Wells Fargo (NYSE: WFC) has launched its latest product tailored for business owners, the Signify Business Cash World Elite Mastercard, aimed at meeting the needs of the cash rewards business credit card market, providing business owners with straightforward rewards and tangible value.

Cash Rewards with No Categories

The Signify Business Cash card offers unlimited 2% cash rewards on business purchases with no tracking of categories and no annual fee. New cardholders can earn a cash rewards bonus by spending a specified amount within the first three months of card ownership.

Additionally, business owners can provide these benefits to employees at no cost, along with additional perks such as zero liability protection, account alerts, and compatibility with digital wallets.

Jeff Hofmann, head of small business cards at Wells Fargo, said, "At Wells Fargo, we recognize that managing a small business can be complex, and business owners need the best tools to continue to succeed. Business owners told us that cash rewards programs became too complex and provided insufficient value for their businesses. We designed Signify Business Cash to provide business owners with the spending power they need to better manage their cash flow, while offering them the simplicity, value, and transparency they desire."

Business Rewards Program: Redemption Option

Cardholders can take advantage of the Wells Fargo Business Rewards Program for flexible redemption options, including redeeming cash rewards for statement credits to their Signify Business Cash account, direct deposit into eligible Wells Fargo savings or checking accounts, or for alternative uses such as gift cards or travel expenses.

Additionally, cardholders will have access to the benefits package of the World Elite Mastercard, which includes perks like MasterRental insurance coverage, Priority PassTM, and Mastercard ID Theft ProtectionTM.

John Levitsky, President of U.S. Financial Institutions, said, "The new Signify Business Cash World Elite Mastercard prioritizes the rewards and benefits that small business owners value most. We've worked closely with Wells Fargo to create a product that makes running a business more rewarding."