The Wells Fargo Business Platinum Credit Card has an introductory offer of: $300 bonus cash or 30,000 bonus points (it will depend on the rewards program you apply for) whenever your company spends at least $5,000 in the first 3 months. The value of at least 30k points will be worth about $450 if you use them for traveling. This is an excellent bonus offer for a business card with no annual fees attached.
With this card you will be able to gain 1.5% cash back rate for each $1 used for qualifying purchases. However, if your company normally spends more than $1,000 in a monthly billing cycle, you would only be able receive 1,000 bonus points at a time.
If you are seeking a low priced business credit card with a good value, using this card offers you a few options. This offer will be able to give you cash back or rewards points that will give you standard benefits for business and traveling.
Wells Fargo Business Platinum Card Quick Facts
| Bonus Available | Receive a one-time $300 cash back bonus or 30,000 bonus points when signing up for the Business Card Rewards Program and make a minimum of $5,000 for expenses in the first 3 months of opening your account. |
| Bonus Value | $300 (cash option) OR $450 (points option) |
| Ongoing Rewards/Benefits | Cash back option: Gain 1.5% cash back for each $1 used for qualifying expenses.
Rewards points option. Get 1 point for each $1 used for daily expenses. Earn 1,000 bonus points when a minimum of $1,000 is spent in a monthly billing period. Gain 10% point credit if you go online to redeem your points. Up to 99 employee cards at no extra cost. |
| Foreign Transaction Fees? | No |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*If interested see our list of Wells Fargo Bank bonuses for Checking & Savings accounts.*
Pros
- Welcome bonus
- Choice of cash back or points rewards
- Free employee cards
- Business tools
- No foreign transaction fees
Cons
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
 The Ink Business Unlimited® Credit Card offers $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost. This card carries no annual fee. |
$300 Cash Back or 30,000 Bonus Points Offer
This welcome offer will depend on if you chose the cash rewards or if you would prefer the rewards points system instead.
To receive cash back, you will have to build up $300 statement credits after charging your card with a minimum of $5,000 in the first 3 months of having your account open. To receive points, you will have to build up 30,000 bonus points after charging your card with the equivalent amount at the same time period.
You must sign up for a Business Card Rewards Program to be able to qualify for cash or bonus points.
Here are some ideas on meeting the spending requirements:
Redeeming Your Business Platinum Rewards
Depending on which program you choose will show you which redemption options you will presented with.
Cash back redemptions is self explanatory. You’ll be able to get your rewards immediately as a:
- Credit to your statement, or
- To an eligible checking or savings account each quarter (March, June, September and December)
Points redemptions has a few more options that can be used towards:
- Travel (flights, hotel stays, cruises, car rentals and activities)
- Name-brand merchandise
- Cash back
- Gift cards
To receive the best value for your points it’s best to redeem them for traveling. When you redeem them for flights, the value will vary on the route information (flight time, destination, flight class, etc) The valuation for this will typically be valued as 1.5 cents for each point received. In other words, 50k points will be worth about $750 for traveling fees.
Wells Fargo Business Platinum Card Top Features
Gain 1,000 bonus points when your company has made at least $1,000 in a monthly billing period.
Receive a 10% point credit when you go online to redeem your points.
Get extra bonus points or discounts from Earn More Mall retailers.
Make use of the perks such as:
- 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
- Paying bills online
- Automatic payments
- Overdraft protection
- Choose between consolidated billing or individual cardholder billing
- Showcase your business with Card Design Studio
Buy things overseas without having to stress about any foreign transaction fees with the Wells Fargo Business Platinum credit card.
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Bottom Line
Using the Wells Fargo Business Platinum Credit Card, companies will be able to gain rewards as cash back or rewards points. Whichever you choose, there aren’t any limits to the amount your business expenses can gain.
However, if you are okay with using your rewards to their full potential with traveling, then using the rewards points would be a better choice. Using the cash back option, it would be easier and more convenient to use.
If your company spends a decent amount of money on certain options such as: dining, gas, traveling, see their competitors below.
(Visit Wells Fargo for more information)
What’s the Competition?
There are some of the Wells Fargo Business Platinum credit card’s top competitors listed below.
 The Ink Business Cash® Credit Card offers $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. You'll earn: • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year • 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year • 1% cash back on all other card purchases with no limit to the amount you can earn. This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost. |
 The Capital One Spark Miles Select offers a one-time bonus of 50,000 bonus miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening. You can earn 1.5 miles per $1 on every purchase. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy. There is no annual fee or foreign transaction fees to worry about making this card a viable option for business travel. |
 The Ink Business Preferred® Credit Card offers 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase TravelSM. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
 The Capital One Spark Cash offers a one-time $750 cash bonus once you spend $7,500 on purchases within 3 months from account opening. You're able to earn an unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions. Free employee cards, which also earn unlimited 2% cash back on all purchases Rewards won't expire for the life of the account, and you can redeem your cash back for any amount This card does come with no foreign transaction fees and $0 annual fee for the first year; $95 after that. |
 The American Express® Gold Card offers 75,000 Membership Rewards® Points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. You'll earn: • 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. • 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. • 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. • 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. • 1X Membership Rewards® point per dollar spent on all other eligible purchases. Other benefits: • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That's up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards points for Uber Eats purchases made at restaurants or U.S. supermarkets. Point caps and terms apply. • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express(R) Gold Card at U.S. Dunkin' locations. • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express(R) Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required. • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express(R) Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required. • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property. This card has an annual fee of $325 with no foreign transaction fees (See Rates & Fees). Terms Apply. |
