Author Topic: Wells Fargo launches new CC lineup. (Read 7871 times)

menachem_m · « **on:** May 02, 2014, 01:29:28 AM »

Quote

We are pleased to introduce the Wells Fargo Propel World American Express® Card.

Earn 3X points on Airlines, 2X points Hotels, and 1X on all other net purchases (purchases minus returns/credits)1
Earn 40,000 bonus points when you spend $3,000 in net purchases in the first 3 months.2
You will earn an annual bonus of 10%, 25%, or 50% more on non-bonus rewards points if you maintain a qualifying consumer Wells Fargo Checking or Savings Account, or a PMA® Package3
Up to $100 in reimbursements applied toward incidental travel charges you make with your card such as airline lounges, baggage fees, or onboard meals and entertainment4
No Foreign Currency Conversion Fees, plus greater global card acceptance with EMV chip technology.5 See the Terms and Conditions below
All this and more for a $0 Introductory Annual Fee for the first year, $175 for each year after that.5 See the Terms and Conditions below

https://www.wellsfargo.com/credit-cards/propelworld/
https://www.wellsfargo.com/credit-cards/propel365/

robbie · « **Reply #1 on:** May 02, 2014, 01:37:12 AM »

How are the rewards points?

Malachi · « **Reply #2 on:** May 02, 2014, 11:56:45 AM »

Quote from: robbie on May 02, 2014, 01:37:12 AM

How are the rewards points?

anyone?

michael · « **Reply #3 on:** May 02, 2014, 12:04:47 PM »

Seems to provide a statement credit for a penny a piece. Needs a login to see the travel rewards.

jaywhy · « **Reply #4 on:** May 02, 2014, 12:38:41 PM »

3% unlimited cash back on flights is not bad at all.

SearchGuy · « **Reply #5 on:** May 02, 2014, 03:27:18 PM »

From SD:
Points can be redeemed at 1c = 1 point for statement credit or a check, making the 40k points worth $400 (plus the $100 in incident airline charges to bring us to $100). You can also redeem them for airline tickets, it's supposed to also be 1c = 1 point, but for some reason it turns out to be more like 1.5c = 1 point. You do have to pay a $24 booking fee though.

@Yehuda · « **Reply #6 on:** May 02, 2014, 03:28:24 PM »

Quote from: SearchGuy on May 02, 2014, 03:27:18 PM

From SD:
Points can be redeemed at 1c = 1 point for statement credit or a check, making the 40k points worth $400 (plus the $100 in incident airline charges to bring us to $500). You can also redeem them for airline tickets, it's supposed to also be 1c = 1 point, but for some reason it turns out to be more like 1.5c = 1 point. You do have to pay a $24 booking fee though.

FTFY

emak · « **Reply #7 on:** May 02, 2014, 06:09:21 PM »

Where do they pull from?

satturn · « **Reply #8 on:** May 07, 2014, 03:29:23 AM »

Quote from: emak on May 02, 2014, 06:09:21 PM

Where do they pull from?

rumor has it - ex

satturn · « **Reply #9 on:** May 07, 2014, 03:34:58 AM »

propel world -card has full amex benefits- return protection etc.
Plus
no foreign transaction
$100 statement credit for airline incidentals- no need to sign up with a specific airline- all carriers and can be used for airline branded lounges.

some sort of hotel program membership- that allows free upgrades and breakfast, and other benefits at 1000 plus hotels worldwide

car rental price reduction.

3X points on Airlines, 2X points on Hotels, 1X point on all other net purchases (purchases minus returns/credits

chip technology

free for the first year $175 after

dirah · « **Reply #10 on:** June 11, 2014, 10:56:00 AM »

Here is my experience, it might help others.
I applied for Propel World.
Two pulls, TU and EX (in NY).
Despite high credit score, and income on the books, Wells Fargo denied it.
They initially requested that I substantiate my income with tax returns, which I did.
Then they denied the appliaction, and the reps said it was due to "high credit to disposable income ratio".
This is even though I carry no balance over from month to month.

[By way of comparison, I applied for other cards with BoFa, Chase and Barclays on the same day, and every single other card was approved with credit lines in the high teens.]

This sounds like a card to avoid.
Unless someone else has had a better experience.

sillypainter · « **Reply #11 on:** June 11, 2014, 11:00:31 AM »

Quote from: dirah on June 11, 2014, 10:56:00 AM

Here is my experience, it might help others.
I applied for Propel World.
Two pulls, TU and EX (in NY).
Despite high credit score, and income on the books, Wells Fargo denied it.
They initially requested that I substantiate my income with tax returns, which I did.
Then they denied the appliaction, and the reps said it was due to "high credit to disposable income ratio".
This is even though I carry no balance over from month to month.

[By way of comparison, I applied for other cards with BoFa, Chase and Barclays on the same day, and every single other card was approved with credit lines in the high teens.]

This sounds like a card to avoid.
Unless someone else has had a better experience.

Same experience. To me it looks like you must have a banking relationship with them.

12HRS · « **Reply #12 on:** June 11, 2014, 11:08:23 AM »

back in the day when i had my bank accounts with them they were impossible to get a cc with. only would approve me for a secured even though i had money in their banks. I'd probably still have some accounts with them if not for that.

zw · « **Reply #13 on:** June 11, 2014, 05:00:03 PM »

Quote from: dirah on June 11, 2014, 10:56:00 AM

Here is my experience, it might help others.
I applied for Propel World.
Two pulls, TU and EX (in NY).
Despite high credit score, and income on the books, Wells Fargo denied it.
They initially requested that I substantiate my income with tax returns, which I did.
Then they denied the appliaction, and the reps said it was due to "high credit to disposable income ratio".
This is even though I carry no balance over from month to month.

[By way of comparison, I applied for other cards with BoFa, Chase and Barclays on the same day, and every single other card was approved with credit lines in the high teens.]

This sounds like a card to avoid.
Unless someone else has had a better experience.

Thanx for posting your experience with them, will save me time and pulls

cheapascanbe · « **Reply #14 on:** June 12, 2014, 05:27:12 PM »

I applied for and received the cards but have a Wells Fargo loan and a credit score around 800

Malachi · « **Reply #15 on:** June 12, 2014, 08:08:01 PM »

I applied. And they needed income verification. Waste of a pull. My advice don't do it If you have no banking relationship.

MarkS · « **Reply #16 on:** June 12, 2014, 08:56:32 PM »

I have joint checking there with my wife.

We each applied and got approved instantly for over 10K

Nitantnel · « **Reply #17 on:** June 12, 2014, 09:45:02 PM »

Quote from: MarkS on June 12, 2014, 08:56:32 PM

I have joint checking there with my wife.

We each applied and got approved instantly for over 10K

Congrats! I take credit for that

But my experience is similar to that of the previous posters. They are a difficult nut to crack.

Thingywingy · « **Reply #18 on:** May 16, 2015, 11:28:08 PM »

Just saw this card on with same 40k offer. Any recent experience applying for the card? Are they still giving hard time to non-WF customers?

sams · « **Reply #19 on:** May 16, 2015, 11:32:23 PM »

Quote from: Thingywingy on May 16, 2015, 11:28:08 PM

Just saw this card on with same 40k offer. Any recent experience applying for the card? Are they still giving hard time to non-WF customers?

yep told me friend only approve you if have account.we both opened checking and both got accepted. Best to do in branch