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Wells Fargo World Propel Comes With A $500 Cash Bonus ($700 In Travel) 3k Spend In 3 Months Required

drofcredit 223 446 May 1, 2014 at 11:07 PM in Finance (3)
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Last Edited by mlacey3 May 5, 2014 at 11:43 AM
Wells Fargo main aim this year was to get a larger share of the personal credit card market. They released two new cards yesterday to help them accomplish this.

Wells Fargo Propel World American Express [wellsfargo.com]
  • 40,000 points after $3,000 in spend within the first three months
  • up to $100 in reimbursements for airline incidental charges (e.g food and beverage on a flight, baggage fees)
  • 3x points on all airline purchases, 2x points on all hotel purchases
  • No annual fee first year, then $175

Points can be redeemed at 1c = 1 point for statement credit or a check, making the 40k points worth $400 (plus the $100 in incident airline charges to bring us to $100). You can also redeem them for airline tickets, it's supposed to also be 1c = 1 point, but for some reason it turns out to be more like 1.5c = 1 point. You do have to pay a $24 booking fee though.

This is a great card for those of us who already have way too many miles/points. Probably wouldn't hear too much about this from the bloggers because there is no affiliate commission.

They also launched the Propel 365 [wellsfargo.com] which has a smaller sign up bonus of 20,000 points after $3k in spend and 3x on gas, 2x on restaurants.
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Last Edited by dipperq May 13, 2015 at 08:05 PM
UPDATE 8.2.2014 - The points are no longer worth 1.5c to 1 point.

WF's site was down for several days and I called yesterday to book a flight over the phone and they would only redeem the points for 1 to 1. I just checked today and the website is back up and running but the points redemption has also been updated to 1:1.


This on for US Permanent Resident.. If you are not don't waste your time applying for it as they will hit you credit and than reject saying you are not a permanent resident.

Most people will be pending to begin with, you'll need to call either 1-877-514-3717 or 1-866-412-5956

The number to check on the application status is 1-877-514-3717.

For "Up to $100 in reimbursements for airline incidental charges", buying gift card from airlines website works. Users reported that they got "$100 AIRLINE BENEFIT CREDIT" for Southwest, United and American Airlines.

post your app status here:

660 denied
680 Approved - 3k after calling
680 pending
690 denied
710 pending
710 pending
710 Pending
711 Approved - $5,000 applied, showed pending, approved after for about a week, no income or W2 verification was required
711 Approved - $8,000
714 Pending - called and approved $4800
720 pending
720 Pending
720 Pending
725 pending
730 Approved for $10,000
730 Approved - Required income verification. $2,500 limit.
743 Approved (took 5 days), 55K income, no debt, RESIDENT ALIEN status.
747 Denied
750 Pending
758 Pending
758 Approved for $2500
760 Approved :$15,000 : Pending during online application. Got the credit card in mail after abt 7 days without calling OR sending any paystubs etc
760 Approved $10000
760 Pending
766 Approved - $3,000 (required proof of income, 2 most recent pay stubs)
767 Pending - received an approval in the mail a week later
768 Approved - $13k - initially got pending, approved after I called in with no questions
770 Pending - called and approved $8k
776 Approved - $8,000 (Have existing PMA account)
777 Pending - called, asked to call again today as was applied weened
778 Approved - $14k instantly by applying from my WF account online
780 Approved $4000
780 Approved, $13,000 after call in to recon, but was pended initially
782 Approved instantly $12000
786 Approved instantly $8000
796 Approved, $19,000 after call in to recon, but was pended initially
797 Pending - called and approved $8k
800 Pending
802 Approved $15,000
808 Approved $15,000
810 Pending - Called, declined due to "low income" ($55,000)
813 Approved $8000, pended initially, no income or W2 verification was required
816 Approved for $9000
826 Approved $5000
808 online message "Pending" approved later $5000
791 online message "Pending" approved later $5000
826 Approved instantly $15,000
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#3
well I guarantee you, they won't get more market share as I was considering both but .... that ANNUAL FEE for both cards :/
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#4
Quote from DanielMena9 View Post :
well I guarantee you, they won't get more market share as I was considering both but .... that ANNUAL FEE for both cards :/
Waived first year on both. I am just signing up for the propel world and then I'll cancel if I don't get a retention bonus I like.
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#5
how much 40000 points worth it?
How did you count $700? two cards?
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#6
I count any credit card that gives you 400 bucks for spending 3 grand a good deal, regardless of the annual fee the 2nd year. I'll cancel in the 11th month. I have cancelled so many credit cards in my life after getting the gift cards/statement credits etc. I have NEVER been denied a card, and I only make 32 grand a year.
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#7
Quote from SCtrojan View Post :
how much 40000 points worth it?
How did you count $700? two cards?
The original post is pretty short and it explains how I got to $700 in travel. When redeeming for travel expenses it seems like you can redeem at 1.5cent per point, therefore 40,000 points = $600 + the $100 incidental airline reimbursement.

I imagine this deal is going to get pretty popular so if you do apply let us know the following information:

If you were approved or denied
Your credit score
What credit bureau they pulled from
What credit limit you received
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Last edited by drofcredit May 2, 2014 at 12:18 AM
#8
pretty awesome. 600 is a lot. how much can u get if u buy gift cards with your points instead?
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#9
Where's the language that says $0.015/pt?

I see that they say you earn an extra 50% if your banking relationship is PMA, is that what you mean? But that doesn't kick in until the 13th month after you pay at least 1 annual fee.

The only $ to point ratio I can see is:
Quote :
as low as 2,500 points for a $25 gift card,
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#10
I always hear people on slickdeals talking about "dont forget 5% or 10% back with american express". is this a card I could take advantage of thise deals with?
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#11
Quote from b534202 View Post :
Where's the language that says $0.015/pt?

I see that they say you earn an extra 50% if your banking relationship is PMA, is that what you mean? But that doesn't kick in until the 13th month after you pay at least 1 annual fee.

The only $ to point ratio I can see is:
It's not in any of the language, but some people with wells fargo points have reported they got that (or close to it) when they redeem their points for airline tickets.

Quote from supurman182 View Post :
pretty awesome. 600 is a lot. how much can u get if u buy gift cards with your points instead?
$400
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#12
0% APR for the first year as well if this matters to anyone.
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#13
Quote from drofcredit View Post :
The original post is pretty short and it explains how I got to $700 in travel. When redeeming for travel expenses it seems like you can redeem at 1.5cent per point, therefore 40,000 points = $600 + the $100 incidental airline reimbursement.

I imagine this deal is going to get pretty popular so if you do apply let us know the following information:

If you were approved or denied
Your credit score
What credit bureau they pulled from
What credit limit you received

Do you get a point multiplier if you use the card to buy airline tickets? Interested in hearing how this compares to other travel friendly cards as I need to book a trip ASAP.
FWIW mine was approved for $12K with a 750 as a current WF mortgage customer. You can expedite the approval process by calling 18775143717
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Last edited by SANDY2424 May 2, 2014 at 06:55 AM
#14
It ends up being $400 cash back. The $100 incidental charge wouldn't apply for most people, I assume. Unless you buy a $100 airline gift card and they refund you for that....
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#15
Any idea if AMEX serve loading will count as a purchase on this card ?
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