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Laughable Denial Reason-Wells Fargo

Valued Contributor

Laughable Denial Reason-Wells Fargo

Applied for the Cash Wise Visa for the $200 Spend Bonus. Fico 788-Pulled EX. Denied for one reason only:

No Retail Credit Card Reporting. (We look for how you are using your credit. We look for what types of credit you have)

Well. Sorry I closed my store cards last year. :/

FICO 08: TU= 786 (Dec) EQ= 774 (Dec) EX= 756 (Dec) Favorites: Discover It, Discover Miles, And U.S. Bank Cash+
Message 1 of 14
13 REPLIES
Super Contributor

Re: Laughable Denial Reason-Wells Fargo

Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink
Starting Score: 829 Fico TU08
Current Score: 835 Fico TU08
Goal Score: 850


Take the myFICO Fitness Challenge
Message 2 of 14
Frequent Contributor

Re: Laughable Denial Reason-Wells Fargo


Djgrolyos wrote:
Applied for the Cash Wise Visa for the $200 Spend Bonus. Fico 788-Pulled EX. Denied for one reason only:

No Retail Credit Card Reporting. (We look for how you are using your credit. We look for what types of credit you have)

Well. Sorry I closed my store cards last year. :/


I agree that 'laughable' is an excellent way to describe that reason. Especially because on a couple of score models they list retail accounts as a reason hurting your score. So it's bad to not have them, and bad to have them? Oy.

 
EQ: 756 (05)/826 (08)INQs: 5EX: 816 (08)INQs: 13TU: 796 (08) (Split File - FIXED!)INQs: 11
AAoA: ~5.7 years, oldest account 17.7 years
Total Credit Line: ~$246K
Message 3 of 14
Frequent Contributor

Re: Laughable Denial Reason-Wells Fargo


Dinosaur wrote:
Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink

Same here! I got a Cash Wise right before the extent of their fraud became clear. Once it did, I took full advantage of the 15 months of no interest, got a $300 checking bonus, and then closed all my accouts down Smiley Happy

 
EQ: 756 (05)/826 (08)INQs: 5EX: 816 (08)INQs: 13TU: 796 (08) (Split File - FIXED!)INQs: 11
AAoA: ~5.7 years, oldest account 17.7 years
Total Credit Line: ~$246K
Message 4 of 14
Senior Contributor

Re: Laughable Denial Reason-Wells Fargo

Message 5 of 14
Community Leader
Super Contributor

Re: Laughable Denial Reason-Wells Fargo

Lol

Hahaha

Deez...Smiley Wink



Gardening since 6/13/18
Goal: No hps or cli requests at least til 1/1/19, 7/13/20 preferable
Message 6 of 14
Frequent Contributor

Re: Laughable Denial Reason-Wells Fargo

In that case why not call in for a recon?

Fico 08 TU 680 EQ 682 EX 680 (4/05/18)
Fico 08 TU 668 EQ 656 EX 671 (1/13/18)
FICO 08 TU 533 EQ 512 EX 522 (2/6/17)
1 collection charge off paid April '17 ($500 GTE FCU) went over 120+ days late on it account closed. PIF to CA

NFCU Cash Rewards-$2800 (1/13/18), USAA Classic Platinum Visa-$1000 (1/13/18), Discover IT-$10,000! (1/13/18), AMEX BCE-$1000 (1/13/18), AMEX Blue Delta SkyMiles-$1000 (1/13/18), Care Credit-$7500(1/13/18), Cap1 Platinum Preferred-$1500 (1/15/18), Wal-Mart $5000 as of Nov '17 (SL $200 July '17), Dillards $1000 July '17, Several rebuilder cards closed not listed
Message 7 of 14
Regular Contributor

Re: Laughable Denial Reason-Wells Fargo

Thats insane. Sorry to hear this happened. Their loss.

Message 8 of 14
Contributor

Re: Laughable Denial Reason-Wells Fargo

I'm confused. 

Frowned on by banks to have retail cards; denied by a bank for not having one..??

Can someone explain this?


Merrick Bank Visa $1500 | Citi BestBuy Visa $5300 | Chase Freedom $500 | Amex BCE $2000

FICO8:  EQ 12/17: 721  |  1/18: 706   || .  TU 12/17: 742  |  1/18: 744 .  ||   EX 12/17: 736  |   1/18: 720



Merrick Bank Visa $1500 | Citi BestBuy Visa $5300 | Chase Freedom $2000 | Amex BCE $6000 | Alliant SSL

Gardening until 6/1/18 then app for 5th CC



Starting Score: Fico 8: EQ 721 TU 742 EX 736
Current Score: Fico 8: EQ 768 TU 781 EX 784
Goal Score: Fico 8: EQ 750+ TU 760 EX 750+


Take the myFICO Fitness Challenge
Message 9 of 14
Valued Contributor

Re: Laughable Denial Reason-Wells Fargo


Dinosaur wrote:
Djgrolyos shame on you for being proactive and eliminating retail cards that you no longer need! Time for a trip to the "wood shed" ... Unreal! Then again it is WF. Used to have virtually everything with them and I packed up my old kit bag and found a door that went out and left never to look back! Smiley Wink

E X A C T L Y !!!!!!!

 

WF is the pits



EX 792, TU 809, EQ 805
|| NFCU CashRewards $25K || AmX $15K || Macy's $15K || Discover IT $10.5K || NFCU Platinum $7.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 10 of 14