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Established Contributor
eagle2013
Posts: 568
Registered: ‎12-27-2012
0

WF Secured Graduation and tempting app spree

Hello!

 

I mostly lurk on the boards and you all have been so helpful in getting me back on track with my credit.

 

A bit of back history: I have one major baddie, an unpaid CO ($1,100) about 4.5 years ago, which has really dinged my credit. I ended up applying for a WF secured credit card last year ($400 CL) and was recently upgraded to unsecured (same limit). I called to get a preliminary CLI for $1.5k and not only was I approved for my requsted limit, the underwriter even suggested if that was all I wanted! After I questioned what he meant, he proceeded to tell me that I was preapproved for up to $10,400! Of course, I took the latter limit.

 

As someone who couldn't even get a joint unsecured card with her husband's perfect credit history, this nice CL is certainly morale boosting! Since the WF is platinum only, it doesn't come with any nice rewards. I would like to app for a better card (CSP or Amex BCP), but I'm worried about the 9 inqs I have already hindering my chances. I know that the better cards tend to look for a prior CL of at least $5000, so the fact that I have double that on one card makes me hopeful that I at least have a chance!

 

Should I just suck it up, garden and be thankful for my unsecured CC and nice CL? Or should I take a leap and app after the new CL hits the bureaus in the middle of next month? I'm certainly itching for a great rewards card as the holiday season is approaching, so the sooner the better if possible! :smileyhappy:

 

Here are more details of my stats:

 

CC: WF Platinum ($10.4k), Capital One Gold Venture ($20k AU), Target ($6.5K, AU), Nordstrom/Macys/Old Navy store cards

AAoA: 5 years, 7 months

Baddie: Unpaid Cap 1 CO ($1,100) - 4.5 years ago

 

 

Community Leader
Senior Contributor
myjourney
Posts: 26,620
Registered: ‎02-07-2013
0

Re: WF Secured Graduation and tempting app spree

Wonderful progress thus far congrats

How are the INQ's distributed across the CB's TU EX EQ?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Epic Contributor
Creditaddict
Posts: 20,896
Registered: ‎10-23-2007
0

Re: WF Secured Graduation and tempting app spree

APPLY APPLY APPLY!

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
Established Contributor
eagle2013
Posts: 568
Registered: ‎12-27-2012
0

Re: WF Secured Graduation and tempting app spree

Thanks! I only checked EX since Chase and Amex are more likely to pull EX on the West Coast. It seems from my other FAKO accounts who pull TU that the inqs are probably evenly distributed unfortunatley.

Established Contributor
eagle2013
Posts: 568
Registered: ‎12-27-2012
0

Re: WF Secured Graduation and tempting app spree

Thanks!


Creditaddict wrote:

APPLY APPLY APPLY!



I like your thinking! :smileyhappy: Do you recommend I app now, or wait for the new CL to report in a few weeks? The card is already reporting unsecured, but only with the $400 CL.

Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013
0

Re: WF Secured Graduation and tempting app spree

i think i would wait for the new CL to show :smileyhappy: that way any new apps can try to complete with it for your business :smileyhappy: congrats, op! wtg! :smileyvery-happy:



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Established Contributor
eagle2013
Posts: 568
Registered: ‎12-27-2012
0

Re: WF Secured Graduation and tempting app spree


djc1puno wrote:

i think i would wait for the new CL to show :smileyhappy: that way any new apps can try to complete with it for your business :smileyhappy: congrats, op! wtg! :smileyvery-happy:


Thanks that was my thinking too! :smileyhappy:

Frequent Contributor
GaTech
Posts: 374
Registered: ‎02-10-2013
0

Re: WF Secured Graduation and tempting app spree


eagle2013 wrote:

Hello!

 

I mostly lurk on the boards and you all have been so helpful in getting me back on track with my credit.

 

A bit of back history: I have one major baddie, an unpaid CO ($1,100) about 4.5 years ago, which has really dinged my credit. I ended up applying for a WF secured credit card last year ($400 CL) and was recently upgraded to unsecured (same limit). I called to get a preliminary CLI for $1.5k and not only was I approved for my requsted limit, the underwriter even suggested if that was all I wanted! After I questioned what he meant, he proceeded to tell me that I was preapproved for up to $10,400! Of course, I took the latter limit.

 

As someone who couldn't even get a joint unsecured card with her husband's perfect credit history, this nice CL is certainly morale boosting! Since the WF is platinum only, it doesn't come with any nice rewards. I would like to app for a better card (CSP or Amex BCP), but I'm worried about the 9 inqs I have already hindering my chances. I know that the better cards tend to look for a prior CL of at least $5000, so the fact that I have double that on one card makes me hopeful that I at least have a chance!

 

Should I just suck it up, garden and be thankful for my unsecured CC and nice CL? Or should I take a leap and app after the new CL hits the bureaus in the middle of next month? I'm certainly itching for a great rewards card as the holiday season is approaching, so the sooner the better if possible! :smileyhappy:

 

Here are more details of my stats:

 

CC: WF Platinum ($10.4k), Capital One Gold Venture ($20k AU), Target ($6.5K, AU), Nordstrom/Macys/Old Navy store cards

AAoA: 5 years, 7 months

Baddie: Unpaid Cap 1 CO ($1,100) - 4.5 years ago

 

 


Why didn't Wells Fargo issue you a Visa Sig?

As of 1/10/2014 EX FICO - 748. EQ FICO - 728. Trans FICO - 755

WellsFargo - $3,000 AMEX BCE - $18,000 Chase Freedom - $4,000



Contributor
Down_2Bizness
Posts: 105
Registered: ‎09-30-2013
0

Re: WF Secured Graduation and tempting app spree

+1

have you asked WF to PC?


Starting Score: EQ FICO 566 09/30/13
Current Score: EQ FICO 688 3/10/14 TU FICO 680 3/10/14 (Barclaycard) EX FICO 691 1/12/14 (LP)
Goal Score: 700
My Wallet: Capital One $1000 / Wells Fargo Secured $1000 / J Crew $850 / Victoria's Secret $500 / Barclay Apple Financing Visa $2500 / Discover It $1400 / Home Depot $2500 / Delta Skymiles AmEx $1000

Valued Contributor
FinStar
Posts: 6,031
Registered: ‎10-21-2012
0

Re: WF Secured Graduation and tempting app spree

AFAIK, WF Visa Signature cards are only available by invitation only, unless something changed recently with their PC policy.


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