ANNUAL FEE OF $0
Some of the best rewards cards come with an annual fee, this is not the case of the Wells Fargo Propel American Express®. It might be the only card that offers this much ongoing value at no annual cost (assuming you don’t rack up interest charges).
The Wells Fargo Propel American Express® offers a wide a array of categories to earn points from. It earns 3X points on travel (hotels, flights, campgrounds), dining (restaurants, bars, takeout), rideshares (Uber, Lyft), gas, streaming (Amazon Prime, Apple TV, Disney+, Pandora, Spotify…) and 1 point on everything else.
20,000 bonus points when you spend $1,000 in purchases in the first 3 months (a $200 value), with an introductory APR of 0% APR for 12 months on purchases and qualifying balance transfers, and then the ongoing APR of 13.99% – 25.99% Variable APR.
American Express is not one of the most widely accepted cards outside the US. although it doesn’t charge foreign transaction fees, not all the merchants will accept it.
Unfortunately, the Wells Fargo Propel American Express® doesn’t come with some of the fancy perks of its competitors, like airport lounge access, travel credits or TSA reimbursement.
Things to keep in mind when choosing a credit card:
- Consider the fees: Take in consideration your expenses and how much of the fees you are willing / able to pay.
- Credit Score: Your credit score will determine your availability to apply to some credit cards. The best cards tend to be available to customer with good credit score (a FICO® Score of 670 or higher). Be mindful of this and work on it as overall it will allow you to access to more and better benefits. Applying for cards when you don’t have the enough credit for it could damage your score.
- Decide based on your interests: If you are a person who travel only once a year, travel lounges might not be something you care about. Find a card that fits your travel habits and that offers the rewards you could use the most.
- APR: They will vary depending on your credit, and they could go as high as 25.49%! It is always recommended to pay the amount in full before the end of the period to avoid these fees.