01-04-2013 06:34 PM
Soft Pull went from $700 to $900 (my smallest limit of any card)
I have my checking, savings, 401K, mortgage, brokerage, and this credit card with Wells.
Started 12/11 with a $500 limit and have went to $900 after 13 months....
Oh well, at least there is no fee and it was only a soft pull... back to the sock drawer it goes.
Wow, with so much banking relationship, it is kind of ridiculous to see that small CLI.
yeah im actually surprised also cuz WF is know to also take in consideration the banking relationship history you have with them. I have a 2 checkings, 2 savings, mortgage and car loan with them, even though i do have a secured CC with them they gave me an auto CLI on the card with no deposit required. My dad has checking, savings, brokerage and has a CC with a 18000 limit and mom just got one with a 8500 limit. But it may also depend how often you use the card.
01-04-2013 07:08 PM
Was it automated or did you speak to a rep.
Spoke to a rep. No automated option for a CLI. The rep was very very pleasant. Offered to send my request for more than $200 to an analyst, but said it would be a HP if we did that. I said no thank you. She really was a pleasure to talk to though!
01-04-2013 09:05 PM
Good to know. I've had my College Card since October 2012. I was hoping to get a 6-month CLI, think I should continue waiting until April(ish)?
I was also thinking about closing my checking/savings accounts with them next week, as I posted recently. Hope that won't hurt my chances at a CLI with them.
03-29-2013 01:19 PM
I also called for a soft pull CLI today. Was told that I would receive a letter either way, and that if the CLI was approved (I requested a CLI from $500 to $5000), it would appear in my online banking account in about an hour. This was about 2 hours ago, and nothing yet, so not getting my hopes up. Strange that they had to review it, since last time I asked for a CLI they did it during the call (although they came back with a counter offer).
03-29-2013 01:37 PM
I have been doing WF CLIs via soft pull every 6 months too. During my heavy banking days with them (and bad credit), they gave me a $3200 secured CC. It was unsecured +auto CLI to $4200 an year later but I was upset to not get any higher because I thought they would see the heavy banking across multiple accounts. I severed all banking relationship except the CC and moved to DCU at that time. Since last year after scores got really high, I started requesting CLI and have gone from $4,200 to $10,000 to $17,500.
A rep I spoke to told me that it is a good idea to do this every 6 months(she did that herself and knew the game well!) as it is just a Soft Pull. They are very conservatiive and respect FICO scores more than banking relationship unless you are wealthy enough to indulge in Private Banking.
03-29-2013 01:41 PM
I have a WF card but it says on their site that you have to wait at least 12 months to requet a cli. I always thought it was an HP for cli fro mreading. So you saying its a SP?
its every 60 days if you want to initiate a CLI.
they have been giving me auto CLI every 4-9 months during my past 7 years with them. I also started out with a college card with them when I was 18.
Only until this year I started requesting for CLI rather than waiting for their auto increases. So far I've asked for CLI twice in 2013, both approved and both were SPs.
In my experience they've always been easy-going. When I applied I had 1 year 0% APR, and they extended it by a year, and then another year after that. And then after that all along they have given me really low APR rates. I used max out my cards and stuff too; no FR or anything. They're not as generous as AMEX when it comes to CLI however.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.