Wells Fargo has partnered with American Express to release two new rewards credit cards – Propel 365 and Propel World. They offer double and triple points earning opportunities and come with a 20,000 or 40,000 point sign-up bonus depending on the card.
Wells Fargo customers can earn up to 50% more bonus points when they have a qualifying checking or savings account.
With the Propel World American Express Card travelers earn 3 points per dollar when booking flights, 2 points on hotel stays, and 1 point on all other purchases. Once a person spends $3,000 over the first 3 months they receive 40,000 bonus points.
Travel benefits are also part of this package, and include $100 to cover airline fees, free upgrades and amenities at the 1,000 hotels around the world, 24/7 concierge services, and access to special offers.
The $175 annual fee for this card is waived for the first year. The Propel 365 American Express Card is geared toward individuals who want to earn points on everyday purchases. With this card a person can earn 3 points per dollar at gas stations, 2 points for dining, and 1 point on everything else. Spending $3000 during the first three months earns cardholders 20,000 bonus points.
Other benefits include 20% off at participating hotels, $100 off qualifying air and hotel packages, lost luggage insurance, emergency assistance, 24/7 concierge service, travel insurance, and special deals on travel and cruise packages. The annual fee of $45 is waived for the first year.
Wells Fargo customers earn more
Both cards provide a once an annual relationship bonus for individuals who have a bank account at Wells Fargo.
Cardholders with a checking or savings account receive a 10% bonus, individuals with a PMA package receive 25% in bonus points, and Wells Fargo Private Banking PMA Package clients get a 50% bonus.
Individuals with more than one account will earn their bonus on the account that provides them with the most points.
No blackout dates and more
Points never expire on either card and there is no limit on the number of points one can earn. Points can be redeemed for merchandise and cash, as well as travel, including airline tickets, cruises, hotels and car rentals. There are no blackout dates when booking travel or foreign currency conversion fees.
When redeemed for cash back, funds can be transferred into the cardholders Wells Fargo account or they can opt to receive a check.