Wells Fargo has recently announced a new scheme for cardholders to make back money with its special cards through its many Wells Fargo Deals. Earlier, the Wells Fargo Propels American Express credit card was discontinued for applicants without an existing account. Applicants with an account were only qualified to receive one percent off their purchases. Now, the Wells Fargo Propels American Express has been expanded to include other rewards and benefits such as airline miles.
The new program provided with the Wells Fargo Propel American Express features the same incentives previously offered with the original American Express credit card. For example, the first three months of this credit card's membership are free. You can earn two reward points for every dollar that you use to purchase merchandise, with the maximum reward amount of fifty dollars per reward point. This means that for just the cost of the annual fee, you will be able to earn more than one hundred and twenty dollars in rewards.
One of the biggest perks offered with this deal includes the opportunity to earn up to five percent cash back on all purchases. Some of the purchases you can earn cash back on include gas, groceries, and toiletries. With an annual fee of just twelve dollars, the annual fee is significantly cheaper compared to the original APRs charged by the American Express. The additional incentives provided with the Wells Fargo Propel American Express are worth the fees paid to acquire this credit card. Rewards such as airline miles, cash back, bonus points, and restaurant coupons can make up for the annual fee.
Aside from airline miles, you can also earn four to five percent cash back for any other purchases made with your Wells Fargo Propel American Express. Other rewards included in the offer include hotel discounts, merchandise discounts, and car rental rewards. Other rewards include free stays at selected hotels, car rental discounts, and bonus points for the purchase of certain merchandise. Some incentives are tied to special offers from particular brands such as Lowe's, Home Depot, and K-Mart. Other incentives can be found in the forms of gift certificates, although these are usually only valid for a limited time period.
One downside to this credit card is that there is an annual fee attached. Fees start at one hundred and ten dollars, and the annual amount increase each year. While this option isn't ideal, it is still better than the alternative of not having a credit card. Also, it should be noted that this particular credit card doesn't cover all of your expenses. You will have to pay extra money out of pocket if you go out of your way to book hotel rooms, buy groceries, or pay for airline tickets.
If you decide to get this card, be sure you read everything you sign up for. Before you make purchases, be sure you know what these purchases are going to be and add any items to your monthly spending total. It is wise to keep this monthly total somewhere near the amount of the purchases. This way you will be able to figure out exactly what you need to set aside. Even though Well Fargo AMEX has a high percentage of approval, be smart about this one.
You have probably heard of the Wells Fargo Platinum Card. You may have even applied for one. This is a great credit card if you are in good standing with your bank and have a decent balance on your checking account. But what does it really offer? Let's take a look at the Wells ...
Metal debit cards are becoming more popular than they have been in the past. There are many reasons for this including the fact that it is more secure as well as more private than a traditional credit card with all of the extra fees that come along with it. This is becoming one of ...