Wells Fargo Business Elite Signature Card

Editor’s Note: This card is no longer available; Wells Fargo anticipates launching a new business credit card in the near future.

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.

Wells Fargo Business Elite

Our Rating

4.5/5.0

Welcome Offer

1000

Annual Fee

$0 first year, and then $125

0% on Purchases

Reward Rate

1.5% or 1x points

0% on Balance Transfers

Welcome Offer

Earn a one-time $1,000 cash back bonus or 100,000 bonus points when you spend $25,000 in the first three months after account open date.

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless Payments
BenefitsExtended Warranty Coverage, Purchase Protection, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Trip Delay Reimbursement, Travel Accident Insurance, Trip Cancellation Insurance

Rewards

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.
1.5% cash back
All eligible purchases
Earn 1.5% cash back for every dollar spent.

Interest Rates & Fees

Annual Fee$0 first year, and then $125
Foreign Transaction FeeNone
Regular APR11.99% (V) APR

Pros & Cons

Pros
  • Welcome offer
  • No foreign transaction fee
Cons
  • Annual fee
  • Requires good credit

What Are the Best Alternatives?

Ink Business Cash® Credit Card
Ink Business Cash® Credit Card

Rating

4.8

Rewards Range

1%-5%

Annual Fee

$0

The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

No annual fee

Ink Business Premier℠ Credit Card
Ink Business Premier℠ Credit Card

Rating

4.9

Rewards Range

2%-5%

Annual Fee

$195

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