Costs & Pricing

Metric	Wells Fargo Signify Business Cash® Card	Local/Regional Credit Union Business Cards
Annual fee	$0	CATEGORY: Often $0; some charge $15–$25 waived with spend — confirm Schumer, not marketing. EXAMPLE A BECU Low Rate and Cash Back: None (rates PDF 1 Sep 2026). EXAMPLE B NFCU GO BIZ: None.
Employee card fee	$0 (no published cap on number)	CATEGORY: Usually $0; some premium tiers charge per extra card after N cards. EXAMPLE A BECU: not disclosed as a dollar fee; employee cards offered with spend-limit controls. EXAMPLE B NFCU: offered; dollar fee not disclosed publicly.
Purchase APR	16.74%–24.74% variable after intro (Prime + 9.99% to +17.99%; Prime 6.75% as of 09/02/2026; max APR 29.99%). Disclosures accurate as of Dec 2025.	CATEGORY: Variable, Prime + margin, often ~11%–29%. EXAMPLE A BECU Low Rate: 14.49%–26.49% variable (WSJ Prime + 7.74%–22.24%), rates PDF 1 Sep 2026. EXAMPLE A Cash Back: 16.99%–28.99% variable (same Prime + margin method). EXAMPLE B NFCU: 16.65%–18.00% variable as of 1 Jul 2026 product footnote; will not exceed 18.00% (agreement); adjusted quarterly off Prime. FAQ also printed 16.90%–18.00% as of 1 Dec 2025 — use 1 Jul 2026 footnote unless a newer PDF is issued. Illustrative: CU1 (AK) 10.25% (Prime + 3.50%) as of 3 Apr 2026; SDCCU 11.74% (Prime + 4.99%, floor 9.99%) effective 30 May 2026.
Intro APR (purchases)	0% for 12 months from account opening, then standard variable purchase APR	CATEGORY: Common on some local CUs (6 months typical); not universal. EXAMPLE A BECU: not offered. EXAMPLE B NFCU GO BIZ: not offered.
Foreign transaction fee	3% of each transaction converted to U.S. dollars	CATEGORY: Split — many advertise $0; others 1–3%. Official rates table wins. EXAMPLE A BECU: None (rates PDF). EXAMPLE B NFCU: None. Illustrative SDCCU: 3%.
Late payment fee	Up to $40. First event in a rolling six-cycle window: lesser of minimum payment or $29; subsequent: lesser of minimum payment or $40	CATEGORY: Often $20–$35. EXAMPLE A BECU: $25. EXAMPLE B NFCU: $20 if min payment missed (can assess each month past due). Illustrative CU1: $30; SDCCU: $25.

Rewards & Value

Metric	Wells Fargo Signify Business Cash® Card	Local/Regional Credit Union Business Cards
Base earn rate	$0.02 cash rewards per $1 qualifying net purchase (uncapped 2%). Posts when the purchase appears on a monthly statement. Program terms effective June 26, 2026.	CATEGORY: Most CU business cards are flat 1%–1.5% cash back or 1 point per $1 (≈1¢). Category bonuses uncommon. EXAMPLE A BECU Low Rate: no rewards (APR positioning). EXAMPLE A Cash Back: 1.5% on qualified purchases, no category caps. EXAMPLE B NFCU GO BIZ: 1X = 1 point per $1 eligible purchases; unlimited; no category bonuses; cash redemption 1¢/point (= 1%).
Welcome bonus	$500 cash rewards after $5,000 qualifying net purchases post within 3 months of account opening. Redeemable within 60 days after earned. Standing public offer since the May 2024 launch — no published offer-expiration date.	CATEGORY: Modest ($100–$300 or 2,500–25,000 points) or none. EXAMPLE A BECU Cash Back (time-limited): $300 statement credit after $3,000 qualifying purchases in first 3 months; offer now through 30 September 2026. Not available to current cardholders of this card; prior holders who received this bonus in last 12 months; current Business Credit Card holders who switch to Cash Back; anyone who opened a different Business Cash Back account in previous 12 months. EXAMPLE A Low Rate: no published welcome bonus. EXAMPLE B NFCU GO BIZ: none on current public page as of 3 Sep 2026. Do not import Cash Preferred / consumer GO REWARDS bonuses.
Redemption value	Statement credit / credit to an eligible Wells Fargo business credit or checking account at 1:1 cash. Gift cards and Business Rewards portal travel are options — portal/gift-card cents-per-dollar not published; do not assume portal equals cash. Minimum redemption $1 for statement-credit path.	CATEGORY: Statement credit (auto monthly/quarterly) or points catalog; transfer partners generally not offered. EXAMPLE A Cash Back: accrued cash automatically credited to statement each month; no portal / transfer partners. EXAMPLE B NFCU: every 1 point worth $0.01 when redeemed for cash; catalog illustrations exist — treat cash at 1¢ as contractual floor. Visa SavingsEdge on Visa GO BIZ is a merchant-discount program, not card earn rate.
Transfer partners	Not offered (points transfers are for Essential/Elite, not Cash)	Generally not offered on CU business cards. Do not import consumer Flagship / GO REWARDS transfer or lounge perks onto GO BIZ.

Credit & Eligibility

Metric	Wells Fargo Signify Business Cash® Card	Local/Regional Credit Union Business Cards
Personal guarantee	Required. Account Guarantor unconditionally agrees to be personally liable, jointly and severally with the business. Wells Fargo may seek to collect from the guarantor before the business. Covers future line increases and enforcement costs.	CATEGORY: Typical Yes. EXAMPLE B NFCU: Yes, we require personal guarantees for all business lending products; guarantor must be an NFCU member. EXAMPLE A BECU: not disclosed on product/eligibility pages — Unclear, read signed agreement; CU lending almost always includes owner liability.
Credit check	Consumer report on the Account Guarantor. Treat full apply as a hard pull unless using only the no-impact prequal tool. Application also collects ownership details for 25%+ owners.	CATEGORY: Hard pull on owners/guarantors is standard. EXAMPLE B NFCU: Experian on owners and/or guarantors; business credit potentially including the credit profiles of the business. EXAMPLE A BECU: subject to membership and credit approval; hard vs soft not disclosed for the card (do not import consumer membership soft-pull language).
Employee cards	$0. Add via Business Online; optional monthly cycle spend cap (default = full account line). Up to three Administrators besides the guarantor. Employee cardholders are not personally liable; guarantor is. Cards mail in 5–10 business days. No published maximum number.	CATEGORY: Common with per-card limits; not Ramp-class software. EXAMPLE A BECU: yes; individual spending limits; number allowed not disclosed. EXAMPLE B NFCU: yes; count/fee/controls beyond multiple cardholders not fully disclosed; one GO BIZ per business membership, up to 2 total if multiple business memberships.
Product type	Revolving business credit card (not a charge card; not NPSL; not a spend-management platform)	CATEGORY: Revolving business credit cards. Not charge cards. Not NPSL commercial charge products. Not spend-management platforms. EXAMPLE A: BECU Business Low Rate Credit Card and BECU Business Cash Back Credit Card (two named variants). EXAMPLE B: GO BIZ® Rewards Credit Card (one product, Visa or Mastercard plastic).

Pros & Cons

Wells Fargo Signify Business Cash® Card

Pros

• Uncapped 2% cash on qualifying spend with $0 annual fee
• 0% intro APR on purchases for 12 months from open
• $500 cash bonus at $5,000 / 3 months — low hurdle versus many business SUBs
• Employee cards at $0 with per-card cycle caps
• Primary MasterRental CDW and $250k common-carrier accident insurance on a no-fee card; rewards do not expire while open

Cons

• 3% foreign-transaction fee
• No category bonuses; 2% loses to 3–5% advertising/shipping cards on those MCCs
• Personal guarantee is unconditional and first-recourse
• No purchase protection, extended warranty, or cell-phone insurance in the public benefits guide; Priority Pass visits are paid
• After the intro window, 16.74%–24.74% variable APR makes revolving expensive relative to 2% earn; no public BT product

Local/Regional Credit Union Business Cards

Pros

• Annual fee is frequently $0 (BECU, NFCU, CU1, many others)
• APR can undercut big-bank business cards when the CU posts Prime + a small margin (CU1 10.25% as of 3 Apr 2026; BECU Low Rate from 14.49% as of 1 Sep 2026; NFCU capped at 18%)
• FTF often $0 (BECU, NFCU; not universal — SDCCU 3%)
• Employee cards with per-user limits without per-card annual fees (BECU, NFCU)
• Visa/Mastercard Business insurance package on BECU’s posted guide; relationship model — membership + deposits can be the real product

Cons

• Field of membership is a hard gate (BECU geo/association; NFCU military/DoD + all owners must be members)
• Rewards are simple and low vs national business cards (1–1.5%; no transfer partners)
• Limits are modest (NFCU $5k–$25k official; others often unpublished and relationship-sized)
• Personal guarantee is the CU default (NFCU explicit); public Schumer data is uneven — BECU marketing vs PDF conflicts on overlimit and penalty APR
• Expense-ops tooling (virtual cards, QBO-native codes, approvals) is absent

Verdict

Wells Fargo Signify Business Cash® Card

Signify Business Cash is the flat 2% SKU — not Essential/Elite (points) and not consumer Active Cash. It beats Blue Business Cash after the $50k 2% cap and beats Ink Unlimited on ongoing earn, while trailing Spark Cash Plus on FTF and NPSL. Skip it for foreign spend, transferable points, no-PG underwriting, or anyone who will revolve after month 12.

Local/Regional Credit Union Business Cards

This is a CATEGORY PATTERN, not one SKU. EXAMPLE A BECU splits Low Rate (revolve) vs Cash Back (1.5% + $300 through 30 Sep 2026 if paid in full). EXAMPLE B NFCU GO BIZ is a members-only 1% points card capped at $25k with an 18% APR ceiling and explicit PG. Do not average CU terms into a national figure; collect each CU’s Schumer, FOM, PG sentence, and rewards PDF. Poor fit without FOM access or if you need Ink/Amex earn, NPSL limits, or Ramp-class ops.