What is a platinum card Wells Fargo?

Asked by: Dr. Gwendolyn Wilderman V  |  Last update: April 13, 2023
Score: 4.2/5 (42 votes)

The Wells Fargo Platinum card is best for those looking for a basic card with no annual fee that gives you an extended interest-free period on balance transfers and purchases. You'll be able to pay down high-interest credit card debt or finance a big purchase without paying interest fees for 18 months.

What is Platinum Debit Card Wells Fargo?

The Wells Fargo Platinum card* is a straightforward, no-frills credit card that also offers 0% interest on purchases and qualifying balance transfers for 18 months from account opening (16.49% – 24.49% variable APR thereafter).

Is Wells Fargo Platinum card a good card?

The Wells Fargo Platinum credit card is a very good credit card for people with good credit or better who want a long-lasting 0% introductory APR and a $0 annual fee. Wells Fargo Platinum offers 0% for 18 months on new purchases and 0% for 18 months on qualifying balance transfers – both months longer than average.

How do I qualify for a Wells Fargo Platinum card?

You'll need good to excellent credit to qualify for the Wells Fargo Platinum card. This is usually defined as a credit score of 690 or better. Issuers also take into account your income, debts and other information.

What is the Wells Fargo Platinum card limit?

The Wells Fargo Platinum credit card limit was at least $1,000. However, the Wells Fargo Platinum is no longer available for new applicants, unfortunately. If you already have a Wells Fargo Platinum, you can ask for a credit limit increase by calling customer service at (800) 642-4720.

Is the Wells Fargo Platinum card worth it? | Wells Fargo Platinum 2022 | Wells Fargo Credit Card

41 related questions found

What does Platinum debit card mean?

A Platinum card is a credit card which, as its name suggests, is a card with more prestige and benefits than a gold or regular credit card. Credit cards follow the same logic as the valuing of precious metals!

Can I upgrade my Wells Fargo Platinum Card?

Yes, you can upgrade your Wells Fargo Platinum card to a better offer as long as you've had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied.

What is the difference between a Wells Fargo gold and Platinum debit card?

Platinum cards give higher minimum credit limits than gold cards, which can be a bonus if you spend a lot on credit and can responsibly manage your credit card payments. Platinum cards charge higher annual fees than gold cards offered by the same provider.

What are the benefits of a Wells Fargo Platinum debit card?

What benefits does the Wells Fargo Platinum card offer?
  • Rewards rate: This card does not offer rewards.
  • Welcome offer: None.
  • Annual fee: $0.
  • Regular APR: 16.49 percent to 24.49 percent variable APR.
  • Cellphone protection: Up to $600 for repair or replacement of your phone, minus a $25 deductible.

Can I get cash from my Wells Fargo Platinum credit card?

You can get a Wells Fargo Platinum credit card cash advance by using the card and a 4-digit PIN at any ATM with a Visa network logo. If you don't have a PIN or need to reset an existing PIN, call customer service at 1 (800) 642-4720. Or, you can get a cash advance at any Wells Fargo branch.

What credit score do you need for a Wells Fargo card?

Wells Fargo credit card approval odds are best for people who have good credit. Therefore, all Wells Fargo credit cards require a credit score of 700+.

Does Wells Fargo increase credit limit automatically?

Automatic credit limit increases

In some cases, Wells Fargo might automatically increase your credit limit without you having to request one. If you demonstrate a good payment history and are a reliable customer, the issuer will occasionally award you with more credit.

What is higher than Platinum card?

Both titanium and platinum cards charge an annual membership fee for the rewards and benefits they offer. An annual membership fee charged on the titanium card is usually higher than the platinum card.

What is the difference between normal debit card and Platinum debit card?

What is the difference between the Visa Classic and Platinum Debit card? Visa Platinum Debit Card has more benefits as follows: Higher daily purchase and cash withdrawal limits. Purchase Protection up to USD 20,000 per year for 90 days from the date of purchase if it is stolen, broken or damaged.

Is Platinum debit a credit card?

It's just like a standard Debit Mastercard, only better. There are no extra fees or hidden costs — just added benefits. Pay with your own money online, over the phone and in person, anywhere Mastercard is accepted. Tap & go with your Platinum Debit Mastercard, the faster way to pay for purchases under $100.

How often does Wells Fargo increase credit?

How often will Wells Fargo increase your credit limit? Wells Fargo won't increase your credit line before six months of card membership. After that, give it at least six months before you request another credit limit increase.

What is a good credit limit?

A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.

What happens if I go over my credit limit but pay it off?

In most cases, your transaction will simply be declined—but if you're close enough to your credit limit that you have to worry about your next purchase or interest charge pushing you over the top, it's time to think about paying off your credit card debt.

How much money do you need for a Platinum card?

What does your credit score need to be for the Amex Platinum card? While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

Are Platinum cards worth it?

The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.

Can anyone get a Platinum card?

Getting approved for the American Express Platinum is like any new credit card application. You have better chances with a credit score above 700, a clean credit history, and a low debt-to-income ratio. If you think you might have to work on these factors, take the time to improve your credit to enjoy the benefits.

What credit card do billionaires use?

According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695 (See Rates), which is higher than most other credit cards.

Is platinum or Black Card better?

Key Takeaways. The Black Card is an exclusive charge card offered to high-net-worth individuals by invitation only. The Platinum Card is one tier lower. Prospective cardholders may apply online and must meet minimum eligibility requirements.

Who qualifies for a Black Card?

Although Amex doesn't publish requirements for the card—or its perks, for that matter—it typically extends black card invitations only to high earners who have spent and paid off between $350,000 and $500,000 across all of their American Express accounts in a calendar year.

Does it hurt your credit to request an increase?

Requesting a credit limit increase can hurt your score, but only in the short term. If you ask for a higher credit limit, most issuers will do a hard “pull,” or “hard inquiry,” of your credit history. A hard inquiry will temporarily lower your credit score.