Wells Fargo Signify Business Cash® Card
- Best for: Business owners who buy mostly in the U.S. and want one rate on everything
- What Sets It Apart: An uncapped flat 2% that asks for no annual fee or banking relationship
- Welcome Offer: $500 for spending $5,000 on purchases in the first 3 months
- Rewards: 2% cash rewards on every business purchase; no categories or cap
- Features: Free employee cards with spending limits; Priority Pass membership, paying for each lounge visit; rental car coverage; $250,000 travel accident insurance; rewards as a statement credit, gift cards, travel, or a donation
- Annual Fee: $0
- Intro APR: 0% for 12 months on purchases
- APR: 16.99% to 24.99% variable
- Cost: 3% foreign transaction fee; cash advance fee of $10 or 5%, whichever is greater; late fee up to $40
- Eligibility: No Wells Fargo account needed; a business tax ID only if the business has one; details on each owner of 25% or more
- Pros: Uncapped 2%; free employee cards that earn 2%; rewards don’t expire while the account is open; rental car and travel accident coverage
- Cons: 3% foreign transaction fee; no bonus categories; no purchase, warranty, or cell phone protection; the owner personally liable for every charge
Get the Wells Fargo Signify Business Cash® Card if your business buys mostly in the U.S. It pays 2% cash rewards on every business purchase, with no cap or annual fee. Abroad, its 3% foreign transaction fee costs more than the 2% you earn, so use a card without that fee for those purchases.
The card is a Mastercard for small businesses that would rather earn one flat rate than track bonus categories. A business with no tax ID of its own can apply with the owner’s Social Security number, and Wells Fargo also asks for details on each person who owns 25% or more of it.
Key Features
- 2% cash rewards on every business purchase, with no categories or cap
- $500 bonus for spending $5,000 on purchases in the first 3 months
- Interest of 0% for 12 months on purchases, then a variable rate of 16.99% to 24.99%
- $0 annual fee, but a 3% fee on purchases in a foreign currency
- Rewards taken as a statement credit, gift cards, travel, or a charitable donation
Pros
- The full 2% however much the business spends
- Free employee cards that earn 2% too, with spending limits and alerts
- No Wells Fargo bank account required
- Rewards that don’t expire while the account is open
- Rental car coverage and up to $250,000 in travel accident insurance
Cons
- A 3% foreign transaction fee, more than the 2% those purchases earn
- No bonus categories, so a card paying 3% in one category earns more when the purchases it pays 3% on add up to more than the ones it pays 1% on
- No purchase protection, extended warranty, or cell phone protection
- Personal liability for every charge, employee cards included
A business that buys mostly in the U.S. earns 2% on all of it here, while the American Express Blue Business Cash drops to 1% after the first $50,000 of purchases each year. One that buys abroad saves the 3% fee with Bank of America’s Business Advantage Travel Rewards, and one whose spending centers on a single category can earn more with its Business Advantage Customized Cash Rewards.
Learn more about the Wells Fargo Signify Business Cash® Card or see how it compares to the best small business credit cards.
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