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Wells Fargo and AmEx launch new Propel card

Summary

Along with a 30,000-point bonus, the enhanced Wells Fargo Propel AmEx card offers 3 points per dollar on dining, travel, transit and popular streaming services and 1 point per dollar on all other purchases.

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Wells Fargo and American Express have launched an enhanced Propel card. The updated card – which comes in the form of encapsulated metal – offers a 3-point bonus on dining, travel, transit and select streaming services and 1 point per dollar on all other purchases. Additionally, new cardholders can earn a 30,000-point sign-up bonus when they spend $3,000 in the first three months.

See the card changes at a glance:

Previous offerUpdated offer
Rewards rate
  • 3 points per dollar at U.S. gas stations
  • 2 points per dollar at restaurants
  • 1 point per dollar on general purchases
  • 3 points per dollar on dining and drinking
  • 3 points per dollar on travel and transit, including gas station purchases
  • 3 points per dollar on popular streaming services
  • 1 point per dollar on general purchases
Sign-up bonus20,000 points when you spend $1,000 in the first 3 months30,000 points when you spend $3,000 in the first 3 months

The updated card is available to new applicants starting July 16, 2018. If you are an existing cardholder, you will automatically be upgraded to the new card.

Bonus on unique, everyday spending categories

While many cards offer rewards bonuses on travel and dining, it is rare to find a card that also offers a bonus on everyday spending categories such as music streaming services, ride-hailing and tolls. Bev Anderson, head of Wells Fargo cards and retail services, explains that the updated Propel card is designed to complement the lifestyles of consumers, “whether they are commuting to work or planning a summer vacation; whether they’re downloading their favorite TV series to binge watch or having dinner out with friends.

What purchases qualify for the bonus rate?

Dining category – Cardholders earn 3 percent cash back when they eat out or order in at restaurants, including fast food, fine dining, bistros and more. Drinking places are also included in this category.

Bakeries, grocery stores and other miscellaneous places that serve food on their premises are excluded from earning the bonus.

Travel and transit category – The travel category includes airline, car rentals, passenger trains, hotels and homestays, travel agencies, campgrounds and cruises. The transit category includes gas stations, ridesharing, parking, taxis and tolls.

Gas purchases made at warehouse clubs, grocery stores and superstores may be excluded from this category.

Popular streaming services category – You will earn the 3 percent bonus when you use your Propel card to pay for the following eligible streaming services: Apple Music, Hulu, Netflix, Pandora, Sirius XM Radio and Spotify Premium.

When can you apply?

If you currently have a Wells Fargo Propel card, you will automatically be upgraded to the new card (sans the 30,000-point bonus). New customers can apply starting July 16, 2018.

See related: AmEx’s new Cash Magnet card offers a $150 bonus and 1.5 percent back on every purchase, Wells Fargo boosts the sign-up bonus for the Cash Wise Visa to $200

What’s up next?

In Products

AmEx’s Cash Magnet™; card offers a $150 bonus and 1.5 percent back on every purchase

The Cash Magnet card from American Express is a flat-rate cash back card that lets cardholders earn $150 back.

Published: June 14, 2018

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