topic Re: Wells Fargo pre-qualified mailings in Credit Cards

Wells Fargo pre-qualified mailings

Winesnoblv — Mon, 26 Nov 2018 22:50:19 GMT

Received a pre-qualified mailing from Wells Fargo for their Cash Wise Visa Platinum card. Not sure how reliable these are. On the same day, received a pre-qualified mailing for a business line of credit with Wells Fargo. I have not banking relationship nor have I ever had any other financial instrument with Wells Fargo. I have been offered pre-qualifed business lines with both banks I work with, which I do not need. But I am interested in the credit card. Anyone reply to this offer? If so what was the result?

Re: Wells Fargo pre-qualified mailings

RonM21 — Mon, 26 Nov 2018 23:29:14 GMT

I have received similar offers from them as well, but I don't have any accounts or business with them either.

Re: Wells Fargo pre-qualified mailings

tcbofade — Tue, 27 Nov 2018 02:05:01 GMT

DW got that offer earlier this month... approved for $2k.

She DOES have a relationship with WF, but it's new... earlier in 2018.

No lates, no baddies, no derogatories of any kind... utilization around 42%.

Re: Wells Fargo pre-qualified mailings

Anonymous — Tue, 27 Nov 2018 02:51:54 GMT

I dont't know, I rather use a hard pull with a different bank than WF as their CCs are not that good from my perspective. The new Propel card maybe but I don't know, that's just me.

Re: Wells Fargo pre-qualified mailings

staticvoidmain — Tue, 27 Nov 2018 08:32:29 GMT

I've been prequalified for cash wise, and a couple of months later, the Propel. If they sent me a Propel prequal first, I would have grabbed it (I have since changed my strategy). Personally, I'd wait for the Propel. I have no banking relationship with them as well. Odds are, they would do a hard inquiry when you apply, and the prequal is in no way a guarantee of approval.

Re: Wells Fargo pre-qualified mailings

UncleB — Tue, 27 Nov 2018 19:32:24 GMT

@Winesnoblv wrote:
Received a pre-qualified mailing from Wells Fargo for their Cash Wise Visa Platinum card. Not sure how reliable these are. On the same day, received a pre-qualified mailing for a business line of credit with Wells Fargo. I have not banking relationship nor have I ever had any other financial instrument with Wells Fargo. I have been offered pre-qualifed business lines with both banks I work with, which I do not need. But I am interested in the credit card. Anyone reply to this offer? If so what was the result?

I used to get Cash Wise offers in the mail often, then I started getting pop-ups while logging into my WF account.

When I got an offer for a Propel I pulled the trigger, and was approved for the APR shown in the offer. There was a HP, of course.

Re: Wells Fargo pre-qualified mailings

Winesnoblv — Tue, 27 Nov 2018 20:58:01 GMT

Thank you for the replies. I will probably pass on the Wells Fargo mailing offers. I don't see much use in the card versus what I already have.

Also, I don't want additional HP since I want to apply for the Citi Prestige early next year.

Re: Wells Fargo pre-qualified mailings

Anonymous — Wed, 20 Feb 2019 02:56:01 GMT

@tcbofade wrote:
DW got that offer earlier this month... approved for $2k.

She DOES have a relationship with WF, but it's new... earlier in 2018.

No lates, no baddies, no derogatories of any kind... utilization around 42%.

I'm thinking about possibly pulling the trigger on a Platinum prequal I received in the mail from WF (and I do have a checking account with them). Would you mind sharing who the HP was with? Thanks!!

Re: Wells Fargo pre-qualified mailings

Anonymous — Wed, 20 Feb 2019 16:34:50 GMT

Wells pulls EX.

Re: Wells Fargo pre-qualified mailings

FinStar — Wed, 20 Feb 2019 22:55:21 GMT

@Anonymous wrote:
Wells pulls EX.

They've also been known to pull EQ or TU, as has been shared in mutilple DPs.

Re: Wells Fargo pre-qualified mailings

CreditCuriosity — Thu, 21 Feb 2019 01:14:12 GMT

Here in TN they certainly pull EQ and as @FinStar stated they pull TU as well.. Usually it is where you are geo located and the deals they have set up with various CRA's based on where you live