Posted by Chuck on March 18, 2019
Credit Cards

Published on March 18th, 2019 | by Chuck

34

Wells Fargo Propel 50,000 Points Signup Bonus with $15,000 Spend

The Offer

Direct Link to 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



34
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Will
Will

Do Well Fargo match offers? I just applied for this last week and was approved.

FreeIsGood
FreeIsGood

Same boat. I’ll try to get a match and report back when I get a chance.

James B.

In the past Wells Fargo would not match offers, but that can change. Try and report back here.

Sammy
Sammy

I tried matching with Wells Fargo on the additional 20k points after 15k spend for this Propel offer but was denied.

Andy
Andy

Same here. Very friendly rep tried to swap the offers out but couldn’t do it.

Jeff
Jeff

Just called in attempt to get matched for additional 20k points. Got the card in Sept ’18. I was transferred back and forth no less than 3x between the CC and Rewards departments, annoying as hell, until agent from Rewards department said I’m not eligible. Was worth a shot anyways.

Javier Villa
Javier Villa

No Go by calling GoFar Rewards Phone No. 1-877-517-1358.

Bob Roberts
Bob Roberts

As a relatively new churner I’m confused between this and the Propel World. Are they different cards? I think they are but I don’t see much on differences.

FreeIsGood
FreeIsGood

No annual fee for propel regular.

It also earned 3x for travel and dining which is better than the world I believe.

3x -> 4.5% towards airfare if you also have a WF signature card.

Not bad for a no annual fee card.

Bob Roberts
Bob Roberts

Awesome thanks for info, appreciate it!

Mike
Mike

The World includes $100/year travel reimbursement (works with MPX) and some various insurance coverages. The AF is $175, waived first year. The $100 travel reimbursement is per cardmember year, but can double dip it before closing or product changing to avoid the AF.

cowsareverywhere
cowsareverywhere

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?

Nana
Nana

Can I ms wf with gc or will Amex shut that down?

Bob Roberts
Bob Roberts

The question is whether WF will care not Amex — not sure the answer to that either.

Mike
Mike

I MSed the entire 3K through GCM for the SUB on the Propel World last year without any issues.

Midnight
Midnight

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

Jay
Jay

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…?)

NANA
NANA

GEBITS TO MO.

Ben
Ben

Yes you can directly add money to Serve from Amex-network card, with a limit of $200/day, $1000/month

Andy
Andy

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.

Parts Unknown
Parts Unknown

Awesome data point thanks, I got the card in December, I’ll try to match as well.

Jeff
Jeff

Do report back!

Javier Villa
Javier Villa

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.

Bob Roberts
Bob Roberts

Anyone see an expiration date? Won’t jump over 5/24 for another month or two.

ilikelogic
ilikelogic

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.

YK3
YK3

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.

YK3
YK3

On a similar note- does anyone know if Wells Fargo is known to bundle credit pulls if you apply for multiple cards at once?

Kevin
Kevin

I don’t think you can be approved for more than one wells card at a time. They have a six month policy IIRC

Andy
Andy

WF doesn’t do product changes – they will close your hold account and open a new one (so you completely lose the AAoA benefit)

Ben
Ben

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

Andrew D
Andrew D

Just get the $1.99 low balance cancelation. That’s what my old cash wise is doing.

Andy
Andy

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.?

Miguel Cervantes
Miguel Cervantes

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.

DocM
DocM

“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 ?

Back to Top ↑