Compare Wells Fargo business credit cards

Wells Fargo has kept it simple by limiting its business card offerings to three choices. With a universal rewards program across all cards, it’s easier to choose based on the size of your business and what your credit history will allow.

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 points for every 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
Estimated welcome offer value
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 to1.5x
Points

$300
Points 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 $300 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	$300 when you enroll in the rewards program and spend $3,000 in the first 3 months
Estimated welcome offer value
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

$500
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 $500 or 50,000 points after you spend $15,000 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	$500 or 50,000 bonus points when you enroll in the rewards program and spend $15,000 in first 3 months
Estimated welcome offer value
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

Comparison of Wells Fargo business card features

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.