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Apply online for Wells Fargo Propel American Express® Card
About Our Ratings
Credit Needed
Excellent, Good

Wells Fargo Propel American Express® Card Review

Pros & Cons

  • A simple tiered reward structure offers three times the points at U.S. gas stations, two times the points at U.S. restaurants and 1 point on other purchases.
  • Earn a 10 percent relationship bonus annually if you have a qualifying Wells Fargo account.
  • Enjoy a 0 percent APR on purchases and balance transfers for 15 months.
  • This tiered credit card leaves out a category many other tiered cards offer bonus points in – groceries. If you spend much on groceries, you might consider a different card for maximum rewards.

Top Features

Purchase APR
13.49%-25.49% (Variable)
Purchase Intro
APR:
0%
Period:
15 months
Annual Fee
$0

Full Review

Brooklyn Lowery Site Editor

Wells Fargo Propel American Express® Card Essentials

How does a 10 percent rewards bonus sound as a thank you gift from your credit card company?

That's what Wells Fargo, a U.S. banking institution famous for its widely recognized logo featuring galloping horses pulling a stagecoach, is offering to its Wells Fargo Propel American Express® cardholders who also hold eligible accounts with Wells Fargo.

The Wells Fargo Propel American Express® Card offers similar features to a couple of other Propel products in the Wells Fargo credit card family, but this card comes with one major difference: no annual fee.

Wells Fargo Propel American Express® Card's best features:

  • No annual fee.
  • 0 percent purchase and balance transfer APR for 15 months
  • No cap on points earnings
  • Three times the points on gas, two times the points at restaurants and one points on all other purchases
  • Paying your cellphone bill with the Wells Fargo Propel American Express® Card gets you up to $600 protection on your cellphone against damage or theft subject to a $25 deductible.
  • Maintain a Wells Fargo checking or savings account or premier relationship (PMA®) package and get an annual bonus of 10 percent on non-bonus rewards points.
  • Discounts on hotels, car rentals, airfare and cruises
  • Chip technology, plus purchase and travel protection

What Our Editors Like Most about the Wells Fargo Propel American Express® Card

Customer relationships are critical to big banks, and Wells Fargo is pinning the success of this credit card product on that exchange.

If you already have a Wells Fargo checking or savings account, you'll earn a 10 annual bonus on non-bonus rewards points (that's the first point earned for each purchase in each category). This perk also is available to cardholders who have a Wells Fargo's PMA® package (premier relationship package), which offers special benefits such as bonus interest rates on select FDIC-insured deposits, fee waivers on certain banking services and interest rate discounts on new loans and lines of credit.

Aside from the loyalty benefits, the card itself has decent rewards options, especially for a credit card with no no annual fee. Earn triple the points when you spend on gas (one point, plus two bonus points), double the points (one point, plus one bonus point) on restaurants and one point on all your other purchases. The Wells Fargo Propel American Express® Card also has flexible redemption options, including depositing your earnings into a qualifying Wells Fargo checking or savings account, the option to redeem points for gift cards or travel or to send points to another Wells Fargo rewards customer as a gift.

The best rewards perk Wells Fargo offers, however, is the ability for cardholders to combine rewards accounts across the bank's different credit card products. Wells Fargo Propel American Express® Card doesn't have a points sign-up bonus, but several of Wells Fargo's other cards do: Wells Fargo Propel World American Express® has a 40,000-point sign-up offer and Wells Fargo Propel 365 American Express® has a 20,000-point bonus. These two cards are best for frequent travelers, but using Propel American Express® as a companion card to one of them could help you stack up rewards more quickly.

Another possible "stacking" option is to use the Wells Fargo Propel American Express Card, a tiered rewards credit card, in conjunction with another flat-rate, no-fee credit card. For instance, use your Wells Fargo Propel American Express Card to make all your gas and restaurant purchases since those categories offer bonus points, but use a card like Chase Freedom Unlimited℠ to earn 1.5 percent cash back on all your other purchases.

Potential Downsides of the Wells Fargo Propel American Express® Card

As mentioned above, there's no sign-up bonus, which does put a damper on the "new card" excitement. You should also note that there is a 3 percent foreign transaction fee and accumulated points do expire. Though five years is a long time to redeem points, other rewards programs, including Chase® Ultimate Rewards, don't put an expiration date on points.

Additionally, your points are less valuable if you redeem them for cash, gift cards or merchandise – they're worth at most one cent apiece with these redemption options. If you want to truly maximize their value, Wells Fargo offers exclusive discounts on airfare, hotels and other travel, so using points when these offers arise could provide more value. Also keep in mind that you might not earn bonus points if you use your card at online marketplaces like Amazon or eBay or if you pay for purchases using a mobile or digital wallet.

How the Wells Fargo Propel American Express® Card Compares to Other Credit Cards

Wells Fargo Propel American Express® Card vs. Chase Sapphire Preferred® Card:

The big difference between these two cards is the sign-up bonus. Chase Sapphire Preferred® Card offers new cardholders a chance to earn 50,000 bonus points. Chase® cardholders can earn 2x points on dining and travel that can transfer to participating frequent travel programs, which include British Airways and Marriott. Chase® also offers a 20 percent discount when you use reward points to book travel through its portal, increasing your points value.

Wells Fargo says it offers the lowest airfare on domestic and international flights through its air program, but there's not a specific, ongoing discount. However, cardholders do get 20 percent off the best available rate at hotels. Another key difference is that Wells Fargo Propel American Express® Card has no annual fee, whereas Chase Sapphire Preferred® Card charges a $95 annual fee after a $0 Intro for the first year. Consider this a trade-off for getting a better sign-up bonus and more flexible rewards compared to the Wells Fargo Propel American Express® Card.

Wells Fargo Propel American Express® Card vs. The Amex EveryDay® Credit Card from American Express:

The The Amex EveryDay® Credit Card from American Express (American Express is a Cardratings.com advertiser) offers two times the points on groceries on up to $6,000 a year and one point on all other purchases, so it's a decent choice for people spend substantially at grocery stores. If you spend too substantially, however, (over than $6,000 cap), your points earning reverts to one point per dollar even at grocery stores.

Wells Fargo Propel American Express®, on the other hand, doesn't have a yearly cap so you'll earn bonus points on gas and restaurant purchases all year long. The The Amex EveryDay® Credit Card from American Express does have  a 10,000-point sign-up bonus and offers cardholders a nice incentive to keep spending: 20 percent more bonus points when you use your card at least 20 times in a billing period. Like Wells Fargo Propel American Express®, the The Amex EveryDay® Credit Card from American Express has no annual fee. AMEX Everyday® does have a slightly lower foreign transaction fee: 2.7 percent compared to 3 percent for Propel American Express®. The cards are certainly comparable, but if most of your spending is at the pump or restaurants, Wells Fargo Propel American Express® is the better option.

Wells Fargo Propel American Express Card vs. Discover it® - Cashback Match™:

If you're someone who is willing to strategize your credit card spending a bit, Discover it® - Cashback Match™ could reap you much higher rewards thanks to its rotating 5 percent cash back categories that change quarterly and for which you're eligible when you sign up. Outside of those bonus categories, you only earn 1 percent back with Discover it® - Cashback Match™, so if you aren't willing to keep up with the bonus categories, the Wells Fargo Propel American Express® Card will offer you equal rewards in most categories and higher rewards in gas and restaurant purchases.

Discover it® - Cashback Match™ doesn't come with a foreign transaction fee, however, so it could be a better option if you plan to use your card while abroad. 

Who Should Get This Card?

If you already bank with Wells Fargo, the Wells Fargo Propel American Express® Card is a nice everyday card to keep in your wallet given that there's no annual fee to carry it. There's nothing confusing about the card's points structure or value, and the annual 10 percent customer relationship bonus could be enticing if you're a current Wells Fargo customer looking for a card that offers simplicity.

This card compared to other low interest cards

Purchase APR
13.49%-25.49% (Variable)
7.75% (Variable) 
13.49%* Variable 
Purchase Intro
APR:
0%
Period:
15 months
APR:
None
APR:
0%
Period:
15 months
Balance Transfer Intro APR
0%
7.75% (Variable)
0%
Balance Transfer Intro Period
15 months
N/A
15 months (on balance transfers made within 45 days of account opening)
Annual fees
$0
None
$0
CardRatings.com Editorial Staff

Wells Fargo Propel American Express® Card details

Cashback on Gas
3X points
Cashback on groceries
1X point
Cashback on other
1X point
Purchase Intro
APR:
0%
Period:
15 months
Purchase APR
13.49%-25.49% (Variable)
Annual Fee
$0
see more  

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 10.74% to 18.74%
 10.74% to 18.74%
 20.74%
APR:
  13.49%-25.49%
(Variable)
 13.49%-25.49% (Variable)
 24.49%-26.49% (Variable)
APR Floor:
 None
 None
 None
Intro Rate:
 0%
 0%
 N/A
Intro Period:
 15 months
 15 months
 N/A


Finance Calculation Method:
 Average Daily Balance (including new purchases)
Default/Penalty APR:
 None
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 None
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 3%
Late Fee:
 Up to $37
Over-the-limit Fee:
 0% ( $0 max.)
Balance Transfer Fee:
3% intro for 15 months  


Notes:

Rebate Description:
 3X points on airlines, 2X points on hotels and 1X points on all other net purchases. Accelerated point earnings, no foreign currency conversion fees, up to $100 per year in reimbursements toward incidental airline charges, complimentary room upgrades and more from the Luxury Hotel Program. Redeem points for merchandise, gift cards, travel, cash back and more. Earn an annual bonus of 10%, 25% or 50% more on non-bonus rewards points if you maintain a qualifying consumer Wells Fargo Checking or Savings Account, or PMA® relationship.
Special Notes:
 
Credit Card More Information:

Card Issued By:
 Wells Fargo Bank, NA
General Correspondence Address:
PO Box 10347
Des Moines, IA 50306
Card Type:
 American Express
Card Class:
 World
Card Category:
 Gas, Low Intro Rate, Credit Card Deals, Low Interest
States Available In:
 
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Wells Fargo Bank, NA says about this card

  • Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
  • 0% Intro APR for 15 months on purchases and balance transfers, then a 13.49%-25.49% variable APR; balance transfer fees apply
  • $0 Annual Fee
  • Enjoy exclusive offers on airline tickets, hotels, car rentals, and cruises
  • Redeem points for travel, gift cards, cash redemption options or merchandise through Go Far™ Rewards
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Propel American Express® Card
  • Earn an annual relationship bonus of 10% on non-bonus rewards points if you maintain a qualifying Wells Fargo account
  • Select "Apply Now" to learn more about the product features, terms, and conditions

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Special offers
Currently available on the Wells Fargo Propel American Express® Card
Earn an annual relationship bonus of 10% on non-bonus rewards points
If you maintain a qualifying Consumer Wells Fargo Checking or Savings account

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