Wells Fargo Propel American Express® card
Fees & APRs
Fees and APRs will vary, always be sure to check with the card issuer.
Dive into the geeky details and see how you reap the benefits.
- Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value
- Earn 3X points on eating out and ordering in
- Earn 3X points on popular streaming services
- Earn 3X points on gas stations, rideshares and transit
- Earn 3X points on travel including flights, hotels, homestays and car rentals
- Earn 1X points on other purchases
- Select "Apply Now" to learn more about the product features, terms and conditions
Read through our extensive research on the Wells Fargo Propel American Express® card and see if its the best credit card for you.
If you have good or excellent credit and spend a lot in the Propel card’s bonus categories, you should definitely consider applying. If you need more information, you can find it below.
Wells Fargo Propel Review Highlights
Great Initial BonusSpending at least $1,000 within 3 months of opening your account will trigger a bonus of 20,000 points, which can be redeemed for $200. The average bonus in points or miles is 24,860.
0% intro rates with a couple flawsThe Wells Fargo Propel American Express card offers 0% intro rates on purchases and qualifying balance transfers for the first 12 months your account is open. That deal could certainly help you save some money, seeing as the average 0% periods last for about 10.5 months (purchases) and 12.21 months (transfers). But it’s not a perfect offer by any means.
For one thing, the Wells Fargo Propel card charges a 3% intro transfer fee for the first 120 days (5% thereafter), which could end up proving quite costly. Plus, if you don’t repay your entire balance by the 12-month mark, any remaining amount will be subject to an above-average regular APR (14.49% to 24.99% Variable).
Above-average regular APRThe Wells Fargo Propel card has the potential to be about average for your credit standing but is more likely to be a lot higher. In fact, it could be nearly twice the 13.04% APR that credit cards for people with excellent credit charge, on average, according to WalletHub’s latest Credit Card Landscape Report. So this probably isn’t the card to propel you to savings if you don’t plan to pay your bill in full every month.
3X points in lots of bonus categoriesWells Fargo Propel rewards you with 3 points per $1 spent in a laundry list of purchase categories: airlines, gas stations, homestays, hotels, streaming services, public transit, rideshares, rental cars, restaurants, and other travel purchases. All other purchases get you 1 point per $1 spent.
Considering that Propel points are worth about a penny apiece, you’ll be earning roughly 1% to 3% cash back. For context, the market averages among rewards cards are 1.18 points/miles per $1 spent and 1.08% cash back.
No annual feeWhether you plan to use the Wells Fargo Propel card for financing or rewards-earning, its lack of an annual fee will help you save just the same. In fact, you’ll save $18.3 per year compared to the average credit card.
Good credit requiredYou need good or excellent credit to get approved for the Wells Fargo Propel American Express credit card. You can check your credit score for free on WalletHub if you aren’t sure where you stand.
Spend some time reviewing the last details on the Wells Fargo Propel American Express® card.
- Max Late Fee Refer to Rates & Fees
- Max Overlimitfee Refer to Rates & Fees
- Max Penalty Apr None
- Grace Period Refer to Rates & Fees
- Online Response Yes
- Cash Advanceapr Refer to Rates & Fees
- Cash Advancefee Refer to Rates & Fees
- Foreigntransaction Fee 0%
- Smart Chip Yes, chip-and-PIN
- $0 annual fee and no foreign currency conversion fee