Earn Up to 3 Points per $1 With This No Annual Fee Card (and How to Receive a Value of Up to 4.5 Cents per Dollar Spent!)

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The Wells Fargo Propel American Express® Card is available now!  And it’s got a welcome bonus worth $300 towards things like travel, cash back, and gift cards.

You can apply for the AMEX Wells Fargo Propel card and earn 30,000-point bonus after spending $3,000 on purchases within the first 3 months of account opening.  That’s pretty good for a card with no annual fee!

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Here’s what you need to know.

Wells Fargo Propel American Express® Card Is Back!

The Wells Fargo Propel American Express Card will come with 30,000 bonus points (worth $300 in cash back, travel, gift cards, or other rewards) after spending $3,000 in purchases within the first 3 months of card opening.  Here’s what else you can expect with this new card offer:

  • 3 points per $1 spent on travel purchases (flights, hotels, rental cars, etc.)
  • 3 points per $1 spent on dining (eating out and ordering in), gas stations, and select streaming services
  • 1 point per $1 for all other purchases
  • Cell phone insurance (up to $600 per claim with a $25 deductible)
  • NO foreign transaction fees
  • NO annual fee

If you spend a lot in these categories anyway, then earning 3% back is a good deal, especially for a card with no annual fee.  And your points are worth 1 cent a piece when you redeem them for rewards like cash back, travel, or gift cards.

If you also have the Wells Fargo Visa® Signature® Card, you can redeem your points for 1.5 cents each toward airfare through the Wells Fargo portal.  Which means you’ll effectively get 4.5% back toward airfare for purchases in travel, dining, gas station, and streaming service categories!

The information for the Wells Fargo Visa Signature Card has been collected independently by MillionMileSecrets. The card details on this page have not been reviewed or provided by the card issuer.

Note:   Wells Fargo cards have been notoriously difficult for folks to open if they aren’t already a Wells Fargo customer (bank account, loan, etc.).  But Wells Fargo claims that they will NOT be as particular with this new card.  So more miles & points enthusiasts can open it!

Bottom Line

We’re always excited to see banks introduce new and improved credit cards.  The no annual fee AMEX Wells Fargo Propel card will come with 30,000 points (worth $300 in cash back, travel, gift cards, or other rewards) after the meeting minimum spending requirements.

Everyone should have a no annual fee card.  They’re good to keep forever, because keeping your cards open for a long time can increase the average age of your accounts, and potentially improve your credit score!

Do you plan to apply for the updated AMEX Wells Fargo Propel card?