How much are Wells Fargo Propel points worth? This question is about the Wells Fargo Propel American Express® card

How much are Wells Fargo Propel points worth?

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This question is about the Wells Fargo Propel American Express® card

Maria Adams, Credit Cards Moderator

@m_adams • 04/29/21 This answer was first published on 04/28/21 and it was last updated on 04/29/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Wells Fargo Propel points are worth 1 cent each when redeemed for cash back, statement credits, travel and most gift cards. There are also options to buy merchandise and digital downloads with Propel points on the Wells Fargo Rewards portal, but the prices on those items can vary and may give a value of less than 1 cent per point. Lastly, it’s possible to transfer points to another Wells Fargo card that uses Wells Fargo Rewards, at a 1:1 ratio. If transferred to a Wells Fargo Visa Signature® Card, the points can be worth up to 50% more (1.5 cents each) toward airfare.

To earn Wells Fargo Propel points, just use the card for purchases. You’ll earn 3 points / $1 spent on dining, travel, gas, rideshares, transit and streaming services. And you’ll get 1 point / $1 on all other purchases. There’s no limit to the number of points you can earn, and those points do not expire as long as your account remains open.

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People also ask

What is the Wells Fargo Propel credit score requirement?

The Wells Fargo Propel credit score requirement was at least 700, meaning you needed at least good credit to get this card. However Wells Fargo Propel isn’t available to new applicants anymore.

If you are looking for a rewards credit card, you can check out our editors’ latest picks to see which one suits your needs best.… read full answer

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What's the Wells Fargo Propel foreign transaction fee?

The Wells Fargo Propel foreign transaction fee is 0%. Wells Fargo Propel also comes with a $0 annual fee. With 0% foreign transaction fees and a $0 annual fee, you’ll pocket most of the rewards you earn with Wells Fargo Propel. It gives 1 - 3 points per $1, depending on the type of purchase.… read full answer

If you frequently travel abroad, though, Wells Fargo Propel may pose some limitations. American Express cards are not as widely accepted internationally as Visa or Mastercard credit cards.

Having that said, it is worth noting that Wells Fargo Propel is no longer available to new applicants. So, if you are looking to apply for a credit card now, there is a wide selection of cards with no foreign transaction fees to choose from.

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