Wells Fargo Signify Business Cash^® Card Review: Simple Cash Rewards for Small Businesses

Wells Fargo Signify business card basics

Wells Fargo Signify welcome offer

With the Wells Fargo Signify Business Cash Card, cardholders can earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months.

If you tend to spend about $1,700 per month on expenses like inventory, packaging, shipping fees, or internet or phone service, you could easily meet the spending threshold for the welcome offer.

Wells Fargo Signify benefits and perks

While it doesn't quite stack up against more travel-focused business cards, the Wells Fargo Signify Business Cash Card does have a few travel protections and benefits worth noting.

Auto rental coverage

When you rent a vehicle, turn down the rental company's coverage and use your Wells Fargo Signify Business Cash Card to pay for the entire cost of the rental to automatically qualify for rental insurance that covers physical damages to the vehicle and theft.

This type of benefit is common across many credit cards, but it's definitely one you'll want to make sure you have as a business owner if your work requires travel and car rental.

Priority Pass membership

As a cardholder, you qualify for Priority Pass™ membership, which gives you access to over 1,300 participating airport lounges worldwide.

However, the membership that comes with the card doesn't include the per-visit cost of each lounge visit (typically, members pay $35 per visit).

Travel accident insurance

If you purchase your common carrier fare with the card, you're automatically covered by travel accident insurance. If you're injured or disabled due to a qualifying issue with the carrier, you and your loved ones can receive up to $250,000.

This is one of the areas where you'll sacrifice more robust benefits for a lack of annual fee. Many business cards with higher annual fees will include more extensive travel protections, like trip delay or lost baggage coverage.

Earning and redeeming cash rewards

Potential earnings in years one and two

Here's a look at how your cash rewards could add up with the Wells Fargo Signify. Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $1,006

Year two earnings: $506

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending, the welcome bonus, and the annual fee.

Best ways to earn

Unlike other credit cards, which may have different tier levels of rewards or special spending categories, the Wells Fargo Signify Business Cash is a simpler rewards business card.

It earns unlimited 2% cash rewards on purchases. Whether you're purchasing shipping supplies, paying your cell phone bill, buying a new copier, or taking a client out to dinner, you'll earn the same cash rewards rate.

With such a simple structure, it's a good card to use as your primary business credit card. You'll earn a solid cash rewards rate on purchases. As your business grows and you find yourself spending more in certain categories — for example, if you spend thousands each year on flights — you can add another credit card to your wallet that offers a higher rewards rate for those categories.

Maximizing your redemptions

You can redeem your rewards in the following ways.

• Cash back in the form of statement credits
• Charitable donations
• Gift cards
• Travel
• Pay With Rewards (PWR) at select retailers

Why you might want a different card

The Wells Fargo Signify Business Cash Card could be a useful, basic card for those who want straightforward rewards. But there are some drawbacks to keep in mind.

Limited travel perks

The card has limited travel benefits and protections. While some business credit cards offer perks like travel cancellation or interruption insurance and TSA PreCheck or Global Entry credits, this card is much more barebones. That's not necessarily a problem, but if your business requires a lot of travel, you'd probably be better off with a more benefit-heavy card.

Few benefits in general

As with its travel benefits, the Wells Fargo Signify Business Cash Card's other benefits are limited. You can find other business credit cards that offer more robust perks. For example, the Ink Business Preferred^® Credit Card has a $95 annual fee, but it offers more benefits like cell phone protection, roadside assistance, purchase protection, and complimentary DashPass with DoorDash (when you activate by December 31, 2027).

Charges foreign transaction fees

The Wells Fargo Signify Business Cash Card charges a 3% foreign transaction fee. If you tend to travel outside of the U.S. or purchase items from overseas, that fee can add to your overall costs. A card with no foreign transaction fee, such as the Spark 1% Classic, may be a better fit.

No balance transfer option

The Wells Fargo Signify Business Cash Card doesn't allow balance transfers, so you can't move the balance from another card to this one. If you're looking to consolidate business debt or take advantage of a balance transfer to reduce interest charges, consider one of the best business balance transfer cards instead.

Compare Wells Fargo Signify to other business cards

If you're shopping for a new credit card for your business, here's how the Wells Fargo Signify Business Cash measures up to other leading cards.

	Wells Fargo Signify Business Cash® Card	Ink Business Cash® Credit Card(Rates and fees)	Capital One Spark Cash Plus
Annual Fee	$0	$0	$150 (Refunded if you spend at least $150,000 annually)
Introductory Offer	Earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months	Earn $750 when you spend $6,000 on purchases in the first three months after account opening	Earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months
Introductory APR	0% intro APR on purchases for 12 months from account opening, then 16.74% - 24.74% Variable	0% intro APR on purchases for 12 months from account opening, then 16.74% - 24.74% Variable	N/A
Rewards	Earn unlimited 2% cash rewards on purchases for your business – without caps or spending categories.	5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases	Unlimited 2% cash back on every purchase, every day; plus unlimited 5% cash back on hotels and rental cars booked through Capital One Business Travel
Added Benefits	Auto rental coverage Priority Pass airport lounge access with "pay as you go" lounge fees Travel accident insurance	Auto rental coverage Extended warranty protection Purchase protection Roadside assistance Travel and emergency assistance Complimentary three-month Instacart membership (benefit ends 12/31/27) 5% cash back on Lyft rides through September 30, 2027	Extended warranty1 <p class="">For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.<br></p> Roadside assistance
	Apply now	Apply now	Learn more in our review

Ink Business Cash^® Credit Card

Best for: Frequent business travelers

Like the Wells Fargo Signify Business Cash Card, the Chase Ink Business Cash Card doesn't have an annual fee. But where this card outperforms the Signify is its benefits and protections. For those who often travel for business, this card's features can make it easier. Unlike the Wells Fargo Signify Business Cash Card, the Chase Ink Business Cash Card offers coverages like roadside assistance and travel and emergency assistance.

As an added benefit, business owners could qualify for credit line increases during automatic reviews that occur every six months.

Learn more in our review of the Chase Ink Business Cash Card.

Capital One Spark Cash Plus

Best for: Established businesses

The Capital One Spark Cash Plus card is for more established businesses. Unlike the Signify, the Spark Cash Plus card is a charge card. With charge cards, you must pay off the balance in full each month. For businesses where cash may be tight, that requirement may be difficult. But for seasoned businesses without cash flow issues, it means they can earn rewards on purchases without worrying about interest charges.

As with the Wells Fargo Signify Business Cash Card, Spark Cash Plus card users can earn 2% cash back on every purchase, every day.

Plus, the card doesn't charge foreign transaction fees, so it may be a better fit for you if you often travel internationally for business.

Learn more in our review of the Capital One Spark Cash Plus Card.

FAQs

Bottom line

If you have an established business with hundreds of thousands of dollars in revenue, there are likely better card options than the Wells Fargo Signify Business Cash^® Card. But for solopreneurs, and those just getting a small business off the ground, it could be a good option.

With its simple rewards structure and the lack of an annual fee, it's a great credit card for side hustles and freelance work.

For those who travel often for work or who tend to spend a lot of money in certain categories, like flights or dining out with clients, consider other cards to maximize your rewards. Our picks for the best business credit cards is an excellent resource as you shop for a new credit card.

Simple business cash rewards

Wells Fargo Signify Business Cash^® Card

5.0

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

Wells Fargo Signify Business Cash^® Card

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Rates and fees

Current Offer

Earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months

Annual Fee

$0

Rewards Rate

Earn unlimited 2% cash rewards on purchases for your business – without caps or spending categories.

Benefits and Drawbacks

Benefits

• Simple rewards structure
• Intro APR on purchases
• $0 annual fee

Drawbacks

• Charges foreign transaction fees
• Limited shopping and travel protections
• Doesn't permit balance transfers

Card Details

• Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
• Earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months.
• Earn unlimited 2% cash rewards on purchases for your business – without caps or spending categories.
• 0% intro APR for 12 months from account opening on purchases for your business. After that your variable APR will be 16.74%-24.74%.
• $0 annual fee.
• Complimentary Priority Pass™ membership access to more than 1,300 participating airport lounges worldwide with “pay as you go” lounge visit fees.
• Easily apply the cash rewards you've earned as a statement credit to an eligible account. Your rewards don't expire as long as your account remains open.
• Add employee cards: Give your employees cards of their own at no additional cost and earn rewards on their business purchases.