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  Wells Fargo Business Platinum Credit Card

Wells Fargo Business Platinum Credit Card

in Business Credit Cards from Wells Fargo Bank

Unaffiliated

Wells Fargo Business Platinum Credit Card

Unaffiliated

in Business Credit Cards from Wells Fargo Bank

SuperMoney Net Recommendation Score +71

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +71, equating to 4.4 on a 5 point rating scale.

+71

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

6 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 11.24% - 21.24%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 700 - 850
Annual Fee $0
Number of Reviews 7

Wells Fargo Business Platinum Credit Card Review

Key Takeaways
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
  • Signup bonus. Offers a signup bonus of $300 if you spend $3000.
  • Competitive APRs. Wells Fargo Business Platinum Credit Card has a variable purchase APR that ranges from 11.24% up to 21.24%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
  • 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.
  • Good or better credit required. You will have low approval odds if your credit score is below 700.
Pros & Cons of Wells Fargo business Platinum credit card
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers .
  • No balance transfer fee.
  • 0% APR on new purchases .
  • No annual fee.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Wells Fargo Business Platinum Credit Card is accepted.
  • Wells Fargo Business Platinum Credit Card reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not include many credit card benefits.
Wells Fargo business Platinum credit card FAQ

Who is Wells Fargo business Platinum credit card designed for?

This is a credit card issued by Wells Fargo Bank. 

This business card is designed for small business owners with good credit. The minimum credit score to apply is 700.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 11.24% up to 21.24%.

It also has a variable cash advance APR of 23.99%.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 0%

This business card does offer an introductory APR rate on new purchases of 0%

Wells Fargo business Platinum credit card Rates & Terms
Purchase APR 11.24% - 21.24%
Cash Advance APR 23.99%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $50.
  • 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 Platinum credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Returned Payment Fee $29
Late Payment Fee $25 to $50

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 $300 after you spend $3000.

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:

  • Fraud Liability
  • No blackout dates when redeeming miles
  • 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 corporateresponsibility@wellsfargo.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

Does Wells Fargo Business Platinum Credit Card report your account activity to credit bureaus?

Yes, Wells Fargo Business Platinum Credit 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.

Message From Wells Fargo Business Platinum Credit Card

Cash Back option: Earn 1.5% cash back on qualifying purchases. Reward Points option: Earn 1 point on every $1 spent and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases. 0% introductory rate for first nine months. Businesses with annual sales up to $2 million. Choosing your rewards: Cash Back or Rewards Points. Businesses that need a convenient way to manage everyday business expenses. No annual fee, plus up to 99 employee cards with no additional fee. Cash management tools. Spending reports available online. Online banking and bill payment options.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Wells Fargo Bank

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View all business credit cards offered by Wells Fargo Bank

Feature Breakdown

Annual Fee $0
Foreign Currency Transaction Fee 0%
No Annual Fee
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Up to 4%
Cash Advance Fee Minimum $10
Late Fee Amount $25 - $50
Minimum Cash Advance Fee ($) Starting at $1
Over-Limit Fee $39
Returned Payment Fee $29
Customer Type Business
Minimum Age 18
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Purchase Protection
  • Fraud Liability
Bonus Rewards Earn a one-time $300 cash back bonus or 30,000 bonus points when you select a Business Card Rewards Program and spend $3,000 in the first three months of account open date
No Blackout Dates
No Reward Expiration Period
Rewards Rates
  • Every Purchase
Signup Bonus $300
Balance Computation Average Daily Balance
Cash Advance APR (Variable APR) 23.99%
Purchase APR (Variable APR) 11.24% - 21.24%
Card Network Visa
Card Type
  • Rewards
  • Cashback
  • Travel
  • Zero Percent

Wells Fargo Business Platinum Credit Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +71, equating to 4.4 on a 5 point rating scale.

+71

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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