The Wells Fargo Propel American Express credit card is quickly becoming one of the most popular credit cards around. For good reason too. In this post we will take a look at how this credit card earns and an amazing perk that more credit cards should offer.

Sign-Up Bonus

This card comes with an outstanding sign-up bonus for a no annual fee credit card. This card earns in points. So you will earn 20,000 points after only spending $1,000 in the first 3 months of account opening. Those 20,000 points are worth a cool $200. Which gives you a 20% return on your spend.

How The Wells Fargo Propel Earning Potential

• Earn 3x points on
  • Eating out and ordering in
  • Gas stations, rideshares, and transit
  • Flights, hotels, homestays, and car rentals
  • Popular streaming services
• Earn 1x points on other purchases
• No limit to the points you can earn
• Points never expire as long as your account is open

Wells Fargo Propel Unique Perk

This card had a benefit that more cards need to include. That is cell phone protection. All you have to do is pay you cell phone bill monthly with the Wells Fargo Propel Credit Card and you receive up to $600 cell phone protection per claim. This covers damage or theft of your cell phone. You must pay a $25 deductible towards the coverage of repairs or replacement of your original phone. No more than $1,200 can be covered in a 12 month period. 

The cell phone coverage goes into effect the 1st day of the calendar month following your first cell phone bill where you pay your cell phone bill.

The terms and conditions on the Wells Fargo website states that this benefit does not cover phones that are lost (i.e. disappear without explanation). It also does not apply to phones that are rented, borrowed, or received as part of a prepaid plan.

I would recommend keeping the receipt for your cell phone purchase incase it is asked for when making a claim. Also do the math to make sure the coverage makes sense over getting one with your cell phone carrier or cell phone company. With many of the hottest phones costing about $1,000 you may not get enough to cover the cost of that new phone of yours.

Additional Benefits

This card also comes with purchase and travel protections that includes:

• Lost luggage reimbursement
• Car rental loss and damage insurance
• Roadside assistance
• 24/7 travel and emergency assistance, and emergency cash advances
• Retail Protection
• Extended Warranty

Link to all the details of each coverage here as it has a lot of legal jargon that I don’t want to mis-represent.

Overall Thoughts

For a no annual fee credit card, the Wells Fargo Propel card is hard to beat. You earn 3X points in some pretty major categories as well as get a solid cell phone protection benefit. I think this card is a contender for the best no annual fee credit card and can definitely be a card that everyone should consider having for the long haul.

If you love cash back cards we bet you’ll love this card that gives 5X back on travel.

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