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The Wells Fargo Business Elite Signature Card® is an all-encompassing credit card for those who want to live the high life. With this card, users can enjoy a higher level of luxury from flights and hotels to destination weddings without having to pay any extra fees or interest rate charges.
The “wells fargo business elite signature card limit” is a credit card that offers a lot of benefits for the Wells Fargo Business Elite customers.
The Wells Fargo Business Elite Signature Card® is a great cash back rewards card that doesn’t have any minimum spending requirements. This option is appropriate for businesses that have monthly costs of $10,000 or more. This credit card for small businesses comes with a number of extra features, including spending limits, cash management tools, and online reporting tools.
SignatureCard® from Wells Fargo Business Elite
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Businesses having yearly revenues of more than $1 million
Apply Now
On the Safe Website of Wells Fargo
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APR on a regular basis
Prime members get a 3.99 percent discount on all purchases.
a yearly fee
The first year of the $75 yearly rewards program cost is free.
- When you enlist in the Business Elite Card Rewards Program and spend $15,000 within the first three months of account opening, you’ll get a one-time $1,000 cash back incentive or 100,000 bonus points. For the first year, the $75 annual rewards program cost is waived.
- Get 1.5 percent cash back on every dollar you spend.
- Earn 1 point for every $1 spent, with a bonus of 5,000 points if your firm spends $10,000 or more in any monthly billing period.
- There are no international transaction fees.
- Employee cards (up to 200)
- Options for paying your bills
- Reporting tool for businesses online
- There is no extra card cost.
Pros
- Low annual percentage rate (APR)
- Employee cards are available for free in quantities of up to 200.
- Controls on spending
Cons
- There is no preamble. APR
- There are no additional category awards available.
- Online applications are not accepted.
- Controls on spending: Set transaction limits, time limits, and spending category restrictions on any employee card.
- Company Elite Online Reporting: Easily review and monitor business data and spending patterns with Online Business Elite Reporting.
- Collision Damage Waiver for Car Rentals: When you waive the rental car merchant’s insurance, you get coverage for stolen or damaged rental cars up to the cash value of the vehicle.
- Purchase Security: Have products that were damaged or stolen within 90 days of purchase fixed or replaced, or receive compensated for the item’s worth, up to $10.00 per claim and $50,000 per year.
- Extended Warranty Protection: For warranties of three years or less, Visa will double the duration of warranty protection granted by the manufacturer, up to one year.
- Cardholders, their spouses, and dependents have free access to emergency, medical, travel, and legal support 24 hours a day, seven days a week.
APR on a regular basis
Prime members get a 3.99 percent discount on all purchases.
a yearly fee
The first year of the $75 yearly rewards program cost is free.
- When you enlist in the Business Elite Card Rewards Program and spend $15,000 within the first three months of account opening, you’ll get a one-time $1,000 cash back incentive or 100,000 bonus points. For the first year, the $75 annual rewards program cost is waived.
- Get 1.5 percent cash back on every dollar you spend.
- Earn 1 point for every $1 spent, with a bonus of 5,000 points if your firm spends $10,000 or more in any monthly billing period.
- There are no international transaction fees.
- Employee cards (up to 200)
- Options for paying your bills
- Reporting tool for businesses online
- There is no extra card cost.
Here’s the link to the full editorial review.
Pros
- Low annual percentage rate (APR)
- Employee cards are available for free in quantities of up to 200.
- Controls on spending
Cons
- There is no preamble. APR
- There are no additional category awards available.
- Online applications are not accepted.
- Controls on spending: Set transaction limits, time limits, and spending category restrictions on any employee card.
- Company Elite Online Reporting: Easily review and monitor business data and spending patterns with Online Business Elite Reporting.
- Collision Damage Waiver for Car Rentals: When you waive the rental car merchant’s insurance, you get coverage for stolen or damaged rental cars up to the cash value of the vehicle.
- Purchase Security: Have products that were damaged or stolen within 90 days of purchase fixed or replaced, or receive compensated for the item’s worth, up to $10.00 per claim and $50,000 per year.
- Extended Warranty Protection: For warranties of three years or less, Visa will double the duration of warranty protection granted by the manufacturer, up to one year.
- Cardholders, their spouses, and dependents have free access to emergency, medical, travel, and legal support 24 hours a day, seven days a week.
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How Do We Determine Which Cash Back Business Credit Cards Are Best?
When grading cash back business credit cards like the Wells Fargo Business Elite Signature Card®, we give the most consideration to the card’s ongoing rewards. We also look at introductory rewards and consider the card’s a yearly fee, features, and introductory and ongoing annual percentage rates (APRs).
Who Should Use the Wells Fargo Business Elite Signature Card®?
- Owners of businesses that desire a set of incentives for all purchases: Regardless of spending categories, the Wells Fargo Business Elite Signature Card® delivers fixed-rate rewards points or cash back on all business-related expenditures.
- Businesses that spend more than $10,000 per month: If your firm spends at least $10,000 in qualifying purchases in a month, you’ll get 5,000 extra points with the Wells Fargo Business Elite Signature Card®.
Fees on the Wells Fargo Business Elite Signature Card®
- APR for the first time: None
- Prime rate + 3.99 percent is the ongoing APR.
- a yearly fee: $125, waived the first year
- Fees for balance transfers vary per account.
- Fees for international transactions: none
- Cash advance fee: 4% or $10, whichever is higher; cash advance APR is prime + 20.74 percent.
Rewards from the Wells Fargo Business Elite Signature Card®
- Earn 1.5 percent cash back on all net purchases, or 1 point for every $1 spent on net purchases, plus 5,000 additional points if your firm spends $10,000 in any monthly billing period.
- Spend $15,000 in eligible purchases in the first three months after opening an account to get a $500 cash back bonus or 50,000 bonus points.
You may opt to earn cash back or rewards points with the Wells Fargo Business Elite Signature Card®. Each quarter, your cash back will be immediately credited to your statement or qualified checking or savings account. You may use your reward points to buy gift cards, goods, airline tickets, and more if you want to earn them.
You’ll earn a 10% point credit when you redeem your points online. If you choose to redeem from Earn More Mall® stores, you may earn additional bonus points or discounts. It’s worth noting that there’s a $24 redemption charge when redeeming points for airline tickets.
Features of the Wells Fargo Business Elite Signature Card®
Controls on spending
Wells Fargo allows you to set Controls on spending on your employee credit cards. The available controls include transaction limits―which set specific dollar limits on purchases―time limits to limit employee spending to business hours only, and category limits―which restrict employees to purchases in specific categories only. You may set the Controls on spending upon card application or at any time by contacting Wells Fargo Business Signature Elite Card® customer service at (800) 231-5511.
Online Business Elite Reporting
With the Online Business Elite Reporting tool, you can view and analyze transactions, allowing you to identify spending patterns and manage your business expenses. You can filter transactions by date, cardholder name, or amount, and export the results to your accounting software.
Collision Damage Waiver for Car Rentals
If you hire a vehicle using your Wells Fargo business credit card, you’ll be protected if there’s an accident, vandalism, or theft within 31 days or fewer. If the car is being rented for business reasons, coverage is primary, which means you won’t need to utilize your own auto insurance or accept the rental agency’s insurance. Up to the monetary worth of the car, you may be repaid for expenditures incurred as a consequence of damage or loss. Vehicles that are both economical and luxurious, vans that seat eight or fewer passengers, and SUVs that are exclusively driven on the road are all eligible. Trucks, cargo vans, and other high-end or exotic automobiles such as Alfa Romeo, Aston Martin, Rolls Royce, and Tesla are not covered.
Security of Visa Purchases
Within 90 days of purchase, Visa may repair, replace, or refund you for anything damaged or stolen using your credit card. Purchase security covers eligible purchases paid solely with your Visa Business card up to $10,000 per item, with a maximum of $50,000 per year. The coverage excludes animals, live plants, collectibles, motorized vehicles, computer software, jewelry, and things for resale.
Extended Warranty Coverage with Visa
On warranties of three years or less, Visa will extend the original manufacturer’s guarantee by up to one year, up to a maximum of $10,000 per claim. The purchase must be made with your Wells Fargo Business Signature Elite Card® to be eligible for this protection. Motorized vehicles, real estate, medical equipment, computer software, resale commodities, and preowned items are all excluded from the coverage.
Assistance with Travel and Emergencies
The cardholder, their spouse, and dependent children 22 years of age or under get 24-hour travel, emergency, medical, and legal help from Visa. The phone number is toll-free. You will, however, be liable for any costs associated with such help. If you’re in the United States, contact (800) 992-6029 for assistance; if you’re traveling elsewhere, use one of Visa’s toll-free lines.
Wells Fargo Design Studio is a design studio that works with Wells Fargo.
By submitting a picture to Wells Fargo’s online studio, you may personalize the look of your Wells Fargo Business Elite Signature Card®. Your company logo, storefront, product line picture, or anything else that identifies your company may be included in the image.
Pros & Cons Explained
Wells Fargo Business Elite Signature Card® Advantages
- Low annual percentage rate (APR): The Wells Fargo Business Elite Signature Card® offers one of the lowest ongoing APRs, which is the prime rate plus 3.99%. This is best for businesses that have huge monthly expenses and aren’t sure if they can pay their balance in full every month.
- Employee cards are available for free in quantities of up to 200.: With the Wells Fargo Business Elite Signature Card®, you can get up to 200 employee credit cards for free, making it a great choice for businesses that cannot qualify for or don’t want a corporate credit card.
- Controls on spending: The Wells Fargo Business Elite Signature Card® allows you to assign Controls on spending for your employee cards to ensure that all transactions are business-related and within the approved limits. You can assign controls when you apply or call the dedicated customer service team anytime.
The Wells Fargo Business Elite Signature Card® has certain drawbacks.
- There is no preamble. APR: The Wells Fargo Business Elite Signature Card® doesn’t offer a 0% introductory APR, which may be a drawback for those who plan to make a large purchase.
- There are no additional category awards available.: The Wells Fargo Business Elite Signature Card® offers fixed-rate rewards on all categories, which means there are no bonus category rewards. This may be a disadvantage for businesses that usually spend on specific categories.
- There isn’t an online application available: Call Wells Fargo’s helpline at 1-844-807-5060 to make an appointment to apply for the Wells Fargo Business Elite Signature Card®. Currently, the online application is unavailable.
Alternatives to the Wells Fargo Business Elite Signature Card®
Business Capital One® Spark Miles®
The Capital One® Spark® Business Miles is a great option if you need a travel credit card with a low a yearly fee. This card offers unlimited 2x miles on every business-related purchase, which is slightly higher than the rewards offered by the Wells Fargo Business Elite Signature Card®.
Capital One® Spark® Business Miles
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Every swipe earns you 2x miles.
Apply Now
on Capital One® Spark® Business Miles’s secure website.
Compare with
APR on a regular basis
20% (20.99%) (Variable)
a yearly fee
For the first year, there is no charge; after that, it is $95 each year.
Credit is required.
Excellent, Good
- After spending $4,500 in the first three months, you’ll get a $500 trip incentive.
- 2 kilometers for every $1 invested
- Employee cards may be distributed for free.
Pros
- There are no international transaction fees.s
- Credit for TSA Pre® or Global Entry application fees
Cons
- You’ll pay an a yearly fee after the first year
- Doesn’t provide interest-free credit.
- Once every four years, you’ll get a $100 statement credit for Global Entry or a $85 statement credit for TSA Pre® airport security screening.
- Most purchases bought solely with your card are protected if they are destroyed or stolen within 90 days of the purchase date. The amount of coverage is capped at $10,000 per claim and $50,000 per cardholder account per year.
- On most things you buy, extended warranty coverage doubles the original guarantee duration and duplicates the coverage of the original manufacturer’s warranty for a maximum of 12 months.
- Medical referrals if you have a medical emergency while traveling: If you suffer a medical emergency while traveling, provide recommendations to medical assistance. If you’re 100 miles or more from home, you’re protected from the time you depart until midnight on the 60th day of your vacation, or until you return to your home city, whichever comes first.
APR on a regular basis
20% (20.99%) (Variable)
a yearly fee
For the first year, there is no charge; after that, it is $95 each year.
Credit is required.
Excellent, Good
- After spending $4,500 in the first three months, you’ll get a $500 trip incentive.
- 2 kilometers for every $1 invested
- Employee cards may be distributed for free.
Pros
- There are no international transaction fees.s
- Credit for TSA Pre® or Global Entry application fees
Cons
- You’ll pay an a yearly fee after the first year
- Doesn’t provide interest-free credit.
- Once every four years, you’ll get a $100 statement credit for Global Entry or a $85 statement credit for TSA Pre® airport security screening.
- Most purchases bought solely with your card are protected if they are destroyed or stolen within 90 days of the purchase date. The amount of coverage is capped at $10,000 per claim and $50,000 per cardholder account per year.
- On most things you buy, extended warranty coverage doubles the original guarantee duration and duplicates the coverage of the original manufacturer’s warranty for a maximum of 12 months.
- Medical referrals if you have a medical emergency while traveling: If you suffer a medical emergency while traveling, provide recommendations to medical assistance. If you’re 100 miles or more from home, you’re protected from the time you depart until midnight on the 60th day of your vacation, or until you return to your home city, whichever comes first.
Business Platinum® by American Express
The American Express Company Platinum Card®, which gives premium rewards points on travel and hotel reservations as well as travel benefits, may be a better alternative for business owners that travel regularly. It also gives over $1,000 in statement credits for qualified purchases, including as Dell, Indeed, Adobe, and cellular phone service purchases.
American Express’s Business Platinum Card®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Obtaining unparalleled travel rewards and luxury travel benefits such as access to airport lounges
Apply Now
on American Express’s Business Platinum Card®’s secure website.
Compare with
Intro APR
See the APR (Annual Percentage Rate) for Pay Over Time.
APR on a regular basis
Variable 14.49 percent – 22.49 percent
Credit is required.
Good, Excellent
- Spend $15,000 on qualifying purchases with your Card during the first three months of Card membership to earn 120,000 Membership Rewards® points.
- Plus, for purchases qualifying for Pay Over Time, there’s a 0% Intro APR for the first 12 months from the day the account is opened. Then, depending on your creditworthiness and other characteristics established at the time of account establishment, your APR will range from 14.49 percent to 22.49 percent.
- On amextravel.com, earn 5X Membership Rewards® points on flights and prepaid hotels, and 1X points for every dollar spent on qualifying products.
- Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Get up to $1,000 in statement credits each year with your Card on certain purchases, including up to $400 with Dell Technologies, $360 with Indeed, $150 with Adobe, and $120 on cellular phone purchases. It is necessary to enroll.
- $200 Airline Fee Credit: Earn up to $200 in statement credits each calendar year at one qualified airline for baggage fees and other expenses.
- $179 CLEAR® Credit: Use your Card to earn up to $179 off your CLEAR® membership each year.
- At the airport, the American Express Global Lounge Collection® may offer a welcome respite. As of 9/2021, you have more lounge location possibilities than any other credit card on the market, with over 1,400 airport lounges in 140 countries and counting.
- $695 a yearly fee.
- Terms and Conditions apply.
Pros
- Travel rewards of the highest quality
- Free access to over 1,300 airport lounges across the globe
- There are no international transaction fees.s
Cons
- The balance is required in full every month.
- High a yearly fee
- American Express lounges: Free admission to American Express’ Centurion lounges, which are available in little over a dozen US airports.
- Other airport lounges: Priority Pass Select membership, which grants you and two guests free access to over 1,300 lounges worldwide.
- A $100 statement credit for Global Entry every four years or a $85 statement credit for TSA Pre® every four and a half years for airport screening.
- Up to $200 in yearly statement credit on air travel expenditures like as baggage fees and in-flight food and beverage.
- Rental status: At a number of automobile rental businesses, you have elite status.
- Free Wi-Fi: ten free Gogo in-flight Wi-Fi passes each year.
- Rebate for redeemed points: If you book a business or first-class flight, you’ll get a 35 percent points rebate, up to 500,000 extra points every calendar year.
- Dell statement credit: For Dell purchases, you may get up to $400 in statement credits each year.
Intro APR
See the APR (Annual Percentage Rate) for Pay Over Time.
APR on a regular basis
Variable 14.49 percent – 22.49 percent
Credit is required.
Good, Excellent
- Spend $15,000 on qualifying purchases with your Card during the first three months of Card membership to earn 120,000 Membership Rewards® points.
- Plus, for purchases qualifying for Pay Over Time, there’s a 0% Intro APR for the first 12 months from the day the account is opened. Then, depending on your creditworthiness and other characteristics established at the time of account establishment, your APR will range from 14.49 percent to 22.49 percent.
- On amextravel.com, earn 5X Membership Rewards® points on flights and prepaid hotels, and 1X points for every dollar spent on qualifying products.
- Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Get up to $1,000 in statement credits each year with your Card on certain purchases, including up to $400 with Dell Technologies, $360 with Indeed, $150 with Adobe, and $120 on cellular phone purchases. It is necessary to enroll.
- $200 Airline Fee Credit: Earn up to $200 in statement credits each calendar year at one qualified airline for baggage fees and other expenses.
- $179 CLEAR® Credit: Use your Card to earn up to $179 off your CLEAR® membership each year.
- At the airport, the American Express Global Lounge Collection® may offer a welcome respite. As of 9/2021, you have more lounge location possibilities than any other credit card on the market, with over 1,400 airport lounges in 140 countries and counting.
- $695 a yearly fee.
- Terms and Conditions apply.
Pros
- Travel rewards of the highest quality
- Free access to over 1,300 airport lounges across the globe
- There are no international transaction fees.s
Cons
- The balance is required in full every month.
- High a yearly fee
- American Express lounges: Free admission to American Express’ Centurion lounges, which are available in little over a dozen US airports.
- Other airport lounges: Priority Pass Select membership, which grants you and two guests free access to over 1,300 lounges worldwide.
- A $100 statement credit for Global Entry every four years or a $85 statement credit for TSA Pre® every four and a half years for airport screening.
- Up to $200 in yearly statement credit on air travel expenditures like as baggage fees and in-flight food and beverage.
- Rental status: At a number of automobile rental businesses, you have elite status.
- Free Wi-Fi: ten free Gogo in-flight Wi-Fi passes each year.
- Rebate for redeemed points: If you book a business or first-class flight, you’ll get a 35 percent points rebate, up to 500,000 extra points every calendar year.
- Dell statement credit: For Dell purchases, you may get up to $400 in statement credits each year.
Chase Ink Business Cash® is a brand of Chase Ink.
The Chase Ink Business Cash® is a brand of Chase Ink. card is a good alternative for office-based businesses. It offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year.
Credit Card Ink Business Cash®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Businesses that are headquartered in an office and wish to earn a lot of money back
Apply Now
Chase’s Protected Website
Compare with
Intro APR
0% On purchases, there is an introductory APR.
APR on a regular basis
Variable 13.24 percent – 19.24 percent
- After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
- Each account anniversary year, get 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, and phone services.
- Each account anniversary year, get 2% cash back on the first $25,000 spent in combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cash back.
- Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
- You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
- No a yearly fee
- With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
- On purchases, there is a 0% introductory APR for the first 12 months.
Pros
- Spending on office supplies reaps the most benefits.
- On purchases, there is an introductory APR.
- Sign-up bonus in cash
Cons
- Balance transfers are not eligible for the 0% APR.
- A 5% balance transfer fee is charged.
- Designed mostly for office-based businesses.
- Collision Damage Waiver for Car Rentals: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
- On qualified warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.
Intro APR
0% On purchases, there is an introductory APR.
APR on a regular basis
Variable 13.24 percent – 19.24 percent
Credit is required.
Good, Excellent
- After spending $7,500 on purchases in the first three months after creating your account, you’ll get a $750 extra cash back.
- Each account anniversary year, get 5% cash back on the first $25,000 spent in combined purchases at office supply retailers and on internet, cable, and phone services.
- Each account anniversary year, get 2% cash back on the first $25,000 spent in combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cash back.
- Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
- You won’t be held liable for fraudulent charges made using your card or account information if you have Zero Liability.
- No a yearly fee
- With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
- On purchases, there is a 0% introductory APR for the first 12 months.
Pros
- Spending on office supplies reaps the most benefits.
- On purchases, there is an introductory APR.
- Sign-up bonus in cash
Cons
- Balance transfers are not eligible for the 0% APR.
- A 5% balance transfer fee is charged.
- Designed mostly for office-based businesses.
- Collision Damage Waiver for Car Rentals: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the United States and abroad.
- Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
- On qualified warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.
Conclusion
For company owners who wish to earn fixed-rate cash back or rewards points on all business-related expenditures, the Wells Fargo Business Elite Signature Card® is the perfect option. It provides up to 200 extra staff cards for free, as well as other corporate benefits. If this isn’t the card for you, have a look at our Credit Card Marketplace to see if there are any other business credit cards that might be a better match.
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