Wells Fargo Business Platinum Credit Card
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Highlights & Features
Rewards
- Choose one:
- Cash Back Option: 1.5% cash back for every purchase
- Reward Points Option: 1X point per dollar for every purchase, and 1,000 bonus points for spending $1,000 in a monthly billing period
INTRODUCTORY BONUS
$500 cash back or 50,000 bonus points when you enroll in a Business Card Rewards Program and spend $3,000 in the first 3 monthsBONUS RESTRICTIONS
Signup bonuses are not available if your business already has a Wells Fargo business card, or has opened or closed a Wells Fargo business card in the preceding 12 months.
Balance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | 0% for 9 months |
| Regular Balance Transfer APR | 7.99%–17.99% Variable |
| Balance Transfer Fee | 4%, $10 minimum |
Fees
| Penalty APR | N/A |
| Late Fee | Up to $50 |
| Returned Payment Fee | $29 |
| Additional Cards Annual Fee | $0 |
| Foreign Transaction Fee | None |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 24.70% Variable |
| Cash Advance Fee | N/A |
Wells Fargo Business Platinum Credit Card
Highlights
- Cash back option includes 1.5% cash back on every purchase and $500 cash back if you spend $3,000 in the first 3 months of account opening
- Reward Points option includes 50,000 bonus points after spending $3,000 in the first 3 months of account opening, 1X point per dollar, 1,000 bonus points for spending $1,000 in a month, and 10% point credit for redeeming points online
- 0% introductory APR for 9 months on both purchases and balance transfers. After that you’ll get APRs of 7.99%–17.99% Variable
- Up to 99 employee cards at no additional cost
- No foreign transaction fees
- No annual fee
ABOUT THE ISSUER
Wells Fargo
Wells Fargo has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteThe Wells Fargo Business Platinum Credit Card is a rewards card that, unlike most other cards, provides a choice between cash back and points.
You’ll need to manually enroll in either the Cash Back or Reward Points option before you can start earning rewards. There’s no fee to enroll.
The Cash Back program is simpler, and comes with a $500 cash back bonus for spending $3,000 in the first 3 months. You’ll also earn 1.5% cash back on every purchase.
The Reward Points option has a bit more to it:
- 50,000 bonus points for spending $3,000 in the first 3 months
- 1X point per dollar for all purchases
- 1,000 bonus points for spending $1,000 or more in a monthly billing period
- 10% point bonus for redeeming points online
You can enjoy a 0% introductory APR for 9 months on both purchases and balance transfers. After that you’ll get APRs of 7.99%–17.99% Variable.
You must have an existing Wells Fargo checking or savings account open for at least one year in order to apply for this card online.
