Wells Fargo Propel American Express Card

A Must-Have Card for Cash-Back Enthusiasts

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The Wells Fargo Propel American Express Card stands out among other cash-back credit cards with no annual fee, bonus points for new cardholders, and awards cash back on popular categories including flights, dining, and streaming services. Use this card to rack up unlimited rewards for all your spending, plus the redemption options are easy to use and understand.

Wells Fargo Propel American Express® Card

Overall Rating
4.5
Wells Fargo Propel American Express® Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.49% - 24.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3X points for eating out and ordering in, gas stations, rideshares, transit, for travel including flights, hotels, homestays and car rentals, as well as popular streaming services. Earn 1X points on other purchases.
INTRO PURCHASE APR 0% for 12 Months
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
3.4
for Fees
3.4
for Rewards
3.0
for Credit
3.7
Current Offer

Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months ($200 cash redemption value).

Who Is This Credit Card Best For?

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    Savvy Saver

The Wells Fargo Propel American Express Card is ideal for consumers who want to earn more cash back in popular bonus categories without paying an annual fee. It’s a good fit for those who want to earn points whether staying close to home (ordering food in from a local restaurant, and binge-watching a favorite TV show) or going out—catching a rideshare, eating out, or traveling.

Pros
  • Generous rewards program

  • No annual fee

  • Introductory 0% APR offer

Cons
  • High ongoing APR

  • Cash back can only be redeemed in $20 or $25 increments

  • Eligibility requirements

Pros Explained

  • Generous rewards program: The Wells Fargo Propel American Express Card’s generous 3% back categories help this card stand out—particularly because there are so many. There's also unlimited earning potential with this card and points won't expire as long as your account is open.
  • No annual fee: It’s rare to find a cash-back card that gives unlimited 3% back in popular categories year-round without an annual fee. The Wells Fargo Propel American Express Card manages this quite well, and with a generous welcome bonus to boot.
  • Introductory 0% APR offers: The Wells Fargo Propel American Express Card grants you 0% APR on both purchases and balance transfers for 12 months. This gives you time to pay down a large purchase with no interest, or to save money on high-interest balances you transfer over.

A 3% balance transfer fee (minimum $5) applies to balances transferred in the first 120 days, and a 5% fee (minimum $5) applies thereafter.

Cons Explained

  • Longer 0% APR offers exist: Although it’s nice that this card has introductory offers, if that’s the main feature you’re looking for in a card, consider others that give you longer than 12 months at 0% APR for balance transfers. Longer 0% purchase deals are out there, too. 
  • Cash back can only be redeemed in $20 or $25 increments: This is not only a hassle, but usually means you’re not able to access all of your cash back. You could end up having to leave an odd amount of cash back in your account whenever you close it.
  • Eligibility requirements for deals and bonus: If you’ve already opened a Wells Fargo credit card within the last 15 months and received a new-cardholder bonus or introductory APR, you may not be eligible for the intro deals and bonus again. 

Bonus for New Cardholders

New cardholders can earn 20,000 Go Far Rewards points worth $200, after spending $1,000 on their Propel card within three months. 

A $200 bonus after spending $1,000 is a fairly generous bonus for a rewards card that doesn’t charge an annual fee.

Earning Points & Rewards

The Wells Fargo Propel American Express Card really knocks it out of the park with its categories that earn 3% back in Go Far Rewards points:

  • Restaurants, including fast-food and drinking establishments 
  • Commuting, including gas stations, taxis, parking lots, and toll bridges.
  • Travel, including flights, hotels, car rentals, cruises, campgrounds, and timeshares 
  • Select streaming music, radio, and TV services.

You'll earn 1% back in Go Far points on all other purchases, and there's no limit on the number of points you can earn.

You can also earn up to 35% in Bonus Rewards when using your card in the Earn More Mall online, or activating deals and shopping in-store.

Redeeming Rewards

This is a cash-back credit card at heart, and you can redeem your points for a statement credit, a cash deposit to a bank account, a paper check, or a gift card. Points can also be redeemed for travel that you book through the bank’s rewards program. If you redeem them for a plane ticket, your points are worth 1 cent—the same value as when you redeem for cash back. You can buy merchandise and gift cards through the Go Far Rewards online catalog, too, but your point values may vary.

You can only redeem points for cash in $25 increments, or via ATM in $20 increments if you have a Wells Fargo bank account. Travel redemptions can only be made by calling Wells Fargo Go Far Rewards Customer Service. 

One particularly nice feature is that you can start a rewards pool with other members of Go Far Rewards, so you can work together toward building a stash of points. You can also transfer them to another account you own or gift them to another customer in the program.

How to Get the Most Out of This Card

Spend $1,000 ASAP to earn your welcome offer, and then keep using your card to pay for purchases in all the 3% earning categories.

How much can you earn? Imagine you spend $1,000 per month in 3% categories such as rideshares, gas, dining out, and travel, which earns you $30. If you also spend $1,000 per month for other purchases, you would earn $10 more in cash back. 

Over 12 months, that works out to $480 in cash back. Add the $200 from the 20,000-point welcome bonus and your first-year annual total would be $680 in rewards. 

When redeeming for cash, keep a close eye on your Go Far Rewards point balance, and cash in once you achieve the $25 increment limit (or $20, if you have a Wells Fargo account and debit card or ATM card). Don’t let money accumulate in an account that doesn’t pay interest. Redeeming regularly will also help you avoid forgetting about your points.

Excellent Perks

We like to highlight credit card benefits that are less common and more valuable than typical perks, and this card has a couple of those:

  • Lost or Damaged Baggage Coverage: This coverage can reimburse you if your baggage is lost or damaged by a common carrier, up to $1000 per insured person; pay trip fees with your Wells Fargo credit card or rewards points to qualify for this coverage. 
  • Travel Accident Insurance: Receive up to $150,000 in travel accident coverage in the event of accidental death or serious injury during a trip paid for with this card.
  • Cellphone Protection: Receive up to $600 per claim and $1,200 per 12-month period in cellphone protection if your cellphone is stolen or damaged, minus a $25 deductible, as long as you pay your cellphone bill with your Wells Fargo card. 

Other Features

  • Secondary rental car loss and damage insurance
  • Insurance for stolen or damaged purchases
  • Extended warranties
  • Emergency travel and roadside assistance 
  • Refund when merchant won’t accept returned item

Customer Experience

Wells Fargo offers 24/7 customer service, including access from outside the United States. It also has a mobile app that lets you contract customer service, pay bills, track your purchases, and turn your cards off or on with the bank’s Control Tower feature. 

In J.D. Power’s 2019 U.S. Credit Card Satisfaction Study, Wells Fargo received just two “Power Circles,” which is the lowest rating possible.

Security Features

The Wells Fargo card comes with standard features, including zero liability for unauthorized transactions, purchase and other account alerts, and chip technology. 

Fees

This is a relatively low-fee card: There isn’t an annual fee, there’s not a foreign transaction fee, and most of the card’s other fees are fairly standard. 

Next Steps
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CURRENT CARD
Wells Fargo Propel American Express® Card
overall rating
4.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.49% - 24.99% variable
Annual Fee $0
Rewards Earning Rate Earn 3X points for eating out and ordering in, gas stations, rideshares, transit, for travel including flights, hotels, homestays and car rentals, as well as popular streaming services. Earn 1X points on other purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Wells Fargo. "Wells Fargo Propel American Express Card Terms and Conditions." Accessed May 8, 2020. 

  2. Wells Fargo. "Wells Fargo Propel American Express Card Terms and Conditions." Accessed May 12, 2020.

  3. Wells Fargo. "Wells Fargo Propel American Express Card." Accessed May 12, 2020.

  4. J.D. Power. "Credit Card Rewards War Reaches Inflection Point as Competition Grows, J.D. Power Finds." Accessed May 8, 2020.