Wells Fargo is one of the largest banks in the world, with thousands of locations in 42 countries. The financial services company offers banking, investment, mortgage and both consumer and commercial finance products and services. Among the consumer products offered by Wells Fargo is a suite of credit cards, created to fit various personal needs. If you’re considering opening a new credit card, keep reading this Wells Fargo credit card review to find out which is the best credit card for you.
The Best Wells Fargo Credit Cards
Here are six of Wells Fargo’s different credit cards:
- Wells Fargo Cash Wise Visa Card: Unlimited 1.5 percent cash rewards on purchases
- Wells Fargo Visa Signature Card: Earn five times the rewards points on gas, grocery and drugstore purchases for the first six months
- Wells Fargo Rewards Card: Earn five times the rewards points on gas, grocery and drugstore purchases for the first six months with a low intro APR
- Wells Fargo Platinum Visa card: Lowest intro APR for 18 months on purchases and balance transfers
- Wells Fargo Cash Back College Card: Build credit history while you’re in college — plus, earn cash back on purchases
- Wells Fargo Secured Credit Card: Establish credit history with a low security deposit
Find Out: How Much Is Wells Fargo Worth?
The best card for you will depend on your credit history and what benefits are important to you in a credit card. Here’s a comparison of two credit cards Wells Fargo offers in the categories of cash back and building credit:
|Best Wells Fargo Credit Cards|
|Wells Fargo Cash Wise Visa Card||Cash back||$0|
0% intro APR for 12 months; after that 15.74% to 26.74%
|Wells Fargo Platinum Visa card||Building credit||$0||0% intro APR for 18 months on purchases and balance transfers (fees apply), then a 17.74%-27.24% variable APR|
Rates are accurate as of Aug. 13, 2018.
Best Wells Fargo Credit Card for Cash Back: Wells Fargo Cash Wise Visa Card
The Wells Fargo Cash Wise Visa Card is a good choice for those who want to earn cash back on their purchases, with unlimited 1.5 percent cash back. Take a closer look at the pros and cons of this card to determine if it’s the right one for you.
There is no annual fee with the Wells Fargo Cash Wise Visa Card. For balance transfers, there is an introductory fee of either $5 or 3 percent of the amount of each balance transfer, whichever is greater, for the first 120 days. After that, the fee is up to 5 percent for each balance transfer, with a minimum of $5. The foreign transaction fee is 3 percent of each transaction.
There is a 0% APR for the first 12 months on purchases and balance transfers; after that, the APR ranges from 15.74 percent to 26.74 percent, depending on your creditworthiness. The APR for cash advances is 25.74 percent to 27.74 percent, based on your creditworthiness.
Learn More: Best 0% APR Credit Cards
The Wells Fargo Cash Wise Visa Card comes with a number of perks:
- 0% intro APR on purchases and balance transfers for 12 months
- No category restrictions or quarterly activations required to earn unlimited 1.5 percent cash rewards
- Cash rewards do not expire
- Account protections such as 24/7 fraud monitoring, rapid alerts and zero liability protection
Best Wells Fargo Credit Card to Build Credit: Wells Fargo Platinum Visa Card
With the Wells Fargo Platinum Visa card, you’ll pay a 0% APR on all purchases and balance transfers (fees apply) for the first 18 months. This card is useful for people who want to take control of their finances by paying down balances. It’s also a good card for people who want extra time to pay for a large purchase without having to pay interest.
More Options: The Best Low-Interest Credit Cards
There is no annual fee with the Wells Fargo Platinum Visa card. For balance transfers, there is an introductory fee of either $5 or 3 percent of the amount of each balance transfer, whichever is greater, for the first 12 months. After that, the fee is up to 5 percent for each balance transfer, with a minimum of $5. The foreign transaction fee is 3 percent of each transaction.
There is a 0% APR for the first 18 months on purchases and balance transfers (fees apply); after that, the APR ranges from 17.74 percent to 27.24 percent variable APR, depending on your creditworthiness. The APR for cash advances is 25.74 percent to 27.74 percent, based on your creditworthiness.
Although this card doesn’t offer rewards or cash back, it’s a good fit for someone who needs extra time to pay off purchases or balances. Other perks include:
- Account protection features like zero liability protection
- My Money Map tools to help you budget
- Free access to your FICO credit score
Choosing the Right Wells Fargo Credit Card for You
The best Wells Fargo credit card really depends on personal needs. Be sure to pay close attention to fees and interest rates when deciding which suits you. If you don’t have existing balances you plan to transfer and/or will be able to pay for your bill in full each month, consider the perks of each card to determine which will give you the most advantages for your lifestyle.
Click through to learn what type of credit card you should get.
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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved or otherwise endorsed by Wells Fargo.