Joyce Brown, CPA
@blackhole1
The Wells Fargo credit card interest rate depends on which card you get.
The lowest Wells Fargo credit card interest rate is on the Wells Fargo Business Elite Signature Card®: 7.24% (V). The Wells Fargo Cash Back College℠ Card has the lowest regular APR for a personal card: 11.15% - 21.15% (V).
All Wells Fargo credit card interest rates are variable, meaning they change with the market. And most are expressed as a range. The better your credit is, the better your chances of getting a lower interest rate. Keep in mind that you’ll need good or excellent credit to be approved for most Wells Fargo credit cards.
Some Wells Fargo cards also have 0% introductory interest rates on purchases and balance transfers for a certain number of months. After any such 0% rates end, you’ll owe interest on the remaining balance at the regular APR.
Wells Fargo credit card interest rates by card:
- Wells Fargo Platinum card: 16.49% - 24.49% Variable APR; 0% on purchases and balance transfers for 18 months. 3% intro for 120 days, then 5% balance transfer fee.
- Wells Fargo Rewards® Card: 12.49% - 25.49% (V) APR; 0% on purchases and balance transfers for 15 months. 3% (min $5) balance transfer fee.
- Wells Fargo Propel American Express® card: 14.49% - 24.99% Variable APR; 0% on purchases and balance transfers for 12 months. 3% intro for 120 days, then 5% balance transfer fee.
- Wells Fargo Cash Wise Visa® card: 14.49% - 24.99% Variable APR; 0% on purchases and balance transfers for 15 months. 3% intro for 120 days, then 5% balance transfer fee.
- Wells Fargo Visa Signature® Card: 12.49% - 25.49% (V) APR; 0% on purchases and balance transfers for 15 months. 3% (min $5) balance transfer fee.
- Hotels.com® Credit Card: 14.99% - 22.99% (V) APR. 5% (min $5) balance transfer fee.
- Wells Fargo Cash Back College℠ Card: 11.15% - 21.15% (V) APR; 0% on purchases and balance transfers for 6 months. 3% (min $5) balance transfer fee.
- Wells Fargo Business Elite Signature Card®: 7.24% (V) APR.
- Wells Fargo Business Platinum Credit Card: 11.24% - 21.24% (V) APR; 0% on purchases and balance transfers for 9 months. Balance transfer fee: Varies — refer to specific offer details.
- Wells Fargo Business Secured Credit Card: 15.15% (V) APR.
You always want to have the lowest interest rate possible, but that’s also assuming you’ll need to be paying interest. If you commit to paying off your card every month and not spending above your means, it won’t matter what the interest rate is. And then, when you know you have a large purchase coming up that will take time to pay off, you can get a card with a 0% APR. Just make sure you pay off the balance before the 0% APR period ends.
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