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Earn 20,000 bonus points with Wells Fargo Propel American Express® card

Summary

See how the Wells Fargo Propel American Express earns you one of the highest sign-up bonuses for a card with no annual fee.

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The Wells Fargo Propel American Express® card has updated its sign-up bonus. Now, new cardholders will receive 20,000 bonus points when they spend $1,000 in the first three months of card membership. The introductory offer combined with 3 points per dollar on dining, gas station, ride shares, transit, select streaming services and travel purchases, including hotels and flights, make the Wells Fargo Propel card a great option for rewards-seekers.

What is the Wells Fargo Propel American Express card worth in the first year?

In addition to the 20,000 point sign-up bonus – worth around $200 – the Wells Fargo Propel card offers bonus categories including dining, travel, gas stations and more. If you spend most of your money in these places, you can get significant value out of your rewards in the first year.

Wells Fargo Propel American Express® card
Wells Fargo Propel American ExpressRewards rate

  • 3 points per dollar on dining, gas stations, rideshares,transit, travel and select streaming services
  • 1 point per dollar on other purchases
Sign-up bonus

20,000 points if you spend $1,000 in first 3 months


Why use it? 
The Wells Fargo Propel card offers some of the best rewards you can get out of a no-annual fee card.
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Annual Fee

$0

Estimated earnings in first year ($1,325 monthly spend)
$483

Unlike many rewards cards with bonus categories, the Wells Fargo Propel doesn’t place a spending cap on the purchases that earn you more points. That means you can weigh your spending more heavily toward these charges to get even more rewards.

Recent changes to the Wells Fargo Propel card

Throughout its history, the bonus on the Wells Fargo Propel card has shifted between 20,000 points and up to 50,000 points. While the current bonus is on the low side of the range, there have been limited opportunities for a higher bonus in the past.

Wells Fargo Propel American Express Card Recent Changes

Jan. 8, 202020,000 points if you spend $1,000 in first 3 months
April 19, 201930,000 points if you spend $3,000 in first 3 months
March 18, 2019Up to 50,000 points:

  • 30,000 points if you spend $3,000 in first 3 months
  • An additional 20,000 points if you spend an extra $15,000 in first year
Jul. 16, 201830,000 points if you spend $3,000 in first 3 months
Previous20,000 points if you spend $1,000 in first 3 months

Who is eligible to earn the Wells Fargo Propel sign-up bonus?

Wells Fargo is pretty strict about who can earn its introductory bonus. If you’ve opened another Wells Fargo card in the last 15 months and received its sign-up bonus, you might not be eligible for this offer, even if that account is closed.

You’ll also have to meet the card’s initial application qualifications. The Wells Fargo Propel card requires that applicants have good to excellent credit (above 670). The bank also limits the number of cards you can open, so you might not be approved if you’ve opened a different Wells Fargo credit card in the last six months.

Redemption options for the Wells Fargo Propel card

Once you’ve earned your bonus points, you have a few different redemption options. If you want to use your points to book travel (at a value of 1 cent per point), you’ll need to book your trip through the Go Far Rewards center.

The best way to get travel value out of your Wells Fargo Propel points is to pair the card with the Wells Fargo Visa Signature Card. With the Visa Signature, you get a 50 percent boost when you redeem your points for travel through Go Far Rewards. Since Wells Fargo allows you to transfer your rewards points between cards, you can increase your value to 1.5 cents per point.

The Wells Fargo Propel card also has a few cash redemption options. You can apply your points as a statement credit, to your Wells Fargo checking or savings account or as a paper check. When you choose this option, you are limited to $25/2,500 point increments. If you have a Wells Fargo debit or ATM card, you can also redeem your points for cash from a Wells Fargo ATM, but only in $20/2,000 point increments.

If you are hoping to get a bit more value out of your rewards points, the Go Far Rewards center often offers limited time deals on merchandise or gift cards. Right now for example, you can get 10 percent off of all gift card purchases.

Should you apply for the Wells Fargo Propel card now?

The 20,000 bonus point introductory offer after spending $1,000 in the first three months is not the highest in the card’s history. However, it is still worth around $200 – a valuable offer on a card with no fee. While you can always wait and hope for another limited-time bonus, now is still a good time to sign up for the card.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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