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.
Here are the Wells Fargo credit card interest rates by card:
Wells Fargo Platinum card: 16.49% - 24.49% Variable APR; intro APR of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers. 3% intro for 120 days, then up to 5% (min $5) balance transfer fee.
Wells Fargo Rewards® Card: 12.49% - 25.49% (V) APR; intro APR of 0% for 15 months on purchases and 0% for 15 months on balance transfers. 3% (min $5) balance transfer fee.
Wells Fargo Cash Wise Visa® card: 14.49% - 24.99% Variable APR; intro APR of 0% for 15 months on purchases and 0% for 15 months on qualifying balance transfers. 3% intro for 120 days, then up to 5% (min $5) balance transfer fee.
Wells Fargo Visa Signature® Card: 12.49% - 25.49% (V) APR; intro APR of 0% for 15 months on purchases and 0% for 15 months on balance transfers. 3% (min $5) balance transfer fee.
Wells Fargo Business Platinum Credit Card: 11.24% - 21.24% (V) APR; intro APR of 0% for 9 months on purchases and 0% for 9 months on balance transfers. Balance transfer fee: Varies — refer to specific offer details.
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.
The best Wells Fargo starter credit card is the Wells Fargo Cash Back College℠ Card because it accepts applicants with limited credit history and reports to the three major credit bureaus on a monthly basis. This Wells Fargo card also has an annual fee of $0, and it rewards cardholders with 1 - 3% cash back on purchases.… read full answer
Your goal with a starter credit card should be to build your credit score as cheaply as possible. The Wells Fargo Cash Back College℠ Card is a good option for doing just that. Just keep in mind that the Wells Fargo Cash Back College℠ Card is a student credit card, so you may not be able to qualify for it if you aren’t a student.
Wells Fargo Starter Credit Cards
Wells Fargo Cash Back College℠ Card
Dillard's Store Card
Bryant Store Card
Kirkland's Credit Card
Wells Fargo has some solid options, but you may want to compare them to other starter credit cards before applying. If nothing else, your first credit card should report to the three main credit bureaus and have a low annual fee.
Wells Fargo credit card requirements are similar to those of other issuers. You'll have to provide standard personal information such as name, address, and date of birth. A Social Security Number (SSN) or an Individual Tax Identification Number (ITIN) is also required. All applicants also need to be at least 18 years old. In terms of credit score requirements, most Wells Fargo credit cards will require … read full answergood credit or better.
Here are the Wells Fargo credit card minimum requirements:
General requirements: You must be at least 18 years old and have a physical U.S. address to be eligible for a Wells Fargo credit card. You will also need to provide your SSN or your ITIN. No minimum income stipulated, but be sure to include any sources of income outside of wages and retirement benefits, if applicable. Documents such as birth certificates, drivers' licenses, and Social Security cards are not required, but in some instances, you may be asked to provide copies in order to verify your personal information.
It's also worth noting that you may not be eligible for introductory APR's, fees and/or bonus rewards offers if you opened another Wells Fargo credit card within 15 months of your application.
If you want the best Wells Fargo credit card approval odds, make sure to pay your bills on time and try to keep your credit utilization around 30%. And bear in mind that an application will trigger a hard inquiry which may temporarily cause a dip in your credit score. So make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.
The standard Wells Fargo cash advance fee is $10 or 5% of the cash advance amount, whichever is greater. Wells Fargo’s cash advance APR is currently between 23.99% and 25.99%. The exact rate depends on your overall creditworthiness at the time you’re approved for an account. But those terms are the same for all Wells Fargo credit cards.… read full answer
Given the high costs, you should avoid cash advances. But it’s still worth knowing how to perform such a transaction and how much it will cost should you need to get one in an emergency. And the first step in being able to do a Wells Fargo cash advance is requesting a PIN from customer service.
To get a Wells Fargo cash advance PIN, call customer service at (800) 642-4720. After that, you’ll be able to take out up to $500 in cash per day from your line of credit, up to your cash advance limit.
If you have a Wells Fargo checking account, you can link it to your credit card as overdraft protection. If your bank account balance dips below zero, you’ll get a cash advance from your credit card to cover transactions. But this isn’t a great option. You’ll pay a $12.50 fee for advances under $50, and $20 for anything above. Plus, the same high cash advance APR applies right away.
At the end of the day, a Wells Fargo cash advance costs too much in fees and interest to be a good option for convenient cash. But if you do one, make sure to repay your balance as soon as possible. Unlike purchases, cash advances do not come with any grace period. Interest starts accruing as soon as you make a withdrawal, so repaying your advance as soon as possible will save you money.
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