Wells Fargo Propel AmEx: New Applications Suspended; Another precious card
But for existing cardholders, the card still offers a compelling value proposition: tripling points in a variety of popular categories – including restaurants and travel – all for one. $ 0 annual subscription. There aren’t many cards in its class that can compete with it, and indeed the Propel has won three back-to-back NerdWallet Best-Of awards, like “Best travel credit card with no annual fee. “
Unlike more expensive cards, however, the Propel does not offer fancy perks such as travel credits, airport lounge access, travel transfer partners, or reimbursement of. Global Entry or TSA Precheck. But it does come with a few extras like cell phone protection and additional rental car insurance. That’s a ton of value for a card that costs nothing to carry.
If you already have the Wells Fargo Propel American Express® Card, here is what he offers you.
Main characteristics of the Wells Fargo Propel American Express® Card
Awards: Earn 3 points for every $ 1 spent in the following categories:
Eat Drink. This category includes restaurants, take-out and bars.
Roll and drive. This category includes gas stations, carpools and public transport.
Fly and stay. This category includes flights, hotels, homestays and more.
Watch and listen. This category includes several eligible streaming services, like Amazon Prime, Audible, Apple Music, Apple TV +, Disney +, ESPN +, fuboTV, HBO Now, Hulu, Netflix, Pandora, Sirius XM Radio, Spotify Premium and more.
All other eligible expenses earn 1 point per dollar spent.
Points are worth a penny each and can be redeemed for things like travel, cash back, or gift cards through the Wells Fargo Go Far Rewards portal. You can book travel by combining points and a payment card. For cash back, you can redeem through a Wells Fargo ATM, as long as it’s $ 20 / 2,000 points. You can also redeem over the phone or online in $ 25 / 2,500 point increments, which can be applied directly to any qualifying Wells Fargo account or you can request a check.
Foreign transaction fees: Nothing.
Cell Phone Protection up to $ 600, less a $ 25 deductible, for damage or theft of your phone (when you use the card to pay your monthly cell phone bill). *
Travel accident insurance and reimbursement of lost baggage. *
Auto protection and insurance, including roadside assistance and rental car coverage. *
Purchase protections, including return protection and extended warranty. *
* Terms and conditions may apply.
Highlights of the Wells Fargo Propel American Express® Card
Annual contribution of $ 0
Some best rewards cards – especially those that offer generous welcome offers and high ongoing rewards – come with an annual fee. This means that for a card to be worth it, you will need to earn enough rewards to break even with the annual fee. It is not a problem with the Wells Fargo Propel American Express® Card. It’s rare to find a travel rewards card that offers such ongoing value with no annual fee (assuming you don’t accrue interest charges).
broadly inclusive award categories
Unlike other travel cards, the rewards categories for Wells Fargo Propel American Express® Card are both lucrative and widely attractive. It’s not the only travel rewards card to include some less considered categories like campgrounds, tolls and taxis. But the Wells Fargo Propel American Express® Card Also earns triple points on discount travel sites, not to mention host families and carpools. The category of streaming services is also a differentiator and could be useful for the right kind of user.
Disadvantages of Wells Fargo Propel American Express® Card
Some premium advantages
If you are looking for a card with exclusive travel benefits and other perks, you will probably have to pay for it. the Wells Fargo Propel American Express® Card does not come with an annual fee, but it also does not come with freebies like Global Entry / TSA Preclearance reimbursement, access to the airport lounge or the possibility of transferring your rewards to hotel or airline partners.
Potentially limited international acceptance
While the Wells Fargo Propel American Express® Card does not charge foreign transaction fees, American Express is not as widely accepted outside the United States as Mastercard and Visa. So for overseas travel, this card might not be your best choice.
Bank of America® Travel Rewards credit card
If you want rewards from a no annual fee travel card but don’t like the idea of following bonus categories, the Bank of America® Travel Rewards credit card is a solid choice. Cardholders earn an unlimited number of 1.5 points per dollar spent on all purchases. You also earn 3 points per dollar spent – double the usual card rate – at the Bank of America® Travel Center. Rewards can be redeemed for credit toward any travel purchase. Those who qualify for banking Favorite rewards program can earn bonuses on their earnings of 25% or more.
Chase Sapphire Preferred® Card
If your goal is travel rewards plus benefits, the Chase Sapphire Preferred® Card is a serious contender. The card earns 2 points for every dollar spent on meals and travel (and until March 2022, it earns 5 times more points on Lyft). All other purchases earn 1 point per dollar spent. It has an annual membership fee of $ 95, but it also offers a rich signup bonus: Earn 100,000 bonus points after spending $ 4,000 on purchases within the first 3 months of opening the account. That’s $ 1,250 when you redeem through Chase Ultimate Rewards®. The secret sauce with this card is that the points take 25% more value when used to book travel through the Hunt the Ultimate Rewards® portal. So if you have accumulated 10,000 points, you can redeem them for $ 100 cash back or $ 125 travel. And because the Chase Sapphire Preferred® Card allows you to transfer points to multiple partner airlines and hotels, you may be able to get even more value from your rewards.
Citi® Double Cash Card – 18-month BT offer
If you’re not a frequent flyer and looking for a simple rewards structure, you may want to consider a flat rate cash back credit card, like the Citi® Double Cash Card – 18-month BT offer. It has an annual membership fee of $ 0, but instead of tiered rewards, it offers 2% cash back on everything – 1% cashback when you make a purchase and another 1% cashback when you pay for it.
If you’re looking for more credit card alternatives, check out NerdWallet best credit cards page.
Wells Fargo Visa Signature® credit card information was collected by NerdWallet and has not been reviewed or provided by the card issuer.