diff --git a/BoxCLI/BoxCLIInfo.cs b/BoxCLI/BoxCLIInfo.cs
index c60867b0..7c3c697d 100644
--- a/BoxCLI/BoxCLIInfo.cs
+++ b/BoxCLI/BoxCLIInfo.cs
@@ -4,6 +4,6 @@ public class BoxCLIInfo
     {
         public const string ProductTitle = "Box CLI";
 
-        public const string Version = "1.0.0";
+        public const string Version = "1.0.1";
     }
 }
\ No newline at end of file
diff --git a/BoxCLI/Commands/FolderCommand.cs b/BoxCLI/Commands/FolderCommand.cs
index 1dc668ba..898fa290 100644
--- a/BoxCLI/Commands/FolderCommand.cs
+++ b/BoxCLI/Commands/FolderCommand.cs
@@ -25,6 +25,7 @@ public override void Configure(CommandLineApplication command)
             command.Command(_names.SubCommandNames.Download, _subCommands.CreateSubCommand(_names.SubCommandNames.Download).Configure);
             command.Command(_names.SubCommandNames.Upload, _subCommands.CreateSubCommand(_names.SubCommandNames.Upload).Configure);
             command.Command(_names.SubCommandNames.ChangeUploadEmail, _subCommands.CreateSubCommand(_names.SubCommandNames.ChangeUploadEmail).Configure);
+            command.Command(_names.SubCommandNames.Rename, _subCommands.CreateSubCommand(_names.SubCommandNames.Rename).Configure);
             command.Command(_names.CommandNames.Metadata, new MetadataCommand(base._boxPlatformBuilder, base._boxHome, this._factory, base._names, BoxType.folder).Configure);
             command.Command(_names.CommandNames.Collaborations, new CollaborationOnItemCommand(base._boxPlatformBuilder, base._boxHome, this._factory, base._names, BoxType.folder).Configure);
             command.Command(_names.CommandNames.SharedLinks, new SharedLinkCommand(base._boxPlatformBuilder, base._boxHome, this._factory, base._names, BoxType.folder).Configure);
diff --git a/BoxCLI/Commands/FolderSubCommands/FolderRenameCommand.cs b/BoxCLI/Commands/FolderSubCommands/FolderRenameCommand.cs
new file mode 100644
index 00000000..5a3c0bb6
--- /dev/null
+++ b/BoxCLI/Commands/FolderSubCommands/FolderRenameCommand.cs
@@ -0,0 +1,83 @@
+using System;
+using System.Collections.Generic;
+using System.Text;
+using BoxCLI.BoxHome;
+using BoxCLI.BoxPlatform.Service;
+using BoxCLI.CommandUtilities.Globalization;
+using Microsoft.Extensions.CommandLineUtils;
+using System.Threading.Tasks;
+using Box.V2.Models;
+
+namespace BoxCLI.Commands.FolderSubCommands
+{
+    class FolderRenameCommand : FolderSubCommandBase
+    {
+        private CommandLineApplication _app;
+        private IBoxHome _home;
+        private CommandArgument _folderId;
+        private CommandArgument _folderName;
+        private CommandOption _description;
+        private CommandOption _etag;
+
+        public FolderRenameCommand(IBoxPlatformServiceBuilder boxPlatformBuilder, IBoxHome home, LocalizedStringsResource names) : base(boxPlatformBuilder, home, names)
+        {
+            _home = home;
+        }
+
+
+        public override void Configure(CommandLineApplication command)
+        {
+            _app = command;
+            command.Description = "Rename a folder.";
+            _folderId = command.Argument("folderId",
+                               "Id of folder to rename");
+            _folderName = command.Argument("fileName",
+                               "New name of file");
+            _description = command.Option("--description", "Change the folder description", CommandOptionType.SingleValue);
+            _etag = command.Option("--etag", "Only rename if etag value matches", CommandOptionType.SingleValue);
+            command.OnExecute(async () =>
+            {
+                return await this.Execute();
+            });
+            base.Configure(command);
+        }
+
+        protected async override Task<int> Execute()
+        {
+            await this.RunRename();
+            return await base.Execute();
+        }
+
+        protected async Task RunRename()
+        {
+            base.CheckForId(this._folderId.Value, this._app);
+            base.CheckForValue(this._folderName.Value, _app, "A name value is required to rename a folder.");
+            var boxClient = base.ConfigureBoxClient(base._asUser.Value());
+            var folderRenameRequest = new BoxFolderRequest()
+            {
+                Name = this._folderName.Value,
+                Id = this._folderId.Value
+            };
+
+            if(this._description.HasValue())
+            {
+                folderRenameRequest.Description = this._description.Value();
+            }
+            BoxFolder folder;
+            if(this._etag.HasValue())
+            {
+                folder = await boxClient.FoldersManager.UpdateInformationAsync(folderRenameRequest, etag: this._etag.Value());
+            }
+            else
+            {
+                folder = await boxClient.FoldersManager.UpdateInformationAsync(folderRenameRequest);
+            }
+            if (base._json.HasValue() || this._home.GetBoxHomeSettings().GetOutputJsonSetting())
+            {
+                base.OutputJson(folder);
+                return;
+            }
+            base.PrintFolder(folder);
+        }
+    }
+}
diff --git a/BoxCLI/Commands/FolderSubCommands/FolderSubCommandFactory.cs b/BoxCLI/Commands/FolderSubCommands/FolderSubCommandFactory.cs
index c9c280fc..eb497098 100644
--- a/BoxCLI/Commands/FolderSubCommands/FolderSubCommandFactory.cs
+++ b/BoxCLI/Commands/FolderSubCommands/FolderSubCommandFactory.cs
@@ -55,6 +55,10 @@ public override ISubCommand CreateSubCommand(string commandName)
             {
                 return new FolderUploadCommand(base._boxPlatformBuilder, base._boxHome, base._names);
             }
+            else if (commandName == base._names.SubCommandNames.Rename)
+            {
+                return new FolderRenameCommand(base._boxPlatformBuilder, base._boxHome, base._names);
+            }
             else
             {
                 throw new Exception("Command not registered.");
diff --git a/BoxCLI/Commands/FolderSubCommands/FolderUpdateCommand.cs b/BoxCLI/Commands/FolderSubCommands/FolderUpdateCommand.cs
index 84920022..3f8e98f4 100644
--- a/BoxCLI/Commands/FolderSubCommands/FolderUpdateCommand.cs
+++ b/BoxCLI/Commands/FolderSubCommands/FolderUpdateCommand.cs
@@ -153,7 +153,26 @@ await this.UpdateFoldersFromFile(this._bulkFilePath.Value(), base._asUser.Value(
             {
                 folderUpdateRequest.Tags = this._tags.Value().Split(',');
             }
-            var updated = await boxClient.FoldersManager.UpdateInformationAsync(folderUpdateRequest);
+
+            if (this._name.HasValue())
+            {
+                folderUpdateRequest.Name = this._name.Value();
+            }
+
+            if (this._description.HasValue())
+            {
+                folderUpdateRequest.Description = this._description.Value();
+            }
+
+            BoxFolder updated;
+            if (this._etag.HasValue())
+            {
+                updated = await boxClient.FoldersManager.UpdateInformationAsync(folderUpdateRequest, etag: this._etag.Value());
+            }
+            else
+            {
+                updated = await boxClient.FoldersManager.UpdateInformationAsync(folderUpdateRequest);
+            }
             if (base._json.HasValue() || this._home.GetBoxHomeSettings().GetOutputJsonSetting())
             {
                 base.OutputJson(updated);
diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 00000000..1716a831
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,10 @@
+# Changelog
+
+## 1.0.1
+
+- Fixed minor bug preventing --name, --description, and --etag options from working on the `box folders update` command
+- Added a `box folders rename` command.
+
+## 1.0.0
+
+- Welcome to the Box CLI!
\ No newline at end of file
diff --git a/README.md b/README.md
index 4bb3b4a5..71d9bc12 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # Box CLI
-
+## Current Version: 1.0.1
 ## Prerequisites for Building from Source
 * [.Net Core SDK v2.0](https://www.microsoft.com/net/core)