Is the Wells Fargo Propel American Express Card worth it?

Review: Wells Fargo Propel American Express Card – May 2018

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Earn 20,000 bonus points and a 10% relationship bonus with this no-fee card.

  • Get this card if… you want to pay no annual or foreign transaction fees while earning rewards.
  • Good to excellent credit score of 680 to 850 recommended.
Product NameWells Fargo Propel American Express® Card
Intro APR for Balance Transfer0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
Balance Transfer Rate (not intro)14.24% to 26.24% variable
APR for Purchases ( Purchase Rate )14.24% to 26.24% variable
Annual fee$0
Cash Advance Rate25.24% to 27.24% 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
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Interest$1
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$37
Late Payment Fee$37
Cash Advance Fee$10 or 5% of the amount of each advance, whichever is greater.

The basics

If you’re always on the road, the Propel American Express Card from Wells Fargo could be for you. You’ll get 3x points at gas stations and 2x points at restaurants. You won’t pay foreign transaction fees, and you’ll have lots of travel-friendly options to choose from when you redeem your points — though you can always stick with good old cash.

Spend $1,000 in the first three months, and you’ll get 20,000 bonus points. Open a Wells Fargo account, and they’ll tack on an extra 10% to your points each year. On top of this, there’s no interest on purchases and balance transfers during your first 12 months, and you’ll never pay an annual fee to use the card.

The perks

  • Signup bonus. Earn 20,000 bonus points when you spend $1,000 in the first three months after opening your account.
  • 10% “relationship” bonus. Get a 10% annual bonus on the points you earn for holding a valid Wells Fargo checking or savings accounts. This means that if you earn 500 points during a billing cycle, the bank gives you an additional 50 points.
  • Earn reward points. Earn 3x points at US gas stations, 2x points at US restaurants and 1x points on all other qualifying purchases.
  • Multiple ways to redeem rewards. Redeem your points for airfare, hotels, cruises, car rentals, online auctions, merchandise and gift cards. Or get cash back in the form of a check or credit to a Wells Fargo account.
  • 0% intro APR. Pay no interest on purchases and balance transfers for your first 12 months.

You’ll also like…

  • No annual fees. You’ll never pay an annual fee to use this card.
  • No foreign transaction fees. You won’t pay transaction fees when you use this card outside of the US.
  • Travel benefits. Cardholders get low airfares on international and domestic flights, special fares on cruises and discounts on car rentals and hotels.
  • Enhanced security. Get peace of mind through retail protection, extended warranty, lost luggage reimbursement, auto rental collision and liability insurance, roadside assistance, emergency cash advances and 24/7 travel and emergency assistance.

What to watch out for

  • Balance transfer fees. For the first 12 months, you’ll pay a 3% fee on balance transfers. After 12 months, that fee increases to whichever is greater, $5 or 3.
  • End of intro APR. The 0% intro APR offer expires in 0%, when you’ll begin paying interest on your outstanding purchase balances or transfers.
  • Other fees and penalties. For every late or returned payment, you’ll pay up to $37.00. Cash advances and overdraft protection advances also come with fees.

Consider other cards if…

  • You want better airline rewards. You’ll find airline reward cards that come with lounge access, free checked bags, priority boarding and complimentary companion tickets.
  • You don’t spend much on gas or dining out. Consider a rewards card that offers a better points-to-dollar ratio with no category restrictions, like the Barclaycard Arrival Plus World Elite Mastercard that offers 2x points on all purchases.

What to know before you apply

Apply for the Wells Fargo Propel American Express Card if you’re:

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

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

Information you’ll need

When completing your application, you’ll need to supply your:

  • 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 American Express Card site, click Apply Now.
Wells Fargo Propel american Express Card2. If you’re a Wells Fargo customer, sign in to your online account. If you’re not yet a customer, click Continue.
Get Started3. Provide the required personal and financial information, confirm that you understand the terms and conditions and click Submit.
Personal InformationSocial Security NumberFinancial Information
Email terms and conditions

How long will it take to be approved?

If you apply online, you’ll receive conditional approval almost as soon as you submit your application.

I got the card. Now what?

  • Consider a Wells Fargo account. If you don’t have an existing checking or savings account with Wells Fargo, consider opening one to get a 10% bonus on points you earn.
  • Avoid unnecessary interest. Keep in mind that you’ll accrue interest on purchases and balance transfers after the first 12 months. Avoid interest by paying off your outstanding balances by then.
  • Contact Wells Fargo. For support, call 1-800-642-4720. Or connect with the bank through Twitter @WellsFargo or Facebook @wellsfargo.

Bottom line

Unless you’re looking for a card with a stronger points-to-dollar ratio across categories or high-end travel perks, this no-fee card’s array of benefits could work well for you.

Common questions about Wells Fargo Propel American Express Card

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