Wells Fargo & Company (NYSE: WFC) has unveiled its latest offering for business owners, the Signify Business Cash World Elite Mastercard, designed to address needs in the cash rewards business credit card market. This new card aims to provide business owners with direct rewards and tangible value.
New Business Card: Cash rewards and no categories
The Signify Business Cash Card offers unlimited 2% cash rewards on business purchases, no limits or categories to track, and a $0 annual fee. New cardholders can earn additional cash rewards by spending a set amount within the first three months of card ownership.
Furthermore, business owners can offer benefits to their employees at no additional charge. The card also offers supplemental perks including zero liability protection, account alerts, and compatibility with digital wallets.
“At Wells Fargo, we understand that running a small business can be complex and business owners need the best tools to continue to succeed. Business owners tell us that cash rewards programs have become too complex and don't provide value,” said Jeff Hoffman, president of Wells Fargo's Small Business Cards Division. Enough for their business.” “We designed Signify Business Cash to give business owners the spending power they need to better manage their cash flow with the simplicity, value, and transparency they want.”
Wells Fargo launches the Signify Business Cash Mastercard® https://t.co/AiblDpR8Ib pic.twitter.com/lVNFAUa4uH
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Business Rewards Program: Redemption Options
Cardholders can take advantage of Wells Fargo Business Rewards for flexible redemption options. These options include redeeming cash rewards as a statement balance for your Signify Business Cash account, direct deposit into an eligible Wells Fargo savings or checking account, or for alternative uses such as gift cards or travel expenses.
Furthermore, cardholders will have access to the World Elite Mastercard suite of benefits, which includes offers such as MasterRental Insurance Coverage, Priority PassTM and Mastercard ID Theft ProtectionTM.
“The new Signify Business Cash World Elite Mastercard prioritizes the rewards and benefits that small business owners value most,” said John Levitsky, president of U.S. financial institutions at Mastercard. “We worked closely with Wells Fargo to create a product that makes running a business more rewarding.”
This article was written by Tariq Sikdar at www.financemagnates.com.