Wells Fargo Business Elite Signature Card
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| Purchase APR (Variable APR) | 3.99% |
| Balance Transfer APR (Variable APR) | N/A |
| Credit Score Range | 650 - 850 |
| Annual Fee | $125 |
Wells Fargo Business Elite Signature Card Review
- Signup bonus. Offers a signup bonus of $500 if you spend $15000.
- Signup bonus. Offers a signup bonus of 50000 points after spending $15,000 that can be redeemed for travel, gifts, or other perks.
- Competitive APRs. Wells Fargo Business Elite Signature Card has a variable purchase APR of 3.99%
- Annual fee waived the first year. Wells Fargo Business Elite Signature Card gives you the chance to have the card for a year without paying the $125 annual fee.
- No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
- Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
| The Good | The Bad |
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Who is Wells Fargo business Elite card designed for?
This is a credit card issued by Wells Fargo Bank.
This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.
What are the relevant APRs?
This business credit card has a variable purchase APR of 3.99%.
It also has a variable cash advance APR of 20.74%.
Does it have an introductory APR offer?
This business credit card does not offer an introductory rate on new purchases.| Purchase APR | 3.99% |
| Cash Advance APR | 20.74% |
What fees does it charge?
The following fees apply to this business credit card:
- An annual fee of $125.
- A late payment penalty of up to $75.
- A returned payment fee of up to $29.
- An overlimit fee of $39.
Does it charge a foreign transaction fee?
This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.
| Fees | Amount |
|---|---|
| Annual Fee | $125 |
| Foreign Transaction Fee | 0% |
| Returned Payment Fee | $29 |
| Late Payment Fee | $25 to $75 |
Does it offer a cash back rewards program?
This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
- Every Purchase
Does it have a sign up bonus?
Yes, it offers card users a signup bonus worth up to $500 after you spend $15000.
However, it does include a 50000 points signup bonus after you spend $15000 that can be redeemed for travel, gifts, or other perks.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
Can I get it with just an employer identification number (EIN)?
You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.What are the benefits?
This business credit card provides the following benefits:
- Auto Rental Collision Damage Waiver
- Emergency Support
- Extended Warranty Protection
- Trip Cancellation Insurance
- Fraud Liability
- Travel Accident Insurance
- No blackout dates when redeeming miles
- Travel Assistance
- Reports to major credit bureaus
What is the support contact email?
The support contact email for this business credit card is corporateresponsibility@wellsfargo.com.
Does Wells Fargo Business Elite Signature Card report your account activity to credit bureaus?
Yes, Wells Fargo Business Elite Signature Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply?
- Visit the Wells Fargo Bank .
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
- If you're denied click here to find out why your application may have been rejected and what you can do about it.
Message From Wells Fargo Bank
Contact
- Headquarters
-
420 Montgomery Street
San Francisco, CA 94104 - Visit Site
- Email Support
Other Services by Wells Fargo Bank
Feature Breakdown
| Foreign Currency Transaction Fee | 0% |
| No Annual Fee First Year | |
| No Foreign Transaction Fee | |
| No Interest Grace Period for Late Payment | 25 days |
| Annual Fee | $125 |
| Cash Advance Fee (%) | 4% |
| Cash Advance Fee Minimum | $10 |
| Late Fee Amount | $25 - $75 |
| Minimum Cash Advance Fee ($) | $10 |
| Minimum Interest Charge | $1 |
| Over-Limit Fee | $39 |
| Returned Payment Fee | $29 |
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