Get a $500+ Bonus With This Wells Fargo Small Business Card (And It Won’t Appear on Your Credit Report)

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If you’ve had a Wells Fargo checking or savings account for 1+ year, you can apply for the Wells Fargo Business Platinum Credit Card, which comes with a sign-up bonus of either $500 or 50,000 points after meeting the minimum spending requirements, depending on whether you want to earn cash back or points.

That’s a good deal for a card with NO annual fee!  Plus, it won’t appear on your personal credit report, which is helpful if you’re trying to stay under 5/24 in order to qualify for Chase cards.

This offer is valid through March 31, 2019.  If you have small business income and you’re eligible to apply, this card could get you $500 cash or, if you opt to earn points, a coach ticket worth up to $600!

If you’re not a Wells Fargo customer, be sure to check out our picks for the best small business credit cards.

I’ll explain how the card works!

Wells Fargo Business Platinum Card With $500 or 50,000 Bonus Points

Through March 31, 2019, folks who’ve had a Wells Fargo checking or savings account for 1+ years can apply for an increased bonus on the Wells Fargo Business Platinum Credit Card.  When you spend $3,000 in the first 3 months of account opening, you can choose between:

• $500 cash bonus and 1.5% cash back per $1 spent on purchases
• 50,000 points and 1 point per $1 spent on purchases, plus 1,000 bonus points when you spend $1,000+ in any billing period

As a cash back card, the sign-up bonus is worth $500 cash.  And you’ll earn a flat 1.5% cash back on purchases.  Simple enough.

But as a points-earning card, the sign-up bonus value is variable.  You can redeem your points for gift cards, flights, rental cars, or discounts on airfare.  For example:

• 10,000 points are worth $100 toward a rental car or airfare
• 25,000 points get you a round-trip coach flight within the mainland US, up to $400
• 45,000 points get you a round-trip coach flight from the US to Canada, the Caribbean, or Mexico, up to $600
• 100,000 points get you a round-trip coach, Business Class, or First Class flight to a destination of your choice, up to $1,500

Points are worth between 1 cent and 1.5 cents each.  But be aware, there’s a $24 fee to book airfare, which eats into the value you’ll get.  Although you get a 10% bonus when you redeem points online.  So the ultimate value depends on how you redeem your points.

That said, if you spend exactly $1,000 in a billing cycle, you’ll earn 2,000 points, thanks to earning 1,000 bonus points.  At the low end, that could be worth $200, which could make this closer to a 2% cash back card.

Wells Fargo business cards don’t appear on your personal credit report.  So if you’re trying to stay below 5/24 and looking for new cards, this one’s worth considering.

Keep in mind, you can’t even begin the application if you don’t already have a Wells Fargo checking or savings account that’s at least 1 year old.

But if you meet the criteria and have small business income, it’s worth a shot!  Folks also report success getting pre-approval offers in-branch, if you have trouble applying online.

Other Big Business Card Offers

Link:   Which Business Credit Card Is Best? We’ve Done the Research!

As good as this deal is, don’t worry if you have to miss out.  Consider these instead:

• Ink Business Preferred℠ Credit Card – 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening
• Ink Business Cash℠ Credit Card – $500 cash back (50,000 Chase Ultimate Rewards points!) after spending $3,000 on purchases in the first 3 months of account opening
• Capital® One® Spark Miles for Business – Up to 200,000 Spark miles after meeting tiered minimum spending requirements
• The Hilton Honors American Express Business Card – 125,000 Hilton points after making $3,000 in eligible purchases within the first 3 months of account opening

Here are full details and perks for each of these cards.