Wells Fargo Propel AmEx: New Applications Suspended; Still a valuable card - NerdWallet (2023)

» This card does not accept applications

TheWells Fargo Propel American Express®-Karteis no longer available to new applicants. However, in late June 2022, Wells Fargo launched theWells Fargo Autogrammkarte℠, which is a similar product with similar benefits.

From April 2021 theWells Fargo Propel American Express®-Kartedid not accept new applications.

But for existing cardholders, the card still offers a compelling value proposition: triple points across a variety of popular categories - including food and travel - all for a$0Annual fee. There aren't many cards in its class that can match that, and in fact the Propel has won three consecutive NerdWallet Best Of awards, such as "Best travel credit card with no annual fee."

Unlike pricier cards, however, the Propel doesn't offer swanky perks like travel credit, airport lounge access, travel transfer partners, or reimbursement forGlobal Entry oder TSA Precheck. But there are a few extras such as mobile phone protection and additional rental car insurance. That's a lot of value for a card that costs nothing.

If you already own theWells Fargo Propel American Express®-Karte, here is what it offers you.

" MORE:The best travel credit cards from NerdWallet with no annual fee

main features ofWells Fargo Propel American Express®-Karte

Memory card type: Travel.

(Video) Wells Fargo Propel Amex Card Review (Late 2020)

Annual fee:$0.

Reward:Earn 3 points per $1 spent in the following categories:

  • Eat Drink.This category includes restaurants, takeaways and bars.

  • drive & drive.This category includes gas stations, ridesharing and transit.

  • Fly & Stay.This category includes flights, hotels, homestays and more.

  • See & Hear.This category includes several legitimate onesStreaming Services, wie Amazon Prime, Audible, Apple Music, Apple TV+, Disney+, ESPN+, fuboTV, HBO Now, Hulu, Netflix, Pandora, Sirius XM Radio, Spotify Premium und mehr.

All other eligible spend earns 1 point per $1 spent.

Points are worth one cent each and can be redeemed for things like travel, cashback, or gift cards through theWells Fargo AwardsPortal. You can book trips using a combination of points and a payment card. Cashback can be redeemed at a Wells Fargo ATM for amounts greater than $20/2,000 points. You can also redeem credit over the phone or online in increments of $25/2,500 points applied directly to an eligible Wells Fargo account, or you can request a check.

🤓Nerdy tip

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You can aggregate Wells Fargo Rewards between Wells Fargo cards. So if you are a Propel cardholder and also theWells Fargo Visa Signature® credit card, you can transfer your points to the Visa Signature product and use that card's enhanced redemption value toward airfare, a Wells Fargo representative confirmed. The Wells Fargo Visa Signature® credit card is not available through NerdWallet.

Fees for foreign transactions:none.

Other advantages:

  • Phone protectionup to $600 less a $25 excess if your phone is damaged or stolen (if you use the card to pay your monthly cell phone bill).*

  • Travel accident insurance and lost luggage.*

  • Car protection and insurance, including roadside assistance and rental car coverage.*

  • Purchase protection including return protection and extended warranty.*

* Terms and conditions may apply.

" MORE: Top credit cards with mobile phone insurance

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highlights ofWells Fargo Propel American Express®-Karte

Annual contribution from$0

Some of thebest award cards– especially those that offer generous welcome offers and high ongoing bonuses – come with an annual fee. So for a card to be worthwhile, you would need to earn enough rewards to offset the annual fee. That's no problem with the Wells Fargo Propel American Express®-Karte. It's rare to find a travel rewards card that offers so much ongoing value without an annual cost (assuming you don't incur interest charges).

Wide range of rewards

Unlike some other travel cards, the award categories for theWells Fargo Propel American Express®-Karteare both lucrative and generally attractive. It's not the only travel rewards card that includes certain onesless noticed categoriessuch as campsites, tollbooths and taxis. But theWells Fargo Propel American Express®-Kartealso earns triple points on discount travel sites, not to mention homestays and ridesharing. The streaming services category is also a differentiator and could be valuable for the right kind of user.

" MORE: NerdWallet's best cards for streaming services

disadvantages ofWells Fargo Propel American Express®-Karte

Few premium benefits

If you're looking for a card with exclusive travel perks and other perks, chances are you'll have to pay for it. TheWells Fargo Propel American Express®-KarteDoesn't come with an annual fee, but it doesn't come with extras like eitherGlobal Entry/TSA-VorabprüfungRefunds, access to airport lounges, or the ability to transfer your awards to hotel or flight partners.

International acceptance may be limited

WhileWells Fargo Propel American Express®-Kartedoes not charge fees for international transactions, American Express is not as widely accepted outside the US as Mastercard and Visa. So for international travel this card might not be the best choice.

" MORE: Wells Fargo Credit Card Mobile App Review

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possible alternatives

Bank of America® Travel Rewards Credit Card

If you want rewards from a travel card with no annual fees, but find the idea of ​​tracking bonus tiers uncomfortable, give that a goBank of America® Travel Rewards Credit Cardis a solid choice. Cardholders receive unlimited 1.5 points per dollar spent on all purchases. Plus, you'll earn 3 points per dollar spent at the Bank of America® Travel Center - double the standard card rate. Awards are redeemable for credit toward any travel purchase. Those who qualify for the bankPreferred RewardsProgram can earn bonuses on their earnings of 25% or more.

" MORE:Full Bank of America® Travel Rewards Credit Card Review

Chase Sapphire Preferred® Karte

If your goal is travel rewards plus perks, this is itChase Sapphire Preferred® Karteis a strong contender. The card earns bonus rewards in several categories, including food and travel (and by March 2025, it's earning 5x points on Lyft). It has an annual fee of$95, but also offers a rich sign-up bonus:Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months of account opening. That's $750 in trips when redeemed through Chase Ultimate Rewards®.The secret of this card is that points have a 25% higher value when used to book travel throughTrack Ultimate Rewards®Portal. So when you earn 10,000 points, you can redeem them for $100 cashback or $125 towards travel. And because theChase Sapphire Preferred® KarteAllowing you to transfer points to multiple airline and hotel partners means you can potentially get even more value from your rewards.

" MORE: Full review of the Chase Sapphire Preferred® Card

Citi® Double Cash Card

If you don't travel much and want a simple rewards structure, consider a flat-rate cashback credit card like thisCiti® Double Cash Card. It has an annual fee of$0, but instead of tiered rewards, it offers 2% cashback on everything - 1% back when you make a purchase, and another 1% back when you pay for it.

" MORE: Full review of the Citi® Double Cash Card

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If you're looking for more credit card alternatives, check out NerdWallet'sbest credit cardsbook page.

Information related to the Wells Fargo Visa Signature® credit card was collected by NerdWallet and has not been verified or provided by the issuer of that card.


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