topic Re: WF denied CLI in Credit Cards

WF denied CLI

Seat2a — Sun, 07 Jul 2024 11:35:27 GMT

After raising my NFCU Flagship from 20K to 28K and scoring a NFCU More Rewards 25K CL and after waiting for 6 full statements to be completed on my WF Autograph, I went into a WF branch and had them do a CLI as I have a paltry 1K CL. The response from the rep's call was "you'll get a letter in the mail", however, the rep said she wouldn't worry because "I'm sure you'll get what you asked for or thereabouts which was 10K CLI. Yesterday the letter came with an "Insufficient experience with present account" excuse. I've funneled thousands of dollars through my WF four year old checking account. So much for relationship banking. I'm thinking of closing my checking account and moving to BofA.

FICO 8 760+, no BK, no baddies, AoA 1.8 years, Auto loan about 50% paid off, never late on anything.

Any suggestions would be appreciated and thank you in advance.

Re: WF denied CLI

unsungivy — Sun, 07 Jul 2024 11:49:48 GMT

Through your checking account... but not through your 1k Autograph? They won't see a need to give you a higher limit unless you're using the limit you have, heavily and frequently. That's pretty common.

Re: WF denied CLI

Seat2a — Sun, 07 Jul 2024 12:16:06 GMT

@unsungivy Thank you for your reply. Yes, not through my 1K Autograph card. The first four statements I PIF then decided to throw them a few dollars in interest at aroung 10% utilization (overall Util around 3%) thinking it might be important to make a few bucks off me. As the bank rep said, and I agree, what am I suppose to do with 1K CL. I would never waste a HP for just 1K and now no increase. Always paid on time.

Re: WF denied CLI

4sallypat — Sun, 07 Jul 2024 13:40:48 GMT

Wow, and here I was thinking of apping for the Attune card as I have a checking account and the Reflect card for over 2 years.

Makes me want to not app.

Re: WF denied CLI

AverageJoesCredit — Sun, 07 Jul 2024 14:04:20 GMT

@Seat2a wrote:
After raising my NFCU Flagship from 20K to 28K and scoring a NFCU More Rewards 25K CL and after waiting for 6 full statements to be completed on my WF Autograph, I went into a WF branch and had them do a CLI as I have a paltry 1K CL. The response from the rep's call was "you'll get a letter in the mail", however, the rep said she wouldn't worry because "I'm sure you'll get what you asked for or thereabouts which was 10K CLI. Yesterday the letter came with an "Insufficient experience with present account" excuse. I've funneled thousands of dollars through my WF four year old checking account. So much for relationship banking. I'm thinking of closing my checking account and moving to BofA.
FICO 8 760+, no BK, no baddies, AoA 1.8 years, Auto loan about 50% paid off, never late on anything.
Any suggestions would be appreciated and thank you in advance.

I see your AoA is only 1.8 years. That might be a factor as well. What other cards do you have and limits? I've had 2 WF cc accounts for a couple years whereas some are able to get sp cli but I never can so I don't even try. In my case it's low income and debt but their cards are used and always PIF. Paying them interest isn't going to work because they either like your profile or they don't lol.

Re: WF denied CLI

AverageJoesCredit — Sun, 07 Jul 2024 14:07:21 GMT

@4sallypat wrote:
Wow, and here I was thinking of apping for the Attune card as I have a checking account and the Reflect card for over 2 years.

Makes me want to not app.

Just know your profile. If you have good income, low inquiries, low debt, these are factors I believe can help someone in their decision. Often times when a person gets a $1k limit on any card from a lender there usually is a reason for it.

Re: WF denied CLI

NoMoreE46 — Sun, 07 Jul 2024 17:27:13 GMT

Profile aside, you are asking for a ten-fold (10x) CLI.

Even if your profile supported the request, it would be a rare case of any issuer, let alone WF granting this.

Wait another 90 days, and request a ~ $2,000 or so increase.

@Seat2a wrote:
After raising my NFCU Flagship from 20K to 28K and scoring a NFCU More Rewards 25K CL and after waiting for 6 full statements to be completed on my WF Autograph, I went into a WF branch and had them do a CLI as I have a paltry 1K CL. The response from the rep's call was "you'll get a letter in the mail", however, the rep said she wouldn't worry because "I'm sure you'll get what you asked for or thereabouts which was 10K CLI. Yesterday the letter came with an "Insufficient experience with present account" excuse. I've funneled thousands of dollars through my WF four year old checking account. So much for relationship banking. I'm thinking of closing my checking account and moving to BofA.
FICO 8 760+, no BK, no baddies, AoA 1.8 years, Auto loan about 50% paid off, never late on anything.
Any suggestions would be appreciated and thank you in advance.

Re: WF denied CLI

Gregory1776 — Sun, 07 Jul 2024 19:57:19 GMT

I opened a active cash 16 months ago, mostly ran up the balance to the SL, 20K that's a lot - always paid on time but usually the minimum. They gave me an auto increase of 3K several months ago which I almost used all of as well, payments and history being the reason. The balance (9K left) is now getting paychecks thrown at it which will mean me paying it off in month or so.

they declined my request to 30K because lack of payments, balance vs payments, etc with the Wells Fargo account.
Didn't mention any of my other accounts reported.
I'll try again in January.
I suggest you keep using the card and making payments.

I opened a checking with them hopefully i will like it, hopefully they'll like my deposits enough to grant me my CLI - I'll close the checking next year if they don't or I don't like the bank.

Re: WF denied CLI

Seat2a — Sun, 07 Jul 2024 20:49:01 GMT

@AverageJoesCredit IMO I think I'm one of those that WF just doesn't like. Iasked for a 5K increase initially on the phone call in the branch but was prompted by the rep to go higher to 10K. I thought she might know better than I did, so I took her suggestion. I'm just going to close my checking account and they can go pound sand. If one day they deem I am worthy then I'll have a different attitude. Thanks for your help!

Re: WF denied CLI

Seat2a — Sun, 07 Jul 2024 20:59:56 GMT

@NoMoreE46 Thanks for your help! As I replied to @AverageJoesCredit , I understand what you're saying but I did this at the suggestion of rep inside the branch. There's a sucker born every day...lol

Re: WF denied CLI

NoMoreE46 — Mon, 08 Jul 2024 02:07:20 GMT

@Seat2a wrote:
@NoMoreE46 Thanks for your help! As I replied to @AverageJoesCredit , I understand what you're saying but I did this at the suggestion of rep inside the branch. There's a sucker born every day...lol

Well the request should have been a SP hopefully. Looking forward to a CLI announcement from you next time.

Re: WF denied CLI

unsungivy — Tue, 09 Jul 2024 12:32:03 GMT

@Seat2a wrote:
@unsungivy Thank you for your reply. Yes, not through my 1K Autograph card. The first four statements I PIF then decided to throw them a few dollars in interest at aroung 10% utilization (overall Util around 3%) thinking it might be important to make a few bucks off me. As the bank rep said, and I agree, what am I suppose to do with 1K CL. I would never waste a HP for just 1K and now no increase. Always paid on time.

So you didn't heavily focus on card usage, and then you didn't PIF on purpose? 😳

I'm so confused by your strategies here and thinking that these make you a better prospect for a CLI in the eyes of WF.

Re: WF denied CLI

Seat2a — Sat, 13 Jul 2024 17:03:04 GMT

@unsungivy I'm not sure I know either. I don't understand the WF "ideal" profile. At this point maybe I dont care what it is.

I do appreciate your comments however. Thank you!

Re: WF denied CLI

FicoMike0 — Sat, 13 Jul 2024 19:57:26 GMT

I got the active cash after opening a checking, $325 bribe. They also paid the $200 cc bribe promptly. I got $8500 cl. I waited until 6 months passed, got a $9000 to $27000 cli from anex, waited for amex to post and then waited for wells credit close-up sp to update. Then I asked for a cli to $20000. They went for $10700, exactly a 25% increase. Not sure if all the gaming with amex cli helped at all, probably not. I don't think asking for 100% increase made any difference either.

Re: WF denied CLI

Seat2a — Sun, 14 Jul 2024 03:35:59 GMT

@FicoMike0 wrote:
I got the active cash after opening a checking, $325 bribe. They also paid the $200 cc bribe promptly. I got $8500 cl. I waited until 6 months passed, got a $9000 to $27000 cli from anex, waited for amex to post and then waited for wells credit close-up sp to update. Then I asked for a cli to $20000. They went for $10700, exactly a 25% increase. Not sure if all the gaming with amex cli helped at all, probably not. I don't think asking for 100% increase made any difference either.

@FicoMike0 I see WF shares were down more than 6%. They won't be getting a dime from me as I shut down my direct deposit and checking account as I have no faith in them whatsoever. IMO, they are still up to their old tricks. Maybe trying to gather more money for the lawsuit they lost. There's better fish in the sea! Thanks for your story. Congrats on the cli!

Re: WF denied CLI

IsambardPrince — Sun, 14 Jul 2024 05:44:53 GMT

$1,000 SL is pretty low. I was disappointed that they only gave me $4,000 last year before I converted to Autograph.

I called in and asked what they could do for me. They said maybe up to $8,000 with a hard pull (really!?) or $5,000 SL ($1,000 increase) with soft, so I took the soft pull increase.

Hard pulls are something I reserve for cards I don't already have.

Didn't make sense to have the same card my spouse did when my spouse already has $10,000 SL on the Active Cash and I'm an AU, so I have the Autograph now.

Re: WF denied CLI

IsambardPrince — Sun, 14 Jul 2024 05:48:50 GMT

@Gregory1776 wrote:
I opened a active cash 16 months ago, mostly ran up the balance to the SL, 20K that's a lot - always paid on time but usually the minimum. They gave me an auto increase of 3K several months ago which I almost used all of as well, payments and history being the reason. The balance (9K left) is now getting paychecks thrown at it which will mean me paying it off in month or so.

they declined my request to 30K because lack of payments, balance vs payments, etc with the Wells Fargo account.
Didn't mention any of my other accounts reported.
I'll try again in January.
I suggest you keep using the card and making payments.

I opened a checking with them hopefully i will like it, hopefully they'll like my deposits enough to grant me my CLI - I'll close the checking next year if they don't or I don't like the bank.

I never have a balance, or at least much of one, on my cards. I pay them all off at the end of the month. Even the ones in an intro period.

The whole point of intro APR (other than a balance transfer offer, which WF Reflect has the best one out there at 0% for 21 months), is to bait the hook.