Wells Fargo Signify Business card: Unlimited 2% cash rewards with the ability to convert to valuable points
It's been a busy year for the Wells Fargo line of credit card offerings, and this card might be one of the best yet for small-business owners.
The no-annual-fee Wells Fargo Signify Business Cash® Card (see rates and fees) comes with a flat 2% in cash rewards on spending, plus the option to transfer your rewards to Wells Fargo's travel partners if you have another eligible card.
Here's what else to know about the new Signify Business Cash.
Wells Fargo Signify Business Cash Card
With no annual fee, the Wells Fargo Signify Business Cash figures to offer significant value to small-business owners who can take advantage of a flat 2% cash-rewards rate on purchases.
This beats The American Express Blue Business Cash™ Card, which also earns 2% cash back on all purchases but has a cap of $50,000 per year (then 1%). It also beats Chase's Ink Business Unlimited® Credit Card (see rates and fees), which earns 1.5% cash back on all purchases with no spending cap.
And while Chase and Amex points are more valuable than Wells Fargo points — per TPG valuations, they're worth 2.05 and 2 cents apiece, respectively, compared to Wells Fargo's 1.6 cents — the difference in earning rates means that the Signify Business Cash is still a more-than-worthy competitor in the space.
Additionally, if you have the Wells Fargo Autograph Journey℠ Card (see rates and fees) or Wells Fargo Autograph® Card (see rates and fees), you'll be able to convert your cash rewards to points and then transfer them to the issuer's five airline programs:
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Executive Club, Aer Lingus AerClub and Iberia Plus (all earning Avios)
Or one hotel program:
The Signify Business Cash card comes with a welcome offer of $500 in cash rewards after you spend $5,000 in the first three months of card ownership.
Bottom line
The busy year for the Wells Fargo line of credit cards continues, and the Wells Fargo Signify Business Cash card might be one of its most valuable offerings yet.
A flat 2% cash-rewards rate for no annual fee is valuable, and if you have a consumer Wells Fargo card and believe in the potential of the issuer's growing rewards program, that's all the more reason to consider this new card.