The best Wells Fargo balance transfer offers

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In a Nutshell

Wells Fargo offers a few balance transfer choices that could help you consolidate debt, pay it off and even earn some cash back along the way.

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Best for overall balance transfer Wells Fargo Platinum Visa® Card
Best for no-frills rewards Wells Fargo Cash Wise Visa® Card
Best for rewards and balance transfer Wells Fargo Rewards® Card


Wells Fargo’s suite of balance transfer cards all come with various perks, like no annual fee. But beyond that, there are some make-or-break features that you should know about before you commit.

Wells Fargo Platinum Visa® Card

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Wells Fargo Platinum Visa® Card

From cardholders in the last year

See Details, Rates & Fees

Who’s it for?

The Wells Fargo Platinum Visa® Card could be best described as a simple balance transfer card. The features are basic, and as far as perks go, there’s not much to get excited about.

But if you’re carrying a decent amount of credit card debt, you might be interested in the promotional interest rate for purchases and balance transfers. There are a few things you should know, though.

  • This card offers a 0% intro APR for 18 months on purchases and balance transfers made within 120 days after your account is open.
  • After that intro period is up, there will be a variable APR of 17.74% - 27.24%.
  • There’s a balance transfer fee: 3% (min. $5) if you request the transfer in the first 120 days your account is open. After that, you’ll pay 5% (min. $5).

Why we like it

The Wells Fargo Platinum Visa® Card is straightforward. There are no rewards. It’s not going to get you into fancy travel clubs or throw points your way when you fill up the gas tank. But if you’ve got some debt you want to transfer and pay down, it’ll do the job.

Watch out for

If it’s a balance transfer card you’re after, other plastic can do that and offer rewards. Plus, even though there is an intro APR period, there is still a fee for balance transfers. But if you have debt to transfer and you like Wells Fargo, it’s worth a look.

If you’re not going to be transferring any debt, stick to other options that will reward you for your credit card use.

How to use it

Use the Wells Fargo Platinum Visa® Card as a way to pay off existing debt with the introductory APR. But also consider other options that give you balance transfer functionality plus rewards perks long after your transfer is paid off.

Credit Karma’s favorite balance transfer cards

Wells Fargo Cash Wise Visa® Card

Who’s it for?

The Wells Fargo Cash Wise Visa® Card is a well-rounded card that works for the everyday user who wants a basic card that can do a little bit of everything.

Why we like it

This card wears many hats. If you want rewards, it will give you 1.5% cash back on every purchase, plus 1.8% cash back on qualified mobile wallet purchases for the first year.

If you want to pay off debt and are considering this card for a balance transfer, here are some points to consider.

  • There is a 0% intro APR period for 12 months from account opening on purchases and on balance transfers made within 120 days.
  • After the intro period, you’ll pay a variable APR of 16.24% - 28.24% on both purchases and balance transfers.
  • There are balance transfer fees with this card, too. You’ll pay an introductory fee of 3% (min. $5) of the total balance transfer amount during the first 120 days your account is open. After that, it’s 5% (min. $5) for each balance transfer.

There’s a sign-up bonus, too: $200 cash back after spending $1,000 on purchases in the first 3 months.

Separately, these features are nothing special. The intro APR period for balance transfers is on the low end, and you can find other cards with better cash back rates and sign-up bonuses. But put them together and you get a top choice for the everyday spender who wants a no-hassle card.

As long as you’re careful to avoid adding new purchases and additional debt on top of the balance you’ve transferred, this card is a good choice to pay off your debt.

Watch out for

A disadvantage to this card’s cash rewards is that you’re limited to $25 increments, redeemable over the phone, online into a Wells Fargo bank account or by check. Though it’s $20 increments when redeeming via a Wells Fargo ATM.

How to use it

Use this card as an everyday option that doesn’t require too much planning ahead. If you bank with Wells Fargo, want to pay off some debt and like to earn rewards without any fuss, you’ll like the simplicity of the Wells Fargo Cash Wise Visa® Card.

Wells Fargo Rewards® Card

Who’s it for?

The Wells Fargo Rewards® Card offers a 0% intro APR for 15 months from account opening (on both balance transfers and purchases). After that, your regular variable APR will be 18.24% to 27.74%, based on your creditworthiness. Balance transfers must be made during the first 120 days of account opening to be eligible for the intro rate. The intro balance transfer fee is 3% (min. $5), within the first 120 days of your account opening. After that, it’s a 5% (min. $5) fee.

The intro APR offer puts it right in between the above two cards for intro APR length. Just be sure to pay off your debt in the allotted 15-month period when you open your card. If you don’t, you’ll be hit with the regular APR. This card is best for Wells Fargo customers who want to pay off debt without sacrificing a rewards program.

Why we like it

Like the Wells Fargo Cash Wise Visa® Card, the Wells Fargo Rewards® Card is more than just a balance transfer card. It has rewards features that will make you want to keep it in your wallet even after your debt is paid off.

The rewards are generous, earning you five points per $1 spent on gas, groceries and drugstore purchases for the first six months your account is open (up to $12,500.) Beyond that, and for all other purchases, you’ll get one point per $1 spent.

Watch out for

If balance transfer capability is high on your priority list for a new credit card, be aware that this card also comes with a transfer fee. It’ll cost you an intro 3% (min. $5) of your transfer for the first 120 days, and beyond that, it’s up to 5% per transfer (or at least $5.)

The extra points you’ll earn on gas, groceries and drugstore buys sweeten the deal, but it’s short lived at a six-month cap. After that, the one point per $1 spent for all purchases is pretty low compared to other rewards cards.

But if you want a Wells Fargo card with more than 12 months to pay off your debt and don’t want to scrap rewards altogether, this is probably the best choice for you out of this list.

How to use it

Take advantage of the boosted rewards while you can, and be sure to use your card every time you fill up on gas or make a grocery run. (It might be a good time to stock up on greeting cards and candy at the drugstore, too.)

Bottom line

Wells Fargo customers have a few options when it comes to balance transfer credit cards. Take stock of what you plan to pay off, how long it’ll take, and the other must-have features you want in a card to help you make the final choice.