Wells Fargo Propel American Express Card 2021 Review

Wells Fargo Propel American Express® Card is a reasonable choice for an all-purpose cashback credit card. This is due to the combination of no annual fee, a signup bonus worth $200, and 3x points on several major purchase categories.

Wells Fargo Propel AmEx Review

The Wells Fargo Propel Amex credit card offers a competitive yet simple rewards structure. It starts with 20,000 bonus points after spending $1,000 in the first three months.

These bonus points have a $200 cash redemption value. Beyond the bonus, you also earn 3x points in a number of categories and 1x points on all other purchases.

This article focuses on:

Wells Fargo Propel American Express Overview

The Wells Fargo Propel American Express® card has taken the best parts of almost every credit card category and bundled them up into one colossal piece of metal (not plastic!).

There aren’t too many cards out there that offer you a fantastic rewards program with multiple areas to earn, great redemption options, and a solid 0% for 12 months APR introductory offer on purchases and qualifying balance transfers, all for no annual fee.

Yet the Wells Fargo Propel American Express® card manages to wow on all of these levels. Take a gander at what you’re getting when you sign up.

Pros and Cons of Wells Fargo Propel AmEx


  • Points don’t expire
  • No blackout dates
  • No limit to the number of points you can earn
  • Redeem points for any travel purchase at a value of 1 cent each
  • Use points on travel, gift cards, cash, merchandise, and more
  • Transfer points to other Wells Fargo cards, including the Wells Fargo Visa Signature card, which offers a 50% travel redemption bonus


  • Flights must be redeemed through Go Far Rewards
  • Can’t transfer points to outside loyalty programs
  • Around 2,500 minimum points required for airline tickets

Wells Fargo Propel American Express® card Key Features

This card is a solid option for frequent flyers and cashback connoisseurs alike. Here are some of its highlights.

20,000 Sign-up Bonus Points

When you first get the card, you can earn 20,000 bonus rewards points after spending $1,000 on purchases within the first 3 months of your account opening. You can redeem that for a cash value of $200.

While this Wells Fargo Propel American Express® card offer could be a great way to boost your earnings with your new card, we don’t recommend spending more than you can afford — on any card offer — just to earn a sign-up bonus.

Earn 3x Points in Some Stand-out Categories

You’ll earn rewards points for your purchases in several spending categories.

  • Three points for every $1 you spend on purchases at restaurants (both dining out and ordering in)
  • Three points for every $1 you spend on gas stations, rideshares, and transit
  • Three points for every $1 you spend on flights, hotels, homestays, and car rentals
  • Three points for every $1 you spend on select streaming services, like Netflix, Hulu, Spotify Premium, and Apple Music
  • One point per $1 on all other purchases

That low rewards rate outside of your spending categories can be a bummer if you don’t spend a lot in the three-point categories. If that’s the case, there may be other rewards cards out there that are a better fit for you.

Flexible Redemption Options

If you’re not sure whether you want to travel or a cashback credit card, the Wells Fargo Propel American Express® card is a good compromise. Its flexibility allows cardholders to redeem their points for …

  • Cashback
  • Charitable donations
  • Digital rewards (music, e-books, games, audiobooks)
  • Merchandise
  • Physical and electronic gift cards
  • Travel

A drawback of opting for the cash redemption option is that you can only redeem in $20 increments at Wells Fargo ATMs or in $25 increments online or over the phone. So if you have, say, $35 worth of rewards, you can’t access the full amount all at once.

Also, it’s a good idea to check the redemption value for each option to make sure you’re getting the most value out of your points.

Intro APR

If you’re looking to pay for a vacation or other large purchase, or you need to pay off some high-interest credit card debt, this card has your back.

You’ll get an intro 0% APR on both purchases and qualifying balance transfers for 12 months from account opening. But there are a few things to keep in mind.

  • After the intro offer period, the regular variable purchase and balance transfer APR will be somewhere in the range of 15.49% – 27.49%.
  • In order to take advantage of the intro APR for balance transfers, you’ll need to complete your transfer during the first 120 days that your account is open.
  • There’s an intro balance transfer fee of 3% (minimum $5) for each balance transferred in the first 120 days that your account is open. After that, the fee goes up to 5% (minimum $5) for each balance you transfer.

Be sure to pay off your transferred balance in full before the intro APR promotion is over. And pay any purchase balance in full and on time each month.

Because regardless of which variable APR you qualify for after the intro period has ended, being charged interest can cancel out the value of the rewards you’ll get with the card.

Is the Card Good for You?

Wells Fargo Propel AmEx Review

The Wells Fargo Propel American Express Credit Card is a good choice for people looking for rewards points in a variety of categories.

With no annual fee, a generous sign-up bonus, and 3X points for everything from food to streaming services, this credit card is ideal for generalists.

If you want to earn rewards in a specific category such as travel or gas there are more generous options available.

Read Also:


1. When can I sign up and get the 20,000 bonus points?

Right now. The application is live and you can find the link here. You’ll earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months.

2. Who’s eligible for the 20,000-point welcome bonus?

Wells Fargo has a bit of a unique rule regarding bonuses. You can only earn one bonus across all Wells Fargo cards every 15 months, so as long as you haven’t received any Wells Fargo bonuses in the last 15 months, you’ll be eligible.

3. How many points does the Propel earn?

One of the biggest highlights of the new Propel Amex is its expanded bonus categories. You’ll earn 3X points per dollar on travel, dining (eating out and ordering in), gas stations and popular streaming services.

4. What’s the annual fee?

The Propel Amex has no annual fee, which means you can keep the card open indefinitely to build credit history. It also means you can try this card out risk-free even if you’re not 100% sure if it’s right for you long term.

5. Is the Amex Wells Fargo Propel card made of metal?

Yes. The back of the Propel credit card says “This card contains metal, do not shred.”

Wells Fargo has made the Propel a serious competitor among no-annual-fee credit cards. I’m excited to see a rewards card with no annual fee and options for redeeming rewards that are both easy and forward-thinking.

With its simple yet rewarding bonus categories (including two spending areas you won’t find on many other cards) and cellphone protection, the Wells Fargo Propel American Express Card offers solid value.

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