Wells Fargo business credit card requirements

To qualify for a Wells Fargo business credit card, you'll need a legally registered business, a good personal credit score, and steady business revenue. Wells Fargo also asks for documentation like your Employer Identification Number, business structure details, and recent financial statements.

What makes Wells Fargo business credit cards unique?

Wells Fargo business credit cards stand out for their flexibility, simple cash rewards program, and tailored tools for managing business spending. Currently, Wells Fargo offers only one business credit card to new applicants.

The Wells Fargo Signify Business Cash® Card offers unlimited 2% cash back on purchases, with no rotating categories or caps to track. That’s a flat rate across all business expenses, which can simplify your bookkeeping and maximize returns.

You also get access to no annual fee employee cards, which let you set individual spending limits and monitor purchases in real-time. This can help you manage cash flow without micromanaging every transaction.

Wells Fargo integrates card activity with online banking, making reconciling expenses and preparing for tax season easier. For businesses already using Wells Fargo for checking or loans, keeping all financial tools in one place can streamline operations.

As one of the largest U.S. banks, Wells Fargo serves 1 in 3 households. That scale translates into nationwide branch access, dedicated business support, and a familiar interface if you have used the bank before.

Basic eligibility criteria for a Wells Fargo business credit card

Wells Fargo offers the Signify Business Cash® Card as its primary business credit option. To qualify, you need to meet certain requirements that help the bank assess whether your business can manage credit responsibly. These criteria focus on your business structure, financial track record, and ability to repay.

Business entity requirements

Your business must be legally registered and operating in the United States to apply. Wells Fargo accepts applications from sole proprietors, partnerships, limited liability companies (LLCs), and corporations.

You can apply using your Social Security Number if you run your business as a sole proprietorship. However, your business must still be real and active. Wells Fargo may ask for proof, such as a business license, DBA registration, or tax documents showing business income.

If your business is an LLC or corporation, you will need an Employer Identification Number (EIN) from the IRS. Make sure your business name, legal structure, and tax ID match what you report on your application. Any mismatch can cause delays or result in denial.

Wells Fargo may also ask for information about your business ownership. If you share ownership with partners, be ready to list their names and ownership percentages.

Minimum time in business

Wells Fargo does not publish a fixed rule for how long your business must be active, but your approval odds improve with a track record. Most approved businesses have been operating for at least six months to one year.

If you have just launched, you can still apply, but Wells Fargo will rely more heavily on your personal credit history and income. Keep in mind that a new business with no proven revenue may raise risk concerns for the bank.

Before applying, organize your business records. If you registered recently, be ready to show supporting documents that confirm when your business started and how it has grown since then.

Revenue expectations and financial health

While Wells Fargo doesn’t set a minimum revenue requirement, your business needs to show signs of financial health. You will be asked to provide your annual business revenue and estimated monthly spending during the application. The bank uses this information to understand how your business earns, spends, and manages money.

You'll make a stronger case if your numbers show a steady income and responsible spending. The bank may also check your existing banking activity, especially if you already have a Wells Fargo business account. Consistent deposits, low debt, and positive cash flow build trust.

Documentation you’ll need to apply

Wells Fargo requires specific documents to verify your identity, confirm your business is legitimate, and assess your financial stability. Submitting complete and accurate information gives you the best chance of approval and helps avoid delays.

Business verification documents

You must prove that your business is legally registered and active. Wells Fargo will ask for your business name, address, and the type of business structure you operate under. If you have registered your business with a state or local agency, you should have a business license or formation document to show this.

Financial statements and tax returns

Wells Fargo uses financial records to understand whether your business can handle credit responsibly. You should be ready to share your most recent business tax return along with key financial statements. This typically includes a profit and loss statement that shows your income and expenses over time and a balance sheet that reflects your assets, liabilities, and equity.

If you don’t have formal financial statements prepared, recent business bank statements may be accepted as an alternative. If your business is new and has not filed a return yet, Wells Fargo may allow you to submit personal tax records or income documentation instead. This is especially common when your personal credit is the main basis for approval.

Personal identification and guarantor info

Since the Signify Business Cash® Card from Wells Fargo requires a personal guarantee, you must provide documentation confirming your identity. This includes a valid government-issued photo ID, such as a driver’s license or passport. You will also be asked for your Social Security Number, date of birth, and the percentage of the business you own.

If other individuals own a significant share, typically 25% or more, Wells Fargo may also require their personal information. This is part of federal compliance rules designed to prevent fraud and ensure transparency. When you sign a personal guarantee, you agree to repay the debt if your small business can’t. That’s why the bank needs a clear picture of who's responsible for managing the account.

How to strengthen your application before you apply

If you're preparing to apply for a Wells Fargo business credit card, a strong application can improve your chances of approval and possibly qualify you for better terms. Wells Fargo looks at both your business profile and your personal credit history. Before you submit anything, take time to review where you stand and fix weak spots.

• Check your personal credit score. Wells Fargo evaluates your personal credit as part of the approval process. Aim for a FICO score of 670 or higher. If your score falls below that, review your credit report for errors, pay down outstanding balances, and avoid opening new credit lines in the months leading up to your application.
• Build or improve your business credit profile. If you have not established business credit yet, open a business bank account and set up accounts with vendors that report to credit bureaus. Pay all bills on time and keep balances low. A clean payment history helps prove that your business can manage debt responsibly.
• Separate business and personal finances. If you have been using your personal account for business expenses, it’s time to split them. Lenders want to see that your business operates independently. Keep business income, expenses, and tax records in one place. This makes it easier to provide documentation and proves that your business is structured and well-managed.
• Organize your financial documents. Collect recent tax returns, profit and loss statements, and bank records. Make sure they are accurate, up-to-date, and ready to submit. You'll present a stronger case to Wells Fargo underwriters if your records show positive cash flow and consistent revenue.
• Reduce existing debt. High debt levels can signal risk. If you carry balances on business or personal credit lines, pay them down before applying. Lower credit utilization shows that you are not overextended and that you have room to take on new credit.
• Establish a relationship with Wells Fargo. If you don’t already have an account, consider opening a business checking or savings account with Wells Fargo. Using the bank’s services shows you take business finances seriously and gives the bank more context when it evaluates your application.

Why companies choose Ramp

Traditional business credit cards often create friction when your company needs to move quickly. Between personal guarantees, lengthy approval processes, and limited spending controls, conventional cards can slow down operations rather than accelerate them.

Ramp eliminates these bottlenecks by focusing on your company's financial health instead of personal credit requirements. You get instant virtual cards, automated expense management, and real-time spending controls that scale with your business growth.

Companies across industries choose Ramp because it transforms how they handle procurement, payments, and financial oversight. Instead of juggling multiple systems and manual processes, teams can manage everything from one platform.

As Advisor360° grew, its finance team struggled to manage an increasingly complex web of procurement and payment tools. With over 500 employees to support, the team juggled multiple systems.

Approving a business purchase order meant switching between platforms to match contract terms with invoice details. Payment workflows required manually importing data and coding each invoice by hand.

Looking for a way to consolidate and automate their workflows, the team implemented Ramp. With all the contracts, invoices, vendor data, and payment approvals in one system, the finance team could track and manage each transaction from start to finish. That visibility reduced back-and-forth and gave decision-makers what they needed to act faster.

After moving to Ramp, Advisor360° cut its intake-to-pay cycle by 50%. The team also achieved a 4x return on investment within a year and saved $80,000 through cashback and tool consolidation.

For a company built on speed and technology, simplifying procurement and accounts payable was about scaling with control. Ramp helped Advisor360° move faster, reduce manual work, and regain full visibility into vendor spend.

Make your credit tools work harder for your growth

Getting a business credit card is about choosing a tool that supports how your business spends, tracks, and grows. Wells Fargo offers a simple, well-integrated solution for businesses that already bank with them or want predictable reward points and solid infrastructure.

However, approval depends on more than just filling out a form. You need strong documentation, a clean credit profile, and a business setup that shows you're ready for the responsibility.

Ramp's corporate card stands out by eliminating personal credit checks and personal guarantees. Instead, it focuses on your company's financial health. This approach safeguards your personal assets and streamlines the approval process.

With Ramp, you gain access to unlimited virtual and physical cards, enabling precise control over employee spending, without any annual or foreign transaction fee. The platform's built-in expense management tools automate receipt collection and categorize transactions in real time, reducing manual workload and enhancing financial accuracy.