Wells Fargo Business Platinum Credit Card Reviews: Is It Worth It? (2024)Reviews, rates, fees, and rewards details for The Wells Fargo Business Platinum Credit Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo membership fees0% intro APR on purchases0% intro APR on balance transfers$300 initial rewards bonusBalance transfer feeRequires good/excellent credit
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
We're sorry, but the Wells Fargo Business Platinum Credit Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. For customer service call: 800-225-5935
Wells Fargo Business Platinum Credit Card has a rating of 3.7/5 according to our proprietary credit card rating system. This rating reflects how appealing Wells Fargo Business Platinum Credit Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Business - Finance New Purchases'. To break it down further, Wells Fargo Business Platinum Credit Card earned a score of 5.0/5 for Fees, 5.0/5 for Rewards, 3.2/5 for Cost, 3.5/5 for APR, and 3.0/5 for User Reviews.
WalletHub Rating Breakdown
User Reviews
3.0/5
116 reviewsRead and write reviews
Editor’s Review
4.6/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.6
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Business - Finance New Purchases” for this card.
Fees
5.0
Rewards
5.0
Cost
3.2
APR
3.5
3.6/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$0
APR on Purchases
0% intro APR for 9 months, 15.99% - 25.99% (V) APR after that
Balance Transfer
0% intro APR for 9 months, 15.99% - 25.99% (V) APR after that
Balance Transfer Fee:4% (min $10)
Rewards
Get $300 cash back bonus when you spend $3,000 in the first three months. Enrollment in the cash back rewards program is required.
Earn 1.5% cash back for every $1 spent on net purchases.
Collect your cash back automatically as a credit to your account or to your eligible checking or savings account each quarter.
Wells Fargo Business Platinum Credit Card's Additional Info
Best for Businesses with annual sales up to $2 million. Up to 99 employee cards with no additional fee.
Manage spending, payments, and transfers online with the help of Wells Fargo Business Online® and Business Spending Report.
You can choose between consolidated billing or individual cardholder billing.
Online bill pay and automatic payments to pay your credit card bill automatically.
Keep your business protected with Zero Liability Program, Rapid Alerts, Fraud monitoring and Purchase Assurance®.
Wells Fargo Business Platinum Credit Card Pros & Cons
No membership fees
0% intro APR on purchases
0% intro APR on balance transfers
$300 initial rewards bonus
Balance transfer fee
Requires good/excellent credit
Questions & Answers
Can't find what you are looking for? Submit your question about Wells Fargo Business Platinum Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Yes, the Wells Fargo Business Platinum Credit Card does work with QuickBooks, as long as you're signed up for Wells Fargo Business Online. If you haven't done that already, you'll need to enroll first.
You can connect the two accounts from QuickBooks Online. It works directly by connecting online, without having to download any files on your device. Just go to the Banking tab and click on “Connect Account”, then search for Wells Fargo in the list. Select Continue and...
Yes, this card provides such a report, which you can access online: https://www.wellsfargo.com/online-banking/my-money-map/my-spending-report/ . Hope this helps.
Points expire 5 years from the month in which they are earned, so make sure to redeem before that. You should also try to keep your account in good standing. If you fail to make your payments on time or there's fraudulent activity on your account, you may not be allowed to participate in the rewards program...
Yes, the Wells Fargo Business Platinum Credit Card does a hard pull on your credit report when you apply for the card. A hard pull usually results in a slight decrease in an applicant's credit score, but only for a short period of time. The hard inquiry allows Wells Fargo to determine your credit risk and ultimately decide whether you'll be approved for an account.
You should note that because it's a business card, it will also do a hard...
Share your insights and review for the Wells Fargo Business Platinum Credit Card
5
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3.0
116 reviews
116 reviews
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Kkroll_ih @Kkroll_ih
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1 Star Rating
I started an LLC in January. I use Wells Fargo for my personal banking so opened a business account with Wells Fargo. I applied for a platinum business credit card in March using my personal information, which included excellent credit. I have submitted the paperwork three times. One time, I even dropped it off at my local branch, but Wells Fargo does not have any record of it, so they closed my application! I have spent hours on the phone with them. They wanted me to reapply, but I convinced them to reopen my application. They needed to rerun my credit and I needed to submit documents. It is now late July and I STILL do not have a business credit card! I need to start traveling for jobs, so I will need to apply elsewhere. This has been the WORST banking experience that I have ever had!
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Wanda O'Brien @wcapowski
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1 Star Rating
Beware if you use the rewards! I ordered an item in mid-November. It was "not offered" any more so I agreed to the substitute. Then they sent the wrong product. Now a month later with Christmas fast approaching they are saying they cannot help me until they hear from their "vendor" who has to send a return label before they can send me what I ordered over a month ago!
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foxstew @foxstew
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1 Star Rating
Wells Fargo cc only let's you download 2 months worth of transactions to your desktop software (quickbooks) All my other business cards allow up to 18 months. This leaves me with thousands of transactions that have to be manually entered! I will no longer use this card!
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Kyle Ervin @kyle_ervin_52
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4 Star Rating
I operate a small business and use Wells Fargo for both my checking and savings accounts. When I needed a line of credit it was a simple and painless process to get the Platinum credit card that they offered. It has served me well and been reliable to this day, I fully recommend it. The annual fee is very small and the interest rates are acceptable, especially if you are just starting your business and don't have a long credit history yet. The customer service at Wells Fargo is exceptional and they do a great job at not making you feel bad for having low credit.
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Sujatha Swaminathan @sujatha.swaminathan.9
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5 Star Rating
I love this credit card.I enjoy using this credit card and as I have my savings and checking account also with WellsFargo, I was able to link with this credit card.The rewards program are the good features in this card.According to my opinion Wells fargo Platinum card is the good card to establish the credit history.They have relatively low annual fee compare to other secure cards. Their automated voice response is good.Overall I enjoy using this card.
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Brodie Foster @brodief
the card this page & review about is not a "secured card" and its a business credit card. if your going to write reviews it would be great if you wrote a review on the product the page is about. SMH
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Chelsea Ray @chelsea.ray
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5 Star Rating
I really enjoy this credit card. It was my first one, and I like being able to have rewards and link to my Wells Fargo checking and savings account. Many friends of mine also have this card, and it's nice to be in the socially accepted "group." The rewards are very good, and the card has the Visa Pay Wave option which is a neat and fun way to do things. My credit card was stolen, and Wells Fargo was great at customer service and helped me without any questions asked. I also like the option to customize my card with different pictures and such - which I know a lot of credit cards have nowadays, but even without customizing the card, the horses and blue background make an aesthetically pleasing and classy card (of course, that's the most important part).
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+ 110 WalletHub users submitted a rating without writing a full review
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