Evelyn Boros, Credit Cards Moderator
@evelyn_boros
The Wells Fargo Platinum card interest rate is 16.49% - 24.49% Variable, with the actual rate depending on factors such as your income, credit history and existing debt. The Wells Fargo Platinum card interest rate is variable, meaning it can change based on certain economic conditions.
Here’s more info about the Wells Fargo Platinum card interest rate:
- Regular interest rate: The card’s interest rate is 16.49% - 24.49% Variable, depending on your credit worthiness.
- Introductory offer: The Wells Fargo Platinum card used to offer new cardholders an introductory interest rate of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers on qualifying balance transfers. After the card’s intro rate expires, the regular interest rate applies to any remaining balance.
- Grace period: The Wells Fargo Platinum gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe.
Should you decide to carry a balance on your Wells Fargo Platinum card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
In addition to the regular interest rate, Wells Fargo Platinum also charges a separate interest rate on cash advances and a penalty rate for late payments. All Wells Fargo Platinum card interest rates will be listed on your statement and on your online account summary.
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