The Best Wells Fargo Business Credit Card [Bonus, Earnings, and Benefits]

Wells Fargo was established in the mid-1800s during the San Francisco gold rush. Over the next 160 years, the financial institution grew its banking and coast-to-coast delivery services nationwide. You might be familiar with its iconic stagecoach symbol, which represents its history of owning and operating the largest stagecoach delivery operation in the world.

Fast-forward to modern times, and you’ll find that Wells Fargo plays a prominent role in providing banking and credit card solutions to every type of consumer. In the credit card arena, you’ll find cards that help you build your credit, reward-earning cards, and even no-annual-fee cards.

For business owners, Wells Fargo also offers the Signify Business Cash℠ Card by Wells Fargo.

Today, we will focus on this Wells Fargo business credit card, zeroing in on its earning potential, reviewing redemption options, and exploring card benefits.

Let’s examine whether the Signify Business Cash card could add value to your operation.

Why Your Business Needs a Business Credit Card

Regardless of the size of your business, you should consider a business credit card the minute you have any business income. Whether you’re selling items on eBay, offering childcare, or running a retail operation, any business can benefit from a business credit card.

Here are some of the reasons to consider a business credit card:

• Separate business expenses from personal expenses
• Allows employees to make purchases that can be tracked and managed
• Earns rewards for your business purchases
• Utilizes the higher credit limits that business cards tend to have
• Builds your business credit history
• Funds expansion and growth
• Leads to easier accounting at tax time
• Documents business expenses in case of an IRS audit
• Utilizes the business management tools that come with a business credit card

Securing a business credit card with Wells Fargo requires having a current relationship with the bank. An online checking or savings account can qualify, or you can visit a local branch office to open an account and apply for a card.

Wells Fargo Business Credit Card Summary

Before we expand on the attributes of the Signify Business Cash card, an overview can be helpful.

Here’s a quick breakdown of card features and benefits.

Does the Signify Business Cash Card Match Your Type of Business?

Business credit cards are generally designed to support specific businesses. Whether you’re just starting your business, building it to the next level, or operating a thriving operation, selecting a card that matches your business profile is important.

The Value of a Welcome Offer

After approval, you can earn a welcome bonus with the Signify Business Cash card.

If you meet the minimum spending requirements on your card within the first 3 months after card approval, you can earn a bonus, typically worth hundreds of dollars.

Earning Potential

Busy business owners who don’t have time or a preference for memorizing complicated card earning structures will like the Signify Business Cash card.

The card earns unlimited 2% cash rewards on every purchase.

Redeeming Rewards

You have several choices for redeeming rewards earned with the Signify Business Cash card:

• Cash
• Statement credit
• Gift cards
• Travel
• Merchandise
• Charitable donation

Generally, points are worth 1 cent each, but there can be specials where your points may be worth more, such as gift card promotions. Some redemptions could yield less than 1 cent in value per point.

Cash rewards must be redeemed in increments of $25.

Protections and Benefits

Travel protections can provide economic relief if you should suffer a covered loss while traveling, and benefits can save you money. The Signify Business Cash card has these key travel and shopping protections and benefits.

Travel Protections and Benefits

• Priority Pass Pay-as-You-Go: Enjoy access to Priority Pass airport lounges worldwide. Enroll in Priority Pass with your card and pay $35 per person per visit.
• MasterRental Insurance Coverage: MasterRental coverage offers primary car rental insurance outside your country of residence and secondary within your country of residence for collision and theft. Pay and reserve your car rental with your card and decline the rental agency’s CDW/LDW insurance to receive coverage for damage and theft.
• Baggage Delay Reimbursement: If your baggage is delayed or misdirected by the common carrier, you could receive up to $300 in reimbursement. Your common carrier ticket must be paid for with your card.
• Travel and Emergency Assistance Services: Have access to 24/7 resources for emergency assistance during your travels.
• Travel Accident Insurance: You could receive up to $250,000 in the event of a covered severe injury or death involving a common carrier.

Shopping Benefits

• Mastercard Merchant Offers: Enjoy discounts and offers from select merchants, including Lyft, Instacart, Booking.com, Adobe, and more.
• Introductory 0% APR Period for Purchases: Pay back your purchases over time without interest charges for up to 12 months from the date of card approval. After that, an APR of 17.49% to 25.49% applies, based on creditworthiness.

Additional Protections

• Mastercard ID Theft Protection: Enroll to receive complimentary credit monitoring, fraud alerts, and access to resolution specialists.

Everything Else You Need to Know

The Signify Business Cash card offers business management tools, including online account management, zero liability for unauthorized charges, and fraud monitoring.

If you have no business credit history, your personal credit history will be used to determine card eligibility. Wells Fargo does not report the activity on your business credit card to personal credit bureaus. It reports activity monthly to the Small Business Financial Exchange business credit bureau.

Wells Fargo previously issued several business credit cards. These cards are currently not open to new applicants.

• Wells Fargo Business Platinum Credit Card
• Wells Fargo Business Elite Signature Credit Card
• Wells Fargo Business Secured Credit Card

You must have a current Wells Fargo bank account to apply and be approved for the Signify Business Cash card. You can apply online or in person at a Wells Fargo branch office.

Alternative Business Credit Cards

If you currently have a relationship with Wells Fargo and want simple earnings and a business card with no annual fee, the Signify Business Cash card could be an option.

With that said, better business credit cards are available.

Here are a few alternatives with solid earning potential, flexible redemption options, and stellar travel and shopping benefits and protections.

Ink Business Preferred^® Credit Card

With a generous welcome bonus offer, a lower annual fee, and 3x earnings on common business expenses, the Ink Business Preferred card includes excellent benefits and is one of our favorite business cards.

The Business Platinum Card^® from American Express

You may find value in the Amex Business Platinum card if your business involves travel. The card offers tremendous value to business travelers with worldwide lounge access, hotel elite status, airline fee statement credits, and flexible reward redemption options.

Ink Business Cash^® Credit Card and Ink Business Unlimited^® Credit Card

Depending on the mix of your greatest business spending categories, the Ink Business Cash card or Ink Business Unlimited card could offer a no-annual-fee business rewards-earning option.

Both cards earn valuable Ultimate Rewards points that can be redeemed for cash-back or travel at 1 cent per point. Points can also be transferred to a premium Chase credit card to receive up to 50% more in value when redeemed for travel.

Points earned on premium Chase cards can also be transferred to Chase transfer partners, where you can realize even greater potential value.

Review our list of the best available reward-earning business card options for your business operation, regardless of size.

Final Thoughts

The current Wells Fargo lineup of business credit cards is limited to the Signify Business Cash card.

The card offers simplicity for the busy business owner and tools to control and monitor employee spending. This could be a valuable feature if you have an employee base making purchases.

Your business may also want to take advantage of the introductory 0% APR on purchases if you have large or multiple purchases you’d like to pay back over time.

For those business owners with good to excellent credit, alternative business credit card options could provide better value.