Thursday 18 Sep 2014

NEW Wells Fargo Propel World & Propel 365 American Express cards! 40,000 points & 20,000 point sign-up bonuses.

NEW Wells Fargo 40k/$3k-3mo Propel World & 20k/$3k-3mo Propel 365 Amex

Surprised this hasn’t posted on more blogs yet… Hat tip to Saverocity for posting yesterday.

Wells Fargo has launched their 2 new cards with American Express. A few people have reported on MyFico forums some difficulty in getting approved without a banking relationship, but YMMV. There is a checking account sign-up bonus out there if you can be patient and want to have a banking relationship first.

Propel World looks to be going after the Amex Gold audience w/the 3x airlines & $100 airline credit. I like the Propel World card! I’m considering applying in a couple months after opening a checking account.

Propel World
40k points after $3k spend in 3 mo. $0 Ann fee 1st year, $175 after.
https://www.wellsfargo.com/credit-cards/propelworld/

  • No foreign currency conversion fees
  • Up to $100 per year in reimbursements toward incidental airline charges
  • Complimentary room upgrades and more from the Luxury Hotel Program
  • 3X points on Airlines, 2X points on Hotels, 1X point on all other net purchases (purchases minus returns/credits)

Propel 365
20k points after $3k spend in 3 mo. $0 Ann fee 1st year, $45 after.
https://www.wellsfargo.com/credit-cards/propel365/

  • 3X points at U.S. Gas Stations, 2X points at U.S. Restaurants, and 1X point on all other net purchases (purchases minus returns/credits).
  • You will earn an annual bonus of 10%, 25% or 50% more on non-bonus rewards points if you maintain a qualifying consumer Wells Fargo Checking or Savings Account, or PMA® Package.
  • Your points do not expire, and there is no cap on how much you can earn.

REWARDS:

From looking at the rewards site, points can be cashed out at 1cpp for gift cards or cash as long as you redeem at least $25. Smaller increments for lower value.

Scott from Hack My Trip has a post knocking the program awhile ago b/c points expire in 5 years regardless of usage, but that his dad could redeem for travel at 1.75cpp w/minimum redemption of 25,000 points.http://hackmytrip.com/2013/01/decept…ewards-points/

If that’s still true, 43,000 sign-up bonus points are worth $752.50 in travel. I couldn’t search the rewards site for travel options without an account though :/ Anybody know?

 

4 Comments

  1. I'm going to sign up for this card, I only really want the cash sign up bonus so it'll be interesting to see how the travel stuff works.

  2. Let us know what happens!

  3. I had to send in pay stubs, but after that I was approved. Pretty easy process, but took a bit longer than instant approval.

  4. Doctor Of Credit love it! I'm super app heavy right now and just snagged another Sapphire Preferred (2nd) & Ink Bold (4th ink card). The limited time offers keep throwing off my schedule ;)
    Gotta wait on this one a bit

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