Wells Fargo Retail Services Private Label

On the record for Wells Fargo Retail Services Private Label: a 28.99% purchase APR and no annual fee, filed by Wells Fargo Bank. That purchase rate ranks near the 69th percentile across this corpus of 4,587 filings.

On the face of the filing

Wells Fargo Bank filed this agreement for Wells Fargo Retail Services Private Label with the Consumer Financial Protection Bureau. The filing runs four pages.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

28.99% puts the purchase APR near the 69th percentile across 2,280 agreements, so it runs above the midpoint of the corpus.

What the rate means in dollars

A $1,500 balance left untouched for twelve months accrues about $504 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $135 more per year.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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

What the card costs before you borrow

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

Default pricing

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

Paying in full

Anyone clearing the statement balance inside 23 days pays no purchase interest at all under this filing. That is shorter than the 25-day corpus median.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

The limits of this document

Absent from the captured terms: anything about cash advances, balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Inside Wells Fargo Bank's filed lineup

There are 28 filings from Wells Fargo Bank in this index. The issuer's own range is 9.74%–12.99%. At 28.99%, this agreement is dearer than 11 of its siblings.

On fees, 8 of the 13 sibling filings that disclose an annual fee also set it at zero — this one is among them.

The document itself

This summary stands or falls on the linked PDF — four pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

At 28.99% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The absence of an annual fee means the rate is the only thing that can make this card expensive.