Are you a business owner or entrepreneur looking for a credit card that offers exceptional cash back rewards and flexible features? The Wells Fargo Signify Business Cash Credit Card is a solid option for business owners who want to earn unlimited cash rewards on their everyday purchases. With a 0% introductory APR for 12 monthson purchases and no annual fee.
The Wells Fargo Signify Business Cash Credit Card is a type of card that helps small businesses manage their expenses. It offers cash back rewards on purchases made for business needs, like office supplies or gas for company vehicles. This card can be helpful for businesses looking to save money on their everyday purchases while also building credit Score.
Let’s take a closer look at what the Wells Fargo Signify Business Cash Credit Card Review 2024 has to offer.
Wells Fargo Signify Business Cash Credit Card: A Review
Running a small business can be tough, and having a credit card that works for you makes it easier. The Wells Fargo Signify Business Cash Credit Card is designed just for that. It gives you cash back rewards on your business purchases, with no annual fee and flexible features.
The Wells Fargo Credit Card boasts a unique combination of benefits, making it a compelling choice for businesses of all sizes.
“Maximize your business potential with the Wells Fargo Signify Business Cash Credit Card – where every purchase earns you closer to your Financial Goals.”
Wells Fargo Signify Business Cash Credit Card Overview
| Details | Wells Fargo Signify Business Cash Credit Card Overview |
| Rewards | Unlimited 2% cash back on all purchases |
| Bonus Offer | $500 cash rewards bonus after spending $5,000 in qualifying purchases within 3 months of account opening |
| Introductory APR | 0% for the first 12 months on purchases |
| Variable APR | 18.49% to 26.49% |
| Annual Fee | $0 (No Annual Fee) |
| Cash Advance Fee | $10 or 5% of the amount of each advance, whichever is greater |
| Foreign Transaction Fee | 3% |
| APR for Cash Advances and Overdraft Protection Advances | 29.99% |
| Penalty Fees for Late Payment | Up to $40 |
$500 Cash Rewards Bonus
In my review of the Wells Fargo Signify Business Cash Credit Card Review 2024, it’s evident that the $500 cash rewards bonus is a standout feature. Here’s a breakdown of what you need to know:
- To qualify for the bonus, you’ll need to spend at least $5,000 on qualifying purchases within the first 3 months of opening your account.
- Once earned, the bonus cash rewards will become redeemable within 1 – 2 billing periods.
- Keep in mind that cash advances of any kind won’t earn rewards and might impact your available credit line.
- Additionally, certain transactions such as ATM charges, cash advances, and more, as detailed in the terms and conditions, are ineligible for cash rewards.
Is the Wells Fargo Signify Business Cash Credit Card Right for You?
Wells Fargo Signify Business Cash Credit Card is a good option for businesses that want to earn cash back on all of their purchases.
However, it is important to note that the intro APRwill expire after 12 months, and the variable APR can be high. If you are looking for a Credit Card with a lower APR, you may want to consider a different option.
When to Apply for the Wells Fargo Signify Business Cash Credit Card
If you already have a Wells Fargo credit card with no balance and haven’t used it in the past 6 months, Wells Fargo may automatically share your credit limit between your existing and new Signify card. This allows you to use both cards without exceeding your overall credit limit. You can easily adjust this allocation by contacting Wells Fargo customer service.
- It’s generally recommended to wait at least 2 years after building a Credit Score history before applying for additional cards, especially if you’re new to the credit card game.
- There’s also a 6-month waiting period after opening a new Wells Fargo credit card before you can apply for another one.
Bottom Line
The Wells Fargo Signify Business Cash Credit Card offers a compelling combination of benefits for small businesses:
- Unlimited 2% cash back on all purchases.
- $500 cash rewards bonus with a spending requirement.
- 0% introductory APR for 12 months on purchases.
- No annual fee.
However, keep in mind that the variable APR after the intro period can be high, so responsible credit management is crucial. If you prioritize cash back rewards and have a good credit history, this card is worth considering, but there might be better options with lower APRs available.
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