The Wells Fargo Business Platinum Credit Card has an offer for $300 bonus cash or 30,000 bonus points (depending on which rewards program you sign up for) when your company spends $5,000 within the first three months. We value the 30k points to be around $450 in value when redeeming towards travel. This is a great bonus offer for a no-annual-fee business card.
This card earns a 1.5% cash back rate on every $1 spent. But, if your company spends $1,000+ in any monthly billing period, there’s a 1,000 points bonus each time.
Looking for a low-cost business credit card with decent value? This card gives you a choice between cash back or reward points and offers standard business and travel perks.
*Wells Fargo also offers great sign-up bonuses for its Checking/Savings accounts.
$300 Cash Back Bonus or 30,000 Bonus Points Offer
Your welcome bonus will depend on whether you opt for the cash rewards program or the rewards points program.
For cash back, you’ll earn $300 as statement credit after you charge at least $5,000 in the first 3 months of opening your account. For points, you’ll earn 30,000 bonus points if you charge at least the same amount in the same time period.
To qualify for either the cash or the points bonus, you have to enroll in the Business Card Rewards Program.
Here are some ideas on meeting the spending requirement.
Redeeming Your Business Platinum Rewards
Redemption options also depend on whether you’re enrolled in the cash back rewards program or the rewards points program.
Cash back redemptions are pretty straightforward. Receive your rewards automatically as:
- A credit to your statement, or
- To an eligible checking or savings account each quarter (March, June, September and December)
Points redemptions are a little more complicated. You can use them for:
- Travel (flights, hotel stays, cruises, car rentals and activities)
- Name-brand merchandise
- Cash back
- Gift cards
Redeeming for travel may get you the best value with your points. For flights, it depends on your itinerary details (i.e. flight time, destination, flight class, etc.). Our search shows an average value of 1.5 cents per point. So, 30k points would be worth an average $450 towards travel.
Wells Fargo Business Platinum Card Top Features
Receive 1,000 bonus points when your company spend reaches $1,000 in any monthly billing period.
Get a 10% point credit when you redeem your points online.
Earn extra bonus points or discounts from Earn More Mall retailers.
Take advantage of:
- Up to 99 employee cards at no extra cost
- Wells Fargo Business Online – manage spending, payments and transfers online
- Business spending report – manage your expenses
- Online bill pay
- Automatic payments
- Overdraft protection
- Choose between consolidated billing or individual cardholder billing
- Showcase your business with Card Design Studio
Make purchases abroad without worrying about foreign transaction fees.
With the Wells Fargo Business Platinum Credit Card, companies can choose to earn rewards in the form of cash back or points. Either way, there is no limit to how much your business spending can earn.
If you’re willing to maximize your rewards with travel, the points option will do you better. The cash option would be more simple and convenient.
Does your company spend a lot in specific categories? Like dining, gas or travel? See other options below.
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