topic Re: Hmmm, to app or not to app- Wells Fargo , in Credit Card Applications

Hmmm, to app or not to app- Wells Fargo ,

DaveInAZ — Sat, 27 Apr 2019 20:26:40 GMT

So I got a mailer from Wells Fargo . Platinum card, 0% 18 months, set APR 21.74% (high, but I won’t carry a balance after 0%), with ‘reservation code’. Tempted, but I don’t like or trust WF.

I don’t see many approvals for Wells Fargo mailers w/code like BBVA or BB&T. Thoughts?

Re: Hmmm, to app or not to app- Wells Fargo ,

pinkandgrey — Sat, 27 Apr 2019 20:39:56 GMT

My first instinct says that if WF is actually ASKING you to app, it’s a solid offer lol. To me they’ve always seemed like a conservative, “don’t-even-bother” bank. If you want the card, go for it. I bet you get it. Good luck!!

Re: Hmmm, to app or not to app- Wells Fargo ,

DaveInAZ — Sat, 27 Apr 2019 22:30:32 GMT

@pinkandgrey wrote:
My first instinct says that if WF is actually ASKING you to app, it’s a solid offer lol. To me they’ve always seemed like a conservative, “don’t-even-bother” bank. If you want the card, go for it. I bet you get it. Good luck!!

Thanks, yeah the way it's worded it does seem they are asking me to app. But they are conservative, and a little overboard with documenting things. I app'd for a WF CC a couple years ago from a genric promo on their web site when I had a checking account with them for a SUB. I got an "under review" notice and then a letter asking for 2 months of pay stubs. I know that's their right to ask for POI, but I just refuse to do it for a high interest credit card.I didn't have to provide any POI for a $15k car loan in Sept. 2017, I'd been with the local credit union for a couple years, banking & CC, so they didn't even ask for a pay stub.

But the thing was that I had my payroll direct deposit going into the WF checking for the bonus, if Wells wanted POI all they had to do was look at my checking account! The whole thing just seemed so stupid I threw the letter in the trash and wrote them off my list.

I'm thinking about it . . . Looks like they pull EX for Arizona, I'm 718 on EX with 8 inquires, but 4 fall off in the next month. Would love a pull on TU, 731 Fico & only 3 inquires, hardly anyone pulls TU anymore . . .

Re: Hmmm, to app or not to app- Wells Fargo ,

AverageJoesCredit — Sat, 27 Apr 2019 23:02:41 GMT

Tell that to my TU report

I think you could give it a try to test the waters so to speak. I didnt have any relationship prior to my first WF Amex about 2 years ago and since then i , lol pc'd to Cashwise ( i laugh as it really wasnt a pc haha) picked up the bonus, which paid as soon as the 90 day promo ended, and eventually approved the Propel. No true problems so far. Just an extra lender for diversity

Re: Hmmm, to app or not to app- Wells Fargo ,

DaveInAZ — Sat, 27 Apr 2019 23:44:06 GMT

@AverageJoesCredit wrote:
Tell that to my TU report

I think you could give it a try to test the waters so to speak. I didnt have any relationship prior to my first WF Amex about 2 years ago and since then i , lol pc'd to Cashwise ( i laugh as it really wasnt a pc haha) picked up the bonus, which paid as soon as the 90 day promo ended, and eventually approved the Propel. No true problems so far. Just an extra lender for diversity

Who pulls TU? Synchrony & Barclays are the only ones I know. The only inquires I have on TU are a triple pull from Cap One & a car dealer, plus Barclays when I "PC'd" to Uber by app'ing & approved, then moving my Cash Forward CL to it & closing Cash Forward. I've still never taken an Uber, I don't travel much, but the 4% on dining is nice.

Thanks for the encouragement, I think I'll app tomorrow for Wells, Sunday is my day to do banking, check credit scores, etc.

Re: Hmmm, to app or not to app- Wells Fargo ,

Anonymous — Sun, 28 Apr 2019 00:17:34 GMT

Everyone likes to pull TU here in CO.

NFCU, Synchrony, Barclays, Citi, and Commerce Bank all grace my TU with inquiries right now.

Re: Hmmm, to app or not to app- Wells Fargo ,

forestgreenrover — Sun, 28 Apr 2019 00:28:46 GMT

Wells actually pulled TU on me in January for my CashWise, but they actually double pulled me and I suspect one of those pulls was for the overdraft protection I opted to bolt onto my recently opened checking account with them. I think the other CB was EX, but as I say I don't know which was which, or if they even did a pull for the overdraft I just would imagine they did. Anyway, I'm in Ohio so not all that relevant but a DP is a DP lol

I know their rep is in the toilet right now and may never stop circling the drain actually, but FWIW I've been impressed with them so far despite the lack of a single branch in my state. It's certainly been a better banking experience than I've had with a few others.

Re: Hmmm, to app or not to app- Wells Fargo ,

AverageJoesCredit — Sun, 28 Apr 2019 02:12:15 GMT

LOL @Anonymous, yup here too in PR, my TU always is litterred with hps, them and Equisux. Navy has about 8 or nine out of my 17

Re: Hmmm, to app or not to app- Wells Fargo ,

Anonymous — Sun, 28 Apr 2019 02:20:12 GMT

@AJC - 8 or 9 from Navy

I threw away the Citi and Commerce ones because I knew I wasn’t gonna get approved. I tried for Uber last night because meh, I was out of the garden already thanks to US Bank, shot down for 6 accounts in 6 months.

I don’t want to throw away any on Navy though... although seeing you have about $3K more exposure than I do makes it a bit more appealing to try 🤣

But yeah here it’s TU first, Disco likes EQ and so do the credit unions (PenFed, DCU, and Navy on there), Amex and BBVA seem to pull Experian no matter where you live, Citi likes to pull EX as a secondary, and US Bank pulls EX for some reason here in CO. Everyone else pulls TU.

Re: Hmmm, to app or not to app- Wells Fargo ,

Remedios — Sun, 28 Apr 2019 02:30:44 GMT

@DaveInAZ Good luck tomorrow!

Re: Hmmm, to app or not to app- Wells Fargo ,

mikesonthemend — Sun, 28 Apr 2019 02:41:04 GMT

@DaveInAZ wrote:
Who pulls TU?

US Bank pulled TU on me.

Re: Hmmm, to app or not to app- Wells Fargo ,

CreditInspired — Sun, 28 Apr 2019 11:28:05 GMT

@DaveInAZ wrote:
So I got a mailer from Wells Fargo . Platinum card, 0% 18 months, set APR 21.74% (high, but I won’t carry a balance after 0%), with ‘reservation code’. Tempted, but I don’t like or trust WF.

I don’t see many approvals for Wells Fargo mailers w/code like BBVA or BB&T. Thoughts?

I would go with your gut feeling. Our instincts are usually always on target.

Re: Hmmm, to app or not to app- Wells Fargo ,

AverageJoesCredit — Sun, 28 Apr 2019 12:01:46 GMT

Agreed @CreditInspired

Most of the time when i waste a darned hp i know im going to get rejected but do it anyway. Just say no to #DEPapping!

Re: Hmmm, to app or not to app- Wells Fargo ,

CreditInspired — Sun, 28 Apr 2019 14:07:11 GMT

@AverageJoesCredit wrote:
Agreed @CreditInspired

Most of the time when i waste a darned hp i know im going to get rejected but do it anyway. Just say no to #DEPapping!

😂🤣😂🤣.

Re: Hmmm, to app or not to app- Wells Fargo ,

DaveInAZ — Sun, 28 Apr 2019 18:33:52 GMT

@CreditInspired wrote:
@DaveInAZ wrote:
So I got a mailer from Wells Fargo . Platinum card, 0% 18 months, set APR 21.74% (high, but I won’t carry a balance after 0%), with ‘reservation code’. Tempted, but I don’t like or trust WF.

I don’t see many approvals for Wells Fargo mailers w/code like BBVA or BB&T. Thoughts?
I would go with your gut feeling. Our instincts are usually always on target.

Yeah, for a lot of decisions my gut instinct works well, but for financial decisions I like a few more "hints". And . .

Checked Credit Karma this morning (yeah!) and they claim I'm "pre-selected" for Wells Propel Amex at "80% odds". And for Wells Cash Wise and Platinum (my mailer offer) "very good odds". And then I have a Wells checking account again, just for a bonus. And logged into my Wells account I have a promo for Cash Wise, but it just says "You agree that we may consider you for a Visa Signature credit card if you qualify". Hmmm, awfully vague, and the APR is a range, 16.24% to 28.24%. But there's also a promo for Platinum that says "You can choose to stop receiving "prescreened" offers of credit from this and other companies", and the same specific APR as my mailer, 21.74%. So my "hints" are now that Wells is targeting me, and specifically for the Platinum.

About ready to pull the trigger . .

EDIT: Trigger pulled:

Thank you for your application, DAVID
Wells Fargo Platinum Visa® Credit Card

We need to verify a few pieces of information before we can give you a credit decision.

Status: Pending

What happens next

We'll send you a confirmation email in the next few minutes.
If approved, your new credit card will be mailed in 5-7 business days. If we are unable to grant you credit, we will let you know why in writing.

Instant alert from Experian that Wells pulled my CR.

Re: Hmmm, to app or not to app- Wells Fargo ,

Gmood1 — Sun, 28 Apr 2019 18:52:54 GMT

You can either wait on the UW to call. Or call them and answer a couple of verification questions.

Re: Hmmm, to app or not to app- Wells Fargo ,

AverageJoesCredit — Sun, 28 Apr 2019 20:29:12 GMT

Yeah, ive always had to wait. Im shocked to learn a new thing today....Your real name is DAVID. I just thought Dave was short for Dave Good luck

Re: Hmmm, to app or not to app- Wells Fargo ,

fritscher — Mon, 29 Apr 2019 01:26:30 GMT

Go for it

Re: Hmmm, to app or not to app- Wells Fargo ,

Anonymous — Tue, 30 Apr 2019 04:00:54 GMT

I got declined by them last year. I got that mailer 2 months ago. Said screw it, applied online , and got the pending message. Called in 5 hours later and the automated response said congrats your cl is 6,500, card will be there in 10 days.

Re: Hmmm, to app or not to app- Wells Fargo ,

Anonymous — Tue, 30 Apr 2019 23:24:14 GMT

Dave, did you receive an update on whether or not you were approved?