Wells Fargo To Reward Small Business Owners with New Initiative
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Financial service company Wells Fargo released its latest offering, the Signify Business Cash World Elite Mastercard.
This offering targets business owners and seeks to address the growing needs in the cash rewards business credit card industry. With this new card, it will be possible for business owners to access more value and rewards.
Wells Fargo Launches a New Offering For Business Owners
The Signify Business Cash card will give holders immense rewards and opportunities. Some of these rewards include a 2% cash reward that will be offered when one makes a business purchase.
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There will be no limit to the amount of reward that cardholders will receive through this offering. Those who have applied for new cards can also earn a cash rewards bonus after spending a given amount within the first three months of owning the card.
Business owners will also unlock more employee benefits without paying an extra charge. The other benefits to those holding cards include Zero Liability Protection and getting alerts on account activity. The cards will also allow the holders to link with their digital wallets, improving efficiency.
While commenting on the development, the Head of Small Business Card at Wells Fargo, Jeff Hoffman, opined that the company wanted to improve the management process for small businesses. One way to achieve this is by giving these businesses the tools they need to succeed.
“We designed Signify Business Cash to give business owners the spending capacity they need to better manage their cash flow with the simplicity, value, and transparency they want,” Hoffman said.
Major Benefits for Cardholders
Those holding the cards can access the Wells Fargo Business Rewards Program, which will provide flexible redemption options. The options allow cardholders to redeem cash rewards into their Wells Fargo savings or checking accounts.
The other benefit the cardholders will also get is a chance to access the World Elite Mastercard benefits suite with myriad offerings.
Mastercard also believes that this initiative will benefit small business owners by giving them access to rewards and benefits they value most. Mastercard executive John Levitsky believes the product created in partnership with Wells Fargo will make it more rewarding to own a business.
