How To Get a Wells Fargo Business Credit Card

(February 2025)

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In This Article

If you are a business owner, you know how important it is to have enough money and capital to run your operations smoothly and efficiently. You also know how challenging it can be to keep track of your spending, optimize your cash flow, and take advantage of opportunities that come your way. That’s why you need a business credit card that works for you and your business goals.

A business credit card is not just a convenient way to pay for your purchases. It is also a powerful tool that can help you build your business credit score, earn rewards for your spending, access credit when you need it, and manage your expenses more effectively. With a business credit card, you can separate your personal and business finances, simplify your accounting, and enjoy various perks and protections.

One of the best business credit cards on the market is the Wells Fargo business credit card. This card offers a range of benefits that can suit your business needs and preferences. Whether you want to earn cash back, points, or airline miles, you can find a Wells Fargo business credit card that matches your reward style. You can also take advantage of low interest rates, no annual fees, and free employee cards.

1. Who Qualifies for a Business Credit Card
2. Understand How Personal Credit Impacts Your Chances of Getting a Business Credit Card
3. Choose a Business Credit Card That Suits Your Business Goals
4. Apply for a Wells Fargo Business Credit Card
5. Take Advantages of Wells Fargo Business Credit Cards
Recap

1. Who Qualifies for a Business Credit Card

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If you have a business or are planning to start one, you might be wondering if you can apply for a business credit card. A business credit card is a type of credit card that is designed for business use and offers benefits such as rewards, cash back, discounts, and more. But who can qualify for a business credit card, and what are the criteria?

The good news is that you don’t need to have a large or formal business to be eligible for a business credit card. In fact, as long as you are a business owner or have the authority to make financial decisions for a business, you can apply for a business credit card. This includes people who work in the gig economy, freelancers, self-employed individuals, and LLC owners. Credit card issuers consider these types of businesses as valid and legitimate and evaluate your application based on your personal and business credit history, income, and expenses.

So, why should you consider getting a business credit card? There are many reasons, but here are some of the main ones:

Separate Your Personal and Business Finances

A business credit card can help you keep track of your business expenses and income, make it easier to file your taxes, and manage your cash flow. This card can also protect your personal credit score from being affected by your business activities, and vice versa.

Build Your Business Credit History

Business credit cards can help you establish and improve your business credit score, which can open up more opportunities for financing, such as loans, lines of credit, and trade credit. A good business credit score can also help you negotiate better terms and rates with your suppliers and vendors.

Access More Credit and Perks

A business credit card can offer you a higher credit limit than a personal credit card, which can help you cover larger or unexpected expenses and take advantage of opportunities for growth. Wells Fargo business credit cards can also provide you with valuable perks, such as travel insurance, purchase protection, an extended warranty, and more.

As you can see, a business credit card can be a powerful tool for your business, whether it’s big or small, online or offline. However, before you apply for one, make sure that you meet the card’s other requirements, such as the annual fee, interest rate, minimum payment, and rewards program. Also, compare different cards and choose the one that best suits your business needs and goals.

2. Understand How Personal Credit Impacts Your Chances of Getting a Business Credit Card

Your personal credit history is one of the factors that the credit issuer considers when you apply for a business credit card. This allows the financial institution to see how well you have managed your past debts and how reliable you are as a borrower. If your personal credit history is poor or insufficient, Wells Fargo may reject your application. But don’t worry; there are business credit cards that cater to different credit levels. 

The credit issuer cares about your personal credit score because it wants to make sure that you can pay back the money you borrow, even if your business goes bankrupt. So, compare different card options to find the ones that suit your credit profile. For example, some cards may require a high credit score to qualify, while others may offer more lenient criteria for people with low or limited credit histories.

3. Choose a Business Credit Card That Suits Your Business Goals

There are many business credit card offers on the market, but not all of them are suitable for your business. To find the best one, you need to consider three factors: your business size, your spending habits, and your needs.

Business Size

The size of your business determines the type of features and benefits you need from a business credit card. If you run a small business or work as a freelancer, you may want a simple and easy-to-use card that helps you separate your business and personal expenses. If you manage a larger organization, you may need a more sophisticated card that offers you tools to track and control your spending, such as detailed expense reports, multiple employee cards, and spending limits.

Spending Habits

Your spending habits affect the kind of rewards and costs you get from a business credit card. Depending on how much you spend, where you spend it, and how you pay your balance, you may favor one card over another. For example, if you travel a lot for business, you can benefit from a card that rewards you with travel points, waives foreign transaction fees, and protects you with travel insurance. If you face cash flow challenges, you may appreciate a card that charges you a low interest rate, gives you a long grace period, and grants you a high credit limit.

Needs

Lastly, think about what you need from a business credit card, both now and in the future. For example, if you need to make a big purchase or grow your business, look for a card that offers you a 0% introductory APR, a generous sign-up bonus, or a balance transfer option. If you want to improve your business credit, seek a card that reports to the major business credit bureaus, or if you want to streamline your accounting, prefer a card that integrates with your accounting software or provides you with clear and comprehensive statements.

4. Apply for a Wells Fargo Business Credit Card

Once you decide which business credit card is best for you, you can apply for it online, by phone, or in person. Ensure you provide some information about yourself and your business, such as your:

  • Name, address, phone number, and email
  • Business name, address, phone number, and email
  • Business structure, industry, and tax identification number
  • Annual business revenue, expenses, and net income
  • Personal income and monthly housing payment
  • Social security number and date of birth
  • Authorization to run a credit check and verify your information

The application process may take a few minutes or a few days, depending on the card issuer and the complexity of your situation. You may be approved instantly, or you may need to provide additional documentation or wait for a manual review. Once you are approved, you can receive your card in the mail, along with your card agreement and other information. So, activate your card and set up your online account before you can start using it.

5. Take Advantages of Wells Fargo Business Credit Cards

Wells Fargo has a range of business credit cards, each with its own unique features and benefits. Here are some of the common ones:

Rewards

With Wells Fargo business credit cards, you can earn rewards points or cash back on every purchase, with extra rewards for certain types of spending, and use your rewards for cash, travel, gift cards, merchandise, or statement credits. Also, transfer your rewards to other Wells Fargo accounts or to participating airline partners; this helps you make the most of your spending and enjoy the perks of being a loyal customer.

Security

Wells Fargo business credit cards are equipped with chip technology, fraud protection, and zero liability for unauthorized transactions. Set up alerts, notifications, and controls to monitor and manage your card activity and also use your card with digital wallets, such as Apple Pay, Google Pay, and Samsung Pay. This way, you can have peace of mind and convenience when using your card.

Service

Wells Fargo business credit card customers have access to 24/7 customer service, online banking, mobile banking, financial tools, and free access to your FICO score, credit education, and credit management tips. You can also enjoy benefits from Visa or Mastercard, such as travel and emergency assistance, purchase protection, an extended warranty, and more. 

Wells Fargo business credit cards are designed to help you grow your business and achieve your goals. Whether you need cash flow, rewards, or flexibility, Wells Fargo has a card for you. Apply today and see how Wells Fargo can help you succeed.

Recap

A Wells Fargo business credit card can be a valuable asset for your business, as it can help you pay for and track your expenses, earn rewards, and access credit when you need it. To get a Wells Fargo business credit card, you need to be a business owner or authorized to make financial decisions for an established business.

You must also have a good personal credit history, or at least meet the minimum requirements for the card you want, and also consider your business size, spending habits, and needs before you apply, so you can choose the best card for you. You can apply for a Wells Fargo business credit card online, by phone, or in person, and you may get approved instantly or within a few days. Once you get your card, enjoy the features and benefits that Wells Fargo offers, such as rewards, security, service, and more.

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