The benefit of bumping up other spending would be especially great during the first three months of the card, when the introductory bonus can be earned. Let's imagine a more travel-inclined family who takes several trips a year that would add $1,500 a year to their travel and and an additional $1,500 to dining spending (in addition to the $780 ($65 * 12) in lodging we included for our average family above). If you are eager to start racking up rewards points toward your next vacation – but not ready to spend $95 a year or more to do so – the Propel is a great option. Earn 2% unlimited cash back towards your financial goals. The no-annual-fee Wells Fargo Propel American Express® card offers solid cash-back earning rates, especially in millennial-friendly bonus categories such as streaming services, dining and travel. Earn 1% cash back on all eligible purchases—and when you redeem it to pay down eligible debt, save, or invest with SoFi, we'll throw in an extra 1% toward your goal, for a total of 2%. Learn more about our advertising policy. Investopedia is committed to delivering the best credit card recommendations in the industry. Your rewards can be redeemed in many ways, but cash back is usually your best option. Just be sure to compare prices on Go Far Rewards to other travel sites to ensure you are getting the best deal. to maintain accurate information. The Capital One Venture Rewards Credit Card, for example, offers 60,000 miles to users who spend $3,000 in the first 3 months and charges a $95 annual fee. Privacy Policy, Essential news and expert tips in your inbox every week. Nowadays, dining out, ridesharing, and streaming have become ubiquitous, and the Wells Fargo Propel from American Express Card helps cardholders turn these activities into rewards points. Compare travel costs on Go Far Rewards to other travel sites to ensure you get the best deal. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The card details on this page have not been reviewed or provided by the card issuer. According to the Bureau of Labor Statistics, the average household in 2017 spent $280 per month on dining out, $65 per month on travel (for lodging away from home), $164 per month at gas stations, and $29 per month on streaming services. Here’s how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. level 1 And those purchases can come from either the premium-rewards categories or from other spending, whose 1 point per dollar rewards can also help increase your points balance. The Wells Fargo Propel American Express® card has taken the best parts of almost every credit card category and bundled them up into one colossal piece of metal (not plastic!) The Wells Fargo Propel card has the potential to be about average for your credit standing but is more likely to be a lot higher. If you don’t currently have a Wells Fargo Visa Signature card, consider signing up for one. The information for the Wells Fargo Propel card has been collected independently by The Points Guy. You can even transfer points to a Wells Fargo checking or savings account at 1 cent per point. The Wells Fargo Propel American Express® card doesn’t charge a foreign transaction fee, but that may not be a huge benefit overall since American Express credit cards aren’t as widely accepted overseas as other credit card networks. The Wells Fargo Propel card is an American Express card – rather than a Visa or Mastercard. The Wells Fargo Propel American Express Card manages this quite well, and with a generous welcome bonus to boot. The offers that appear on this site are from companies from which CreditCards.com receives compensation. While all credit card companies are scrambling to give consumers better deals and bigger offers, finding this kind of combination of benefits in one single card … This American Express card is issued by Wells Fargo, so not all of the traditional American Express benefits apply. Use the card for travel and cell phone purchases to qualify for protections. The Wells Fargo Propel card has a lucrative rewards rate, including 3 points per dollar on dining, travel and transit, gas station purchases and select streaming services. Maximizing rewards with the Wells Fargo Propel American Express Card is fairly straightforward. Never once had a problem with Wells Fargo. 20,000 points if you spend $1,000 in first 3 months, Average Yearly Rewards Value ($1,325 monthly spend) The resulting $3,000 in spending would, at 3-point-per-dollar earnings, add 9,000 points to annual rewards earnings. With a 12-month 0% APR offer on balance transfers, the Wells-Fargo Propel is also a passable option if you're looking to pay down debt acquired on another card or to make some new purchases that may take a while to pay off. That way, you can ensure you meet the required spending of $1,000 within three months that qualifies for the card's 20,000-point bonus. We also assign value to sign-up bonus offers and their initial spending requirements, when present. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. When compared among all rewards cards in our database: For Wells Fargo Propel American Express® Card, See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. If you're looking for a new credit card, it's helpful to consider the issuer’s customer service. You can contact customer support through its online platform or by calling 1-800-642-4720. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases. Compared to other cards with no annual fee, this bonus is substantial. It offers solid rewards, a 0% intro period, and cell phone protection when you pay your bill with your card. Unlike many rewards programs, you won’t lose point value by choosing a different redemption option. While the Wells […] In fact, it could be nearly twice the 13.04% APR that credit cards for people with excellent credit charge, on average, according to WalletHub’s latest Credit Card Landscape Report. The spending above would quickly satisfy the $1,000 required to earn the 20,000 bonus points. The Wells Fargo Propel American Express® Card is a practical, no-annual-fee credit card with a points-based rewards system that favors spending in a slew of popular budget categories. That said, be aware that balance transfers come with a fee of at least 3% of the amount transferred, which isn't uncommon. Wells Fargo Propel review Who is this card for? Also, keep in mind that this is an American Express card. You can request cash at Wells Fargo ATMs, as a paper check or as a deposit or credit to a qualifying account. If you’re new to travel credit cards the Propel could be a good place to start. And that's before considering all other purchases at a point per dollar spent, which might easily add as much or more if this card was used for that spending as well. For instance, it doesn’t include trip cancellation or primary rental car insurance – two potentially valuable benefits in case your trip goes awry. Currently, the Wells Fargo Propel American Express card provides the opportunity for new cardholders to earn up to 50,000 bonus points for a limited time. It offers solid … This is important, as the card earns Go Far Rewards points rather than Membership Rewards. They knew both banking and secure express services were going to be huge opportunities for growth in this fledgling state. The Wells Fargo Propel American Express® card is one of the more interesting travel oriented credit cards available. You can transfer points earned on the Propel to the Visa Signature to earn a higher point value on airfare redemptions. People looking to transfer an existing credit card balance stand to benefit the most from this card because of the 15-month 0% introductory rate and the opportunity to still earn purchase rewards. It’s one of several rewards cards issued by Wells Fargo. For example, if you spend $2,650 per month on the card, you’ll earn nearly $500 from the introductory offer. 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