Laughable Denial Reason-Wells Fargo

[Anonymous]

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@Anonymous 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. :/

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That's just ridiculous lol. 

If store cards hurt your credit in some score models, is it due to the lower limits usually with store cards? I have the Walmart MC I know the limits can get crazy high on that card so hopefully it helps me in any of my Wells future apps since they don't have a hard limit on the number of cards with them. They've treated me well so far.

[Anonymous]

Man Sad to hear that!  i got denied for cash wise because : im not US citizen.....

a friend of mine works at the chase (private client). He said that never saw a letter stating something like - straight discrimitization.

Anyways when it comes to depisit big ammounts into checking account they are fine...

I heard that they big problems with credit card lending, that is why they are trying to decline apps...

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@Anonymous 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. :/

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[HeavenOhio]

Store cards hurt the credit scores pulled by insurance companies. Apparently, people with store cards are more likely to make claims.

[Anonymous]

If it was a card I really wanted bad I would call for recon, But I only applied for the free $200. That being said.... I still can’t believe I got denied with a 770-780 and 1% Utilization with great income... and for not having store cards. **bleep**? I closed them because my main cards actually get me more money back. Using those with Ebates I do pretty well for cash back. The store cards I had were going to get closed for not being used so I wanted them to say closed my me vs closed by grantor.

Oh well. Got Citi today and have been trying for years. Very happy on that. FUWF.