Wells Fargo CLI Denial Makes No Sense

[Anonymous]

So after being a customer with WF for now 8 years. I requested my 3rd CLI.

1st CLI was from 1.5k to 2k
2nd CLI was from 2k to 2.4k

The FICO score they provided me was 766 so I figured why not ask for a CLI.

I got a denial letter in the mail today it says reasons are:

One or more Inquiries in the last two years (SERIOUSLY?)

Time with accounts is too low. (Had a credit card with them for 8 years, oldest account 17 years).

These reasons are crap it makes no sense that they'd deny me with a 766 FICO, and sufficient income. I'm currently at a 2.4k limit after 8 years of history with them.

[Anonymous]

All reasons for denial are BS.  They should just all be a blanket statement that covers all reasons, simply stating, "your profile doesn't warrant a CLI at this time."

Perhaps your current account with WF is simply doomed, much the way entry-level accounts with Capital One are doomed from the start if opened on sub-par terms.  When you opened that card 8 years ago, were you scores 760's then as well, or were they a lot lower?  If they were a lot lower, it can simply be the case that the account itself is what's holding you back, not your profile.  If you were to open another WF account, there's a chance that they'd view that one much more favorably since you'd be opening it with excellent credit scores.

[Anonymous]

When I opened it this account was my first credit card so I had no credit file at all. I mean I wish they'd at least appease a good customer with a $500 bump

So many people are abounding them lately they should do whatever they can do keep the customers they have.

[heyryan]

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@Anonymous wrote:
So after being a customer with WF for now 8 years. I requested my 3rd CLI.

1st CLI was from 1.5k to 2k
2nd CLI was from 2k to 2.4k

These reasons are crap it makes no sense that they'd deny me with a 766 FICO, and sufficient income. I'm currently at a 2.4k limit after 8 years of history with them.

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Do you use the cards a lot? Maybe if they're not seeing the traffic they think you don't need a higher CL?

If you have been with them for that long, and your scores are that good, I'd call for a recon. When I app'd with WF, they started me out at 3K, and I called them and declined the account. They then offered to review it, and bumped it up to 15K. Maybe it was just an overzealous computer algorithm that spit out the denial - the human beings I've dealt with there seem pretty friendly and reasonable Even if they say no, you've only wasted a little time and a phone call, and they might give you more realistic reasons why they wouldn't budge.

Good luck!

[Anonymous]

After Eight Years you deserve BETTER ! ! !

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@Anonymous wrote:
So after being a customer with WF for now 8 years. I requested my 3rd CLI.

1st CLI was from 1.5k to 2k
2nd CLI was from 2k to 2.4k

The FICO score they provided me was 766 so I figured why not ask for a CLI.

I got a denial letter in the mail today it says reasons are:

One or more Inquiries in the last two years (SERIOUSLY?)

Time with accounts is too low. (Had a credit card with them for 8 years, oldest account 17 years).

These reasons are crap it makes no sense that they'd deny me with a 766 FICO, and sufficient income. I'm currently at a 2.4k limit after 8 years of history with them.

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I have only been with Wells for Seven Months, but you do deserve BETTER ! ! !

Ten months post CH 13 discharge, my Secured Wells Fargo CC was un-secured.

Five months after appliation & approval for a secured WF card, I received an e-mail stating that if I did not object that they would be UN-securing my WF card on such date.  Which was at the Six Month mark.

YMMV.

Why they did this, I don't know.  I am but one data point in the Universe.

http://ficoforums.myfico.com/t5/Bankruptcy/Wells-Fargo-Secured/m-p/4920840#M48051

[Anonymous]

Are you using your card regularly and PIF after each statement? I believe WF is one of those that like to see usage.

[Meanmchine]

I have the same problem except with Cap1

I have 2 accts, one is 9 years old and the other is 10 years old and I cant get a real cli either