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Wells Fargo Propel 365 American Express(R) Card (Photo: Business Wire)

Stocks in this article: AXP WFC

Wells Fargo & Company (NYSE: WFC) and American Express (NYSE: AXP) today launched the new Propel 365 and Propel World credit cards, which will be available for Wells Fargo customers and accepted on the American Express network. The new cards, issued by Wells Fargo, offer customers the ability to maximize everyday spending to earn rewards faster, enjoy rich and competitive offers, benefit from enhanced protections while shopping and traveling, and receive advance access to entertainment, merchant discounts and a dedicated concierge service.

Wells Fargo Propel World American Express(R) Card (Photo: Business Wire)

Wells Fargo Propel World American Express(R) Card (Photo: Business Wire)

“Last year, we announced our partnership with American Express as part of our goal to earn more of our customers’ credit card business and help them succeed financially through distinctive and compelling offerings,” said Avid Modjtabai, head of Wells Fargo’s Consumer Lending Group. “The culmination of this partnership is Propel 365 and Propel World – two new credit cards that offer upgraded travel experiences, accelerated rewards on travel and every day purchases and powerful bonuses for Wells Fargo relationships. We are excited to partner with American Express, a company that shares our history and commitment to delight customers in every interaction.”

The Propel 365 credit card maximizes a cardholder’s everyday spending by offering triple rewards points on domestic gas purchases and double points on domestic restaurant charges. Propel 365 cardholders can also take advantage of an annual Wells Fargo relationship bonus to earn an extra 10, 25 or 50 percent on their rewards points by maintaining a qualifying Wells Fargo checking or savings account or a PMA® package. Cardholders will also benefit from access to unique offers from top brands through Amex Offers, as well as concierge services that help with a wide range of activities from securing concert tickets to making restaurant reservations and providing gift suggestions. In addition, Propel 365 cardholders who like to travel will not pay foreign transaction fees.

The Propel World credit card is designed for travelers and provides chip technology to protect cardholders as they spend globally. Cardholders will benefit from an annual $100 fee reimbursement on incidental airline charges and will not pay foreign transaction fees. Propel World cardholders can also earn triple points on airline purchases and double points on hotel purchases, take advantage of special offers, amenities and upgrades at luxury hotels around the world and be supported by 24/7 premium concierge services. In addition, cardholders have the ability to earn an extra 10, 25 or 50 percent on their rewards points by maintaining a qualifying Wells Fargo checking or savings account or a PMA® package.

“These cards have a strong value proposition because of the combined benefits that both Wells Fargo and American Express can provide together,” said Beverly Anderson, head of Wells Fargo’s Consumer Financial Services group. "We believe these combined benefits stand firmly against our competitors’ offerings and combined with the personal relationships we have with our customers, will provide some of the best value in the market today."

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