The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.


  • Wells Fargo Business Platinum Credit Card

    A good no-annual-fee business credit card for earning cash back/reward points


    • 1.5% Cash BackRewards Rate
    • 7.99% + prime – 17.99% + primeAPR
    • $0Annual Fee
    • Good – ExcellentRecommended Credit

    Wells Fargo Business Platinum Credit Card
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To collect accurate data on a wide range of credit card categories, MoneyGeek's methodology and review process are based on a comprehensive and multi-step strategy for data collection, analysis and ranking computations.

After an in-depth investigation of average spending patterns and other incentives offered by different credit card providers, our approach concludes with an approximation of a card's three-year value and a regular re-ranking procedure.

The Wells Fargo Business Platinum Credit Card benefits were designed for a small business credit card that gives you the option of earning 1.5% cash back or one point for every dollar spent. The point-earning option provides enhanced value for very specific buying patterns, but most small business owners will benefit from the cash back option.

If you wish to earn bonus rewards in specific categories or gain travel advantages, this card might not be ideal for you. Its offerings are standard relative to other cards, with few noteworthy features.

Wells Fargo Business Platinum Credit Card Overview

Because the Wells Fargo Business Platinum Credit Card has no annual fee, your business can benefit from the promotion and the introductory bonus at essentially no cost. More major Wells Fargo Business Platinum Credit Card benefits for customers are as follows:

Quick Take

  • No annual and foreign transaction fees
  • Get 30,000 bonus points or $300 as a cash back bonus by spending $3,000 on purchases within three months
  • Get 1.5% cash back on purchases by selecting the cash back option
  • Earn 1 point per dollar through the reward points option
  • Opt for reward points to earn 1,000 bonus points each month by spending at least $1,000 during the preceding billing cycle
  • 0% APR on purchases and balance transfers for the first nine months
  • Receive three balance transfer welcome letter checks by mail to use for balance transfers
  • Need to pay a 4% balance transfer fee
  • Need to pay a $24 redemption fee if you redeem points for airline tickets
  • Auto rental and travel accident insurance
  • Purchase security and zero liability protection

Important Card Details

The 0% APR introductory offer for nine months on both purchases and balance transfers could be beneficial to your business cash flow. But before you start your Wells Fargo Business Platinum Credit Card application, read the fine print and make sure you understand all terms and offerings.

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    Annual Fee

    The Wells Fargo Business Platinum Credit Card has no annual charge and can be used to provide up to 99 employee cards with no additional fee.

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    Foreign Transaction Fee

    Aside from not having to pay an annual fee, this card has no foreign transaction fees. However, try to avoid late payments and defaults, as these actions can cost you money in the form of penalties and a penalty APR.

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    Cash Back Rewards Rate

    On qualified purchases, you'll get 1.5% cash back. Each quarter (March, June, September and December), you'll get your money returned as a statement credit to your account or to an eligible Wells Fargo bank or savings account.

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    Points Rewards Rate

    For every dollar spent on qualifying purchases, you'll get one point. When your business spends $1,000 or more in any monthly billing period, you'll get 1,000 bonus points. Points can be redeemed for gift cards, cash back, goods, airline tickets and other items.

Additional Benefits

The Visa Purchase Security perk on the Wells Fargo Business Platinum Credit Card provides some purchase protection. Other Wells Fargo Business Platinum Credit Card benefits and features include the following.

  • Security features: Security features include zero fraud liability, account notifications and alerts and account monitoring and chip technology. These are standard security offerings that come with most cards.
  • Insurance for car rentals: You can get collision and theft coverage, although Wells Fargo still recommends you to check their guide to benefits for the complete terms and conditions.
  • Customer satisfaction: In the 2021 J.D. Power Credit Card Satisfaction Study of 11 credit card issuers, Wells Fargo came in eighth place and received lower scores for customer service than the average credit card issuer.

How the Wells Fargo Business Platinum Credit Card Compares To Other Cards

To provide you with a comprehensive overview of your options, it's only fair to compare the card in this Wells Fargo Business Platinum Credit Card review to other business credit cards on the market. In terms of prices and perks, MoneyGeek compared the Wells Fargo Business Platinum Credit Card to the American Express Blue Business Cash Card.

How the Wells Fargo Business Platinum Credit Card Compares

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Wells Fargo Business Platinum Credit Card

  • Annual fee: $0
  • Regular APR: 11.49%–21.49% (Variable)
  • Foreign transaction fee: 0%
  • Welcome offer: 30,000 points
  • Best for: For small business owners who already have a Wells Fargo account and like to maintain their business banking in one place
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American Express Blue Business Cash™ Card

  • Annual fee: $0
  • Regular APR: 17.49% – 25.49% (Variable)
  • Foreign transaction fee: 2.7%
  • Welcome offer: $250 statement credit
  • Best for: Good option as a cash back card for small businesses that won't exceed the higher-reward earnings cap

Frequently Asked Questions

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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