Does the Wells Fargo Platinum credit card offer cash back?

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.

The best Wells Fargo cash back credit card is the Wells Fargo Cash Wise Visa® card because it has an initial bonus of $150 Cash Rewards for spending $500 in the first 3 months. It also offers 1.5 - 1.8% cash back on all purchases and has a $0 annual fee. It even gives 0% for 6 months intro APR on purchases and 0% for 6 months on balance transfers to new cardholders. These features make Wells Fargo Cash Wise an attractive card all-around.… read full answer

The only other Wells Fargo cash back credit card is the Wells Fargo Cash Back College℠ Card, which offers 3% cash back on up to $2,500 spent on gas, grocery and drugstore purchases during the first 6 months. It gives 1% cash back on everything else and has $0 annual fee. It also offers an intro APR of 0% for 6 months on purchases and 0% for 6 months on balance transfers. The rest of Wells Fargo’s rewards credit cards give you points.

Cash back rewards do not expire as long as your account stays open. That’s the good news. The bad news is there aren’t any card options for people with fair, bad or limited credit, other than the Wells Fargo Cash Back College℠ Card. This card is available to students with limited history.

If you’re in one of those groups, you may want to try cards from other issuers. The Capital One QuicksilverOne Cash Rewards Credit Card gives 1.5% cash back and you can get it even with limited history. And the Discover it® Secured Credit Card card allows people with bad credit to earn up to 2%.