Wells Fargo Propel World American Express® Card Review

wells fargo propel world amexOverview

APRs:

  • APR: 13.99% to 21.99% based on your credit worthiness
  • Introductory APR: 0% for the first twelve months
  • Cash advance APR: 23.99%
  • Penalty APRs: Unknown
    • Applies if you make a late payment
    • Can apply indefinitely
  • Grace period: 25 days
  • Minimum interest charge: $1

Note all APRs may vary based on the prime market rate.

Fees:

  • Annual fee: $175, first year fee waived
  • Balance transfer fee: $5 or 3% whichever is greater for the first twelve months, then 5% or $5 whichever is greater
  • Cash advance fee: $10 or 5%, whichever is greater for SUPERCHECK advance, ATM advance or advance through Wells Fargo Online. $20 or 5%, whichever is greater for all other cash advances
  • Foreign transaction fee: None
  • Late payment fee: Up to $35
  • Returned payment: Up To $35

Card Benefits

  • No foreign currency conversion fees
  • Up to $100 per year in reimbursements toward incidental airline charges
  • 40,000 point sign up bonus after $3,000 in spend
  • 3x on all airline purchases, 2x on all hotel purchases
  • Complimentary room upgrades and more from the Luxury Hotel Program

Card Negatives

  • High annual fee of $175 after first year

Application Information

This is a brand new card and as such there isn’t much (if any) information on it as of yet. We will update this section as more information comes to hand.

What Credit Score Is Required

Credit Boards Credit Karma
Lowest approved score ? ?
Average approved score ? ?

We currently don’t have any precise credit score information for this card, it is a premium offering by Wells Fargo and as such we recommend having a credit score above 720 before applying. We’ll update this page as more information comes to hand.

apply now big

Common Reasons For Denial:

  • Too many recent applications
  • Income too low

What Credit Bureau Does Wells Fargo Pull For The Propel Card?

This will be dependent on which state you live in. We suggest using the credit boards credit pull application, entering “Wells Fargo” and then your state to get a rough idea of which credit bureau they will pull.

What Credit Limit Will I Receive?

Minimum Credit Limit Highest Reported Credit Limit Average Credit Limit
$5,000 $12,000 $8,250

Rewards Program

This card earns

Earning Rewards

This card earns Well Fargo points at the following rates:

  • 3X points per dollar spent on Airlines
  • 2X points per dollar spent on Hotels
  • 1X points per dollar spent on all other purchases

You also earn an additional “relationship” bonus if you maintain an additional account with Wells Fargo, the bonus rates are as follows:

  • Checking or savings account: 10% relationship bonus
  • PMA package with a relationship balance of $250,000 or less: 25% relationship bonus
  • PMA package with a relationship balance of $250,000 or more: 50% relationship bonus
  • Wells Fargo Private Banking PMA Package client: 50% relationship bonus

This bonus is paid out on the 13th month billing cycle after you first opened your account and then annually after that. You do not earn this bonus on sign up points or bonus points (e.g if you make an $100 purchase with an Airline you’d receive 300 points and then an additional 10 relationship bonus points if you hold an eligible checking or savings account). There is currently a $100 sign up bonus for Wells Fargo checking accounts.

The most basic checking account has a monthly fee of $7 if you opt for paperless statements, which is waived if you receive direct deposits of $500 or more per month or have a minimum daily balance of $1,500 or more. The most basic PMA package has a monthly fee of $30 unless you have deposits totalling $25,000 or more.

Wells Fargo doesn’t offer great rates on their checking & savings products so we wouldn’t recommend signing up for these, especially since the relationship bonus doesn’t count towards sign up and bonus points.

Mall

You can also earn additional points by shopping through the Wells Fargo mall portal. Unfortunately this doesn’t look like a great portal, we had a look at a few offers and were able to find much better offers through other cash back sites.

Sign Up Bonus

Current Sign Up Bonus
  • 40,000 Wells Fargo Points after you spend $3,000 within the first three months
Sign Up Bonus History
  • Sign up bonus has always been the same

Redeeming Your Rewards

Wells Fargo rewards points can be redeemed at https://mywellsfargorewards.com/. Points have a value of 1¢ per point when redeeming for cash or cash equivalents. They have the following things that you can currently redeem for:

  • Cash, you can redeem for cash in denominations of $25 (1 point = 1¢). You can have this cash given to you in the following ways: statement credit on your card, check,  Wells Fargo mortgage, Wells Fargo home equity loan, personal Wells Fargo loan, deposit into a Wells Fargo checking account or deposit into a Wells Fargo savings account
  • Gift cards (starting at 2,500 points for a $25 gift card). 59 different merchants currently available with Amazon, Barnes & Noble, Fandago and host of other big brands.
  • Travel. You can also redeem your points for airline tickets at a rate of 1 point = 1¢, although some people have found that when they actually go to book their tickets they end up getting closer to 1.5¢ per point.

Our Verdict

This card has a great sign up bonus, you can redeem the 40,000 points you’ll receive for $400 in the form of a check. You can also get $100 back for any airline incidental purchases, this brings the total sign up bonus to $500 which is one of the best currently available, the annual fee is also waived for the first year which means it’s pure profit and you don’t need to worry about redeeming for gift cards and then reselling those.

As an everyday card it’s nothing that special, it basically earns 3% cash back on airlines, 2% on hotels and 1% on all other purchases. The American Express Fidelity is a flat 2% cash back card, so you’d only be better off with this card for airline purchases. The 10-50% bonus isn’t really worth worrying about because it doesn’t count on bonus or sign up points and it’s annoying to keep your checking or PMA accounts fee free.

I’m personally going to sign up for this card just to get the sign up bonus. I’ll then call up to try and get the annual fee waived on the second year or get some type of retention bonus, if they don’t offer one I’ll just cancel it.

apply now big

We Recommend This Card For:

  • People looking for a high cash sign up bonus
  • People who will rack up $100 in incidental airline expenses

We Don’t Recommend This Card For:

  • People looking for a credit card for their every day purchases

Alternatives To This Card

  • American Express Fidelity. For those who are looking for an everyday card this will be a better option as it earns a flat 2% cash back on all purchases.

F.A.Q’s

What counts as an airline incident charge that will be reimbursed for up to $100?

Read this post for more details.

Can I apply for this card if I’m not a permanent resident?

You can, but chances are you will not be approved. We’re not exactly sure why this is, but it looks like a rule Wells Fargo has.

 


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78 Comments on "Wells Fargo Propel World American Express® Card Review"

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Paul
Paul

Do you know if airline gift cards are eligible for the $100 credit?

de
de

is the airline reimbursement per calendar year or per card member year?

K
K

Doc,

You missed an important info. To apply online, you need existing relationship with Wells Fargo,else you can only apply in person at a branch location.

Paul Taylor
Paul Taylor

So, I just applied and did not get an instant approval. I got “We need to verify a few pieces of information before we can give you a credit decision.” Is that the kiss of death?

Peggy
Peggy

I didn’t get instant approval either but still got the card.

Geo
Geo

I was instantly approved for this card with a $15K limit…in my experience you MUST have some sort of relationship with the bank i.e. checking, savings, mortgage, etc

gaurav
gaurav

United MPX $100 Amazon GC buy triggered the reimbursement.

Vijay
Vijay

Gaurav,

I searched United MPX GC in amazon but I couldn’t able to find it. All I see is just the Soutwest GC in there, will it trigger the reimbursement if I buy it from Amazon? Also, would greatly appreciate the steps for both United and Southwest GC buys.

Thanks
Vijay

joe
joe

lmao he bought an amazon giftcard in the united mpx app. you dont search for a united card on amazon’s website. you have it backwards..

Dan
Dan

You have:

Penalty APRs: sdsfdfs

Did you forget to change that?

Steven
Steven

I’ve never found a flight redemption for better than 1 cpp.
Was a loophole closed? any reports of getting better than 1 cpp recently?

trackback

[…] Wells Fargo Propel World: $400 in cash or statement credit + $100 airline reimbursement  [Our review] […]

Sam
Sam

Will – you may want to change the link to the $100 sign up bonus for the checking account and remove the note that it is no longer available, with your much appreciated post of https://www.doctorofcredit.com/wells-fargo-100-checking-bonus-available-publicly-nationwide/ on 1/1/16.

GM
GM

Data point:
– Instant approval CL $13,000
– WF Free Savings acct w/ $300 balance opened one week earlier, no other relations
– 828 (FICO Discover), 802 (TU + EXP CreditKarma)
– three prior approved cards with different banks within last 6 months

DanV
DanV

Caution on getting the 40,000 bonus points. I met my minimum spend in March 2016, stopped spending on this card, and got a message on my Go Far Rewards account that said, “Congratulations! You earned 40,000 bonus points!” with a pending status message: “Pending – Expected Redeemable Date” for the next month. Each month the pending status date would change to next month without ever giving me my points. I called after 3 months of this and the rep. said I wouldn’t get the 40K points unless there was spending on my account to trigger a statement, and that I should go buy a pack of gum. I’ll try this and see if it works.

Chuck

Let us know how it goes

DanV
DanV

I spent $5 and the points did not post on the next statement. I called and Wells Fargo said I had to pay the statement amount and then the points would post. Finally got the 40K points immediately after my payment posted (4 months after meeting the minimum spending requirement).

Shyam
Shyam

Bonus posted on the 90 day mark(which was also my 3rd statement close) and I carry balance. I just made minimum payment due.

Marky Mark
Marky Mark

Am I the only one that can’t find an application link for this anymore? Seems like a dead product?

trackback

[…] We found a working link to signup for the Wells Fargo Propel World American Express. […]

Award Me
Award Me

data point. i was instantly approved for a $5K credit line. i currently have a 701/706 credit score (TU/Experian). however i have $88K yearly salary. i also have an existing relationship with wells fargo (checking account).

sonia
sonia

can i still buy a southwest gift card on the southwest website and get the $100 fee waived? Thanks doc

Aris
Aris

Does the following card increase the value of points:

https://www.wellsfargo.com/credit-cards/visa-signature/

I just applied and got approved in branch for the Propel World Amex. Now thinking about applying for the Visa Signature card to increase the value of GoFar rewards while redeeming for airfare. Is there any suggested time to take between WF applications?

Darv
Darv

I’m very interested in this as well. If can pool points and use the flight discount with this other card, makes the Propel offer significantly more valuable. Anybody have experience holding these two cards?

Sirtheta, where you at? This seems like an analysis right up your alley.

DH7
DH7

Instantly approved for 5k line, opened bank account with them on Wednesday. credit score 750.

Gloobnib
Gloobnib

Anybody have the bonus post yet? I met the spend before the end of 2nd statement, but no bonus points as yet.

Gloobnib
Gloobnib

Subscribe

allmail
allmail

Just applied, pending

AZ
AZ

Just applied, pending too.

trackback

[…] Reward on the Propel cards (thanks […]

Ethan
Ethan

Has anyone had success with the airline credit in 2017? I used my Propel card to purchase 1 $50 Alaska GC on 1/18, and haven’t yet received the airline credit.

I had no problem in 2016, purchasing 2 $50 Alaska GC on 12/3/16, and the credit posted the same day.

John K
John K

Ethan, I think you and I made the same mistake. This card’s $100 airline credit is based on a member year, not a calendar year. So if you haven’t hit your one year anniversary yet, you would not be eligible for an additional $100 airline credit. If you’re a bit of a gambler, you could try keeping your card for the second year and immediately use it for an e-gift card and call to cancel, you may be able to get two $100 credits for no annual fee (DP: https://www.doctorofcredit.com/counts-wells-fargo-propel-world-100-airline-credit/#comment-363506)

Stephen
Stephen

The reviewed version of the card seems to have gone away. I got a mailer from Wells advertising the Propel as a $0 annual fee card with an earning structure of 3x at US Gas Stations, 2x on US Restaurants, and 1x everywhere else. No sign up bonus and a foreign transaction fee.

DanV
DanV

FYI, if you are cancelling this card and want to use up less than $25 worth of remaining Go Far Rewards, you can get a $25 gift card and pay for it partially with points as long as you have 100 points.

For example, on 2/14/17, I got a $25 Shell gas gift by paying 663 points and charging the rest ($18.37) to a credit card (it doesn’t even have to be a Wells Fargo credit card).

Shyam
Shyam

Thanks for the info.
BTW, can it be downgraded to WF Visa Signature Card by retaining the points?

trackback

[…] are worth 1¢ each so this bonus is worth $400 + $100 in reimbursements. You can read our full review of this card here. This card is also on our best credit card sign up bonus page, mostly due to the fact I don’t […]

trackback

[…] Wells Fargo Propel World card is ranked as one of our top credit card bonuses currently (mostly due to the fact that it […]

Alx
Alx

Applied in branch today, got 5-7 day notice. Called 1-800-967-9521, which said I was approved with a $5000 limit.

Luke Bornheimer

Thanks for the detailed review, William! Any DP on downgrade options for the Wells Fargo Propel card? Can it be downgraded to a card with $0 annual fee, so that you can continue to charge your cell phone bill to a Wells Fargo card and get their great cell phone protection?

James
James

Been researching more on this card to get a definitive answer on the travel portal redemption and finally found out why some people got 1.5 redemption rates. It’s because if they also have the no AF Wells Fargo Visa Signature Card that offers 50% extra value when redeemed for airfare. Credit goes to milescards.com

http://milecards.com/1588433804/what-are-wells-fargo-gofar-rewards-worth/

Gene
Gene

has anyone received the $100 airline incidental credit for in-flight duty-free purchases?
thanks

mememe
mememe

I have…on Korean Air

Gene
Gene

very interesting!

John K
John K

Has anyone managed to get a retention offer for this card?

Also, any current data points on gift cards that trigger the $100 airline incidental reimbursement?

John K
John K

My WFPW is up for an annual fee in June 2017. I called in last night and was not offered a retention offer. I was told I could potentially product transfer without a hard credit pull but I would not be able to earn a bonus on that new card. I also have a Wells Fargo 360, and was told I could NOT convert my Propel World into another WF360 since I already have one.

Calling them was a bit of a hassle. It was a different department to discuss:
(1) Credit card benefits
(2) Credit card retention/closing
(3) Product transfer

so the person who the automated system launched me to for credit cards couldn’t help me with my questions. Then the person who could close the account couldn’t tell me about the transfer options available to me, and after I discussed the transfer options available to me with a third individual I would have to wait on hold again to get to the retention/closing department for a second time.

I’m going to do some research and see if I can buy a $100 gift card for my annual travel reimbursement and cash out my points for another gift card before I close in a week or two.

John K
John K

Clarification: I was confused about the $100 airline credit, thinking it was calendar year. It is not – it is member year (thanks DoC: https://www.doctorofcredit.com/counts-wells-fargo-propel-world-100-airline-credit/). Despite that, I may gamble and try to get an e-gift card and then cancel my card to avoid the fee, much like this user’s DP: https://www.doctorofcredit.com/counts-wells-fargo-propel-world-100-airline-credit/#comment-363506

Rab
Rab

any non us citizen been approved for this card?
Please let me know thank you

MontyFC
MontyFC

Yes, and I have an existing checking account with them.

AndrewChickentendi
AndrewChickentendi

DP 8/13/17

Called the number in the comments above, and after about 25 minutes I was approved for $4k with the 40k/$3,000 spend offer. Opened two new cards last week, neither with WF. I signed up for the $150 checking bonus in late May so I did have a preexisting relationship. This card is very much still within reach.

Can anyone who has had one comment on retention offers when the AF comes up? I’d like to not have to PC if I don’t have to. The airline credit seems useful.

AndrewChickentendi
AndrewChickentendi

8/4/17***

Disregard date above, am not from the future.

Chris
Chris

Got my 40,000 bonus finally after roughly 55 days after min spend. But now I see I can only redeem in the following increments for statement credit: “2,500, 5,000, 10,000, 25,000, 50,000, 100,000, 150,000 or 250,000 points.” What gives? I didn’t read this anywhere!

Emil
Emil

It’s annoying, but I just requested they send me 3 checks… $250 + $100 + $50.

Brian
Brian

HA Ha I was browsing to determine what I should do now that its been posted

Took forever and I reached out and asked about my points

Vince
Vince

Is there a no AF card I could PC this Wells Fargo Propel World card to?

Yet Another Redditor

They close the old account and give you a new account for the card. No point in PCing. Wait for 4 more months after 1st year and re-apply

DH7
DH7

Ah, I just made the mistake of PCing – this is a much better idea.

Yet Another Redditor

I was able to double dip on the $100 travel credit at the start of year 2.
Loaded funds into United Travel Bank. $10 (test transaction) and $90 for the rest.

Yet Another Redditor

Correction: the $10 was a test purchase using United MPX. The $90 was loaded to United Travel Bank. The minimum load to United Travel Bank is $25

Darv
Darv

When do I know when the travel credit resets for year 2? I know when I was approved for the card, but in digging at the Wells Fargo website, I don’t see any information about the travel credit, as to whether or not I used it. I know I used it for year 1 but it would be nice to know exactly when it resets. How did you know when to go for the year 2?

Yet Another Redditor

I was able to get the Year 2 credit 1 Year and 5 days days after the card was originally approved.
Year 2 AF hit on 1st of the month following the card anniversary. By then, I had already redeemed the $100 Travel credit.
I cancelled the card on the 1st and will apply again – since I am over the 16 month period between cards.

Darv
Darv

Fantastic. Excellent, very helpful information. Thank you!

ButterChurner
ButterChurner

Thanks for the DP. How long after AF posting do you have to cancel the card with the AF being refunded? Can’t seem to find any data on that…

Yet Another Redditor

I called the very next day after AF posted. Being WF, I wasn’t sure if we had 30 days or not to get full refund.

SamSimon
SamSimon

“You may not be eligible for introductory annual percentage rates, fees, and/or bonus rewards offers if you opened a Wells Fargo credit card within the last 15 months from the date of this application and you received introductory APR(s), fees, and/or bonus rewards offers, even if that account is closed and has a zero balance.” I guess not enforced?

EmergDoc87
EmergDoc87

I got the bonus a couple days ago, opened this card up months ago, sorry for not posting dates.

Just an aside, it has been a bizarre experience attempting (and failing) to get AMEX offers to work. You only have access to register your twitter with the amex offers twitter, but every time they tweet an offer the tweet has a hyperlink to the AMEX website, where it says ‘your card is managed by your financial institution, you do not have access to the AMEX website’. And AMEX assistance refuses to help.

Wells Fargo assistance has no idea what I’m talking about.

Here’s the website that makes me feel like this card should definitely have AMEX offers access

https://www.americanexpress.com/us/network/wellsfargo/propelworld/cardbenefits.html

It remains to be seen whether, if I tweet “yes I want this offer!” at AMEX offers’ twitter, with my twitter handle being registered with them (that registration is the only thing that went through on the AMEX website) if I have access to the AMEX offer I tweeted about – but there’s no way for me to actually know what the offer is – I’m just responding to a tweet that says, for instance, “Ready for Amex Offers? Click to enroll in this @Five_Guys offer. Terms apply.”

EmergDoc87
EmergDoc87

Figured things out myself. The terms embedded in AMEX Offers states that AMEX cards issued by other financial institutions are only eligible to utilize the AMEX offers program through the twitter platform.

Therefore, with this card you cannot access any targeted AMEX offers, just the rare one broadcasted on twitter

This goes for every AMEX card issued by an outside financial institution

Chris
Chris

DP – opened the card mid-december 2017. bought $100 Amazon gift card via United MPX soon after. I received $100 travel credit on December 2017 statement.

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