The Wells Fargo Platinum credit card benefits are quite good, with offers including an introductory purchase APR of 0% for 18 months, matched by an introductory 0% APR for 18 months on qualifying balance transfers – subject to a balance transfer fee of 3% intro for 120 days, then up to 5% (min $5). These are some of the longest introductory periods on the market. You also benefit from rental car insurance, travel accident insurance, roadside assistance and several other perks. And there’s a $0 annual fee.
So it’s fair to say the Wells Fargo Platinum card benefits are pretty good. And it probably won’t come as a surprise that you need good credit or better to have a chance of getting approved.
Here are the best Wells Fargo Platinum credit card benefits:
0% for 18 months on purchases. Regular APR of 16.49% to 24.49% Variable after the introductory period, depending on creditworthiness.
0% for 18 months on qualifying balance transfers. Regular APR of 16.49% to 24.49% Variable after the introductory period, depending on creditworthiness. Balance transfer fee of 3% intro for 120 days, then up to 5% (min $5).
Cell phone coverage. Covers theft and damage to your cell phone up to a preset amount per claim and two claims per 12-month period. Must pay phone bill with card to be eligible. Coverage does not include simply losing your phone.
Travel and emergency assistance. When traveling away from home, you can call your Benefit Administrator to be connected to the appropriate local and emergency and assistance resources available. Whether it be medical referrals, legal ones, or travel assistance, the Benefit Administrator line is open for assistance 24/7, 365 days a year.
Auto Rental Collision Damage Waiver. Covers damages caused by theft and collision, up to the actual cash value of an eligible rental vehicle. Must pay for entire rental with card and decline the rental company’s insurance.
Travel accident insurance: Covers you and family members up to a preset amount for severe injury or death while in transit with a licensed travel provider. Entire cost of passenger fare(s) must be charged to your card.
Roadside dispatch. 24/7 emergency services such as towing (up to 5 miles included), changing flat tires, jump starting, lockout service or fuel delivery (up to 5 gallons, plus the cost of fuel). Standard service call fee applicable to every call. Customer liable for towing distances more than 5 miles.
The credit score needed for a Wells Fargo Platinum card is 700+; this means applicants need at least good credit for approval.
Some users have reported getting approved for the card with credit scores below 700, but applicants with lower scores would be better off improving their credit profile before applying for the card. Wells Fargo Platinum’s credit score requirements are in line with other Wells Fargo cards, such as the … read full answerWells Fargo Cash Wise Visa® card.
In addition to a good or higher credit score, you will need proof of a steady income to get approved for Wells Fargo Platinum. Other criteria that Wells Fargo will consider include your credit history, monthly housing payment, total amount of debt and number of open credit accounts.
Wells Fargo credit card travel insurance is a benefit that pays up to $150,000 for any covered loss related to an accident involving a licensed Common Carrier. This is defined any motorized vehicle or mode of transportation that transports passengers for hire.
You must purchase the passenger fare with your Wells Fargo consumer credit card while the insurance is effective to be eligible. The benefit is effective the date you become a Wells Fargo credit cardholder. … read full answer
The Wells Fargo travel insurance covers the cardholder, spouse, and dependent children. Any covered Loss must occur within one year after the accident in order to receive payment.
Covered losses include: accidental loss of life, speech, hearing, sight, and appendages, and more. Benefit payment ranges from 25% to 100%, depending on the severity of the loss.
Losses are not covered for: emotional trauma, mental or physical illness, and illegal acts. Also not included are driving while intoxicated, being under the influence of narcotics, motorized vehicle racing, suicide or attempted suicides, and other incidents.
Refer to your Guide to Benefits for the complete list of covered and non-covered incidents.
To file a claim, contact the Claim Administrator at 1 (855) 830-3722 within 20 days of any covered loss and request a claim form.
Complete all items on the required claim form, attach all appropriate documents, and mail to Broadspire, a Crawford company, P.O. Box 792190, San Antonio, TX 78279. Reference policy # 9906-98-50.
Claims documents may also be submitted via Myclaimsagent.com or faxed to 1 (855) 830-3728.
You or your beneficiary should receive payment within 30 days after complete proof of loss is received, and all other terms of the policy have been completed.
No, Wells Fargo Platinum does not offer rewards. But that does not mean it’s a bad card. It’s just not what this card was built for. Wells Fargo Platinum is all about 0% financing and $0 annual fees.
No rewards is actually common for a 0% credit card such as Wells Fargo Platinum, and a low rate will save you a lot more than rewards if you plan to carry a balance from month to month. That’s especially true if you can pay off your balance within a year and a half because Wells Fargo Platinum offers an intro APR of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers. That’s an uncommonly long time, which perhaps explains why it requires good credit for approval.… read full answer
Even though Wells Fargo Platinum does not offer rewards, it does have some other helpful benefits. For example, it comes with rental car insurance, roadside dispatch assistance and travel accident insurance. And you also get stuff like coverage for cell phone damage or theft.
I'd say financing on purchases and balance transfers for 18 months and low APR from 13.49% based on your creditworthiness.
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