The Wells Fargo Platinum Visa card may be a fine option if you're struggling to pay down large, high interest debt, but only because there aren't many rewards and perks associated with it that make it appealing to consumers. Rather than trying to combine credit cards to improve your credit rating, this would be an appropriate choice instead. It's designed specifically for people with good to decent FICO credit ratings who wish to utilize their card to aid them in paying off large, high interest debt.
On the surface, the benefits of owning the Wells Fargo Platinum Visa card are numerous. You'll get access to a zero percent introductory rate on purchases and balance transfers for up to twelve months. This can save you quite a lot of money over the course of the year, which is good when you consider how high interest debt accumulates quickly. On top of this, you also receive a monthly grace period before charges begin accruing again, allowing you to pay off your balance without overspending.
But these benefits come at a price. This type of card comes with a fairly sizeable annual fee, which can be as much as five hundred dollars. Even with the introductory and promotion, this can add up to large costs. If you make large purchases during this introductory period, you may find that your card has a high annual percentage rate, as well as fees for balance transfers and other expenses.
But did you know that with the Wells Fargo Platinum Visa Card, you also get unlimited 1.5 percent cash back on purchases? That's a valuable perk that can help you save hundreds of dollars per year. You may be wondering why you should use your card for purchases rather than cash. After all, with cash, there is the risk of running out of money before you're able to make a purchase. With a credit card, you don't have this concern because you are not spending actual cash for purchases.
However, this benefit of the Wells Fargo Platinum Visa Card comes at a price. For every dollar of eligible purchases you make, you have to pay an annual fee of twenty-one dollars. You have to read the fine print to see if this annual fee applies to your transactions. In addition, after the first three months to a year, you have to pay an additional forty-five dollars for an additional “safekeeper” fee, which is a fee that the bank charges for any foreign transaction you conduct using your card.
If you need a cell phone, you will want to read about the extra coverage of this card. This card offers you twice as much coverage as the Wells Fargo regular Platinum Card. For an added fee, you can add additional coverage like rental car, emergency trip and loss of luggage or items that have value. You also have access to travel accident insurance for an additional fee, which means that you won't have to worry about getting sick when traveling. All of these options are great, but the most important one is that you will be covered in the event that you have an accident or any other problem that causes you to lose personal property and write off your travel expense.
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Wells Fargo Platinum Visa Card Review – wells fargo platinum visa card | wells fargo platinum visa card
Business Platinum Credit Card – Wells Fargo Small Business – wells fargo platinum visa card | wells fargo platinum visa card
You have probably heard of the Wells Fargo Platinum Card. You may have even applied for one. This is a great credit card if you are in good standing with your bank and have a decent balance on your checking account. But what does it really offer? Let's take a look at the Wells ...
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