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Wells Fargo
- Wells Fargo is launching a new rewards credit card, a revamped iteration of its Propel Card.
- The card will earn 3x points per dollar spent on dining, transit and travel, and streaming services, and 1x point on everything else. Points can be redeemed at 1¢ each toward cash, gift cards, travel, or more.
- The new Propel will have no annual fee.
- The card directly competes with premium products like the Chase Sapphire Reserve, although that card potentially offers a higher redemption value.
- Applications for the new Propel will be available on July 16.
Wells Fargo is announcing a new rewards credit card today that will offer one of the more compelling rewards programs available, taking direct aim at the premium products offered by issuers like Chase.See the rest of the story at Business Insider
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SEE ALSO: Chase’s Sapphire Reserve credit card has a high annual fee — but here’s why it’s worth it
