When it comes to them Wells Fargo Propel American Express® cardIt’s easy to get a lot of value. The card includes 3 points per dollar spent on many popular categories and 1 point per dollar on purchases anywhere else. It also offers valuable benefits including purchase protection, travel insurance and no international transaction fee.
While this sounds like a package you’d find from a high annual fee card, there is actually no annual fee for this credit card. If you already have the card or are thinking about it, here are some key tips to get the most out of the card Wells Fargo Propel American Express® card.
Ways to Maximize the Wells Fargo Propel American Express® card
Earn 3X bonus rewards
The main advantage of this card is the ability to earn Wells Fargo Go Far Rewards with every purchase. The standard purchase price is 1 point per dollar, but you earn 3 for every dollar spent on the restaurant, grocery delivery, gas station, rideshare, transit, flight, hotel, homestay, and car rental categories.
You also get 3x points on a number of popular ones Streaming services These include Netflix, Apple Music, Hulu, Disney +, ESPN +, Spotify, HBO Now, Prime Video, Audible, Pandora, and others.
These are popular categories for many households. If you are spending a lot of money in any of these categories, this card may offer you even more value. Conditions apply.
Meet the requirements for the welcome bonus
New customers can earn the following welcome bonus: Earn 20,000 bonus points when you spend $ 1,000 on purchases in the first three months – that’s $ 200 redemption value. Conditions apply.
To earn the bonus, you have to spend an average of $ 334 per month, which is not difficult for many people when they put groceries, gasoline and other regular purchases on the card.
Skip your phone company’s cell phone insurance
Your cellular company likely offers insurance for your phone in the event of damage or theft, which costs around $ 7 per month. When you pay your monthly bill with this card, you have free access to a mobile phone protection plan.
The Cell Phone Protection Plan pays up to $ 600 per incident with a deductible of $ 25 up to twice a year if your cell phone is accidentally damaged or stolen. Here’s how you can skip the cellular company’s plan and save yourself $ 80 or more per year. Conditions apply.
Save on expensive rental car insurance and roadside assistance
The Wells Fargo Propel American Express® card has two great benefits that can save you money on the go. First, the card includes rental car loss and damage insurance. With this cover you can skip those Insurance from the rental company that can easily cost around $ 20 a day. Save $ 140 on a week-long vacation with just one use.
The card also includes roadside assistance that provides a service similar to yours Auto clubs like AAA. You have to pay for all the services you need, such as towing or changing tires. However, you can skip the annual subscription fee that you would have to pay even if you don’t need the service.
Use the purchase protection
The Wells Fargo Propel American Express® card Provides two valuable purchase protection measures for new, eligible items purchased with the card.
The retail protection benefit covers new items against accidental damage or theft for 90 days. If you buy a new TV and your child breaks the screen the day after it was installed, your card covers the purchase.
The extended warranty protection doubles the manufacturer’s warranty of up to one year for authorized purchases with the card.
Choose the best redemption options
Wells Fargo’s Go Far Rewards program gives you a handful of options for reward redemption. This includes:
Cash back or bank statement credit.
Digital rewards (software, games, etc.).
Typically, all withdrawals using this program are roughly the same for cardholders. Typically, you get 1 cent per point, so cashback and bank statement balances are the best redemption option for most people. You’re better off with a dollar in the bank than a dollar that you can only use at a specific retailer.
The final result
The Wells Fargo Propel American Express® card offers a lucrative rewards program and valuable benefits with a $ 0 annual fee. For someone new to the world of Travel rewards credit cards or someone who wants to earn bonus rewards where they spend the most, this card can be a very good option.
The card has some drawbacks. As an American Express card, it may not be as widely used as Visa or Mastercard branded options. There are a few other cards out there that may offer better cashback, reward points, or other perks, but you will likely get an annual fee for something much better.
How to Maximize Your Rewards
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