Wells Fargo Propel American Express® Card

Wells Fargo Propel American Express® Card Review

Wells Fargo Propel American Express® Card is no longer available to new customers on SuperMoney. Click here to compare Credit Cards and quickly find the best options for your needs.

This is a rewards card issued by Wells Fargo Bank. If you're wondering whether Wells Fargo Propel card is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 3 reward points per dollar spent.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of 20000 points after spending $1,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. Wells Fargo Propel American Express® Card has a variable purchase APR that ranges from 14.99% up to 26.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Wells Fargo Propel American Express® Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, purchase security, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Wells Fargo Propel card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 14.99% up to 26.99%. No annual fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Extended warranty on purchases. Free access to your credit score. Travel accident and travel assistance insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. Wells Fargo Propel American Express® Card reports to multiple credit bureaus.

You need good credit to qualify. You don't earn rewards on every purchase. Charges a 3% balance transfer fee

Wells Fargo Propel card FAQ

Does Wells Fargo Propel card have a cash back or rewards program?

Wells Fargo Propel card is a travel rewards card.

Wells Fargo Propel card Rewards

Minimum rewards rate	1x
Max rewards rate	3x
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	20000
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the Wells Fargo Propel card benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Wells Fargo Propel card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Wells Fargo Propel American Express® Card has a variable purchase APR that ranges from 14.99% up to 26.99%. The card has a variable balance transfer APR that ranges from 14.99% up to 26.99%. It also has a variable cash advance APR that ranges from 24.99% up to 26.99%.

What are the fees for Wells Fargo Propel card?

The following fees apply:

Wells Fargo Propel card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	0%
Returned Payment Fee	Starting at $ up to $37
Late Payment Fee	Starting at up to $37

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Wells Fargo Propel American Express® Card report your account activity to credit bureaus?

Yes, Wells Fargo Propel American Express® Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Wells Fargo Propel card

• Visit the Wells Fargo Propel card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.