Wells Fargo Propel Review

Wells Fargo American Express Propel

Reviewed by Credit Carrots (2020)

Wells Fargo Propel Review

TL;DR: Are you looking for a top tier cash back credit card with no fee? If so, we want to congratulate you because your search is over! Also, if you’re the type of person that loses your phone often, then you’ve hit the jackpot as this card will cover theft or damage to your phone.

Wells Fargo Propel

Get 3% cash back in multiple categories with no caps

Annual Fee

The Wells Fargo AMEX Propel has an annual fee of $0.

Cash Back Categories

  • 3% on eating out and dining in
  • 3% on gas, rideshares, and transit
  • 3% on flights, hotels, homestays, and car rentals
  • 1% on everyday spend

Top Additional Perks

  • Purchase Protection
  • Cell Phone Protection
  • Car Rental Insurance
  • No FX Fees


What the Wells Fargo Propel is all about

Are you looking for a top tier cash back credit card with no fee? If so, we want to congratulate you because your search is over! Welcome to the Propel American Express.

In exchange for providing a high cash back rate with no annual fee, premium perks such as airport lounge access, point transfer partners, and concierge services are not available with this card. The Wells Fargo Propel does come with the essential benefits such as car rental insurance, purchase protection, and extended warranty.

If you’re the type of person that loses your phone often, then you’ve hit the jackpot. This card will cover up to two instances of phone damage or theft every 12 months.

Read on to learn more about the robust benefits and perks that come with the Wells Fargo American Express Propel Credit Card.

How to Earn Cash Back

Wells Fargo Propel Earn Rates

This credit card allows you to earn Go Far Rewards points that can be easily applied to your account for cash back. Each point is essentially worth 1% in cash back, and there are multiple categories that provide triple the points (3% cash back).

The Wells Fargo Propel offers the following:

3% cash back on eating out and dining in. This category covers all food and drinks!

3% cash back on gas, rideshares, and transit. This category basically covers all transportation options except for taxis! Let’s be honest though. If you’re in a city that has Uber or Lyft, you’re likely not using taxi services much.

3% cash back on flights, hotels, homestays, and car rentals. This category covers the majority of your travel expenses. You can book your travel through any method you like!

3% cash back on streaming services. This category covers most popular streaming services such as Netflix, Hulu, and Spotify.

1% cash back on everything else. No explanation needed!

The best part about the bonus categories is that there are no limits! You can spend as much as you want in each category and still get the 3X bonus.

Additional Benefits and Features

What else does the Wells Fargo Propel get you?

In addition to cash back, the Wells Fargo AMEX Propel offers some solid benefits that are in line other credit cards with a similar fee.

  • Car Rental Loss and Damage. This benefit provides coverage in excess of other insurance against damage to or loss of a rental vehicle. The coverage applies when the entire rental fee is charged to your Card.
  • Cell Phone Protection. This rare benefit protects against theft or damage to your cellphone. If you make a claim, all you have to pay is a $25 deductible. You’re only allowed to make two claims every 12 months (let’s hope you don’t lose your phone that much), and the maximum amount per claim is $600.
  • Extended Warranty. This benefit will double the manufacturer’s warranty by a maximum of 12 months. One big caveat though. If the original manufacturer’s warranty is longer than 12 months, then this benefit does not apply.
  • Retail Protection. This protection covers accidental damage and theft for items you purchased with your card in the last 90 days. AMEX has a generous limit of $1,000 per occurrence, and a cap of $50,000 per year.
  • No foreign transaction fees. This is a key feature for any international traveler. If you’re charging a foreign currency to your standard credit card, it would cost you over 2% extra for the currency conversion. With no FX fees on the Wells Fargo Propel, you only pay what the banks pay to convert your currency.

For a full list of the Wells Fargo Propel benefits click here.