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.
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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