The Wells Fargo credit card interest rate depends on which card you get.
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. 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 Visa: 16.99% - 26.49% Variable; 0% on purchases and balance transfers for 18 months (3% transfer fee)
- Wells Fargo Rewards Card: 17.99% - 26.99% (V); 0% on purchases and balance transfers for 15 months (3% transfer fee)
- Wells Fargo Propel American Express: 15.49% - 27.49% Variable; 0% on purchases and balance transfers for 12 months (3% transfer fee)
- Wells Fargo Cash Wise Visa: 15.49% - 27.49% Variable; 0% on purchases and balance transfers for 12 months (3% transfer fee)
- Wells Fargo Business Elite: 8.74% (V)
- Wells Fargo Business Platinum: 12.74% - 22.74% (V)
- Wells Fargo Secured Card: 20.49% (V)
- Wells Fargo Business Secured: 16.65% (V)
You’ll need excellent credit to be approved for most Wells Fargo credit cards. If you don’t meet that requirement, your options are one of their secured cards. The Wells Fargo secured cards require a security deposit, which then determines your credit limit. And everyone who gets a secured card has the same interest rate.
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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