topic Re: Wells Fargo Propel 365 Amex in Credit Cards

Wells Fargo Propel 365 Amex

mattayy — Tue, 06 May 2014 01:42:09 GMT

Finally wells has a card that can compete with eveyrone else. I like this card better than my bofa cash rewards but was wondering if anyone knew the average credit score for approval? I know many other factors are considered. I am in the garden for awhile so I won't be applying anytime soon, just curious.

Re: Wells Fargo Propel 365 Amex

Anonymous — Tue, 06 May 2014 01:55:55 GMT

I'm wondering as well, I applied but got the "we need to verify some pieces of information" 5-7 mail. I have a Fico of 702 and have been a Wells Fargo customer since 2012 with a good amount of money in my savings + checking. My mom also applied and got the same message and she's been a customer since 1992. I'm not sure what factors in it. The card looks really nice though.

Re: Wells Fargo Propel 365 Amex

mongstradamus — Tue, 06 May 2014 06:05:48 GMT

Its an interesting card but I think I would rather have an amex Costco card. It has features of a "real" amex card, and has almost all the same cash back categories as the propel,just my two cents.

Re: Wells Fargo Propel 365 Amex

Ghoshida — Tue, 06 May 2014 06:38:21 GMT

@mongstradamus wrote:
Its an interesting card but I think I would rather have an amex Costco card. It has features of a "real" amex card, and has almost all the same cash back categories as the propel,just my two cents.

@Anonymous these points can be redeemed for cash, @ 2500 points = $25, right?

My views: 3% on gas ==> same as Freedom year round, and less than Sallie Mae, but higher than BCE (2%)

2% on restaurants ==> same as CSP or Barclay Arrival. But no 2% on travel.

Annual bonus ==> 10% offer is same as Freedom, Sallie Mae, and Barclay Arrival (Travel redeem). 25% and 50% sounds nice though. Annual fee is a bummer !

Initial bonus: 20k points for 3k spend sounds a bit low.

Not too great. I'll stay in the garden and once I get out, probably will take a shot at CSP (already have Freedom and Chase checking) or Barclay Arrival (no-AF).

Re: Wells Fargo Propel 365 Amex

eagle2013 — Tue, 06 May 2014 07:04:32 GMT

I'm also interested in knowing data points relating to this card. I will qualify for the 25% points bonus, but wondering if it is worth another hp, especially since the points structure for the 365 is exactly the same as BofA.

Also, for the propel world, it remains unclear if the AF will be partially, or fully waived for PMA customers? I know the AF for the 365 is waived. I think it's a step up in the right direction - although personally I would like to have a WMC/WEMC option rather than AMEX. Also, the 365 minimum spend is way too high for the benefits. My PC attempts haven't been successful thus far.

Re: Wells Fargo Propel 365 Amex

ftomasze — Tue, 06 May 2014 11:03:39 GMT

I wish I had known this when I applied for my Home Rebate Visa though them a while back.

Re: Wells Fargo Propel 365 Amex

bigblue7722 — Tue, 06 May 2014 11:40:47 GMT

Lol why would anyone want a Wells Fargo card? The new sams Mastercard is a lot better than this card plus no af. 5% gas 3% restaurants and travel and 1% everything else. Oh and I forgot to mention it's not an Amex so you can use it anywhere. A lot of mom and pop restaurants won't take Amex so unless you like going to get at chain restaurants all the time your gonna be reaching for another card.

Re: Wells Fargo Propel 365 Amex

mongstradamus — Tue, 06 May 2014 12:34:52 GMT

@bigblue7722 wrote:
Lol why would anyone want a Wells Fargo card? The new sams Mastercard is a lot better than this card plus no af. 5% gas 3% restaurants and travel and 1% everything else. Oh and I forgot to mention it's not an Amex so you can use it anywhere. A lot of mom and pop restaurants won't take Amex so unless you like going to get at chain restaurants all the time your gonna be reaching for another card.

Not everybody has access to an Sams club I would assume. For me there are no Sams club in my state. Me personally would rather take sallie Mae card but that's me

Re: Wells Fargo Propel 365 Amex

bigblue7722 — Tue, 06 May 2014 12:42:51 GMT

@mongstradamus wrote:
@bigblue7722 wrote:
Lol why would anyone want a Wells Fargo card? The new sams Mastercard is a lot better than this card plus no af. 5% gas 3% restaurants and travel and 1% everything else. Oh and I forgot to mention it's not an Amex so you can use it anywhere. A lot of mom and pop restaurants won't take Amex so unless you like going to get at chain restaurants all the time your gonna be reaching for another card.
Not everybody has access to an Sams club I would assume. For me there are no Sams club in my state. Me personally would rather take sallie Mae card but that's me

Yes I know. I would assume that the Wal mart card would be very similar. And yes I would take sallie Mae over the sams.

Re: Wells Fargo Propel 365 Amex

Anonymous — Tue, 06 May 2014 15:27:54 GMT

In the T&Cs:

You cannot earn a Relationship Bonus on points that are earned as either bonus points or as promotional points

So does this mean that, e.g. the 50% relationship bonus applies only to the base points, (so the card becomes 3.5/2.5/1.5 rather than 4.5/3/1.5)? Sort of similar to the bonus question on the Amex Everyday.

If it is the former, I REALLY don't see the attraction of this card!

Re: Wells Fargo Propel 365 Amex

trumpet-205 — Tue, 06 May 2014 17:15:06 GMT

@Anonymous wrote:
If it is the former, I REALLY don't see the attraction of this card!

Correct, it is calculated on base spending. It is same thing with BofA Travel Rewards (it is 1.6%, not 1.65% people have been saying).

Re: Wells Fargo Propel 365 Amex

Anonymous — Tue, 06 May 2014 22:19:36 GMT

I'm interested in applying for this card, but I probably will wait. I went overboard with my last few sprees, and it seems that the underwriting process for this card is still a bit quirky, based on what people on FW and FT posted. Some were denied for lack of banking relationship. I have a banking relationship with them, but my balances are less than $100, so that's probably putting me in a worse position than people who have no banking relationship.

Sign-up bonus and features seem nice though.

Re: Wells Fargo Propel 365 Amex

Anonymous — Tue, 06 May 2014 22:56:08 GMT

@Anonymous wrote:

Sign-up bonus and features seem nice though.

Which features? I didn't see anything special! Remember Merrill Plus!

Re: Wells Fargo Propel 365 Amex

ficobgtx — Tue, 06 May 2014 23:09:28 GMT

@Anonymous wrote:

Sign-up bonus and features seem nice though.

Assuming you mean World, not 365?