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Apply online for Wells Fargo Propel American Express® Card
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Wells Fargo Propel American Express® Card Review

Pros & Cons

  • Earn 20,000 bonus points after spending $1,000 in the first 3 months
  • 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.
  • 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

Rewards
Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
Bonus Rewards
Earn 20,000 bonus points after spending $1,000 in the first 3 months
Purchase APR
13.99%-25.99% (Variable)
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:

  • Earn 20,000 bonus points after spending $1,000 in the first three months.
  • No annual fee.
  • 0 percent purchase and balance transfer APR for 12 months (then,
    13.99%-25.99% (Variable))
  • 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. A 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

You should also note that accumulated points do expire, though five years is a long time to redeem points. Still, other rewards programs, including Chase® Ultimate Rewards®, for instance, 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 who spend substantially at grocery stores. If you spend too substantially, however, (over that $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 foreign transaction fee: 2.7 percent compared to no fee 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.

Neither card charges foreign transaction fees.

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 page was last updated on October 17, 2017

This card compared to other reward points cards

Rewards
Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms Apply.
5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel. Terms Apply.
Bonus Rewards
Earn 20,000 bonus points after spending $1,000 in the first 3 months
10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
60,000 points after you use your new Card to make $5,000 in purchases in your first 3 months.
Purchase APR
13.99%-25.99% (Variable)
See Rates & Fees N/A
N/A 
Annual fees
$0
$0
$550
CardRatings.com Editorial Staff

Wells Fargo Propel American Express® Card details

Rewards
Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
Bonus Rewards
Earn 20,000 bonus points
after spending $1,000 in the first 3 months
Purchase Intro
APR:
0%
Period:
12 months
Purchase APR
13.99%-25.99% (Variable)
Annual Fee
$0

What Wells Fargo Bank, NA says about this card

  • Earn 20,000 bonus points after spending $1,000 in the first 3 months
  • Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
  • 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
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 13.99%-25.99% variable APR; balance transfer fees apply
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

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Highlighted offers
Currently available on the Wells Fargo Propel American Express® Card
Earn 20,000 bonus points
After spending $1,000 in the first 3 months
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Apply online for The Amex EveryDay® Credit Card from American Express

The Amex EveryDay® Credit Card from American Express

  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • No annual fee.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Terms Apply.
Terms and Limitations Apply
Credit Needed:
Excellent, Good
Apply online for The Platinum Card® from American Express

The Platinum Card® from American Express

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Terms Apply.
Terms and Limitations Apply
Credit Needed:
Excellent, Good