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The Wells Fargo Propel American Express no-fee travel credit card works well for individuals who love eating out, travelling, and streaming. It’s one of the best cards for the amount of rewards, especially on a no-fee card. With 3x points on restaurants, travel, and streaming, there are few other cards that compete with it at the no-fee level.
The card also offers an introductory APR rate for 12 months. So if you need to transfer your balance from another card within the first 12 months, you still receive the introductory rate. By switching, you also receive an introductory bonus of 30,000 points if you spend $3,000 in the first three months. While the sign-up bonus may be less exciting, it still adds to a load of benefits received for no annual fee.
Especially if you aren’t interested in a card with an annual fee, the Wells Fargo Propel American Express card is a great option for earning a large amount of travel points. The main trade-off here is that you won’t enjoy some of the more traditional travel perks that come with a traditional premium card. You will miss out on perks like airport lounge access, travel transfer partners, and reimbursement for Global Entry or TSA Precheck.
If you don’t mind missing out on additional travel perks and you’re looking for lots of points, then there isn’t another card without an annual fee that offers as many benefits.
No annual fee
Introductory APR period
No foreign transaction fee
American Express accepted at fewer merchants than Visa or Mastercard
Requires good to excellent credit
Limited redemption for cash back
Lacks perks of traditional travel cards
Annual fee: None.Sign-up bonus: Receive a 30,000 point bonus offer if you spend $3,000 in the first three months of opening the account, around a $300 value.Interest rate: 0% introductory APR for the first 12 months followed by a variable APR rate of 7.74%-27.24%. This includes any balance transfers within the first 12 months.Foreign transaction fees: None.Rewards
No matter how you plan to redeem your points, your rewards are worth a fixed 1 cent each. While you can score better-than-average redemptions, you don’t need to go through an overly complicated rewards system or chart. Reward value is simple and easy to understand.
Points earned with Wells Fargo Propel card are redeemable with any airline at any date using the Go Far Rewards portal. Though other cards may place restrictions on redemption, cardholders can redeem when they want, and points don’t expire. Points can also be pooled between other Go Far Rewards customers so that cardholders can save up for joint trips or other purchases.
Also, cardholders can use a combination of points and their own funds to purchase flights. Points can be redeemed for other purchase categories, including:
Fargo Propel card are redeemable with any airline at any date using the Go Far Rewards portal. Though other cards may place restrictions on redemption, cardholders can redeem when they want, and points don’t expire. Points can also be pooled between other Go Far Rewards customers so that cardholders can save up for joint trips or other purchases.
The cash method deposits your point value into your account or provides a paper check. The statement credit option reduces your card account balance.Redemptions must be done in 2,500 point increments for each method, which provides a $25 value. To earn 2,500 points, cardholders would need to spend $834 at the 3x rate.
You can also pool your Go Far Rewards between Wells Fargo cards, and can benefit with the right card combination. For example, if you have the Wells Fargo Visa Signature Card, you can redeem airfare via its portal at a rate of 1.5 cents per point or 1.75 cents per point if you spent $50,000 a year or more on the Wells Fargo Visa Signature.
There is a lack of cash back options with this card. You can redeem for cash at the Wells Fargo ATM, but it has to be in $20/2,000 point increments. You can also redeem in $25/2,500 point increments online or by phone, but if you have less than 2,000 points you are unable to reach the redemption minimum.
There’s also a redemption minimum for purchasing airline tickets. You can’t just use what points are available and apply them to a flight you’re purchasing; you have to use a 2,500 minimum of points to apply.
The card lacks some of the perks that premium card members come to expect with travel credit cards. It doesn’t have an annual fee, but it also lacks Global Entry/TSA Precheck reimbursement, airport lounge access, and the ability to transfer rewards to hotel or airline partners. If you’re someone who needs reimbursement or the perks involved with longer flights, then this may automatically rule out Wells Fargo Propel as an option for you.
Unfortunately, the only way to redeem travel options is through the Go Far Rewards cardholder portal. The Go Far Rewards program requires more planning, takes longer than other redemption options, and doesn’t provide more value per point. There are no other rewards programs and transfer partners, so there’s no way to avoid using the portal or to get a greater value for the accumulated points. At least you can pool the points between the cards, and between travelers, but it the Go Far Rewards portal is a problem then it can’t be avoided.
Also, if you’re a frequent international traveler the card may be accepted in less places. While the card doesn’t charge international fees, American Express isn’t as widely accepted as Mastercard and Visa. If overseas travel is a primary use for the card, then it may not be the best choice.
While there are lots of rewards benefits to the card, especially for a card without an annual fee, a lot of pitfalls surround international travel. No reimbursement or provisions for lounges, minimum points needed to redeem for flights, and the fact that American Express is less accepted make the card an issue for individuals focused on international travel.
ts to the card, especially for a card without an annual fee, a lot of pitfalls surround international travel. No reimbursement or provisions for lounges, minimum points needed to redeem for flights, and the fact that American Express is less accepted make the card an issue for individuals focused on international travel.
The Wells Fargo Propel American Express card is great for people who love eating out, traveling (especially within the U.S.), and an uncomplicated redemption program. When points are worth 1 cent no matter how they’re redeemed, it makes it easy to decide how you want to apply them to purchases. The Wells Fargo Propel is a great everyday card with benefits that make it the highest-earning of any no-fee credit card on daily purchases.
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