topic Re: Wf Visa. and WF AMEX Propel 365 in Credit Cards

Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:14:05 GMT

hello. I was approved for 3k Propel Amex by Wf. My question is does anyone can give me a suggestion if I combine my visa limit to Amex propel? Is that a good idea? Or just leave it that way I need an advise. Thanks. Everyone

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:19:41 GMT

are those even able to be combined?

Re: Wf Visa. and WF AMEX Propel 365

9CLINE — Wed, 15 Jul 2015 02:23:41 GMT

Congrats on approval !!!!!!!!!

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:26:46 GMT

yes i talked to credit analyst. They said you can combined the limit to which card you prefer

Re: Wf Visa. and WF AMEX Propel 365

FinStar — Wed, 15 Jul 2015 02:35:02 GMT

It depends. Does your WF Visa carry any rewards? How old is the Visa? How often do you use it? I believe there's a sign up bonus for the Propel 365 IIRC.

You also have to look at it from an acceptance perspective. If you reallocate your Visa CL to Propel and end up with a disproportionate number of AMEX cards (based on your CC line up), would you run into any issues?

Re: Wf Visa. and WF AMEX Propel 365

B335is — Wed, 15 Jul 2015 02:40:13 GMT

Yes you can reallocate limits between the cards. You need to call CS and advise them you want to close one of the cards but move the limit over to the Propel. They managed to do it after I was on hold for 20 minutes, it's not something WF is known for.

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:47:50 GMT

My Visa is 4months old. And I do have cash rewards. What do you mean would I run to any issue?

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:48:54 GMT

So is it good idea to combine it. Since I don't have any 5k limit in 1 card

Re: Wf Visa. and WF AMEX Propel 365

FinStar — Wed, 15 Jul 2015 02:51:36 GMT

@Anonymous wrote:
My Visa is 4months old. And I do have cash rewards. What do you mean would I run to any issue?

If your Visa is fairly new, I wouldn't close it just yet unless you are not using it as you had expected - your call. As far as issues, I meant merchant acceptance, so let's say if you ended up with more AMEX cards than Visa/MC combined and depending on your usage patterns (i.e. payment network diversity).

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:54:06 GMT

Got you. You're right. Probably I will let it aged for a while. Thanks. I'm just worried I haven't got any starting limit of 5k

Re: Wf Visa. and WF AMEX Propel 365

FinStar — Wed, 15 Jul 2015 02:58:32 GMT

@Anonymous wrote:
Got you. You're right. Probably I will let it aged for a while. Thanks. I'm just worried I haven't got any starting limit of 5k

Growing your tradelines does not happen overnight. You need to build some history and let things age to provide lenders something to review and consider for future growth/CLIs. I wouldn't be worried. You'll get there!

Re: Wf Visa. and WF AMEX Propel 365

Anonymous — Wed, 15 Jul 2015 02:58:51 GMT

FYI. I applied my Amex propel at the branch. They said it is easier to apply at the branch rather than online. Which is true I guess because the branch manager put like recommendations from my account

Re: Wf Visa. and WF AMEX Propel 365

DeeBee78 — Wed, 15 Jul 2015 03:24:04 GMT

@Anonymous wrote:
hello. I was approved for 3k Propel Amex by Wf. My question is does anyone can give me a suggestion if I combine my visa limit to Amex propel? Is that a good idea? Or just leave it that way I need an advise. Thanks. Everyone

Short term, the Propel is a better card. Long term, they both are crappy. If you're set on Wells Fargo, the regular cash rewards card is a better bet - no AF.