Wells Fargo Signify Business Cash℠ Card* vs. American Express Blue Business Cash™ Card
Another flat 2% cash back card worth mentioning is the American Express Blue Business Cash™ Card (terms apply, see rates and fees). If you spend less than $50,000 in a year, you'll earn the same amount of cash back, but only 1% after that. Your rewards are automatically applied as statement credits, so you can focus on what's more important. Amex Blue Business Cash also has no annual fee and 0% initial APR on purchases for 12 months from account opening date, followed by a variable APR of 18.49% to 26.49%.
The big downside to the Blue Business Cash Card is that the welcome bonus is much smaller. He will receive a $250 statement credit after he makes $3,000 in purchases during the first three months of account opening. You'll also miss out on Priority Pass membership, but you'll gain access to Amex offers and even more opportunities to earn more cash back. For most people, this tradeoff doesn't make sense. However, if you want a card with more recurring revenue potential than paying for lounge access, Amex offers can help you save even more on purchases you're already making.
Wells Fargo Signify Business Cash℠ Card* vs. Capital One's Spark Cash Select*
Capital One's Spark Cash Select doesn't give you the 2% cashback;* It should definitely be on your shortlist. This card earns you 1.5% cash back on all purchases and 5% cash back on hotels and rental cars booked through Capital One Travel. This card also comes with a hefty welcome bonus of $750 cash bonus if he spends $6,000 in his first three months of account opening.
You'll have more control over your bookkeeping with year-end summaries, purchase records, and the ability to assign an account manager. You get an employee card for free with account alerts, but Capital One also lets you set spending limits for your employees. You lose lounge access and rental coverage with this card, but you won't pay foreign transaction fees. That can mean big savings if you travel or shop abroad.
Wells Fargo Signify Business Cash℠ Card* vs. U.S. Bank Triple Cash Rewards Visa® Business Card*
If your business expenses are concentrated in a specific category, the US Bank Triple Cash Rewards Visa® Business Card is for you.* It might make more sense. 5% cash back on prepaid hotels and rental cars booked directly through the Travel Rewards Center, 3% cash back at gas stations, EV charging stations, office supply stores, mobile phone service providers, restaurants, and 1 on other eligible purchases. Earn % cashback. If you are a sole trader, a welcome bonus is easier to obtain. Earn $500 cash back when you spend $4,500 within 150 days of account opening. However, keep in mind that the amount you spend on your employee card will not help you qualify.
If you already have credit card debt, you'll appreciate that this card's initial APR offer also applies to balance transfers. 0% initial APR on purchases and balance transfers for 15 billing cycles, then a variable regular APR of 19.24% – 28.24%. A balance transfer fee of 3% of each transfer amount or a minimum of $5, whichever is greater, will apply. You can also receive a $100 statement credit towards recurring software subscriptions like FreshBooks and QuickBooks. There is no annual fee, but there is a foreign transaction fee if you travel outside of the United States for business.
