Compare Wells Fargo business credit cards

Compare Wells Fargo business cards

Here’s a side-by-side comparison of each Wells Fargo business card to help make narrowing down your choice a bit simpler.

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Name	Product	Rewards	Purchase APR	Annual fee
Wells Fargo Business Secured Credit Card		1.5% cash back on all purchases	15.15% variable	$0	Earn 1.5% cash back on all purchases.	View details	Compare	loading Fetching your data...
Wells Fargo Business Platinum Credit Card		Choose 1.5% cash back or 1x points on all purchases	0% intro for the first 9 months (then 11.24% to 21.24% variable)	$0	Get a one-time $500 cash back bonus when you enroll in the cash back rewards program and spend $3,000 in the first 3 months	View details	Compare	loading Fetching your data...
Wells Fargo Business Elite Signature Card		1.5% cash back or 1x points on all purchases, plus 5,000 points after spending $10,000 or more in any monthly billing period	7.24% variable	$0 intro annual fee for the first year ($125 thereafter)	Get a one-time $1,000 or 100,000 bonus points when you enroll in the rewards program and spend $25,000 in first 3 months	View details	Compare	loading Fetching your data...

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Overview of Wells Fargo business credit cards

Wells Fargo offers three business credit cards, each tailored to the size of your company.

Wells Fargo Business Secured Credit Card

Finder Rating: 4.1 / 5

★★★★★

Credit recommended (300-579) Read review

300
Min. credit score

$0
Annual fee

1.5%
Cash back

n/a
Welcome offer

• Info
• Pros & cons
• Details

For new business owners and those looking to rebuild a shaky credit history, the Wells Fargo Business Secured Credit Card could be a valuable option. As a secured card, using this card responsibly and paying on time can help your efforts to build or rehabilitate your business credit score.

Although your credit line depends on your security deposit and you face a high APR with the Wells Fargo Business Secured Credit Card, this card offers some advantages you don't often see in other secured business cards, notably the ability to earn rewards while getting your finances on track. In fact, the reward structure on this card is surprisingly thorough, allowing you to choose between 1.5% cash back or 1x reward points on purchases. Should you choose points, Wells Fargo will give an additional 1,000 points for every $1,000 your company spends in a monthly billing period.

Finally, the security deposit required for the Wells Fargo Business Secured Credit Card is rather flexible, requiring between $500 and $25,000 in order to open the account. This offers some solid wiggle room, depending on how your business is performing financially. Just take care to pay your balance on time, as this card doesn't feature an intro APR period. This card isn't ideal for multiple employee cards, as each is subject to an additional annual fee.

Annual Fee	$0
Purchase APR	15.15% variable
Balance transfer APR	N/A
Welcome offer	N/A
Rewards	1.5% cash back on all purchases

Wells Fargo Business Platinum Credit Card

Finder Rating: 4.3 / 5

★★★★★

Credit recommended (670-850) Read review

670
Min. credit score

$0
Annual fee

Up to 1.5x
Points

$500
Welcome offer

• Info
• Pros & cons
• Details

For small business owners with annual sales up to $2 million, the Wells Fargo Business Platinum Credit Card could be a good fit. This card features solid reward opportunities, letting your business choose between cash back or points, and a solid signup bonus of $500 after you spend $3,000 within the first 3 months of account opening.

A standout benefit to this card lays in the intro APR period on purchases and balance transfers. Cardholders enjoy a 0% intro APR offer on both for the first 9 months of card membership, reverting to a variable APR of 11.24% to 21.24%. This intro APR is a handy tool for businesses in the middle of growing or looking to dig out of an expansion period.

Interestingly, you also won't have to worry about paying an annual fee with this card, which is a solid deal and in line with other intro APR business cards.

Annual Fee	$0
Purchase APR	0% intro for the first 9 months (then 11.24% to 21.24% variable)
Balance transfer APR	0% intro for the first 9 months (then 11.24% to 21.24% variable)
Welcome offer	$500 when you enroll in the rewards program and spend $3,000 in the first 3 months
Rewards	Choose 1.5% cash back or 1x points on all purchases

Wells Fargo Business Elite Signature Card

Finder Rating: 4.3 / 5

★★★★★

Credit recommended (740-850) Read review

740
Min. credit score

$125 ongoing
Annual fee

1.5%
Cash back

$1,000
Welcome offer

• Info
• Pros & cons
• Details

Larger business owners with annual sales over $1 million who often travel outside the country could find the Wells Fargo Business Elite Signature Card appealing. It comes with comprehensive online business support tools to help you manage your company spending, including Business Elite Online Reporting, a tool that lets you analyze spending by category and merchant.

As with all Wells Fargo business cards, you're entitled to a choice of rewards programs with enticing bonuses whether you opt for cash back or reward points, including a signup bonus of $1,000 or 100,000 points after you spend $25,000 in the first 3 months. The Wells Fargo Business Elite Signature Card also offers travel insurance and zero foreign transaction fees, making it solid among business travel cards.

Annual Fee	$0 intro annual fee for the first year ($125 thereafter)
Purchase APR	7.24% variable
Balance transfer APR	N/A
Welcome offer	$1,000 or 100,000 bonus points when you enroll in the rewards program and spend $25,000 in first 3 months
Rewards	1.5% cash back or 1x points on all purchases, plus 5,000 points after spending $10,000 or more in any monthly billing period

Not set on Wells Fargo? Take our quiz to find your next card.

Comparison of Wells Fargo business card features

How to compare Wells Fargo business credit cards

Each of Wells Fargo’s business cards are tailored for your company’s credit score and the size of your business. Give these factors some thought when searching for the right business card:

• Do you have a low credit score? For business owners with poor or no credit, the Wells Fargo Business Secured Credit Card is a good place to start. Although your credit line depends on your security deposit, it offers a chance to improve your credit history while earning rewards.
• How often do you travel? If your company travels frequently, you may find the Wells Fargo Business Elite Signature Card beneficial, as it offers travel and rental car insurance, emergency services and no foreign transaction fees.
• Does your company want to make a balance transfer? If you want to transfer an existing card balance from a non-Wells Fargo account, the Wells Fargo Business Platinum Credit Card is the only option that offers an intro APR period for balance transfers.
• Do you spend over $10,000 a month? If you’re spending five figures every month, then the Wells Fargo Business Elite Signature Card offers the best return in terms of rewards and cash back.

Why choose a Wells Fargo business credit card?

Wells Fargo business cards offer the standard array of perks and reward potential you’d want from a business card. Plus, Wells Fargo offers just three business cards, each tailored to a certain type of business. Some of the potential benefits include:

• Choice of rewards. All Wells Fargo business cards give you the choice of earning 1x reward points or 1.5% cash back on all purchases.
• Bonus reward points. You can earn additional bonus points for every $1 spent at participating Earn More Mall retailers. Plus, you’ll get a 10% bonus when you redeem your points online.
• No foreign transaction fees. Wells Fargo business cards don’t charge fees for purchases made overseas or at foreign websites. Other providers typically charge up to 3% per transaction, so this could be a fair amount of savings depending on how much you travel.
• Zero liability protection. All cards have built-in protection, which means you won’t be responsible for any unauthorized transactions.
• Business tools. All account holders have access to Wells Fargo Business Online, where you can manage spending, payments and transfers online. You can also leverage the Business Spending Report to manage your expenses.
• Employee cards. All three cards allow you to add employee cards, but the amount available and costs can vary.
• Customize your card. Impress clients with a customized card with Wells Fargo’s Card Design Studio Service.
• Overdraft protection. Avoid overdrafts and returned check fees by signing up for the Wells Fargo Business Online service.

Bottom line

When it comes to choosing between Wells Fargo credit cards, it’s really the size of your business and credit history that will dictate which is the best fit. The cards all offer the same rewards system, basic business tools and no foreign transaction fees, which many companies will find appealing.

But with a universal benefits system across all three cards, businesses with big travel expenses may find other providers offer higher reward returns per dollar.

As always, compare your business credit card options to find the one that best suits your needs.

Frequently asked questions

• What are the fees for late payments or returned checks?

  Wells Fargo doesn’t list these fees on its website, so they could vary depending on the card type.

• How long does it take to get approved for a Wells Fargo business credit card?

  Times can vary depending on your credit. Wells Fargo offers an application status tracking service, so you’re kept up to date on every step of the process.

• Do reward points expire?

  Yes. Points expire after three years, so make sure you redeem them in a timely fashion.

• Which Wells Fargo business cards have no annual fee?

  The Wells Fargo Business Platinum Credit Card has no annual card fee or annual rewards program fee. Meanwhile, the Wells Fargo Business Elite Signature Card has no annual card fee, but there’s a $75 rewards program fee that’s waived for the first year.