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.
TPG featured card
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
| 2X miles | Earn 2X miles per $1 on every purchase, everywhere |
| 5X miles | Earn 5X miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Business Travel |
Pros
- Simple earning structure
- Bonus categories
- Annual credits
- No foreign transaction fees
- Flexible redemption options, including transfer partners
Cons
- Has an annual fee
- Fewer bonus categories than some competitors
- Lacks premium perks
- Limited-time offer: Earn up to 150,000 bonus miles—75,000 miles once you spend $7,500 in the first 3 months, and an additional 75,000 miles once you spend $30,000 in the first 6 months
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Receive up to $220 in credits: Receive an annual $50 travel credit for bookings through Capital One Business Travel, up to an annual $50 statement credit for purchases at qualifying advertising or software merchants, plus up to a $120 credit for Global Entry or TSA PreCheck® every four years. Terms and conditions apply
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Business Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- $95 annual fee
- Free employee cards which also earn unlimited 2X miles from their purchases
- Top rated mobile app