Wells Fargo Propel American Express credit card review

Published: November 15, 2017
See Full Card Details
Ratings Policy
No Annual Fee Rating:
4 rating
4 rating
4 / 5
Rewards Value: 4.4
Annual Percentage Rate: 2.3
Rewards Flexibility: 4.1
Features: 3.0

In a nutshell:

One of the more flexible travel cards that come without an annual fee, the Wells Fargo Propel American Express card is an especially good deal for Wells Fargo customers thanks to its 10 percent relationship bonus on points.

Learn more about this card

Rewards Rate

  • 3:1 U.S. gas stations
  • 2:1 U.S. restaurants
  • 1:1 general purchases
  • 10% annual bonus on rewards points if you maintain qualifying Wells Fargo checking or savings account

Sign-up Bonus
20,000 when you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$319

APR
13.99-25.99% (variable)

Pros:

  • No blackout dates on travel
  • No limit to how many points you earn
  • Redeem points for travel, merchandise, gift cards and cash back
  • Can combine points + cash to purchase travel

Cons:

  • Can only redeem for travel through Go Far Rewards
  • Points expire after 5 years

Other Notable Features: No foreign transaction fees, retail protection, extended warranty, lost luggage reimbursement, car rental collision and liability insurance, roadside assistance, 24/7 travel and emergency assistance, emergency card services, cell phone protection, discounts on hotels, flights and cruises

Rewards Rating:
3.6 rating
3.6 rating
3.6 / 5
Rewards Value: 3.3
Annual Percentage Rate: 2.9
Rewards Flexibility: 4.1
Features: 3.0

In a nutshell:

With flexible redemption and bonus rewards on gas station and restaurant purchases, this card is a good option for both casual card users and frequent travelers not beholden to specific airlines or hotels.

Learn more about this card

Rewards Rate

  • 3:1 U.S. gas stations
  • 2:1 U.S. restaurants
  • 1:1 general purchases
  • 10% annual bonus on rewards points if you maintain qualifying Wells Fargo checking or savings account

Sign-up Bonus
20,000 when you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$319

APR
13.99-25.99% (variable)

Pros:

  • No blackout dates on travel
  • No limit to how many points you earn
  • Redeem points for travel, merchandise, gift cards and cash back
  • Can combine points + cash to purchase travel

Cons:

  • Can only redeem for travel through Go Far Rewards
  • Points expire after 5 years

Other Notable Features: No foreign transaction fees, retail protection, extended warranty, lost luggage reimbursement, car rental collision and liability insurance, roadside assistance, 24/7 travel and emergency assistance, emergency card services, cell phone protection, discounts on hotels, flights and cruises

Travel Rating:
3.4 rating
3.4 rating
3.4 / 5
Rewards Value: 3.0
Annual Percentage Rate: 3.2
Rewards Flexibility: 4.1
Features: 3.0

In a nutshell:

This flexible travel card is a good deal for cardholders who don’t want to have to deal with a complicated rewards program — especially Wells Fargo customers, who receive a bonus on all the points that they earn.

Learn more about this card

Rewards Rate

  • 3:1 U.S. gas stations
  • 2:1 U.S. restaurants
  • 1:1 general purchases
  • 10% annual bonus on rewards points if you maintain qualifying Wells Fargo checking or savings account

Sign-up Bonus
20,000 when you spend $1,000 in first 3 months

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$319

APR
13.99-25.99% (variable)

Pros:

  • No blackout dates on travel
  • No limit to how many points you earn
  • Redeem points for travel, merchandise, gift cards and cash back
  • Can combine points + cash to purchase travel

Cons:

  • Can only redeem for travel through Go Far Rewards
  • Points expire after 5 years

Other Notable Features: No foreign transaction fees, retail protection, extended warranty, lost luggage reimbursement, car rental collision and liability insurance, roadside assistance, 24/7 travel and emergency assistance, emergency card services, cell phone protection, discounts on hotels, flights and cruises

The Wells Fargo Propel American Express is an easy-to-use card with a lot going for it: no annual fee, bonus points in certain spending categories, a wide variety of redemption choices and a 12-month, 0-percent introductory APR on purchases and balance transfers.

Throw in no limit to the points you can earn and a long five years before they expire, and it’s an especially appealing option for cardholders who are new to the world of credit card rewards.

Bonus points on gas and restaurant spending

A meager one point per dollar spent on general purchases might be unexciting, but the Wells Fargo Propel American Express credit card more than makes up for it by bestowing cardholders with three points per dollar at gas stations and two points per dollar on restaurant purchases. With no cap to the number of points you can earn, it’s a great deal for road warriors, business travelers and foodies alike.

Even better? Thanks to the card’s annual Relationship Bonus, it’s easy to accelerate your points balance with minimal added effort on your part. Here’s how it works: When you maintain a Wells Fargo checking or savings account, you’ll score a 10-percent annual bonus on any non-bonus rewards points you earn throughout the year. Relationship Bonus points are posted to your rewards account the 13th month after the date you opened your account and annually thereafter.

Note: If you don’t already have a qualifying account, make sure you review the details on the Wells Fargo website before opening one. Some accounts charge $10 monthly service fees unless you meet certain conditions.

12-month introductory APR

The Wells Fargo Propel American Express card is noteworthy for offering both a rewards program and an attractive introductory APR on purchases and balance transfers. The 0-percent rate lasts for 12 months, so if you’re looking for a card to consolidate debt from other, high-interest credit cards, make a high-priced purchase you can’t afford to buy outright or stay afloat during a tough financial time, the card might be perfect for you. Keep in mind you’ll have to pay an introductory balance transfer fee of 3 percent or $5, whichever is higher. Also, after the 12-month introductory period expires, that 3 transfer percent fee increases to an exorbitant 5 percent.

While the interest-free promotional period is relatively short, it’s a nice added feature to the card’s overall strong rewards.

Decent sign-up bonus

Cardholders who spend $1,000 in the first three months of account opening will collect 20,000 bonus points.

Though not quite as enticing as the sign-up offers from, say, the Barclaycard Arrival Plus World Elite Mastercard or Capital One Venture Rewards credit card, it’s worth noting those cards have annual fees that kick in after the first year. Further, their redemption options are limited to travel, whereas you can redeem your Wells Fargo Propel points for merchandise, gift cards or cash back if you’re more of a staycationer.

Flexible redemption options

Though many travel cards come with airline and/or hotel restrictions, points earned with the Wells Fargo Propel American Express card are redeemable with any airline and with no blackout dates. Plus, cardholders can use a combination of points and their own funds to purchase flights. (However, you can only book travel through Wells Fargo’s Go Far Rewards program.)

Points can be redeemed across several other categories, too, including hotel stays, car rentals, cruises, merchandise, gift cards, cash back and more. Further, you can pool your own rewards with other Go Far Rewards customers and save them for joint trips or other purposes. Points value varies by category, so explore your options first to make sure you get the biggest bang for your buck. 

Sweet perks, including no foreign transaction fees

The Wells Fargo Propel American Express card comes with an array of special benefits, including retail protection, extended warranty, lost luggage reimbursement, car rental collision and liability insurance, roadside assistance, 24/7 travel and emergency assistance, emergency card services, cell phone protection and discounts on hotels, flights and cruises.

Most notable is its lack of a foreign transaction fee, a feature usually reserved for credit cards with high annual fees.

Why get the Wells Fargo Propel American Express card?

  • You can spend $1,000 within the first three months to qualify for the 20,000-point sign-up bonus.
  • You put a lot of miles on your car and stand to earn considerable rewards with the card’s 3-percent cash-back rate on gas purchases.
  • You eat out frequently and want to cash in on the card’s dining rewards.
  • You want to earn travel rewards without being tied to a particular airline or hotel chain.
  • You have high-interest credit card debt and want to save money by transferring the balance.
  • You prefer to have a variety of redemption options. 

How to use the Wells Fargo Propel American Express card:

  • Spend at least $1,000 within the first three months to pick up an easy 20,000 points.
  • Maintain a qualifying Wells Fargo checking or savings account to earn a 10-percent annual points bonus.
  • Use the card for all gas station and restaurant purchases to maximize your rewards.
  • Transfer any high-interest credit card debt to the card and pay it off in 12 months at a 0-percent introductory APR.
  • Use the card when traveling overseas to take advantage of no foreign transaction fees.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

See Full Card Details