Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

Wells Fargo Business Elite Signature Card review

Compare Compare  
Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
11.49% (Variable)
Interest Rate: Purchases
11.49% (Variable)
Balance Transfer
Balance Transfer
Signup Bonus
$1,000 after spending $25,000
Signup Bonus
$1,000 after spending $25,000

Informr score
The Wells Fargo Business Elite Signature Card currently has an Informr score of 7.6 out of 10. This score is based on our evaluation of 6 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...


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

While the Wells Fargo Elite Business Elite Signature card offers respectable rewards, especially in the form of cash-back, the card has a number of drawbacks that put it at a competitive disadvantage with many competitors.

- Kat Tretina, Investopedia
Doctor Of Credit
Doctor Of Credit

The card itself isn’t worth keeping long term as there are lots of other cards with no annual fee that earn at a higher rate than 1.5% cash back but this could be a good option for businesses with $1 million+ in sales to just get the sign up bonus.

- William Charles, Doctor Of Credit


Interest Rates
Regular APR Interest Rate 11.49% (Variable)
Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate 28.24% (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


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.
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
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with Wells Fargo Business Elite Signature Card

Rate It: