Wells Fargo and AmEx launch new Propel card
Upgraded card offers a 30,000-point bonus and up to 3x points
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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 offer||Updated offer|
|Sign-up bonus||20,000 points when you spend $1,000 in the first 3 months||30,000 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.
Wells Fargo Propel card details
|Wells Fargo Propel American Express® card|
Why use it?
Consumers who want the opportunity to earn a bonus on everyday spending, including daily commutes, ordering out and Netflix, can benefit from the updated Propel card. Additionally, cardholders can earn a generous 30,000-point bonus without paying an annual fee.
|Estimated Yearly Rewards Value ($15,900 spend)
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.
The information related to the Wells Fargo Propel American Express card has been collected by CreditCards.com and has not been reviewd or provided by the issuer or provider of this product or service.
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