Wells Fargo Business Elite Signature Card

The Wells Fargo Business Elite Signature Card is a business card designed for small businesses with annual sales over $1 million. You can choose whether you want your signup bonus and rewards as cash back or as points. You can get up to 200 employee cards, and there are various spending controls you can add to the employee cards. There are some nice travel perks included, and the annual fee is waived for the first year. There are other business cards that earn at least 2% cash back with no annual fee, but if you have a lot of employees who need cards and you want some control over their spending, this card might work for you. We dive into the details in this Wells Fargo Business Elite review.

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Our Rating
4.5/5.0

Welcome Offer
$1,000

Annual Fee
$125

0% on Purchases
None

Rewards Rate
1.5% or 1x points

0% on Balance Transfers
None

Rewards

1.5% cash back

All eligible purchases

Earn 1.5% cash back for every dollar spent.

1x points

All eligible purchases

Or earn 1 point on every $1 spent and receive 5,000 bonus points when your company spend is $10,000 or more in any monthly billing period.

Signup Bonus

Earn $1,000 cash back bonus or 100,000 bonus points after you spend $25,000 on purchases in the first 3 months from account opening.

Pros & Cons

Pros

• Welcome bonus
• No foreign transaction fee

Cons

• Annual fee
• Requires good credit

Features & Benefits

Security	EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless Payments
Benefits	Extended Warranty Coverage, Purchase Protection, 24/7 customer service
Travel Perks	Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Trip Delay Reimbursement, Travel Accident Insurance, Trip Cancellation Insurance

Interest Rates & Fees

Annual Fee	$125, waived for the first year
Foreign Transaction Fee	None
Regular APR	10.99% (V) APR

What Are the Best Alternatives?

Ink Business Cash® Credit Card

Rating

4.9

Rewards Range

1%-5%

Annual Fee

$0

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American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

$0

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New Business Card! Ink Business Premier(SM) Credit Card

Rating

4.7

Rewards Range

2%-5%

Annual Fee

$195

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