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Launched in May 2024, Wells Fargo’s Signify Business Cash℠ Card is a small business bank card that provides 2% money back on purchases while charging an annual fee. It will probably be available to recent and existing customers in any respect Wells Fargo branches starting in mid-May. However, existing Wells Fargo customers can apply online immediately. What follows is a transient summary of what it has to supply.
New Wells Fargo Signify Business Cash bank card details
If your application for the Wells Fargo Signify Business Cash Card is approved, you’ll have the chance to receive the next welcome bonus: $500 money reward bonus once you make $5,000 in purchases in the primary three months.
Get unlimited 2% cashback on on a regular basis spending. Whether you are buying supplies, ordering lunch to your employees, or booking a flight to a conference, this card offers you a flat 2% money back on every purchase. There aren’t any caps on how much you’ll be able to earn and also you haven’t got to maintain track of which bonus categories bring additional rewards.
Customers have quite a few redemption options through the Wells Fargo Business Rewards program. Redeem your rewards for credits to your bank card statement, direct deposits to your Wells Fargo checking or savings account, travel reservations, gift cards and more.
Wells Fargo recently introduced the power to transfer points to airline and hotel partners in coordination with the launch of the Wells Fargo Autograph Journey℠ Visa® Card. However, rewards earned with the Wells Fargo Signify Business Cash card can’t be transferred to partners.
Wells Fargo Autograph Journey℠ Visa® Card
Introductory bonus
Earn 60,000 bonus reward points after spending $4,000 in the primary three months
| annual fee | $95 |
| Regular APR | See conditions |
The Wells Fargo Signify Business Cash card also offers an introductory APR of 0% for 12 months from the date of account opening, after which a variable APR of 18.49%-26.49% applies.
Other Benefits of the Wells Fargo Signify Business Cash Credit Card
In addition to cashback rewards, cardholders benefit from the following advantages:
- Primary insurance for rental cars.
- Priority Pass membership (note that airport lounge fees apply).
- Reimbursement for delayed baggage.
- No annual fee.
- Employee cards at no additional cost.
- No liability protection.
- Free account alerts.
- Access to digital wallets.
Should you apply for the Wells Fargo Signify Business Cash Credit Card?
The Wells Fargo Signify Business Cash Credit Card is a wonderful selection for business owners who desire a flat-fee money back card with a $0 annual fee. Since you get unlimited 2% money back on every purchase, there is no need to recollect bonus categories or activate time-limited offers. Additionally, there aren’t any caps on how much you’ll be able to earn. Whether your enterprise desires to spend $5,000 or $100,000 a yr, this card offers worthwhile money back to partially offset purchases it’s essential to make anyway.
However, the Signify Business Cash Card doesn’t offer a cashback bonus for normal business purchases. Some business owners will want to maximize their rewards by selecting a card with bonus categories tailored to where they spend probably the most every month.
Additionally, this card doesn’t offer airline or hotel transfer partners. If you are on the lookout for a more travel-focused card and are not averse to a modest annual fee, Chase’s Ink Business Preferred® Credit Card offers worthwhile transfer partners and robust travel protection and costs $95 per yr to hold.
Ink Business Preferred® Credit Card
Introductory bonus
Earn 100,000 points after spending $8,000 in the primary three months of card opening
| annual fee | $95 |
| Regular APR | 21.24%-26.24% variable |
Taking that away
Many 2% money back bank cards for business owners include an annual fee or restriction. For example, the American Express Blue Business Cash™ Card offers 2% money back on all eligible purchases as much as $50,000 per calendar yr (then 1%). Or consider Capital One Spark Cash Plus, which has a $150 annual fee. The Wells Fargo Signify Business Cash Credit Card beats this competition with a generous flat rewards rate on all spending and no annual fee that affects your earnings.
There could also be higher options if you desire to get the next rate in certain bonus categories, or should you travel incessantly for business and wish a card that generates rewards that you may use with airlines and hotel chains. But for small business owners who just desire a hassle-free refund, this recent card from Wells Fargo is just the ticket. Additionally, if it’s essential to make a big purchase, the Signify Business Cash card is a pretty financing option due to the introductory APR on purchases and the welcome bonus that recent cardholders can receive.
For details about American Express Blue Business Cash™ rates and charges, seethis page
Please note that map details are accurate as of the date of publication but are subject to vary at any time on the publisher’s discretion. Please contact the cardboard issuer to confirm rates, fees and advantages before applying.
Fortune Recommends™ has partnered with CardRankings to cover our bank card products. Fortune Recommends™ and CardRankings may receive commission from card issuers.
Please note that map details are accurate as of the date of publication but are subject to vary at any time on the publisher’s discretion. Please contact the cardboard issuer to confirm rates, fees and advantages before applying.
Eligibility and profit levels vary depending on the cardboard. Terms and conditions and restrictions apply. For more information, see the guide at americanexpress.com/advantages. Underwritten by Amex Assurance Company.
