Wells Fargo Propel American Express Card 20,000 Bonus Points *Being Discontinued*

If you are looking for a card with no annual or foreign transaction fees, low interest rates and steady balance transfers, then the Wells Fargo Propel American Express Card is something to definitely check out! The bonus on this card is 20K bonus points after you spend $1,000 in the first 3 months of account opening.

On top of this bonus, you’ll earn 3X points for eating out and ordering in, 3X points for gas stations, rideshares and transit, 3X points for travel including flights, hotels, home stays and car rentals, and 1X points for other purchases! And as I have stated before, there is absolutely NO ANNUAL FEE!

If you are interested about what more this card has to offer, then continue reading to learn about these benefits.

Editor’s Note: Wells Fargo has informed Propel cardholders that they will be transitioned to the Wells Fargo Autograph card on 05/24/2023 and the existing card will be deactivated on 08/04/2023.

Check out Wells Fargo for great Checking/Savings bonuses too!

Wells Fargo Propel American Express Card Summary

Wells Fargo Propel American Express

After hitting the $1,000 threshold in the first 3 months of opening your account, you can earn 20,000 bonus points. There are many ways to go about this. Down below are several options to acquiring these points.

Earning Points

The Wells Fargo Propel American Express Card earns unlimited 3 points per $1 spent on purchases at various places such as gas stations, transit and driving service providers, car rentals, restaurant and food delivery services, hotels and home stays and even digital streaming services.

All other eligible purchases earn unlimited 1 point per $1 spent.

For the 3X category, point earnings are unlimited. Point earnings are also divided into base points and bonus points–1 base point and 2 bonus points. All points earned in the 1x category are base points.

Reedeming Points

Wells Fargo customers can redeem points through the phone or through the online portal for rewards such as cash, gift cards, travel expenses, and other purchases.

If you have a Wells Fargo debit or ATM card, you can redeem for cash at any nearby Wells Fargo ATM. Points are worth $0.01 apiece at redemption, but this can vary depending on purchases.

There is a minimum 2,500 points redemption threshold for cash and gift cards, and 2,000 points at ATMs.

Wells Fargo Propel American Express Cardholder Benefits

There are several benefits that the Wells Fargo Propel American Express card comes with. These include: complimentary loss and damage coverage on rental cars, extended warranties on items, reimbursement for lost and damage luggage and cellphone protection. Read more below for other benefits.

Introductory APR: The Wells Fargo Propel American Express card has a 12-month 0% APR promotion on purchases and balance transfers. After that your variable APR will be 14.49%-24.99%.

Annual Relationship Bonus: If your account is in good standing, still open and you have a Wells Fargo deposit account, then you will receive a 10% bonus on base points earned within a year.

Overdraft Protection: This card includes an overdraft protection which means you can connect your credit card to your Wells Fargo checking account to ensure protection against checking overdraft.

If you do come across an overdraft, Wells Fargo will replace the negative balance with a cash advance on your Propel card.

For transfers, each one has a $12.50 fee if the total amount is less than $50, and $20 if the total amount exceeds $50. Other cash advance interest rates depend on your credit card score, but overall applies to overdraft protection as a whole.

No Annual or Foreign Transaction Fees: There are no annual or foreign transaction fee, so you can make purchases abroad and not worry about any extra charge being applied to your credit card statement.

Travel Discounts Up To:

• 25% off at 18,000 selected hotels worldwide
• 20% off car rentals at select rental companies
• specific fares on cruises at select companies

Author’s Verdict

This Wells Fargo Propel American Express Card is definitely worth signing up for as you’ll receive awesome benefits such as the bonus points, no foreign transaction fees, up to 3X cash back, an annual bonus and more!

Wells Fargo does not always offer rewards cards, so with this is card, it can be seen as quite interesting and appealing —  especially for those who are already loyal Wells Fargo cardholders.

For those who spend a lot on driving and dining, you’ll be able to maximize your amount of points by earning 3X points each time. You can earn 3X points at gas stations, on rideshares and transit, for travel including flights, hotels, home stays and car rentals, and 1X points for all other purchases.

Overall, this card is most beneficial if you’re already a Wells Fargo customer and your spending aligns with the bonus offer.

Please provide feedback in the comment section below by telling us your thoughts and experience with this card. Also if you are looking for more credit card options, make sure to visit BankDealGuy for more credit card bonuses.

Alternative Credit Cards Options

If you aren’t particularly a Wells Fargo customer, then here are some alternative credit card options that are similar to it. These include the Capital One Savor Cash Rewards Credit Card, Chase Sapphire Preferred Card, and Marriott Bonvoy BusinessTM American Express® Card.

The Chase Sapphire Preferred® Card offers 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. Learn More About This Card

The Marriott Bonvoy Business® American Express® Card offers 3 Free Night Awards after you use your new Card to make $6,000 in eligible purchases within the first 6 months of Card Membership. Receive a 7% discount on eligible bookings as a benefit of being both a Marriott Bonvoy member & a Marriott Bonvoy Business American Express Card Member when you book directly with Marriott through an eligible channel for a participating property under the Amex Business Card Rate. You can enjoy a complimentary Marriott Bonvoy Gold Elite Status with your Marriott Bonvoy Business® American Express® Card. You'll earn: • 6x Marriott Bonvoy Points on each dollar of eligible purchases at hotels participating in the Marriott Bonvoy program. • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. • 2x points on all other eligible purchases. You'll receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy. Certain hotels have resort fees. This card does carry a $125 annual fee. (See Rates & Fees) Terms Apply. Learn More About This Card