Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Personal Loans Wells Fargo Personal Line of Credit Review: Discontinued, Best Alternatives Updated Oct 02, 2025 5-min read Reviewed by Kristen Barrett, MAT Reviewed by Kristen Barrett, MAT Expertise: Student loans, mortgages, personal loans, home equity, investing Kristen Barrett is a managing editor at LendEDU. She lives in Cincinnati, Ohio, and has edited and written personal finance content since 2015. Learn more about Kristen Barrett, MAT See Alternatives Wells Fargo no longer offers a personal line of credit, but you can find flexible options with banks and online lenders. Three of our top picks for personal lines of credit are U.S. Bank, Truist, and Elastic. Personal Line of Credit (no longer available) Large borrowing limits (up to $100K) Flexible use cases Could be linked for overdraft protection Annual fee ($25) Rates less competitive than some credit unions Only for current Wells Fargo customers Credit limits$3,000 – $100,000Rates (APR)Variable, often in the 9% – 21% rangeRepaymentRevolving credit, monthly minimums required Wells Fargo no longer offers a personal line of credit, and you can’t apply as a new customer. The product was once a flexible borrowing option with limits up to $100,000, but it carried an annual fee and less competitive rates than other lenders. If you’re considering a personal line of credit today, better options are available through banks and online marketplaces, including these top picks: Best Marketplace 4.4 View Rates View Rates Rates (APR) Varies Funding Varies Term (Yrs.) Varies Min. Credit Score None 4.4 View Rates Best for No Annual Fees 4.4 View Rates View Rates Rates (APR) 12% – 22% Funding Up to $25K Term (Yrs.) 1 – 7 Min. Credit Score 680 4.4 View Rates Best for Small Emergency Lines 4.0 View Rates View Rates Rates (APR) 13.19% – 17.74% Funding $300 – $7.5K Term (Yrs.) Not disclosed Min. Credit Score Not disclosed 4.0 View Rates Best for No-Interest Line of Credit 3.8 View Rates View Rates Rates (APR) None Funding $500 – $4.5K Term (Yrs.) Revolving Min. Credit Score None 3.8 View Rates Find out why these are our team’s choices for the best personal lines of credit. Table of Contents Is the Wells Fargo personal line of credit still available? How it worked Why Wells Fargo discontinued it Pros and cons Best alternatives Engine by MoneyLion U.S. Bank Truist Elastic How to choose Is the Wells Fargo personal line of credit still available? No. Wells Fargo announced in 2021 that it would stop offering personal lines of credit. The decision was part of a broader shift to simplify its lending products. Existing customers may still manage their accounts, but new applications are not being accepted. The bank still offers personal loans. Check out our review of Wells Fargo’s personal loan. How the Wells Fargo personal line of credit worked When it was available, Wells Fargo’s personal line of credit was an unsecured revolving credit line. Customers could borrow between $3,000 and $100,000, transfer funds directly into checking accounts, and use it for debt consolidation, home improvements, or emergencies. The line of credit charged a $25 annual fee and variable interest rates based on creditworthiness. Borrowers had to be Wells Fargo customers to apply, and applications required a credit check. Why Wells Fargo discontinued its personal line of credit Wells Fargo stopped offering this product in 2021 as part of its efforts to scale back consumer lending and reduce risk. Instead, the bank now promotes personal loans and home equity products as alternatives for borrowers who need access to financing. Pros and cons of the Wells Fargo personal line of credit (when it was available) Pros Large credit limits (up to $100K) Could be used for almost any expense Option to link as overdraft protection Cons $25 annual fee Rates weren’t always competitive Only available to Wells Fargo customers Best alternatives to the Wells Fargo personal line of credit Engine by MoneyLion Best Marketplace 4.4 /5 View Rates Why it’s a great alternative to Wells Fargo Engine by MoneyLion is a marketplace that connects borrowers with both personal loans and lines of credit. Instead of applying with multiple lenders, you can compare prequalified offers in one place with no impact on your credit score. Access to multiple lenders and products No application or service fees Soft credit check for prequalification Rates (APR)Vary by lenderLoan amountsVary by lenderRepayment termsVary by lender Eligibility requirements Soft credit check: Yes Minimum credit score: None Minimum income: None States: All 50 states and D.C. U.S. Bank Best for No Annual Fee 4.4 /5 View Rates Why it’s a great alternative to Wells Fargo U.S. Bank offers unsecured personal lines of credit up to $25,000 with competitive rates. Unlike Wells Fargo’s former product, there’s no annual fee. Lines of credit can also be linked to U.S. Bank checking accounts for overdraft protection. Offers multiple lines of credit for different uses (Personal line of credit, Home improvement personal line of credit, Reserve line of credit) No annual fee Easy account management online, via app, or at branches Rates (APR)12.50% – 22.50% Loan amountsUp to $25,000Repayment terms1 – 7 years Eligibility requirements Soft credit check: Yes Minimum credit score: 680 Minimum income: Not disclosed States: All 50 states and D.C. Other requirements: Must be a U.S. Bank checking account client Truist Best for Small Emergency Lines 4.0 /5 View Rates Why it’s a great alternative to Wells Fargo Truist‘s Ready Now credit line is a small unsecured line of credit designed for overdrafts and emergency expenses. Borrowers can access $300 to $7,500, and the line requires a linked Truist checking account. It stands out with no collateral requirement and $0 overdraft fees, making it a good fit for current Truist customers who want a safety net. Same-day availability possible after approval Can help avoid overdraft fees Flexible repayment structure Limited credit line compared to other banks Must be a Truist checking customer Rates (APR)Starting at 13.69% Loan amounts$300 – $7,500Repayment termsNot disclosed Eligibility requirements Soft credit check: No Minimum credit score: Not disclosed Minimum income: Not disclosed States: All 50 states and D.C. Elastic Best for No Interest 3.8 /5 View Rates Why it’s a great alternative to Wells Fargo Elastic is a personal line of credit designed for smaller borrowing needs, from $500 to $4,500. Instead of charging interest, Elastic applies a cash advance fee (5% to 10%) and a carried balance fee ($5 to $350 depending on repayment frequency). It’s not available everywhere, but it can be a quick option for those who qualify. Funds may be available as soon as the next day Access to financial tools like Credit Score Plus and Financial U Check your eligibility without affecting your credit Fee structure makes it difficult to predict costs Not available in all 50 states Rates (APR)None, payment based on feesLoan amounts$500 – $4,500Repayment termsNot disclosed Eligibility requirements Soft credit check: Yes Minimum credit score: Not disclosed Minimum income: Not disclosed States: Not disclosed How to choose a personal line of credit today If you’re comparing personal lines of credit, look for: No or low annual fees to keep costs down Soft credit check prequalification so you can shop safely Flexible credit limits that match your borrowing needs Competitive rates that rival personal loan rates If you want predictable monthly payments, a personal loan may be a better alternative. Check out our picks for the best personal loans. About our contributors Written by Kristen Barrett, MAT Kristen Barrett is a managing editor at LendEDU. She lives in Cincinnati, Ohio, and has edited and written personal finance content since 2015.