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If you're looking for a no-annual-fee business card that allows you to earn cash rewards on all of your business expenses, the Wells Fargo Signify Business Cash® Card (Rates & Fees) is a solid option. According to Wells Fargo, it's a “deliberately simple business credit card,” giving you exactly what you need and nothing else.
Here's what you need to know about the Signify Business card, including its earning potential and benefits.
- 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.
- 2% cash rewards on purchases for your business – without caps or spending categories.
Page Contents
- Signify Business card Pros
- Signify Business card Cons
- Signify Business card Welcome Offer
- Signify Business card Benefits
- Signify Business card Earning Rates
- Redeeming Cash Rewards With the Signify Business card
- Application Restrictions and Strategy
- Cards That Compete With the Signify Business card
- Final Thoughts
Signify Business card Pros
- $0 annual fee
- Solid earning rate on all purchases
- Priority Pass membership with “pay as you go” visit fees
- No fee for adding employee cards
Signify Business card Cons
- Limited benefits
- Can only redeem rewards as a statement credit
- A single company can only have one Signify Business card account, even with multiple owners
- Charges foreign transaction fees of 3% (Rates & Fees)
Signify Business card Welcome Offer
Even though the Signify Business card doesn't charge an annual fee, it does offer a welcome bonus. Eligible new applicants can take advantage of the following offer: Earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months. That's a solid welcome offer for a card that doesn't charge an annual fee.
Plus, you can take advantage of a 0% intro APR on purchases for 12 months from account opening. After that, a Variable APR of 16.74% - 24.74% applies.
Whether your business is just getting started or you simply have some large purchases coming up, it's great to have an opportunity to avoid interest for a whole year while making monthly payments.
Related: Getting a Small Business Credit Card Is Easier Than You Think
Signify Business card Benefits
As a no-annual-fee business card, you shouldn't expect the Signify Business card to offer types of benefits you'd see on a premium business card. However, there are still a few notable benefits you can take advantage of:
Priority Pass membership
As a cardholder of the Signify Business card, you can access to more than 1,800 Priority Pass lounges with an exclusive pay-per-visit rate. You'll need to register your card and then use it to pay the entry fee.
If you don't travel frequently, it doesn't make sense to shell out a hefty annual fee for free lounge access. The Signify Business card allows you to access lounges at a low rate whenever you need.
Travel protections
When you book an airline ticket or other common carrier ticket with your Signify Business card, you receive travel accident insurance protection of up to $250,000. You'll also receive MasterRental insurance coverage to stay protected against damage or theft when you rent a car using your card.
Business benefits
You'll receive a variety of business benefits and other protections, including:
- Mastercard Business Assistant: Whether you need help with business travel or meetings, you have 24/7 access to a business assistant.
- Mastercard ID Theft Protection: Once you enroll in the benefit, you can receive detection and protection against identity theft, including monitoring, alerts, and expert resolution.
- Zero Liability Protection: You're never held responsible for unauthorized purchases on your account as long as they are reported promptly.
- Employee cards: Add employee cards at no additional cost so you can receive benefits on their spending. You have the opportunity to set spending limits, track expenses, and more.
Signify Business card Earning Rates
If you have a lot of business expenses, your rewards can quickly add up thanks to the Signify Business card‘s simple, single-category earning structure:
- 2% cash rewards on purchases for your business – without caps or spending categories.
To put this into perspective, if you have $5,000 worth of business expenses every month, you'll earn $1,200 worth of cash rewards each year. The more you spend, the more you earn.
As a business owner, you have so many other things to keep track of, so having a card without spending caps or bonus categories can save you a lot of time and effort.
Redeeming Cash Rewards With the Signify Business card
As a cash rewards-earning card, you don't have as many ways to redeem rewards for maximum value. You can apply the rewards you've earned as a statement credit to your account. Your rewards never expire as long as your account is open.
It's not clear whether you can combine your rewards with a points-earning personal card like the Wells Fargo Autograph Journey℠ Card (Rates & Fees) to unlock access to Wells Fargo's transfer partners. However, if you can, this could be a great way to get outsized value from your rewards.
Application Restrictions and Strategy
If you're ready to apply for the Signify Business card, you'll need to gather a few things:
- Your contact information, Social Security number, or ITIN.
- Your business's legal name, address, contact details, and EIN.
- Name, address, and SSN for anyone who owns 25% or more of the business.
As of now, the Signify Business card is the only business credit card that Wells Fargo offers. So, you don't have to worry about a limit on the number of business cards you can hold at one time.
Related: Understanding Rewards Credit Card Applications Rules and Restrictions
Cards That Compete With the Signify Business card
There are tons of business cards on the market, so if the Signify Business card doesn't meet your needs, here are a few other options to consider:
- If you want access to transfer partners, consider the Capital One Spark Cash. You'll also earn 2% Cash Back on every purchase, but if you also carry a Capital One miles-earning card, you can convert your cash back into miles to access Capital One's 22 transfer partners. Learn more in our full Spark Cash review.
- If you want bonus earning categories, the Ink Business Preferred® Credit Card is a great option. You'll earn 3x points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and advertising purchases made with social media sites and search engines each account anniversary year. However, the annual fee is $95, which you'll have to factor into your elevated earnings. Learn more in our full Ink Preferred review.
- If you want more business tools, you might look into applying for the The American Express Blue Business Cash™ Card. You'll have access to a variety of expense management tools, like the ability to connect to Quickbooks, pay vendors through Bill.com, and designate an account manager. Plus, you'll earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% (issued as a statement credit). Learn more in our full Blue Business Cash review.
- 2% Cash Back on every purchase
- 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site.
- 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
- 1X point per $1 on all other purchases
(Terms apply)
- Earn 2% cash back on all eligible purchases on the first $50,000 of purchases each calendar year, 1% thereafter. Cash back earned is automatically credited to your statement.
Related: This Month's Best Business Credit Card Offers
Final Thoughts
It's not too often that you come across a business credit card that offers unlimited 2% cash rewards without charging an annual fee. The Signify Business card does just that, making it a strong contender for anyone who spends heavily on business expenses. Although it's comparatively light on benefits, it's very much worth considering.
- 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.
- 2% cash rewards on purchases for your business – without caps or spending categories.
For rates and fees of the cards mentioned in this post, please visit the following links: The American Express Blue Business Cash™ Card (Rates & Fees)
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