topic Re: Wells Fargo is Relaunching the Propel Card in Credit Cards

Wells Fargo is Relaunching the Propel Card

Brian_Earl_Spilner — Mon, 25 Jun 2018 13:40:30 GMT

Wells Fargo is Relaunching it's Propel card to compete with the Chase Saphire Reserve.

Wells Fargo is launching a new rewards credit card, a revamped iteration of its Propel Card.
The card will earn 3x points per dollar spent on dining, transit and travel, and streaming services, and 1x point on everything else. Points can be redeemed at 1¢ each toward cash, gift cards, travel, or more.
The new Propel will have no annual fee.
The card directly competes with premium products like the Chase Sapphire Reserve, although that card potentially offers a higher redemption value.
Applications for the new Propel will be available on July 16.

The sign up bonus will be 30,000 points($300) for $3,000 spend in 3 months.

Thoughts?

Re: Wells Fargo is Relaunching the Propel Card

Anonymous — Mon, 25 Jun 2018 13:49:08 GMT

I saw that this morning.

On one hand, I don't want to do business with Wells Fargo. On the other, this is ostensibly an attempt to move towards better customer service.

I wonder how this card stacks up to CSP/CSR considering it doesn't have an AF?

Re: Wells Fargo is Relaunching the Propel Card

pizza1 — Mon, 25 Jun 2018 14:04:44 GMT

Ive never done any kind of business with WF, even CC, but me being a woman, I think the card is pretty LOL

Re: Wells Fargo is Relaunching the Propel Card

AverageJoesCredit — Mon, 25 Jun 2018 14:10:53 GMT

Lol, pretty , I wont go that far. But if that's what the card looks like, dang it looks mighty sweet. I dont care what anyone says about WF, but some of their cards are absolutely stunning. I had the Amex in white with the horses, still one of my favs. I've seen one of their black cards with the gold horses. Sweet. Even my CW is better than most.

Re: Wells Fargo is Relaunching the Propel Card

Anonymous — Mon, 25 Jun 2018 14:12:01 GMT

I am definitely interested in applying for the card and per this link it looks like it will come with a 12 month no interest period: https://www.wellsfargo.com/credit-cards/propel/terms/

Re: Wells Fargo is Relaunching the Propel Card

UncleB — Mon, 25 Jun 2018 14:14:25 GMT

It's a nice upgrade, too bad the bonus will almost certainly be for new approvals and those of us who got (and still have) the old card with no bonus will miss out.

My sour-grapes aside, I always welcome another no-AF 3% travel card, and this will give me a reason to pull it back out of the sock-drawer.

Design-wise, I thought they knocked it out-of-the-park with the old one so I'm less-than-thrilled with the new red design but as long as it works I'll still use it, of course.

Re: Wells Fargo is Relaunching the Propel Card

pizza1 — Mon, 25 Jun 2018 14:20:28 GMT

@AverageJoesCredit wrote:
Lol, pretty , I wont go that far. But if that's what the card looks like, dang it looks mighty sweet. I dont care what anyone says about WF, but some of their cards are absolutely stunning. I had the Amex in white with the horses, still one of my favs. I've seen one of their black cards with the gold horses. Sweet. Even my CW is better than most.

Of course not! You're a man! LOL Ive been known to get a card just for its looks. (cough...Barneys comes to mind).. Something about those horses though, I like them.

Re: Wells Fargo is Relaunching the Propel Card

Anonymous — Mon, 25 Jun 2018 14:28:31 GMT

So, I have mystery shopped WF a lot and need to shut down 2 savings accounts that I don't plan on doing anything with but each time I go there they keep remindingg me that I am approved for a credit card... the $200 sub for the Cash Wise has been tempting me big time especially since they keep telling me that that there will be a major change to the Cash Wise at the end of June... I have some Chase cards I want more than Cash Wise and I'm 10/12.. but I'm going to hold off on Cash Wise and get this bad boy as soon as I get my Ink Preferred

Re: Wells Fargo is Relaunching the Propel Card

FinStar — Mon, 25 Jun 2018 14:36:58 GMT

Not a bad looking product for sure. I think I'll try it around August 😁

I already have 2 CCs with them, including the Propel World, which they discontinued a while ago. It would be interesting to see how this product will stack up once it's launched.

Re: Wells Fargo is Relaunching the Propel Card

AverageJoesCredit — Mon, 25 Jun 2018 14:50:27 GMT

@pizza1 wrote:
@AverageJoesCredit wrote:
Lol, pretty , I wont go that far. But if that's what the card looks like, dang it looks mighty sweet. I dont care what anyone says about WF, but some of their cards are absolutely stunning. I had the Amex in white with the horses, still one of my favs. I've seen one of their black cards with the gold horses. Sweet. Even my CW is better than most.
Of course not! You're a man! LOL Ive been known to get a card just for its looks. (cough...Barneys comes to mind).. Something about those horses though, I like them.

Haha, i understand Pizza. One look at the new Amex Magnet card and i was hooked

Re: Wells Fargo is Relaunching the Propel Card

galahad15 — Mon, 25 Jun 2018 14:54:39 GMT

The card and its features look very impressive, in mho I do currently also have the FNBO Amex Travelite which offers the 3% on travel and 1.5% on everything else, with no AF. But the new Propel personally looks much more appealing to me than the CSR for instance because it has no AF...and so I just might be interested in apping lol... (I also like the fact that there appears to be virtually no minimum redemption threshold for the Propel, since my FNBO Travelite card has a minimum redemption amount of $25.)

Re: Wells Fargo is Relaunching the Propel Card

blunderer — Mon, 25 Jun 2018 15:02:54 GMT

@pizza1 wrote:
Ive never done any kind of business with WF, even CC, but me being a woman, I think the card is pretty LOL

pizza - you made me spit out my tea! LMBO

Re: Wells Fargo is Relaunching the Propel Card

UncleB — Mon, 25 Jun 2018 15:10:20 GMT

@galahad15 wrote:
The card and its features look very impressive, in mho I do currently also have the FNBO Amex Travelite which offers the 3% on travel and 1.5% on everything else, with no AF. But the new Propel personally looks much more appealing to me than the CSR for instance because it has no AF...and so I just might be interested in apping lol... (I also like the fact that there appears to be virtually no minimum redemption threshold for the Propel, since my FNBO Travelite card has a minimum redemption amount of $25.)

I'm currently using a BBVA/Compass Clearpoints Visa for 3% cash back on travel, and it's workable but redemptions are clunky. I keep my WF Propel around basically for overdraft protection on my checking, but I'll at least give it a whirl once the refresh takes place to see how it works out.

FWIW last August I had fraud on my WF Propel, and they caught it (transaction was declined). I called in when I got the notification and they offered to overnight the replacement card to me; when I mentioned I was currently out-of-state they said that wasn't a problem. I thought that was a nice touch for a no-AF card. I just had them send it to the house (to keep things simple) but it did arrive the next day as promised... no complaints.

Also, I will for sure be changing my Netflix and Hulu subscriptions over to the new Propel for those times when the gift card balances run low.

Re: Wells Fargo is Relaunching the Propel Card

Jetboy — Mon, 25 Jun 2018 17:06:58 GMT

@galahad15 wrote:
The card and its features look very impressive, in mho I do currently also have the FNBO Amex Travelite which offers the 3% on travel and 1.5% on everything else, with no AF. But the new Propel personally looks much more appealing to me than the CSR for instance because it has no AF...and so I just might be interested in apping lol... (I also like the fact that there appears to be virtually no minimum redemption threshold for the Propel, since my FNBO Travelite card has a minimum redemption amount of $25.)

See #15 in the terms and conditons

https://www.wellsfargo.com/credit-cards/propel/terms/

Points may be redeemed for merchandise, physical and electronic gift cards, travel, cash, digital rewards, and charitable donations. Cash redemption options by phone or online are redeemable in 2500 Point increments only and can be done either by automatically applying it to Your Wells Fargo checking or savings accounts, or Wells Fargo credit products that are qualified to receive cash redemptions, or by requesting a paper check. Cash redemptions via a withdrawal from a Wells Fargo ATM or a Rewards redemption to an eligible Wells Fargo account from a Wells Fargo ATM are redeemable in 2000 Point increments only. You must have a Wells Fargo Debit or ATM Card in order to redeem

~~The redemption levels do not bother me.~~ This is a very interesting card. ~~I might have to get it when it comes out.~~

Re: Wells Fargo is Relaunching the Propel Card

Peteyglad — Mon, 25 Jun 2018 15:41:34 GMT

The issue I have always had with Wells cards is that they offered decent rewards for the first 6 months, but then reverted back to a 1% card after that. That always bugged me. This seems to have done away with that thankfully.

Re: Wells Fargo is Relaunching the Propel Card

galahad15 — Mon, 25 Jun 2018 15:53:07 GMT

See #15 in the terms and conditons
https://www.wellsfargo.com/credit-cards/propel/terms/

Points may be redeemed for merchandise, physical and electronic gift cards, travel, cash, digital rewards, and charitable donations. Cash redemption options by phone or online are redeemable in 2500 Point increments only and can be done either by automatically applying it to Your Wells Fargo checking or savings accounts, or Wells Fargo credit products that are qualified to receive cash redemptions, or by requesting a paper check. Cash redemptions via a withdrawal from a Wells Fargo ATM or a Rewards redemption to an eligible Wells Fargo account from a Wells Fargo ATM are redeemable in 2000 Point increments only. You must have a Wells Fargo Debit or ATM Card in order to redeem

The redemption levels do not bother me. This is a very interesting card. I might have to get it when it comes out.

Jc, is it possible that the 2000 minimum point redemption value may have been for the older iteration or version of the card? The reason I ask is because to quote an excerpt from the original post regarding the new upcoming version of the Propel card, "Points can be redeemed at 1¢ each toward cash, gift cards, travel, or more". (ETA: unless I may possibly be reading on intepreting the refernced T&Cs from the original post incorrectly?)

Re: Wells Fargo is Relaunching the Propel Card

wasCB14 — Mon, 25 Jun 2018 16:00:29 GMT

"The card directly competes with premium products like the Chase Sapphire Reserve, although that card potentially offers a higher redemption value."

Really more like an Uber competitor with a better bonus.

Re: Wells Fargo is Relaunching the Propel Card

Anonymous — Mon, 25 Jun 2018 16:10:26 GMT

@Peteyglad wrote:
The issue I have always had with Wells cards is that they offered decent rewards for the first 6 months, but then reverted back to a 1% card after that. That always bugged me. This seems to have done away with that thankfully.

Those terms prevented me from applying for one of their cards.

Re: Wells Fargo is Relaunching the Propel Card

Jetboy — Mon, 25 Jun 2018 22:42:40 GMT

@galahad15 wrote:

See #15 in the terms and conditons
https://www.wellsfargo.com/credit-cards/propel/terms/

Points may be redeemed for merchandise, physical and electronic gift cards, travel, cash, digital rewards, and charitable donations. Cash redemption options by phone or online are redeemable in 2500 Point increments only and can be done either by automatically applying it to Your Wells Fargo checking or savings accounts, or Wells Fargo credit products that are qualified to receive cash redemptions, or by requesting a paper check. Cash redemptions via a withdrawal from a Wells Fargo ATM or a Rewards redemption to an eligible Wells Fargo account from a Wells Fargo ATM are redeemable in 2000 Point increments only. You must have a Wells Fargo Debit or ATM Card in order to redeem

~~The redemption levels do not bother me~~. This is a very interesting card. ~~I might have to get it when it comes out.~~
Jc, is it possible that the 2000 minimum point redemption value may have been for the older iteration or version of the card? The reason I ask is because to quote an excerpt from the original post regarding the new upcoming version of the Propel card, "Points can be redeemed at 1¢ each toward cash, gift cards, travel, or more". (ETA: unless I may possibly be reading on intepreting the refernced T&Cs from the original post incorrectly?)

I see what you are saying but I have no answer. Lets see what others have to say.

(Edit #1)

After re reading what you pointed out I have no interest in the card.

I do not have any Wells Fargo Accounts nor do I want any.

(Edit #2)

These terms and conditions are probably for the old version of the card may change when the new version of the card is released July 16th.

Re: Wells Fargo is Relaunching the Propel Card

UncleB — Mon, 25 Jun 2018 16:46:03 GMT

According to Doctor of Credit, there might be some interesting possibilities for those who have (or get) the Wells Fargo Signature Visa card in addition to the Propel, specifically the equivalent of 4.5% when redeeming for booked airfare.

I've not have the time to really unpack all the details, but for those who are interested it might be worth checking out.

https://www.doctorofcredit.com/revamped-wells-fargo-propel-to-launch-on-july-16th-with-3x-dining-gas-travel-streaming-and-30000-points-signup-bonus/