R/churning member justininsidebeiber got a picture (shown below) of an internal memo from Wells Fargo indicating that the no-fee Propel credit card will be revamped to earn 3x points on travel and dining.
The memo is regarding the no-annual-fee Wells Fargo Propel card (not the Propel World) which currently earns 3x gas, 2x restaurants, and 1x elsewhere. It also has a 10% relationship bonus which comes at year’s end.
According to the memo, Wells Fargo will be revamped to earn 3x on travel and dining, with 1x everywhere else.
The memo also stipulates that the 10% relationship bonus will be discontinued after May 31. Based on that date, I’d guess the new redesigned card will become available for signups in June or July.
The 3x travel/dining is similar to the Chase Sapphire Reserve, but without the option for outsized travel redemptions. Still could be a decent no-fee card for the 3% travel/dining categories.
Also remember that the Wells Fargo Propel World card which has a $175 annual fee and a 40,000 points signup bonus still seems to be available over the phone, but will be discontinued after March 31.
[Post has been updated]
