What is the Wells Fargo Platinum credit card interest rate?

The Wells Fargo credit card interest rate depends on which card you get. The Wells Fargo Platinum card is one of the best financing options as it offers an introductory purchase APR of 0% for 18 months. After that, your remaining balance will accrue interest at a regular APR of 16.49% - 24.49% Variable, based on creditworthiness.… read full answer

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.

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 Active Cash® Card: 16.49% - 26.49% Variable APR; intro APR of 0% for 15 months from account opening on purchases and 0% for 15 months from account opening on qualifying balance transfers. 3% intro for 120 days, then up to 5% (min $5) balance transfer fee.
• Hotels.com® Rewards Visa® Credit Card: 16.49% - 24.49% Variable APR. 5% (min $5) balance transfer fee.
• Wells Fargo Business Elite Signature Card: 8.74% (V) APR.
• Wells Fargo Business Platinum Credit Card: 12.74% - 22.74% (V) APR; intro APR of 0% for 9 months on purchases and 0% for 9 months on balance transfers. Balance transfer fee: 4% (min $10).
• Wells Fargo Business Secured Credit Card: 16.65% (V) APR.

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 Wells Fargo Platinum credit card limit was at least $1,000. However, the Wells Fargo Platinum is no longer available for new applicants, unfortunately.

If you already have a Wells Fargo Platinum, you can ask for a credit limit increase by calling customer service at (800) 642-4720. Your odds of approval are highest if you pay your monthly bills on time and keep your … read full answercredit utilization low. Wells Fargo may also grant automatic credit line increases to select eligible customers, but there is no way of knowing for sure whether you’ll be among them.

Alternatively, if you want to get another Wells Fargo credit card, you can ask customer service to shift some of your existing credit to the new card. You can’t move your entire credit line, though, just an amount above the original account’s minimum credit limit.

The Wells Fargo Platinum card credit score requirement is 700 or better. That means you need good credit or better to have a shot at getting approved for the Wells Fargo Platinum Card.

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Wells Fargo Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Wells Fargo Platinum credit score requirement. You can check your credit score for free on WalletHub.