Wells Fargo Phone Insurance Review (Claims, Coverage) [2020]

Wells Fargo phone insurance is one of the underrated perks offered by Wells Fargo cards. It’s one of those perks you don’t think too much about until you need it and then it’s a huge lifesaver.

But what exactly is covered with the Wells Fargo phone insurance and how does it work?

This review article will walk you through what is covered by this benefit so you’ll know what to expect. I’ll also show you how to file a claim and what you can expect during the claims process.  

Interested in finding out the top travel credit cards for this month? Click here to check them out! 

What is Wells Fargo phone insurance?

Wells Fargo phone insurance is offered by certain credit cards and it will protect you up to $600 protection (subject to a $25 deductible) against damage or theft.

The low $25 deductible is a great deal since some other cell phone protection policies require you to put down $100. Moreover, you can get this benefit with credit cards that come with no annual fee, making it easier than ever to save on phone replacements and repairs.

Tip: Use WalletFlo for all your credit card needs. It’s free and will help you optimize your rewards and savings!

What cards offer Wells Fargo phone insurance?

Many Wells Fargo cards offer this protection so you just need to check the terms and conditions of your Wells Fargo card to make sure that it offers the coverage. One of the top cards that offers this perk is the Wells Fargo Propel which earns Earn 3x points on:

  • Eating out and ordering in;
  • Gas, rideshares, and transit;
  • Flights, hotels, homestays, and car rentals;
  • Popular streaming services.

The Wells Fargo Propel also comes with no annual fee so it can be well worth it for many people looking to pick up this protection without paying out a lot to receive it. The Wells Fargo Cash Wise is another great choice to getting this benefit and that card earns 1.5% back on all purchases, which is pretty solid. And finally, the Wells Fargo Platinum Visa Card is another common choice with this cell phone protection.

How much coverage can I get?

The amount of coverage you’ll receive depends on the level of damage done to your mobile device. If they can repair the phone, you’ll typically be limited to the cost of the repair but if it needs to be replaced you’ll be limited to the value of the phone.

Keep in mind that regardless of the value of the damage or repairs, you’ll be limited to a maximum benefit limit of $600 per claim and $1,200 per 12 month period. 

How to get coverage

The Wells Fargo phone insurance is only available when cell phone bills are paid from your Wells Fargo Consumer Credit Card.

I don’t usually advocate for auto-pay but when it comes to cell phone protection, I think it usually makes sense just to go with auto-pay to ensure that you’ll be protected.

Note: this coverage does not apply if the cell phone bill is paid from a Wells Fargo Debit Card, Wells Fargo Business Credit Card, Wells Fargo Commercial Card or from the card that is linked to a Line of Credit. This is a big difference from the Chase Ink Preferred which offers cell phone protection as a Chase business credit card.

phone insurance
Phone insurance can come in handy!

Pre-paid plans don’t get coverage

Coverage does not apply to cell phones that are rented, borrowed, or received as part of a prepaid plan. Electronic failure or issues related to the software of the device are not covered.

When does the protection begin?

The coverage begins the first day of the calendar month following your first cell phone billing on your Wells Fargo Consumer Credit Card, and remains in effect when you continue to charge your total monthly cell phone bill to your Wells Fargo Consumer Credit Card.

If you fail to make a Cellular Wireless Telephone bill payment in a particular month, the protection is suspended until the first day of the calendar month following the date of any future bill payment with an eligible Wells Fargo credit card while the Cellular Telephone Protection Benefit continues to be offered.

Is the coverage primary?

This coverage is not primary. Instead, this is supplemental coverage not otherwise covered by another insurance policy (for example, cell phone insurance programs, or your homeowner’s, renter’s, automobile, or employer’s insurance policies) and may be applied after all other insurance.

So let’s say you have $1,000 worth of damage and your renter’s insurance will cover you for $500. That means that you should still be able to get the remaining $500 covered with the Wells Fargo benefit, subject to the $25 deductible.

Does Wells Fargo phone insurance cover lost phones?

One of the biggest questions about this coverage is whether or not this protection will kick in if you lost your cell phone. Unfortunately, this benefit does not cover cell phones that are lost (i.e. disappear without explanation).

If you can’t provide any evidence or documentation that your phone was stolen or damaged, then there’s a chance that they might decide that it looks like your phone has “mysteriously disappeared” without explanation and you might not get coverage.

“Mysterious disappearance” means the vanishing of an item in an unexplained manner where there is absence of evidence of a wrongful act by a person or persons. So this means that you need to make sure you collect all the evidence possible to support your claim.

How to file a Wells Fargo phone insurance claim

If you need to file a cliam the first thing you should do is call the benefit administrator number at 866-804-4770 (or collect at 303- 967-1096)

Make sure that you call within 60 days of damage or theft or your claim may be denied.

The benefit administrator representative will ask you for some preliminary claim information and then they will send you a claim form. Note that this claim form must be completed, signed, and returned with all the requested documentation within 90 days from the date of damage

What documents do I need?

Here are the documents that you’ll be required to show if you need to file a claim:

  • Your completed and signed claim form.
  • Copies of Your card statement reflecting monthly payments for the month preceding the date of damage or theft.
  • A copy of Your current wireless service provider billing statement.
  • A document from the phone provider or other sufficient proof, as determined by the benefit administrator, that the telephone you are claiming is currently linked to your account (you can often find this online when you log-in to your cell phone provider).
  • If the claim is due to theft or criminal action, a copy of the police report.

But note that you might need to send in additional documentation, such as:

  • an itemized estimate of repair from an authorized Cellular Telephone repair facility or
  • the damaged cell phone (so don’t lost the phone or throw it away)
  • an itemized store receipt for the replacement Cellular Wireless Telephone showing the purchase was made at a cellular service provider’s retail or Internet store (for example Verizon Wireless, Sprint Wireless, etc.)
  • Documentation (if available) of any other settlement of the claim.

All claims must be fully substantiated as to the time, place, cause, and purchase price of the Cellular Wireless Telephone, so this means that you need to do your best to preserve all receipts and other related documents so that you have a smooth experience.

Wells Fargo phone insurance FAQ

Are phone accessories covered?

No, accessories other than standard battery and/or standard antenna provided by the manufacturer are not covered.

What if it’s damaged in the mail?

You won’t get coverage if your damage occurs under the care and control of a common carrier (including, but not limited to, U.S. Postal Service, airplanes, or delivery service).

Am I covered if it’s taken from my person?

Well Fargo states that you won’t be covered if your phone is stolen from baggage unless hand-carried and under your personal supervision, or under the supervision of your traveling companion who is previously known to you.

So unless you’re storing your phone in a bag carried by yourself or a travel companion, you likely won’t have coverage.

There are some other weird rules that don’t allow for coverage like if your phone is stolen from a construction site, so be on the lookout for those rules.

What if my phone is just scratched?

In order to get coverage, you need to have damage that impacts the phone’s ability to make or receive phone calls. So just because your device gets a bit scratched up, that does not mean that you’ll be able to receive coverage.

How long will it take to be reimbursed?

Wells Fargo notes that under normal circumstances, reimbursement will take place within 10 business days of receipt and approval of claim form and all required documents.

Does it cover smart phones like iPhones?

Yes, as long as you meet all of the eligibility requirements your smart phone should be covered whether it’s Apple, Samsung, etc.

Where can I find out more?

You can read more about this benefit from Wells Fargo by clicking here.

Final word

The cell phone protection is a great benefit that really adds a lot of value to the Wells Fargo credit cards. It’s very nice that you don’t have to worry about a $100 deductible when damage occurs so it can make a lot of sense to choose to pay your cell phone bill on a Wells Fargo credit card like the Propel.

Wells Fargo Cash Wise vs Capital One® Quicksilver® Cash Rewards Credit Card (1.5%+ back) [2020]

The Capital One® Quicksilver® Cash Rewards Credit Card is one of the most well known credit cards on the market due to Capital One’s marketing efforts. Meanwhile the Wells Fargo Cash Wise credit card is probably one of the least talked about credit cards. But that shouldn’t be the case. Here’s a look at the Wells Fargo Cash Wise vs Capital One Quicksilver with my preferred choice chosen at the end. 

You might also be interested in seeing the comparison between the Freedom Unlimited vs the Wells Fargo Cash Wise here

Update: Some offers are no longer available — click here for the latest deals!

Early spend bonus

With the Wells Fargo Cash Wise you can earn $200 cash back after spending $1,000 in the first three months. One drawback to the Wells Fargo Cash Wise is that you may have to wait up to three months to receive your bonus which many people find frustrating since they can usually hit the spend requirement in much less time.

With the Capital One Quicksilver, you’re only given $150 after spending $500 in the first three months so the early spend bonus is not quite as lucrative as the offer from the Wells Fargo Cash Wise but the spend requirement is also 50% less.

Tip: Use WalletFlo for all your credit card needs. It’s free and will help you optimize your rewards and savings!

Cash Wise vs Quicksilver bonus earning

Both credit cards earn 1.5% back on purchases so it’s a tie on the standard bonus earning.

However, the Cash Wise offers an additional 20% bonus on mobile wallet transactions for a total of 1.8% cash rewards during the first 12 months from the date the account is opened. So if you use things like Apple Pay, Samsung Pay, or Google Pay then you could earn 1.8% back on all of those purchases for a year.

Other bonus earning potential

If you want a Wells Fargo card with bonus earning on categories like dining gas, the Wells Fargo Propel card could be a good fit for you.

Also, Capital One has a fantastic no annual fee credit card that is one of the best cash back credit cards for dining known as the Capital One Savor. It earns 3% cash back on dining and 2% cash back on groceries and also comes with a $150 early spend bonus after you spend $500 in the first 3 months. 

No annual fees

Both cards come with no annual fee. 

Cash Wise vs Quicksilver: 0% intro APR

0% intro APR on purchases

The Wells Fargo Cash Wise earns 0% APR on the first 12 months but the Capital One Quicksilver earns 0% intro APR for 9 months, so the Wells Fargo Cash Wise definitely has the edge with the 0% APR period.

Balance transfer fees

The Wells Fargo Cash Wise incurs a balance transfer fee of 3% and the 0% APR balance transfer period lasts for lasts for 12 months. The Quicksilver also has a balance transfer fee of 3% but once again its intro period only lasts for 9 months.

Thus if your plan is to take a year to pay down or pay off a balance then the Wells Fargo Cash Wise is going to be the best option.

Also it’s worth noting that Wells Fargo has the Wells Fargo Platinum Visa Card which offers a 0% APR period for up to 18 months.

Cell phone benefit

The Wells Fargo Cash Wise comes with built-in cell phone protection. All you have to do is pay your monthly cell phone bill with the Wells Fargo Cash Wise and you’ll get up to $600 protection for damage or theft of a cell phone.

Reimbursement is limited to the repair or replacement of your original cell phone, less a $25 deductible with a maximum benefit limit of $600 per claim and $1,200 per 12 month period. This benefit does not cover cell phones that are lost.

Paying a $25 deductible is nothing. Consider that other cards like the Chase Ink Preferred charge $100 as a deductible.

Also, AppleCare for the iPhone X is $199 and would cost you an additional $29 fee for screen damage and a $99 fee for other damage. Without AppleCare, a screen repair on the iPhone X costs $279 and “other damage” costs $549.

So while the Wells Fargo Cash Wise cell phone benefit won’t provide you with the full range of support as AppleCare, knowing that you can repair an iPhone for only $25 out of pocket is a very valuable perk and arguably one of the best features of the Wells Fargo Cash Wise.

phone insurance
Phone insurance can come in handy!

Cash Wise vs Quicksilver: Redemption minimums

The Wells Fargo Cash Wise redemptions are redeemable in $25 increments only. Note that this is not just a minimum but a fixed incremental amount. So you’d have to redeem your cash back in increments of $25, $50, $75, etc.

In order to earn $25 cash back you’d have to spend $1,667 so some people find themselves getting stranded with points with the Cash Wise.

However, with the Capital One Quicksilver, there is no minimum for cash back so you don’t have to worry about your points ever getting stranded.

It might not seem like a big issue, but leaving sums like $10 or $20 in a rewards account is something that turns off many people to redemption minimums.

If you don”t earn enough cash back you might get stuck with useless rewards points.

Photo by frankieleon.

Shopping portals

Wells Fargo has a shopping portal that you can use to earn additional cash back. Meanwhile, Capital One does not have one so that means that you might be missing out on some additional rewards with the Quicksilver.

Cash Wise vs Quicksilver: Foreign transaction fees

The Cash Wise has a foreign transaction fees of 3%. However, the Quicksilver has no foreign transaction fees. So the Quicksilver has the obvious edge when it comes to travel. It should be noted that not a lot of no annual fee cards that earn 1.5% back come with no foreign transaction fees so the Quicksilver is a little unique in this regard.

Avoiding foreign transaction fees can save you cash when traveling.

Approval odds

In my experience Wells Fargo shows a clear preference for people who bank with them when it comes to approving them for credit cards. So if you don’t have any kind of relationship with Wells Fargo you could struggle to get approved for their credit cards.

Meanwhile Capital One doesn’t seem to require you to have a prior relationship with them. They’ve also given me my highest credit limits with credit card approvals. While you still need good credit, it will probably be easier on average for many people to get approved for the Quicksilver than the Cash Wise.

And if you have average or fair credit, you can also look into the Quicksilver One which is easier to get approved for but still earns 1.5% cash back

Wells Fargo Cash Wise vs Capital One QuickSilver

So in the end where are all of the advantages with these two cards?

Wells Fargo Cash Wise strengths

The Wells Fargo Cash Wise has the following strengths:

  • Better sign-up bonus (worth $50 more)
  • 1.8% on mobile wallet transactions during the first 12 months
  • Longer 0% APR period for purchases and balance transfers
  • Cell phone benefit
  • Shopping portal

Capital One Quicksilver strengths

The Capital One Quicksilver has the following strengths:

  • No foreign transaction fees
  • No minimum redemption
  • Probably easier to get approved for some

Final word

In the end the Wells Fargo Cash Wise is overall the more robust credit card with more value potential. The early spend bonus provides more up-front value and the 1.8% on mobile wallet transactions along with the cell phone benefit offer even more value potential. Also, the longer 0% APR period could be very handy for many. I don’t like the minimum $25 increments needed for redemptions but that’s something I could live with in light of the other perks. 

But if you don’t have relationship with Well Fargo you may not be able to get approved and so the Quicksilver could be more appealing. If you’re looking for a good cash back rewards card with no annual fee to take with you on international trips then the Quicksilver might be made just for your. It’s also better for squeezing all of your cash back value out of it since you don’t have to worry about minimum redemption requirements.

Cover photo by 401kcalculator.org.

Wells Fargo Cash Wise vs Chase Freedom Unlimited

Most people today still prefer cash back credit cards versus travel rewards cards, which is one reason why I’ve decided to start giving cash back credit cards more attention. Two cards that offer great cash back returns with no annual fees are the Wells Fargo Cash Wise and the Chase Freedom Unlimited.

In this article, I’ll take a look at the Wells Fargo Cash Wise vs Chase Freedom Unlimited and give some insight into which article could be better suited for you.

Update: Some offers are no longer available — click here for the latest deals!

Ultimate Rewards vs cash back

It’s worth noting from the beginning that the Chase Freedom Unlimited earns Ultimate Rewards.

These points can be redeemed for cash back at a rate of 1 cent per point. But if you have a premium card like the Chase Sapphire Reserve or the Chase Sapphire Preferred, you can transfer those points out to some great travel partners. This gives the Freedom an edge if you’re interested in travel and can get a premium Chase card.

But if you’re solely interested in cash back, the transfer partners are less of an issue.

You can transfer points to partners like United with the Chase Freedom.

Tip: Use WalletFlo for all your credit card needs. It’s free and will help you optimize your rewards and savings!

Sign-up bonus

One area where the Wells Fargo Cash Wise outshines the Chase Freedom Unlimited is the sign-ip bonus. You can earn $200 cash back after spending $1,000 in the first three months with the Wells Fargo Cash Wise. Many have to wait up to three months to receive their bonus so that delay is a bit of a drawback.

With the Chase Freedom Unlimited, you’re only given $150 after spending $500 in the first three months (though authorized users get an additional $50 back). Update: there is a new Chase Freedom Unlimited offer allowing you to earn 3% back on the first $20,000 in purchases each year but does not come with the sign-up bonus. 

So for maximum up-front value I have to give the edge to the Wells Fargo Cash Wise, although the lower spend requirement of the Chase Freedom might be better for other people.

Bonus earning

Both cards earn 1.5% back on purchases so it’s a dead tie on the standard bonus earning. Update: there is a new Chase Freedom Unlimited offer allowing you to earn 3% back on the first $20,000 in purchases each year but does not come with the sign-up bonus. 

But the Cash Wise offers an additional 20% bonus on mobile wallet transaction bonus cash reward above the base earn of 1.5% on net purchases or a total of 1.8% cash rewards during the first 12 months from the date the account is opened. So if you use things like Apple Pay or Google Pay then you could be earning 1.8% back on all of those purchases for a year which can certainly add up.

The Chase Freedom Unlimited has offered special promotions for earn additional bonus points before. For example, you’ve been able to earn up to 10% back at places like WalMart and Best Buy. Those offers don’t provide the consistent value offered by the Cash Wise so I wouldn’t consider them as valuable.

Other bonus earning potential

If you want a Wells Fargo card with bonus earning on categories like dining gas, the Wells Fargo Propel card could be a good fit for you.

Also, don’t forget about the original Chase Freedom card which earns 5% back on rotating quarterly categories. If you’re debating between which Chase Freedom card is the best for you then take a look at this comparison between the two cards.

Annual fee

Both cards come with no annual fee. 

0% Intro APR

The Wells Fargo Cash Wise earns 0% APR on the first 12 months but the Chase Freedom Unlimited has a 0% intro APR for 15 months. So if you’re trying to extend that period of no interest the Chase Freedom has the longer 0% APR period.

Balance transfer fees

Although the Chase Freedom Unlimited has the longer 0% intro APR period, it does fall short in the balance transfer department. That’s because it incurs a balance transfer fee of 5% while the Wells Fargo Cash Wise only incurs a balance transfer fee of 3%.

Thus if your plan is to pay off your balance within 12 months then the Wells Fargo Cash Wise is going to be a better option since you’ll save 2% on the initial transfer fee which can add up quickly if you’re talking about thousands of dollars being transferred.

But if you’re really concerned about doing a balance transfer, Wells Fargo has the Wells Fargo Platinum Visa Card which offers a 0% APR period for up to 18 months.

Cell phone benefit

One surprising perk that the Wells Fargo Cash Wise has is that it comes with cell phone protection. If you pay your monthly cell phone bill with the Wells Fargo Cash Wise you can to get up to $600 protection for damage or theft of a cell phone.

Reimbursement is limited to the repair or replacement of your original cell phone, less a $25 deductible with a maximum benefit limit of $600 per claim and $1,200 per 12 month period. This benefit does not cover cell phones that are lost.

$25 is a low deductible so if you’re prone to damaging your cell phone the Wells Fargo Cash Wise can provide you with a special perk that the Freedom doesn’t come with. If you had an iPhone but didn’t have something like Apple Care to cover an accident like a broken screen, then this protection could end up saving you a couple of hundred bucks.

phone insurance
Phone insurance can come in handy!

Redemption minimums for cash back

The Wells Fargo Cash Wise redemptions are redeemable in $25 increments only. Note that this is not just a minimum but a an incremental amount. So you’d have to redeem in increments of $25, $50, $75, etc.

Meanwhile the Chase Freedom has no minimum for cash back so you don’t have to worry about your points ever getting stranded.

It might not seem like a big issue, but leaving sums like $10 or $20 in a rewards account is something that turns off many people to redemption minimums.

Shopping portals

Both Chase and Wells Fargo have shopping portals that you can use to earn additional cash back. Here’s a link to the Wells Fargo shopping portal. And here’s an article explaining how the Chase Shopping Portal works.

I haven’t done an extensive case study on the rates earned with these portals. I’ve used the Chase Shopping Portal a ton and know it often has great rates. Based on my review of the Wells Fargo shopping portal, it looks like it earns pretty standard return rates as well.

Foreign transaction fee

Both cards have foreign transaction fees of 3%.

Approval odds

Both banks prefer you to have a relationship with them when approving you for credit cards. However, the Chase Freedom cards are usually great entry points into Chase and I know many people who have been approved for those cards with no banking relationship with Chase.

However, Wells Fargo in my experience has a clear preference for people who bank with them. Thus, if you have never banked with Wells Fargo and are not able to open up an account with them to establish a relationship, the Chase Freedom could present you with better approval odds.

But do keep in mind that the Chase Freedom Unlimited is subject to the Chase 5/24 Rule and other Chase credit card application restrictions. The 5/24 rules means you won’t be approved if you’ve opened up 5 or more credit card accounts within the past 24 months so if that applies to you, the Wells Fargo Cash Wise might be the better option.

Referrals

One area where the Chase Freedom has a major leg up is that you can earn Ultimate Rewards when you refer friends and families and they get approved for the Chase Freedom Unlimited. In fact these referrals can be as high as $100 per approval up to $500 per year. That kind of cash can add up quick and involves little to no work on your part.

Meanwhile Wells Fargo does not offer a referral program so you lose out on the value potential here.

Wells Fargo Cash Wise vs Chase Freedom Unlimited

So in the end where are all of the advantages?

Wells Fargo Cash Wise strengths

The Wells Fargo Cash Wise has the following strengths:

  • Better sign-up bonus (worth $25 more)
  • 1.8% on mobile wallet transactions during the first 12 months
  • Lower balance transfer fee
  • Cell phone benefit

Chase Freedom Unlimited strengths

The Chase Freedom Unlimited has the following strengths:

  • Ability to transfer Ultimate Rewards
  • Longer 0% APR period
  • No minimum redemption
  • Referall program

What this tells me is that you probably want to go with the Chase Freedom Unlimited if you think that you want to earn Ultimate Rewards that will eventually be transferred to travel partners or perhaps used with the Chase Travel Portal. Also, if you’re looking to pay down a big purchase over the course of 15 months, the Freedom Unlimited is the better option.

But if you want to earn a little bit more on the sign-up bonus in cash back, would like to transfer a balance and pay it off within 12 months, plan on using mobile wallet payments, or would like to have cell phone protection up to $600 per claim then the Wells Fargo Cash Wise could certainly be the better cash back option for your wallet.

Final word

The battle of the Wells Fargo Cash Wise vs Chase Freedom Unlimited comes down to your personal goals and preferences. I honestly don’t think that you can go wrong with either one since they both offer unique advantages. But one can definitely be better than the other if your personal goals align with the strengths of one card over the other.

Wells Fargo Propel Card Review

The Wells Fargo Propel American Express® Card doesn’t get a lot of attention. It’s a credit card issued by Wells Fargo that runs on the Amex payment network, although it’s not subject to the Amex application rules. This credit card comes with no annual fee and a number of solid perks that make it worth considering. Here’s the full Wells Fargo Propel Card Review.

Update: Some offers are no longer available — click here for the latest deals!

Wells Fargo Propel Card review

Wells Fargo Propel Card Review

  • Earn 20,000 Bonus Points when you use your new card to make $1,000 in purchases in the first 3 months
  • 3X U.S. gas stations
  • 2X at US restaurants
  • 1X on all purchases
  • When you pay your monthly cell phone bill with your eligible Wells Fargo consumer credit card, you’ll get up to $600 of protection (subject to $25 deductible) against covered damage or theft
  • Earn an annual bonus of 10% on non-bonus rewards points if you maintain a qualifying consumer Wells Fargo checking or savings account, or Portfolio by Wells Fargo®program
  • 0% Intro APR for 12 months on purchases and balance transfers
  • Get free access to your FICO Score
  • No annual fee

Tip: Use WalletFlo for all your credit card needs. It’s free and will help you optimize your rewards and savings!

Sign-up bonus

Earn 20,000 Bonus Points when you use your new card to make $1,000 in purchases in the first 3 months

This card offers a 20,000 points sign-up bonus after only spending $1,000 in the first three months. This is a solid sign-up bonus for a no annual fee credit card.

The points can be redeemed at 1 cent per point for cash back/statement credits and for other things, such as gift cards through the Go Far Rewards portal. You can also use the points to book travel such as airfare and hotels at 1 cent per point but note that the Wells Fargo Visa Signature allows for airfare redemptions at 1.5 cents per point.

You also get five years to use your points before they expire.

Wells Fargo Propel card review
Wells Fargo Propel sign-up bonus.

Bonus earning

  • 3X U.S. gas stations
  • 2X at US restaurants
  • 1X on all purchases

The Wells Fargo Propel card is one of the best credit cards for gas purchases since it earns 3X on US gas purchases. Again, for a no annual fee credit card, this is a solid bonus rate. The 2X on restaurants is okay but there are plenty of options for earning 2% on all purchases, so it’s not anything special.

Wells Fargo provides the following details for eligible gas and dining purchases:

Gas purchases include “gas stations or automated fuel dispensers” but don’t (typically) include “[g]as purchases at warehouse/membership clubs, grocery stores, car washes, auto repair stores and superstores that sell gasoline.”

Dining purchases include “eating places and restaurants, drinking places, or fast food restaurants” but don’t include “[c]aterers, bakeries, grocery stores and other miscellaneous places that serve food or operate restaurants on their premises are not considered eating places and restaurants.”

Wells Fargo Propel card review
Wells Fargo Propel bonus categories.

$600 cell phone protection

  • When you pay your monthly cell phone bill with your eligible Wells Fargo consumer credit card, you’ll get up to $600 of protection (subject to $25 deductible) against covered damage or theft
  • This benefit does not cover cell phones that are lost (i.e. disappear without explanation).

The $25 deductible is very low for this benefit (the Chase Ink Preferred has a $100 deductible per claim). To me, this benefit and the 3X on gas are two of the most valuable perks of the Wells Fargo Propel card.

phone insurance
The Wells Fargo Propel has great cell phone protection.

Annual 10% bonus

  • Earn an annual bonus of 10% on non-bonus rewards points if you maintain a qualifying consumer Wells Fargo checking or savings account, or Portfolio by Wells Fargo®program
  • The bonus will be posted to Your Rewards Account the 13th month after the date Your credit card account was opened and annually.

If you have an account with Wells Fargo, you’ll earn an additional 10% on non-bonus rewards. This means that your earning rates come out to 1.1X for all purchases, 2.1X for dining, and 3.1X for gas. It would be fantastic if they offered a full 10% on bonus categories but the small bump provided isn’t bad.

It might be a good idea to go ahead and open a Wells Fargo account because Wells Fargo credit cards can be tough to get approved for sometimes, especially if you have a number of recently opened accounts. By opening up an account with them, you might be increasing your odds of getting approved.

0% APR

  • 0% Intro APR for 12 months on purchases and balance transfers

You’ll get one full year of 0% APR. You can find other no annual fee cards that offer longer 0% into APR periods but this is a nice benefit considering everything else you get with this card.

Free FICO score

  • Get free access to your FICO Score

More and more cards are offering this now so it’s not exactly special but always nice to see.

No annual fee

The Wells Fargo Propel card has to be one of the better no annual fee credit cards out there. It’s strong 3X on gas, $600 cell-phone coverage benefit, and $200 sign-up bonus certainly make this card stand out among other no annual fee credit cards.

Protections

The Wells Fargo Propel card also comes with

  • Car Rental Loss & Damage Insurance
  • Common Carrier Lost Baggage Reimbursement
  • Worldwide Travel Accident Insurance
  • Retail Protection and Extended Warranty
  • Extended Warranty
  • Return Protection

You can read more about the benefits and protections here.

Final word

TheWells Fargo Propel American Express® Card is a solid cash back credit card. It’s one of my favorite no annual fee credit cards with a decent sign-up bonus and if you have an account with Wells Fargo, earning 3.1X on gas purchases is very competitive. If I were looking for a way to maximize earnings on gas purchases I’d definitely consider the Propel.