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Wells Fargo Propel- RIP

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FalconSteve
Valued Contributor

Wells Fargo Propel- RIP

Wells Fargo stopped taking apps for a decent card, the WF AmEx Propel, a while ago, but legacy clients were left in peace with a decent card, 3x rewards on virtually ALL travel (gas, parking, public transit, taxis, limos, tolls, campgrounds, trains, tolls, toll bridges), dining (restaraunts, fast food, vending machines, caterers, bakeries) streaming, eating in, and ordering out. Sadly, WF has finally decided that they will be discontinuing the card. I wish that they were converting it to a better card, or letting us choose. Maybe they will allow a PC?

Is this the same for everyone else? (The same card, no choice, same dates)

Screenshot 2023-06-20 at 5.53.00 PM.jpg

Screenshot 2023-06-20 at 5.47.16 PM.png

 

(Card number and balance redacted)

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800-->$13k CL- AU, wife
3/9/20 Truist Rewards $11k SL- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k-->$12k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k-->$19k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8k-->24.3k CL
8/2/23 Discover $8k SL
Message 1 of 15
14 REPLIES 14
FireMedic1
Community Leader
Mega Contributor

Re: Wells Fargo Propel- RIP

In-depth conversation since the announcement in April it was being nerfed:

https://ficoforums.myfico.com/t5/Credit-Cards/Confirmed-WF-Propel-Amex-to-be-closed-to-new-applicati... 

Sorry for your closure.


Message 2 of 15
FalconSteve
Valued Contributor

Re: Wells Fargo Propel- RIP


@FireMedic1 wrote:

In-depth conversation since the announcement in April it was being nerfed:

https://ficoforums.myfico.com/t5/Credit-Cards/Confirmed-WF-Propel-Amex-to-be-closed-to-new-applicati... 

Sorry for your closure.


Isn't nerfed when you make something lesser, not when you kill it entirely?

 

I know Autograph is 3x, but I'll have to see how all inclusive it is.

 

I wonder why they waited for me, or why I didn't know about the announcement before. I guess homebuying (and moving) occupied too much of my time and I missed it. Thanks.

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800-->$13k CL- AU, wife
3/9/20 Truist Rewards $11k SL- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k-->$12k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k-->$19k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8k-->24.3k CL
8/2/23 Discover $8k SL
Message 3 of 15
FireMedic1
Community Leader
Mega Contributor

Re: Wells Fargo Propel- RIP

" Wells Fargo now says the card will be discontinued entirely, even for existing users, starting Aug. 4, 2023. Current cardholders will be moved to the similar Wells Fargo Autograph℠ Card or the Wells Fargo Active Cash® Card, depending on their recent Propel usage."

Propel is done. No more. Nerfed.

https://www.nerdwallet.com/article/credit-cards/wells-fargo-to-shutter-propel-move-existing-users-to... 


Message 4 of 15
ptatohed
Valued Contributor

Re: Wells Fargo Propel- RIP


@FireMedic1 wrote:

" Wells Fargo now says the card will be discontinued entirely, even for existing users, starting Aug. 4, 2023. Current cardholders will be moved to the similar Wells Fargo Autograph℠ Card or the Wells Fargo Active Cash® Card, depending on their recent Propel usage."

Propel is done. No more. Nerfed.

https://www.nerdwallet.com/article/credit-cards/wells-fargo-to-shutter-propel-move-existing-users-to... 


But I think what @FalconSteve was questioning, and I agree, is, to me, nerfed means something's strengths are weekended.  So, in CC terms, a particular credit card's perks are reduced or eliminated.  But not the card itself is eliminated.  I would say the WF Propel is being cancelled, not nerfed, per se.  Nerfed might be if the Propel is still going to carry on but the 3X earn rate will be dropping to 2X. 

 

At least that's how I look at it.  Smiley Happy 

[ Signature in dire need of updates. It's on my to-do list. Smiley Wink ]


5% CB rotating: ;
Everyday 3% CB: ;
Everyday 5%: ;
Companion Card: ;
Everyday 2.2% CB: ;
Retired to sock drawer after AOD (kept alive w/ 1 purchase every 6 mo): ;
On my radar: ;
Still Waiting for an Invite: ;
No hope:
Message 5 of 15
longtimelurker
Epic Contributor

Re: Wells Fargo Propel- RIP


@ptatohed wrote:

@FireMedic1 wrote:

But I think what @FalconSteve was questioning, and I agree, is, to me, nerfed means something's strengths are weekended.  So, in CC terms, a particular credit card's perks are reduced or eliminated.  But not the card itself is eliminated.  I would say the WF Propel is being cancelled, not nerfed, per se.  Nerfed might be if the Propel is still going to carry on but the 3X earn rate will be dropping to 2X. 

 


I agree (although substituting weakened for weekended, which could still be a useful term, going from daily driver to a weekend card!)

Several cards over time have been nerfed, then eventually discontinued (to create sadness for the oldies, Citi Forward).   But this is a forced conversion from a card that has ceased to exist

Message 6 of 15
KillingThemGingerly
Contributor

Re: Wells Fargo Propel- RIP


@FalconSteve wrote:

Wells Fargo stopped taking apps for a decent card, the WF AmEx Propel, a while ago, but legacy clients were left in peace with a decent card, 3x rewards on virtually ALL travel (gas, parking, public transit, taxis, limos, tolls, campgrounds, trains, tolls, toll bridges), dining (restaraunts, fast food, vending machines, caterers, bakeries) streaming, eating in, and ordering out. Sadly, WF has finally decided that they will be discontinuing the card. I wish that they were converting it to a better card, or letting us choose. Maybe they will allow a PC?

Is this the same for everyone else? (The same card, no choice, same dates)

Screenshot 2023-06-20 at 5.53.00 PM.jpg

Screenshot 2023-06-20 at 5.47.16 PM.png

 

(Card number and balance redacted)


The Autograph and the Propel are EXTREMELY similar though right, besides one being a Visa and the other being an AMEX? What made the Propel better than the Autograph? If anything to me a Visa is more widely accepted than AMEX. 

Message 7 of 15
SpaethCo
New Contributor

Re: Wells Fargo Propel- RIP

I'm confused.  The Autograph card has the exact same 3% earning structure and categories as the Propel, but adds an additional 3% on phone (mobile or landline) payments.  For a card that touted no Foreign Transactions Fees, now having it on the VISA network means you can actually use the card and have it be accepted internationally. As an added bonus they removed redemption minimums with the Autograph card.  

 

What's the downside I'm missing here?

Message 8 of 15
KillingThemGingerly
Contributor

Re: Wells Fargo Propel- RIP


@SpaethCo wrote:

I'm confused.  The Autograph card has the exact same 3% earning structure and categories as the Propel, but adds an additional 3% on phone (mobile or landline) payments.  For a card that touted no Foreign Transactions Fees, now having it on the VISA network means you can actually use the card and have it be accepted internationally. As an added bonus they removed redemption minimums with the Autograph card.  

 

What's the downside I'm missing here?


This was my question/view too, unless the Propel previously had some other benefit I am unaware of or you don't have another amex card in your arsenal and want to have one for the occasional amex perk (Ticketmaster presale for example). 

Message 9 of 15
James3
Regular Contributor

Re: Wells Fargo Propel- RIP


@ptatohed wrote:

@FireMedic1 wrote:

" Wells Fargo now says the card will be discontinued entirely, even for existing users, starting Aug. 4, 2023. Current cardholders will be moved to the similar Wells Fargo Autograph℠ Card or the Wells Fargo Active Cash® Card, depending on their recent Propel usage."

Propel is done. No more. Nerfed.

https://www.nerdwallet.com/article/credit-cards/wells-fargo-to-shutter-propel-move-existing-users-to... 


But I think what @FalconSteve was questioning, and I agree, is, to me, nerfed means something's strengths are weekended.  So, in CC terms, a particular credit card's perks are reduced or eliminated.  But not the card itself is eliminated.  I would say the WF Propel is being cancelled, not nerfed, per se.  Nerfed might be if the Propel is still going to carry on but the 3X earn rate will be dropping to 2X. 

 

At least that's how I look at it.  Smiley Happy 


I agree. The Propel is being eighty-sixed.

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Message 10 of 15
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