topic Wells Fargo Active Cash/Reflect in Credit Card Applications

Wells Fargo Active Cash/Reflect

jonblaze24 — Tue, 18 Jan 2022 23:40:07 GMT

Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.

Re: Wells Fargo Active Cash/Reflect

AverageJoesCredit — Tue, 18 Jan 2022 23:59:07 GMT

@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.

Ive never heard of WF being generous with starting limits. Some people have been getting bigger limits with this new 2% cc but its not normal from all of what ive read here these last 5 years. . Im guessing the stronger your income, the possibilty if a higher sl exists but you won't know until you apply how they view your profile.

Re: Wells Fargo Active Cash/Reflect

jonblaze24 — Wed, 06 Apr 2022 18:41:27 GMT

Could just be particular circumstances. Had 2 buddies get starting limits of $15k+ with very low salary and very limited credit a few years back

@AverageJoesCredit wrote:
@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.
Ive never heard of WF being generous with starting limits. Some people have been getting bigger limits with this new 2% cc but its not normal from all of what ive read here these last 5 years. . Im guessing the stronger your income, the possibilty if a higher sl exists but you won't know until you apply how they view your profile.

....so I guess I always thought WF was generous.

Re: Wells Fargo Active Cash/Reflect

AverageJoesCredit — Wed, 06 Apr 2022 18:42:16 GMT

@jonblaze24 wrote:
Could just be particular circumstances. Had 2 buddies get starting limits of $15k+ with very low salary and very limited credit a few years back

@AverageJoesCredit wrote:
@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.
Ive never heard of WF being generous with starting limits. Some people have been getting bigger limits with this new 2% cc but its not normal from all of what ive read here these last 5 years. . Im guessing the stronger your income, the possibilty if a higher sl exists but you won't know until you apply how they view your profile.

....so I guess I always thought WF was generous.

Thats pretty good. I think maybe could be related to if someone doesnt have alot of credit with other lenders maybe they want to be your main? Imo id app anyway, you might get pleasantly suprised

Re: Wells Fargo Active Cash/Reflect

Phana24 — Wed, 19 Jan 2022 19:52:16 GMT

@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.

I was rejected by WF for the equiv to the Active Cash a while ago when I was at 710 or so, but had zero history with them. I tried again at 750 and they gave me 8K to start. Search the credit card forum, I'm sure there's some more specific data points available. My guess, and I emphasize guess is that you'll have more success with a BT card than a CB. Once I hit 720, I got several offers for BT cards, it wasn't until 740 for a few months that the CB offers came along. Ironically, WF continues to send me offers for the card I have,

Re: Wells Fargo Active Cash/Reflect

4sallypat — Thu, 20 Jan 2022 15:28:32 GMT

@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.

I did the same exact thing - opened up a joint checking account with GF after buying a house so that we will have a joint mortgage account to pay from.

We both apped for 2 WF products after a week:

PLOC: $10K at 10.9% for 60 months

Reflect BT CC: $14K + $8K (separate apps) - my post: https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Wells-Fargo-Reflect-14K-8K-SL-2-new-cards-w-joint-deposit/m-p/6471734

For a major bank, they are rather conservative after an in person visit to one of their bankers.

The web and mobile experience has been less than stellar for a major bank - filed a complaint with their executive office.

OTOH

If I had to re-do the joint account, I would have opted for a local CU which treated me better at the end.

My CU for over 20 years has been more responsive, more generous, lower rates and much better web/mobile interface.

Re: Wells Fargo Active Cash/Reflect

biff-henderson — Sat, 22 Jan 2022 05:20:58 GMT

I think your on the right track to have a relationship beforehand. I was repeatedly turned down for cc by WF in the past. Did an app in Jan 20, was immediatly rejected. FICO was hovering around 670, util @60% (of $5K) on my only card. Couldn't help it, was financing grad classes on it and my paycheck.

Fast forward to summer and WF are sending me an invite for Active Cash every 3 weeks. FICO 705 with a CO (paid off), late payments on SL, and 6 HPs. Income is just at $100K. Pulled the trigger in Dec and was approved for $8K, 15mo 0%, 24% afterwards. Then they immediatly started with the colorful Reflex envelopes, which I'll take a hard pass on. Holding out for the opportunity to app for a travel card when it comes out. HTH.

Re: Wells Fargo Active Cash/Reflect

jonblaze24 — Thu, 20 Jan 2022 16:12:59 GMT

@biff-henderson wrote:
I think your on the right track to have a relationship beforehand. I was repeatedly turned down for cc by WF in the past. Did an app in Jan 20, was immediatly rejected. FICO was hovering around 670, util @Anonymous% (of $5K) on my only card. Couldn't help it, was financing grad classes on it and my paycheck.

Fast forward to summer and WF are sending me an invite for Active Cash every 3 weeks. FICO 705 with a CO (paid off), late payments on SL, and 6 HPs. Income is just at $100K. Pulled the trigger in Dec and was approved for $8K, 15mo 0%, 24% afterwards. Then they immediatly started with the colorful Reflex envelopes, which I'll take a hard pass on. Holding out for the opportunity to app for a travel card when it comes out. HTH.

B.

Appreciate your feedback. I was always under the impression that if you have an existing relationship with the institution it would help your chances, even in the slightest. A few years back I didn't have a single card over a 3K limit and I decided to take a shot at Elan's Peoples Financial MC, score was around 675....boom immediate 9K with 18m 0%. I was shocked, but in my head i assumed it was because I've banked with Peoples forever.

Hopefully I have the same luck this time around. I know people have had their bad experiences with WF but people in my circle who have them love them.

Re: Wells Fargo Active Cash/Reflect

biff-henderson — Thu, 20 Jan 2022 17:09:54 GMT

Oh, don't get me wrong, I've moved almost all of my banking away from them. Only my direct deposit is still with them. I suspect the fact that they can see my income gets factored into the underwrinting (?).

I decided that if things went south the the AC app, I would pull the plug. But apparently whoever is at the helm know seems to be serious abut changing attutudes and attracting customers. WF bought my previous (and 4 previous before them) bank, and decided not to grandfather my account, so the occasional fee charge was irksome to me.

Good luck tho.

Re: Wells Fargo Active Cash/Reflect

LADave — Sat, 22 Jan 2022 23:52:11 GMT

Active Cash is a pretty good card, and my starting CL was $4,500. For context, the highest CL I had received up to that point when I applied in 10/2021 was $2,000. I don't have a record of it, but I believe my FICO 8 scores were hovering at just under 700.

I did have a long-term banking relationship with WF, which I'm sure helped.

I'm not thrilled that the cash back only happens in increments of $25, but it eventually adds up when used enough.

The 15-month 0% APR promotion has also come in very handy for balance transfers and managing payments on a couple of larger-investment purchases. And of course, the $200 bonus was also very much appreciated.

So overall, I'm happy with it.

Re: Wells Fargo Active Cash/Reflect

h2oeng — Fri, 21 Jan 2022 22:36:02 GMT

The Active Cash is next on my list. I'm just waiting until early March to apply. Hoping I'll score the x3 CLI on my AMEX to help push the Active Cash card SL up some. I also have about 10 years with WF on my primary checking which I tend to keep a decent balance in at any give time. Maybe that will get some mileage. Scores are around 710 on all 3 so I'm hoping that will be enough. Only issue is short history and only 3 cards (secured Discover last Aug, Cap1 Quicksilver One last Sept. and an AMEX Blue Cash Everyday last Nov.).

Re: Wells Fargo Active Cash/Reflect

coldfusion — Fri, 21 Jan 2022 22:44:42 GMT

@LADave wrote:

I did have a long-term banking relationship with WF, which I'm sure helped.

It's been an accepted truism that being an established client of theirs does improve odds of approval.

Re: Wells Fargo Active Cash/Reflect

FalconSteve — Sat, 22 Jan 2022 17:24:57 GMT

@jonblaze24 wrote:
Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.

I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.

I never heard of WF being very generous with SL or CLIs, the opposite in fact, they have been very conservative. I hope you have better luck, Citi DC (now that they're dropping the minimum to redeem) and some category cards make more sense to me.

What banks do you use? Do any offer SP CLI? That way you could increase the limits without reducing your score with a hard pull.

Paying (except $1) before your statements would increase your chance of a CLI too (and a higher limit) as it would increase your score.

You can most likely include your fiance's income, which would also increase your limits. Many banks let you update income, which can trigger an auto-CLI, even if they don't offer SP CLI.

Good Luck!

Re: Wells Fargo Active Cash/Reflect

bibek28jan — Fri, 01 Apr 2022 18:50:10 GMT

Anyone who has applied for the card tell me how long did it take for the card be delivered after approval.

Re: Wells Fargo Active Cash/Reflect

LADave — Fri, 01 Apr 2022 19:21:04 GMT

@bibek28jan wrote:
Anyone who has applied for the card tell me how long did it take for the card be delivered after approval.

As I recall, it was more than 1 week, less than 2. I don't remember which state it was sent from (I live in California).

I was able to get the card added to my Apple Wallet through the WF app before it arrived, so I did get some use out of it before it came in the mail.

Re: Wells Fargo Active Cash/Reflect

vic6string — Fri, 01 Apr 2022 19:46:47 GMT

FWIW, I just got approved for over 10k. Ficos in the mid/high 700s and 100k stable income. Surprisingly enough, this despite having a prior foreclosure with WF (no longer showing on reports) so it appears they have no internal blacklists.

Re: Wells Fargo Active Cash/Reflect

bibek28jan — Wed, 06 Apr 2022 18:44:09 GMT

@LADave wrote:
@bibek28jan wrote:
Anyone who has applied for the card tell me how long did it take for the card be delivered after approval.
As I recall, it was more than 1 week, less than 2. I don't remember which state it was sent from (I live in California).

I was able to get the card added to my Apple Wallet through the WF app before it arrived, so I did get some use out of it before it came in the mail.

Hi, Did they approve you instantly? Or went into pending first.

I heard that WF is conservative and it is hard to get a CC with them if you do not bank with them. I read in this forum even people with excellent credit getting rejects.

Re: Wells Fargo Active Cash/Reflect

LADave — Thu, 07 Apr 2022 03:19:44 GMT

@bibek28jan wrote:
@LADave wrote:
@bibek28jan wrote:
Anyone who has applied for the card tell me how long did it take for the card be delivered after approval.
As I recall, it was more than 1 week, less than 2. I don't remember which state it was sent from (I live in California).

I was able to get the card added to my Apple Wallet through the WF app before it arrived, so I did get some use out of it before it came in the mail.
Hi, Did they approve you instantly? Or went into pending first.
I heard that WF is conservative and it is hard to get a CC with them if you do not bank with them. I read in this forum even people with excellent credit getting rejects.

My experience with how much WF puts into account history when approving credit cards has been mixed, and I'm not really sure how much of a difference it has made for me in getting approved and in setting SLs. I've been a banking customer with them since 2005.

I was declined for a (now-discontinued) Platinum Visa card with them in late winter 2021 after they did a manual review to confirm some information (they never did ask me for additional info). Less than 8 months later, I was approved instantly for the Active Cash at a SL of $4500, with a much better credit profile/scores. My previous highest card at that point was for $2,000.

I suspect that my banking history helped me get the higher SL, although I suspect they may probably would have approved me anyway, possibly at a lower SL. Perhaps my only way to find out would be to take someone from WF out to a bar and hope they handle liquor worse than I do. 🥴

I don't have a record of my FICO scores when I applied for the Platinum, but I believe my VantageScore 3.0s were somewhere in the 630s or below. The fact that I applied in the first place with that kind of unhappy credit profile probably tells you everything you need to know about how much I knew about credit card applications back then.

In contrast, my Experian FICO 9 score around the time I was approved was 689. (The HP was for Experian, and it's my understanding that WF uses F9 for credit card approvals.)

Re: Wells Fargo Active Cash/Reflect

bibek28jan — Thu, 28 Apr 2022 16:34:52 GMT

Hi,

Wanted to give my experience about a recent application and this is meant as a data point only for someone looking to apply.

Had Credit score in the 800 mark, comibined household income of 150k with less than 5% utilization.

Have discover, Amex and chase freedom with 30K limits.

Was skeptical at first about the SL as I had read wells fargo was conservative on SL if you do not have a relationship with them. Did not have a relationship with wells fargo, credit card or checking accounts. Had a checking account with them some years back, but closed it within a year of opening.

Decided to apply for it anyway. They only pulled experian and was instantly approved for a 30K SL. Card arrived in about 10 days after approcal. Look like they do try to match the highest limit on other accounts.

Hope this helps someone.

Re: Wells Fargo Active Cash/Reflect

sybo40 — Tue, 10 May 2022 23:27:59 GMT

I applied just now after receving a piece of mail saying "you're invited to apply." They provided a reservation number so I decided to pull the trigger. Received immediate notification from EQ that they were checking. Approved for $2K with 599 score and about 4% overall utilization. Prior to pulling the trigger, I had 8 inquiries on EQ (went on crazy app spree--this is the LAST for me). $176 on Cap One card; all else zero balances reporting; total available credit of approximately $20K. Time to sit down on a stool in the garden and chill. Oh, almost forgot to add that I am AU on 4 amex accounts (total available credit = $30K on those). Two baddies that are about 6 years old.