topic Re: WF Propel SP CLI @ 6 months denial in Credit Card Applications

WF Propel SP CLI @ 6 months denial

Semi_Lost_Hiker — Thu, 28 May 2020 16:26:18 GMT

Tried my luck with a CLI for my WF Propel after hitting the 6 month mark of opening the account. The customer service rep was very nice and asked all the standard questions, income, housing expense, etc. They also explained the procedure, I give an amount, if it is too high the computer will counter offer. I figured it was an auto denial over the phone since I got the 7-10 days message. I got the letter in the mail and the only reason given was "insufficient experience with present account". Since I'm in the garden anyway for 2020, I'll try again after I hit the 1 year mark. It's a soft pull so no harm done.

Datapoints:

FICO 9 (EX): 780

AAoA: 4 years

AoOA: 8 years

AoYA: 6 months

Inqs: 5

Re: WF Propel SP CLI @ 6 months denial

AverageJoesCredit — Thu, 28 May 2020 20:22:36 GMT

Usually for Wells, 6 months just isnt enough time to see if you are profitable

Re: WF Propel SP CLI @ 6 months denial

Semi_Lost_Hiker — Thu, 28 May 2020 20:49:33 GMT

@AverageJoesCredit wrote:
Usually for Wells, 6 months just isnt enough time to see if you are profitable

Other posts seemed to indicate that as well but I figured why not be a guinea pig myself?

Re: WF Propel SP CLI @ 6 months denial

M_Smart007 — Thu, 28 May 2020 23:02:06 GMT

@AverageJoesCredit wrote:
Usually for Wells, 6 months just isnt enough time to see if you are profitable

Guessing that my 2 SD WF cards are not

Re: WF Propel SP CLI @ 6 months denial

Meanmchine — Fri, 29 May 2020 00:08:12 GMT

Sorry for your denial

Good luck with your gardening

Re: WF Propel SP CLI @ 6 months denial

flyingmd — Sat, 30 May 2020 03:37:54 GMT

WF First CLI is minimum 7 months. I had done the same thing at 6mos. Rep I spoke with said that they normally dont consider until after the 7 month. I would wait another month amd try again ( sure enough, thats when I got my first CLI on my Propel) Good luck

Re: WF Propel SP CLI @ 6 months denial

Wavester64 — Sat, 30 May 2020 12:11:43 GMT

@Semi_Lost_Hiker wrote:
Tried my luck with a CLI for my WF Propel after hitting the 6 month mark of opening the account. The customer service rep was very nice and asked all the standard questions, income, housing expense, etc. They also explained the procedure, I give an amount, if it is too high the computer will counter offer. I figured it was an auto denial over the phone since I got the 7-10 days message. I got the letter in the mail and the only reason given was "insufficient experience with present account". Since I'm in the garden anyway for 2020, I'll try again after I hit the 1 year mark. It's a soft pull so no harm done.

Datapoints:
FICO 9 (EX): 780
AAoA: 4 years
AoOA: 8 years
AoYA: 6 months
Inqs: 5

I got the same response though a few differences:

I tried after 3-months (instead of 6) because a large purchase was looming and I wanted to take advantage of the 0% APR I was currently in.
After the CSR said they needed to move this to another person (UW?) to check would I be OK with that. I asked would that be a HP and she said yes and since it was not approved with the SP, I opted not to go that route. Don't need wasting any HPs right now.

Re: WF Propel SP CLI @ 6 months denial

Wavester64 — Sat, 30 May 2020 12:10:30 GMT

@Semi_Lost_Hiker wrote:
@AverageJoesCredit wrote:
Usually for Wells, 6 months just isnt enough time to see if you are profitable
Other posts seemed to indicate that as well but I figured why not be a guinea pig myself?

I like your style