topic Re: Approved for Wells Fargo Cash Wise...but a question... in Credit Card Approvals

Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Sat, 07 Mar 2020 14:41:52 GMT

I have a Wells Fargo Platinum credit card with an $8,000 limit. No rewards. I got an offer in the mail for the Wells Fargo Cash Rewards card, which to me makes sense so I can use the rewards (I always pay off my statement balance). I was approved for $5,000. So...will Wells Fargo close my Platinum card now I have the Rewards card? I hope not, because I want the credit bump of total available credit.

Re: Approved for Wells Fargo Cash Wise...but a question...

Mv350 — Sat, 07 Mar 2020 14:47:44 GMT

@Anonymous wrote:
I have a Wells Fargo Platinum credit card with an $8,000 limit. No rewards. I got an offer in the mail for the Wells Fargo Cash Rewards card, which to me makes sense so I can use the rewards (I always pay off my statement balance). I was approved for $5,000. So...will Wells Fargo close my Platinum card now I have the Rewards card? I hope not, because I want the credit bump of total available credit.

No they won't close the other card. You would have to call and request that it be closed. If it doesn't have an AF, I would keep it open. Maybe every couple months put a small charge on it, to make sure it stays active.

Congratulations on the approval!!! 🎉🎉

Re: Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Sat, 07 Mar 2020 14:51:27 GMT

Thank you! And no annual fee! I'll definitely keep it open. I have come a long way. Have a bankruptcy that drops off in a year and a very healthy amount of available credit. Wells Fargo it started with a $2000 secured card and in 4 years now $13k in credit!

Re: Approved for Wells Fargo Cash Wise...but a question...

Dreams_Come_True — Sat, 07 Mar 2020 15:11:03 GMT

Congratulations on your approval! 🥳

Re: Approved for Wells Fargo Cash Wise...but a question...

M_Smart007 — Sat, 07 Mar 2020 15:12:54 GMT

Congratulations!

Re: Approved for Wells Fargo Cash Wise...but a question...

M_Smart007 — Sat, 07 Mar 2020 15:13:59 GMT

They will not close your other card!

Re: Approved for Wells Fargo Cash Wise...but a question...

AllZero — Sat, 07 Mar 2020 17:08:36 GMT

Congratulations on your approval!

Re: Approved for Wells Fargo Cash Wise...but a question...

blindambition — Sat, 07 Mar 2020 17:10:24 GMT

Congrats on the approval!! Enjoy your rewards earning potential.

If your Platinum has a low APR, still has value in profile. Along with limit padding your utilization.

Re: Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Sat, 07 Mar 2020 17:31:38 GMT

Congratulations on your approval! 👍

Re: Approved for Wells Fargo Cash Wise...but a question...

Traveler101 — Sun, 08 Mar 2020 00:31:02 GMT

Congrats!

Re: Approved for Wells Fargo Cash Wise...but a question...

KLEXH25 — Sun, 08 Mar 2020 03:28:12 GMT

@Anonymous wrote:
Thank you! And no annual fee! I'll definitely keep it open. I have come a long way. Have a bankruptcy that drops off in a year and a very healthy amount of available credit. Wells Fargo it started with a $2000 secured card and in 4 years now $13k in credit!

Congrats on your approval!! Wells Fargo had offered me a secured card years ago and I never took them up on it. At the time I didn't understand the concept of secured cards or that they could graduate and get me a foot in the door. Now I'm kicking myself for it! You're doing a great job.

Re: Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Sun, 08 Mar 2020 04:35:54 GMT

Congrats on your approval and no they won't

Re: Approved for Wells Fargo Cash Wise...but a question...

Meanmchine — Sun, 08 Mar 2020 05:40:45 GMT

Congrats on your new WF card !

Re: Approved for Wells Fargo Cash Wise...but a question...

Creditmakhi — Sun, 08 Mar 2020 12:06:27 GMT

Congrats op and no they won't cancel the first card ..

Re: Approved for Wells Fargo Cash Wise...but a question...

AverageJoesCredit — Sun, 08 Mar 2020 14:22:31 GMT

@Anonymous wrote:
I have a Wells Fargo Platinum credit card with an $8,000 limit. No rewards. I got an offer in the mail for the Wells Fargo Cash Rewards card, which to me makes sense so I can use the rewards (I always pay off my statement balance). I was approved for $5,000. So...will Wells Fargo close my Platinum card now I have the Rewards card? I hope not, because I want the credit bump of total available credit.

No, credit cards dont work like that. Congrats, those are pretty nice limits for WF. Enjoy

Re: Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Sun, 08 Mar 2020 14:45:31 GMT

I suspect that since I have had this account for over 20 years and have had direct deposits of 150k/year from employment for 4 years WF gives me some extra juice with my credit limit...

Re: Approved for Wells Fargo Cash Wise...but a question...

Dreams_Come_True — Sun, 08 Mar 2020 21:30:14 GMT

Congrats on your approval!

Re: Approved for Wells Fargo Cash Wise...but a question...

19eighty5 — Wed, 11 Mar 2020 02:56:48 GMT

Congratulations!

Re: Approved for Wells Fargo Cash Wise...but a question...

Anonymous — Wed, 11 Mar 2020 15:51:07 GMT

Congratulations!