Wells Fargo Business Platinum Credit Card Review 2022

As the first major bank to offer blockchain-based services for its customers, Wells Fargo is firm about what they have to say. Transforming consumer banking and capital markets with digital currencies will be a top priority in 2022. With that said, let’s take a look at their credit card offerings.

The “wells fargo business platinum credit card approval odds” is a review of the Wells Fargo Business Platinum Credit Card. The review includes information on the benefits, fees, and other important aspects of the card.

With the Wells Fargo Company Platinum card, you can pick whether you want cash back or points as a reward scheme for your business. Because it’s a Visa card, you’ll benefit from its widespread acceptance as well as its reputation for dependability and security. Use the card for all of your business requirements since the points may be used to any purchase, regardless of category. Plus, for the first nine months, there’s There is no annual cost. and a 0% annual percentage rate (APR).

Business Platinum Credit Card from Wells Fargo

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.

With no annual charge, you may choose between cash back or points incentives.

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On the Safe Website of Wells Fargo

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APR on a regular basis

Variable 12.74 percent – 22.74 percent

• When you enlist in the Business Card Rewards Program and spend $3,000 within the first three months of account opening, you’ll get a one-time $500 cash back incentive or 50,000 bonus points; there’s no annual rewards charge.
• Get 1.5 percent cash back on every dollar you spend.
• Earn 1 point for every $1 spent, plus 1,000 additional points for each monthly billing period in which your firm spends $1,000 or more.
• There is no annual card cost, and you may have up to 99 employee cards (no additional fee)
• Instruments for managing money
• Online spending reports are accessible.
• Options for online banking and bill payment

Pros

• A fantastic welcome bonus package is available.
• Period of no interest funding
• Bonuses are given out on a regular basis if you fulfill your monthly spending goals.

Cons

• Low long-term incentives
• Fees for reclaiming airline tickets
• Points have a time limit.

• Purchase protection: Wells Fargo provides coverage for products bought that are damaged or stolen within 90 days of the date of purchase. The things may be repaired, replaced, or reimbursed. The amount of coverage is capped at $10,000 per item and $50,000 per year.
• Wells Fargo’s design studio lets you personalize your card by uploading a picture that reflects your business. The picture may be your company’s emblem or a shop, for example.

APR on a regular basis

Variable 12.74 percent – 22.74 percent

• When you enlist in the Business Card Rewards Program and spend $3,000 within the first three months of account opening, you’ll get a one-time $500 cash back incentive or 50,000 bonus points; there’s no annual rewards charge.
• Get 1.5 percent cash back on every dollar you spend.
• Earn 1 point for every $1 spent, plus 1,000 additional points for each monthly billing period in which your firm spends $1,000 or more.
• There is no annual card cost, and you may have up to 99 employee cards (no additional fee)
• Instruments for managing money
• Online spending reports are accessible.
• Options for online banking and bill payment

Pros

• A fantastic welcome bonus package is available.
• Period of no interest funding
• Bonuses are given out on a regular basis if you fulfill your monthly spending goals.

Cons

• Low long-term incentives
• Fees for reclaiming airline tickets
• Points have a time limit.

• Purchase protection: Wells Fargo provides coverage for products bought that are damaged or stolen within 90 days of the date of purchase. The things may be repaired, replaced, or reimbursed. The amount of coverage is capped at $10,000 per item and $50,000 per year.
• Wells Fargo’s design studio lets you personalize your card by uploading a picture that reflects your business. The picture may be your company’s emblem or a shop, for example.

Do you want to compare the attributes of two cards? We’ve made it simple for you to do so! To add up to three cards to your basket, just check them off on this page. You’ll be able to compare the information in a side-by-side comparison this way.

How Do We Assess Commercial Credit Cards?

When reviewing all of the benefits of a business credit card, the ongoing incentives are given the highest rating. We examine the yearly price, extra features, and APRs when weighing initial benefits. To improve its overall card rating, this Wells Fargo Business Platinum card would benefit from a more meaningful recurring reward system.

The Wells Fargo Business Platinum Card was assessed using the following criteria:

Despite its great initial benefits and low APRs, we gave this card a 73 out of 100 since its cash back returns aren’t as good as those offered by other business credit cards that provide 2% or more.

Who Should Use Wells Fargo Business Platinum?

• No-category-restricted business owners include: When you make a variety of purchases that don’t fall neatly into one or two categories
• Startup companies: These are small enterprises that are just getting started, have little debt, and desire a rewards program that is flexible.

Fees for Wells Fargo Business Platinum

• On purchases and debt transfers, the introductory APR is 0% for the first nine months.
• Variable APR (ongoing): 11.24 percent to 21.24 percent
• There is no annual cost.
• Balance transfer fee: 4%, with a minimum of $10 and no maximum.
• Fee for international transactions: Foreign transaction fee: $0
• Cash advance fee: 4%, with a minimum of $10 and a maximum of $175.

Platinum Rewards from Wells Fargo Business

Join the Wells Fargo Business Rewards program, which has no annual charge. You may go for a cash-back or points-based program:

• Earn 1.5 percent cash back on all qualified transactions, with no restrictions on what you may buy. Every quarter, in March, June, September, and December, you’ll get your money back as a statement credit or a deposit to your qualified bank or savings account.
• Points: For every $1 spent on qualified purchases, you will get one point. Points may be redeemed for gift cards, airline tickets, and other items. Earnings from Earn More Mall® merchants range from 2 to 20 points every $1 spent. You may also redeem points online and get a 10% credit each time you do so. Furthermore, there are no mandatory expenditure categories or income constraints.
• Offer of Welcome: If you choose cash back incentives, you may get a $300 bonus after spending $3,000 on eligible items in the first three months. When you spend $3,000 in eligible purchases in the first three months, you may choose the reward points program and get 30,000 extra points. Plus, anytime your organization spends $1,000 or more in any monthly billing period, you’ll get 1,000 extra points.

How to Maximize Your Platinum Rewards from Wells Fargo Business

To make the most of your Wells Fargo Business Platinum card, start by utilizing the 0% introductory APR for the first nine months. Transfer high balances from other cards to your Platinum Rewards from Wells Fargo Business card and budget out a monthly payment amount that will reduce the balance to zero by the time the introductory rate ends. Keep in mind that there’s a balance transfer fee of 4% of the amount being transferred.

Choose whether you want cash back or points as a reward. Spend at least $3,000 in eligible purchases in the first three months to earn $300 in cash back or 30,000 bonus points. You’ll get an extra 1,000 bonus points if you spend $1,000 or more every month.

At the end of a year, if you spend $1,000 per month, you’ll have earned $180 in cash back rewards. If you spend the same amount but choose points, you’ll get 12,000 points every month plus 1,000 extra points for a total of 24,000 points. Because each point is worth one cent, those points are worth $240.

Additional Benefits of Wells Fargo Business Platinum

• Online banking: Access your account activity, manage your spending, and establish monthly objectives using online financial tools.
• Full refund for unlawful purchases or ATM transactions under the Zero Liability Program.
• Fraud detection and prevention to keep an eye on your company finances.
• Within 90 days of purchase, if qualified products are lost, stolen, or accidently damaged, they will be replaced or repaired, or you will be paid.

Pros & Wells Fargo Business Platinum has certain drawbacks.

Wells Fargo Business Platinum Advantages

• Spend $3,000 with no category limitations during the first three months of opening your account and get $300 cash back (if you choose cash back incentives) or 30,000 bonus points (if you prefer points).
• No-interest introductory financing: Enjoy a 0% APR on purchases and debt transfers for the first nine months. Make any significant purchases or transfer high balances from other cards during this period.
• Bonuses for reaching monthly expenditure objectives on a regular basis: If you choose the points scheme, you will get one point for every dollar spent. When you spend at least $1,000 on eligible items in a billing cycle, you’ll get an extra 1,000 bonus points.

Wells Fargo Business Platinum has certain drawbacks.

• Low long-term incentives: 1.5% for every $1 when you select cash back rewards is low compared to other business credit cards that offer 2% or higher. Also, cash back is credited quarterly rather than at the end of each billing cycle.
• Fees for reclaiming airline tickets: There’s a $24 airline redemption fee if you choose to redeem points for airline tickets. Unless you travel extensively, points may be better spent elsewhere.
• Points will expire: Points acquired three years ago and older will expire on November 30, so keep note of when you earned them. The rewards on most small business credit cards do not have an expiry date.

Alternatives to Wells Fargo Business Platinum

Chase Ink UnlimitedSM is a brand of Chase Ink.

With the Chase Ink UnlimitedSM is a brand of Chase Ink. card, you also get 1.5% cash back on all purchases with no category restrictions. However, in addition, you get a 0% APR for 12 months instead of nine, and a big introductory offer of $750 after spending $7,500 in the first three months. Check out more suggestions here for the best small business credit cards.

Credit Card Ink Business Unlimited®

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.

Getting 1.5 percent cash back on each and every transaction

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Chase’s Protected Website

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Intro APR

On purchases, there is a 0% 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.
• Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
• There is no annual cost.
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
• 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.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• On purchases, there is a 0% introductory APR.
• On all purchases, you’ll get unlimited cash back incentives.

Cons

• Balance transfers are not eligible for the introductory APR period.
• Balance transfer fees are 5%.
• Charges fees for international transactions.
• To qualify, you must have excellent credit.

• When renting a car for business, the collision damage waiver is primary, meaning it substitutes any personal insurance coverage you may have; it covers compensation up to the real cash value of the vehicle for theft and collision damage for most automobiles in the US and internationally.
• 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 three years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Intro APR

On purchases, there is a 0% 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.
• Earn an unlimited amount of 1.5 percent cash back on all purchases made for your company.
• There is no annual cost.
• With Chase Ultimate Rewards®, you may get cash back, gift cards, travel, and more.
• Employee cards allow you to earn rewards quicker and at no extra expense. To get more control over your spending, set specific spending limitations.
• 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.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• On purchases, there is a 0% introductory APR.
• On all purchases, you’ll get unlimited cash back incentives.

Cons

• Balance transfers are not eligible for the introductory APR period.
• Balance transfer fees are 5%.
• Charges fees for international transactions.
• To qualify, you must have excellent credit.

• When renting a car for business, the collision damage waiver is primary, meaning it substitutes any personal insurance coverage you may have; it covers compensation up to the real cash value of the vehicle for theft and collision damage for most automobiles in the US and internationally.
• 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 three years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Blue Business® Plus by American Express

Get 2x points per $1 with this card on the first $50,000 and 1 point per $1 for all purchases after that. With no category restrictions, There is no annual cost., and a 0% APR for 12 months, this is an excellent alternative to the Wells Fargo Business Platinum card. However, there’s a foreign transaction fee that may not be a good choice for frequent travelers.

American Express’s Blue Business® Plus Credit 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.

2x points per $1 and a 0% introductory APR for the first 12 months

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on American Express’s Blue Business® Plus Credit Card’s secure website.

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Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.49 percent – 21.49 percent

Credit is required.

Good, Excellent

• Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Increased purchasing power, you have the ability to spend your Card above its credit limit*.
• *There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• 0.On purchases, there is a 0% introductory APR. for 12 months from the date of account opening, then a variable rate, 13.49% – 21.49%, based on your creditworthiness and other factors at account opening.
• There is no annual cost.
• Terms and Conditions apply.

Pros

• There is no annual cost.
• Purchases and balance transfers get a 0% APR for 12 months.
• Bonus points for new customers
• Increased purchasing power
• Rewards at a set rate

Cons

• Cash advances are not permitted.
• There is no cost for international transactions.
• The amount of money you may spend to get 2x points is restricted at $50,000.

• If the original manufacturer’s warranty is shorter than two years, American Express will match the term of the guarantee. If the original manufacturer’s warranty is between 2 and 5 years, it offers an extra 2 years. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 120 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.

Intro APR

Purchases are tax-free.

APR on a regular basis

Variable 13.49 percent – 21.49 percent

Credit is required.

Good, Excellent

• Spend $3,000 in qualifying purchases on the Card during the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Increased purchasing power, you have the ability to spend your Card above its credit limit*.
• *There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• 0.On purchases, there is a 0% introductory APR. for 12 months from the date of account opening, then a variable rate, 13.49% – 21.49%, based on your creditworthiness and other factors at account opening.
• There is no annual cost.
• Terms and Conditions apply.

Pros

• There is no annual cost.
• Purchases and balance transfers get a 0% APR for 12 months.
• Bonus points for new customers
• Increased purchasing power
• Rewards at a set rate

Cons

• Cash advances are not permitted.
• There is no cost for international transactions.
• The amount of money you may spend to get 2x points is restricted at $50,000.

• If the original manufacturer’s warranty is shorter than two years, American Express will match the term of the guarantee. If the original manufacturer’s warranty is between 2 and 5 years, it offers an extra 2 years. Each year, coverage is capped at $10,000 per incident and $50,000 per account.
• Purchase protection: If an item bought with the card is damaged or stolen within 120 days of purchase, the issuer will repair, replace, or refund you. The maximum coverage is $1,000 per event and $50,000 per account per year.

Mastercard® U.S. Bank Triple Cash Rewards World EliteTM

If your purchases fit into this card’s spending categories, you’ll earn far more cash back. You’ll get 3% on purchases at gas stations, office supply stores, and mobile phone/service providers, and 1% cash back on all other purchases. There’s also There is no annual cost. and 0% APR for 12 months.

Triple Cash Rewards from U.S. Bank for Business Mastercard World EliteTM

APR of 0% for 15 billing cycles

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On the secure website of US Bank

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APR on a regular basis

14.24% – 23.12% (Variable)

Credit is required.

Excellent/Good

• Earn $500 in cash back for a limited time. Simply spend $4,500 on the Account Owner’s card during the first 150 days of your account being opened.
• Earn 3% cash back at petrol stations, office supply retailers, telephone service providers, and restaurants on qualified purchases.
• All other qualified net purchases will earn you 1% cash back.
• There is no limit to the total amount of cash back that may be received.
• Reward points never run out.
• For regular software subscription fees like FreshBooks or Quickbooks, you may get a $100 statement credit per year.
• For 15 payment cycles, get a 0% intro APR on purchases and debt transfers. Then there’s a variable APR ranging from 14.24 percent to 23.24 percent.
• There is no annual cost..

Pros

• Purchases and balance transfers are both eligible for a 0% APR.
• Cash back benefits are available indefinitely.
• There is no annual cost.

Cons

• Even during the promotional period, there is a balance transfer cost.
• Cash advances are not subject to the intro APR.

• Collision damage waiver for MasterRental automobile rentals: When you use your U.S. Bank credit card to rent a vehicle, you’re insured in the event of an accident or theft on all rentals made globally. Because the coverage is primary, you won’t need to utilize your own vehicle insurance or accept the rental agency’s insurance. The maximum amount of coverage is $50,000.
• Purchase assurance: If an item bought with your U.S. Bank business credit card is destroyed or stolen within 90 days of purchase, U.S. Bank may repair or pay you. Coverage is restricted to $1,000 per loss, with a maximum of $25,000 per account per year. Items that are placed out of reach and visible to others are not protected.
• Extended warranty protection: From the expiry of warranties of 5 years or less, U.S. Bank will double the manufacturer’s guarantee up to an extra 1 year. For example, an item with a 6-month warranty would be covered for another 6 months. The issuer will either replace the item or pay you up to $10,000 for the amount charged on your US Bank card.

APR on a regular basis

14.24% – 23.12% (Variable)

Credit is required.

Excellent/Good

• Earn $500 in cash back for a limited time. Simply spend $4,500 on the Account Owner’s card during the first 150 days of your account being opened.
• Earn 3% cash back at petrol stations, office supply retailers, telephone service providers, and restaurants on qualified purchases.
• All other qualified net purchases will earn you 1% cash back.
• There is no limit to the total amount of cash back that may be received.
• Reward points never run out.
• For regular software subscription fees like FreshBooks or Quickbooks, you may get a $100 statement credit per year.
• For 15 payment cycles, get a 0% intro APR on purchases and debt transfers. Then there’s a variable APR ranging from 14.24 percent to 23.24 percent.
• There is no annual cost..

Pros

• Purchases and balance transfers are both eligible for a 0% APR.
• Cash back benefits are available indefinitely.
• There is no annual cost.

Cons

• Even during the promotional period, there is a balance transfer cost.
• Cash advances are not subject to the intro APR.

• Collision damage waiver for MasterRental automobile rentals: When you use your U.S. Bank credit card to rent a vehicle, you’re insured in the event of an accident or theft on all rentals made globally. Because the coverage is primary, you won’t need to utilize your own vehicle insurance or accept the rental agency’s insurance. The maximum amount of coverage is $50,000.
• Purchase assurance: If an item bought with your U.S. Bank business credit card is destroyed or stolen within 90 days of purchase, U.S. Bank may repair or pay you. Coverage is restricted to $1,000 per loss, with a maximum of $25,000 per account per year. Items that are placed out of reach and visible to others are not protected.
• Extended warranty protection: From the expiry of warranties of 5 years or less, U.S. Bank will double the manufacturer’s guarantee up to an extra 1 year. For example, an item with a 6-month warranty would be covered for another 6 months. The issuer will either replace the item or pay you up to $10,000 for the amount charged on your US Bank card.

Conclusion

The Wells Fargo Company Platinum card is a good option for business owners who want a rewards program with a lot of flexibility and no purchase restrictions. It’s simple to get cash back or points, but make sure you use them quickly since they expire three years after you receive them. If you currently have a Wells Fargo account, adding this card can assist deepen your financial connection and may enable you to negotiate lower interest rates. You may also mix points from this card with points from other Wells Fargo business lines of credit to get bigger rewards quicker. Check out our Credit Card Marketplace if you’re looking for additional business credit card possibilities.

The “wells fargo business platinum credit card login” is a credit card that offers rewards for spending. It has no annual fee, and the interest rate is 0%. The card also comes with a $200 bonus when you spend $1,000 in the first three months of having it.

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