Update 4/25/24: Wells Fargo Signify Business credit card is now live.
We now have more information regarding the Wells Fargo Signify Business Cash credit card.
- $500 sign up bonus after $5,000 in spend within the first three months
- 2% cash back on all purchases
- No annual fee
- 0% APR for the first 12 months
It looks like there are other variations of the card that earn points at a rate of 1 point per $1 spent but with other bonuses:
- Business Card: 1,000 bonus Points per each monthly billing cycle that the company spends at least $1,000. Bonus Points will post in the billing cycle after the $1,000 spend threshold is achieved.
- Business Elite Card: 5,000 bonus Points per each monthly billing cycle that the company spends at least $10,000. Bonus Points will post in the billing cycle after the $10,000 spend threshold is achieved.
- Business Line/Small Business Advantage MasterCard Access Card: 1,000 bonus Points per each monthly billing cycle that the company spends at least $1,000. Bonus Points will post in the billing cycle after the $1,000 spend threshold is achieved.
Hat tip to reader Raylan & C-MontgomeryChurns
4/27 app went pending
4/28 approved; got a notification on the app
Arizona; Experian frozen; existing personal and business checking accounts.
dos this card gets charged by GTE (acc or CD) as cash advance? what about Barclays biz earner?
anyone have their bonus tracker showing inaccurately? I spent 5k but my bonus tracker only says I spent 558$. It’s been a month like this. For all my purchases, I’ve received WF points too so not sure while it’s reflecting that I only spent 558$.
See, for example, https://www.doctorofcredit.com/wells-fargo-signify-business-credit-cards/#comment-1854455
Where is the bonus tracker?
P2 applied yesterday with EX and TU frozen as sole prop, EQ pulled, today card showing up in online account with $14k CL. Has had everyday checking for a while now as wanted to do premier bonus but couldn’t get P2 to go to branch. Has one personal WF card from long time ago also.
10/24: Applied as a sole prop in CA, but WF requested tax return. Told them no.
11/24: WF wouldn’t approve without tax return, so asked to withdraw application
01/25: Applied again as a sole prop. Application went pending. Approved 2 days later. No request for tax docs this time.
03/25: Met bonus spending requirements. Statement closed on 23rd. Bonus posted 3 days later.
Bonus is in rewards pts, that one must redeem.
On 10/24, did you apply online or in branch?
When you applied again on 1/25, did you have a WF checking or savings account that had been open at least 2 months?
Opened WF checking account 3/26.
Applied for this card 3/27. Transunion and experian frozen.
Card went pending. Evening of 3/28 about 24 hours later the card showed up on my WF account and got an email that the card was comiing.
Currently at 6/24.
What do you mean by “card went pending”? Do you mean the application status went pending?
Should we assume you applied online? Can you provide the link? When I started the online application, it said I couldn’t apply online if I didn’t have a checking or savings account that had been open for at least 2 months. Yet it appears that your checking account had been open only 1 day when you applied.
You had Ex and TU frozen and were still approved the CC? Does that mean your Equifax was pulled? I’m trying to find out which bureau to do a temporary thaw to apply. Im in CA. TIA!
Is there a way to cash out the bonus to checking account? Or is it really just statement credit only?
I have send a check option as well.
They have my address wrong under the rewards section. It’s different than the rest of my account. PIA trying to get them to change it, spent a couple of days on phone getting nowhere.
Anyone approved over 5/24 in the last year or so, and if so did you have a personal Wells Fargo account?
Applied and approved for only checking account: 2/23
Applied for business card: 3/25 Afternoon (Keeping 30 days account opening logic in mind as opposed to 60)
New Card showing up in my account:3/26 morning
No approval emails though.
Are you under 5/24?
I don’t think 5/24 applies to WF cards, that’s a Chase thing (unless I missed something).
The big issue with approvals for this card is having the deposit relationship.
Yes, maybe it’s an unwritten rule. I did see a few people asking about 5/24 in this thread and there’s also some talk here about WF. https://frequentmiler.com/wells-fargo-signify-business-cash-credit-card-review/
Yes, if business cards are not counted under 5/24.
yes
The online application launched from the offer webpage begins with the question “Are you a Wells Fargo customer with a checking or savings account that has been open for at least two months? You’ll need one to apply online.”
Are you saying that you answered YES, even though you only had a 30-day-old checking account on the day you submitted your online application?
right. i said yes.
Approved in Rhode Island, with Experian and Transunion Frozen. Equifax unfrozen.
There was zero communication from Wells Fargo throughout the whole process; I applied online on a Sunday and saw Tuesday morning that a Control account was added to my app (no credit card account). The card arrived a week later and I had to call to have it added to my Control Account.
Applied as sole proprietor with no DBA. They never asked for any documents.
Are you under 5/24?
Yes I’m 3/24. But does that matter? This is Wells Fargo. And a business card.