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Wells Fargo Enterprise Platinum Credit score Card assessment 2021

Wells Fargo is well-known as a financial institution that is pleasant to small companies. It presents enterprise playing cards for corporations in any respect working ranges. The Enterprise Platinum card is on the market to enterprise homeowners who have already got a banking relationship with the monetary establishment and wish to combine a credit score line for added money move.

Our Wells Fargo Enterprise Platinum 2021 assessment weighs the cardboard’s important options that can assist you decide whether or not it is price a spot in your pockets. 

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Wells Fargo Enterprise Platinum Credit score Card at a look

Wells Fargo enterprise banking prospects could discover the Enterprise Platinum an excellent choice for capital expenditures. The cardboard comes with no annual charge and the power to earn rewards on enterprise spending.

Business credit cards are just like private playing cards, apart from a couple of further options that simplify expense administration. 

Listed here are a few of the important options of the Wells Fargo Enterprise Platinum Credit score Card:

  • Card Sort: Enterprise Mastercard

  • Card Issuer: Wells Fargo

  • Greatest for: Enterprise homeowners who have already got an account with Wells Fargo

  • Credit score Line: Beginning at $2,500, based mostly on credit score rating

  • Rewards: Select from one level for each $1 spent with a quarterly bonus of 1,000 factors after spending $1,000 or decide 1.5% cashback.

  • redeem rewards: Commerce factors for journey, present playing cards and merchandise. Cashback is utilized robotically in the direction of your assertion stability or transferred quarterly to your linked Wells Fargo account.

  • Approval bonus: If you spend $3,000 within the first three months after approval, obtain a $300 cashback bonus if you happen to select cash-back rewards or 30,000 bonus factors for selecting the factors program.

  • Annual charge: None

  • APR: 11.24% – 21.24% variable APR

  • International transaction charges: None

  • Credit score rating: Good to wonderful

  • Worker playing cards: Limitless at no cost

  • Particular options: Pay firm payments with the bank card, and Enterprise spending stories can be found via the web portal

Execs and Cons

There are lots of particulars to think about when choosing a business credit card. Here is a fast overview of the Wells Fargo Enterprise Platinum Credit score Card’s strengths and weaknesses that can assist you make an knowledgeable choice. 


  • No annual, worker card or international transaction charges

  • Your alternative of cashback or factors

  • Get 10% extra factors throughout on-line redemption

  • A profitable bonus of $300 or 30,000 factors

  • Computerized cashback redemptions transferred to your checking account or utilized as assertion credit


  • Stories late funds or excessive spending to your private credit score file

  • It doesn’t assist construct your small business credit score

  • Solely accessible to Wells Fargo enterprise banking prospects


Except your small enterprise is nicely established with credit score strains from choose shops or distributors, it is in all probability troublesome to get a bank card that is secured solely utilizing your organization’s financials. Wells Fargo permits enterprise banking prospects with good private credit score the chance to use for the Wells Fargo Enterprise Platinum Credit score Card. 

Who could qualify for the Wells Fargo Enterprise Platinum Credit score Card

Earlier than you may even apply, you may have to have a Wells Fargo enterprise checking account. If you do not have one already, you might open one first by visiting your native department or signing up on-line. 

As soon as your organization has a banking relationship with Wells Fargo, you may want to indicate you’ve got a legally established enterprise. Some examples of allowable companies could be one within the early levels of a sole-proprietorship, a gig employee doing deliveries part-time, or an integrated firm. Whatever the firm’s construction, you may want to supply a tax identification quantity and private data on all of the enterprise companions concerned. 


Wells Fargo welcomes you to use at a local branch or online. Earlier than you get began, be sure you have an present Wells Fargo enterprise banking account and the next data:

  • The authorized enterprise identify, cellphone, handle

  • Date the enterprise was established

  • Enterprise tax identification quantity

  • Your Social Safety quantity

  • Your date of delivery

  • Wells Fargo enterprise checking account data

  • Enterprise possession sort

  • Variety of enterprise homeowners with 25% possession or higher

  • Family earnings quantity for all enterprise homeowners listed

  • Your organization’s gross annual income

Wells Fargo will pull your private credit score report back to decide and report your fee and utilization historical past to the buyer credit score bureaus. Any card-related exercise may have an effect on your private credit score rating, even when it is business-related. For instance, maxing out the cardboard’s restrict or making late funds may negatively impression your private credit score rating.

How the Wells Fargo Enterprise Platinum Card Credit score Card works

In the event you’re authorized for the cardboard, Wells Fargo will ship you a card within the mail. The financial institution doesn’t situation bank cards immediately from the financial institution department. Relying on the kind of rewards program you select, you may begin incomes factors that may be redeemed for journey and merchandise or money again rewards that you would be able to obtain again as money or bank card assertion credit.

In the event you did not request worker playing cards through the utility course of, you might get them organized at any time by contacting Wells Fargo at 1-800-225-5935. You’ll be able to present workers with card account entry in 4 methods:

  • Assigning view-only entry to your on-line account for as much as 25 customers

  • In the event that they have already got on-line entry, they’ll request entry via the Wells Fargo portal in “Account Settings” by including an account.

  • Name 1-800-956-4442 to request entry to their card account.

  • Staff with no Wells Fargo account can go to a department location to request on-line entry.


Wells Fargo supplies a number of security measures. Mastercard Identification Examine could require you to enter a texted one-time passcode for choose purchases. You’ll be able to arrange alerts based mostly on quite a lot of transactions and/or quantities. For workers who might be touring internationally, Wells Fargo suggests they name 1-800-642-4720 prematurely to set a journey alert to forestall Wells Fargo from freezing purchases made abroad. 

get assist

Wells Fargo presents assist at a department close to you. As well as, you might attain customer support at 1-800-225-5935.

Backside line

Having the Wells Fargo Enterprise Platinum Credit score Card that is devoted solely to your firm spending has its benefits. Separating your private from enterprise bills will get you within the behavior as your organization grows. You can give workers their very own bank cards and assign workers account entry to handle the cardboard and run spending stories. Better of all, you may earn cashback or factors in your purchases. 

Wells Fargo Enterprise Platinum Credi Card FAQ

Will the Wells Fargo Enterprise Platinum Card Credit score Card assist me rebuild my credit score?

Wells Fargo stories your small business utilization to the buyer credit score bureaus, which may show you how to increase your credit score rating. Nonetheless, you may have to have an excellent credit score rating to get authorized for the cardboard, making it troublesome to make use of the cardboard to rebuild credit score if in case you have a good to common rating.

Does Wells Fargo have enterprise bank cards for poor credit score?

If in case you have below-average credit score, the Wells Fargo Secured Enterprise Credit score Card could also be a super different. It does not depend on your private credit score as a assure. You will have to pay a safety deposit that can turn out to be your card’s credit score restrict as a substitute. Better of all, your utilization and fee historical past might be reported to the Small Enterprise Monetary Trade that can assist you construct your organization’s credit score.

How does a money rewards enterprise card work?

A money rewards enterprise bank card will award you a sure proportion of cashback for each buy. Within the case of the Wells Fargo Enterprise Platinum Credit score Card, you may earn 1.5% again. Which means qualifying purchases amounting to $1,000 will accrue $15. If you’re able to redeem the reward, you might apply it to your bank card stability, order a switch to your checking account, request a test or purchase a present card. 

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