Wells Fargo Business Platinum Credit Card Review

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.

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:

• 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

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.

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.

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.