Signify Business Essential Credit Card Customer Agreement
Wells Fargo Signify Business Essential® Card Account Agreement
Business Credit Card Customer Agreement and Disclosure Statement
Mastercard World Elite®
Effective: March 31, 2026
Table of Contents
In this contract, "the Bank," "Wells Fargo," "we," "our," and "us" refer to Wells Fargo Bank, N.A. "You" and "your" mean the person (guarantor for the business or a sole proprietor) who applied for and received a Mastercard® Business Credit Card (Business Credit Card). "Customer" means the business organization that applied for and received a Business Credit Card. "Business Credit Card" means any cards we issue to you or any devices we allow you to use for accessing your Business Credit Card Account (Account) to obtain credit.
Part 1: Using Your Account
- What is this contract?
- How can you use this Account?
- Can we limit your Account use?
- What is your Credit Limit?
- What happens if you use more than your available Credit Limit?
- Who can you assign to your Account?
- How do we manage your Account’s billing?
- Will you receive a monthly billing statement?
- What can cause your Account to be in default?
- What should you do if your Credit Card is lost or stolen, or Account is compromised?
- Who can close your Account?
Part 2: Making Transactions and Other Account Activity
- How do we manage Authorizations?
- How can you get Cash Advances?
- Can you use your Business Credit Card in a mobile app?
- Can we transfer money to and from your Account?
- What happens if you misuse your Account in order to earn or use Rewards?
- How does an international transaction in foreign currency convert to U.S. dollars?
Part 3: Understanding Fees and Interest
- What are the Account’s fees?
- When do we charge interest to your Account?
- Does your Account have a Minimum Interest Charge?
- What interest charges will you owe us?
- What is your daily periodic rate?
- How do we calculate interest on your Account?
- How can you avoid paying interest on your Account?
- When do we apply specific transactions, fees, and credits to your Account?
Part 4: Making and Processing Payments
- How much do you need to pay by the Payment Due Date?
- How much do you need to pay for Accounts with Individual Billing?
- How can you make a payment?
- What methods do we not accept for payments?
- When do we process payments?
- How do we apply your payments?
- When do we post payments to your Account?
- Can you make automatic payments?
- What happens to your balance after your Account closes or defaults?
Part 5: Managing Contact Details and Your Information
- How may we contact you?
- Can we check credit reports about you and your business?
- Can we verify your credit information more than once?
- Can we monitor phone calls you have with us?
- What information can we report about you to the Small Business Financial Exchange (SBFE) credit bureau?
- What should you do if your business or contact information changes?
- When should you inform a merchant about changes to your Business Credit Card information?
Part 6: Knowing the Account's Legal Terms
- Can we change this Agreement?
- What happens if any part of this Agreement is unenforceable?
- Can our Agreement rights change?
- What is this Agreement’s governing law?
- Who can assign your Agreement to others?
- What is the process for bringing a lawsuit against us?
- What is our lien and right of set-off?
- What is our right in enforcing personal guaranty?
- Equal Credit Opportunity Act (ECOA) Notice
- Dispute Resolution Program: Arbitration Agreement
- Your Billing Rights
Part 1: Using Your Account
What is this contract?
This contract is for your Account and is between Wells Fargo Bank, N.A. and each Guarantor.
The contract includes the following information:
- Business Credit Card Customer Agreement (Agreement)
- Future changes to this contract
You accept this Agreement’s terms, including but not limited to any finance charges and other charges, by doing the following:
- Agreeing in writing to have the Account
- Using or confirming your Account
- Requesting a transfer from the Account by you or your Administrator(s) or Cardholder(s)
Please carefully read this Agreement and keep it for your records.
This Agreement contains dispute resolution provisions – including an arbitration agreement, class action waiver, and jury trial waiver – that affect your legal rights. In arbitration, there may be less discovery and appellate review than in court. Please review these provisions carefully.
How can you use this Account?
This Account is for business use only. You agree that you (guarantor for the business or a sole proprietor) and your business are not a Money Service Business as defined by federal law. If you are such a business, you need to tell us and follow all the rules and laws that apply to those types of businesses.
You can use your Business Credit Card to buy goods or services wherever you can use a Mastercard.
Transaction Type
Details
Cash Advances
When you use your Business Credit Card Account to get cash or for cash-like transactions, we treat certain transaction types as a Cash Advance. These transactions include, but are not limited to:
Credit Card use at:
- ATM
- Bank teller
- Wells Fargo Online (Wellsfargo.com) or through the Wells Fargo mobile app
Cash-like transactions (to the extent accepted), such as:
- Digital currencies
- Casino chips
- Foreign currency
- Lottery tickets
- Money orders
- Off-track wagers
- Online gambling
- Other wagers
- Person-to-person money transfer
- Sports gambling
- Traveler checks
- Wire transfers
- Vouchers you can redeem for cash or similar items
Transfers
Overdraft Protection Advances
Purchases
"Purchases" means when you use your Credit Card to buy or lease goods or services. Tax payments and associated fees are Purchases. Cash Advances are not Purchases.
Other
Any other transactions that we allow.
Further, you cannot use your Account:
- For any transactions that are against the law
- To pay off any other Wells Fargo credit account
If you try to do so, we may close your Account.
We are not responsible for anyone who refuses to accept your Credit Card or any other Credit Access Device. "Credit Access Device" means a device other than your Credit Card that we allow you to use for accessing your Account to obtain credit, like mobile devices.
Knowing Your Responsibility to Pay
When you use your Account or let someone else use it, you promise to pay the total amount of the Purchases and Cash Advances. You also promise to pay all interest, fees, and other amounts that you may owe us.
Can we limit your Account use?
Yes. We may limit or close your Account. If we do so, the terms of this Agreement will apply until you pay your Account in full.
What is your Credit Limit?
"Credit Limit" means the amount of credit that is available for you to use with your Account. We provide this amount to you with your Credit Card, and it shows on each of your billing statements. You promise to use your Account only to the limits. We can adjust your Credit Limit at any time, including automatically increasing your Credit Limit if you qualify.
You may also receive a Cash Credit Limit, which is the cash advance limit that is available for you to use from your Account. This amount is lower than your Credit Limit. We provide this amount to you with your Credit Card, and it shows on each of your billing statements. You promise to use your Account only to the limits. Further, we may restrict the amount of your Credit Limit that you can use for Cash Advances.
Adding More Business Credit Cards
Any Business Credit Cards you add to your Account will have its own Account number. After adding them, you can set spending limits for each Business Credit Card.
What happens if you use more than your available Credit Limit?
You must not use the Account in any way that makes it go over the Credit Limit. If you do, we may either allow the transaction without increasing your Credit Limit or deny the transaction. We may also take the following steps:
- Close the Account
- Lower the Credit Limit
- Take other actions without telling you (except when the law requires us to)
You have to pay back any money you spend, even if the amount is more than the Credit Limit. If we allow the transaction, we may require you to pay the over-limit amount along with your next statement’s Minimum Payment. You will still be liable (responsible) for all credit you receive.
"Minimum Payment" means the minimum amount you must pay by the Payment Due Date. You can find this date on each billing statement for your Account. "Payment Due Date" means the date when the Minimum Payment is due.
Who can you assign to use your Account?
Account Guarantor(s)
The Account Guarantor(s) is the person(s) who signed on behalf of the business and is personally responsible for the money the business owes to us. They can access the Account funds and receive information about the Account through customer service and online banking.
The Account Guarantor(s) is personally liable (responsible) for the Account’s entire debt. By signing for and opening the Account, the Account Guarantor(s) agrees they are specifically authorized to do so and can make legally binding agreements. The Account Guarantor(s) also promises to compensate us for any losses or costs if it turns out they did not have the authority to open the Account.
The Account Guarantor(s) agrees to take full responsibility, along with the business, for paying off all amounts you owe on this Account, even if the business receives more credit in the future. We may try to receive the money from the Account Guarantor(s) first before the business or anyone else. The Account Guarantor(s) also agrees to cover Wells Fargo's costs and reasonable lawyers' fees if we have to take legal action to enforce this personal guarantee.
Administrators
You can choose up to three Account Administrators for your business. An Administrator is a person (not an Account Guarantor) who can take all the actions you can with the Account, although they are not responsible for it. If you have more than one Business Credit Card Account for your business with Wells Fargo, an Administrator will be able to view and take actions for all of your Wells Fargo business credit card accounts for that business. The actions they can take include (but are not limited to):
- Receiving Account details over the phone, through Online Banking, or in person
- Opening or closing Business Credit Card holder (Cardholder) accounts
- Transferring money in and out of the Account
- Making payments
- Choosing or removing other Administrators
- Closing the whole Account
Adding or Removing an Administrator
To add or remove an Administrator, contact us in one of the following ways:
Contact Method
Details
By phone
1-833-441-0793 We accept all relay calls, including 711.
Online
When adding an Administrator, you must give us the following details about them:
- Full name
- Social security number
- Birthday
- Phone number
By doing so, you agree that you have the Administrator’s permission to share their details.
Employee Cardholders
Employee Cardholders are employees who hold Business Credit Cards (except the sole proprietor, business owners, and Account Guarantors). They are not responsible for charges on the Business Credit Card they use. Each Business Credit Card will have the name of the Business Credit Card holder (Cardholder) and a unique account number. They can use their Business Credit Card and the Account to:
- Make charges and transactions
- Receive information about their own Business Credit Card
- Use services by phone, in writing, or online
- Order a new Business Credit Card
- Change their Business Credit Card’s billing information
- Stop future charges on their Business Credit Card
The Account Guarantor(s) or an Administrator can add Employee Cardholders or close individual Employee Cardholder accounts. To do so, contact us in one of the following ways:
Contact Method
Details
By phone
1-833-441-0793 We accept all relay calls, including 711.
Online
How do we manage your Account’s billing?
Your Account will either use Individual Billing or Consolidated Billing:
Billing System
Details
Individual
Each Cardholder will receive a separate monthly bill every month that the Account has any balance or financial activity.
You pay these bills individually.
Consolidated
We combine and organize financial information from multiple credit cards into a single statement.
You will have one main account for billing purposes (Company Control Account). If you have Employee Cardholders (Cardholder Sub-Accounts), we connect them to the Company Control Account, along with the guarantor(s)’ card(s). We move all Cardholder Sub-Account transactions to the Company Control Account for billing. As a result, we do not send each Employee Cardholder (Cardholder Sub-Account) their own billing statement. However, you have an option to receive Employee Cardholder (Cardholder Sub-Account) memo statements.
You make all payments to the Company Control Account.
Will you receive a monthly billing statement?
We will send you a billing statement when your Account has a balance or financial activity. The billing statements will include:
- Any balance you still owe since your last statement’s closing date
- Your Minimum Payment Due
- Your Payment Due Date
What can cause your Account to be in default?
Your Account is in default if any of the following happen:
Reason
Details
Payments
- You do not make a Minimum Payment by the Payment Due Date.
- Your payment returns to Wells Fargo unpaid or reverses for any reason.
- You file for bankruptcy.
- An Account Guarantor cannot pay their debts.
Account Activity
- Your Account balance goes over your credit limit.
- We notice excessive or suspicious Account activity.
- Your Account is suspected with kiting.
Information and Terms
- You do not provide us with necessary information about your Account when we request it.
- You do not honor this Agreement’s terms.
- The Customer or Account Guarantor default under any other agreement you have with us.
- Your application includes a false statement.
Changes in Your Business
- An Account Guarantor changes.
- Your business’s type, volume, or ownership and/or organizational structure significantly changes.
- You or an Account Guarantor dies.
- An Account Guarantor no longer represents the account or can no longer pay the required debts.
In any of these scenarios, we will require you to immediately pay your Account balance. We may also require you to immediately pay any other accounts with us that you or an Account Guarantor is responsible for. This payment includes any interest and other charges.
In addition, we may do the following:
- Not allow future transactions on your Account
- Close your Account
- Close your other Wells Fargo accounts, including any an Account Guarantor is responsible for (subject to applicable law)
- Increase your monthly payment amounts
- Cancel any Account promotional rates
- Increase your interest rate on existing and new balances
- Increase your Late Fee
Paying Our Costs When Your Account Is in Default
You agree to pay collection costs, attorney’s fees, and court costs that we have as a result of enforcing our rights under this Agreement.
What should you do if your Credit Card is lost or stolen, or Account is compromised?
Notify us immediately if:
- Your Business Credit Card or Account information is lost or stolen, or
- You believe someone is using it without your permission.
Call us at 1-833-441-0793.
Please note: Authorized use includes an Account Guarantor, Administrator, or Cardholder who use the Account or Business Credit Card even after not working for or being connected to you. This detail applies as long as it follows the law. To avoid this scenario, be sure to promptly call us and cancel their ability to use the Business Credit Card.
Investigations and Liability for Unauthorized Use and Zero Liability Protection
You agree to assist us in our investigation of your claim. If we find that you are not responsible, then we will not hold you liable for your Account’s Unauthorized Use. "Unauthorized Use" means when a person uses a Business Credit Card who is not a Guarantor, an Administrator, or a Cardholder. The person does not have actual, implied, or apparent authority to use the card in this way. Further, a Guarantor, an Administrator, and/or the Cardholder receive no benefit from its use.
Who can close your Account?
Entity
Details
You
You may close your Account at any time. This includes an Account Guarantor and any Account Administrator.
Administrator
An Administrator can close your Account at any time.
Wells Fargo Bank, N.A.
We may close this Account and any Account you have with us for any reason at any time.
When your Account closes, you must:
- Destroy any Business Credit Card(s) you have
- Pay the balance that you owe us according to this Agreement’s terms, including any Purchases, Cash Advances, interest, and other charges that post to your Account after we cancel it.
Part 2: Making Transactions and Other Account Activity
How do we manage Authorizations?
"Authorizations" are all your Account transactions, which we must first approve. We can limit how many Authorizations you receive in a specific time period (like a day, weekend, or week).
Reasons We May Deny Authorizations
We may not approve Authorizations for the following reasons:
Reason
Why We Can Deny the Authorization
Business Type
The request came from a certain type of business we do not approve, like those selling cryptocurrencies and online gambling sites.
Account Use Without Your Permission
We think someone is using your Account without your permission.
Authorization System Is Not Working
We may not be able to approve your transaction if our Authorization system is not working. This situation may happen even if your transaction does not go over your Credit Limit and your Account is in good standing. For safety, we cannot share how our Authorization system works.
Transaction Exceeds Your Credit Limit
We do not have to approve Authorizations that go over your Credit Limit. You agree that you are responsible for these transactions, including interest and other charges.
Transaction Exceeds Your Cash Credit Limit
We do not have to approve Authorizations that go over your Cash Credit Limit. You agree that you are responsible for these cash transactions, including interest, cash advance fees and other charges.
In all situations, we are not responsible if we are unable to approve an Authorization.
Managing Temporary Authorizations
We may allow temporary authorizations that are greater than your actual Purchase amount for transactions at some merchants, such as:
- Car rental companies
- Gas stations
- Hotels
- Restaurants
This temporary authorization may make less credit available on your Account for several days. This step usually happens until the date when the merchant provides the actual Purchase amount.
How can you get Cash Advances?
Cash Advances from ATMs
You can use your Personal Identification Number (PIN) to get Cash Advances at Wells Fargo ATMs or an ATM that accepts Mastercard. You may have limits on how much and how frequently you can use your Business Credit Card for Cash Advances from ATMs. If your Account has a Cash Credit Limit, you can only get Cash Advances up to that limit. The ATM owner may also restrict how you can use it. Your Cash Advance amount will include any fees that the ATM owner charges you.
Cash Advances for Overdraft Protection
You may choose to use your Business Credit Card to provide an automatic Cash Advance to cover an overdraft on a linked Wells Fargo checking account (Overdraft Protection Advance). Overdraft Protection Advances are optional and may not be available for all checking accounts. To cover the Overdraft Protection Advance, we will advance the specific overdraft amount and apply a $25.00 minimum. If your Business Credit Card’s available credit is less than these amounts, then we will either advance the amount of your available credit or return the item unpaid.
Fees and Annual Percentage Rate (APR)
"APR" is a rate that we use to calculate interest on your Account’s balance and shows as a percentage. You can find overdraft protection APR and fees in Important Terms of Your Credit Card Account, which is a summary of your Account’s APRs, fees, and other important information.
Please note: Overdraft Protection Advances, interest, and fees may cause your Account balance to exceed your Credit Limit.
More than one person on checking account
If the checking account you link for the Overdraft Protection Advance has more than one person listed on it or with access to it, then the following applies:
- You are responsible for all overdraft protection advances. This responsibility is regardless of who accesses the funds that causes the overdraft.
- You agree that we can disclose to any other person on your checking account that this Business Credit Card links to it for overdraft protection.
We can cancel, suspend, or change your overdraft protection service at any time and for any reason without notifying you. These reasons include Overdraft Protection Advances that result from paying your Account or keeping a zero or negative balance in your linked checking account.
Linking Accounts
If you chose to have Consolidated Billing, then you can only link the Company Control Account for the Overdraft Protection Advance. The checking account you have determines which types of accounts you can link for this service. Some checking accounts allow you to link both a credit account and a deposit account at the same time. If this is the case, you can choose which account to advance the funds from first. If you do not choose the account, we will take money from your linked deposit account first and then from your linked credit account, if you have credit available under this Agreement.
Paying Interest Rates and Fees
Charges We Apply
Details
Interest Rates
Cash Advances may have a different interest rate than Purchases. We start applying these rates to Cash Advance balances from the date you make the transaction.
Cash Advance Fee
We charge this fee for each Cash Advance you make.
For more details on Cash Advance transaction types, refer to "Part 1 – Section 2: How can you use this Account?" and for pricing, please call the number listed on the back of your credit card.
Can you use your Business Credit Card in a mobile app?
Yes. We may allow you and any additional cardholders to load a Business Credit Card into an app on an electronic device, such as a mobile wallet. You can then use this app to make Purchases and transactions without presenting your physical Business Credit Card.
Examples of electronic devices include smart phones, tablets, and other devices. Separate terms governing your use of your Business Credit Card through a mobile device and this Agreement cover those transactions.
When you make Business Credit Card transactions with your mobile device, third parties may use and receive information related to that device and those transactions. Examples of third parties include merchants and digital wallet operators.
Third-Party Fees
Third parties may charge you fees for your transaction, such as mobile-carrier data or messaging charges.
Restrictions
At any time, we may partially or fully restrict your ability to make credit transactions through a third party/mobile device.
Account Removal
You agree to promptly notify us if you remove or want to remove your Account information from any app on an electronic device. To do so, call the number on the back of your Business Credit Card.
Please note: We have no control over those devices and cannot guarantee how well they work. You also should protect the device’s security the same as you would protect your Business Credit Card or other valuable information.
Can we transfer money to and from your Account?
Yes. You permit us to move money between your Account and other accounts. You can do so up to the available Credit Limit or Cash Credit Limit, whichever is less, if applicable. We can make transfers by receiving instructions from:
- You
- Account Guarantor(s)
- Administrator(s)
- Cardholder(s)
- Anyone you approve to request transfers, whether this approval is spoken, electronic, or in writing
We are not responsible for transfers that we believe, in good faith, that you approve. You agree to protect us from any harm, like damages or costs, if a problem exists as a result of these transfers. We treat these transfers like Cash Advances, unless we state otherwise. In addition, transfers will not earn cash-back credit or points.
What happens if you misuse your Account in order to earn or use Rewards?
If you abuse, misuse, or game your Account in order to earn or use Rewards, or try to do so, then we may close or restrict your Business Credit Card. This misuse means that you make multiple Purchases and payments during a Billing Cycle, which causes your total Purchases amount to substantially exceed your Credit Limit. Each billing statement shows a statement closing date, which is your Billing Cycle’s last day. "Billing Cycle" means the time period between billing statements.
How does an international transaction in foreign currency convert to U.S. dollars?
When you use your Mastercard to make a transaction in a currency other than U.S. dollars, Mastercard International (Mastercard) converts the charge into a U.S. dollar amount. Mastercard uses one of the following steps to determine the exchange rate between the transaction currency and the billing currency:
- Select a rate from the range available in wholesale currency markets for the applicable central processing date. This rate may vary from the rate Mastercard receives. Or,
- Use the government-mandated rate in effect for the applicable central processing date.
The processing date’s currency conversion rate may differ from the rate in effect on the transaction date or the date when the transaction posts to your Account. You may also pay an extra fee for converting the currency. If you have additional questions about foreign currency conversion, please call the number listed on the back of your credit card.
Using Merchant Conversions
Some merchants outside of the U.S. can give you an option for how to convert the Credit Card transaction into U.S. dollars. They can have you choose whether you want Mastercard or the merchant to make the conversion. If you choose for the merchant to do it, then they determine the conversion rate, not Mastercard.
Please note: We do not charge you a foreign currency conversion fee.
Part 3: Understanding Fees and Interest
What are the Account’s fees?
The following fees may apply to your Account, and you agree to pay them. If you would like to know the specific amount of these fees, please call the number listed on the back of your credit card.
Fee Type
When We Charge This Fee
Cash Advance Fee
This fee may be charged on a Cash Advance from your Account, including an advance for overdraft protection.
Late Fee
This fee may be charged each time we do not receive the required Minimum Payment due by the Payment Due Date.
We may charge additional fees if you and we both agree. We will add all fees to the Purchases balance, except Cash Advance fees which will be added to the Cash Advance balance on your Account.
When do we charge interest to your Account?
- For most transactions: We charge interest beginning on the date you make the transaction on your Account.
- For fees: We charge interest beginning on the Billing Cycle’s first day after the previous Billing Cycle in which the fee posted to your Account.
Does your Account have a Minimum Interest Charge?
Your Account may have a Minimum Interest Charge. "Minimum Interest Charge" means the lowest amount of interest we charge you if you owe any interest in a Billing Cycle.
For details of this charge, please call the number listed on the back of your credit card.
What interest charges will you owe us?
The following details describe the interest you may owe each Billing Cycle. You can find details on the APRs that apply to different balances by calling the number listed on the back of your credit card.
Promotional Rate
If we offer you a promotional rate after you open your Business Credit Card, then you will receive the terms at that time. When any promotional rates expire, your remaining balances receive the applicable regular APR terms. For additional information, you can call the number listed on the back of your credit card.
Standard Variable APR
A variable APR is an interest rate that varies with the market based on the Wells Fargo Prime Rate. To calculate your variable APR for each Billing Cycle, we use the Wells Fargo Prime Rate and add a margin. Please call the number listed on the back of your credit card for the margin on your Account’s Purchases, Cash Advances, and Overdraft Protection Advances.
How We Determine the Wells Fargo Prime Rate
Each Billing Cycle, we use the Wells Fargo Prime Rate, which is the rate announced by the Bank from time to time as its "Prime Rate" three business days before your billing statement’s closing date.
A change in the APR may increase or decrease the total amount of interest you pay and your Minimum Payment. If the Wells Fargo Prime Rate changes and affects your APR, the new APR will apply to both existing and future balances on the first day of your Billing Cycle. The APR will continue to vary even if you or we close your Account.
- Fixed APRs
"Fixed APRs" means APRs that do not change with the market based on the Wells Fargo Prime Rate. However, if one or more Fixed APRs apply to your Account, we may change the Fixed APR from time to time. We do so by following the terms that we describe in "Part 6 – Section 1: Can we change this Agreement?" You can find the APRs that apply to your Account by calling the number listed on the back of your credit card.
What is your daily periodic rate?
The daily periodic rate is a daily interest rate. We calculate it by dividing each applicable APR by 365.
How do we calculate interest on your Account?
We take the following steps to calculate your Account’s interest:
Step 1: Calculate the daily balance.
We calculate your daily balance separately for each transaction category. We take the following actions:
- Start with the daily balance from the end of the previous day.
- Add any new transactions and other charges, including interest that accrued on the previous day’s balance (interest compounds daily).
- We then subtract any payments or credits.
For example:
Calculation
Amount
Daily balance for Purchases from the previous day
$1,000
Add New Purchases
+ $500
Add Fees and interest accrued on the previous day's transaction category balance
+ $50
Subtract Payments, credits, and adjustments that posted that day
– $250
= New daily balance for Purchases
= $1300
Step 2: Calculate the Average Daily Balance (ADB).
We add together all the daily balances for the Billing Cycle, starting with the beginning balance on the Billing Cycle’s first day. This beginning balance includes any unpaid fees from the previous Billing Cycle and any late fees that we charged you during the current Billing Cycle. We treat any daily balance that has a credit as zero. We then divide this amount by the number of days in the Billing Cycle.
For example:
Calculation
Amount
Sum of daily balances
$4,000
Divide by number of days in the Billing Cycle
÷ 30
= ADB
= $133.33
Step 3: Calculate the interest.
We calculate the interest we will charge for each balance type by doing the following:
- Multiply the daily periodic rate by the ADB.
- Multiply the total from the previous bullet by the number of days in the Billing Cycle.
For example:
Calculation
Amount
Daily periodic rate
0.05%
Multiply by the ADB
x 133.33
Multiply by number of days in Billing Cycle
x 30
= Charged interest
= $2.00
How can you avoid paying interest on your Account?
You can avoid paying interest on new Purchases by paying your entire New Balance by the Payment Due Date on each Billing Cycle’s statement. However, you must always pay interest on Cash Advances and Overdraft Cash Advances.
"New Balance" means the total amount you owe by the statement’s closing date. You can find this detail on your billing statement.
When do we apply specific transactions, fees, and credits to your Account?
Transactions
- Purchases: We add this amount to the Purchase balance on the transaction date that your statement shows.
- Cash Advance: We add this amount to the Cash Advance balance on the transaction date that your statement shows.
- Overdraft Protection Advance: We add this amount to the Cash Advance balance on the transaction date that your statement shows.
Fees
- Cash Advance Fee: We add this fee to your Cash Advance balance on the transaction date that your statement shows.
Part 4: Making and Processing Payments
How much do you need to pay by the Payment Due Date?
Amount You Can Pay at Any Time
You can pay all or part of your Account balance at any time.
Amount You Must Pay By the Payment Due Date
You must pay your Minimum Payment by the Payment Due Date. You can find this amount and the date on your billing statement.
Your Minimum Payment includes any amount past due plus whichever of the following amounts are greater:
- 1% of the New Balance on your billing statement plus the total we bill you during the Billing Cycle for interest and any late fees. We round your Minimum Payment amount up to the next highest whole dollar amount.
2% of the New Balance
- $25.00 or the Account’s entire balance if the New Balance is less than $25.00
In addition, you must pay any amount that is over your Account’s Credit Limit. However, we do not include this amount in your Minimum Payment.
How much do you need to pay for Accounts with Individual Billing?
You or Individual Cardholders must pay the Total Amount Due by the Current Payment Due Date listed on your billing statement. You can also choose to pay more than this amount at any time.
The "Total Amount Due" includes the following:
- Any Current Payment Due
- Any Past Due Amounts
- Any payments due from a promotional balance that your promotions terms require. This payment may happen if you had a promotional rate that did not require you to repay during the promotion’s time period. When that promotion ends, the Total Amount Due will include any promotional balance that you have left and now must repay.
If you do not have any Past Due Amounts or promotional balances, then you only pay the Current Payment Due, which means the following:
Current Payment Due
What You Pay
Always included
You will pay one of the following amounts, whichever is more:
- The total amount of Bank Fees and Finance Charges, plus 1% of the New Balance. Read "Part 3: Understanding Fees and Interest" of this document for more details on your Account’s fees and interest.
- 2% of the New Balance
- $25
If the New Balance is less than $25, you will only pay the New Balance.
Sometimes included
You may pay fees that you charge to your Account for additional products or services we provide you. If we include these fees, we will describe the amounts in the information we give you for those products and services.
How can you make a payment?
You must pay in U.S. dollars with a personal check, money order, or cashier’s check that a United States bank issues.
You can either mail your payment to us or pay electronically. If you mail your payment, send it to the address on your billing statement and use the enclosed envelope and payment coupon (if you receive printed statements).
Electronic Conversions
We may convert checks or other paper documents to an electronic transaction. To do so, we follow procedures that the National Automated Clearing House Association establishes. When this step happens, we keep a copy of the check or document you send us and not the original. You can request to receive this copy from us.
What methods do we not accept for payments?
Methods
Details
We Never Allow
You cannot use the following methods to pay this Account:
- A Wells Fargo Bank, N.A. credit or loan account, excluding personal loans
- Any Wells Fargo–affiliated company credit or loan account, excluding personal loans
We May Not Allow
We may choose not to accept:
- Any payment from a third-party
- Any drafts endorsed to us
- Any drafts drawn by anyone other than you
Please note: Do not mail cash. You also cannot pay your Minimum Payment with credits, such as refunds for returned Purchases.
When do we process payments?
How You Make a Payment
When We Credit Payments to Your Account
Mailed payments we receive by 5:00 p.m. at the time zone where we receive it.
The day we receive the payment
Mailed payments we receive after 5:00 p.m. at the time zone where we receive it.
The day after we receive the payment
Electronic payments received through Wells Fargo Online Banking at Wellsfargo.com
The cutoff time that we share with you when you make your payment
Making Payments that Do Not Follow Our Instructions
We may credit your payment up to five days after we receive it if you do not follow our instructions for how to make a payment.
Please note: We may choose to hold some of your available Credit Limit until we honor your payment.
How do we apply your payments?
Minimum Payment
Generally, we process your Minimum Payment in the following order:
- Lower APR balances (such as Purchases)
- Higher APR balances (such as Cash Advances)
Amounts in Excess of the Minimum Payment
If you pay more than your required Minimum Payment, then we apply the excess to the higher APR balances first and then to lower ones. We do so based on the balances in your last billing statement.
Please note: If we accept payments that are less than the full amount you owe, we do not consider it as a full payment.
Other Payments
We may choose to accept the following other types of payments without losing any of our Agreement rights:
- Late payments
- Partial payments
- Post-dated checks
- Any payment with a restrictive endorsement
Please note: We will post checks when we receive them and not wait until the check’s written date.
When do we post payments to your Account?
We post payments within the Billing Cycle that we receive them from you.
Can you make automatic payments?
Yes. We may allow you to pay your Account’s balance due every month with automatic payments from a bank account of your choice. You can decide if you want to pay the Last Statement Balance, Minimum Payment or Other Amount.
You can use either a business or personal bank account for these automatic payments. If you pick a personal bank account, you have to be that account’s owner. By choosing a personal bank account, you agree that we can send any important messages about these automatic payments to your preferred email or mailing address on file for your business Account. You also agree that you can access and keep these messages sent to that address.
We may stop your ability to make automated payments and/or close your Account if a scheduled payment:
- Does not go through for any reason
- Creates an Overdraft Protection Advance from your Account
We can take these steps without notifying you.
What happens to your balance after your Account closes or defaults?
You will still have to pay your remaining balance should your Account close or default. We encourage you to pay it off as quickly as possible to minimize interest payments.
To help make this process faster, at any time, we may do the following:
- Set the Current Payment Due amount to stay the same until you pay off your balance ("fixed amount").
- Reduce your required payment once your New Balance becomes less than the fixed amount. Your statement will show this amount.
To make this decision, we will compare the fixed amount to the standard Current Payment Due calculation. You will then pay whichever of these two amounts is more.
Part 5: Managing Contact Details and Your Information
How may we contact you?
You agree that we have your consent to contact you in any of the following ways:
- Contact information you provide us for any account:
- Email address
- Mailing address
- Phone number
- Any number you contact us from
- Any number that we obtain in any other way
If you gave us a phone number, you agree that you own or are authorized to give us that number. You also agree that you will cover the costs, expenses, and reasonable attorney fees we have to pay as a result of trying to contact you at the number(s).
By agreeing that we can contact you, you allow us and any companies working on our behalf who service your Account to contact you in any way, including:
- The use of any automated system for selecting, dialing, or storing telephone numbers
- Calls to cell, mobile, or wireless phone numbers
- Prerecorded or artificial voice messages
- Push notifications
- Text or SMS messages
- Any other data or voice transmission technology
You are responsible to pay any service provider charges that result from us contacting you in any way. These charges include but are not limited to:
- Data
- Equipment
- Text
- Or other plans
- Contact information you provide us for any account:
Can we check credit reports about you and your business?
Yes. We can check credit reports for you and your business anytime. You agree to provide updated financial information for you and the business whenever we ask.
Can we verify your credit information more than once?
Yes. At any time, we can review any information you provided on your credit application.
This review may include:
- Requesting credit bureau reports
- Verifying your current credit standing
- Verifying your business organization, assets, and income records
We will use this information to decide if you and your business are still creditworthy. You also let the bank use and share this information with our partner companies to know whether you and your business qualify for other products and services.
If your or your business’s creditworthiness changes negatively, we can close your Account and reduce your credit limit. You agree that we can share with other companies about our experiences with your and the business’s accounts.
Can we monitor phone calls you have with us?
Yes. We may monitor and record any phone calls that you have with us.
In addition, we may use voice recognition technology to verify your identity when you call us. We may capture and store your voiceprint for this purpose.
What information can we report about you to the Small Business Financial Exchange (SBFE) credit bureau?
We may report the following information about you to the SBFE:
- The name of you, your business, and your Account Guarantor(s)
- Account history
- Account performance
- Account status
- Account violations
- Agreement terms violations
These reports about your business and the Account Guarantor(s) may reflect any of your late payments, missed payments, or other Account(s) defaults.
What should you do if your business or contact information changes?
You must promptly contact us if you change any of the business or contact information you provided us. This information includes your:
- Name
- Business ownership
- Account Guarantor(s)
- Mailing address
- Email addresses
- Phone numbers
When should you inform a merchant about changes to your Business Credit Card information?
You may choose to give a merchant your Business Credit Card information to bill your account for recurring payments or to keep it on file for future Purchases or payments. If your Business Credit Card’s number, expiration date, or security code changes, contact the merchant with your new Business Credit Card information.
Some card networks provide update services and receive updated Business Credit Card information from Wells Fargo. Merchants that participate in these services will receive updated Business Credit Card information from the network for credit cards that you have provided them. We cannot tell you which merchant will receive these updates. Some merchants do not subscribe to such network services, so you should always provide each merchant with your new Business Credit Card information.
Part 6: Knowing the Account’s Legal Terms
Can we change this Agreement?
Yes. We may change this Agreement at any time. These changes may apply to existing and future balances. We will notify you ahead of time in writing of any changes through mail or email, depending on your preference. If you receive online statements, we may send you an email. We can use the most recent contact information that we have on file for you.
What happens if any part of this Agreement is unenforceable?
If any part of this Agreement is unenforceable, then all the Agreement’s other provisions will remain in effect.
Can our Agreement rights change?
No. We may waive or delay enforcing any of our rights without losing them. A court decree for divorce or separation or an out-of-court mutual agreement does not affect any of our rights to enforce this Agreement.
What is this Agreement’s governing law?
Federal law and South Dakota laws govern this Agreement, your Account, and the Account Guarantor(s)’ personal responsibility of any money you owe on the Account.
Who can assign your Agreement to others?
You may not assign your Account or any of your Agreement obligations.
We may assign your Account and any or all of this Agreement’s rights and obligations to a third party.What is the process for bringing a lawsuit against us?
If you bring a lawsuit against us for any reason, you must do so within one year from when the problem started. If you wait longer, you cannot file the lawsuit. This rule applies to different types of lawsuits, such as if there was harm, a contract problem, or another valid reason that you and we agree on.
What is our lien and right of set-off?
Under South Dakota law, we can take hold of property you own if you do not pay what you owe us. If this happens, we can use the money you have with us to cover what you owe. This includes any money you have in any bank account with us.
What is our right in enforcing personal guaranty?
By signing as an Account Guarantor and by using this Account, you give up certain rights. You agree that the bank does not have to:
- Proceed against your business or anyone else before proceeding against the Account Guarantor(s)
- Collect or use the property or assets that you or someone else holds as security
- Tell you about any sale of a property that we hold from you or another person as security before taking action
- Take any action or remedy in our power
- Ask for, request, object to, notify about an objection, or notify about missed payments that relate to any money you owe or any proof of debt we hold as security for the guaranteed debt
An Account Guarantor also:
- Waives any defenses that relate to any defense by you or others
- Cannot require us to tell them about changes in additional debt you have or any
- Allows us to make changes to the terms of the Account’s debt responsibility without notifying them or you
- Permits us to take and manage security for the debt
- Allows us to decide how to sell any property we use as security, including any non-judicial sale that the controlling security agreement allows
- Allows us to decide how we apply payments, even if laws state otherwise
Equal Credit Opportunity Act (ECOA) Notice
ECOA Notice
The Federal Equal Credit Opportunity Act ("ECOA") prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all, or part of the applicant’s income is derived from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning Wells Fargo Bank N.A. is the Consumer Financial Protection Bureau, 1700 G Street N.W., Washington, DC 20552.
ECOA Information
If any application for additional business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact Wells Fargo Business Card – Credit Services, P.O Box 40310, Mesa, AZ 85274 or call 1-833-728-1691, within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the denial within 30 days of receiving your request for the statement.
Dispute Resolution Program: Arbitration Agreement
- Class Action Waiver and Jury Trial Waiver. You and Wells Fargo Bank, N.A. (the "Bank") each agree that any proceeding, whether in arbitration or in court, will be conducted only on an individual basis and not in a class, collective, consolidated, private attorney general, or representative action. You and the Bank agree to waive any right to bring or to participate in such an action in arbitration or in court to the fullest extent permitted by applicable law. Notwithstanding the foregoing, the parties retain the right to participate in a class-wide settlement.
- Binding Arbitration. You and the Bank agree that if a Dispute arises between you and the Bank, upon demand by either you or the Bank, the Dispute shall be resolved by the following arbitration process. Notwithstanding the foregoing, the Bank shall not initiate an arbitration to collect a consumer debt, but reserves the right to arbitrate all other disputes with its consumer customers. All issues are for the arbitrator to decide, except that issues relating to the scope and enforceability of the Arbitration Agreement or whether a Dispute can or must be brought in arbitration are for a court of competent jurisdiction to decide. A "Dispute" is any unresolved disagreement between you and the Bank. It includes any disagreement relating in any way to the Account or related services, Accounts, or matters; to your use of any of the Bank's banking locations or facilities; or to any means you may use to access the Bank. It includes claims based on broken promises or contracts, torts, or other wrongful actions. It also includes statutory, common law, and equitable claims. A Dispute also includes any disagreements about the meaning or application of this Arbitration Agreement. YOU UNDERSTAND AND AGREE THAT YOU AND THE BANK ARE WAIVING THE RIGHT TO A JURY TRIAL OR TRIAL BEFORE A JUDGE IN A PUBLIC COURT. As the sole exception to this Arbitration Agreement, you and the Bank retain the right to pursue in small claims court any Dispute that is within that court's jurisdiction. Any disagreement over whether a Dispute qualifies for small claims court will be resolved by the small claims court in the first instance and otherwise by a court of competent jurisdiction and any arbitration shall be stayed pending such resolution. If either you or the Bank fails to submit to binding arbitration following lawful demand, the party so failing bears all costs and expenses incurred by the other in compelling arbitration. An arbitration will be held in the state where you reside.
- Arbitration Procedure. Either you or the Bank may submit a Dispute to binding arbitration at any time notwithstanding that a lawsuit or other proceeding has been previously commenced. The party initiating arbitration must include in the arbitration demand all of the following information: (i) the claimant’s name, address, telephone number, and email address; (ii) the applicable account holder’s name (if different from the claimant) and Account number; (iii) information sufficient to identify any transaction at issue including the date and location of any such transaction, if applicable; (iv) a detailed description of the nature and basis of the claims asserted; and (v) a detailed description of the nature and basis of the relief sought, including a calculation for it. The demand must be personally signed by the party initiating arbitration (and by counsel if the claimant is represented). By submitting an arbitration demand, the claimant (and, counsel, if the claimant is represented) represent that, as in court, they are complying with the requirements of Federal Rule of Civil Procedure 11(b). The arbitrator is authorized to impose any sanctions available under Federal Rule of Civil Procedure 11 on represented parties and their counsel. If the arbitrator finds that either the substance of your or the Bank’s claim or the relief sought was frivolous or was brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), then you or the Bank may also seek applicable fee-shifting. Either you or the Bank may request to have the arbitration conducted by a video or in-person hearing, or through written submissions, except any dispute seeking $10,000 or more, or injunctive relief, shall have a video or in-person hearing unless the parties agree otherwise. Any in-person hearing will be held in the county or parish in which you reside or at another mutually agreed location. You and a representative of the Bank will personally appear at any hearing (with counsel, if represented).
- Arbitration Rules. Each arbitration, including the selection of the arbitrator(s), shall be administered by the American Arbitration Association (AAA), or such other administrator as you and the Bank may mutually agree to (the AAA or such other mutually agreeable administrator to be referred to hereinafter as the "Arbitration Administrator"), according to the Commercial Arbitration Rules and the Supplemental Procedures for Consumer Related Disputes ("AAA Rules"). If there are any differences between the AAA Rules and this Arbitration Agreement, this Arbitration Agreement applies. If the AAA is unavailable or unwilling to administer an arbitration consistent with this Arbitration Agreement, the parties shall agree on an alternative administrator that will do so. If the parties are unable to agree, they shall jointly petition a court of competent jurisdiction to appoint an administrator that will do so. Arbitrator(s) must be members of the state bar where the arbitration is held, with expertise in the substantive laws applicable to the subject matter of the Dispute. You and the Bank (the "Parties") agree that in this relationship: (1) The Parties are participating in transactions involving interstate commerce; and (2) This Arbitration Agreement and any resulting arbitration are governed by the provisions of the Federal Arbitration Act (Title 9 of the United States Code), and, to the extent any provision of that Act is inapplicable, unenforceable or invalid, the laws of the state of South Dakota.
- Severability. NEITHER YOU NOR THE BANK SHALL BE ENTITLED TO JOIN OR CONSOLIDATE DISPUTES BY OR AGAINST OTHERS IN ANY ARBITRATION, OR TO INCLUDE IN ANY ARBITRATION ANY DISPUTE AS A REPRESENTATIVE OR MEMBER OF A CLASS, OR TO ACT IN ANY ARBITRATION IN THE INTEREST OF THE GENERAL PUBLIC OR IN A PRIVATE ATTORNEY GENERAL CAPACITY. If any of the provisions of this Arbitration Agreement dealing with class action, class arbitration, private attorney general action, other representative action, joinder, or consolidation is found to be illegal or unenforceable, that invalid provision shall not be severable and this entire Arbitration Agreement shall be unenforceable.
- Rights Preserved. This Arbitration Agreement does not prohibit the Parties from exercising any lawful rights or using other available remedies to preserve, foreclose, or obtain possession of real or personal property; exercise self-help remedies; or obtain provisional or ancillary remedies such as injunctive relief, attachment, garnishment, or the appointment of a receiver by a court of competent jurisdiction. Any statute of limitations applicable to any Dispute applies to any arbitration between the Parties. This Arbitration Agreement shall survive the payment, termination, amendment, or expiration of the Account or any other relationship between you and the Bank.
- Fees and Expenses of Arbitration. Arbitration fees shall be determined by the rules or procedures of the Arbitration Administrator, unless limited by applicable law. Please check with the Arbitration Administrator to determine the fees applicable to any arbitration you may file. If the applicable law of the state in which you opened your Account limits the amount of fees and expenses to be paid by you, then no allocation of fees and expenses to you shall exceed this limitation. Bank will pay any costs that are required to be paid by it under the Arbitration Administrator’s rules and procedures, and subject to applicable law. If the arbitrator rules in your favor on any claim presented, the Bank will reimburse you for arbitration filing fees you have paid up to $700.00. Unless applicable law states otherwise, each party will pay their own attorney, expert, and witness fees. This rule applies no matter which party wins arbitration.
Your Billing Rights
Keep This Notice For Future Use.
What To Do If You Find a Mistake On Your Statement. If you think there is an error on your statement, write to us at:
Wells Fargo Card ServicesP.O. Box 9262Des Moines, IA 50306In your letter, give us the following information:
- Your name, business name and Account number;
- The date and dollar amount of the suspected error;
- If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.
You can also contact us at the phone number listed on the back of your card.
You must contact us:
- Within 60 days after the error appeared on your statement.
- At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong.
You must notify us of any potential errors in writing at the address above. You may notify using other ways (including calling us at the telephone number listed on the front of your statement), but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.
What Will Happen After We Receive Your Letter.
When we receive your letter, we must do two things:
- Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error.
- Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the bill is correct.
While we investigate whether or not there has been an error:
- We cannot try to collect the amount in question or report you as delinquent on that amount.
- The charge in question may remain on your statement, and we may continue to charge you interest on that amount.
- While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
- We can apply any unpaid amount against your Credit Limit.
After we finish our investigation, one of two things will happen:
- If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount.
- If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe, and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe.
If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the amount you question even if your bill is correct.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases. If you are dissatisfied with the goods or services that you have purchased with your credit card and you have tried in good faith to correct the problem with the merchant, you may have the right not to pay the remaining amount due on the Purchase.
To use this right, all of the following must be true:
- The Purchase must have been made in your home state or within 100 miles of your current business mailing address, and the Purchase price must have been more than $50. (Note: Neither of these are necessary if your Purchase was based on an advertisement we mailed to you, or if we own the company that sold you the goods or services.)
- You must have used your credit card for the Purchase. Purchases made with Cash Advances from an ATM or with a check that accesses your credit card Account do not qualify.
- You must not yet have fully paid for the Purchase.
If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at:
Wells Fargo Card ServicesP.O. Box 9262Des Moines, IA 50306While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell you our decision. At that point, if we think you owe an amount and you do not pay, we may report you as delinquent.
We accept all relay calls, including 711.
© 2026 Wells Fargo Bank, N.A. Member FDIC.
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