topic Re: Wells Fargo Autograph Journey Approval with Data Points in Credit Card Approvals

Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Thu, 02 May 2024 04:01:33 GMT

TLDR:

Wells Fargo Autograph Journey

Instant online approval

Starting limit $20k

Single EQ pull in Florida

EQ FICO8 classic 841

EQ FICO8 bankcard 866

New accounts 0/12, 2/24

Inquiries 0/24 (on EQ)

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Unabridged version:

After waiting until the month after reaching 0/12 new accounts, I decided it was time to go for a new signup bonus and set my sights on the Wells Fargo Autograph Journey. I did not have an existing relationship with WF, but I had a few mortgage accounts in the past (all paid as agreed).

I tried filling out the online prequalification tool, but it did not give me any options. This probably has to do with my marketing “opt-out” status. So, I went ahead with a cold app and received an instant online approval with a starting limit of $20k. The application asked for home ownership status (own), employment (retired), and income (low 6 figures). There were no questions about investable assets.

I received a credit monitoring alert for a new inquiry on Equifax. I will pull my Annual Credit Reports later to see if there are any soft pulls on EX or TU. My pre-app EQ data points are as follows:

FICO8 = 841

FICO8 Bankcard = 866

Inquiries = 0/24

New accounts = 0/12, 2/24

Utilization = 1% aggregate, 4% highest individual account

Debt to income ratio = 1%

I was able to create an online account and add my new card to a mobile wallet with $12k available immediately (the physical card should be here within 7 business days). The website seems very easy to use and has good information including a free FICO9 Experian score (my first free FICO9 source).

All in all, a very favorable outcome.

Re: Wells Fargo Autograph Journey Approval with Data Points

Rdbeetle — Thu, 02 May 2024 00:34:45 GMT

Congrats on your $20k WF approval!

Re: Wells Fargo Autograph Journey Approval with Data Points

JoeRockhead — Thu, 02 May 2024 00:35:57 GMT

Great DPs. Very nice SL and approval, congratulations!

Re: Wells Fargo Autograph Journey Approval with Data Points

keekers — Thu, 02 May 2024 00:39:31 GMT

Congrats; thanks for the DPs.

Re: Wells Fargo Autograph Journey Approval with Data Points

CorpCrMgr1 — Thu, 02 May 2024 01:17:31 GMT

Congratulations on your approval!

Re: Wells Fargo Autograph Journey Approval with Data Points

Wu-Credit — Thu, 02 May 2024 02:04:10 GMT

Congratulations and thanks for sharing!

Re: Wells Fargo Autograph Journey Approval with Data Points

FlaDude — Thu, 02 May 2024 03:21:26 GMT

Congrats on the approval and thanks for the DPs! Congrats on the nice scores too!

Re: Wells Fargo Autograph Journey Approval with Data Points

Zoostation1 — Thu, 02 May 2024 05:03:55 GMT

Congrats on the approval!

Re: Wells Fargo Autograph Journey Approval with Data Points

nytokyobred79 — Thu, 02 May 2024 08:12:51 GMT

Congrats on your approval.

Re: Wells Fargo Autograph Journey Approval with Data Points

NoMoreDebt — Thu, 02 May 2024 10:16:37 GMT

Congrats

Re: Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Thu, 02 May 2024 18:22:17 GMT

Thanks for all the messages of congratulations!

I promised to report back about any soft pulls on Annual Credit Report. There were none on TU. EX had 2 soft pulls. My guess is that the first one was created when I filled out the pre-qualification form. The source of the pull was listed as "WF CRD SVC". The second pull was from "Wells Fargo Bank" and is likely from me setting up my online account and then viewing the free FICO9 score.

Re: Wells Fargo Autograph Journey Approval with Data Points

user979797 — Thu, 02 May 2024 19:12:55 GMT

Congrats to you on your Wells Fargo Autograph approval. I really like the Wells Fargo cards and features hope you enjoy it

Re: Wells Fargo Autograph Journey Approval with Data Points

cashorcharge — Thu, 02 May 2024 22:25:58 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Re: Wells Fargo Autograph Journey Approval with Data Points

LADave — Thu, 02 May 2024 22:40:11 GMT

That's a great approval @NoHardLimits , congratulations! It's nice to hear that you were able to get it added to your mobile wallet with a brand-new WF online account.

If I wasn't already invested in rewards programs that are outside of WF's transfer partners I'd probably be making a beeline for the Autograph Jounrey. As it is I probably have too many unused AA and PenFed points. After I've burned off most of those points I'll probably get it later in my credit card journey. (Journey - get it? I'll be here all week, enjoy the fish!)

Re: Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Thu, 02 May 2024 23:24:52 GMT

@LADave wrote:
That's a great approval @NoHardLimits , congratulations! It's nice to hear that you were able to get it added to your mobile wallet with a brand-new WF online account.

If I wasn't already invested in rewards programs that are outside of WF's transfer partners I'd probably be making a beeline for the Autograph Jounrey. As it is I probably have too many unused AA and PenFed points. After I've burned off most of those points I'll probably get it later in my credit card journey. (Journey - get it? I'll be here all week, enjoy the fish!)

I used Google Wallet to pay for lunch at a sandwich shop earlier today, so I have taken the first baby step towards earning the 60k signup bonus.

Like you, I also have a large stash of other airline/hotel/MR points. However, I'm just planning to treat the Autograph points as cash equivalents via statement credits. I know that probably makes the folks on "team transferrable points" cringe, but cash value is perfectly fine with me in this particular case.

Re: Wells Fargo Autograph Journey Approval with Data Points

Snook_on_the_Line — Thu, 02 May 2024 23:44:07 GMT

I also get my free exp fico 9 from WF

the only problem is it only updates once a month

at least it does for deposit accounts.
Not sure about credit cards

Re: Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Fri, 03 May 2024 00:00:51 GMT

@Snook_on_the_Line wrote:
I also get my free exp fico 9 from WF

the only problem is it only updates once a month

at least it does for deposit accounts.
Not sure about credit cards

I think mine will also only update once a month. When I look at the FAQ, it says:

"This FICO® Score is updated monthly, and you can expect to see your updated score on or around the same day each month. Scores reflect data from your credit file at the time it was calculated and may be from a previous period."

For my banks, most of the ones that provide FICO8 scores update once a month. The ones that provide Vantage3 scores update weekly. The only outlier for me is Amex which updates FICO8 EX weekly.

Re: Wells Fargo Autograph Journey Approval with Data Points

Aim_High — Sun, 05 May 2024 02:13:58 GMT

Congratulations on an awesome Wells Fargo Journey Approval, @NoHardLimits!

And thanks for sharing all your extensive data points with the community! Very helpful.

Re: Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Sun, 05 May 2024 02:40:50 GMT

Thanks for all of the congratulations!

I will update this thread when I have more datapoints. Specifically, how long it takes to received the physical card and how my scores are affected once the new account starts reporting.

In the meantime, I saw a datapoint reported on a different thread tonight and thought it would be helpful to add mine here as well. The datapoint was where the SL stood in relation to the rest of my current CLs. The SL is roughly 30% less than my average and median CLs, but exactly the same as 3 of my most recent 4 apps (Cap1 Venture, USBAR, and US Shopper Cash). This is interesting as my income significantly decreased (fully retired now) right in the middle of all those apps. I was concerned that SLs would decrease, but so far so good!

Re: Wells Fargo Autograph Journey Approval with Data Points

NoHardLimits — Fri, 17 May 2024 17:49:22 GMT

@NoHardLimits wrote:
I will update this thread when I have more datapoints. Specifically, how long it takes to received the physical card and how my scores are affected once the new account starts reporting.

I'm back with some more datapoints. The following is a timeline of events that have occured so far:

Day of application - instant online approval, added card to Google Wallet on phone, access to FICO9 score

+1 day - used Google Wallet to make first purchase

+7 days - received physical card in the mail, added card to Google Wallet on smartwatch which required a phone call to "tech" CSR

+13 days - first statement cut

+15 days - rewards available from first statement

+16 days - new account starts reporting on EQ, FICO8 drops by -11 points

I'll wrap up my datapoint reporting in a couple weeks after I get the rest of my score updates.