Wells Fargo Propel AmEx Credit Card Review

Entire Review » There are no open applications for this card.

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There is no longer a new application limit for the Wells Fargo Propel American Express® card. However, Wells Fargo introduced the Wells Fargo AutographSM Card – Offer Ending Soon in late June 2022, a card with comparable features.

The Wells Fargo Propel American Express® card was no longer taking new applications as of April 2021.

Existing cardholders, however, can still take advantage of the card’s compelling value proposition, which includes triple points in a number of well-liked categories, such as dining and travel, for no annual fee. There aren’t many cards in its class that can compete with it, and the Propel has won the “Best No-Annual-Fee Travel Credit Card” award from NerdWallet three times in a row.

The Propel, however, doesn’t include upscale benefits like travel credits, access to airport lounges, travel transfer partners, or reimbursement for Global Entry or TSA Precheck, unlike more costly cards. But it does include certain extras, such as additional rental car insurance and cell phone protection. For a card that doesn’t cost anything to carry, that is a ton of value.

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Here are the benefits of the Wells Fargo Propel American Express® card for current cardholders.

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The Wells Fargo Propel American Express® card’s main characteristics

Wells Fargo Propel AmEx Credit Card Review

Travel credit card type.

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Annual cost: zero

Earn three points for every dollar you spend in the following categories:

Eat and hydrate. Bars, takeaway, and dining in restaurants all fall under this category.
Drive and ride. Gas stations, ridesharing, and public transportation fall under this category.
Stay & Fly. Flights, lodging, homestays, and other services fall under this category.
Watch and hear. Amazon Prime, Audible, Apple Music, Apple TV+, Disney+, ESPN+, fuboTV, HBO Now, Hulu, Netflix, Pandora, Sirius XM Radio, Spotify Premium, and more are among the eligible streaming services included in this category.

Every additional qualified dollar spent results in one point.

Through the Wells Fargo Rewards website, one penny’s worth of points can be exchanged for gift cards, cash back, or travel. Travel arrangements can be made with a combination of points and a credit card. You may redeem for cash back using a Wells Fargo ATM as long as it’s in $20 or 2,000 point increments. In addition, you may redeem by phone or online in $25/2,500-point increments, with the option to receive a check or to apply the funds straight to any qualified Wells Fargo account.

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Short Facts

There is no yearly fee and no charge for currency exchange.
When ordering in and out, earn 3X points.
Get 3X points on well-known streaming providers.

Pros & Cons

Pros

No yearly charge
There is no international transaction charge
On purchases and qualified balance transfers, the introductory APR period.

Cons

There are fewer retailers that accept American Express than Visa or Mastercard.
Must have good to excellent credit.

Other advantages:

When you use the card to pay your monthly cell phone bill, you’ll receive up to $600 in damage or theft coverage for your phone.
Insurance against travel-related accidents and payment for misplaced luggage
Roadside assistance and rental car coverage are included in the auto insurance and protection.
Purchase safeguards, such as extended warranty and return protection.

* Terms and conditions could be in force.

The Wells Fargo Propel American Express® card’s advantages

No yearly charge

Some of the finest rewards cards have an annual charge, particularly the ones that provide big initial incentives and high continuous returns. Therefore, in order for a credit card to be worthwhile, you would need to accumulate enough value in rewards to offset the annual cost. With the Wells Fargo Propel American Express® card, that is not a problem. It’s uncommon to find a travel rewards card that provides this much ongoing value without charging you anything each year (assuming you don’t accrue interest charges, of course).

Kinds of rewards that are open to all

The Wells Fargo Propel American Express® card’s reward categories, in contrast to certain other travel cards, are both profitable and widely attractive. It’s not the first travel rewards card that provide benefits for uncommon categories like cabs, tolls, and campsites. But in addition to homestays and ridesharing, the Wells Fargo Propel American Express® card now offers triple points on inexpensive travel websites. The category of streaming services is likewise unique and could be useful to the correct sort of consumer.

The Wells Fargo Propel American Express® card has drawbacks.

Few upscale benefits

If you want a credit card with special travel bonuses and other advantages, you’ll generally have to pay for it. There is no annual charge for the Wells Fargo Propel American Express® card, but it also doesn’t offer benefits like Global Entry/TSA Precheck reimbursement, use of an airport lounge, or the option to transfer your credits to airline or hotel partners are some examples.

Limited potential for worldwide acceptance

Although there are no international transaction fees with the Wells Fargo Propel American Express® card, American Express is less generally accepted abroad than Mastercard and Visa. Thus, this card might not be your best option if you want to go abroad.