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  Wells Fargo Business Elite Signature Card

Wells Fargo Business Elite Signature Card

in Business Credit Cards from Wells Fargo Bank

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Wells Fargo Business Elite Signature Card

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in Business Credit Cards from Wells Fargo Bank

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Highlights
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

Key Takeaways
  • 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 oods if your credit score is above650.
Pros & Cons of Wells Fargo business Elite card
The Good The Bad
  • Lower than average purchase APRs.
  • Annual fee waived during the first year.
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • Trip cancellation insurance.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Wells Fargo Business Elite Signature Card is accepted.
  • Wells Fargo Business Elite Signature Card reports to multiple credit bureaus.
  • Charges an annual fee of $125
Wells Fargo business Elite card FAQ

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.

Wells Fargo business Elite card Rates & Terms
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.

Wells Fargo business Elite card Fees
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 customer service phone number?

The customer service number for this business card is (800) 877-4833.

What is the support contact email?

The support contact email for this business credit card is socialresponsibility@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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Feature Breakdown

Every Purchase (Points) 1
Every Purchase (Points) Earn 1.5% cash back on every $1 spent 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
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
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
  • Travel Assistance
No Blackout Dates
Rewards Rates
  • Every Purchase
Signup Bonus Starting at $500
Signup Bonus (points) 50,000
Balance Computation Average daily balance
Cash Advance APR (Variable APR) 20.74%
Purchase APR (Variable APR) 3.99%
Card Network Visa
Card Type
  • Rewards
  • Cashback
  • Travel

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