Wells Fargo Propel 365 Amex Credit Card Review

Advertiser Disclosure

The Wells Fargo Propel 365 American Express card does just as promised—propel your points earnings into a new level, and very quickly. As one of the biggest banks, Wells Fargo does not always offer rewards cards, so this is a pretty special thing happening. Let’s take a look at the finer points so you can see for yourself and decide if this is the card for you.




No Annual Fee!

The Wells Fargo Propel 365 American Express card has no annual fee for the first year, and it’s only $45 annually after that. Not bad.

0% Introductory APR for 12 Months

You will pay no interest on purchases or balance transfers for the first 12 months that you have the card. After the introductory period ends, you will pay 13.99-21.99%, depending on your credit history.

Huge Points Earning Potential

Earn triple points on all spending at gas stations, double points for all restaurant spending, and one point per dollar on all other purchases. There is no limit to the number of points that you can earn each year.

Special Airline Benefit

As a Wells Fargo Propel 365 American Express card holder, you will be eligible for one $100 airline benefit each year. You can use this benefit toward the purchase of any air travel or to pay any associated fees, such as baggage fees.

Get a 40,000 Point Bonus

When you spend at least $3,000 in the first three months that you have this credit card, you will get a huge bonus of 40,000 points added to your account.

Earn a Relationship Bonus

Wells Fargo is one of the few banks that offers you a relationship bonus. If you have other accounts at Wells Fargo, in addition to the Wells Fargo Propel 365 American Express card, such as a checking, savings or investment account, you will earn a 10%, 25% or 50% bonus on your yearly points, depending on the number, types and amounts of the accounts that you hold.

No Foreign Transaction Fees

For those who travel frequently, foreign transaction fees can really add up, so having no foreign transaction fees can be a big deal! Enjoy no fees with this card.

Simple and Flexible Redemption Process

Start redeeming your points quickly, as you only need to accumulate 2,500 to get a $25 gift card. Options include cash back in the form of a check, direct deposit to Wells Fargo account or statement credit. Or, choose from gift cards and merchandise. If you prefer, there are plenty of options to redeem your points for travel rewards, including air travel, hotels, and more. The travel benefits are nice, with great hotel and air travel discounts available.

Great Travel Benefits

Not only can you get great travel discounts, you get great travel protection, too. Cardholders get the benefits of lost luggage insurance, auto rental collision coverage, emergency services while traveling, and a complimentary 24/7 concierge service.


The Nitty Gritty

To sum it up, there is no annual fee for this card for the first year. After the first year, you will pay an annual fee of $45. There is a 12-month introductory APR of 0% for purchases and balance transfers after which you will pay 13.99-21.99%, depending on your credit. Balance transfer fees are 3%, and cash advance fees are 5%. Cash advance APR is 23.99%. Late payment fees are $35.



Although this card comes with a hefty annual fee after the first year (free for the first year is nice!), it does present with some great ways to earn tons of points, and the redemption process is quite flexible. If you are already a Wells Fargo customer, then you stand to really gain a ton of points, and would most likely make up the cost of the annual fee and more.

Choose carefully, because there are certainly some other great cards that are out there that offer nearly the same benefits with no annual fee. But, this is one worth considering.