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Regular Contributor
Posts: 166
Registered: ‎09-10-2012
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Need Advice regarding Wells Fargo CLI. Pls help

Hi

 

I opened my first credit card about a year and 4 months ago, it was a $300 Wells Fargo secured card.

This month i finally got my card graduated and it became $300 unsecured. I was hoping they would give me a little higher limit

 

Besided this card I have 3 other credit cards

 

1) Walmart card - 2000 credit limit

2) Capital One - 750 credit limit

3) American Express - Premier Gold charge card (No Limit)

 

I have also a car loan for the last 8 months

 

All my accounts are in good standing with no negatives on my report

I have also under 20% Utility and my Fico Score is close to 690

 

My question is if I could get a credit increase on my Unsecured Wells Fargo? Should I wait several months since it was just unsecured ?

How much should I ask for ? I read in the forum that Wells Fargo doesn't counter offer what you ask for. If you don't get approved with the soft pull, they transfer it to the Credit Department and then you get a hard pull. I'm trying to avoid that, so I wanted to know what should be the amount I should aim for ?

 

Any help would be great.

FICO EX 759 EQ 744 TU 752
Amex Gold Premier rewards ( Charge Card)

Amex Blue cash - $24,900 Wells Fargo - $15,000 Citibank Simplicity - $12,200 Barclays Apple - $13,000 Walmart Mastercard - $6000 Discover It - $5000 Chase Slate - $5700 Capital One - $4250
Member
Posts: 30,743
Registered: ‎02-07-2013
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Re: Need Advice regarding Wells Fargo CLI. Pls help


pat0812 wrote:

Hi

 

I opened my first credit card about a year and 4 months ago, it was a $300 Wells Fargo secured card.

This month i finally got my card graduated and it became $300 unsecured. I was hoping they would give me a little higher limit

 

Besided this card I have 3 other credit cards

 

1) Walmart card - 2000 credit limit

2) Capital One - 750 credit limit

3) American Express - Premier Gold charge card (No Limit)

 

I have also a car loan for the last 8 months

 

All my accounts are in good standing with no negatives on my report

I have also under 20% Utility and my Fico Score is close to 690

 

My question is if I could get a credit increase on my Unsecured Wells Fargo? Should I wait several months since it was just unsecured ?

How much should I ask for ? I read in the forum that Wells Fargo doesn't counter offer what you ask for. If you don't get approved with the soft pull, they transfer it to the Credit Department and then you get a hard pull. I'm trying to avoid that, so I wanted to know what should be the amount I should aim for ?

 

Any help would be great.


IMHO ask for a limit of 1500

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Need Advice regarding Wells Fargo CLI. Pls help

Really depends on how much you want to ask for. What you could do is to call late at night when the credit department is closed. If they end up sending your request to them, call them at 5AM and have them cancel the request. Chances are they shouldn't have processed it yet.
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