Wells Fargo Signify Business Credit Card Review
Key Takeaways
The Wells Fargo Signify Business Cash card offers an attractive welcome bonus for a card with no annual fee. However, we only recommend this card if you already have a Wells Fargo Autograph card to transfer your rewards to. The $500 sign-up bonus can be transferred to an Autograph card and converted to 50,000 miles for use with transfer partners. Without an Autograph card, this card has limited value due to its lack of valuable redemption options. Though it's a business card that won't count against your 5/24 status, these limitations make it less appealing.
Why This Card Could Be Right For You
As a no annual fee business card that doesn't affect your 5/24 status, the $500 cash back welcome offer (after spending $5,000 in the first three months) is quite competitive. This amount exceeds what most no-fee cards offer. This card simplifies rewards earning with a flat 2% cash back on all purchases with no spending caps.
The card includes several notable travel benefits, including:
- Travel accident insurance up to $250,000
- MasterRental Insurance Coverage (primary protection for physical damage and theft of rental vehicles)
- Priority Pass Membership (though this is "pay as you go," meaning lounge visits still incur fees)
This card offers various redemption options, but unfortunately, direct travel redemptions aren't available. You can redeem rewards as:
- Statement credits (starting from just $1)
- Credits to qualifying Wells Fargo credit cards or checking accounts
- Cash at ATMs with your Wells Fargo debit card
- Gift cards
If you have a loan or mortgage through Wells Fargo, you can also apply rewards as credits toward those accounts. For maximum value from credit card rewards, transferring to airlines and hotels is typically best, but this card doesn't allow that directly. You must own a Wells Fargo Autograph card to transfer points to travel partners.
When The Usual Advice Doesn't Apply
This card might not be a good fit in these situations:
- If you don't have a Wells Fargo Autograph card, you're limited to cash back redemptions. However, with an Autograph card, you can transfer points from this card to your personal Autograph card and then to travel partners.
What to Know About Wells Fargo Go Far Rewards
Wells Fargo Rewards should only be considered when you've exhausted Chase, Amex, or Capital One
- One unique feature of Wells Fargo Rewards is that they can be transferred or gifted to another Wells Fargo customer
- The Autograph cards are the only cards with transferable miles to partners
- Wells Fargo doesn’t have the same robust list of transfer partners as other Rewards programs like Chase or Amex
- But there is still value to be had, like transferring to Flying Blue and redeeming miles for one of their monthly Promo Rewards
How The Wells Fargo Signify Business Credit Card Fits In The Wells Fargo Go Far Rewards Ecosystem
Wells Fargo has developed a modest but valuable rewards ecosystem that requires understanding how their different cards interact. The Signify Business Cash card serves a specific role within this system:
- Transfer Partnership Limitations: Wells Fargo now offers several airline and one hotel transfer partner, but these transfers are only possible through personal Autograph cards.
- Points Pooling Strategy: If you have a Wells Fargo Autograph or Autograph Journey card, you can transfer points from your Signify Business Cash card to access these valuable travel partners.
Wells Fargo's current credit card lineup includes both business and personal options, though with varying degrees of flexibility:
- The Signify Business Cash is Wells Fargo's sole business card offering
- Personal cards include the Autograph, Autograph Journey, Attune, and Active Cash
We generally don't recommend the Attune or Active Cash cards for the same reasons we're cautious about the Signify Business Cash — their limited redemption value without being part of a larger strategy.
For business owners approaching their 5/24 limit who need a business card, numerous competitors offer no-annual-fee options with comparable sign-up bonuses and benefits. However, the strongest alternative is the Chase Ink Business Cash card, which ranks among our top recommendations for business cards. Like the Signify Business Cash, it requires a companion card (in this case, a personal Chase Sapphire card) to maximize value through point transfers. The key difference is that Chase's transfer partners generally provide more consistent value than Wells Fargo's more limited selection.
Card Information
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee | 1st Year Value |
|---|---|---|---|---|---|
| 50,000 | $5,000 | 1.4 ¢ | $0 | $0 | $770 |
| Best Value | Differentiating Perks | Rules |
|---|---|---|
| No 5/24 |
Award System
Current Offer
$5,000 spend.
Card Benefits
Complimentary membership access to more than 1,300 participating airport lounges worldwide
Using this card gives you secondary car rental insurance coverage up to $50,000 in collision damage and theft per incident.
Protected with Travel Accident Insurance of up to $250,000
Point Transfer Options
Transfer To Spouse/Partner Yes - $$
Transfer To Friends Yes - $$
Travel Partner Transfers
Outside Point System Wells Fargo Go Far Rewards
Transfers Out To
1:1 71% value retained
Wells Fargo Signify Business Application Rules
Card approval not subject to 5-personal-cards-in-24-months rule
