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You are here: Home / Credit Cards / Wells Fargo Business Elite Signature Card

Wells Fargo Business Elite Signature Card

November 28, 2022 by Gail Kellner

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 Signature Card
Learn More
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

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

Interest Rates & Fees

Annual Fee$125, waived for the first year
Foreign Transaction FeeNone
Regular APR10.99% (V) APR

What Are the Best Alternatives?

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

Rating

4.9

Rewards Range

1%-5%

Annual Fee

$0

Read Review
American Express Blue Business Cash™ Card
American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

$0

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

Rating

4.7

Rewards Range

2%-5%

Annual Fee

$195

Read Review

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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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