Wells Fargo Propel points are worth 1 cent each when redeemed for cash back, statement credits, travel, and most gift cards. Points used to make purchases at participating merchants are worth less than 1 cent per point. You can also transfer points to another Wells Fargo card that earns Wells Fargo rewards, at a 1:1 ratio.
To earn Wells Fargo Propel points, just use the card for purchases. You’ll earn 1 - 3 points per $1 spent on purchases. There’s no limit to the number of points you can earn. Plus, points do not expire as long as your account remains open.
Wells Fargo points are worth 1.03 cents per point, on average. The value of Wells Fargo points depends on which Wells Fargo credit card you have and how you choose to redeem the points. For example, points from Wells Fargo are worth up to 1.13 cents each when redeemed for travel through the Wells Fargo Rewards program, and they are worth 1 cent each when redeemed for cash back. … read full answer
Tips for Maximizing the Value of Wells Fargo Points
Redeem Points for travel.
Wells Fargo points are worth the most when redeemed for travel.
Redeem Wells Fargo points regularly.
Wells Fargo points expire after 5 years they’re earned, so make sure to redeem yours more often than that.
Keep your account in good standing.
If Wells Fargo closes your account because of a failure to pay the bill or fraudulent activity, you’ll lose any unredeemed points you have saved. Similarly, if your account is open but delinquent, you won’t be able to earn or redeem points until you catch up on payments.
Redeem before closing your account.
Any points you don’t redeem before closing your account will be lost.
The Wells Fargo Propel credit score requirement was at least 700. This means good credit or better was required for approval. However, the Wells Fargo Propel is no longer available to new applicants.
Alternative Credit Card Option
If you are looking for a similar credit card, you should consider getting the Blue Cash Preferred® Card from American Express. This card offers $250 statement credit for spending $3,000 in the first 6 months. Plus, you can earn 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits.… read full answer
Feel free to also check out our editors’ latest picks for the best rewards credit cards on the market to see which one suits your needs.
The Wells Fargo Propel foreign transaction fee is 0%. The card also comes with a $0 annual fee. So, 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. However, the Wells Fargo Propel is no longer available to new applicants.
You should also note that if you frequently travel abroad, Wells Fargo Propel may pose some limitations. American Express cards are not as widely accepted internationally as … read full answerVisa or Mastercard credit cards.
Alternative Credit Card Options with No Foreign Transaction Fees
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