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There’s a lot to like about the Wells Fargo Propel American Express® Card: 3X points (worth 3% cash back) in several cool categories, travel and purchase protections, and NO annual fee. Plus, a sign-up bonus of 30,000 bonus points (worth $300 in cash back, travel, gift cards, or other rewards) after completing minimum spending requirements.
For non-bonus categories, you’ll earn 1 point per $1 spent (1% cash back). This card is best for folks who prefer cash back rewards, as opposed to miles or points for award travel.
Or those looking for built-in cell phone insurance! If you like all of the above, the Wells Fargo Propel American Express Card is worth it!
So does the Wells Fargo Propel AMEX deserve a spot in your wallet?
Is the Wells Fargo Propel American Express Card Worth It?
Apply Here: Wells Fargo Propel American Express® Card
With the Wells Fargo Propel AMEX, you’ll earn 30,000 bonus points (worth $300 in cash back, travel, gift cards, or other rewards) after spending $3,000 on purchases within the first 3 months of card opening.
And you’ll earn:
- 3 points per $1 spent on travel purchases (flights, hotels, homestays, and car rentals)
- 3 points per $1 spent on eating out and ordering in
- 3 points per $1 spent on gas stations, rideshares, and transit
- 3 points per $1 spent on eligible streaming services, like Apple Music, Hulu, and Netflix
- 1 point per $1 for all other purchases
How cool is that? For most folks with an active lifestyle, these categories represent the bulk of daily spending.
Because you can earn 3% cash back on most travel, and getting around town (public transport, rideshares, and at gas stations). When it’s time to chill, you’ll also earn 3% cash back on eating out or ordering delivery, and on most streaming music and movie services.
And you’ll get:
- Built-in cell phone insurance when you use the card to pay your monthly cell phone bill
- Purchase & return protection
- Extended warranty
- Lost or damaged luggage reimbursement
- Wells Fargo Propel Amex Offers and presale access
Plus, the card has NO annual fee, so it’s free to keep forever. And really, there’s not much down side here.
I recommend having at least one card without an annual fee to increase the overall age of all your credit accounts – which could boost your credit score down the road.
Here’s our full review of the Wells Fargo Propel AMEX with more details.
Should You Apply for the Wells Fargo Propel AMEX?
As appealing as this card is because of no annual fees and a welcome bonus worth $300, it’s not the best option for miles & points beginners.
We recommend scooping up the Chase cards you want first, because they have the strictest rules. And opening this card will count against your Chase 5/24 status. Afterward, you can move on to other banks, including Wells Fargo.
This approach works if you’re ultimately looking to earn rewards for cheap travel. Because miles & points can be extremely valuable when you redeem for award trips. Everyone on the MMS team has had several “trips of a lifetime” thanks to this strategy.
That said, if you prefer earning cash back and prefer easy, predictable rewards, the Wells Fargo Propel AMEX has everything we look for in a card: A strong welcome offer, excellent bonus categories, and useful ongoing benefits.
The only word of caution: Wells Fargo is a conservative bank and usually wants you to have a prior banking relationship with them before opening their credit cards. And while they’ve agreed to be more lenient with this card, you might have a hard time gaining approval if you’ve opened lots of other new cards recently.
But if it’s been a while, and you want to try out this card for everyday spending, definitely submit an application!
The Wells Fargo Propel AMEX is a worthwhile card if you like the:
- Welcome offer worth $300 after meeting minimum spending requirements
- Excellent 3% cash back categories, including dining, streaming services, transportation, and travel
- Ongoing perks, like cell phone insurance and purchase protection
- Annual fee, which is $0
We at MMS tend to prefer cards that earn miles & points for award travel. But if you like to earn cash instead, the Wells Fargo Propel AMEX is a solid card worth opening, using regularly, and keeping for the long haul.
What do you think of this card? Are you considering it?