"Disappointed..."
Wells Fargo Platinum Card Review
Written by: jpr0204 on 2010-10-27
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
jpr0204's review: 
Let me begin by saying that this was my very first credit card I had ever received. It was the Wells Fargo Platinum STUDENT Visa. They started me out at $700 credit limit and witin a year I was up to $1500 and a 13.9% APR. I NEVER missed a payment and was never late. About 5 years later I applied for a CLI and they said that 1,500 was as high as they could go on a STUDENT card. I would have close this card and apply for a Wells Fargo Platinum NON COLLEGE card. So, I did just that since I had nothing bad to say about Wells Fargo. I was approved for with a $3,000 CL but my rate jumped to 24.99 APR on purchases with a 757 FICO score. Believe me, I don't use it much as the rate is very high and every time I call to request a lower rate they say "you currently have the lowest rate available for this account". But, I will not close the account because it will take away from my "Total" avail credit which may lower my FICO score.
Let me begin by saying that this was my very first credit card I had ever received. It was the Wells Fargo Platinum STUDENT Visa. They started me out at $700 credit limit and witin a year I was up to $1500 and a 13.9% APR. I NEVER missed a payment and was never late. About 5 years later I applied for a CLI and they said that 1,500 was as high as they could go on a STUDENT card. I would have close this card and apply for a Wells Fargo Platinum NON COLLEGE card. So, I did just that since I had nothing bad to say about Wells Fargo. I was approved for with a $3,000 CL but my rate jumped to 24.99 APR on purchases with a 757 FICO score. Believe me, I don't use it much as the rate is very high and every time I call to request a lower rate they say "you currently have the lowest rate available for this account". But, I will not close the account because it will take away from my "Total" avail credit which may lower my FICO score.
2 Comments
Comment 1 by cfmdev49
Re: Disappointed... 
on 2010-10-27
With that interest rate... Best to leave it in the sock drawer... They're not doing you any favors...
on 2010-10-27 With that interest rate... Best to leave it in the sock drawer... They're not doing you any favors...
Comment 2 by wanderer
Re: Disappointed... on 2010-10-28
Wells Fargo has changed a lot and they are NOT the consumer (every day person) bank they used to be. Put this on your close list. It will likely not grow with you.
on 2010-10-28 Wells Fargo has changed a lot and they are NOT the consumer (every day person) bank they used to be. Put this on your close list. It will likely not grow with you.
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Disclaimer: This content is not provided by Wells Fargo. 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. Review content is powered by Finance Globe.
