Sign-up Bonus, Perks, and More

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We’re targeted right here on the rewards and perks that include every card. These playing cards will not be price it if you happen to’re paying curiosity or late charges. When utilizing a bank card, it is vital to pay your stability in full every month, make funds on time, and solely spend what you may afford to pay.

Assessment: Is the Wells Fargo Propel the fitting card for you?

In case you are in search of a priceless rewards bank card with no annual payment, the Wells Fargo Propel American Specific® card needs to be included in your search.

Most bank cards with any good advantages to talk of cost an annual payment upwards of $95, however the Wells Fargo Propel American Specific® card is a notable exception that rule. 

You may earn 3 factors per greenback in a number of prime spending classes, together with eating, touring, and in style

streaming

companies, and also you get a strong welcome bonus of 20,000 factors (price $200) after you spend $1,000 within the first three months from account opening. 

Whereas the Wells Fargo Propel American Specific® card earns factors, you may redeem them for 1 cent apiece for money again, so it is thought of a cash-back rewards card. And in contrast to most different cash-back playing cards, the Propel card would not cost a overseas transaction payment. 

For those who want some further time to repay a big buy, you might discover the cardboard’s 0% intro APR on purchases and stability transfers for 12 months from account opening (then a 15.49% – 25.49% Variable) useful. Nevertheless, be sure to’re in a position to repay any purchases or stability transfers by the 12-month mark, so you may keep away from getting hit with excessive curiosity charges.

The cardboard additionally affords cellphone safety, so you’ve some actual perks past the flexibility to earn bonus factors on a great chunk of your on a regular basis spending.

Backside line: The Wells Fargo Propel American Specific® card has a number of the most beneficiant bonus classes amongst cash-back playing cards, together with most journey purchases, in style streaming companies, and extra. It has no annual payment and no overseas transaction payment, and it even contains cellphone safety and an intro APR provide. General, it is an amazing card for anybody trying to earn robust rewards with out paying an annual payment.

Wells Fargo Propel versus different cash-back playing cards 

*earn 3% again on as much as $6,000 spent at U.S. supermarkets annually, then 1%

Utilizing rewards

With the Wells Fargo Propel American Specific® card, you may redeem factors for money again or air journey via the Go Far Rewards program. Every level is price a penny — that is commonplace throughout all areas of redemption, together with journey, reward playing cards, charity donations, and money again.

There is not any restrict to the factors you may earn, and factors do not expire so long as your account stays open. An amazing perk is that when it comes time to redeem your factors, there aren’t any blackout dates on air journey via Go Far Rewards.

For many who love discerning award charts to see what redemption supplies the perfect worth, this card will not feed your starvation. On the flip aspect, if you happen to like bank cards with easy award charts and simple redemptions, the Propel card is for you. If in case you have multiple Wells Fargo bank card, you may pool your Go Far Rewards, incomes you extra factors in a shorter period of time.

Wells Fargo Propel card options

As a no-annual-fee bank card, the Wells Fargo Propel American Specific® card would not include a lot of fancy perks like airport lounge entry and annual assertion credit. Nevertheless, it does provide some surprisingly beneficiant advantages.

• Intro APR provide — The Wells Fargo Propel American Specific® card enables you to finance purchases and get some further time to pay down a stability, with 0% intro APR for 12 months from account opening. This provide will be helpful if you happen to want some further time to repay your stability, however the APR jumps to 14.49% to 24.99% variable after the provide ends, so it’s worthwhile to be sure to can meet the 12-month cutoff to keep away from racking up further costs.
• Cellphone safety — This profit supplies as much as $600 in safety towards harm or theft (topic to $25 deductible). So long as you pay your month-to-month invoice with the Propel, it is possible for you to to reap the benefits of the cellphone safety profit. 
• Money again with My Wells Fargo Offers — Wells Fargo just lately launched this program, which affords cardholders offers for money again at particular retailers resembling Starbucks and Sew Repair. You may must activate the affords in your account earlier than you redeem them, and it’s worthwhile to pay with the Wells Fargo card related to the deal.
• American Specific presales — The Wells Fargo Propel American Specific® card is an Amex card, so it comes with entry to Amex occasion presales.

Even if you happen to do not financial institution with Wells Fargo, you’re nonetheless eligible for the Wells Fargo Propel American Specific® card.Whereas not a profit per se, it is good to have the pliability of utilizing a card exterior of your individual financial institution.

Wells Fargo Propel card prices and charges

There is not any annual payment and no overseas transaction payment on the Wells Fargo Propel American Specific® card, however there are another charges to concentrate on — all of which will be prevented by paying your invoice on time and in full every month.

• APR on purchases after the intro provide ends: 14.49% to 24.99% variable
• Money advances: There’s an APR of 23.99% to 25.99%, and a 5% payment ($10 minimal)
• Late fee payment: As much as $37
• Returned fee payment: As much as $37