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Wells Fargo Propel 365 American Express Card Review

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If you bank with Wells Fargo, you may have seen the advertisements for the Wells Fargo Propel 365 American Express Card. In our review of the Wells Fargo Propel 365 American Express Card, we’ll walk you through the fine print so that you can determine all of the pros and cons before you apply for the Wells Fargo Propel 365 American Express Card.

Wells Fargo Propel 365 American Express Card Review

The Wells Fargo Propel 365 American Express Card is one of the new travel rewards credit cards on the block which directly benefits existing customers of Wells Fargo banks. If you have a Wells Fargo checking account, you get an annual 10% bonus on the points you’ve accumulated up to that point. That bonus jumps to 25% if you have a PMA investment package from Wells Fargo under $250,000 and an incredible 50% bonus on rewards points for Wells Fargo customers with PMA packages worth over $250,000. The sign-up bonus for the Wells Fargo Propel 365 American Express Card includes 40,000 points for spending just $3,000 within the first three months of getting your card. Cardholders get 3 points for every dollar spent on airline, 2 points for every dollar spent on hotels, and one point for every dollar spent on anything else, making this an ideal card for travel or just everyday use. The annual fee with the Wells Fargo Propel 365 American Express Card is $0 in the first year, but $175 every year after that, which is quite high.

Points earned with the Wells Fargo Propel 365 American Express Card can be redeemed on travel packages, gifts, merchandise, and even cash back through the WellsFargo.com website. The Wells Fargo Propel 365 American Express Card also has no foreign transaction fee

Overall, the Wells Fargo Propel 365 American Express Card is a great travel rewards credit card, however, the $175 annual fee after the first 12 months is a bit of a drawback for most people, where others are either $99 or even no annual fee at all. If you are a Wells Fargo customer, however, especially those with high earning PMA investment packages, those annual reward point bonuses can be quite appealing, so take that into consideration when applying for the Wells Fargo Propel 365 American Express Card.

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