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WF CLI Declined

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Harvey26
Valued Contributor

WF CLI Declined

Felt a little ambitious with WF yesterday and decided to ask for a CLI on my Active Cash account. Requested 30K Current SL 9K would like to give of some cards I no longer use but would like to keep avaliable credit. Went pending. Received EX pull notification. Request declined not even a counter offer. I thought spending 10K in 2 months would be a winner but apparently not. Will update once letter arrives for decline reasons. EX score currently 765 1% UTI

Amex ED: 8K, Macys Amex: 4K , BOA Premium Rewards: 60K , Best Buy Visa: 7K , VACU Mastercard: 11.5K Discover: 25K, Amex Delta Reserve 15k, Apple Card:3.5K, Saks WEMC 16.2K, PNC Cash Unlimited: 20K
Message 1 of 17
16 REPLIES 16
cashorcharge
Community Leader
Super Contributor

Re: WF CLI Declined

Sorry to hear this @Harvey26 

Is this a fairly new account or did you PC from another Card to the Active Cash?  Has it at least been open 6 months?

Also, I am "guessing" that you called and asked for the CLI on the phone and they said proceeding without a SP wouldn't be possible so you agreed to the HP to proceed?

 

I read a lot about SP CLI's with WF and not too often about HP CLI's.

Message 2 of 17
rostrow416
Established Contributor

Re: WF CLI Declined

Way too soon on that request.  At least give it until the 6 month mark.

AMEX Gold | Purdue FCU $20,000 | FNBO Evergreen $15,000 | TFCU Plat Visa $15,000 | PenFed Platinum Rewards $15,000 | PenFed Pathfinder $15,000 | Citizen's Bank Cash Back+ $15,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $17,000 | Discover IT $6,000 | Capital One BuyPower $950 | AMEX BCP $5,000 | AMEX Amazon Prime Business $3,000

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $15,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $7,000 | Kohl's Store Card $3,000


Spring Cleaning:
C̶a̶p̶i̶t̶a̶l̶ ̶O̶n̶e̶ ̶Q̶u̶i̶c̶k̶S̶i̶l̶v̶e̶r̶ ̶$̶1̶,̶0̶0̶0̶ | C̶r̶e̶d̶i̶t̶ ̶O̶n̶e̶ ̶V̶i̶s̶a̶ ̶$̶1̶,̶2̶0̶0̶ | M̶e̶r̶r̶i̶c̶k̶ ̶B̶a̶n̶k̶ ̶$̶2̶,̶7̶0̶0̶ | M̶a̶r̶v̶e̶l̶ ̶M̶a̶s̶t̶e̶r̶c̶a̶r̶d̶ ̶$̶1̶,̶̶2̶0̶0̶ | C̶o̶m̶e̶n̶i̶t̶y̶ ̶M̶a̶s̶t̶e̶r̶C̶a̶r̶d̶ ̶$̶1̶,̶1̶8̶0̶
Message 3 of 17
Harvey26
Valued Contributor

Re: WF CLI Declined

@cashorcharge Yeah only had it for 3 months. Lesson Learned

Amex ED: 8K, Macys Amex: 4K , BOA Premium Rewards: 60K , Best Buy Visa: 7K , VACU Mastercard: 11.5K Discover: 25K, Amex Delta Reserve 15k, Apple Card:3.5K, Saks WEMC 16.2K, PNC Cash Unlimited: 20K
Message 4 of 17
cashorcharge
Community Leader
Super Contributor

Re: WF CLI Declined


@Harvey26 wrote:

@cashorcharge Yeah only had it for 3 months. Lesson Learned


 Agreed...at the 6 month mark...call them and ask if a SP CLI increase is possible?  The rep on the phone will be able to tell you before the HP if they can proceed without it.  That's your indicator....

Message 5 of 17
Rebuild2019
Valued Contributor

Re: WF CLI Declined

Sorry about your WF decline @Harvey26

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards Plus | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | AAA Daily Advantage | US Bank Cash+ | Wells Fargo Reflect | Citi Costco Visa | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |

BUSINESS CARDS: Amazon Business Prime AMEX
Message 6 of 17
Wavester64
Valued Contributor

Re: WF CLI Declined


@rostrow416 wrote:

Way too soon on that request.  At least give it until the 6 month mark.


^^^^ This Smiley Happy






Potential Future Cards

Closed Accounts
Message 7 of 17
FinStar
Moderator Emeritus

Re: WF CLI Declined


@Harvey26 wrote:

@cashorcharge Yeah only had it for 3 months. Lesson Learned


Yeah, way too premature as others have mentioned already -- regardless of spend. This is like diving in a pool only 1 foot deep.

 

On the upside, you took one for the team 😂  Your DPs will definitely help others who may be curious as to how soon to request one. If the SP option doesn't yield anything, then bow gracefully and try again down the road. Unless, HPs are of no concern.

Message 8 of 17
Anonymous
Not applicable

Re: WF CLI Declined

Nice set of cards!

Message 9 of 17
firefox100
Valued Contributor

Re: WF CLI Declined

 

Hi sorry for your denial on your request for credit increase. Wells Fargo will not budge on the six months rule, but after the six months point you can request increases every 120 days like clock work with a hard pull. I have a Wells fargo Propel card that went from 7K to 25K in 2 years with out a hard pull. Good luck.

Message 10 of 17
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