Wells Fargo balance transfer cards: Which one is right for you?

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In a Nutshell

If you’re looking to do a balance transfer, Wells Fargo has at least six credit cards that offer a promotional 0% APR on the transaction. But we think the best three options are the Wells Fargo Platinum card, the Wells Fargo Cash Wise Visa® card, and the Wells Fargo Propel American Express® card — either because of the balance transfer offer itself or because of the ongoing rewards that come with the card.
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These offers are no longer available on our site: Wells Fargo Platinum card, Wells Fargo Cash Wise Visa® card, Wells Fargo Propel American Express® card

The Wells Fargo Platinum card, Wells Fargo Cash Wise Visa® card and Wells Fargo Propel American Express® card are no longer available. For more options, shop for balance transfer credit cards on Credit Karma.

Compare Wells Fargo balance transfer cards

  Wells Fargo Platinum card Wells Fargo Cash Wise Visa® card Wells Fargo Propel American Express® card
Introductory 0% APR promotion 0% intro APR on purchases and balance transfers for 18 months 0% intro APR on purchases and balance transfers for 15 months 0% for 12 months on qualifying balance transfers intro APR on purchases and balance transfers for 12 months
Balance transfer fee 3% intro for 120 days from account opening, then up to 5%; minimum: $5 3% intro for 120 days from account opening, then up to 5%; minimum: $5 3% intro for 120 days from account opening, then up to 5% (minimum $5)
Regular APR Variable 16.49% - 24.49% on balance transfers and purchases Variable 14.49% - 24.99% on balance transfers and purchases Variable 14.49% - 24.99% on balance transfers and purchases
Annual fee $0 $0 $0

  1. Wells Fargo Platinum card
  2. Wells Fargo Cash Wise Visa® card
  3. Wells Fargo Propel American Express® card

What you need to know about each card

All three Wells Fargo cards offer a balance transfer promotion to new cardholders. Not all three promotions are equal, though, and if you want a card with a longer introductory period, you may need to give up other features as a trade-off.

As you consider each card, think about how much debt you want to transfer and which promotion provides the best value to you. But also take note of other features that can provide value in the long run.

Take your time to compare each of these three Wells Fargo balance transfer cards and its pros and cons to pick the best one for you. Here are the main highlights of each.

Wells Fargo Platinum card

The Wells Fargo Platinum card does only one thing, but it does it well: The card offers an introductory 0% APR on both purchases and balance transfers for 18 months. After that, the variable APR for purchases and balance transfers rises to 16.49% - 24.49%, based on your creditworthiness. But remember, a balance transfer request must be made within 120 days from account opening to qualify for the introductory APR. The card has a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; minimum: $5.

Although the 18-month intro APR gives you the longest promotional period of the three cards, you may have a hard time squeezing value out of it after the introductory period ends. The card’s other main benefits are limited to …

  • Cellphone protection
  • Travel accident insurance
  • Rental car insurance
  • Roadside dispatch
  • Travel and emergency assistance services
  • No annual fee
From our partner

Wells Fargo Platinum card

2.6 out of 5

From cardholders in the last year

Wells Fargo Cash Wise Visa® card

The Wells Fargo Cash Wise Visa® card offers a slightly shorter balance transfer promotional period but makes up for it with cash back rewards. You’ll get an introductory 0% APR on purchases and balance transfers for 15 months, after which the variable APR for both is 14.49% - 24.99%. The card has a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; minimum: $5.

The card also offers a $150 cash bonus after you spend $500 on purchases in the first 3 months and 1.5% cash back on every purchase you make. Also, be aware that neither balance transfers nor cash advances count toward the $500 spending requirement.

Also, during the first 12 months, you’ll get an additional 20% cash back on mobile wallet transactions (think Apple Pay and Google Pay), for a 1.8% rewards rate. Other perks include …

  • Cellphone protection
  • Rental car insurance
  • Emergency card replacement and cash disbursement
  • No annual fee
From our partner

Wells Fargo Cash Wise Visa® card

0.0 out of 5

From cardholders in the last year

Wells Fargo Propel American Express® card

The Wells Fargo Propel American Express® card offers the shortest balance transfer promotional period of the three cards, but it also has more potential value in other ways. New cardholders will get an introductory 0% for 12 months on qualifying balance transfers APR on purchases and balance transfers for 12 months. After that, the APR is a variable 14.49% - 24.99%, based on your creditworthiness. Balance transfer requests must be made within 120 days from account opening to qualify for the introductory APR. The card has a balance transfer fee of 3% intro for 120 days from account opening, then up to 5%; minimum: $5.

As a new cardholder, you’ll also earn 20,000 bonus points after you spend $1,000 on purchases in the first 3 months — that’s worth $200 in cash back. You can also redeem for travel purchases, gift cards and other redemption options. On an ongoing basis, you’ll earn three points per $1 on …

  • Restaurants, including eating out and ordering in
  • Gas stations, rideshares and transit
  • Flights, hotels, homestays and car rentals
  • Select streaming services, including Netflix, Hulu, Spotify Premium and more

You’ll earn one point per $1 on all other purchases. Other card highlights include …

  • Cellphone protection
  • Lost luggage reimbursement
  • Rental car insurance
  • Roadside assistance
  • Travel and emergency assistance services
  • $0 annual fee

How to pick the right card for you

If you’re looking for a balance transfer, all three of these cards offer solid promotional 0% APR financing. The right one for you depends on how much debt you want to transfer and how else you plan to use the card.

For example, if you want to pay off your credit card debt then keep your spending in check, the Wells Fargo Platinum card may be a good choice because you won’t be tempted to spend to earn ongoing rewards.

If you’re interested in getting cash back or travel rewards once you’ve paid down your debt, one of the other cards may be worth considering.

Take a minute to consider how much debt you have and how long it’ll take you to pay it off after you transfer it. Then think about your spending habits and preferences regarding rewards and other benefits. Also consider how much you’ll pay in fees to transfer your balance. There’s no single option that’s right for everyone, so it’s important to know what you want in a balance transfer card.

One thing to keep in mind, though, is that all three credit cards charge a balance transfer fee. Some balance transfer credit cards don’t charge an upfront balance transfer fee, which can save you even more money as you work to pay down your debt.

Not sure any of these cards are for you? Consider this alternative.

These Wells Fargo balance transfer offers may be enough for your needs, but they’re not the only balance transfer credit cards out there. You may find a better fit with another credit card issuer. Here’s another alternative to consider.

  • Citi Simplicity® Card: Check out this card if you think you need more time to make a plan and pay down your debt.

About the author: Ben Luthi is a personal finance freelance writer and credit cards expert. He holds a bachelor’s degree in business management and finance from Brigham Young University. In addition to Credit Karma, you can find his wo… Read more.