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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 probably be discontinued solely, even for current customers, beginning Aug. 4, 2023.
Present cardholders will probably be moved to the same Wells Fargo Autograph℠ Card or the Wells Fargo Lively Money® Card, relying on their latest Propel utilization. Clients who haven’t used their Wells Fargo Propel American Specific® card up to now six months will obtain the $0-annual-fee Lively Money. Everybody else will transfer to the Autograph, which additionally has a $0 annual payment.
If a person already has a Wells Fargo Lively Money® Card or Wells Fargo Autograph℠ Card, they may get the opposite card to keep away from having duplicates, in keeping with a Wells Fargo spokesperson.
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The Propel and Autograph have been already shut cousins, which ought to ease the transition for some cardholders. Each playing cards characteristic 3x factors on journey, transit, gasoline stations, in style streaming companies and eating places for no annual payment.
As a cash-back card, the Wells Fargo Lively Money® Card has a unique worth proposition, incomes a flat 2% money again on all purchases.
The transfer will current a minimum of 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. Usually 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 might have saved that card as an autopay methodology will possible should manually replace that data, probably throughout a number of companies or accounts, to mirror the brand new card quantity.
One factor that gained’t change amid the three-card shuffle, although, is mobile phone insurance coverage. The Wells Fargo Lively Money® Card and Wells Fargo Autograph℠ Card boast the identical mobile phone safety profit that the Propel options: Loss and damages are lined as much as $600 minus a $25 deductible.
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