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The Offer
The Wells Fargo Propel card unveiled a new signup bonus limited-time offer:
- Get 30,000 points after spending $3,000 within 3 months.
- Get an additional 20,000 points when spending $15,000 within the first year.
Card Details
- No annual fee.
- No foreign transaction fees.
- Runs on the American Express network. It’ll be eligible for some Amex Offer deals.
- Like other Wells Fargo personal card, the card will come with cell phone protection.
- 3x on dining, transit, travel, and streaming services. The “transit” category is said to include even things like gas and ride share services.
- 1x everywhere else.
- Full details in this post.
Our Verdict
The Propel card was revamped last year, and has maintained a steady 30,000 points signup bonus with $3,000 of spend in 3 months. That offer is still around, they’ve just added an incentive to spend an additional $12,000 per year to get another 20,000 points.
If you plan on redeeming at 1 cent-per-point, it’s not a bad deal, but also not very exciting since you’ll end up earning about 2.8 cents on that additional $12,000 in spend. Compare that with many cards which get 2-3% value on all purchases. It gets more interesting if you have a lot of travel and dining purchases since those already earn 3%, and with the added $12,000 in spend you’ll land up with an effective earn rate of around 4.8% on the $12,000 in travel and dining purchases.
But where this offer really shines is for those who also have the Wells Fargo Visa Signature card which gets a value of 1.5 cents per point when redeemed for travel, or even 1.75 cents per point when redeemed for travel if you spend $50,000 per year on the Visa Signature card. The Propel points combine with the Visa Signature points and can get the same value. That would make both the 30k signup bonus and the 20k additional bonus offers much more interesting even for ordinary spend, and certainly for travel/dining spend.
Hat tip to reader CS
Looks like the offer has already expired
“We need to verify a few pieces of information before we can give you a credit decision”
Got this message . Should I call or wait ?
Does anyone know how the expiration date for the card is calculated from the application date? I was approved yesterday, and want to start using the card with Pay today. It shows up in my online account, but I need the month/year it expires. I tried +4 years from today +/- 3 months, but no go.
Follow up question on the WF Signature card – your post mentions you get 1.5-1.75 cents pp when redeeming on travel. WF’s website only mentions the 50% bonus when redeemed for “airfare”.
https://www.wellsfargo.com/credit-cards/visa-signature/
Does anyone know if the increased value also works for redemptions on hotels, rental cars, etc.?
I tried product changing my garbage Wells Fargo Visa Platinum Wells Fargo card into the Visa Signature (both low tier no fee cards) but was told by CSR that this isn’t possible. The Platinum is a 1% everywhere card and really awful, but it’s my oldest account by far and I want to keep it around for the credit boost. Would have been nice to get some utility out of that card to get the 50% redemption bonus on this or the Propel World offer. Bummer.
On a similar note- does anyone know if Wells Fargo is known to bundle credit pulls if you apply for multiple cards at once?
I don’t think you can be approved for more than one wells card at a time. They have a six month policy IIRC
WF doesn’t do product changes – they will close your hold account and open a new one (so you completely lose the AAoA benefit)
That’s incorrect. WF does allow product change even from Visa to their Amex. But you have to be eligible, criteria of eligibility is unknown. Basically the computer system has to allow it
Just get the $1.99 low balance cancelation. That’s what my old cash wise is doing.
I wonder if this killed the will-it-ever-die 40k bonus on the Propel World. I just called in today to apply to for the 40k World and the rep could not confirm any bonus on it.
Anyone see an expiration date? Won’t jump over 5/24 for another month or two.
Approved for this card last October – already hit my min spend for 30K points. Just e-mailed WF and they confirmed that I am indeed eligible for the 20K additional points on $15K spend. This card also has a 9 month 0% intro APR, so if you’ve got a high-interest option there’s the ability to earn some extra on the $15K spend as well.
Awesome data point thanks, I got the card in December, I’ll try to match as well.
Do report back!
Can you please report where did you email? I was not successful at matching new offer by calling GoFar Rewards Phone No. 1-877-517-1358.
Can I ms wf with gc or will Amex shut that down?
The question is whether WF will care not Amex — not sure the answer to that either.
I MSed the entire 3K through GCM for the SUB on the Propel World last year without any issues.
Imagine MS with Serve Reloads of Amex network cards… I wonder if you could do this to get some extra spend for the $15,000
You can directly reload Serve with an Amex Credit Card? How?
(or are you talking about buying regular Gebit’s, which are then loaded to Serve…?)
GEBITS TO MO.
Yes you can directly add money to Serve from Amex-network card, with a limit of $200/day, $1000/month
How does the Visa Signature card thing work? I am guessing you need to wait 15 months after getting that card to get this right?