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Wells Fargo Propel American Express® Card: Should You Apply?

Wells Fargo Propel American Express® Card: Should You Apply?

A good credit card for restaurant purchases and any spending at gas stations.
Editor's Rating: 4.5/5.0

Editor's Rating

4.5/5.0

The Wells Fargo Propel American Express® Card is worth applying for if you spend a lot of money on dining out, at gas stations or on travel. We consider this card to be one of the best no annual fee cards available due to the high number of categories where you can earn more than 1x point for every dollar you spend. Wells Fargo sweetens the pot by offering a sign-up bonus that currently has a $300 cash redemption value. There aren't many no annual fee cards available that can stack up to the rewards offered by this card.

Review: Our Thoughts On The Wells Fargo Propel American Express® Card

The Wells Fargo Propel American Express® Card is one of the bank's better credit cards. It provides excellent rewards on gas station and restaurant spending (a 3% rewards rate on both). Very few cards with no annual fee can give you higher returns on either of those two categories. What makes this card even better is the fact that it also earns you a 3% rewards rate on travel purchases, including flights and hotels.

Overall, the biggest advantage that this card has over its competitors is that it offers a 3% rewards rate for such a broad variety of purchases. For instance, if you're filling up your tank at a gas station, you'll earn a 3% rewards rate. If you're buying airline tickets for a vacation, you'll also earn a 3% rewards rate. What makes the card even better is that the 3x point categories include car rentals. Many other no annual fee travel cards limit 'travel' to only be inclusive of hotel and flight purchases. The card's bonus of 30,000 points also isn't that difficult to achieve. Assuming you spend just $1,000 per month on the card for three months, you'll hit the minimum spending requirement.

Bottom Line: The Wells Fargo Propel American Express® Card is one of the best no annual fee credit cards available. If you'd like to read about how the card stacks up against other cards, we recommend you read our comparison section below.

Wells Fargo Propel American Express® Card Benefits & Features

The Wells Fargo Propel American Express® Card gives users 3x points for eating out, ordering in, gas station purchases, rideshares, transit, travel purchases and on eligible streaming services. All other purchases earn just 1x point per dollar spent. Generally, one of these points is worth $0.01.

Wells Fargo reward points can be redeemed on a number of different things, including merchandise, gift cards, and charitable donations. You'll want to make sure your redemption is netting you a value of at least $0.01 per point to ensure you're making the most of your points.

Wells Fargo Propel American Express® Card
Annual Fee
$0
Purchase APR
14.49%-26.99% (Variable)
Credit Needed Excellent/Good
Details
  • New! Earn 30K bonus points when you spend $3,000 in purchases in the first 3 months – that's a $300 cash redemption value
  • Earn 3X points for eating out and ordering in
  • Earn 3X points for gas stations, rideshares and transit
  • Earn 3X points for travel including flights, hotels, homestays and car rentals
  • Earn 1X points on other purchases
  • $0 Annual Fee
  • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 14.49%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

How Does The Wells Fargo Propel American Express® Card Compare To Other Credit Cards?

We took a look at how the Wells Fargo Propel American Express® Card compared to some other options. Doing so gives better insight into a card’s total value, and can help you identify which credit card will be best suited for you.

Wells Fargo Propel American Express® Card vs Wells Fargo Propel 365 American Express® Card

Wells Fargo Propel 365 American Express® Card
This card is not available through ValuePenguin.
Wells Fargo Propel 365 American Express® Card
This card is not available through ValuePenguin.

The Wells Fargo Propel 365 American Express® Card is a premium version of the Wells Fargo Propel American Express® Card. It comes with a $45 annual fee that’s waived during the first year. Because it’s more expensive, it also comes loaded with extra features that may make it worthwhile for some.

Wells Fargo Propel American Express® Card vs Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express is another great everyday cash back card. However, instead of giving you rewards on restaurant dining, this card provides 6% cash back at U.S. supermarkets up to $6,000 per year in purchases (then 1%). Unlike the Wells Fargo Propel American Express® Card, the Blue Cash Preferred® Card from American Express comes with a $95 annual fee. It makes sense to pay the fee as long as you spend at least $1,600 annually at U.S. supermarkets.

Before applying, bear in mind that the Blue Cash Preferred® Card from American Express is subpar when it comes to restaurant purchases. It gives users just 1% cash back in this category, compared to the 3% rewards rate of the Wells Fargo Propel American Express® Card.

Wells Fargo Propel American Express® Card vs Costco Anywhere Visa® Card by Citi

The Costco Anywhere Visa® Card by Citi will give you better returns on gas spending. The Costco card provides users with 4% cash back at gas stations (up to $7,000 in purchases per year), and 3% on restaurant spending. Additionally, you’ll also get 3% back on eligible travel purchases. The better card between the two will depend on your specific spending habits.

The catch is that you need to be a Costco member to get the card –- the cost of which is $60 per year.

Compare The Wells Fargo Propel American Express® Card Based On How You Spend

The tool below allows you to quickly compare different credit card offers. Input your estimated monthly spending and the calculator will display the estimated rewards value per card.

Assumptions Based On Monthly Spend of: $1,430 Edit
General:
U.S. Gas Stations:
U.S. Supermarkets:
Airlines:
Hotel:
U.S. Restaurants:
Office:
Utilities:
Computing:
Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. All estimates are based on the spend assumptions entered above (which you can edit).

Bonus Value

The bonus field shows our estimate for the value of the card’s welcome bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool. All estimates are based on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards value is calculated by adding together the rewards earned from charging purchases to the card over two years and any welcome bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card and on the spend assumptions entered above (which you can edit).

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Wells Fargo Propel American Express® Card
$0 2.48%
$300
30K bonus points after you spend $3,000 in purchases in the first 3 months
$850
Graph Card More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 54,960 x $0.01 = $550
Bonuses
30,000 x $0.01 = $300
Total Net Estimated Rewards Through 24 Months 850

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0
APR 14.49%-26.99% (Variable)

Card Details

  • New! Earn 30K bonus points when you spend $3,000 in purchases in the first 3 months – that's a $300 cash redemption value
  • Earn 3X points for eating out and ordering in
  • Earn 3X points for gas stations, rideshares and transit
  • Earn 3X points for travel including flights, hotels, homestays and car rentals
  • Earn 1X points on other purchases
  • $0 Annual Fee
  • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 14.49%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
Costco Anywhere Visa® Card by Citi
$0* 1.74%
$0
$598
Graph Card Read Review More Details and Value Calculation

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 59,760 x $0.01 = $598
Total Net Estimated Rewards Through 24 Months 598

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0*
APR 17.24%* (Variable)

Card Details

  • Exclusively for Costco Members: Go Big with Cash Back Rewards
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership*
Blue Cash Everyday® Card from American Express
$0 2.04%
$150
Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
$700
Graph Card Read Review More Details and Value Calculation

Terms and Limitations Apply

Estimated Rewards Through 24 Months

Card Rewards Point Value Rewards Value
Spending Rewards 550 x $1 = $550
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 700

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $0
APR 14.99%-25.99% Variable
*Rates and Fees

Card Details

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.99% to 25.99%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees
Blue Cash Preferred® Card from American Express
$95 2.46%
$200
Get $200 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $200 back in the form of a statement credit.
$845
Graph Card Read Review More Details and Value Calculation

Terms and Limitations Apply

Estimated Rewards Through 24 Months

Card Spent Cash Back Rewards Value
Spending Rewards 835 x $1 = $835
Bonuses
0 x $1 = $200
Less Annual Fees -$190
Total Net Estimated Rewards Through 24 Months 845

*The value estimate is calculated using ValuePenguin.com rewards point value.

Annual Fee $95
APR 14.99%-25.99% Variable
*Rates and Fees

Card Details

  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations. 1% cash back on other purchases.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees

Comments and Questions

Opinions, analyses, reviews, or recommendations expressed here are the author's alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer's Affiliate Program. For a full list of our advertisers see our disclosure page

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Info about the following cards: Premier Rewards Gold Card from American Express, Delta Reserve® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Credit Card from American Express, The Amex EveryDay® Preferred Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Starwood Preferred Guest® American Express Luxury Card, and Amazon Business American Express Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred® Card points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products. For more information please see our Advertiser Disclosure.