Wells Fargo Propel American Express Card Review: Earn Points on Travel, Redeem for Anything [2020]

Looking for a free card that earns you points on travel? Check out all the perks you’ll get with the Wells Fargo Propel American Express Card.
Last updated Sep 23, 2020 | By Larissa Runkle

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The Wells Fargo Propel American Express Card packs a lot of perks for a card with a $0 annual fee. If you’re a frequent traveler of any kind (cross country or international), this card might spark your interest with its wide variety of spending categories in which you can earn bonus points.

Anything from gas to Airbnb or even campgrounds (and of course, plane tickets and hotels) will earn you major points. Earn 20,000 points when you spend $1,000 within the first 3 months with Wells Fargo's generous welcome bonus and enjoy a 0% intro APR for the first 12 months.

Here's what you need to know about this travel rewards card.

An Amazing Free Card for Travelers

Wells Fargo Propel American Express Card

Wells Fargo Propel American Express Card

Wells Fargo Propel American Express Card

Benefits

  • 3X points on several popular categories
  • 0% intro APR on purchases and balance transfers
  • No foreign transaction or currency conversion fees
  • Terms apply

Drawbacks

  • American Express cards aren’t as widely accepted as Visa or Mastercard
  • Extra bonus points do not apply to grocery store purchases

Jump To

Who should get the Wells Fargo Propel American Express Card?

The Wells Fargo Propel American Express Card is best for someone with good to excellent credit who can take full advantage of the bonus points by frequently using it at restaurants or for flights booked through an airline. Because there’s no annual fee involved, it’s also a good card for the casual user — even if it isn’t your only card or day-to-day card.

If you don’t travel enough to get the most out of the rewards points, you’re probably better off going with a different card — one that gives you more rewards for daily expenses like groceries.

Card basics

Card type Travel
Credit card issuer American Express
Annual fee $0
Welcome bonus Earn 20,000 points when you spend $1,000 within the first 3 months
Reward rate 3X points on eligible dining, transportation, travel, and streaming service purchases; and 1X points on other purchases
Recommended credit score Excellent, Good
Intro APR 0%
Foreign transaction fee None

Wells Fargo Propel American Express Card benefits and perks

  • Significant welcome bonus: You can earn 20,000 points when you spend $1,000 within the first 3 months of account opening. 20,000 bonus points isn’t a bad welcome bonus for a card with a $0 annual fee.
  • Earn up to 3X points: Cardholders can earn 3X points on eligible dining, transportation, travel, and streaming service purchases; and 1X points on other purchases. This all-encompassing travel category which includes hotels, homestays (including Airbnb), gas stations, and even Uber rideshares is nice for someone who hits the road frequently, whether by car or plane.
  • No foreign transaction fees: Anyone who travels abroad frequently will know how important it is to find a credit card with no foreign transaction fees. No one wants to get stuck calculating just how many fees they’ll incur while using foreign ATMs or swiping their card overseas. Although this feature is pretty standard for most travel credit cards, it’s still an important one to have.
  • Lost luggage reimbursement: If you use this card to book your flights, you'll also receive a lost luggage reimbursement benefit of up to $1,000. Nobody likes to lose their luggage, but this can make the loss a little easier to take.
  • No annual fee: While some cards with annual fees might offer more rewards than those without, this card does a good job of offering some of those benefits without having a hefty annual price tag.
  • 0% introductory APR for the first 12 months: This benefit can help you take full advantage of the welcome bonus by giving you 12 months interest-free to spend the $3,000. Just be sure to pay down your balance in the first year before the standard interest rate kicks in.
  • Car rental coverage: This card offers secondary insurance coverage on car rentals in North America.
  • Roadside assistance: If your car breaks down or you need a spare tire, this card has you covered with emergency roadside assistance.
  • Cell phone protection: Your cell phone is protected against damage and theft up to $600 when you use your Wells Fargo Propel Card to pay your cell phone bill.

Drawbacks to the Wells Fargo Propel American Express Card

  • Not accepted everywhere: While American Express cards are accepted by 99% of U.S. merchants, they aren’t as widely accepted as Visa or Mastercard internationally. If you plan to use this card while traveling abroad, check the Amex Merchant Map before your trip to ensure your card is accepted in your destination country. 
  • Limited bonus categories: While many cards will earn you extra bonus points at the grocery store, this one does not.
  • No luxury travel perks: If perks like free TSA PreCheck and Priority Pass access are important to you, another card may be a better option.

Earning and redeeming Go Far Rewards points

Potential earnings in years one and two

Here's a look at how your points can add up with this Wells Fargo credit card. To calculate these values, we used a point valuation of $0.01.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $779

Year two earnings: $579

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome bonus, and the annual fee.

Best ways to earn

This card lets you earn your Go Far Rewards points in several different ways. You can earn 3X points on eligible dining, transportation, travel, and streaming service purchases; and 1X points on other purchases. Not only can you earn bonus points through standard means of travel, but you can also snag some points by using this card at campgrounds; for cruise line tickets; at highway tolls, parking lots, and garages; and even at fast food joints or bars.

Using your card to pay for eligible subscriptions to popular streaming services will also earn you bonus points. As of May 2020, eligible streaming services include Netflix, Hulu, Pandora, Apple Music, Spotify Premium, and SiriusXM.

Categories Rewards rate
Eligible dining, transportation, travel, and streaming services 3X
Other purchases 1X

Maximizing your redemptions

When it comes time to redeem your points, the Wells Fargo Propel won’t limit you the way others might. You can redeem your points for travel, cash back, digital downloads, gift cards, or other merchandise.

If you have family or friends using Wells Fargo cards, you can even pool your rewards using Wells Fargo’s Go Far Rewards program. And if you also happen to have the Wells Fargo Visa Signature Card, your Go Far Rewards will be worth 50% more when redeemed on airfare.

Wells Fargo Propel American Express Card FAQs

What credit score is needed for the Wells Fargo Propel card?

To be approved for the Wells Fargo Propel card, you’ll likely need a credit score that falls between good and excellent. According to FICO, a good credit score falls within the 670-739 range.

Is the Wells Fargo Propel American Express card metal?

The Wells Fargo Propel card has a metal core, but it’s not a fully metal card.

How do I redeem my Wells Fargo Propel rewards?

You can redeem your points online through the Go Far Rewards portal or over the phone with Wells Fargo. Redemptions can either be made on a one-time basis (which can also be done at a Wells Fargo ATM) or automatically (once they reach a certain amount).

Does the Wells Fargo Propel have foreign transaction fees?

No, the Wells Fargo Propel American Express Card doesn’t have foreign transaction fees. You can rest assured you won't be paying any foreign transaction fees when you travel abroad with this card.

How much are Wells Fargo points worth?

Each Wells Fargo point is worth $0.01. While you may get a higher point value with a premium travel card, this card offers solid value and a $0 annual fee. 

Do Wells Fargo Propel points expire?

No, your points will not expire unless you close your Wells Fargo Propel card.

Other cards to consider

While the Wells Fargo Propel American Express Card is a great option for frequent travelers who prefer cards with no annual fee, there may be other cards for you to consider.

The Capital One® Venture® Rewards Credit Card offers a slightly-higher early spend bonus (that comes in at a $500 value), but it also has a $95 annual fee. You'll earn 2X miles on every purchase, every day.

The Chase Sapphire Preferred Card also offers a higher sign-up bonus (at a $1,000 value), but it comes with a $95 annual fee straight out of the gate. However, you can earn 5X on Lyft rides, 2X points on eligible dining and travel, and 1X points per $1 on all other eligible purchases. With this card, you also get access to the Chase Ultimate Rewards program, which is one of the best and most flexible credit card rewards programs out there.

An Amazing Free Card for Travelers

Wells Fargo Propel American Express Card

Wells Fargo Propel American Express Card

Wells Fargo Propel American Express Card

Special Offer

Earn 20,000 points when you spend $1,000 within the first 3 months

See how these cards compare:

Capital One® Venture® Rewards Credit Card
Capital One® Venture® Rewards Credit Card
  • 100,000 bonus mile welcome offer
  • 2X miles on every purchase, every day
  • Up to $100 Global Entry or TSA PreCheck fee credit
  • No foreign transaction fees
Chase Sapphire Preferred
Chase Sapphire Preferred
  • 80,000 point sign-up bonus
  • 5X points on select streaming services (up to $1,500) until September 30, 2020
  • 3X points with Instacart (up to $3,000), and at gas stations (up to $1,500) until September 30, 2020
  • 2X points on eligible dining and travel purchases
  • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
  • Premium travel protection benefits