Comprehensive Review of Wells Fargo Business Credit Cards

Wells Fargo Bank's Business Platinum Card is a compelling alternative to traditional credit choices for startups and small-to-medium-sized businesses seeking a rewards program to help them track and manage their daily operating costs. Although Wells Fargo promoted the card as "excellent for companies with yearly sales up to $2 million," the Platinum Card's online management features make it a dependable option for any organization. The best part? There are no annual fees for the card, and members can request up to 99 additional employee cards on the account at no extra cost. Do you want a Wells Fargo Business Platinum Credit Card review? Then you've come to the right place. Here, we will discuss everything you need about it.

Cards Overview

Wells Fargo Business Platinum Credit Card

Small company owners who require a regular, unsecured card can apply for this Wells Fargo card. The credit line has a maximum limit of $50,000, and there is no extra charge for up to 99 staff cards. Both annual and foreign transaction fees are waived. Navigation has independently gathered the Wells Fargo Business Platinum Credit Card data. Nav does not currently have this card accessible. Please visit the Nav Credit Card Marketplace to view business credit cards.

Elite Card for Business Wells Fargo

Wells Fargo offers a card that may grow with your business. It is intended for companies with yearly revenues of at least $1 million. With the Wells Fargo Business Elite Card, you can get up to 200 staff cards and a credit line of up to $300,000. Additionally, budgetary restrictions can restrict staff expenditure to specific merchant categories, cash amounts, or hours of operation. This one has an incentive program similar to other Wells Fargo business cards. However, users who opt for the points option will receive an extra 5,000 points once their firm spends $10,000 within a single billing cycle. This card has no foreign transaction fees and no annual charge. It does, however, come with an optional $75 rewards program fee, which is free for the first year.

Descriptions of Awards

Obtaining a credit card secured exclusively by your organization's finances will be challenging unless your small business is well-established and has credit lines from specific retailers or vendors. Wells Fargo offers the Wells Fargo Business Platinum credit card to business banking clients with good personal credit.

Pros

The card has no additional fees to keep in your wallet because there is no annual fee.
Using the card to pay your monthly phone bill offers protection for your phone against eligible theft and damage (up to $600 per claim, $25 deductible, up to two claims per year).
It's a better low-interest credit card than many other well-known ones out there.

Cons

With no rewards and no longer offering intro APRs, there's not much reason to keep using this card.
You cannot move your balance to the better Wells Fargo Reflect card if you need to.
The ongoing interest rate is comparable to numerous powerful rewards cards now offered, although not by much.

Fee Structure And Foreign Transaction

Although you can transfer balances with this card, you should be warned that doing so will come at an extraordinarily high premium. In contrast to most credit cards, which charge 3% of the balance or waive costs altogether, Wells Fargo Business Platinum charges 4% of the transferred balance, with a $10 minimum. To put it into perspective, the balance transfer fee would be $400 if you transferred $10,000 to the card. The Wells Fargo Business Platinum has no foreign transaction fees, unlike other business cards that charge fees for transactions in foreign currencies.

Best Cards To Pair With The Wells Fargo Platinum

Small business owners, independent contractors, and freelancers who want wiggle room to carry a high-interest amount from another card or make new business expenditures without accruing interest charges are most suited for the Wells Fargo Business Platinum. This card allows you to do both. If you have a good credit history, the interest rates on any unpaid purchases or transfers you make after expiration can be cheaper than those on other cards you own. It can also be a wise decision to have on hand if you occasionally go overseas for work or place orders with vendors outside of the United States.

Is the Wells Fargo Business Platinum Credit Card Right For YOU?

What things considered, the Wells Fargo Business Platinum of the Visa Card provides businesses with what they require to save money and then some. Even if Wells Fargo business cards come with the rewards point or cash back option, as usual, they are still worth mentioning. It's great that you can earn respectable rewards for each eligible transaction, primarily because the bank provides up to 99 additional employee cards at no extra cost. With controls to limit user spending and online access to comprehensive spending statistics, the online account management features make monitoring all of your cards a breeze. When you combine Visa Platinum protection, a 0% APR for nine months on purchases and balance transfers, and no yearly fee, you get a flexible business rewards card that any size organization can use.

Conclusion

Small business owners may benefit from several advantages of the Wells Fargo Business Platinum Credit Card, including a flexible credit line, bonus rewards, and no annual or foreign transaction fees. After seeing Wells Fargo Business Platinum Credit Card reviews and considering other factors, we can evaluate that Wells Fargo Business Platinum Credit Card is a good choice for companies looking for a dependable and lucrative credit card solution.