Wells Fargo to Shutter Propel, Move Existing Users to New Cards

The once-popular $0-annual-fee journey bank card hasn’t been accepting new functions since 2021, however Wells Fargo now says the cardboard will likely be discontinued fully, even for current customers, beginning Aug. 4, 2023.

Present cardholders will likely be moved to the same Wells Fargo Autograph℠ Card or the Wells Fargo Energetic Money® Card, relying on their latest Propel utilization. Clients who haven’t used their Wells Fargo Propel American Specific® card prior to now six months will obtain the $0-annual-fee Energetic Money. Everybody else will transfer to the Autograph, which additionally has a $0 annual payment.

If a consumer already has a Wells Fargo Energetic Money® Card or Wells Fargo Autograph℠ Card, they may get the opposite card to keep away from having duplicates, in accordance with a Wells Fargo spokesperson.

The Propel and Autograph had been already shut cousins, which ought to ease the transition for some cardholders. Each playing cards function 3x factors on journey, transit, gasoline stations, widespread streaming providers and eating places for no annual payment.

As a cash-back card, the Wells Fargo Energetic Money® Card has a special worth proposition, incomes a flat 2% money again on all purchases.

The transfer will current at the very least one inconvenience to current Propel cardholders: Their card account numbers will change. That is as a result of whereas the Propel runs on the American Specific fee community, the opposite two Wells Fargo playing cards run on the Visa community. Typically talking, American Specific playing cards start with the quantity “5” and have 15 digits, whereas Visa playing cards often begin with the quantity “4” and have 16 digits.

Virtually, this implies holders of the Wells Fargo Propel American Specific® card who could have saved that card as an autopay technique will possible should manually replace that info, doubtlessly throughout a number of providers or accounts, to replicate the brand new card quantity.

One factor that gained’t change amid the three-card shuffle, although, is cellphone insurance coverage. The Wells Fargo Energetic Money® Card and Wells Fargo Autograph℠ Card boast the identical cellphone safety profit that the Propel options: Loss and damages are lined as much as $600 minus a $25 deductible.