finances and do away with exorbitant interest charges on card balances. The 0% APR for 18 months on balance transfers is already a tempting offer.

In order to benefit from this perk, you need to make a balance transfer within the first 120 days from account opening.

Plus, the 0% intro APR for 18 months on purchases provides excellent opportunities to score an interest-free loan to fund new purchases for a year and a half after account opening at no extra cost.

The Platinum Visa card from Wells Fargo is also a great card for paying cellular phone bills. If you regularly pay your mobile phone bills using this card, you’ll enjoy reimbursement on the cost of repair or full replacement with a benefit limit of $600 in the event of theft or damage. Although, lost phones are not covered. And this only applies to postpaid bills payment.

Are there any other benefits?

To compensate for the absence of rewards, the Wells Fargo Platinum Visa card is packed with exciting features for cardholders. Some of them are as follows:

• Auto rental collision damage waiver – get reimbursement up to the actual value of most rented cars in case of collision damage or theft for a rental period of up to 15 consecutive days within the country of residence, or not to exceed 31 consecutive days outside of the country.
• Travel and emergency assistance services – enjoy numerous travel and emergency assistance services, such as medical referral assistance, lost luggage locator service, emergency ticket replacement, emergency transport assistance, legal referral assistance, and more.
• Roadside dispatch – travel with security and convenience with the pay-per-use roadside dispatch. Just call 1-800-847-2869.
• Travel accident insurance – Enjoy up to $150,000 insurance coverage with the worldwide automatic common carrier travel accident insurance.
• Zero Liability protection – if your card is compromised and there are unauthorized transactions, you are free from liability under the zero liability protection agreement.
• Emergency card replacement - in the event of a lost, damaged, or stolen credit card, just call 1-800-847-2911, and a Visa Global Customer Care Services associate is always ready to help you with a card replacement.
• My Money Map. Easily track your budget, spending, and savings in one place with the My Money Map tool that helps you make smart money decisions.
• 24/7 customer service – For assistance, just call 1-800-TO-WELLS (1-800-869-3557), available 24 hours a day, 7 days a week. But if you want to request a credit limit increase, use the number 1-800-642-4720.

Conclusion

The Platinum Visa credit card from Wells Fargo has a market on its own. It may not offer rewards where you can make money or enjoy discounts from your purchases, but the chance to pay off a debt at zero interest for 18 months is a standout for those struggling with a credit card balance. You will also enjoy the same interest-free deal on new purchases for the first 18 months.

While the high regular APR period doesn’t add to its benefits, you can still get a competitive rate if you are assessed as creditworthy, and you can nurture a good credit with this card. Overall, the Wells Fargo Platinum is a great card for personal use, especially for those who maintain a checking account. It provides an extra layer of protection against overdraft charges.