Wells Fargo Signify Business Cash Card review: Worth considering for cash-back-focused businesses
Editor's Note
Wells Fargo Signify Business Cash Card overview
The Signify Business Cash℠ Card by Wells Fargo has no annual fee and earns a flat 2% cash rewards rate on purchases, making it a solid choice for businesses looking for simplicity. However, it doesn't offer bonus categories or ways to maximize redemptions, so those who want more perks will need to look elsewhere. Card rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
Here at TPG, we often discuss the benefits of opening a travel rewards business credit card. If your business is in the cash-back market instead, the Wells Fargo Signify Business Cash may be right for you.
This card follows the trend of many other cards in the market by offering a flat rewards rate rather than rewards in multiple bonus categories. That makes it a worthwhile option for businesses in need of a catch-all card.
If you're interested in applying for the no-annual-fee Wells Fargo Signify Business Cash, I recommend a credit score of 670 or higher.
Let's dive into the details of this card so that you can decide if it's right for your business.
The information for the Wells Fargo Signify Business Cash card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Wells Fargo Signify Business Cash pros and cons
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Wells Fargo Signify Business Cash welcome offer
Currently, new Signify Business Cash cardholders can earn a $500 cash rewards bonus after spending $5,000 in the first three months of account opening.
That spending requirement is quite high for what you'll receive. I'm not impressed by this welcome offer, so I recommend waiting for a better one before applying for this card.
Related: The best welcome offers right now
Wells Fargo Signify Business Cash benefits
No-annual-fee cards typically don't come with a wide range of benefits, and the Signify Business Cash maintains this status quo.
You'll get benefits that are fairly standard with any rewards card, such as zero liability protection and account alerts. The business-oriented benefits of this card, including free employee cards and the ability to track your employees' spending, are commonplace as well.
While none of those are exciting, I want to note two perks that caught my attention: a Priority Pass membership and travel accident insurance.
Before you get too excited, this card's Priority Pass membership is not the same as the Priority Pass Select membership offered by premium travel rewards cards. The membership you'll receive with the Signify Business Cash only grants you access to Priority Pass lounges; you'll still need to pay individual lounge visit fees.
Given that this card has no annual fee, I can't dock points for it lacking a meaningful Priority Pass membership. Still, this benefit isn't too useful if you hold any premium travel card that provides a complimentary Priority Pass Select membership.
As for the travel accident insurance, that's a nice perk to have on a card like this. When you purchase your airline or other common carrier ticket with your Signify Business Cash, you're protected for up to $250,000. Terms apply, so make sure to read your guide to benefits closely.
Additionally, cardholders receive MasterRental insurance coverage, which provides primarily rental car coverage when you pay for the entire rental with your card and decline the rental company's collision damage waiver.
Related: How to choose a credit card for airport lounge access
Earning cash rewards on the Wells Fargo Signify Business Cash
The Signify Business Cash keeps it simple when it comes to its earning scructure. There are no bonus categories to keep track of with this card. Instead, all cardholders will earn a flat 2% back in cash rewards on purchases.
If your business makes a wide variety of purchases, a card like this makes sense to ensure you're getting a good return on your spending.
But if your business's expenses tend to fall into select categories, such as advertising and shipping supplies, a card that earns more rewards in those categories is a better option.
Redeeming cash rewards on the Wells Fargo Signify Business Cash
Just like earning, redeeming your cash rewards on the Signify Business Cash is simple.
You have three options for redeeming your rewards:
- Receive a statement credit
- Redeem for travel, such as for flights and car rentals
- Redeem for gift cards
I recommend redeeming your cash rewards for a statement credit for maximum simplicity and flexibility.
If you find that you frequently consider redeeming your Signify Business Cash cash rewards for travel, it may be worth opening a travel rewards card to get greater value from your rewards.
Related: Who qualifies for a business credit card?
Which cards compete with the Wells Fargo Signify Business Cash?
If the Signify Business Cash isn't quite what you're looking for, here are a few other options to consider:
- If you want to earn a transferable rewards currency: The Blue Business® Plus Credit Card from American Express earns 2 Membership Rewards points per dollar spent on every purchase (on up to your first $50,000 in spending each year, then 1 point per dollar thereafter). Membership Rewards points can be transferred to 21 airline and hotel partners for maximum value. To learn more, check out our full review of the Amex Blue Business Plus.
- If you want a Chase card: The Ink Business Unlimited® Credit Card (see rates and fees) earns a flat 1.5% cash back rate on all purchases. This card comes with greater travel and shopping protections than the Signify Business Cash for no annual fee. To learn more, check out our full review of the Ink Business Unlimited.
- If you want a card with a wide range of perks, The Capital One Venture X Business comes with perks like an annual $300 Capital One Travel credit when booked through Capital One Business Travel and access to over 1,300 airport lounges worldwide. It earns a whopping 10 miles per dollar spent on hotels and rental cars booked through Capital One Business Travel. You'll also earn 5 miles per dollar spent on flights and vacation rentals booked through Capital One Business Travel and 2 miles per dollar spent on all other purchases. To learn more, check out our full review of the Capital One Venture X Business.
For additional options, check out our picks for the best business credit cards.
Related: Is the Venture X Business worth the $395 annual fee?
Is the Wells Fargo Signify Business Cash worth it?
I recommend the Wells Fargo Signify Business Cash to any business owner who spends on a variety of categories each billing cycle and isn't invested in earning transferable rewards. If that doesn't describe you, I advise considering a credit card with defined bonus categories or travel-oriented benefits.
Bottom line
The Wells Fargo Signify Business Cash may not have the bells and whistles of premium-tier cards, but it offers enough to make it worth consideration. Cash-back cards can be useful in the right hands, especially when they have as simple an earnings structure as this card.
Before applying, make sure you've considered all your options and how they weigh against your business's spending habits and financial needs.
Related: Do I need a business to get a business credit card?
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.