Wells Fargo Propel American Express Card
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Wells Fargo dramatically revamped the Propel American Express Card and released a rewards card that can stand up next to some of the biggest competitors in this category. You will earn 3X rewards points on dining, travel, and gas purchases. Additionally, new cardholders have the opportunity to earn 30K bonus points when you spend $3,000 in purchase in the first 3 months. Competitors may offer better sign up bonuses or more valuable points, but the Wells Fargo Propel American Express Card has no annual fee, making it one of the best deals on the market today.
Here is how the rewards break down:
- Earn 3X points for eating out and ordering in
- Earn 3X points at gas stations, as well as for rideshares and transit
- Earn 3X points for travel, which includes flights, hotels, homestays and car rentals.
- Earn 1X points on other purchases
Who should get this card
If you are looking for a straightforward rewards card that you can use on eating out, travel, and gas station purchases, this is the card for you. Unlike some luxury rewards credit cards, the Propel American Express Card does not include high-end perks. However, you won’t pay an annual fee and the bonus categories on this card are incredibly flexible. If you have good credit and are looking to add a new card to your wallet, you will definitely want to consider the Wells Fargo Propel American Express Card.
Fees and APR
- This card charges no annual fee.
- This card comes with a 0% APR introductory offer for 12 months on purchases and balance transfers, after which the regular APR of 14.74%-27.24% variable will apply. Balance transfer fees apply.
- This card charges no foreign transaction fee.
Extras, perks and using points
This card comes with multiple benefits ranging from retail protection to travel accident insurance. You will get up to $150,000 in insurance in case of accidental death or dismemberment on a trip purchased with the Propel card, free roadside assistance from American Express, and up to $50,000 in rental car insurance to repair or replace a vehicle rented with the Wells Fargo Propel card. Additionally, you will receive up to $1,000 in coverage per trip for lost luggage and an extended warranty that doubles the manufacturer’s warranty for up to 12 months on many of the items that you purchase with the Propel card.
Points can be redeemed through the Wells Fargo Go Far Rewards program.
How this card compares
When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.
The card earns an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases. Big spenders may find this nets more cash-back overall as there’s no ceiling on what you can earn back.
If you’re up for the challenge of tracking bonus rewards categories, Chase Freedom can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.
If you don’t want to do the work, get a card that offers a flat cash-back rate better than what you’ll find here.
If you’re someone who finds the challenge of bonus category worth the effort, you might be better off with a card like the Chase Freedom, which has quarterly rotating 5% bonus categories up to $1,500 in combined purchases and pays an unlimited 1% back on all other purchases.
Discover it® Cash Back cardholders can earn 5% cash back on up to $1,500 in purchases made in accordance with Discover’s 2018 Cashback Calendar after enrollment. Enroll every quarter to earn 5% cash back on up to $1,500 in purchases made in various categories throughout the year.
You won’t earn one of those huge sign-up bonuses other cards offer, but if you’re looking for a no-frills cash-back card, the Discover it® Cash Back does come with one intriguing feature: Discover will pay a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year.
In spring 2017, Bank of America modestly boosted the sign-up bonus value on its Bank of America Cash Rewards Credit Card (formerly known as BankAmericard Cash Rewards), but that was enough reason to move this card from a “no thanks,” to a “maybe.”
You’ll earn $150 in online cash rewards after you make just $500 in purchases during the first 90 days of account opening. That spending requirement is fairly low – even for a rewards card that carries no annual fee.