Reply
Contributor
Posts: 322
Registered: ‎10-19-2012

Wellsfargo Credit Card Declined.

Anyone ever heard of this?... Today I applied online for a Wellsfargo Visa Credit Card.  This was a prequalifed offer from them.  I then got the message "Application Pending Review"  So I called the number provided to hear I had been declined now this is what is funny the message said "Declined due to not having a relationship with the bank" So I spoke with a customer care person and I asked him if I had to have a checking account with Wellsfargo before I could get a credit card from them and he stated that I didn't need a checking account to have a credit card from them.  He then pulled up my application, I stated that I heard I was declined due to not have a relationship with the bank and he stated that was correct.  I stated I received this offer due to having had an auto loan through them. I said so your saying that my auto loan was not a relationship with your bank? He stated that it was not the kind of relationship they were looking for. I said well I have plenty of credit cards with other banks and he said he could see that but that was not enough, though he wouldn't tell me what relationship I had to have with them to get a credit card.  I thanked him and hung up.  I just thought I would share this too see if anyone else has ran into this.

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Wellsfargo Credit Card Declined.

[ Edited ]

You need a deposit (checking/saving) account to open WF CC online and telephone. I believe you can open one without deposit account at the branch.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Wellsfargo Credit Card Declined.

I had to open a savings account with them by mail prior to being even able to app for their secured card. The whole process took about 3 weeks as they don't have any branches near me.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Established Contributor
Posts: 576
Registered: ‎11-13-2008
0

Re: Wellsfargo Credit Card Declined.

They are mediocre in the credit card world anyway, there are better cards out there. I would try BOA.

Contributor
Posts: 322
Registered: ‎10-19-2012
0

Re: Wellsfargo Credit Card Declined.

Then why the heck would he not just tell me that, I asked him if I needed a checking account and he said no.  Now the prequalified offer never stated anything about having to have a relationship with the bank at all. I read the Terms and conditions very close.  I looked through the entire offer. Sounds a little deceptive, I mean its their choice if they want me as their customer or not but at the same time the reason for the decline was just kind of stupid. Never even heard of such a thing.

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Established Contributor
Posts: 576
Registered: ‎11-13-2008
0

Re: Wellsfargo Credit Card Declined.

They suck as a bank, credit card company, whatever!

 

I would not bank with them if they paid me. They suck. Period. Enough said. 

 

A auto loan is a relationship so I do not understand their logic either.

Contributor
Posts: 322
Registered: ‎10-19-2012
0

Re: Wellsfargo Credit Card Declined.

Goodness, they must suck to decline due to the reason they stated. Waste of a hard pull, I was like um what just happened??


MrCredit wrote:

They suck as a bank, credit card company, whatever!

 

I would not bank with them if they paid me. They suck. Period. Enough said. 

 

A auto loan is a relationship so I do not understand their logic either.



o.O  

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Super Contributor
Posts: 5,274
Registered: ‎12-11-2011
0

Re: Wellsfargo Credit Card Declined.

WF prefers a deposit account of some sort with them to approve you for ANY credit card, however, once you open a deposit account, they'll pretty much approve you for any card so long as you dont have a BK or any other negs on your reports. 

;
New Contributor
Posts: 74
Registered: ‎01-05-2012
0

Re: Wellsfargo Credit Card Declined.

you most likely do need a checking or savings account with wells fargo (sucks how they make it a requirement of some sort). mrcredit is right though, you're not missing much from the credit card as there are better ones out there. If my wells fargo credit card wasn't my oldest line, i'd close it.

Amazon Store Card ($4000) Amex BCE ($7400) BofA Better Balance Rewards ($2500) Best Buy Store Card ($5000) Chase Freedom ($2500) Discover It ($5500) Walmart Discover ($6000) Wells Fargo CB ($3500)
Valued Contributor
Posts: 1,970
Registered: ‎01-24-2012
0

Re: Wellsfargo Credit Card Declined.

Even before you start the application it says you need to have a relationship with them, or you have to apply at a branch.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.