Wells Fargo Propel Amex card Review: A Standout Rewards and Travel Champ
Review
Updated
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It's not often you find a credit card that provides a buffet of lucrative perks, but the Wells Fargo Propel American Express® card does just that. This single card includes a welcome offer, robust rewards program, and intro APR -- with no annual fee to boot. If you've been looking for a new credit card that won't add to your yearly expenses, take a look at the perks and the very few gripes in this Wells Fargo Propel American Express® card review.
Great for: Rewards and welcome offer
Good/Excellent (670-850)
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months on qualifying balance transfers
Regular APR
14.49% - 24.99% (Variable)
Rewards 3X points for eating out and ordering in, gas stations, rideshares, transit, flights, hotels, and more, 1x points on other purchases
1X - 3X points
Annual Fee
$0
Welcome Offer 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value
20,000 points
This no-annual-fee rewards card enables you to earn 3X points for dining out, travel, gas stations, and more, plus a big welcome bonus. The addition of a 0% Intro APR offer makes it even more surprising that there's no annual fee.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 27.24% Variable APR |
|
|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 19.24%, 24.24%, or 29.24% Variable APR |
|
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5-3 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 18.24% - 28.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This credit card is a good fit for: Rewards enthusiasts who want a no annual fee card that truly does it all with diverse bonus categories, a great welcome offer, and a 0% intro APR.
The Wells Fargo Propel American Express® card has a higher welcome offer than most no annual fee cards, and you'll get the bonus after spending $1,000 in the first three months. Wells Fargo points are worth $0.01 per point, giving this bonus a value of $200.
This is an excellent rewards rate, and you'll get it for a diverse mix of different expense categories. Streaming services, in particular, is a category where not many other cards earn bonus rewards. This card earns 3 points per $1 on:
You'll earn 1 point per $1 on all other purchases.
The card won't add to your out-of-pocket costs, because there's no annual fee.
This 0% intro APR applies for the first 12 months. This makes the Wells Fargo Propel American Express® card useful if you're paying off a big expense in installments or want to transfer balances to save on credit card debt.
Most no annual fee cards will have a foreign transaction fee of 3%, but this is a no foreign transaction fee credit card, making it perfect for travelers.
Wells Fargo will provide phone protection up to a maximum of $600 per claim and $1,200 per 12-month period with a deductible of $25. You'll need to pay your cellphone bill using your Wells Fargo Propel American Express® card for the coverage to apply. This excellent perk is rare among credit cards, especially with such a low deductible.
You'll get the following protections when you use this card to make purchases:
LEARN MORE: Best American Express Credit Cards
For most cash back redemptions, you must redeem rewards in increments of 2,500 points for $25. There is a smaller increment of 2,000 points ($20) for redemptions made through a Wells Fargo ATM if you have a Wells Fargo debit card.
Wells Fargo doesn't have any travel partners where you can transfer your points for award bookings, which means there's no way you'll be able to score a higher-value redemption. We'd suggest reviewing other travel credit cards for applicants wanting to stretch the value of their points.
Read more: Best 0% APR Credit Cards
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
The Wells Fargo Propel American Express® card is intended for people with good to excellent credit, or generally a 670-plus FICO® Score. Approval isn't guaranteed with any credit score since many factors are assessed during the underwriting process. While applicants with good credit will have a better chance of approval, it's not guaranteed with a higher credit score or impossible with a lower credit score.
You'll also have to comply with the Wells Fargo application rules in order to qualify for this credit card.
Read more: Best Credit Cards for Excellent Credit
The Wells Fargo Propel American Express® card is so packed with perks that it can satisfy almost anyone's needs. It's sure to fit you well if you want a rewards credit card that:
Want the biggest welcome offer? Check out Motley Fool Money's guide to the best sign-up bonus credit cards.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
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