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ExpressONE®
Commercial MasterCard® (Wells Fargo)
This is the heaviweigt of business credit cards. If you have a large organization
which requires dozens or hundreds of cards issued, you should consider this
credit card. If you own a business with annual sales of $1 million to $20 million
that needs to manage and track general purchasing, travel and entertainment
costs and vehicle expenses, the ExpressONE Commercial MasterCard program is
one to consider. The program gives you the ability to determine what your employees
can purchase, how much they can spend, and where they can do their purchasing.
This card also allows you to eliminate personal responibilty for the credit
card and place the responsabilty with the corporation. With this flexablity
comes a number of requirements. If you are applying for more than $100,000 in
credit you will have to send three years of financial documents (including tax
forms). This isn't the type of card you decide to sign up for on a whim. If
you are interested in a comprehensive solution for your business, read the information
provided below and then get in contact with Wells Fargo.
| Interest
Rates |
Prime
plus a range from 0% to 9.8% depending on your personal and business
credit history. |
| Annual
Fee |
N/A See card
fees below. |
| Credit
Line |
From $20,000 to $250,000 per account.
Individual credit lines can range from $250 to $25,000 per card. |
| Management
Reports |
As
an ExpressONE member you will have access to online and downloadable
information to help you get the most out of your ExpressONE MasterCard
program. |
| Online
Account Access |
Yes |
| Bonus
Programs |
No |
| Free
Business Benefits |
Consolidated
billing or billing to each card. Ability to select what type of purchases
will and will not be allowed to be made with each employees card.
Catagories include All, Travel & Entertainment, Purchasing, and
Gas & Maintenance. Employee fraud protection: your company is
automatically protected from credit card misuse and fraud with the
MasterCoverage® Liability Protection Program. As an ExpressONE
customer, you're entitled to rental insurance coverage, extended warranties,
emergency and travel assistance, and more. |
| Service
and Product Discounts |
Standard
Business MasterCard savings. |
| Additional
Cards |
You
can get from 6 to 200 cards. Annual fees are $10 each for
cards 6-50. If you have 51 cards or more issued to unique employees
you pay no fee for any of the cards issued. |
| Credit
Secured By |
3
options: Corporate with business owner(s) personal guarantee; Corporate;
Joint and Several |
| Acceptance |
MasterCard
business credit cards are accepted at most locations around the world. |
| Fee
Schedule |
N/A |
| Grace
Period |
N/A
Depending on the type of account you get you may or may not be able
to have a revolving balance. |
| Apply
Online |
No
but click
here to visit their web site where you can print an application. |
| Contact
Information |
Apply: 877-727-4801 |
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Note that this site provides
as much details about these business credit cards as possible. Because of this
level of detail the terms of the offer may have changed when you visit the bank's
web site or call their customer service number. Be sure to read all the details
for a credit card at the issuers site before you apply. If you find that some
of the information about this card is not correct please go to the update
page and send a quick message so the site can update the listing.
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