If you’re a small business looking for a credit card for all of your company expenses, check out the Wells Fargo Business Elite Card®.
Depending on the rewards program you sign up for, you will have the chance to earn a $500 Cash Bonus or 50,000 Bonus Points when your company spends $15,000 within the first three months.
In addition, cardholders can earn can earn 1 point per $1 spent on all eligible purchases and 5,000 bonus points when you spend at least $10,000 in any monthly billing period. Continue reading below if you are interested in the Wells Fargo Business Elite Card®.
| Ink Business Preferred® Card 90K Points after $8,000 spend within first 3 months | Ink Business Unlimited® Credit Card $750 Bonus after $6,000 spend within 3 months |
| Capital One Venture X Business 150K Miles after $30,000 spend within 3 months | Ink Business Cash® Credit Card Up to $750 Bonus: Earn $350 after $3,000 spend in the first 3 months and an additional $400 with $6,000 spend in the first 6 months. |
| Chase Sapphire Preferred® Card 100K Points after $5,000 spend within 3 months. | Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months |
| The Platinum Card® from American Express 80K Points after $8,000 spend within 6 months. Terms Apply. | Capital One Venture Rewards Credit Card 75K Points after $4,000 spend within 3 months. Enjoy $250 to use on Capital One Travel in your first cardholder year. |
| American Express® Gold Card 60K Points after $6,000 spend within 6 months. | Chase Freedom Unlimited® Card $200 Bonus after $500 spend within 3 months |
| Blue Cash Preferred® Card from American Express $250 Welcome Offer after $3,000 eligible spend within 6 months. Terms Apply. | Blue Cash Everyday® Card from American Express $200 Welcome Offer after you spend $2,000 in purchases on your new Card within the first 6 months. Terms Apply. |
| Chase Sapphire Reserve® Card 60K Points after $4,000 spend within 3 months. | Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months |
Wells Fargo Business Elite Card Summary
| Bonus Available | Earn a one-time $500 cash back bonus or 50,000 bonus points when you enroll in the Business Elite Card Rewards Program and make at least $15,000 in purchases within the first 3 months of account opening. |
| Bonus Value* | $500 |
| Ongoing Rewards/Benefits | Cash back option: Earn 1.5% cash back on every $1 spent for all purchases.
Rewards points option: Earn 1 point on every $1 spent for all purchases. Get 5,000 bonus points when you spend at least $10,000 in any monthly billing period. Earn 10% point credit when you redeem points online. Up to 200 employee cards at no extra cost. |
| Foreign Transaction Fees | No |
| Annual Fee | $0 first year, and then $125 |
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Wells Fargo Business Elite Card Bonus Offer
With this card, the welcome bonus comes in one of the two forms: the cash rewards program or the rewards points program.
The cash back method will earn you $500 in statement credit after you spend at least $15,000 in the first 3 months of account opening. For the rewards points program, you will earn 50,000 bonus points if you charge the same amount in the same time frame.
In general, to be eligible for either of these offers, you must be enrolled in the Business Elite Card Rewards Program.
Here are some ideas on meeting the spending requirements.
Redeeming Your Business Elite Rewards
Note, your redemption options will vary depending on which rewards program you decide to enroll in.
Cash back redemption will be the simplest method. You will get your rewards through one of these channels:
- Credit to statement credit
- To an eligible checking or savings account each quarter (March, June, September and December)
Redeeming your points can be used in multiple ways. You can use them for:
- Cash Rewards
- Gift cards
- Air travel
- Hotels, car rentals, cruises, vacation packages and travel activities
- Brand name merchandise
Wells Fargo Business Elite Card Top Features
Earn 5,000 bonus points when your company spends $10,000 in any monthly billing period.
Get a 10% point credit when you redeem your points online.
Receive extra bonus points or discounts from Earn More Mall retailers.
Determine what type of spending is allowed to each card on the account, such as:
- Driving-related expenses, such as gas, tolls and parking.
- Business hours. Allow the use of the company card during business hours only.
- Office administration. Set the spending to office-related purchases, like printing and equipment rentals.
- Spending limits. Create a limit on how much can be spent on purchases.
- Travel. For employees who travel for business purposes.
Cash management tools included:
- Manage your spending and any account transactions online
- Avoid overdrafts and returned check fees
- Pay bills with your card directly
- Pay your credit card bill automatically
Business Elite’s online reporting is a service that helps you manage your business expenses. It comes with:
- Cardholder spending, payments and other transaction management
- Create custom reporting
- Analyze spending by category
- View spending by merchant
Other business related perks:
- Maximum of 200 free employee cards
- Create a business card that defines your business using Card Design Studio
- Choose between consolidated billing or individual cardholder billing
- Assign up to 3 administrators to manage the cards
Make purchases abroad without the fear of those foreign transaction fees creeping up on you.
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Bottom Line
For those who want to start earning rewards from their business, consider signing up for the Wells Fargo Business Elite Card®. There is small annual fee that is waived on your first year of account opening. You will get a sign up offer of $500 Cash or 50,000 Points Bonus when you spend $15,000 within 3 months of account opening.
To sweeten the deal even more, you can get 1 point per $1 spent on all eligible purchases and 5,000 bonus points when you spend at least $10,000 in any monthly billing period. We understand that this card isn’t suited for everyone. So if this is the case, feel free to check out our full list of credit card bonus promotions.
If you’re interested in cards and posts like this, check out our lists of Wells Fargo Promotions and Wells Fargo credit card promotions, here on HMB!
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