topic Re: Wells Fargo app in Credit Card Applications

Wells Fargo app

SnowBowl — Thu, 07 Jan 2016 03:00:07 GMT

Okay, me and my friend had a small bet going on.. 1st of all I can afford to give up a hit on EX based on researching I have done it seems that WF loves to pull EX. anyways next month will be 8 years old since my BK discharged filing date. now the big question is which one will likely to be approved. see below.

My credit profile: CS should be upper 730s to low 740s for next month for all 3 CRA. no CO, no missed payments at all post BK. its around 5% for UTIL but should be updated to 2% by the time I am ready to apply. income 35K

my friend credit profile. upper 680s to low 690s across CRA.. has a 5 years old CO in the amount of $8300. but has no BK reporting like mine does.. UTIL is hoovering around 28-30% depending on which CRA, his income is 4x more than mine.

I think the outcome will be interesting, thoughts ? could be no winner for this small bet lol will revisit this thread next month.

Re: Wells Fargo app

TrialByFire — Thu, 07 Jan 2016 03:26:07 GMT

Honestly I think yall are wasting your time apping for a WF card Pardon my bitterness towards them (2yo+ low limit card)

*Just for fun* put me down for both of you approved at 4k.

Re: Wells Fargo app

Anonymous — Thu, 07 Jan 2016 03:29:58 GMT

I agree, I do have WF acct but they never incrase my limit, go with chase, chase gave me 2 cards of 10k limit, I have direct deposit at WF and 10k savings, Now I am thinking to move my banking with chase..

Re: Wells Fargo app

myscore1 — Thu, 07 Jan 2016 03:42:21 GMT

@SnowBowl wrote:
Okay, me and my friend had a small bet going on.. 1st of all I can afford to give up a hit on EX based on researching I have done it seems that WF loves to pull EX. anyways next month will be 8 years old since my BK discharged filing date. now the big question is which one will likely to be approved. see below.

My credit profile: CS should be upper 730s to low 740s for next month for all 3 CRA. no CO, no missed payments at all post BK. its around 5% for UTIL but should be updated to 2% by the time I am ready to apply. income 35K

my friend credit profile. upper 680s to low 690s across CRA.. has a 5 years old CO in the amount of $8300. but has no BK reporting like mine does.. UTIL is hoovering around 28-30% depending on which CRA, his income is 4x more than mine.

I think the outcome will be interesting, thoughts ? could be no winner for this small bet lol will revisit this thread next month.

I am betting on you. Your buddy's higher income is going to raise more questions to Wells Fargo than your 35k. In addition, your scores are higher and your utilization is much lower.

Re: Wells Fargo app

12njoy — Thu, 07 Jan 2016 18:32:25 GMT

Good luck to you. I got a wells Fargo credit card that over the course of a year went from $2,500 to its current limit of $37,500. Now that took a few hard pulls to get it there through a combination of credit limit increases and merging another wells Fargo card that I got a few months after the 1st wells Fargo card.

Re: Wells Fargo app

Thomas_Thumb — Tue, 12 Jan 2016 15:35:36 GMT

@SnowBowl wrote:
Okay, me and my friend had a small bet going on.. 1st of all I can afford to give up a hit on EX based on researching I have done it seems that WF loves to pull EX. anyways next month will be 8 years old since my BK discharged filing date. now the big question is which one will likely to be approved. see below.

My credit profile: CS should be upper 730s to low 740s for next month for all 3 CRA. no CO, no missed payments at all post BK. its around 5% for UTIL but should be updated to 2% by the time I am ready to apply. income 35K

my friend credit profile. upper 680s to low 690s across CRA.. has a 5 years old CO in the amount of $8300. but has no BK reporting like mine does.. UTIL is hoovering around 28-30% depending on which CRA, his income is 4x more than mine.

I think the outcome will be interesting, thoughts ? could be no winner for this small bet lol will revisit this thread next month.

Both approved but with different limits. Your limit $3k, his limit $5k to start.

Re: Wells Fargo app

Anonymous — Tue, 12 Jan 2016 22:44:41 GMT

Did they pull EX or TU?

Re: Wells Fargo app

Anonymous — Tue, 20 Sep 2016 04:51:49 GMT

Just applied for a CC with WF from an offer they sent me for 15 months% interest. free. they only appoved me for $2K?? My score high of 768,n 745 and of course Experian is always the lowest 688, why is that? Does WF use Experian? I also have my mortgage with WF. So they gave me a limit just enough to cover the balance transfer?!! My DTI is less 2% and well below my limits, income is $90K. Have other cards with $15k etc. What is with WF?

Re: Wells Fargo app

Anonymous — Tue, 20 Sep 2016 15:04:00 GMT

@Anonymous wrote:
Just applied for a CC with WF from an offer they sent me for 15 months% interest. free. they only appoved me for $2K?? My score high of 768,n 745 and of course Experian is always the lowest 688, why is that? Does WF use Experian? I also have my mortgage with WF. So they gave me a limit just enough to cover the balance transfer?!! My DTI is less 2% and well below my limits, income is $90K. Have other cards with $15k etc. What is with WF?

Call them and ask for a manual review and request $15,000 CL.

Re: Wells Fargo app

Anonymous — Tue, 20 Sep 2016 15:37:51 GMT

Bk is always better than a CO.

Re: Wells Fargo app

Ghoshida — Thu, 22 Sep 2016 18:07:44 GMT

I don't have an Wells Fargo account, and I don't intend to open one.

It's one thing when your account gets hit by fraud done by outside criminals, but in this case, the bank itself is a criminal.

If you're opening a Wells Fargo account, be warned, your info will be used to open tons of fraudulent accounts and you'll have to face a lot of fees later, and you'll not even know what hit you.

You've been warned.

Re: Wells Fargo app

Bug101 — Fri, 23 Sep 2016 14:12:23 GMT

Thanks for the warning..We just opened up a WF cc. They gave 10K. I am going to keep a sharp eye on this account thanks to your warning.

Re: Wells Fargo app

Ghoshida — Fri, 23 Sep 2016 18:39:43 GMT

@Bug101 wrote:
Thanks for the warning..We just opened up a WF cc. They gave 10K. I am going to keep a sharp eye on this account thanks to your warning.

Bug101, you're welcome.

Keep an eye out for your credit reports and online accounts too. Good luck.

Re: Wells Fargo app

acciofirebolt — Sat, 24 Sep 2016 04:53:00 GMT

@Anonymous wrote:
Just applied for a CC with WF from an offer they sent me for 15 months% interest. free. they only appoved me for $2K?? My score high of 768,n 745 and of course Experian is always the lowest 688, why is that? Does WF use Experian? I also have my mortgage with WF. So they gave me a limit just enough to cover the balance transfer?!! My DTI is less 2% and well below my limits, income is $90K. Have other cards with $15k etc. What is with WF?

I think WF does use EX, though I'm not sure which model they use. The score they provide me on my app is a FICO Bankcard Score 2 score which is 60+ points lower than my 08 score

Re: Wells Fargo app

Anonymous — Sun, 02 Oct 2016 05:51:09 GMT

If you don't have any banking accounts or a relationship with Wells Fargo, I doubt either of you will be approved. I've seen people with 800+ scores declined by WF. They seem to want a relationship with you before approving CC's with you. Not 100% of the time obviously, but most of the time. Good luck.

Re: Wells Fargo app

FireMedic1 — Sun, 02 Oct 2016 08:42:32 GMT

@Anonymous wrote:
I agree, I do have WF acct but they never incrase my limit, go with chase, chase gave me 2 cards of 10k limit, I have direct deposit at WF and 10k savings, Now I am thinking to move my banking with chase..

Chase has or had a deal if you switch you got $500 for opening a checking and savings account. I got $300 when I switched 10 months ago for checking. Back to OP. With whats been on the news. And the way they were with me back in the early 90's. They can................. Dont wanna get banned.

Re: Wells Fargo app

gibeon — Mon, 03 Oct 2016 02:32:05 GMT

Re: Wells Fargo app

pipeguy — Mon, 03 Oct 2016 02:44:16 GMT

@Ghoshida wrote:
I don't have an Wells Fargo account, and I don't intend to open one.

It's one thing when your account gets hit by fraud done by outside criminals, but in this case, the bank itself is a criminal.

If you're opening a Wells Fargo account, be warned, your info will be used to open tons of fraudulent accounts and you'll have to face a lot of fees later, and you'll not even know what hit you.

You've been warned.

I seriously doubt that WF will "continue" the blind eye practice now that they are under the microscope of the CFPB and Congress - Not justifying their past practices, but I disagree with your assumption.

Edit/Add: I've had a WF Mortgage for over 10 years, no issues at all and I just accepted a $16k starting CL Cash Wise Visa with 15 months 0% - not the least bit concerned.