Skip to content

How and why you should get two Wells Fargo credit cards

June 01, 2020
7 min read
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: The Wells Fargo Propel American Express® card and Wells Fargo Visa Signature® Card are no longer open to new applications. Some offers mentioned below are no longer available. View the current offers here.

Editor’s note: This post has been updated with the latest credit card information.


The Wells Fargo Propel American Express® card is an intriguing credit card, as it offers what essentially amounts to 3% cash back on travel, dining, gas stations and popular web streaming services. But what takes the card and its rewards structure from intriguing to formidable is the ability to combine Wells Fargo Go Far Rewards points between two different Wells Fargo credit cards and increase their value up to 75%.

The information for the Wells Fargo Propel card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

New to The Points Guy? Sign up for our daily newsletter and check out our beginner's guide.

(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)

Much like Chase Ultimate Rewards points can be combined across cards, Go Far Rewards earned with the Propel Amex can be combined with rewards earned from the Wells Fargo Visa Signature® Card and inherit the higher redemption value of points earned with the Visa Signature. To make this work, you have to have both the Propel Amex card and the Visa Signature card. Unfortunately Wells Fargo has a very restrictive rule for receiving two welcome bonuses for its credit cards, so let’s look at the rewards structure and your options for gaining access to both these great cards and their rewards.

Related reading: The best Wells Fargo credit cards of 2020

Go Far Rewards Program Basics

First, here are the details on each of these two cards, along with their welcome bonuses:

Wells Fargo Propel American Express® card — Earn 20,000 bonus points after you make $1,000 in purchases in the first three months. Earn 3x points on travel, dining (eating out and ordering in), gas stations and select streaming services and 1x points on all other spend. No annual fee.

Sign up for our daily newsletter

Wells Fargo Visa Signature® card — Earn 5x rewards points for up to $12,500 spent on gas, grocery and drugstore purchases for the first six months, and 1x points on all other spend. No annual fee.

The information for the Wells Fargo Visa Signature Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Go Far Rewards earned with the Propel Amex can be redeemed toward travel at 1 cent per point through the Go Far Rewards travel portal or for cash back. Points earned with the Wells Fargo Visa Signature card can also be redeemed at 1 cent per point toward travel (hotels, cruises, rental cars and so on) but can also be redeemed specifically for flights at 1.5 cents each, which can be boosted up to 1.75 cents per point if you spend $50,000 on the Visa Signature in a year. That means a combination of the Propel Amex and the Visa Signature will earn you between 4.5%-5.25% on travel, dining, gas stations and select streaming services when you redeem the points for flights.

Go Far Rewards also has merchandise, gift cards, theme park tickets and auctions available for redemptions. You can earn more points through the Go Far Rewards shopping portal, which has both in-store and online shopping offers.

Wells Fargo Sign-Up Bonus Eligibility

You have a few decisions to make if you’d like both the Wells Fargo Propel American Express and the Wells Fargo Visa Signature in order to unlock up to 5.25% cash back towards flights. At the bottom of every Wells Fargo credit card application is the following language:

That means if you’d like both the 20,000 welcome bonus points when you spend $1,000 in purchases in the first three months from the Propel Amex as well as the Visa Signature sign-up offer of 5x rewards points on selective purchases for the first six months, you’d have to space your applications out by 15 months. You can also only receive one business card introductory offer and one personal introductory offer every 15 months.

Even if you’re willing to forego one of the bonuses, it’s probably still going to be tricky to be approved for two Wells Fargo credit cards in the same day. In addition to the 15-month rule, Wells Fargo also has the following rule on the bottom of the Propel Amex application (although not specifically on the Visa Signature):

“You may not qualify for an additional Wells Fargo Credit Card if you have opened a Wells Fargo Credit Card in the last 6 months.”

Is this rule being enforced? Well, Wells Fargo isn’t the easiest issuer to deal with and it’s hard to find solid data points about how often the bank will approve you for a card. There was also previously an existing relationship rule where Wells Fargo typically wanted you to have at least a checking account with them first before applying for a credit card, but that rule has been dropped for the Propel Amex.

Two Cards for Two People

There is at least one way to take advantage of the higher Visa Signature redemption values and still get both bonuses for one household at the same time. A fantastic aspect of the Go Far Rewards program is the ability to gift points from your account to anyone else’s account. That means my wife can sign up for the Propel Amex and I can sign up for the Visa Signature — we’d each get the bonus points and then we can combine our rewards in one Go Far Rewards account.

These transfers work from any Wells Fargo Go Far Rewards credit card to any other Wells Fargo Go Far Rewards-earning credit card, so if you have any second person you trust and are willing to split rewards with -- such as a spouse or close friend or family member -- you can benefit from the above process.

If you prefer to go it alone, you need to do the math on whether you’re willing to forego a bonus, and if you are, wait six months between applications to be safe. But which bonus should you forego? It depends on how much spending you usually do in six months. If you can max out the 5x categories on the Visa Signature card offer, you’d end up with 62,500 points, so you’d want to apply and be approved for that card first. On the other hand, if you don’t see yourself putting more than $6,000 in spending on those bonus categories in a six-month period, you’d be better off getting the entire 20,000-point Propel Amex bonus for just half the amount of spending (spread across all purchases, not just bonus categories).

Bottom Line

The Wells Fargo two-card combination makes it relatively easy to earn enough points for free flights, and a nice kicker is that flights booked through the Go Far Rewards portal have also always earned redeemable and elite qualifying miles for me over the last two years. I earned American Airlines Executive Platinum status in 2016 for little money out of my pocket when I completed a status challenge flying tickets booked with Wells Fargo Go Far Rewards and Citi ThankYou Rewards.

Featured image by (Photo by John Gribben for The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023