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Wells Fargo CC CLOSED

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jre
Regular Contributor

Wells Fargo CC CLOSED

I'm happy to report that I've closed my Wells Fargo Secured Credit Card. I wish I had read up on its limitations and shortfalls before applying and sending in a security deposit. The customer service is horrendous, the fees are outrageous ($20 flat fee for cash advance no matter how much the amount), and there's no guarantee of graduation. I wouldn't recommend this product to anyone. I've never dealt with customer service representatives who were so disinterested and lacked the most basic social skills.

 

On a side note, my Wells Fargo checking account is currently on "hold" pending an "investigation" shortly after I have closed this credit card.

Quicksilver x2 | Barclays | Store Cards (more than I need)

Scores: 650s
Message 1 of 3
2 REPLIES 2
TiggerDat
Valued Contributor

Re: Wells Fargo CC CLOSED

You don't think that was retaliation do you?

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 2 of 3
FinStar
Moderator Emeritus

Re: Wells Fargo CC CLOSED


@bernhardtra wrote:

You don't think that was retaliation do you?


Why would a lender retaliate??  It depends on how the accounts are linked and whether the deposit (if any remaining funds) would be remitted back to that account.  Unless the investigation points to something else altogether.

 

OP - the secured CC served its purpose and looks like you made the right decision - plenty of better options out there for sure.

 

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