You can always redeem for a statement credit or cash back if you find a cheaper flight or hotel on another site. Just be sure to compare prices on Go Far Rewards to other travel sites to ensure you are getting the best deal. Wells Fargo’s travel portal includes vacation packages and special deals on other travel purchases that let cardholders stretch their rewards a bit further. If you use your Propel card points to book travel through Go Far Rewards, you can often get great value out of them. Here are a few ways you can use points from your Propel card: Wells Fargo Propel redemption optionsĬash back (check, ATM withdrawal or direct deposit to Wells Fargo account) In almost all cases, you will get 1 cent per point. Unlike many rewards programs, you won’t lose point value by choosing a different redemption option. Wells Fargo Go Far Rewards points are very flexible. That means users can transfer Propel points to the Wells Fargo Visa Signature® Card* – which ekes 1.5 cents per point when redeemed for airfare. Wells Fargo allows Propel cardholders to easily transfer their points between other credit card accounts with the bank. What are Wells Fargo Propel card points worth?įor the most part, Wells Fargo Propel points have a 1 cent-per-point value, whether you redeem them for a travel purchase or cash back. Be sure to do the math to see whether the Propel card or a premium card is the better value for you. Tip: With its high earning rate, the Wells Fargo Propel card often beats the earnings on premium travel rewards cards with higher earning rates once you subtract those cards’ annual fees. This is an exceptionally high earning rate for a no-annual-fee card, putting the Wells Fargo Propel card on par with some premium travel cards. We estimate this amounts to a 1.78 percent earning rate for a cardholder who spends an average amount in the bonus categories. That means heavier spenders don’t have to worry about meeting a cap and earning sub-par rewards. With bonus categories including purchases such as dining and gas – which make up a significant part of many users’ budget – it is easy to rack up a substantial number of points.īest of all, there is no spend cap on the 3 point-per-dollar bonus categories. Cardholders earn 1 point per dollar on other purchases. The Wells Fargo Propel card has a lucrative rewards rate, including 3 points per dollar on dining, travel and transit, gas station purchases and select streaming services. Earning points with the Wells Fargo Propel The Capital One Venture Rewards Credit Card, for example, earns 75,000 miles if you spend $4,000 in your first 3 months and charges a $95 annual fee. That being said, cardholders eager for an initial influx of points to spend on travel might be better suited applying for a card that comes with an annual fee and a higher bonus. While this is not the largest introductory offer you’ll find among travel cards, it is top-notch for a card with no annual fee. Sign-up bonusĪ big perk of the Wells Fargo Propel card is its generous sign-up bonus – 20,000 points if you spend $1,000 in purchases in the first three months (worth $200 when redeemed as cash back). If you are eager to start racking up rewards points toward your next vacation – but not ready to spend $95 a year or more to do so – the Propel is a great option. With a generous rewards rate that awards bonus points in popular categories, the Wells Fargo Propel American Express card is one of the best no annual fee travel cards available.
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