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Wells Fargo Business Elite Signature Card review

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Advertiser Disclosure

Annual Fee
$125.00
Interest Rate: Purchases
11.99% (Variable)
Interest Rate: Purchases
11.99% (Variable)
Balance Transfer
-
Balance Transfer
-
Rewards
-
Rewards
-
Signup Bonus
$1,000 after spending $25,000
Signup Bonus
$1,000 after spending $25,000


7.8/10
Informr score
The Wells Fargo Business Elite Signature Card currently has an Informr score of 7.8 out of 10. This score is based on our evaluation of 8 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Wells Fargo Business Elite Signature Card is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Forbes
Forbes

For businesses that need plenty of employee cards with travel coverage included but also want to see some return on rewards, the Wells Fargo Business Elite Signature card may be the right option. The card offers the choice of how to earn rewards—as points or as cash back—that some may find attractiv...

- Chauncey Crail, Robin Saks Frankel, Forbes
FinanceBuzz
FinanceBuzz

The Wells Fargo Business Elite Signature Card is designed for businesses with over $1 million in annual sales. You won't qualify for this card if your business has under $1 million in annual sales. But truthfully, this probably isn’t one of the best business credit cards out there for small business...

- Danielle Letenyei, FinanceBuzz
MyBankTracker
MyBankTracker

The Wells Fargo Business Elite Signature Card is a card to consider if you’re looking for flexible rewards and you meet the $1 million annual sales minimum. The annual fee isn’t overwhelming and the introductory bonus could net you a sizable amount of rewards right away.

- Rebecca Lake, MyBankTracker
Fit Small Business
Fit Small Business

The Wells Fargo Business Elite Signature Card® is best for business owners who want to earn fixed-rate cash back or rewards points for all business-related purchases. It offers up to 200 free additional employee cards and other business perks.

- Tricia Tetreault, Fit Small Business
The Balance
The Balance

Offers employee expense management tools but only so-so rewards for a business card that charges an annual fee. What makes the card unique, however, is the option to choose between earning flat-rate cash back or more flexible rewards points.

- Dawn Papandrea, The Balance

Details


Interest Rates
Regular APR Interest Rate 11.99% (Variable)
Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate 28.74% (Variable)
Rates & Fees
Annual Fee $125.00
Balance Transfer Fee
Cash Advance Fee 4%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee 1.5%

Minimum of $39, maximum of $75

Late Payment Fee $75.00

Maximum

Promotions
Sign up bonus $1,000 after spending $25,000
  • On purchases within the first 3 months.
  • Or 100,000 bonus points after spending $25,000 on purchases within the first 3 months.
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Choose your rewards program between cash back and reward points.


Cash back

- Earn 1.5% for every $1 spent


Reward points

- Earn 1 point for every $1 spent

- Receive 5,000 bonus points when your company spend reaches $10,000 in any monthly billing period.

- Get a 10% bonus when you redeem points online.

- Earn extra bonus points or discounts from Earn More Mall retailers.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees Yes
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • Overdraft Protection
  • Trip cancellation/Trip interruption with weather
  • Trip delay reimbursement
  • Lost luggage coverage
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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