Posted by William Charles on January 12, 2016
Credit Cards

Published on January 12th, 2016 | by William Charles

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Wells Fargo Propel American Express Card Review (New Card)

Wells Fargo have just launched a new credit card: Wells Fargo Propel American Express. Let’s take a look at this card to see if it’s worth signing up for.

  • No annual fee
  • No sign up bonus
  • Card earns at the following rates:
    • 3X points at U.S. gas stations
    • 2X points at U.S. restaurants
    • 1X points on all other purchases
  • 10% bonus points when maintain a qualifying consumer Wells Fargo Checking or Savings Account, or PMA® Package

wells fargo propel review

Wells Fargo launched this new product because their three existing products (Well Fargo Propel World, Wells Fargo Propel 365 & Wells Fargo Business Elite) have annual fees and customers were interested in the features of the card but wanted it without an annual fee. Personally I don’t see any value in signing up for this card, it’s possible to get 5x on gas purchases and 3x on restaurant purchases. Even with the 10% bonus this card is simply not competitive.

Fingers crossed Wells Fargo decides to add a sign up bonus on this card to make it more attractive. If you’re thinking about applying for this card then remember that Wells Fargo usually wants you to have a banking relationship with them before approving you. Click here to see if they have any current checking bonuses.



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Josh M
Josh M

So I guess the only difference between this is and the Propel 365 is the slight tradeoff, no fee vs no bonus. This could be useful for someone to downgrade to after getting the bonus on one of the other annual fee Propel Cards.

Do you think this means the Propel 365 will be phased out?

Joe
Joe

Propel 365 remove the annual fee now.
I got the email notice a few days ago.

al613
al613

WF points can be 1.75 cpm, so 3.3 x 1.75 without limit and a threat of a financial review? Seems a good deal, esp. that 7/11 is a gas station.

Glenn
Glenn

Forget Wells Fargo. They take simply FOREVER to post the points you earn (like MONTHS), and the whole tracking thing is impossible to figure out they give you so little information.

Charly Chang
Charly Chang

Got declined by WF for a recent application for both the propel 365 and the 5% rewards card. I had very clean credit history with fairly high score. Did a mini-app-o-rama on that day and WF was the only bank that declined me…. and the only bank that declined me for at least the past two years … and the only bank who declined my checking account application earlier …

They are undoubtedly the meanest bank.

al613
al613

5x card will only be approved if you have no cc with wf for a while. So, applying for another card at the same time as 5x is not a good idea. The best way to get approved is to have a checking account with them for several month. Longer your history and hogher your balance, more chances you will get the cc and higher your cl is going to be.

Mike
Mike

hi you mention you coudl get 3% cashback for restaurants which card(s) allow us the get 3%

thank you

Irene
Irene

I completed the minimum spending on Wells Fargo Propel card in November 2015 and I am now told that bonus points will post after February 13, 2016

Eric
Eric

Just wanted to add some insight. I opened a Wells Fargo savings and checking account today and before I made my opening deposits I had the banker put the app in for American Express Propel with no annual fee. I didn’t have a banking relationship with them until today. I was instantly approved with 8k line.fyi FICO at 762

Gene
Gene

is it possible to receive the $100 airline incidental credit for in-flight duty-free purchases?

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