Do you know about Wells Fargo Propel Card benefits? I will provide the proper reviews of Fargo Propel American Express Card and earning points on travel.
In the competitive world of credit cards, the Wells Fargo Propel American Express Card stands out as a prime option for savvy travelers and everyday spenders alike. This card, a collaboration between Wells Fargo and American Express, offers a lucrative opportunity to earn points on travel, dining out, and even on popular streaming services, without the burden of an annual fee.
|Points never expire.
|Flights must be booked through Go Far Rewards.
|No blackout dates on travel.
|Cannot transfer points to external loyalty programs.
|Unlimited points earning potential.
|A minimum of 2,500 points is needed for airline ticket redemptions.
|Redeem points for travel purchases at 1 cent each.
|Flexible redemption options: travel, gift cards, cash, merchandise, and more.
|Transfer points to other Wells Fargo cards for enhanced benefits, like a 50% travel redemption bonus with the Wells Fargo Visa Signature card.
With features like no foreign transaction fees, a generous welcome offer, and comprehensive travel protections, the Wells Fargo Propel Amex Card is tailored for those looking to maximize their rewards and minimize costs. Whether you’re a frequent flyer, a dining enthusiast, or someone who enjoys the simplicity of a no-annual-fee card, this review will guide you through the Propel Card’s benefits, making it easier to decide if this is the right card to fuel your next adventure.
Propel Credit Card from Wells Fargo
The Propel Credit Card from Wells Fargo, officially known as the Wells Fargo Propel American Express Card, is designed for those who seek to maximize rewards on their spending without paying an annual fee. This card is particularly appealing for its broad earning categories, offering generous rewards on travel, dining, streaming services, and more. It stands out for its flexibility in rewards redemption, allowing cardholders to use points for travel, cash back, gift cards, and other options.
The Propel Card also offers valuable benefits such as cell phone protection, no foreign transaction fees, and exclusive access to Amex offers. Its compatibility with other Wells Fargo cards means you can combine points for even greater value, especially when transferring points to a Wells Fargo Visa Signature Card, which can increase the value of points when redeemed for airfare.
Where get the Wells Fargo Propel American Express Card?
The Wells Fargo Propel American Express Card is ideal for a wide range of consumers, particularly those who:
- Frequently Spend on Dining and Travel: If a significant portion of your budget goes towards dining out, traveling, or both, the Propel Card’s 3X points on dining, travel, and select streaming services make it an excellent choice for maximizing rewards on these expenditures.
- Enjoy Streaming Services: With the unique benefit of earning triple points on eligible streaming services, this card is perfect for those who regularly pay for platforms like Netflix, Hulu, Spotify, and more.
- Seek a No Annual Fee Card: For individuals who prefer not to pay an annual fee for a credit card, the Propel Card offers an attractive value proposition by combining robust rewards with $0 annual fee.
- International Travelers: The absence of foreign transaction fees makes this card a great companion for those who travel abroad, allowing cardholders to make purchases outside the U.S. without incurring additional charges.
- Value Flexibility in Rewards Redemption: If you prefer having multiple options for redeeming your points, including travel, cash back, gift cards, and more, the Propel Card provides the versatility you need.
- Wells Fargo Customers Looking to Consolidate Rewards: Those already banking with Wells Fargo may find the Propel Card an appealing addition to their wallet, especially if they’re interested in pooling rewards with family or friends using Wells Fargo’s Go Far Rewards program.
The Wells Fargo Propel American Express Card caters to individuals who are looking for a versatile rewards card that covers a broad spectrum of spending categories without an annual fee, making it a compelling option for both everyday purchases and travel.
Wells Fargo Propel Card Benefits:
The Wells Fargo Propel American Express Card stands out as a premier option in the no-annual-fee credit card market, offering a range of benefits that cater to a broad spectrum of users, from travelers to everyday shoppers. Wells Fargo Propel Card offers a $0 annual fee, 1 cent per point value, and 3X points on dining, travel, and streaming. Ideal for earning travel rewards without extra costs.
Here’s an in-depth look at the Wells Fargo propel benefits, making it a compelling choice for those seeking value without the expense of an annual fee.
Welcome Offer and Rewards Program:
The Propel Card entices new users with a welcome bonus of 20,000 points after spending $1,000 within the first three months of account opening. This bonus equates to $200 in cash back, travel, gift cards, and other rewards, offering a substantial initial perk for new cardholders. The card further rewards spending with a 3X points rate on eligible dining, transportation, travel, and streaming service purchases, and 1X points on all other purchases. These categories cover a wide range of expenses, ensuring that users earn significant rewards for their spending.
Shopping and Entertainment Perks
The Propel Card enhances the shopping experience with purchase protection, extended warranty, and return protection benefits. These protections cover new purchases against damage or theft and extend manufacturer warranties. Additionally, cardholders enjoy access to exclusive Amex Offers, providing savings and bonuses on travel, dining, and retail purchases.
Cell Phone Protection:
A standout feature is the cell phone protection plan, offering up to $600 per claim and $1,200 per 12-month period with a low $25 deductible. This coverage is particularly valuable, providing peace of mind to users in an era where cell phones are both essential and expensive. However, it’s important to note that lost phones are not covered, and the coverage is secondary, kicking in only after other insurance policies.
Wells Fargo propel foreign transaction fee
The Wells Fargo Propel American Express Card does not charge any foreign transaction fees. This feature is particularly beneficial for cardholders who travel internationally, as it allows them to make purchases abroad without incurring additional costs typically associated with foreign transactions
Travel and Purchase Protections:
The Propel Card offers comprehensive travel and emergency assistance services, including medical and legal referral assistance, emergency transportation assistance, and lost luggage locator service, among others. These benefits extend to the cardholder, their spouse or domestic partner, and dependent children, ensuring a safety net while traveling. Additionally, the card provides auto rental collision damage waiver, lost luggage insurance, travel accident insurance, and emergency assistance, enhancing its value for travelers.
Cardholders also enjoy access to Amex Offers, which provide cash back on travel, dining, and retail purchases, further enhancing the card’s value. Purchase protection and extended warranty benefits protect eligible new purchases against damage or theft for up to 90 days, with up to $1,000 per claim and $50,000 per 12-month period. The card also offers return protection, refunding the cost of an item if the merchant refuses a return within 90 days of purchase.
User Experience and Accessibility
While the card scores well for its benefits and perks, potential users should consider the acceptance of American Express cards, especially when traveling abroad. However, the Propel Card mitigates this with no foreign transaction fees, making it a more viable option for international use. The Wells Fargo customer service and mobile app also receive favorable ratings, indicating a positive user experience.
Customer Experience and Other Benefits:
Despite its many perks, the Propel Card has some limitations. American Express cards are not as widely accepted as Visa or Mastercard, especially abroad, which may limit their utility for international travelers. However, the card compensates with no foreign transaction fees, a competitive feature for those traveling outside the U.S. The Wells Fargo customer service and mobile app ratings provide additional confidence to users, ensuring support is readily available when needed.
The Wells Fargo Propel American Express Card offers a compelling mix of rewards, protections, and perks, making it an attractive option for a wide range of consumers. Its no-annual-fee structure paired with the generous rewards program and Amex propel benefits such as cell phone protection and travel insurance, make it a standout choice for those seeking value and protection in their financial products.
Earning points with the Wells Fargo Propel American Express Card
Potential Earnings in Years One and Two
The Wells Fargo Propel American Express Card offers an attractive rewards program tailored for those who love to earn on every spend. Based on a conservative estimate valuing each point at $0.01, here’s a projection of what you could potentially earn:
- Year One Earnings: Approximately $779, factoring in the welcome bonus and rewards from spending.
- Year Two Earnings: Around $579, reflecting ongoing spending without the initial welcome bonus.
These figures are derived using the FinanceBuzz Credit Card Rewards Valuation Model, considering points earned through spending across various categories, the introductory offer, and the lack of an annual fee.
Best Ways to Earn
Maximizing your Go Far Rewards with the Propel Card is straightforward and rewarding:
- 3X Points are awarded for spending on eligible dining, transportation, travel, and streaming services.
- 1X Points on all other purchases, ensuring every dollar spent adds to your points balance.
Unique categories such as campgrounds, cruise lines, highway tolls, parking lots, and more also earn you bonus points, along with eligible streaming services like Netflix, Hulu, Pandora, Apple Music, Spotify Premium, and SiriusXM, as of May 2020.
Tip: The Wells Fargo Propel American Express Card often surpasses premium travel cards in net earnings after factoring out annual fees, making it essential to compare both options to identify the best financial advantage
Categories and Rewards Rate
- Eligible Dining, Transportation, Travel, and Streaming Services: 3X Points
- Other Purchases: 1X Points
Maximizing Your Redemptions
The flexibility of the Wells Fargo Propel card extends to the redemption of your Go Far Rewards points:
- Redeem points for travel, cash back, digital downloads, gift cards, or merchandise, offering you a wide array of options to utilize your points.
- Pooling Rewards: An innovative feature allowing you to combine points with family or friends who also hold Wells Fargo cards.
- If you possess the Wells Fargo Visa Signature Card, your points escalate in value by 50% more when redeemed for airfare, amplifying the potential of your Go Far Rewards.
The Wells Fargo Propel American Express Card not only provides a lucrative earning structure but also offers versatile redemption options, ensuring that cardholders can make the most out of their earned points. Whether it’s through travel, shopping, or dining, this card is designed to reward every aspect of your spending behavior, making it a compelling choice for those looking to maximize their rewards potential.
Conclusion: Wells Fargo Propel American Express Card
In conclusion, the Wells Fargo Propel American Express Card emerges as a stellar choice for individuals looking to enrich their spending with valuable rewards across a broad spectrum of categories including travel, dining, and streaming services. This collaboration between Wells Fargo and American Express brings together the best of both worlds, offering the prestige and benefits associated with American Express cards, such as access to exclusive Amex offers, alongside Wells Fargo’s customer-centric features.
The Propel Card stands out not only for its absence of annual fees but also for its generous rewards program, making it an ideal choice for both everyday spenders and avid travelers. With the ability to earn unlimited points that never expire, and the flexibility to redeem those points for travel, cash back, and more, it caters to a wide range of financial preferences and goals.
The additional perks such as cell phone protection, no foreign transaction fees, and the ability to transfer points to other Wells Fargo cards for enhanced redemption value, further solidify its position as a powerful tool in any financial arsenal. Whether you’re drawn to the Propel Credit Card by Wells Fargo for its travel benefits, its everyday earning potential, or the strength of the Wells Fargo and American Express partnership, it’s clear that this card offers compelling advantages for a diverse array of cardholders.
Why get the Wells Fargo Propel card?
The Wells Fargo Propel American Express Card offers a compelling mix of benefits, including generous rewards on travel, dining, and streaming services, with no annual fee, making it an attractive choice for those looking to maximize their spending rewards without extra costs.
How to use the Wells Fargo Propel card?
To effectively use the Wells Fargo Propel American Express Card, maximize your rewards by spending in its high-earning categories like dining, travel, and streaming services, and take advantage of benefits like no foreign transaction fees and cell phone protection. Pair it with the Wells Fargo Visa Signature Card for even greater value on airfare redemptions.
Does the Wells Fargo Propel have foreign transaction fees?
The Wells Fargo Propel American Express Card does not charge foreign transaction fees. This feature makes it an excellent choice for international travel, allowing cardholders to purchase abroad without incurring additional charges for foreign transactions.
How much are Wells Fargo points worth?
Each Wells Fargo point is typically valued at $0.01, providing straightforward and consistent value across most redemption options. Although some premium travel cards might offer a higher point value, the Wells Fargo Propel American Express Card, with its $0 annual fee, presents a compelling value proposition for those seeking solid rewards without additional costs.