topic Re: Why only few people like Wells Fargo cards here? in Credit Cards

Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 21:02:29 GMT

I was considering to apply for the Wells Fargo Visa Signature card for its 6-month 5% gas station, grocery and drug store promotion. I just got a checking account with WF. After searching over this forum, I found people repetitively saying "Wells Fargo is weird", "there are not many liking WF in this forum" and such. I couldn't see the clear reason why people don't like WF here. Anyway, I do notice that WF requires applicants to have some relationship with WF before applying for a card with them. Is this the reason?

Just curious...

Re: Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 21:30:59 GMT

Wells Fargo is stingy and customer service is bad. My SO has been with them for 10 years as a credit customer and in that time only gave her a 2.4k CL while with others she's been with for a year have given her 10k limits without batting an eye she has 700+ FICO scores. Just our experience.

Re: Why only few people like Wells Fargo cards here?

redpat — Fri, 03 Mar 2017 21:31:22 GMT

I find their products underwhelming.

Others may think the same.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 21:31:38 GMT

I would go with Discover, Chase or just about any other company first.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 21:39:01 GMT

OP,
Less than a year ago WF was busted for their extremely unethical business practices in branches. Bankers opening fake accounts under real customer names and social security numbers. This was done to help them meet their quotas. The CEO stepped down because of it.

Re: Why only few people like Wells Fargo cards here?

wmweeza — Fri, 03 Mar 2017 21:42:14 GMT

@Anonymous wrote:
OP,
Less than a year ago WF was busted for their extremely unethical business practices in branches. Bankers opening fake accounts under real customer names and social security numbers. This was done to help them meet their quotas. The CEO stepped down because of it.

Yup....I have zero interest in WF because of this

Re: Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 22:11:09 GMT

Underwhelming, they don't grow much, not much benefit to even having really. That card is cool for 6 months and that's it. Waste. Sketchy bank too

Re: Why only few people like Wells Fargo cards here?

DeeBee78 — Fri, 03 Mar 2017 22:15:07 GMT

@Anonymous wrote:
I was considering to apply for the Wells Fargo Visa Signature card for its 6-month 5% gas station, grocery and drug store promotion. I just got a checking account with WF. After searching over this forum, I found people repetitively saying "Wells Fargo is weird", "there are not many liking WF in this forum" and such. I couldn't see the clear reason why people don't like WF here. Anyway, I do notice that WF requires applicants to have some relationship with WF before applying for a card with them. Is this the reason?

Just curious...

Let's see if I can summarize this in one sentence:

Wells Fargo is tops when it comes to mediocre products with small credit limits, slowth growth potential, and unnecessairly-high approval standards.

After that 5% period, it's a 1% card that is eclipsed by cards that have better credit limits, more growth potential, and lower approval standards. A Capital One Quicksilver or Chase Freedom Unlimited is a better choice than this card.

Re: Why only few people like Wells Fargo cards here?

Sharingan — Fri, 03 Mar 2017 22:33:35 GMT

Aside from the disgraceful scandal, everything about Wells Fargo and their credit products just seems average to me. I have at least one credit card with most of the largest banks except Wells Fargo because they literally have nothing I am interested in, and everything from their culture to their interest rates on loans is a turn off. Quite frankly, they are more than deserving of the disrepute they currently hold.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Fri, 03 Mar 2017 22:34:14 GMT

Ah, so many bad stories... makes me think twice... Thank you guys for your inputs.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 17:31:05 GMT

Wells Fargo was my first bank. I have shut down my checking/savings/credit and will never deal with them again.Their business model is designed to screw the average consumer over any chance they get, and there is proof. Look at the scandle. I get it, they need to make money. But, my experience has been that WF practices are just straight up shady. HORRIBLE BANK.

Re: Why only few people like Wells Fargo cards here?

Creditplz — Sat, 04 Mar 2017 06:51:40 GMT

They gave my DW a $400 HP CLI to $1600! Chase CSP bumped her from 30k to 46k! Even the likes of Citi has her at 15k... soooo stingy is an understatement with WF.

Oh also I applied with a 740 EX and was denied.. which is okay, then I called to recon and I was told "you have to be a WF customer to qualify for a reconsideration for credit, try opening a checking account" I applied online cause I was a precious customer but chose to close it 6 months prior to this.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 06:54:51 GMT

My short and sweet answer: Wells Fargo sucks. Their rewards suck. Their customer service sucks. I would rather get their 1.5% cash back card with Chase.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 07:01:26 GMT

@Anonymous wrote:
I was considering to apply for the Wells Fargo Visa Signature card for its 6-month 5% gas station, grocery and drug store promotion. I just got a checking account with WF. After searching over this forum, I found people repetitively saying "Wells Fargo is weird", "there are not many liking WF in this forum" and such. I couldn't see the clear reason why people don't like WF here. Anyway, I do notice that WF requires applicants to have some relationship with WF before applying for a card with them. Is this the reason?

Just curious...

Wells is extremely well known for being a very "conservative" lender as well as in their day to day checking account and rates. I have several accounts with Wells and the other CU's, and It depends on who your banker is and how well that relationship is I believe that good banking comes from the banker that understand your situation and someone that is willing to go to bat for you when it is needed. I like Wells simply because of my banker! When I wanted more credit, he was able to call and get my SL raised, and for every CLI and every account question, he gets it done. So I would recommend going to shop for a banker till you get one that you like and that is willing to kiss your ass just enough.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 11:40:59 GMT

As with any other card-everyone has their own opinion.

Rewards are not the only thing to consider with a card IMO. If I had a WF checking I would consider them. I don't think tnat they have amazing products or anything but having a card at your primary financial institution is understandable and something I would want.

This is how I got in with USB-Another Bank lots don't like on here, but I love them! The trick with them is they really like relationships. If you have other accounts besides a Cc with them then the CLI and Preapprovals come in quite frequently. Also lots of promos do for current customers.

Does WF do this? Idk. But I say if you have a bank account there and yon have done your research and decided you what their CC-don't worry what others think of their card Products. Use the info on here to make your decision but don't let other opinions do that.

Just my 2 cents. Keep us posted if you apply and GL.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 15:34:12 GMT

I've banked with them for a few years. I guess my experience is different. They've always been polite to me at any branch I've ever been in (and I've been in a lot of them). I started out with them during my rebuild with a 1k secured card. It graduated after about a year and was able to get it raised to 5k and pc this year to the cash wise.

I was approved for the Visa Signature card you are asking about. I actually applied for the regular Rewards card but was upgraded to the Visa Signature when I was approved for 11k. If you apply for the Rewards platinum they automatically consider you for the Visa Signature card first.

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sun, 05 Mar 2017 07:01:13 GMT

I don't care. No wf for me! Even serial killers <mod edit> stop at stop signs. That's how they don't get caught for years. the guy with the most crooked opened accounts probably treated his regular customers just fine.

Minor edit to keep things family-friendly. --UB

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sun, 05 Mar 2017 07:01:56 GMT

Well, that was helpful. Actually-it proves my point. The last 2 statements are complete opposites. Everyone likes, hates or is in the middle on different companies for their own reasons. It's better to make your own judgements than listen to what others opinions are. Make it based on their products and what your needs are. Everyone has different financial needs.
You can always close the accounts if you get it and you find our they are "serial killers"

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sat, 04 Mar 2017 21:18:15 GMT

Because...well...they suck!

Re: Why only few people like Wells Fargo cards here?

Anonymous — Sun, 05 Mar 2017 00:36:27 GMT

I have to give my 2 cents on Wells Fargo. I had multiple accounts with them for over 20 years. My credit dropped due to repossession of a car that I was a co-signer on. Of all the credit cards I have, Wells Fargo was the only one to hit me with AA. They reduced my credit card limit from the measly $1200 to $700. Despite having a checking, savings, line of credit, investment, and mortgage accounts with them. I wrote letters to the appropriate complaint departments and it fell on deaf ears. I proceeded to close all of my account and I could not be more happy. I thought that relationship matters. I had tens of thousands of dollars in my Wells Fargo accounts and this was the thanks that I got from them. YMMV.