Is the Wells Fargo Propel card worth it? If you are looking for a top-notch travel card without the annual fee, the Wells Fargo Propel card is one of the best available options. You'll earn a competitive rewards rate and receive many of the same travel protections that come with other travel cards.
The Wells Fargo Propel card is a near-perfect choice for those who want to score high earnings but can't stomach the idea of paying an annual fee for a credit card. ... Other options for your stash include statement credits, cash back from a Wells Fargo ATM or gift cards.
The Wells Fargo Propel American Express card also has a $0 annual fee and a 0% intro APR for the first 12 months on both purchases and qualifying balance transfers. If you have good or excellent credit and spend a lot in the Propel card's bonus categories, you should definitely consider applying.
The Wells Fargo Propel credit score requirement is 700 or higher. ... There are reports of users getting approved for the card with credit scores in the mid-600s, but those cases are rare. It's better to apply with a higher score to increase the odds of success. But even then, it still won't guarantee approval.
Your Wells Fargo Propel credit limit will be determined based on your creditworthiness, income, and debt. There are anecdotal reports of some Wells Fargo Propel cardholders getting credit limits of over $20,000, but Wells Fargo doesn't disclose a minimum or a maximum.
In addition to having no annual fee, Wells Fargo Propel doesn't charge a foreign transaction fee. In other words, Wells Fargo Propel isn't your average credit card. At 20,000 points (worth $200) for spending $1,000 within 3 months of opening an account, the Propel card's initial bonus is about the market average.
The easiest Wells Fargo credit card to get is the Wells Fargo Business Secured Credit Card because even people with bad credit can get approved. When you make a deposit to open the account ($500 min.), you'll get a credit limit equal to that deposit, up to $25,000. The annual fee is $0.
To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it's a good idea to have at least two or three credit cards.
Best Wells Fargo credit cards
If approved, you should have received your Propel card within 7-10 business days after approval. Wells Fargo does not offer expedited shipping for new credit cards.
The Wells Fargo two-card combination makes it relatively easy to earn enough points for free flights, and a nice kicker is that flights booked through the Go Far Rewards portal have also always earned redeemable and elite qualifying miles for me over the last two years.
Close no more than one credit card every six months, McClary says. "You want to be very careful about how you do it," he says. "Understand that even if you don't close them all at once – you just take them one at a time – it's still going to have a negative impact on your credit score," he says. Updated on Oct.
Yet No Comments