topic Re: You are Re: Does WF bucket, and if so, am I experiencing this? in Credit Cards

Does WF bucket, and if so, am I experiencing this?

Anonymous — Sat, 31 Oct 2020 18:57:02 GMT

Current Profile

I do have a relationship with WF, Wells Fargo Preferred Wealth Mgmt since 1988.

Mortgage:

15 yr fixed, Jan 2020 (*joint*) original balance 431,250. Current balance 397,625. (Bank of America)

Revolving National Bankcard:

BoA Premium Rewards: 0/14,500 opened Mar 2013

Amex Hilton Surpass: 0/17,500 opened Jan 2016

Baxter CU: 0/9,500 opened Aug 2016

BoA Cash Rewards VS: 0/8,000 opened Oct 2016

Chase Sapphire: 0/21,000 opened Nov 2017

CapOne Savor WEMC: 0/5,000 opened Jan 2018

Barclay Arrival: 0/8,000 opened Feb 2018

Citi Premier WEMC: 0/16,500 opened Nov 2018

Chase Freedom: 0/20,100 opened Nov 2018

BMW Precision WEMC: 0/6250 opened Dec 2018

PCR Cash Rewards VS: 0/10,000 opened Jan 2019

PCR Platinum Rewards VS: 42/12,000 opened Feb 2019

Citi AA Plat WEMC: 0/8,000 opened Feb 2019

Discover It Cashback: 0/17,500 opened May 2019

US Bank Cash365 Amex (**joint**): 0/15,500 opened May 2019

Abound CU Visa Platinum: 0/2,500 opened Jun 2019

Best Buy Visa (**authorized**): 0/19,200 opened Sept 2019

WF Propel Amex: 0/2,000 opened Oct 2019

Marriott Bonvoy Brilliant 0/8,000 opened Jan 2020

US Bank FlexPerks VS (**joint**): 0/15,000 Feb 2020

Macy's American Express (**joint**): 0/25,000 Feb 2020

Retail Charge Card

Macy's Retail: 0/21,000 (**joint**) opened Jul 2014

Line of Credit:

Penfed Overdraft LOC 0/500 opened Jan 2019

Baxter CU PLOC: 0/25,500 opened Jan 2020

No inquiries in last six months:

EX: scoreable inquiries 4, 24 total

EQ: scoreable inquiries: 4, 14 total

TU: scoreable 4, 12 total

Re: Does WF bucket, and if so, am I experiencing this?

Remedios — Sat, 31 Oct 2020 18:58:41 GMT

@Anonymous link from your post has been removed because it contains personal information.

Feel free to re-post it without identifiable info present.

Re: Does WF bucket, and if so, am I experiencing this?

AverageJoesCredit — Sat, 31 Oct 2020 19:33:58 GMT

The Propel isnt what we call a card that gets bucketed but its limit is often in line what Wells is comfortable giving to ones profile. They are conservative and usually one who has money with them can see better cl. Your profile looks top notch. You can try the sp method to get cli and if they need to pull to check for a cli you can do so. If you arent really using the card that may affect yoyr cli chances though.

You are Re: Does WF bucket, and if so, am I experiencing this?

ocheosa — Sat, 31 Oct 2020 20:43:31 GMT

Understand the pain OP! My first mortgage was with WF but that was paid off in 2007; with their reputation I really wasn't looking for further business. When I read they offered great insurance on cell phones I took the leap. Best advice I can offer is use it for a small monthly charge. I no longer have many expenses so I break up what I can to help with activity. I split my cell phone bill by charging half to WF Propel and half to blooms amex/macys amex on alternating months. Rinse, repeat.

SP CLI's have been approved at 7 month mark. (Tried 6 months, no go.)

Opened Aug 2019 $3,000 SL

Mar 2020 SP CLI +800

Oct 2020 SP CLI +1,000

With time hopefully the CLI amounts will grow and if not it doesn't really matter, the current limit is more than enough for a $25-50 monthly charge. If the phone insurance perk is nerfed, will more than likely close card.

GL!

Re: You are Re: Does WF bucket, and if so, am I experiencing this?

Anonymous — Sun, 01 Nov 2020 01:44:50 GMT

I use it for Netflix, no big deal. PIF before statement cuts and AZEO bc of how jumpy lenders are right now. I haven't closed the card. don't want any profile changes except regular pay down of mtg and very limited SP CLI's.

had two Citi SP CLI during July and one Amex SP CLI, other than Macy's Amex. Was honestly surprised no Citi SP CLI denial for too many newly accounts.

Maybe it will grow but I have gotten no SP luv at all. I was giving it $750 usage a month through the one year mark and they want a HP for any CLI. Don't let any balances report.

Re: You are Re: Does WF bucket, and if so, am I experiencing this?

ocheosa — Sun, 01 Nov 2020 20:53:28 GMT

@Anonymous wrote:
I use it for Netflix, no big deal. PIF before statement cuts and AZEO bc of how jumpy lenders are right now. I haven't closed the card. don't want any profile changes except regular pay down of mtg and very limited SP CLI's.

had two Citi SP CLI during July and one Amex SP CLI, other than Macy's Amex. Was honestly surprised no Citi SP CLI denial for too many newly accounts.

Maybe it will grow but I have gotten no SP luv at all. I was giving it $750 usage a month through the one year mark and they want a HP for any CLI. Don't let any balances report.

That's a good amount of spend. What a PITA! I will always find it so strange how certain banks work for some, not so much for others with similar profiles. It's really up to the consumer to identify your best financial partner(s) and settle in for the long haul. Hopefully, in the future they warm up to your profile OP. If not, the curb is a stone's throw away!

scores

Anonymous — Sun, 01 Nov 2020 22:24:28 GMT

@ocheosa wrote:
@Anonymous wrote:
I use it for Netflix, no big deal. PIF before statement cuts and AZEO bc of how jumpy lenders are right now. I haven't closed the card. don't want any profile changes except regular pay down of mtg and very limited SP CLI's.

had two Citi SP CLI during July and one Amex SP CLI, other than Macy's Amex. Was honestly surprised no Citi SP CLI denial for too many newly accounts.

Maybe it will grow but I have gotten no SP luv at all. I was giving it $750 usage a month through the one year mark and they want a HP for any CLI. Don't let any balances report.
That's a good amount of spend. What a PITA! I will always find it so strange how certain banks work for some, not so much for others with similar profiles. It's really up to the consumer to identify your best financial partner(s) and settle in for the long haul. Hopefully, in the future they warm up to your profile OP. If not, the curb is a stone's throw away!

Re: scores

FinStar — Sun, 01 Nov 2020 22:30:22 GMT

Hi @Anonymous, welcome to the forums.

I have removed the links from your previous post as they contained some personal information. You can re-edit your post by inputting your scores (if you wish) since you won't be able to upload images until you rank up. If you wish to use any URLs or links to any stored images, please be sure that any personal information is masked or blanked out. Thank you.

Re: scores

Anonymous — Mon, 02 Nov 2020 18:04:01 GMT

Thanks, this was the info I was looking for. Need to level up.