Is the Wells Fargo Propel 365 American Express Card worth it? February 2018

Review: Wells Fargo Propel 365 American Express® Card – February 2018

Earn 20,000 signup bonus points and an annual bonus of up to 50% extra points with this card that offers a 0% intro APR.

  • Get this card if… you want a rewards card with travel benefits and no foreign transaction fees.
  • Good to excellent credit score of 680 to 850 recommended.
Product NameWells Fargo Propel 365 American Express® Card
Intro APR for Balance Transfer0% Intro APR for 12 months (with $5 minimum, 5% balance transfer fee)
Balance Transfer Rate (not intro)15.24% to 23.24% variable
APR for Purchases ( Purchase Rate )15.24% to 23.24% variable
Annual fee$0 annual fee for the first year ($45 thereafter)
Cash Advance Rate23.24% variable
Card TypeAmerican Express
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$37
Minimum Interest$1
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0 annual fee for the first year ($45 thereafter)
Returned Payment Fee$37
Late Payment Fee$37
Cash Advance Fee$10 or 5% of the amount of each advance, whichever is greater
Rewards ProgramWells Fargo
Bonus Points on Sign-up20,000
Rewards Points per $ spent (VISA/MC)3
Points ExpiryNever

The basics

The Propel 365 American Express Card from Wells Fargo is a tiered rewards card much like the Chase Sapphire Reserve Visa Card and the Virgin Atlantic World Elite Mastercard.

This card gives you the opportunity to earn up to 3x points with the added bonus of 20,000 points when you spend $3,000 in the first three months. If you have a relationship with Wells Fargo, you could qualify for a bonus of up to 50% on the points you earn.

The first year you have the card you won’t pay an APR or an annual fee. You’ll never pay foreign transaction fees when you use this card outside of the US.

Editorial reviews

Review SiteReviewerStar Rating
ValuePenguinRobert Harrow87%

User reviews

Review SiteStar RatingReview Count
NerdWallet3.3/53 reviews
Credit Karma4/55 reviews

The perks

  • Signup bonus. You’ll need to spend $3,000 on purchases in the first 3 months to receive a signup bonus of 20,000 points.
  • Relationship bonus. 10% bonus points for having a Wells Fargo consumer checking or savings account, 25% bonus points for a primary checking account within your Portfolio by Wells Fargo program, 50% bonus for having more than $250,000 in your account or if you’re a Wells Fargo Private Bank customer.
  • Earning points. Spending on gas in the US will get you 3x points and 2x points at US restaurants. All other purchases come with 1x points.
  • Redeeming points. Redeem points for airline tickets with no travel restrictions or blackout dates. You can also redeem them for car rentals, hotels, cruises, online auctions, merchandise, gift cards or simply get cash back.
  • Intro APR offer. You’ll pay no interest on purchases and balance transfers for the first year.

You’ll also like…

  • Annual fee waiver. No annual fee for the first year, but you’ll pay $45 p.a. per year going forward.
  • No foreign transaction fees. You won’t pay to use your card overseas.
  • Travel benefits. Get access to exclusive American Express offers and travel experiences including low airfares; discounted rates on cruises, car rentals, and hotels; up to $100 off on qualifying air and hotel packages; and 24/7 access to a complimentary concierge service.
  • Travel protection. You’ll get roadside assistance, auto rental collision and liability insurance, travel accident insurance, lost luggage reimbursement, emergency cash advances as well as 24/7 travel and emergency assistance.
  • Security. You’ll get added security with this chip enabled card because it offers retail protection, return protection and an extended warranty.

What to watch out for

  • End of intro APR. The intro 0% APR offer ends after your first year as a cardholder. From that point on you’ll start paying interest toward all outstanding balances.
  • Balance transfer fees. While the balance transfer fee for the first 12 months is 3% of the balances transferred, it might increase to up to 5%.
  • Other fees. The bank will charge up to $37.00 for late or returned payment. You’ll also pay fees for cash advances and overdraft protection advances.

Consider other cards if …

What to know before you apply

Consider applying for the Wells Fargo Propel 365 American Express Card if you’re:

  • At least 18 years old.
  • A resident of the US.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

In order to qualify, you’ll need to provide the following information:

  • Full name, personal contact information and Social Security number.
  • Housing status and monthly rent or mortgage payments.
  • Employment status and gross annual income from all sources.

What credit score do I need?

You have a better chance of application approval with a credit score of 680 or higher.

How to apply for the card

1. On the Wells Fargo Propel 365 American Express Card website, click Apply Now.

Wells Fargo Propel 365 American Express Card step 1

2. Existing Wells Fargo customers can login to quicken the process. Others simply need to click Continue.

Wells Fargo Propel 365 American Express Card step 2

3. Provide the required information, verify if it’s correct, and click Submit.

Wells Fargo Propel 365 American Express Card step 3a

Wells Fargo Propel 365 American Express Card step 3b

Wells Fargo Propel 365 American Express Card step 3c

Wells Fargo Propel 365 American Express Card step 3d

How long will it take to be approved?

You’ll find out about your application’s conditional approval soon after you submit it online.

I got the card. Now what?

  • Make timely payments. Register your account online with Wells Fargo to monitor your spending and make payments.
  • Avoid interest. Make use of the 25-day grace period after each billing cycle to avoid paying interest on purchases.
  • Avoid unnecessary fees. Ensure that there are adequate funds in your bank account when making payments to avoid stiff late fees and bounced-payment penalties.
  • Customer service. call 1-800-642-4720. Or contact the bank via Twitter @WellsFargo or Facebook @wellsfargo.

Bottom line

This card has some solid travel perks, along with the points program — especially if you’re a Wells Fargo customer. Before you decide on a travel credit card, it’s best to compare a number of cards.

See how Wells Fargo Propel 365 American Express card compares to other cards

Rates last updated February 24th, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Barclaycard Arrival Plus® World Elite Mastercard®
17.24%, 21.24% or 24.24% variable
0% Intro APR for 12 months (with whichever is greater: $5 or 3% balance transfer fee)
$0 annual fee for the first year ($89 thereafter)
Enjoy 40000
bonus miles after you spend on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase.
Luxury Card Mastercard® Titanium Card™
16.24% variable
0% Intro APR for for the first 15 billing cycles (with whichever is greater: $5 or 3% balance transfer fee)
$195 ($95 for each Authorized User added to the account)
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
HSBC Gold Mastercard®
12.24%, 16.24% or 20.24% variable
0% Intro APR for first 18 months from account opening (with whichever is greater: $10 or 4% balance transfer fee)
$0
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card.
Indigo® Platinum Mastercard® Credit Card
23.9% variable
$75 annual fee for the first year ($0 to $99 thereafter)
With this card you get a 23.9% variable APR.
Barclaycard Ring™ Mastercard®
10.24% variable
$0
A low, variable APR on purchases, balance transfers and cash advances.
Credit One Bank® Visa® with Free Credit Score Tracking
17.24% to 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
Credit One Bank® Unsecured Platinum Visa®
19.15% - 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Give your credit a boost with credit line increase opportunities, a fee may apply.
The First Access VISA® Credit Card
29.99% variable
$75.00 for first year. After that, $48.00 annually.
Access credit even if you have poor or limited credit history.
Simmons Bank Visa® Platinum
9.25% variable
$0
The Simmons Bank Visa® Platinum Card offers multiple perks, including one of the lowest available APRs on the market.
Credit One Bank® Unsecured Visa® with Free Credit Score Tracking
19.15% - 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
Simmons Bank Visa® Platinum Rewards
11.25% variable
$0
Excellent Credit Required - Applicants that do not have excellent credit will not be approved

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