Wells Fargo Signify Business Cash℠ World Elite Mastercard Review
The Wells Fargo Signify Business Cash℠ World Elite Mastercard offers unlimited 2% cash back on every purchase with no annual fee, and has a decent welcome offer. There is no shortage of 2% cash back credit cards out there (whether personal or business), but it's always nice to see another option from a different bank. And not all options come without an annual fee. In this Wells Fargo Signify Business Cash℠ World Elite Mastercard review, we discuss the welcome offer, the earning structure and benefits of the card.
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Current Welcome Offer
Here are the terms of the current Wells Fargo Signify Business Cash℠ World Elite Mastercard welcome offer:
- Earn $500 cash rewards after spending $5,000 within the first 3 months from account opening
- The card does not have an annual fee
The $500 is a decent welcome offer, especially since you will still earn 2% cash back on all your purchases on the way to meeting that minimum spend. So at the end of the day, you end up with $600 in your pocket after earning the welcome offer.
Wells Fargo Application Rules You Should Keep in Mind
Wells Fargo has a few of their own application rules, though fewer than many other banks. First, Wells Fargo will only approve you for one new card every 6 months, though this rule might not be as hard and fast as other bank's thresholds. But we still recommend waiting out the 6 months. Also, Wells Fargo holds you to a maximum credit limit instead of a card limit. So keep in mind how much credit you have across your Wells Fargo credits when applying.
Wells Fargo Signify Business Cash℠ World Elite Mastercard Review: Earning Rate
The Wells Fargo Signify Business Cash℠ World Elite Mastercard earns unlimited 2% cash back on every purchase. It's as simple as that.
The cash back you earn do not expire as long as your account is open.
Wells Fargo Signify Business Cash℠ World Elite Mastercard Benefits
For a card without an annual fee, the Wells Fargo Signify Business Cash℠ World Elite Mastercard offers some surprising perks. That said, none of these benefits are reasons for opening this card since other cards offer better versions of these perks.
For starters, this card offers complimentary Priority Pass membership. But don't get too excited, the card's term and Priority Pass' terms state that lounge visit fees apply. Reports indicate that these visit fees are typically $35 per visit.
The card also offers worldwide automatic common carrier travel accident insurance. But this benefit does require you to have paid for your common carrier in full with a your Wells Fargo Signify Business Cash℠ World Elite Mastercard. And there are plenty of other cards out there that you would be better off using for travel.
Lastly, the card also offers reimbursement for covered physical damage and/or theft of a rental vehicle with primary protection.
Keep in mind that the card does have a foreign transaction fee of 3%. Employee cards (the business version of authorized users) are free.
ToP's Analysis of the Wells Fargo Signify Business Card
The premise of the Wells Fargo Signify Business Cash℠ World Elite Mastercard is as simple as it gets: unlimited 2% cash back on every purchase with no annual fee. If you enjoy unlimited cash back and want a card that you can just set it and forget, then this card can be helpful. Cash back can be helpful for some depending on the situation.
The card does offer a surprising number of perks for a no-annual fee card. But none of these perks make it worth grabbing the card, since plenty of other travel cards offer better versions of these perks.
The card's welcome offer is decent at $500, and this card does not count against your 5/24 count since it is a business card.
Wells Fargo Signify Business Cash℠ World Elite Mastercard Review: ToP Thoughts
The Wells Fargo Signify Business Cash℠ World Elite Mastercard is straightforward: unlimited 2% cash back on every purchase with no annual fee. It doesn't get easier than this for those looking for a good cash back card.
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