Signify Business Cash Card By Wells Fargo Review 2024 (2024)

• Signify Business Cash Card Introduction
• Quick Facts
• What Is the Signify Business Cash Card Best For?
• Signify Business Cash Card Rewards
• 0% Introductory Rates
• Other Signify Business Cash Card Benefits
• Fine Print
• How the Signify Business Cash Card Stacks Up
• Is the Signify Business Cash Card for You?
• Methodology

The Signify Business Cash℠ Card by Wells Fargo* is a flat-rate no annual fee cash rewards card making it easy to earn on your business expenses. You’ll earn unlimited 2% cash rewards on business purchases with no spending caps or categories to track. Free employee cards and account alerts can make it easier to manage day-to-day transactions while earning rewards with every swipe. Plus flexible redemptions allow those rewards to fill in where you need them the most.

For businesses with large expenses on the horizon, the intro APR offer provides a nice cushion for paying off over time or managing cash flow: 0% intro APR on purchases for the first 12 months from account opening, followed by a 18.49% - 26.49% variable APR. Keep in mind if the balance isn’t paid in full at the close of the introductory period, you’ll start accruing interest.

If you travel for work, this card tees up some nice travel perks, including travel accident insurance and primary MasterRental insurance coverage. Cardholders can also enroll in a complimentary Priority Pass membership. It’s important to note, however, that lounge access won’t be free as per-visit fees will apply. Still, if you get stuck with a canceled flight or a long layover, it may make your trip more productive—or a little more comfortable.

For applicants with a Wells Fargo checking or savings account you can apply online. Otherwise, you’ll need to make an appointment to apply at a branch near you.

• No annual fee
• Earn unlimited 2% cash rewards on business purchases
• Welcome offer of $500 bonus after spending $5,000 in eligible purchases in the first three months of account opening.

Earning Rewards

Earning rewards is simple with no categories or spending caps. Earn unlimited 2% cash rewards on business purchases.

New cardholders are eligible for a welcome bonus: Earn a $500 bonus after spending $5,000 in eligible purchases in the first three months of account opening.

Redeeming Rewards

Rewards can be redeemed for statement credit, gift cards or travel. Travel redemptions can be made through the Wells Fargo Rewards portal for flights, car rentals and hotel stays for your next business trip. Cash redemptions can be made online or by phone in any increment. You can also request a paper check in increments of $25. If you have a Wells Fargo debit card, you can withdraw rewards from a Wells Fargo ATM in increments of $20.

Cash rewards don’t expire, as long as the credit card account remains open.

Rewards Potential

Forbes Advisor uses data from various government agencies to determine both baseline income and spending averages across various categories. The 70th percentile of wage earners bring in $118,438 annually and we base our business card reviews on a freelance or sole proprietorship with similar earnings. Based on these projections, the average business card can reasonably charge $39,337 annually.

• Priority Pass membership. Receive a complimentary Priority Pass membership—valued at $99—with enrollment. Lounge visit fees will apply.
• Travel accident insurance. Receive up to $250,000 of coverage when you purchase your airline ticket or other common carrier fare with your Signify Business card. Restrictions and limitations apply.
• MasterRental insurance coverage. Get reimbursed for physical damage or theft to a rental vehicle with primary protection.
• Free employee cards. Get additional cards for employees at no cost and earn rewards for those purchases, as well.
• Account alerts. Set customized account alerts for activity on your account, including employee spending.
• Zero liability protection. You are not responsible for unauthorized transactions when they are reported promptly.

Interest Rates

• Regular APR: 18.49% - 26.49% variable
• Purchase intro APR: 0% intro APR on purchases for 12 months from account opening
• Balance transfer intro APR: N/A

Fees

• Annual fee: $0
• Balance transfer fee: N/A
• Foreign purchase transaction fee: 3% of each transaction converted to U.S. dollars

Signify Business Cash℠ Card by Wells Fargo* vs. The American Express Blue Business Cash™ Card

Another flat-rate 2% cash-back card worth a look is The American Express Blue Business Cash™ Card (Terms apply, see rates & fees). If your annual expenses are under $50,000 you’ll earn the same amount in cash back—but only 1% thereafter. Your rewards are automatically applied as statement credit freeing you to focus on more important things. The Amex Blue Business Cash also has no annual fee and offers a 0% intro APR on purchases for 12 months from the date of account opening, then a 18.49% - 26.49% variable APR applies.

The big downside to the Blue Business Cash Card is that the welcome bonus is significantly smaller: $250statement credit after spending$3,000 in purchases in the first3months of account opening. You’ll also miss out on the Priority Pass Membership, but you’ll gain access to Amex Offers giving you more opportunities to boost your cash back. This tradeoff won’t make sense for most people. But if you wouldn’t pay from lounge access and want a card with higher ongoing earning potential, Amex Offers could help you save more on purchases you already make.

Signify Business Cash℠ Card by Wells Fargo* vs. Spark Cash Select from Capital One*

While it doesn’t earn 2% cash back, the Spark Cash Select from Capital One* should definitely be on your shortlist. The card earns 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. The card also packs a hefty welcome bonus of $750 cash bonus after spending $6,000 in the first 3 months of account opening.

Gain more control with bookkeeping with year-end summaries, purchase records and the ability to assign an account manager. You’ll still get free employee cards with account alerts, but Capital One lets you set employee spending limits as well. This card forfeits lounge access and rental coverage, but you won’t pay foreign transaction fees. If you travel or purchase internationally, that’s a huge savings.

Signify Business Cash℠ Card by Wells Fargo* vs.U.S. Bank Triple Cash Rewards Visa® Business Card*

If your business expenses are concentrated into specific categories, the U.S. Bank Triple Cash Rewards Visa® Business Card* could make more sense. You’ll earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center, 3% cash back at gas and EV charging stations, office supply stores, cell phone service providers and restaurants and 1% cash back on all other eligible purchases. For sole proprietors, the welcome bonus is easier to obtain: $500 cash back after spending $4,500 in the first 150 days of opening the account. But keep in mind any spending on employee cards won’t help you qualify.

If you already carry credit card debt, you may appreciate that this card’s intro APR offer also applies to balance transfers: 0% intro APR on purchases and balance transfers for 15 billing cycles, followed by a regular APR of 19.24% - 28.24% variable. A balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, applies. You can also receive a $100 statement credit for recurring software subscriptions like FreshBooks or QuickBooks. There’s no annual fee, but you will pay foreign transaction fees if your business travels take you outside the U.S.

The Signify Business Cash℠ Card by Wells Fargo* is a great way to maximize earnings with no annual fee. In addition, you can gain great travel protections and access to Priority Pass lounges, which could come in handy. Overall, this is an excellent card for businesses that don’t need to use it internationally.

Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors, including:

• Annual fees
• Welcome bonus offers
• Ongoing earning rates
• Value of individual points or miles
• Included travel or merchant credits
• Additional cardholder benefits

Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors come together to provide a star rating for each individual card.

Read more: How Forbes Advisor rates credit cards

To view rates and fees for The American Express Blue Business Cash™ Card please visit this page.