Wells Fargo Propel American Express Review

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.

Yes, the Wells Fargo Propel American Express® card is metal. The card weighs 10 grams, which is about twice as heavy as a regular plastic credit card. However, it is worth noting that this card is no longer available to new applicants. 

Alternative Credit Card Option

If you're looking for a similar credit card, you should consider getting the U.S. Bank Altitude® Go Visa Signature® Card. Apart from being a metal card, U.S. Bank Altitude Go also offers an initial bonus of 20,000 points for spending $1,000 in the first 90 days. Plus, you can earn 4 points per $1 spent on takeout, food delivery and dining, 2 points per $1 spent at grocery stores, grocery delivery, streaming services and gas stations, 1 point per $1 spent on all other purchases. The card's annual fee is $0.

However, the U.S. Bank Altitude Go is not the only metal option out there. So, before getting a metal credit card, make sure it fits your individual needs and budget.

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 $350 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. 

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.

Your Wells Fargo Propel approval odds were best if you had a credit score of 700+. This means that you needed at least good credit to get this card. But Wells Fargo Propel is no longer available to new applicants.

However, there are several great alternatives on the market right now. You can check our editors' latest picks for the best rewards credit cards and see which one better suits your needs.

Just keep in mind that, apart from your credit score, issuers will also take into account various other factors while considering your application. Other major factors affecting the odds of approval include your credit history, your income, how much debt you have, and whether you've applied for other lines of credit recently.

Ultimately, remember that you can check your credit score for free on WalletHub and see where you stand.

The top Wells Fargo Propel benefits include $1,200 per year in cell phone insurance, reimbursement for damaged or stolen purchases, and $150,000 in travel accident insurance. The Wells Fargo Propel has a number of other perks, too, such as a $0 annual fee, 0% foreign transaction fees, and rewards of up to 3 points / $1 spent on purchases.

Here are the top Wells Fargo Propel benefits:

• Cell phone insurance

  Insures your cell phone up to $600 per claim and $1,200 per year, with a $25 deductible, when you pay your cell phone bill with the Wells Fargo Propel.

• Extended warranties

  Doubles the existing manufacturer's warranty on items you buy with the Wells Fargo Propel, adding up to a maximum of 12 months.

• Retail protection

  Covers up to $1,000 per claim and $50,000 per account, per year for items you buy with your card that are damaged or stolen within 90 days.

• Return protection

  Gives up to $300 per claim and $1,000 per account per year when you try to return a working, good-condition item you bought with a Wells Fargo Propel to a store and they won't accept it.

• Travel accident insurance

  Offers up to $150,000 per trip when you, your spouse, or your unmarried dependent children are in a serious accident on a trip paid for with the Wells Fargo Propel.

• Baggage insurance

  Gives up to $1,000 per person, per trip when you, your spouse, or your unmarried dependent children have your bags lost or stolen while on a common carrier.

• Rental car insurance

  Provides up to $50,000 in reimbursement for rental cars paid for with the Wells Fargo Propel that are damaged or stolen.

• Initial bonus

  This card's initial bonus used to be 20,000 points for spending $1,000 within the first 3 months.

Exclusions and coverage limits apply to many of these benefits, so make sure to check your Wells Fargo Propel's guide to benefits for more details on each type of insurance.

The Wells Fargo Propel credit limit was usually around $15,000 to start, according to anecdotal reports. This credit card, though, is no longer available to new applicants. However, there are several credit cards that offer high credit limits.

Here are some of the best high limit credit cards:

The exact credit limit you get depends on various factors, with the most important being your history and income. Keep in mind, though, that no matter what credit limit you get on your credit card, it's not a good idea to max out the card. Instead, you should aim to use less than 30 percent of your credit limit each month.

The Wells Fargo Propel bonus was 20,000 points for spending $1,000 within 3 months of account opening. However, this offer is no longer available as the card has been discontinued in 2021. Wells Fargo Propel was designed as an everyday spending card that also catered well to travel, as it earned 3 points / $1 on flights, hotels, car rentals, gas stations, dining, streaming services and more.

Alternative Credit Card Option for the Wells Fargo Propel

If you are after a Wells Fargo credit card that offers ongoing rewards on purchases, you should consider getting the Wells Fargo Active Cash® Card. The card offers 2% cash rewards and an initial bonus of $200 cash rewards after spending $1,000 in the first 3 months. The card also features a $0 annual fee and an introductory APR of 0% for 15 months from account opening on both purchases and qualifying balance transfers. The regular APR is 17.99% - 27.99% Variable, based on creditworthiness.

Wells Fargo has a credit card lineup that caters to a wide range of needs, so make sure to check out our editors' picks for the best Wells Fargo credit cards. If you're not tied to Wells Fargo as an issuer and prefer considerable bonuses, take a look at the best credit card sign-up bonuses.

Yes, the Wells Fargo Propel credit card does have rental car insurance. This policy provides coverage against damage and theft of a rental vehicle. The car rental must have been charged entirely to the Wells Fargo Propel in order to be eligible. Rentals are covered for up to 31 consecutive days in the U.S. and Canada only. 

Here's more info about the Wells Fargo Propel rental car insurance:

• Overview: The rental car insurance provides reimbursement for repair or replacement of a rental vehicle as a result of damage or loss anywhere in the United States and Canada. Reimbursement will be on an Actual Cash Value basis. 
• Eligibility: Coverage applies when the entire rental fee is charged to your Wells Fargo Propel.
• How much is covered: The Wells Fargo Propel rental car insurance offers up to $50,000 per rental in reimbursement for damage or theft of a rental vehicle.
• What is not covered: Excluded items include trucks, RVs, mini-buses, vehicles valued over $50,000, and antique cars (over 25 years old or not manufactured in the last 10 years). In addition, certain situations are not eligible for coverage. Those include driving while intoxicated, damage due to war, or regular wear and tear. Check your card's guide to benefits for full details.
• How to file a claim: To start the Wells Fargo Propel rental car insurance claims process, first notify the Claim Administrator of your intent to file a claim by calling (855) 830-3727. They will send you a claim form, which you must return within 45 days of the incident, along with secondary information such as a copy of your credit card statement that shows the rental, police reports, and the automobile rental agreement. 

Keep in mind that Wells Fargo Propel rental car insurance is secondary. So, if your existing auto insurance policy covers rental cars, you will have to go through that first. After that, the Wells Fargo Propel's coverage may provide additional reimbursement. 

Wells Fargo Propel's streaming rewards are 3 points / $1 spent on most popular streaming services, both for video and music. Some of the major services included in the bonus category are Apple Music and TV, Amazon Music, Prime Video, Netflix, ESPN+, Disney+, Kindle Unlimited, Hulu, and Spotify. There are 18 total eligible services. These perks, though, are available only to existing cardholders, as this card is no longer available to new applicants.

There is also a bit of fine print when it comes to the Wells Fargo Propel streaming bonus category. If your streaming service is billed to your card bundled with another service or membership, or if it's provided by a third party rather than the streaming service company, the purchase may not be eligible for bonus points. It's also good to note that Wells Fargo Propel doesn't just offer bonus points on streaming services. It also offers 3 points / $1 spent on gas, travel, dining, transit and rideshare services. All other purchases give you 1 point / $1 spent.   

Yes, the Wells Fargo Propel does have travel insurance benefits. The best travel-related perks the card offers are travel accident insurance and rental car protection. To be eligible to file a travel insurance claim, you'll need to pay for your trip using your Wells Fargo Propel. 

Types of Wells Fargo Propel travel insurance: 

• Travel accident insurance: This insurance covers cardholders in the event of death or dismemberment during the trip or during transit.
• Emergency Assistance: Provides referrals for medical and legal assistance, arranges for emergency transportation, and helps with travel-oriented information. Service is available 24 hours a day, 365 days a year.  
• Lost/damaged baggage insurance: If your luggage is lost or stolen, you can get reimbursed for the contents of the luggage up to $1,000.
• Rental car insurance: This benefit covers the cardholder for damage to the rental vehicle that results from collision or theft.
• Roadside assistance: 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, fuel delivery, and lockout assistance (no key replacement). There is a $59.95 fee per service call.

Exclusions and coverage limits apply to many of these benefits, so make sure to check your Wells Fargo Propel's guide to benefits for more details on each type of insurance.