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CAPITAL ONE & WELLS FARGO BED PARTNERS?

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Benzman
Frequent Contributor

CAPITAL ONE & WELLS FARGO BED PARTNERS?

Maybe I have been living in darkness for too long, but received a packet of balance transfer checks from Cap One in the mail today which happens every so often. Maybe it was there before, but I am sure it would have caught my eye, but today I noticed under the memo area of the check, it is printed "Payable thru Wells Fargo Bank N.A." . Could this be why we are seeing changes to the Buy Power Cards and regular Cap One cards in reference to CLIs, etc? Just thought it was interesting to have Wells mentioned on Caps checks.

Amex CM 10K | Amex ED 10K | Amex BCE 7.5K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash 6K | Barclay AARP 3.5K | Bread AMEX 9K | Citizens Cash 8K | Citizens Clear 2K | Citi® DP 11.3K | Citi® Simplicity 9.4K | Citi® TY 6.5K | Citi® DC 4K | Citi CuC 3.4K | Cap One QS 14.6K | Cap One WM MC 11K | Discover It 19.5K | Discover Miles 13.5K | BOA Cash 13.2K | BOA 7K | US Bank State Farm Visa 4K | US Bank AMEX 22.5K | US Bank Plat 16.5K | US Bank Cash 11.2K | FNBO Rewards 20K | FNBO Evergreen 11.3K | Huntington Voice 7,750K | Huntington Voice Rewards 8.7K | PF|CP Rewards 8.2K | PF|CP Gold 3.2K | PNC Cash 15K | PNC Core 15K | PNC Points 8K | Fidelity 15K | Wells Active 12K | Wells Reflect 10K | Target MC 12.5K | TD Cash 4.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Synch Premier MC 11.6K | Ebay MC 10K | Apple Card 5.5K | Deserve Digital 6K | Simon AMEX 6K | Chase Amazon 1.5K | F8 Scores 4/23 EX789; TU781; EQ792.
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: CAPITAL ONE & WELLS FARGO BED PARTNERS?

It's not uncommon for banks to buy up debt assets from other banks. Capital One specializes in the subprime market, and Wells Fargo is a bit more conservative. The subprime credit market can be more profitable than the prime credit market if you know what you're doing, and Capital One has been doing just that for decades. Think of Capital One as the real estate agent in this regard.

Message 2 of 6
Anonymous
Not applicable

Re: CAPITAL ONE & WELLS FARGO BED PARTNERS?

Wow, good eyes.   I put it away and, after reading this, indeed it is Wells Fargo...even the routing #.   Interesting...

Message 3 of 6
Benzman
Frequent Contributor

Re: CAPITAL ONE & WELLS FARGO BED PARTNERS?


jeffreymrimd wrote:

Wow, good eyes.   I put it away and, after reading this, indeed it is Wells Fargo...even the routing #.   Interesting...


I thought it was.

And all these years I thought was avoiding Wells.

 

Amex CM 10K | Amex ED 10K | Amex BCE 7.5K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash 6K | Barclay AARP 3.5K | Bread AMEX 9K | Citizens Cash 8K | Citizens Clear 2K | Citi® DP 11.3K | Citi® Simplicity 9.4K | Citi® TY 6.5K | Citi® DC 4K | Citi CuC 3.4K | Cap One QS 14.6K | Cap One WM MC 11K | Discover It 19.5K | Discover Miles 13.5K | BOA Cash 13.2K | BOA 7K | US Bank State Farm Visa 4K | US Bank AMEX 22.5K | US Bank Plat 16.5K | US Bank Cash 11.2K | FNBO Rewards 20K | FNBO Evergreen 11.3K | Huntington Voice 7,750K | Huntington Voice Rewards 8.7K | PF|CP Rewards 8.2K | PF|CP Gold 3.2K | PNC Cash 15K | PNC Core 15K | PNC Points 8K | Fidelity 15K | Wells Active 12K | Wells Reflect 10K | Target MC 12.5K | TD Cash 4.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Truist 6.5K | Synch Premier MC 11.6K | Ebay MC 10K | Apple Card 5.5K | Deserve Digital 6K | Simon AMEX 6K | Chase Amazon 1.5K | F8 Scores 4/23 EX789; TU781; EQ792.
Message 4 of 6
Anonymous
Not applicable

Re: CAPITAL ONE & WELLS FARGO BED PARTNERS?

they wet the bed together as well

Message 5 of 6
Anonymous
Not applicable

Re: CAPITAL ONE & WELLS FARGO BED PARTNERS?

lol

Message 6 of 6
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