The Wells Fargo Business Platinum Credit Card* has a unique choose-your-own adventure structure. Cardholders can either earn a fixed cash back rate or choose to earn one rewards point for every dollar spent. For those who choose to earn points and spend at least $1,000 on qualifying purchases, you’ll earn an additional 1,000 bonus points per billing cycle. If you typically spend less than $1,000 or more than $2,000 per month on a credit card, flat rate is probably a better choice.
Awards: choose your rewards: Cash Back or Rewards Points. Cash Back Option: Earn 1.5% cash back on every dollar spent; Reward Points Option: Earn 1 point for every $1 spent and receive 1,000 bonus points when your business spends $1,000 or more in a monthly billing period.
Welcome bonus: $300 one-time cash back or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 within the first three months of account opening date
Annual fees: $0
Other advantages and disadvantages: Having to choose which rewards structure you want can be a nuisance, especially if you’re not sure what your average monthly spend will be. But if you know which style suits you best, that’s a moot point. You’ll get up to 99 additional employee cards for free and for those who choose to receive points, a 10% discount when you redeem your earnings online.