Your Wells Fargo Platinum Credit Card limit will be at least $1,000. That’s Platinum’s minimum spending limit, per the card’s terms and conditions, which means it’s all you’re guaranteed to get if approved for an account. Sure, you might receive a much higher Wells Fargo Platinum Card limit, depending on your income, debt and credit history. But you can’t count on having more than $1,000 to work with for a big-ticket purchase or balance transfers.
With that being said, you may have a tough time finding a 0% credit card with a higher minimum limit than Wells Fargo Platinum. For example, the BankAmericard® Credit Card has a minimum limit of $300.
Here’s the scoop on Wells Fargo Platinum Credit Card limits:
Credit limits start at $1,000: The more income you have, at least compared to your current debt obligations, the higher you can expect your credit limit to be.
You can ask for an increase: You’ll be eligible once your account has been open for a year. And your odds of approval are highest if you pay your monthly bills on time and keep your credit utilization low. To request a higher Wells Fargo credit card limit, call 1-800-642-4720.
You can move your credit around: If you already have a Wells Fargo credit card and want to open another one, you can ask customer service (1-800-642-4720) 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.
For example, the Wells Fargo Propel Card has a minimum credit limit of $1,000. If you have a Propel Card with a $2,000 limit, you could shift $1,000 in credit to a new Wells Fargo Platinum Card.
So to recap, your Wells Fargo credit card limit will be $1,000+, and you could get an increase after a year of good behavior. That’s as much as you’ll know going in.