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.