The Wells Fargo Platinum Visa card may be the best balance transfer option most suited for your needs to pay off debts on your credit card. It is a reasonable choice that comes with an 18-month intro period of 0 percent – which is very competitive.

On the flip side, the fees can be higher than the average for comparable cards. The fee for balance transfers is 3 percent for the first four months, then it increases to 5 percent, and the foreign transaction fees are 3 percent.

Standard rates are also comparatively higher, ranging between 17.74 and 27.24 percent. It is therefore important for cardholders to make prompt payments during the months when APR is lower. The balances with lower APR are usually dealt with first with minimum payments before higher APR balances.

Since Wells Fargo is aware that there is no standard rewards package provided with this card, cell phone insurance is offered as an alternative. If the card is used to make phone bill payments, cardholders can get their phones insured against theft and damage worth a maximum of $600. This card comes with several similar protection-based benefits which make it stand apart from the rest.

Auto rental collision damage waiver

If you use the Visa card to rent a vehicle, it will be covered under the Auto Rental Collision Damage Waiver (CDW). Any damage caused by theft or collision can be reimbursed with this insurance, with an amount equal to the rental automobile’s actual cash worth.

This waiver is exclusively applicable on valid cardholders who primarily rented the vehicle. Cardholders who do not possess personal auto coverage will be provided reimbursements by CDW for damage, theft, loss-of-use and administrative fees payable to the rental company, as well as towing costs incurred while you had charge over the rental automobile.

Travel accident insurance

In the event of an emergency during your travels, you will get round-the-clock assistance, any time throughout the year, with this perk.

Services provided include emergency transportation help, emergency messaging facilities, assistance for legal and medical referrals, ticket replacement, prescription assistance, delivery of important documents, locating lost luggage, and emergency translation help.

Visa cardholders, spouses and any children less than 22 years of age are eligible for this service.

ZERO liability

Liability protection is offered to Wells Fargo Platinum Visa cardholders on unauthorized transactions without any extra charges. You will not be penalized as long as the transaction is promptly reported.

My Money Map tools

Cardholders can organize their finances more conveniently using the money management mechanisms made available to them by Wells Fargo. Budgeting, saving, tracking expenses and planning ahead for financial stability can all be done using the My Money Map tools.

Why get the Wells Fargo Platinum Visa Card?

• 18 interest-free months will significantly help to pay down your debt.
• Existing Wells Fargo users can reorganize and solidify finance management.
• Few other cards come with as many protection plans.
• Rewards do not matter as much as zero annual fees.

How to use the Wells Fargo Platinum Visa Card:

• Contact Wells Fargo to know your eligibility for the APR intro-period offer if your card was opened sometime in the past 15 months.
• Pay off all of your debt or as much as you can during the first 18 months you get. Otherwise your savings will be offset by interest that will accumulate if there is debt left to pay down after the intro period.
• Devise a plan to ensure timely payments on your balance as soon as your 0 percent duration begins.
• Avail the cell phone insurance by using the Wells Fargo Consumer Credit Card to make phone bill payments. This offer is not applicable on bill payments made through the Wells Fargo Business Credit Card, Wells Fargo Debit Card or Wells Fargo Commercial Card. It is also not valid if you have opened a Line of Credit on the card.

• Additional Features: rapid alerts, overdraft protection, roadside dispatch, FICO credit scores accessible with no charges, cell phone coverage worth $600.