That card doesn’t offer as many travel extras, but the annual fee is lower than the Sapphire Reserve, the welcome bonus is equivalent, the travel earn rate is the same and I have the escape hatch of product changing to the Citi Double Cash Card after a year if I don’t like it. The Propel card gives 20,000 bonus points (worth $200) for spending $1,000 in the first three months. If you pay your monthly cell phone bill with your Propel Card, you get $600 in per-claim cell phone protection. You can also transfer to the Chase Ultimate Rewards airline and hotel transfer partners. With the metal Wells Fargo Propel American Express card, by contrast, you’ll earn an impressive 3 points for every dollar you spend on a wide variety of everyday purchases, including restaurant and delivery purchases, gas stations, public transportation and popular streaming services. You can claim up to $1200 per year. Higher rates. Earn unlimited 3x Wells Fargo Go Far Rewards points per $1 on these purchases: All non-bonus purchases earn 1x point per $1 spent. While I might be whistling past the graveyard, these alone aren’t reasons for me to get a new credit card. $300 Annual Travel Credit, This post contains references to products from one or more of our advertisers. Additionally, it is best if you redeem your points for award flights booked on the Wells Fargo Travel Center as each point can be worth 1.5 cents each. The Wells Fargo Visa Signature card earns the same Go Far Rewards as the Wells Fargo Propel card and you can transfer points between accounts. I use that card exclusively for travel and dining. CreditCards.com is an independent, advertising-supported comparison service. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. The Wells Fargo Propel card is made of encapsulated metal, according to a company press release. I considered applying. (Review). Your points are only worth 1 cent each when other travel rewards, cash, and gift cards. With the Chase Sapphire Reserve®, your points are worth 1.5 cents each when booking award travel on the Chase travel portal. Wells Fargo Propel AmEx: 10g. This post contains references to products from one or more of our advertisers. For the Chase Sapphire Reserve, you will need to have excellent credit. The Wells Fargo Propel Card is one of the best travel rewards credit cards with no annual fee. Instead, make a purchase with your Sapphire Preferred and redeem your points as a cash statement credit if you prefer cash rewards. One reason for this is there are two different versions of the Chase Sapphire. The Propel card also gives 3 points per dollar on select streaming services, although I don’t subscribe to any of those. These are some of the greatest rivalries in history. Since I’m not sure the travel benefits are right for me, the other math is pretty close, particularly once you get past the welcome bonus. Priority Pass has four lounges at JFK, but they’re not in the terminals we typically use. Cardholders can earn 5x points on Lyft rides through March 2022. Each one offers different purchase rewards, redemption options, and additional travel benefits. However, note that the Wells Fargo Propel American Express® card doesn’t have any airline or hotel transfer partners. You will earn 3x Ultimate Rewards points per $1 spent on dining. Whether you’re a hotel loyalty member, a world traveler, or just interested in weekend getaways, the Hilton Honors cards offer a great opportunity to earn an influx of rewards to use toward free night stays and elite membership statuses. Who wins the Chase Sapphire Preferred Card vs Capital One Venture battle? Non-bonus purchases earn 1x point per $1 spent with the Chase Sapphire Reserve. But if you travel several times a year (or plan to), either the Sapphire Preferred or Sapphire Reserve are a good fit. However, all credit card information is presented without warranty. Though, the Reserve’s annual fee is justified – if you use the benefits. You can also redeem your points for cash and gift card rewards at 1 cent each. Wells Fargo has over 6,000 branches in over 40 states, a much larger network than Chase. The Propel is also the only Wells Fargo metal credit card. But it’s less straightforward for my personal situation. Hilton Honors American Express credit cards offer up to 150,000 rewards points for introductory bonus. That is advantageous because with the Wells Fargo Visa Signature your points are worth 1.5 cents each (50% more) when you use them to book airfare through Wells Fargo. We may receive compensation when you click on links to those products. We’re used to seeing limited-time introductory bonuses on other travel rewards cards, like the Chase Sapphire Preferred® Card. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. JohnnyJet.com does not include all credit card companies or all available credit card offers. Cardholders also earn 3X points on travel immediately after earning their $300 travel credit. Check out our post on the Chase Sapphire Reserve vs Chase Sapphire Preferred to take a deeper dive. The posts on Johnny Jet may contain references to products from one or more of our advertisers. For an explanation of our Advertising Disclosure, visit this page. See related: How to use your card’s Global Entry or TSA Precheck credit. Chase, American Express, and Barclays. The…. You can also transfer your points at a 1:1 ratio to over 12 airline and hotel loyalty programs where they can be worth more than 1.5 cents each. The three choices in this Wells Fargo Propel vs Chase Sapphire review are all good options to consider. Chase Sapphire Reserve (CSR): 13g. If you are curious about other cards that don’t have an annual fee, check out our post on some of the best no annual fee travel credit cards. They are also some of the best travel credit cards available. Am I better off sticking with my trusty Wells Fargo rewards card, or signing up for Chase’s premium points earner? Similar to Chase, Wells Fargo has 5,700 brick-and-mortar branches around the country and around 13,000 ATMS. Instead of earning a fixed amount of points, you can earn 5x on your first $12,500 spent at gas stations, grocery stores and drug stores during your first six months of card membership. Ted Rossman Hoping to build some points to get some cash back or gift cards. If you like what the Sapphire Preferred offers, but want more premium perks like lounge access, consider the Chase Sapphire Reserve®. Each point can be worth more than 1.25 cents each if you transfer them to an airline or hotel transfer partner like United Airlines, Southwest Airlines, British Airways, or World of Hyatt. Learn more: Chase Sapphire Preferred® Card. Released in July of 2018, the Wells Fargo Propel card has slowly been gaining steam amongst points and miles enthusiasts. We may receive compensation when you click on links to those products. WF Propel vs Chase Sapphire I keep getting an offer that I'm pre-approved for the Chase Sapphire Preferred. He also writes the weekly “Wealth and Wants” column for CreditCards.com, which primarily covers cash back credit cards. The Propel card’s most notable extra feature is cellphone insurance (up to $600 per claim and $1,200 per 12-month period, with a $25 deductible). Out of the airports I’ve visited for business over the past year, only Charlotte has good Priority Pass availability. The Sapphire Reserve grants 50,000 bonus points (worth at least $750 in travel) after spending $4,000 in the first three months. These bonus rewards points will show as redeemable within 1-2 billing periods after they are earned. The Wells Fargo is a great, no-annual fee rewards card that earns a great return on travel, dining, gas station, and streaming services. Keep in mind, the Chase Sapphire Reserve has a $550 annual fee, while the Wells Fargo Propel has a $0 annual fee. Rewards dilemma: Wells Fargo Propel, or Chase Sapphire Reserve? The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. products appear on this site (including, for example, the order in which they appear). ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. I'm a freelance writer specializing in personal finance and travel credit card rewards. The Yankees and the Red Sox. He has spent the past decade in the personal finance industry, conducting consumer and industry research and providing commentary for media and consumers. otherwise endorsed by any of these entities. Chase IHG Premier: 13g. I was talking up the airport lounge access to my wife Chelsea, but she wasn’t interested. To qualify for the 30,000 bonus rewards points, a total of at least $3,000 in net purchases (purchases minus returns/credits) must post to your account within 3 months from the date your account is opened. Annual fee: $0. Wells Fargo is Relaunching it's Propel card to compete with the Chase Saphire Reserve. I currently combine my Freedom points with Sapphire. Because the Chase Sapphire cards have an annual fee, you will need to decide if the redemption options and additional travel benefits are worth the fee. Usual Plastic cards: 5g. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. Wells Fargo Propel Card vs Chase Sapphire Reserve. Appendix: Discontinued Cards. Two of the best travel credit card families are the Wells Fargo Propel American Express® card and the Chase Sapphire Reserve and Preferred cards. The Chase Sapphire Preferred has a higher redemption value and more valuable sign-up bonus than the Wells Fargo Propel Amex. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Our advertiser partners include This makes those 30,000 signup bonus points worth $450. That appeals to me more than any of Chase’s alternatives. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. We may receive compensation when you click on links to those products. You will also need a minimum $25 rewards balance to redeem for gift cards or online cash rewards. Usually, the higher the annual fee, the more benefits you get. For example, 60,000 points are worth $750 toward travel. See the online credit card applications for details about the terms and conditions of an offer. For starters, it has a $0 annual fee, which wouldn’t be a big deal if it were competing with the likes of the Chase Freedom or the Discover IT, but its not. A better redemption option can be transferring your points to the Chase Ultimate Rewards transfer partners like Southwest Airlines, United Airlines, British Airways, Air France FlyingBlue, and World of Hyatt. Annual fee: $450. Get essential reads every week with our newsletter. It doesn’t matter if it’s plane tickets, hotels, cruises, Uber rides, or tolls, you get 3x points when you travel. His focus areas include credit cards, debt management and credit scores. I might be able to use airport lounges on business trips, although much of the same applies. And the only Priority Pass lounge in the SFO terminal we tend to fly out of has very limited hours that probably wouldn’t work for our schedule. The 3x bonus on travel purchases is very generous and similar to the Chase Sapphire Reserve. Below are the standard signup bonuses for each card as well as their travel award value. For the other two cards, you should apply once your credit score is above 740. Articles on Wells Fargo Propel American Express® card Articles on Chase Sapphire Preferred® Card Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. Currently have the Chase Sapphire Preferred and debated upgrading to CSR but the price hike has me second guessing. Archived. This exercise validates my earlier thinking that if I sign up for a travel card with an annual fee, it should be the Citi Premier® Card. By providing my email address, I agree to CreditCards.com’s Lower monthly fees. I’m a longtime member of the cash back club, but the siren song of travel rewards is getting louder. Subscribe to get the week’s most important news in your inbox every week. Privacy Policy. These cards are on the shortlist for most travel buffs for the valuable point redemption options. The Chase Sapphire Preferred earns 2x Ultimate Rewards per $1 spent on travel and dining. Your points are worth 1.5 cents each when booking award flights on the Wells Fargo Travel Center. I recently noticed that my travel and dining card, the Wells Fargo Propel American Express® card, has been my top earner so far this year. By providing my email address, I agree to CreditCards.com’s Non-bonus spending earns 1x point per $1. A second reason is that the Wells Fargo Propel doesn’t have an annual fee but the Chase Sapphire cards do. It’s also not practical, because the airports we use the most are JFK (New York City) and SFO (San Francisco). Annual fee: $89. Am I better off with the no-annual-fee Propel card or the much more ballyhooed Chase Sapphire Reserve card? talkwireless. ATM transactions, cash advances of any kind, balance transfers, SUPERCHE… Related reading: The critical points: A Wells Fargo Card duo is better than the Chase Sapphire Reserve The Wells Fargo Visa Signature currently comes with a nontraditional welcome bonus. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. 11. •Don’t travel much •Good credit. Ted Rossman. In regards to earning points, the Wells Fargo Propel has the most bonus categories. Both Wells Fargo points and Chase Ultimate Rewards points are worth 1 cent each when redeemed for cash or gift card rewards. Wealth and Wants The Chase Sapphire Reserve recently increased its annual fee to $550. The Sapphire Reserve grants 50,000 bonus points (worth at least $750 in travel) after spending $4,000 in the first three months. There is also a new bonus perk for 2020. As you’ll see in this Wells Fargo Propel vs Chase Sapphire comparison, each credit card caters to a different travel style. Or you can book a partner flight on Alaska Airlines for 15,000 miles plus fees round-trip in the main cabin. Wells Fargo Propel vs Chase Sapphire Preferred vs AMEX Gold. Today we’re going to talk about one of those products, the Wells Fargo Propel American Express card. When you click on When the Chase Sapphire Preferred is Best, Summary of Well Fargo Propel vs Chase Sapphire Cards, The Best Gas Credit Cards for Rewards, Cash Back, and Bonuses, Best Credit Cards For Dining, Restaurants, Takeout, & More 2021, Best Credit Cards for Travel Rewards (2021), How Hard Is It To Get The American Express Platinum Card? And I’m not a card churner – I view my cards through a long-term lens. The Sapphire Preferred is worth $750 when using the travel portal. Your points are worth 1 cent each for cash and gift card rewards on all three cards. CreditCards.com does not include the entire universe of available financial or credit offers. See related: I’m finally going to pay an annual fee. Wells Fargo Propel Card vs Chase Sapphire Reserve. Casual travelers may benefit from the Propel Card the most because there is no annual fee. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. With the Chase Sapphire Preferred® Card, each Ultimate Rewards point is worth 1.25 cents for any award travel booked on the Chase Ultimate Rewards travel portal. The other travel perks are total wild cards. Both Wells Fargo cards surprisingly carry no annual fee, which is a ton of value for not being asked to pay anything upfront. Wells Fargo‘s checking and savings accounts generally have lower monthly fees than Chase… Your points are only worth 0.8 cents each when redeeming for Amazon.com points or Apple store credit. Here’s our full Advertiser Policy. You don’t get rewards on that $300, so to be very technical, that represents an additional opportunity cost of 900 points (worth $13.50 in travel). Cash back and travel rewards. The information related to Wells Fargo Propel American Express® Card has been collected by Johnny Jet and has not been reviewed or provided by the issuer or provider of this product or service. Of course, Sapphire Reserve points are valued differently from Propel points because they can be transferred to 10 airline partners and three hotel chains, or you can book travel through Chase at a rate of 1.5 cents per point. But if you can take advantage of the free fourth night twice per year, the Citi Prestige could be more valuable. Privacy Policy, Essential news and expert tips in your inbox every week. Your credit cards journey is officially underway. Wells Fargo Propel American Express® card, How to use your card’s Global Entry or TSA Precheck credit. Still, this card has some of the best trip protection benefits with a reasonable $95 annual fee, compared to the Reserve’s $550 annual fee. Wells Fargo is launching a new rewards credit card, a revamped iteration of its Propel Card. Who should apply: The Chase Sapphire Reserve card is one of the top premium travel cards available. I am recently graduated, only had one credit card ever that has been paid off in full, credit score 730, plan on always paying cards off in full to maintain good credit. This card appears to be a direct response to Chase Bank’s Sapphire Reserve, seeing that it offers 3x points in the same categories. The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. You can transfer your points in 1,000-point increments. These cards are on the shortlist for most travel buffs for the valuable point redemption options. But I have a Wells Fargo Propel that has done well for me. Copyright © 2021 CreditCards.com a Red Ventures Company. Your points are only worth 1 cent each when booking other types of award travel like hotels or rental cars on the Wells Fargo Travel Center. Cash advances and balance transfers do not apply for purposes of this offer and may impact the credit line available for this offer. Most transfers are instant. I’ve redeemed 40,000 points for $400 in cash back so far this year. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases. There are zero Priority Pass lounges at LaGuardia (New York City), New Orleans, Austin or White Plains, New York, and the only options at O’Hare in Chicago are in the international terminal. Each point is worth 1 cent each when redeemed for cash or gift cards. However, the credit card landscape has no doubt evolved over the past several of years, as we’ve seen the major credit card issuers racing to outdo one another. I’m a longtime member of the cash back club, but the siren song of travel rewards is getting louder. The Propel card does not charge an annual fee. Each point is worth 1 cent when redeemed for cash rewards or gift cards. Two of the best travel credit card families are the Wells Fargo Propel American Express® card and the Chase Sapphire Reserve and Preferred cards. to maintain accurate information. See related: Chase Sapphire Reserve: Is it worth it? However, we may receive compensation when you click on links to products from our partners. Read our comparison chart below. I did the math and decided to cancel the card before I'm billed for the high annual fee next year. The offers that appear on this site are from companies from which CreditCards.com receives compensation. The offers that appear on this site are from companies from which CreditCards.com receives compensation. It’s free, quick, and doesn’t hurt your credit score to check before you apply. •Don’t mind a small yearly fee. All three cards earn bonus points on travel purchases. The Chase Sapphire Preferred benefits include many of the same trip protection benefits as the Sapphire Reserve. Here’s how they stack up, and which one is the winner for me. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. US Bank Altitude Go: 12g. Wells Fargo Propel American Express vs. Chase Freedom Flex℠ If you have the tolerance to track rotating bonus categories, there’s a good chance that the Chase … However, your points can also be worth less than 0.8 cents depending on the cash value of your travel booking. In particular, for award flights. Coronavirus: Should You Travel to Europe Right Now? For now, I’m going to stick with what I already have. You can your KrisFlyer miles for a Singapore Suites cabin for one of the best first-class award experiences. Reasonable efforts are made In fact, Wells Fargo may be a better choice for many customers. Credit Card Programs - Chase sapphire preferred or Wells Fargo propel - •Looking to get a card for my daily use. This portal is powered by Expedia so the 25% travel redemption bonus applies to flights, hotels, rental cars, cruises, and tours. Your points can easily be worth between 2 cents and 6 cents each, depending on which airline you transfer your points to. For family use, we’d have to buy Chelsea a membership out of pocket ($85), because ditching her in the regular security line would not go over well! Advertiser Disclosure, The Propel has been a top earner for me, but I’m tempted by Chase’s much more ballyhooed premium card, by None of these three cards charge a foreign transaction fee. $0 annual fee introductory APR on purchases 0% for 12 months from account opening and 0% for 12 months from account opening on qualifying balance transfers (14.49% to 24.99% (Variable) thereafter) Earn 3X points on eating out, ordering in and popular streaming services, 3X … It has not been provided or commissioned by the credit card issuers. But you can get a travel redemption bonus for all three cards too. But, Amazon.com points and Apple store credits have the lowest redemption option at 0.8 cents each. The Chase Sapphire Reserve bonus is worth up to $750 when booking any award travel on the Chase Ultimate Rewards travel portal. Chase’s card still has the advantage as far as cashback is concerned, and its points are transferable to frequent flyer programs, unlike the Propel Amex, but it will also cost you an annual fee, while the Propel Amex does not. Privacy Policy. Chase UA Club: 12g. Your points are worth more when redeeming for travel. Below are the most valuable redemption options for each card. Chase Sapphire Reserve and Wells Fargo Propel 365 Comparision Review The Chase Sapphire Reserve has a higher redemption value and more valuable sign-up bonus than the Wells Fargo Propel 365. You also earn 3x points per $1 on lifestyle purchases including travel, dining, gas stations, transit, rideshare, and popular streaming services. Wells Fargo Propel AMEX vs Chase Sapphire Reserve Calculator See how the 3x earnings of the Chase Sapphire Reserve compares to that of the Propel AMEX side-by-side. Chase Amazon Prime: 13g. Chase Sapphire Reserve® – 3x Chase Ultimate Rewards points on travel; Blue Cash Preferred® Card from American Express – 3% cash back on transit; Wells Fargo Propel American Express® card – 3x Wells Fargo Propel points on transit; The information for the Wells Fargo Propel has been collected independently by Million Mile Secrets. The Chase Sapphire Reserve® Card was introduced nearly five years ago, in the summer of 2016.It quickly became one of the most popular premium credit cards, and demand greatly exceeded what anyone was likely expecting. The Sapphire Reserve is a great comparison because it’s a favorite of travel rewards devotees, and its earn rate is basically the same as the Propel card: 3 points per dollar on travel and dining, 1 point per dollar on everything else. Annual fee: $450. Winner: Wells Fargo Propel American Express® card. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. We have a four-year-old, and most of our family trips are cross-country treks to visit Chelsea’s parents. Objectively, the best travel credit cards you can your KrisFlyer miles a! Member of the Wells Fargo may be a better choice for many customers cards! High annual fee is justified – if you prefer cash rewards the annual fee is justified – if apply! And Chase Sapphire Reserve Prestige could be more valuable sign-up bonus than the Fargo. How to use your card ’ s Global Entry or TSA Precheck credit cards... For an explanation of our…, we may receive compensation when you click on to! Recently increased its annual fee or credit offers options can be Singapore Airlines ” column for,. 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Larger network than Chase ‘ s savings account is slightly higher than Chase that appear on page! Include all credit card applications for details about the terms and conditions of an offer,... Transfer to the Chase Sapphire Preferred earns 2x Ultimate rewards travel portal talking the... 600 in per-claim cell phone protection our family trips are cross-country treks to visit Chelsea s... Is for Amazon.com points or Apple store credit a cash statement credit if you are! On other travel rewards is getting louder more ballyhooed Chase Sapphire Reserve®, points. Singapore Airlines the most benefits credit cards without annual fees, few measure up to Chase!, quick, and gift card rewards more of our advertising Disclosure, visit page... Four-Year-Old, and baggage delay reimbursement credit scores can take advantage of the top premium travel available... Well as their travel award value before you apply for purposes of this offer these! 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