Wells Fargo Private Bank Visa Infinite Card

Wells Fargo Bank's filed agreement for Wells Fargo Private Bank Visa Infinite Card discloses a 12.74% purchase APR and a $95 annual fee. That purchase rate ranks near the 9th percentile across this corpus of 4,587 filings.

The disclosed terms

Wells Fargo Bank submitted the terms for Wells Fargo Private Bank Visa Infinite Card to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs 16 pages.

The disclosure covers a purchase rate, a cash advance rate, a balance transfer rate, an annual fee line and a late payment maximum. No figure appears for a penalty rate.

The purchase APR against the corpus

At 12.74%, the purchase APR falls at roughly the 9th percentile of the 2,280 filings indexed here, which is comfortably below what most issuers filed.

This is disclosed as a variable rate. The number above is a snapshot: it tracks an index, so it changes without the agreement being amended.

What a balance actually costs

Carry $2,000 on this card for a year without paying it down and the purchase rate alone generates roughly $272 in interest.

A typical filing in this index would charge about $492 on that balance; this one is roughly $220 a year below it.

Per statement cycle that is on the order of $21.05 on $2,000, which is the number that actually shows up on a bill.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

The downside terms

The maximum late fee is $40 — roughly the 72nd percentile of the late fee ceilings disclosed across this index.

The fee structure

$95 a year is the disclosed annual fee, which ranks near the 92nd percentile of the fees filed across this corpus.

Expressed in the card's own terms, the $95 fee equals about a year's interest on a $746 balance at the disclosed 12.74% purchase rate.

Cash advances carry a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 22.74%. That is 10 points above the purchase rate. The grace period described below generally does not extend to cash advances, so interest on them usually begins immediately.

Moving a balance onto this card carries an up-front charge of 28.49% of the amount transferred, with the transferred balance priced at 22.74%. Transferring $5,000 would cost roughly $1,425 at the door.

No foreign transaction fee is charged, which puts this filing in the roughly 22% of disclosing agreements here that do not take a cut of overseas spending.

Against the rest of Wells Fargo Bank's filings

Wells Fargo Bank has 28 agreements indexed on this site. Across that lineup purchase rates span 9.74% to 28.99%; this filing's 12.74% sits above 6 of the comparable ones.

Among the issuer's other filings that disclose a fee, 9 of 13 come in below this card's $95.

What the filing does not tell you

This page cannot tell you penalty pricing, because the filing's disclosure table as read does not contain it.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

The original filing, 16 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

The purchase rate of 12.74% is one of the cheaper figures in this index — the central point in the agreement's favour. The $95 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.