topic Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores in Credit Card Applications

Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

Yasselife — Fri, 08 Aug 2025 13:04:19 GMT

I’m sitting at 750 FICO 8 scores across the board, with a clean report, zero derogatory marks, 100% payment history, low utilization, and no late payments. My total accounts are in the high 30s, with an average credit age of about four years. My last credit card application was six months ago for a new Chase account.

Currently, I have 2 inquiries on Experian, 1 on TransUnion, and 0 on Equifax. In terms of recent account openings, I’m at 1/6, 1/12, and 2/24.

I’m looking at either Wells Fargo or US Bank for my next card. For those who’ve applied recently with a similar profile, how strict are these issuers at this score level? Do they put more weight on the number of total accounts or on recent inquiries? If you’ve dealt with both, which one offered an easier approval process and better starting limits?

Any recent data points, tips, or approval stories would be appreciated.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

NoHardLimits — Fri, 08 Aug 2025 20:42:48 GMT

There is anecdotal evidence that both US Bank and Wells Fargo aren't fond of too many new accounts. On these forums, you often hear mentions of 1/6 being too many new accounts. Do you have any existing banking relationship with either bank? Both banks have been known to relax the approval criteria for known customers.

My signature is up to date, so you can gauge how closely your profile compares to mine. For my own personal experience, I have been approved for 3 US Bank cards and 1 Wells Fargo card within the past 3 years. Each time, I waited until I was at 0/6 and no more than 1/12 new accounts. I had no previous relationship with either bank except for a long closed mortgage with WF. My first US Bank approval was given a starting limit of less than half of my usual SLs with other financial institutions. The 2nd and 3rd cards doubled the starting limit compared to the 1st card. The Wells Fargo SL was equal to the 2nd and 3rd US Bank cards, so the two banks seem to view my profile similarly.

Edit to add: While I've been pleased with my Wells Fargo card, I'm planning to close my remaining US Bank cards due to all the recent rewards devaluations.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

crystal626 — Sat, 09 Aug 2025 05:21:18 GMT

If you're at 1/12, you're probably 50/50 with US Bank on that alone. They are really sensitive to credit seeking, especially if it's your first card with them.

Wells Fargo doesn't seem to mind new accounts but they are one of those pesky relationship banks that tends to decline applications if you don't have an existing deposit relationship with them. They declined me twice. I got approved on the third try.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

youngandcreditwrthy — Sat, 09 Aug 2025 19:20:43 GMT

I just got the OneKey card issued by Wells with 730s FICO 9 I think they pulled and I had 1/6 inquiries and 7 /24 new accounts.

THey pulled Experian. Heard the other cards were harder to get though.

In an inflationary environment, I think we have to realize that more people have higher credit scores and more debt. Therefore, a higher credit score isn't a guarantee of approval.

however, if you've low inquiries and low new accounts inthe last 6 mos to 12 mos, you should be golden.

I would go for it. But I think one last bit of info you need to focus on heavily is your income and your DTI.

if you DTI is over 50%, if at 750 you'll get denied. and many banks are making people prove income these days. I've had to prove income with Capital One as well as SyncB and I think there was one other.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

Yasselife — Sat, 09 Aug 2025 21:41:17 GMT

Thanks you @NoHardLimits . I actually did have a prior relationship with US Bank through a Harley-Davidson Visa card, but I ended up closing it after a few years because the limit stayed at $500 the entire time and they never offered an increase. That experience left me a bit hesitant, as I prefer issuers that are more proactive about growing limits with responsible use. Other than that, I don’t have any current banking relationship with either US Bank or Wells Fargo, so I’d be going in as a new customer for both. Your point about them being stricter with new accounts is definitely something I’ll keep in mind when timing my next application.

i am currently @ 1/6 1/12 2/24 on new accounts

thank you again

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

Yasselife — Sat, 09 Aug 2025 21:45:38 GMT

Thanks for sharing your experience @crystal626 . I actually received a promotional mailer from Wells Fargo saying I was pre-selected, so I’m wondering if that could be a good sign for approval. I don’t currently have a deposit relationship with them, so it’s interesting to hear how that factor played into your approvals.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

Yasselife — Sat, 09 Aug 2025 21:52:39 GMT

Thanks for sharing the details @youngandcreditwrthy . My credit scores are solid, but my current debt to income ratio isn’t great; about $35k in debt on $50k income. I realize that could work against me with some issuers. I’m focused on paying the balance down to improve my DTI before applying again; or should I go for WF now?

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

Yasselife — Sun, 10 Aug 2025 19:31:28 GMT

@youngandcreditwrthy

Thanks for the insight the other day. I ended up going for it and was approved for the WF Reflect with a $5,000 limit and $3,000 instant credit available. They pulled Experian, and the offer came with a 0.0% introductory APR for 21 months from account opening, then 28.99% variable. My plan is to use it for about a year and then request a product change to the Active Cash. 🫡

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

NoHardLimits — Sun, 10 Aug 2025 21:12:10 GMT

@Yasselife wrote:
@youngandcreditwrthy
Thanks for the insight the other day. I ended up going for it and was approved for the WF Reflect with a $5,000 limit and $3,000 instant credit available. They pulled Experian, and the offer came with a 0.0% introductory APR for 21 months from account opening, then 28.99% variable. My plan is to use it for about a year and then request a product change to the Active Cash. 🫡

Congrats on your Wells Fargo approval. That's a decent starting limit for the Reflect card, and you have a reasonable plan in place to eventually product change it to an Active Cash.

Re: Approval Odds for Wells Fargo and US Bank with 750 FICO 8 Scores

NoMoreE46 — Sun, 10 Aug 2025 21:26:18 GMT