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Wells Fargo has several rewards credit cards, aiming first at the best travel credit cards with the Wells Fargo Autograph Journey℠ Card (see rates and fees). Now the issuer has the best small business cards in its crosshairs with the debut of a flat-rate business cash-rewards card — the Signify Business Cash℠ Card by Wells Fargo.
This card provides small businesses with a robust 2% in cash rewards on all spending, as well as a path to transferring those rewards to Wells Fargo's travel partners — all without an annual fee.
Wells Fargo Signify Business Cash Card
- High flat-rate rewards
- Intro APR for a year on purchases
- No annual fee
- Airport lounge access has a per-visit fee
- Has a foreign transaction fee
The Wells Fargo Signify Business Cash Card stands out in the business cash-back card space by giving unlimited cash rewards without charging an annual fee. It gets even better if you also have a consumer Wells Fargo credit card that unlocks access to Wells Fargo travel partners, such as the no-annual-fee Wells Fargo Autograph® Card (see rates and fees) or the Wells Fargo Autograph Journey℠ Card.
Wells Fargo confirmed to CNBC Select that Signify Business Cash cardholders can combine their cash rewards with an eligible Wells Fargo consumer card and then take advantage of the consumer card's redemption options. Using this strategy to transfer rewards to Wells Fargo's travel partners can greatly boost the value you receive. For example, transferring 34,000 points to Iberia is enough to book a one-way off-peak business-class flight from a handful of U.S. cities (Boston, New York, etc.) to Spain, a flight that typically costs thousands of dollars.
Given that those 34,000 points would net you only $340 when redeemed as cash, you can see how much more value you get by transferring to travel partners. Other transfer options include Choice Hotels, Air France/KLM, British Airways, Avianca and Aer Lingus.
New Signify Business Cash Card members can also enroll for a Priority Pass membership for airport lounge access, however, you don't get free access and will pay a per-visit fee.
Alternative cards
Overall, the Signify Business Cash Card compares favorably to similar business credit cards that earn cash back. The American Express Blue Business Cash™ Card earns 2% cash back on up to $50,000 per year (then 1% back). Its welcome offer is a $250 statement credit you earn after spending $3,000 in purchases on your card in the first three months after account opening. The Wells Fargo Signify Business Cash card earns an unlimited 2% in cash rewards and its bonus is $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months.
The American Express Blue Business Cash™ Card is an ideal fit for a growing business because it offers an intro APR for purchases and a generous cash-back rate.
- Valuable intro-APR offer for purchases for 12 months
- No annual fee
- Additional cash back is capped
- It has a foreign transaction fee
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.74% - 28.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on the first $50,000 of purchases each calendar year, 1% thereafter. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That's why you've got the power to spend beyond your credit limit with Expanded Buying Power*.
- * The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee. Terms Apply. Learn More.
- See Rates & Fees
Balance transfer fee
Refer to Terms and Conditions
Foreign transaction fee
2.7% of each transaction after conversion to US dollars.
The Ink Business Unlimited® Credit Card earns 5% cash back on Lyft rides (through September 2027) and 1.5% cash back on all other purchases (see rates and fees). This makes the Signify Business Cash more rewarding for most spending. The Ink Business Unlimited has a larger welcome bonus, but over the long haul, the Signify Business Cash Card's increased cash rate will win out.
You can move the cash-back rewards you earn with the Ink Business Unlimited to a Chase credit card that allows point transfers, such as the Chase Sapphire Preferred® Card (see rates and fees). While the Signify Business Cash offers the same path to transferring cash rewards, Wells Fargo's travel rewards program is young and it has a far less robust list of transfer partners. If you can maximize Chase's travel partners, it's possible to squeeze more value out of the Ink Business Unlimited despite its slightly lower cash-back rate.
The Ink Business Unlimited® Credit Card is a flat-rate cash-back card with a strong intro-APR offer for purchases.
- Intro APR for purchases
- Valuable welcome bonus
- No annual fee
- You can't transfer rewards to travel partners without pairing it with another Chase card
- Has a foreign transaction fee
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Earn 5% total cash back on Lyft rides through 9/30/27.
- Member FDIC
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
3% of each transaction in U.S. dollars
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Bottom line
Wells Fargo isn't messing around with the new Signify Business Cash Credit card, which instantly becomes one of the best no-annual-fee business credit cards. It offers 2% cash rewards on all purchases with no caps, a valuable welcome bonus and no annual fee. Unless your business can benefit from specific bonus spending categories or you want free airport lounge access, it's hard to go wrong with this card.
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Read more
For rates and fees of The American Express Blue Business Cash™ Card, click here.
