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- Wells Fargo Propel Amex card Review
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It's not often you find a credit card that provides a buffet of lucrative perks, but the Wells Fargo Propel American Express® card does just that. This single card includes a sign-up bonus, robust rewards program, and long 0% intro APR -- with no annual fee to boot. If you've been looking for a new credit card that won't add to your yearly expenses, take a look at the perks and the very few gripes in this Wells Fargo Propel American Express® card review.
Great for: Rewards and sign-up bonus
Wells Fargo Propel American Express® card
Bottom Line
This no-annual-fee rewards card enables you to earn 3X points for dining out, travel, gas stations, and more, plus a big sign-up bonus. The addition of a 0% Intro APR offer makes it even more surprising that there's no annual fee.
Credit Rating Requirement:
Rewards
3X points for eating out and ordering in, gas stations, rideshares, transit, flights, hotels, and more, 1x points on all else
Annual Fee
$0
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months
Ongoing APR
14.49% - 24.99%, variable
Welcome Bonus
20,000 points after spending $1,000 within 3 months
Highlights
Wells Fargo Propel American Express® card topped the podium in the following categories for The Ascent's 2020 credit card awards:
20,000 bonus points: The Wells Fargo Propel American Express® card has a higher sign-up bonus than most no annual fee cards, and you'll get the bonus after spending $1,000 in the first three months. Wells Fargo points are worth $0.01 per point, giving this bonus a value of $200.
Earn up to 3 points per $1: This is an excellent rewards rate, and you'll get it for a diverse mix of different expense categories. Streaming services, in particular, is a category where not many other cards earn bonus rewards. This card earns 3 points per $1 on:
You'll earn 1 point per $1 on all other purchases.
No annual fee: The card won't add to your out-of-pocket costs, because there's no annual fee.
0% intro APR on purchases and qualifying balance transfers: This intro APR applies for the first 12 months, making the Wells Fargo Propel American Express® card useful if you're paying off a big expense in installments or want to transfer balances to save on credit card debt.
No foreign transaction fee: Most no annual fee cards will have a foreign transaction fee of 3%, but this card isn't one of them, making it perfect for travelers.
Cell phone protection: Wells Fargo will provide phone protection up to a maximum of $600 per claim and $1,200 per 12-month period with a deductible of $25. You'll need to pay your cell phone bill using your Wells Fargo Propel American Express® card for the coverage to apply. This excellent perk is rare among credit cards, especially with such a low deductible.
Travel and purchase protections: You'll get the following protections when you use this card to make purchases:
Cash back redemption rules: For most cash back redemptions, you must redeem rewards in increments of 2,500 points for $25. There is a smaller increment of 2,000 points ($20) for redemptions made through a Wells Fargo ATM if you have a Wells Fargo debit card.
Points aren't transferable: Wells Fargo doesn't have any travel partners where you can transfer your points for award bookings, which means there's no way you'll be able to score a higher-value redemption. We'd suggest reviewing other travel credit cards for applicants wanting to stretch the value of their points.
The Wells Fargo Propel American Express® card is intended for people with good to excellent credit, or generally a 670-plus FICO® Score. Approval isn't guaranteed with any credit score since many factors are assessed during the underwriting process. While applicants with good credit will have a better chance of approval, it's not guaranteed with a higher credit score or impossible with a lower credit score.
You'll also have to comply with the Wells Fargo application rules in order to qualify for this credit card.
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Chase Sapphire Preferred® Card | Bank of America® Cash Rewards credit card |
Rating image, 5.0 out of 5 stars.
5.0 stars
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4.5 stars
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. |
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On Chase's Secure Website. |
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On Bank of America's Secure Website. |
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Credit Rating Requirement: |
Credit Rating Requirement: |
Welcome Bonus: 60,000 points after spending $4,000 within 3 months |
Welcome Bonus: $200 after making at least $1,000 in purchases within 90 days of account opening |
Rewards Program: 2x points on travel and dining, 1x points on all other purchases. 25% more points for travel booked through Chase's portal. |
Rewards Program: 3% cash back in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), 1% on all other purchases. |
Intro APR: Purchases: N/A Balance Transfers: N/A |
Intro APR: Purchases: 0%, 12 billing cycles Balance Transfers: 0% Intro APR for 12 billing cycles for any balance transfers made in the first 60 days |
Regular APR: 15.99% - 22.99% Variable |
Regular APR: 13.99% - 23.99% Variable |
Annual Fee: $95 |
Annual Fee: $0 |
Highlights:
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Highlights:
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Apply Now
On Chase's Secure Website. |
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On Bank of America's Secure Website. |
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The Wells Fargo Propel American Express® card is so packed with perks that it can satisfy almost anyone's needs. It's sure to fit you well if you want a rewards credit card that:
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