topic Re: Wells Fargo Propel - First App Pending / Now Income Verification? in Credit Card Applications

Wells Fargo Propel - First App Pending / Now Income Verification?

Anonymous — Thu, 22 Aug 2019 18:57:22 GMT

Hey everyone. I applied over the weekend for the Wells Fargo Propel card and received the all too common pending message (needing more information). I called in earlier today and after verifying basic information, I was told the only thing they needed was for me to take recent paystubs down to a local branch. I was a bit annoyed but I took the stubs down and was told to wait 24 hours for a decision. Has anyone else been through this and have any advice? I'm rather nervous as I came out of the garden to apply for this one and would be devasted if I don't get it.

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

Jnbmom — Mon, 19 Aug 2019 17:36:29 GMT

Although I don't have any WF experience, I think you have a good shot if they requested income info.

Appreciate the info as well, I am not a fan of POI for credit cards only loans, so I can cross them off the list😆

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

M_Smart007 — Mon, 19 Aug 2019 19:04:40 GMT

@Jnbmom wrote:
Although I don't have any WF experience, I think you have a good shot if they requested income info.

Appreciate the info as well, I am not a fan of POI for credit cards only loans, so I can cross them off the list😆

They don't always ask for POI. It may be a random thing or UW wanted to see.

Could be time at Job? I do not know for sure, just taking guesses at this point.

I have had many WF cards over the years, They have never asked for anything,

Not even a copy of Drivers License.

Always have had instant approval.

Sometimes other lenders ask, as I have seen posted. Cap1, Chase, US Bank ..probably a few others.

In Close to 38 years of Credit and 45 or so approvals, Only was I asked a few months ago by Disco for a uploaded Copy of

DL on 2nd IT card. They just wanted to make sure it was Me who applied, Per The Phone Call I made.

I'm guessing that OP has a fairly good chance of approval, but maybe slightly lower SL due to Utilization. Again just a guess.

I am often wrong, More than I am right Just ask @Dinosaur!

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

Anonymous — Mon, 19 Aug 2019 20:54:07 GMT

Wells Fargo is weird now. Ever since they were caught creating fake accounts or rather opening cards for consumers without their knowledge, they have all these random checks in places.

In the future wait for the last negative to fall off. You said it was only a few months away. The last negative always gives the biggest boost to score.

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

sjt — Mon, 19 Aug 2019 20:57:24 GMT

@Anonymous wrote:
Hey everyone. I applied over the weekend for the Wells Fargo Propel card and received the all too common pending message (needing more information). I called in earlier today and after verifying basic information, I was told the only thing they needed was for me to take recent paystubs down to a local branch. I was a bit annoyed but I took the stubs down and was told to wait 24 hours for a decision. Has anyone else been through this and have any advice? I'm rather nervous as I came out of the garden to apply for this one and would be devasted if I don't get it.

DPs so far: Pulled EX
I have a checking account with them.
Scores range between 690-720
Utilization under 30%
Inquiries: TU: 1 EQ: 0 EX: 2 (including WF)
Only one baddie and it's on EX and due to fall off in a few months.

Requesting additional information is a good sign.

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

Anonymous — Tue, 08 Oct 2019 00:28:12 GMT

Same thing just happened to me! Had Cash Wise visa with them for 2 years and opened checking 2 months ago. Applied for propel 10/6 with email saying they needed time to verify information. Called automated phone line next day saying I had prelim rejection. Called in and CSR asked for 2 pay stubs. Only other bank that ever asked for that was US Bank. My FICO is 814 and income over 100k! I’m 4/24 on TU, 6/24 on EX/EQ with 1% util. Maybe they didn’t believe me when I wrote down assets...

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

rhapsody1 — Wed, 09 Oct 2019 02:30:39 GMT

How did this work out for you ( directed at original poster )

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

rhapsody1 — Wed, 09 Oct 2019 02:25:50 GMT

Are you planing to send them copies of your pay stubs? Curious how it works out if they ask for income verification

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

TSlop — Wed, 09 Oct 2019 02:51:47 GMT

@rhapsody1 wrote:
How did this work out for you ( directed at original poster )

I'm going to assume he/she got it since it is displayed in their signature.

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

rhapsody1 — Wed, 09 Oct 2019 03:00:46 GMT

I saw that too but was curious if it was straight forward after he/ she submitted the income information

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

Anonymous — Wed, 09 Oct 2019 14:18:14 GMT

I faxed them the two stubs since I did not want to waste a HP. They updated application to 'being reviewed' when I called back the auto line that afternoon and I was approved by the next evening. I was expecting it since I've never heard of a bank denying you a card if they go to the trouble to request POI (unless you were not truthful in your app). They gave me only a 4k limit, which I find half laughable, half insulting though...

Re: Wells Fargo Propel - First App Pending / Now Income Verification?

FinStar — Wed, 09 Oct 2019 16:19:41 GMT

As both the OP and @Anonymous were approved for the card, this thread is now locked and closed to new messages.

Feel free to start a new approval thread in the Approvals forum if either of you would like to do so.