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

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/
https://www.merchantaccounthighrisk.com/travel_agency_merchant_accounts.html

• 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/
http://www.travelagencymerchantaccount.com/

• 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?