topic Re: Wells Fargo AMeX preapproval.. in Credit Card Applications

Wells Fargo AMeX preapproval..

Random_idiot — Thu, 12 Jan 2017 05:42:34 GMT

Just got the mailer for it.. Anyone have it, is it any good? 3x gas, 2x dining is actually pretty good.

Only issue is I don't see it anywhere talking about a sign up bonus..

Thoughts?

Re: Wells Fargo AMeX preapproval..

austinguy907 — Thu, 12 Jan 2017 05:44:03 GMT

Why not add a BCE instead of dipping your toes in the WF pond?

Re: Wells Fargo AMeX preapproval..

Random_idiot — Thu, 12 Jan 2017 05:47:39 GMT

I usually use most of my spending for URs.. could you elaborate on the BCE?

Re: Wells Fargo AMeX preapproval..

austinguy907 — Thu, 12 Jan 2017 06:03:11 GMT

If most of your spend is with Chase then what benefit does WF provide?

Re: Wells Fargo AMeX preapproval..

Random_idiot — Thu, 12 Jan 2017 06:17:43 GMT

nothing really, I was just curious how good that card was.

Re: Wells Fargo AMeX preapproval..

austinguy907 — Thu, 12 Jan 2017 07:11:50 GMT

Doesn't look like anything more than the run of the mill 3/2/1 catagory card. Interesting wording though in the T&C that is kind of funny.

https://www.wellsfargo.com/credit-cards/propel/terms/

If you have a credit card with Wells Fargo, have no current balance on that card and have not used your card for any purpose in the past six months and you are applying for an additional card, you agree to allow Wells Fargo to allocate your credit limits between your existing and new credit card accounts, to allow for use of both cards.

This might be useful for those prone to dropping ~~or losing~~ their phones:

Cellular Telephone Protection can reimburse the eligible Wells Fargo Consumer credit card cardholder for damage to or theft of a cellular wireless telephone. Eligible Cellular Wireless Telephones are limited to the primary line and up to the first three additional lines as listed on your provider's monthly statement. Cellular Telephone Protection is subject to a $25.00 deductible per claim and a maximum of 2 claims per 12 month period.

Re: Wells Fargo AMeX preapproval..

fltireguy — Thu, 12 Jan 2017 10:56:11 GMT

The cell phone coverage, in its self, is one reason I have thought about Wells Fargo cards myself . That benefit and it's self, the fact that I have five on lines, probably save me about $500 per year. It would actually even make a secured card with them worthwhile.

Re: Wells Fargo AMeX preapproval..

Anonymous — Thu, 12 Jan 2017 11:07:16 GMT

Close to a branch? If so, go in with the paper. And hopefully they can check online and get you the 40k offer. But ideally 5/24 should be important for bonuses so proceed with caution. CSR should be your next card!!!

Re: Wells Fargo AMeX preapproval..

Random_idiot — Thu, 12 Jan 2017 14:42:25 GMT

My current spending doesn't justify the 450 yet.

Maybe as I start traveling more it would. But currently, the CSR just doesn't fit my needs otherwise, I would love to go in branch and get the CSR esp with the 100k offer about to go away within a few months.

The Wells Fargo has no annual fee, I think. Not bad, I can take off my rental insurance with Verizon and instead get covered by this, saving me money! That is def something to think about, and who knows jfriend33, with the amount I save, I just might get the CSR

Re: Wells Fargo AMeX preapproval..

wallstreet177 — Thu, 12 Jan 2017 23:46:18 GMT

The cell phone protection sounds pretty sweet. But with all the legal trouble and fraud occuring at WF, I wouldn't trust any product that company has to offer. IMO

Re: Wells Fargo AMeX preapproval..

UncleB — Fri, 13 Jan 2017 01:44:08 GMT

@Random_idiot wrote:
Just got the mailer for it.. Anyone have it, is it any good? 3x gas, 2x dining is actually pretty good.

Only issue is I don't see it anywhere talking about a sign up bonus..

Thoughts?

If you have a set APR on the mailer you should be golden. I kept getting a pop-up online and notification on the WF app about the Propel, but the APR was always too high for my tastes (22.xx%). A few months back it lowered to 18.xx%, and just recently it lowered to 15.49%. Since I was interested in the card for OD protection and the cell phone coverage anyway I took the bait, and was instantly approved.

IMO if you're interested in chasing bonuses this is obviously not the right card, but from past experience with relatives I can say that WF isn't easily spooked and is solid, albeit basic. I plan on using mine on occasion for the 2x on dining, and that's probably about it. My relatives did report getting decent BT offers from time-to-time, so if that happens for me I might consider that angle as well.

I do not have any data points on how a pre-qual for the 'regular' Propel might indicate your chances of getting the version with the bonus; unfortunately the WF cards aren't extremely popular on here so there's not as much info.

Re: Wells Fargo AMeX preapproval..

Anonymous — Fri, 13 Jan 2017 02:41:12 GMT

@UncleB wrote:
@Random_idiot wrote:
Just got the mailer for it.. Anyone have it, is it any good? 3x gas, 2x dining is actually pretty good.

Only issue is I don't see it anywhere talking about a sign up bonus..

Thoughts?
If you have a set APR on the mailer you should be golden. I kept getting a pop-up online and notification on the WF app about the Propel, but the APR was always too high for my tastes (22.xx%). A few months back it lowered to 18.xx%, and just recently it lowered to 15.49%. Since I was interested in the card for OD protection and the cell phone coverage anyway I took the bait, and was instantly approved.

IMO if you're interested in chasing bonuses this is obviously not the right card, but from past experience with relatives I can say that WF isn't easily spooked and is solid, albeit basic. I plan on using mine on occasion for the 2x on dining, and that's probably about it. My relatives did report getting decent BT offers from time-to-time, so if that happens for me I might consider that angle as well.

I do not have any data points on how a pre-qual for the 'regular' Propel might indicate your chances of getting the version with the bonus; unfortunately the WF cards aren't extremely popular on here so there's not as much info.

UncleB all your cards are gone!

Re: Wells Fargo AMeX preapproval..

UncleB — Fri, 13 Jan 2017 02:46:43 GMT

@Anonymous wrote:
@UncleB wrote:
@Random_idiot wrote:
Just got the mailer for it.. Anyone have it, is it any good? 3x gas, 2x dining is actually pretty good.

Only issue is I don't see it anywhere talking about a sign up bonus..

Thoughts?
If you have a set APR on the mailer you should be golden. I kept getting a pop-up online and notification on the WF app about the Propel, but the APR was always too high for my tastes (22.xx%). A few months back it lowered to 18.xx%, and just recently it lowered to 15.49%. Since I was interested in the card for OD protection and the cell phone coverage anyway I took the bait, and was instantly approved.

IMO if you're interested in chasing bonuses this is obviously not the right card, but from past experience with relatives I can say that WF isn't easily spooked and is solid, albeit basic. I plan on using mine on occasion for the 2x on dining, and that's probably about it. My relatives did report getting decent BT offers from time-to-time, so if that happens for me I might consider that angle as well.

I do not have any data points on how a pre-qual for the 'regular' Propel might indicate your chances of getting the version with the bonus; unfortunately the WF cards aren't extremely popular on here so there's not as much info.

UncleB all your cards are gone!

LOL... I'm just trying out a new 'minimalist' look.

Re: Wells Fargo AMeX preapproval..

Random_idiot — Fri, 13 Jan 2017 21:13:55 GMT

I might strongly consider getting WF, but not now.. going to hold off on getting anything to get my last Chase card- IHG.

And then I'll casually 'stroll' in the garden, until offers like the propel and other cards with strong benefits show up..

Anyone else know of any other cards with good benefits like that?
No AF cards..

Re: Wells Fargo AMeX preapproval..

BronzeTrader — Fri, 13 Jan 2017 22:47:34 GMT

I have the Propel card. Since I bank with WF, it is no brainer to have a CC with the bank. It is not my go-to card, but it gives me FICO and other stuff. Just want to keep the credit line open with WF.

Re: Wells Fargo AMeX preapproval..

Anonymous — Sat, 14 Jan 2017 05:38:48 GMT

Like the OP, I too got a mailer and app'ed in Aug 16. Was approved for 2K at 0% for first 15 months and 19.26% APR later.

It seems WF gives CLI after 12 months..it's the card with lowest limit but for 0% APR and 0 AF, good deal..