Wells Fargo Business Platinum Credit Card

U.S. News has collected the information for the Wells Fargo Business Platinum Credit Card Credit Card. The card is currently not available on the website. This information may not be current and has not been approved or given by the card issuer.

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Summary of Card

The Wells Fargo Business Platinum Credit Card was designed for small- to medium-sized businesses. The annual fee is $0 and the card offers a variety of valuable financial and risk management tools to small business owners. The reward points or cash back options available to cardholders. Cardholders can choose to earn cash back. They will receive 1.5% cashback on all purchases, with no limits. Cardholders can earn 1 point per dollar on all purchases. You also get 1,000 bonus points if you spend at least $1,000 during any month billing period. The Wells Fargo Business Platinum Credit Card has a 0% introductory rate for balance transfers and purchases. The APR increases from Prime + 7.99% to Premier + 17.99% after the initial period.

Pros

Flexible rewards for business: The Wells Fargo Business Platinum Credit Card offers flexible rewards. You can choose from a flat 1.5% cashback on all purchases or one point per $1 on all purchases. Plus, 1,000 bonus points are available every month if you spend at least $1,000 on the card. Online redemptions of points earn you an additional 10% bonus. You can either earn a $300 cashback bonus or 30,000 bonus point depending on the reward option you select. This is after you sign up for the rewards program and spend $5,000 within three month.

No foreign transaction fees: The Wells Fargo Business Platinum Credit Card doesn't charge the 3% foreign transaction charge that other credit cards levie on cash advances and purchases abroad.

Cons

The Wells Fargo Business Platinum Credit Card offers a 0% introductory rate on purchases for the first nine months. However, this is not available after that time. The APR ranges from Prime + 7.99% to Premier + 17.99% after the introductory APR ends.

Rates and fees

Cash Advance Fee4% $10, max. $175
Foreign Transaction FeeNone

Highlights

Online bill payment and banking

Wells Fargo Business Platinum Credit Card Benefits

The Wells Fargo Business Platinum Credit Card offers many other benefits including:

Maximizing Rewards

The Wells Fargo Business Platinum Credit Card rewards options are the best for maximising your benefits. You should consider your business spending habits before deciding whether you would benefit from 1.5% cashback on all purchases or one point per $1000 with 1,000 bonus points monthly for spending $1,000. You can either earn a $300 cashback bonus or 30,000 points depending on the reward option you select.

Comparative Analysis with Other Cards

Annual fee: The Wells Fargo Business Platinum Credit Card charges $0 annually. Annual fee: The PNC BusinessOptions Signature Credit Card has a sliding-scale fee (no fees for the first 12 months), which is $500 if your annual charge is less than $50,000, $250 if your annual charge is $74,999.99 to $74,999.99 per year, $125 if $75,000 to 99.9999.99 per year, and zero dollars if your annual charge exceeds $100,000.

Rewards: The Wells Fargo Business Platinum Credit Card offers you the option of a flat 1.5% cashback on all purchases, or one point per $1 on all purchases. You also get 1,000 bonus points each month if you spend at least $1,000 on the card. Redeem your points online to receive an additional 10% bonus. You can choose from three reward programs with the PNC BusinessOptions Visa Signature Credit Card: 1.5% cashback rewards, five PNC Points per Dollar in purchases or 1 Mile per Dollar in purchases.

Sign-up bonus: The Wells Fargo Business Platinum Credit Card gives you a choice of a $300 cashback bonus or 30,000 bonus point based on the rewards option you select. This is if you spend $5,000 within the first three months after opening your account. PNC BusinessOptions Visa Signature Credit Card holder newbies receive a $750 statement credit.

Benefits: The Wells Fargo Business Platinum Credit Card offers many other benefits such as access to Wells Fargo Business Online and the Business Spending Report. If you link your card with a Wells Fargo Business Checking Account, you will also get fraud alerts and purchase assurance. The PNC BusinessOptions Visa Signature Credit Card offers useful benefits such as the Cash Flow Insight App and advanced reporting tools to manage your business credit card transactions.

Annual fee: There is no annual fee for the card.

Rewards: The Wells Fargo Business Platinum Credit Card offers you the option of a flat 1.5% cashback on all purchases, or one point per $1 on all purchases. You also get 1,000 bonus points each month if you spend at least $1,000 on the card. Online redemptions of points earn you an additional 10% bonus. The Ink Business Cash Credit Card gives you 5% cashback on your first $25,000 in office supplies, internet, cable, and phone purchases, plus 2% cashback on your first $25,000 annual gas and restaurant purchases.

Sign-up bonus: The Wells Fargo Business Platinum Credit Card gives you a choice of a $300 cashback bonus or 30,000 bonus point. You can enroll in the Rewards Program and spend $5,000 within three month. After you spend $6,000 in the first three months of your account opening, you can get $900 cash back.

Benefits: The Wells Fargo Business Platinum Credit Card offers many other benefits such as access to Wells Fargo Business Online and the Business Spending Report. If you link your card with a Wells Fargo Business checking account, you will also get fraud alerts and purchase assurance. Other valuable benefits include purchase protection, extended warranty coverage, overdraft protection, and waivers for auto rental collision damage.