Mailak;
Even though I have no love loss for WF, they will no doubt be more "approving" than Discover if you have decent deposits with them and a good history (checking, savings, for some time with no issues). You may not have the credit file needed to get a good CL with Discover. Just my 2 cents as I have experience with both, WF through parents and myself for several years.
Mailak wrote:Thans, for your reply RyVision. My account with WF is not a year old yet but I have a whole lot deposited in checking and savings. I was hoping that would count for somethign in their approval process. They'll greatly upset me if they keep all that money of mine and don't approve me but that is often how it is. I can't believe they ran a credit check for me to deposit my money with them (I'm sure it was listed somewhere in the reams of terms and conditions, of course.)
I'm not just wondering if I should try as-is or take my utilization to nil and then wait till it is reflected in my score. That might take another 6 weeks for the cycle to complete though.
If you have over 10k in savings and checking (combined, even a constant 5k would be enough for this tactic), ask a teller who you'd speak with about a CC (if they try to hand you a form to fill out, tell them you were hoping to speak to someone that handles CC accounts or loans). They (the teller) should point you to the right person, then ask that person (usually they have their own area) about your chances of approval with the info you know about your CR and score since you have accounts with them. They will probably give you an indication of what you could possibly expect before doing an HP. YMMV however.
I have to add, WF can be a stickler, the car loan in a couple months I can't really comment on, our WF banks are no doubt different areas lol. If you do business with them though, they are often fairly decent, compared to a few others anyway. Not generous mind you, just decent.
Yes, I have nearly 30k with them, combined. I think I'd rather try to get a CC than a loan down the road but that's certainly something I would want to try later.
It's good to get your input. I was starting to lean the other way round - to try Discover since I get more preapprovals from them and since I surmised WF is hard to get.
Maybe I should just get the utilization down to zero. It's hard having a total balance under $30 
Mailak wrote:Yes, I have nearly 30k with them, combined. I think I'd rather try to get a CC than a loan down the road but that's certainly something I would want to try later.
It's good to get your input. I was starting to lean the other way round - to try Discover since I get more preapprovals from them and since I surmised WF is hard to get.
Maybe I should just get the utilization down to zero. It's hard having a total balance under $30
Ah, that helps. Pay off Cap 1 through your online account (pay them 10% over the balance, that should give you a 0 balance update even if there's interest not posting), call them after it posts and request "an off cycle update" for your account to the credit bureaus (they can do at least that for you after having them for 5 years).
After that takes place (you'll spot it if you check here or some other free services online). Then you can go in and talk to WF, they shouldn't hesitate to send you to a supervisor about a CC who should be happy to speak with you about all the info and possible CL you might get (considering you have 30k with them). Though they can not promise anything without a hard pull, they SHOULD be able to do a soft for you, or you can always check into other banking options 
Do NOT let them talk you into investing with their financial advisors or CFPs however (Wells Fargo Financial), unless you're already with them, which you're not, or you'd already have one of their cards.
With your deposits (if that's a consistent balance) and your clean history and scores, they should have little problem granting you a 5k CL. Just treat it like gold because WF can be ..... less than golden.
Here's a link to their current CC offers. Pick the one you like most (read about it and it's terms) and tell the person you speak with that that's the one you're curious about. (you may have to right click and open in a new window).
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