3 Reasons Wells Fargo's New 2% Cash Rewards Business Credit Card Looks Like a Great Value

Wells Fargo is one of America's largest banks, but it has lagged behind other big banks in its credit card offerings. While Chase and Capital One offer industry-leading rewards credit cards, Wells Fargo's credit cards haven't been so exciting.

But Wells Fargo is trying to offer better credit cards. It recently launched a new business credit card, Signify Business Cash℠ Card by Wells Fargo, which has no annual fee and unlimited 2% cash rewards. This new Wells Fargo card deserves to be considered among the best business credit cards -- here are a few reasons why.

1. 2% unlimited cash rewards

Some of the other best business credit cards offer 1.5% unlimited cash back, some offer 2% cash back with an annual fee, and some offer more than 2% cash back, but only on certain bonus categories or with a spending cap for earning the biggest rewards.

Signify Business Cash℠ Card by Wells Fargo is different. This business credit card lets you earn 2% unlimited cash rewards on all business purchases and categories. No spending caps, no limits. And this card charges no annual fee.

Here's how the 2% cash rewards from this new Wells Fargo business credit card compares to some of the other best business credit cards:

The takeaway: None of these other highly rated business credit cards offer the same combination of no annual fee and unlimited 2% cash rewards. If you want a straightforward cash back business credit card with no annual fee, Signify Business Cash℠ Card by Wells Fargo stands out from the competition.

2. $500 cash rewards bonus

Many of the best credit cards have special welcome offers, where you can earn significant extra rewards. Signify Business Cash℠ Card by Wells Fargo has a $500 cash rewards bonus offer, which you can earn if you spend at least $5,000 on your newly opened card within the first 3 months.

Getting $500 of rewards for $5,000 of spending is a "return on investment" of 10%. That's competitive with some of the other best business credit cards, which have welcome offers of $750 of cash back, or 100,000 reward points that can be redeemed for travel.

Here's how the welcome offer from Signify Business Cash℠ Card by Wells Fargo stacks up to a few comparable business credit cards:

The takeaway: If getting a big welcome offer is the most important credit card benefit for you, Signify Business Cash℠ Card by Wells Fargo might not be the best choice -- some Chase business credit cards offer slightly better bonuses. But this new Wells Fargo card's welcome offer is not far off from the most generous bonuses, and getting 2% unlimited cash rewards could sweeten the deal.

3. You can use cash rewards for travel purchases

You don't have to use your Wells Fargo 2% cash back rewards only for cash statement credits -- you can use the rewards to book travel for your next business trip. Signify Business Cash rewards can be redeemed for travel, including flights, hotels, and car rentals.

And with this Wells Fargo business credit card, you get some extra travel perks, like some extra rental car insurance coverage, and a complimentary Priority Pass membership -- but you'll have to pay per-visit fees to enter Priority Pass airport lounges.

Bottom line

Wells Fargo is getting serious about offering better rewards credit cards. The new Signify Business Cash℠ Card by Wells Fargo delivers some of the best cash rewards we've seen from a no annual fee business credit card. If you want a new business credit card with 2% unlimited cash rewards and a decent welcome offer of a bonus $500 cash rewards, check out Signify Business Cash℠ Card by Wells Fargo.