Wells Fargo has been one of the most scandal-plagued banks in recent years, and Business Platinum Credit Card is no exception. This card offers a number of dubious benefits and comes with a high interest rate. In this review, we will evaluate this card and recommend if it’s worth getting for your business. We’ll also provide insights on how to avoid some of the negative consequences that can come with this credit card.
What are the benefits of the Wells Fargo Business Platinum Credit Card?
When it comes to business cards, the Wells Fargo Business Platinum Credit Card is one of the most popular options on the market. Here are some of its key benefits:
Earn Double Mileage on Every Purchase: When you use your card for everyday purchases, you’ll earn 2 miles per dollar spent. That’s a huge perk if you’re constantly traveling for work or running your own business.
No Foreign Fees: Unlike many other cards that charge foreign transaction fees, the Business Platinum doesn’t charge extra for using your card outside the United States. This makes it a great choice for international travelers.
No Annual Fee: Another big reason to choose this card is that there is no annual fee. That means you can keep it in your wallet and use it whenever you need to make a purchase, without having to worry about paying monthly fees or spending more than you planned.
Get Complimentary Travel Insurance: If something bad happens while you’re traveling, like an accident, the Business Platinum offers travel insurance that will cover costs like lost luggage and medical expenses. This could be important if you’re planning to take trips with your business team or clients.
How to get approved for the Wells Fargo Business Platinum Credit Card?
If you are a business owner and have an excellent credit history, the Wells Fargo Business Platinum Credit Card could be the perfect credit card for you. This card offers a range of benefits that can help you manage your finances and grow your business.
To get approved for this card, you will need to meet certain requirements including having an excellent credit score and being in business for at least two years. The card also has some great rewards features, so it’s worth considering if you’re looking for a high-end credit card that can help you save money on your expenses.
The Wells Fargo Business Platinum Credit Card has an annual fee of $95, but it offers a range of benefits that can make it worth the cost. These include access to concierge services, roadside assistance, and complimentary travel insurance. In addition, the card offers discounts on travel packages and other goods and services, so it can be a great way to save money while traveling or shopping.
Is the Wells Fargo Business Platinum Credit Card a good choice for me?
The Wells Fargo Business Platinum Credit Card offers a range of benefits that can make it a good choice for some consumers. The card has an annual fee of $95, but it comes with a number of valuable features, including access to the Chase Sapphire Preferred bonus program and 50,000 bonus points after you spend $3,000 in the first 3 months your card is open. The card also has low interest rates and a lucrative sign-up bonus offer that could save you money on your first purchase. However, there are some downsides to consider before signing up for this card. The Business Platinum card doesn’t offer unlimited travel rewards like other cards in the Chase Sapphire Preferred family, and its foreign transaction fees are high compared to others. Overall, the Wells Fargo Business Platinum Credit Card may be a good choice for some consumers depending on their needs and goals.
What are the fees and penalties associated with the Wells Fargo Business Platinum Credit Card?
The Wells Fargo Business Platinum Credit Card offers a generous sign-up bonus and some excellent benefits, like complimentary travel insurance. However, there are also fees and penalties associated with this card that you should be aware of.
The annual fee is $0 for the first year, but then it jumps to $99. This is one of the higher annual fees out there, but it’s worth it for the valuable benefits offered by the card. The following year, the fee goes down to $95. In addition to the annual fee, there are also other charges associated with this card that you need to be aware of. For example, there’s a 3% foreign transaction fee which comes into effect whenever you make a purchase or withdrawal outside of the United States. Additionally, there’s a 2% cash advance fee which applies if you take out a cash loan from the bank. Finally, there’s a 1% balance transfer fee which is charged when you move your debt from another credit card issuer to Wells Fargo Business Platinum Credit Card.
All in all, these fees can add up quickly so it’s important to know what they are before signing up for this card. However, if you’re satisfied with the benefits offered by Wells Fargo Business Platinum Credit Card it may be worth considering signing up for it anyway.
The Final Word
The Wells Fargo Business Platinum Credit Card is one of the most popular credit cards on the market. It offers a number of benefits that make it an ideal option for business owners.
The card comes with a very generous welcome offer that gives cardholders 50,000 miles after their first purchase and 2X points on all spending, which is great news if you’re planning to use your card for day-to-day expenses. The card also has a host of other benefits, like travel insurance and roadside assistance.
Overall, the Wells Fargo Business Platinum Credit Card is an excellent choice for business owners who are looking for a high-quality credit card that offers plenty of benefits.