By Adam Jusko, ProudMoney.com, firstname.lastname@example.org
Wells Fargo has beefed up the potential bonus for new holders of the Wells Fargo Propel American Express Card, with a 50,000-point bonus (worth at least $500) now available. Specifically, you can earn:
- 30,000 points when you spend at least $3000 with the card in the first three months of having the card.
- 20,000 more points if you spend $15,000 with the card in the first year.
Previously the card offered a 30,000-point bonus when hitting the $3000 threshold in the first three months, but the 20,000-point bonus for hitting $15,000 in the first year is new.
Wells Fargo calls this a “limited-time offer,” but no word on how limited the time is.
While Wells Fargo has taken a (deserved) beating in the press and in public opinion recently, the Wells Fargo Propel is one of our favorite credit cards, especially for those seeking cash back. It offers 3 points per dollar (generally worth a penny per point when redeemed) on a range of purchase categories, including travel purchases, gas, rideshares (Uber/Lyft), restaurants, and streaming services. It offers one point per dollar on purchases outside those categories. It also has no annual fee.
If interested, you can apply here.