@Meanmchine wrote:Currently I have a checking and savings with Wells Fargo
Also Im 1/12 5/24 with 1 EX inq
Checked my free Fico score
My very first 850 score ( not counting Fico 900 models )
I then checked my preapprovals and got this
I guess theres no Autograph card for me in the foreseeable future
If I waited for a preapproval before applying I wouldn't have many cards.
@SouthJamaica wrote:
@Meanmchine wrote:Currently I have a checking and savings with Wells Fargo
Also Im 1/12 5/24 with 1 EX inq
Checked my free Fico score
My very first 850 score ( not counting Fico 900 models )
I then checked my preapprovals and got this
I guess theres no Autograph card for me in the foreseeable future
If I waited for a preapproval before applying I wouldn't have many cards.
Citibank wont preapprove me either but I believe that is for other reasons
Their Custom Cash card is on my very short list for my next app
@Meanmchine wrote:
@SouthJamaica wrote:If I waited for a preapproval before applying I wouldn't have many cards.
Citibank wont preapprove me either but I believe that is for other reasons
Their Custom Cash card is on my very short list for my next app
We are hyping you out for an app spree! But don't lol
I never got any Chase prequal or mailer till last year that I cold apped Amazon. Now getting plenty of mailers from Chase.
With WF I got declined for Propel when it came out for having too many inqs. Now getting mailers from them all the time.
I believe you have to get on their radar somehow before getting approvals.
As others have mentioned, it seems the Wells Fargo algorithm prefers potential consistent use/spend every month over someone that just collects cards for subs and pif on single small purchases periodically.
I've started to notice more institutions that want to be a daily driver in someone's card deck rather than just another card.
The more cards one has with little to no spend/use, the more they may want to avoid being in that wallet, regardless of scoring. imo
@Meanmchine wrote:
@CYBERSAM wrote:
@Meanmchine wrote:
@SouthJamaica wrote:If I waited for a preapproval before applying I wouldn't have many cards.
Citibank wont preapprove me either but I believe that is for other reasons
Their Custom Cash card is on my very short list for my next app
We are hyping you out for an app spree! But don't lol
I never got any Chase prequal or mailer till last year that I cold apped Amazon. Now getting plenty of mailers from Chase.
With WF I got declined for Propel when it came out for having too many inqs. Now getting mailers from them all the time.
I believe you have to get on their radar somehow before getting approvals.
They can clearly see that I have an 850 score because it is their monthly credit monitoring that shows it. Ive been a WF banking customer for close to 20 years ( on and off ) Im guessing with me, I have too much credit and not enuf income
What you don't understand is your aren't their target audience due to 850 score that means you likely aren't carrying a balance. I just got declined for science again with WF with a 810 pulled TU score have been declined with higher scores and lower scores, but one thing is certain I don't carry balances on many CC's usually 1 or 2 at once and below 1% utilization. Likely if you applied you would be decided in my humble opinion. They see you likely like they saw myself as one they can't make money off of. My most recent denial went all the way to executive level and still stood by it talk to a lady their for awhile on and off on most recent application. Just told her was going to collect the $325 checking bonus for my trouble and denial recently on WF card and the cost of my inquiry
. I said you have the right to not do lending with me, but I have the choice not to have money with you all and will be collecting bonus and closing account and thanked her for the $325 bonus and will be coming around in a year again for it. Am I bitter? Not really I kinda understand, but don't like how they choose to do business, but at same time understand it. If you look at signature I am with every big bank except them which I cannot crack. If i would of got them when had say 3-5 cards I can pretty much guarantee would have several of their cards now.. You can roll the dice and see if you get approved. Pre-Qual/Approvals usually mean nothing with Citi, BofA, etc. Your credit profile speaks for itself