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Laughable Denial Reason-Wells Fargo

Valued Contributor

Laughable Denial Reason-Wells Fargo

Applied for the Cash Wise Visa for the $200 Spend Bonus. Fico 788-Pulled EX. Denied for one reason only:

No Retail Credit Card Reporting. (We look for how you are using your credit. We look for what types of credit you have)

Well. Sorry I closed my store cards last year. :/

FICO 08: TU= 786 (Dec) EQ= 774 (Dec) EX= 756 (Dec) Favorites: Discover It, Discover Miles, And U.S. Bank Cash+
Message 1 of 13
12 REPLIES
Super Contributor

Re: Laughable Denial Reason-Wells Fargo

Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink
Starting Score: 816
Current Score: 837
Goal Score: 850


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Message 2 of 13
Frequent Contributor

Re: Laughable Denial Reason-Wells Fargo


Djgrolyos wrote:
Applied for the Cash Wise Visa for the $200 Spend Bonus. Fico 788-Pulled EX. Denied for one reason only:

No Retail Credit Card Reporting. (We look for how you are using your credit. We look for what types of credit you have)

Well. Sorry I closed my store cards last year. :/


I agree that 'laughable' is an excellent way to describe that reason. Especially because on a couple of score models they list retail accounts as a reason hurting your score. So it's bad to not have them, and bad to have them? Oy.

EQ: 798INQs: 4EX: 792INQs: 12TU: 784 (Split File - FIXED!)INQs: 9
AAoA: ~5.7 years, oldest account 17.7 years
Total Credit Line: ~$230K
Message 3 of 13
Frequent Contributor

Re: Laughable Denial Reason-Wells Fargo


Dinosaur wrote:
Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink

Same here! I got a Cash Wise right before the extent of their fraud became clear. Once it did, I took full advantage of the 15 months of no interest, got a $300 checking bonus, and then closed all my accouts down Smiley Happy

EQ: 798INQs: 4EX: 792INQs: 12TU: 784 (Split File - FIXED!)INQs: 9
AAoA: ~5.7 years, oldest account 17.7 years
Total Credit Line: ~$230K
Message 4 of 13
Valued Contributor

Re: Laughable Denial Reason-Wells Fargo

Congrats on not giving WF any of your swipes!

Message 5 of 13
Super Contributor

Re: Laughable Denial Reason-Wells Fargo

Lol

Hahaha

Deez...Smiley Wink

To obtain Credit One Kenobi status upon 0/24 is to Garden Harden!!
Message 6 of 13
Contributor

Re: Laughable Denial Reason-Wells Fargo

In that case why not call in for a recon?

Message 7 of 13
Contributor

Re: Laughable Denial Reason-Wells Fargo

Thats insane. Sorry to hear this happened. Their loss.

Message 8 of 13
New Contributor

Re: Laughable Denial Reason-Wells Fargo

I'm confused. 

Frowned on by banks to have retail cards; denied by a bank for not having one..??

Can someone explain this?


Merrick Bank Visa $1500 | Citi BestBuy Visa $5300 | Chase Freedom $500 | Amex BCE $2000

FICO8:  EQ 12/17: 721  |  1/18: 706   || .  TU 12/17: 742  |  1/18: 744 .  ||   EX 12/17: 736  |   1/18: 720

Merrick Bank Visa $1500 | Citi BestBuy Visa $5300 | Chase Freedom $500 | Amex BCE $2000 | Alliant SSL

Starting Score: Fico 8: EQ 721 TU 742 EX 736
Current Score: Fico 8: EQ 732 TU 760 EX 736
Goal Score: Fico 8: EQ 750+ TU 760 EX 750+


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Message 9 of 13
Established Contributor

Re: Laughable Denial Reason-Wells Fargo


Dinosaur wrote:
Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink

E X A C T L Y !!!!!!!

 

WF is the pits



EX 775, TU 778, EQ 769
|| NFCU CashRewards $16.5K || Discover IT $7.5K || NFCU Platinum $7.5K || Macy's $7.5K || CitiCostco $5.5K || Chase $5K || CitiDC $4.8K ||
Message 10 of 13