You can choose from three Wells Fargo business credit cards, including a cash back card, a card for businesses with $1 million in annual sales, and a card for building credit. These cards are best for businesses wanting to earn 1.5% cash back. The issuer also offers the top-rated secured business credit card.
Business owners may be interested in Wells Fargo credit cards because they earn fixed-rate rewards on all spending. This issuer’s cards also offer top introductory rewards on par with the best small business credit cards. Wells Fargo is also one of the few business credit card issuers that doesn’t report to personal credit bureaus.
Wells Fargo Business Cards at a Glance
|Businesses seeking robust employee spending controls|
|Owners seeking a no-annual-fee, fixed-rate rewards card|
|Owners looking to improve their personal credit|
Wells Fargo Business Elite Card®
Best For: Businesses with over $1 million in annual sales
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||Prime + 3.99% on purchases||$75 annual rewards program fee, waived the first year||Excellent|
The Wells Fargo Business Elite Card® is best for businesses needing many employee credit cards (up to 200). It comes with robust spending controls similar to what corporate credit cards offer. This card is ideal for owners who occasionally carry a balance because it charges one of the lowest annual percentage rates (APRs) available on the market.
The spending controls are quite flexible, allowing you to set dollar limits and category limits on purchases as well as limit employee spending to business hours only. The Wells Fargo Business Elite Card® also comes with several free benefits, such as car rental insurance and purchase protection. Learn more about this card in our full Wells Fargo Business Elite Card® review.
Wells Fargo Business Platinum Credit Card
Best For: Choosing cash-back or points rewards with no annual fee
|Intro APR ?0% APR for nine months on purchases and balance transfers||Regular APR||Annual Fee||Credit Needed|
|0%||12.74% - 22.74% Variable||$0||Excellent|
The Wells Fargo Business Platinum Credit Card is best for owners who want to earn fixed-rate rewards without having to pay an annual fee. It offers a decent introductory 0% interest period on purchases and balance transfers and introductory rewards equal to what the best cash back business cards offer.
Employee credit cards are free, and you can add up to 99 cards. The Wells Fargo Business Platinum Credit Card also comes with purchase security, which protects items you purchased with your card against damage or theft for 90 days. Coverage is limited to $10,000 per item. Learn more about this card in our full Wells Fargo Business Platinum Credit Card review.
Wells Fargo Business Secured Credit Card
Best For: Business owners with poor credit
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||Prime + 11.90% on purchases||$25 per card||N/A|
We recommend the Wells Fargo Business Secured Credit Card as the best secured business credit card. It’s our top pick because it’s the only nationally available secured business card, it’s cheaper to own than other options, and it offers a higher credit limit than many other secured cards.
Wells Fargo reports your spending and payment history to both personal and business credit bureaus, which will help improve your credit score through responsible use. Plus, Wells Fargo offers fixed-rate rewards on all spending, which is rare for a secured credit card, and promises periodic reviews of your account and recent credit history to see if you qualify for an unsecured credit card. Learn more about this card in our full Wells Fargo Business Secured Credit Card review.
Choosing the Right Wells Fargo Business Credit Card
Business owners with an existing relationship with Wells Fargo, who need to repair their business credit, or who want a very low ongoing annual percentage rate should consider Wells Fargo business credit cards. You can get business credit cards from Wells Fargo that offer decent ongoing rewards, charge low interest rates, and help improve bad credit.
The types of Wells Fargo business credit cards that are available to business owners are:
- Fixed-rate cash back rewards cards: Owners can earn cash back on their business-related purchases; most fixed-rate cards offer rewards of 1% to 2% on all purchases; the best cash back business credit cards offer better rewards than you’ll find on a Wells Fargo small business credit card
- Low-interest credit cards: The best low-interest credit cards offer long introductory 0% APR periods on purchases and balance transfers or very low ongoing APRs; Wells Fargo offers a card with an average introductory APR offer and a card with one of the best ongoing APRs on the market
- Secured credit cards: A secured business credit card is designed for business owners with credit scores below 579; the credit limit on a secured credit card is usually equal to the cash deposit held in a collateral account; Wells Fargo’s business secured credit card is the best available because it charges a modest annual fee and offers ongoing rewards
When evaluating Wells Fargo’s small business credit cards, look for the features that will best benefit your business. Wells Fargo offers cards that can help you save money on interest payments, earn rewards that you can put back into your business, or build your personal credit so you can graduate to an unsecured credit card.
What Wells Fargo Business Credit Cards Are Missing
The fixed-rate returns on Wells Fargo business credit cards are lower than what other rewards credit cards offer, with the exception of the Wells Fargo Business Secured Credit Card. What’s more, Wells Fargo doesn’t offer a card that earns category bonuses or rewards for travel.
The best of this type of small business credit card offers up to 5% cash back or five points/miles per dollar spent. Consider the Chase Ink Business CashSM card, which offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on telecommunications services each account anniversary year
Wells Fargo Business Credit Card User Reviews
In searching the web for Wells Fargo business credit card reviews, we found that cardholders hold mixed opinions about the issuer. Satisfied users say they like being able to earn fixed-rate rewards on all spending. Still, unhappy users say Wells Fargo pays lower ongoing rewards than what other credit cards offer.
Alternatives to Wells Fargo Business Credit Cards
If fixed-rate rewards appeal to you, there are higher-paying options than what Wells Fargo offers. There are five Capital One business credit cards that offer fixed-rate rewards, including several that pay a higher rate than Wells Fargo. Consider the Capital One® Spark® Cash for Business, which pays 2% cash back on all spending.
Wells Fargo offers three small business credit cards that cater to business owners who want to earn fixed-rate rewards on all spending. The cards offer a mix of annual fees and introductory and ongoing APRs. Wells Fargo business credit card reviews find the best card for your firm depends on which credit card features will benefit you the most, such as the introductory and ongoing rewards and the interest rate offered.
Before deciding whether a Wells Fargo small business credit card is right for you, make sure you compare this issuer’s cards with what other card companies offer. Our Credit Card Marketplace is a great starting point to compare the best small business credit cards.