WF Propel SP CLI @ 6 months denial

[Semi_Lost_Hiker]

Tried my luck with a CLI for my WF Propel after hitting the 6 month mark of opening the account. The customer service rep was very nice and asked all the standard questions, income, housing expense, etc. They also explained the procedure, I give an amount, if it is too high the computer will counter offer. I figured it was an auto denial over the phone since I got the 7-10 days message. I got the letter in the mail and the only reason given was "insufficient experience with present account". Since I'm in the garden anyway for 2020, I'll try again after I hit the 1 year mark. It's a soft pull so no harm done.

Datapoints:

FICO 9 (EX): 780

AAoA: 4 years

AoOA: 8 years

AoYA: 6 months

Inqs: 5

[AverageJoesCredit]

Usually for Wells, 6 months just isnt enough time to see if you are profitable

[Semi_Lost_Hiker]

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@AverageJoesCredit wrote:

Usually for Wells, 6 months just isnt enough time to see if you are profitable

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Other posts seemed to indicate that as well but I figured why not be a guinea pig myself?

[M_Smart007]

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@AverageJoesCredit wrote:

Usually for Wells, 6 months just isnt enough time to see if you are profitable

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Guessing that my 2 SD WF cards are not

[Meanmchine]

Sorry for your denial

Good luck with your gardening

[flyingmd]

WF First CLI is minimum 7 months. I had done the same thing at 6mos. Rep I spoke with said that they normally dont consider until after the 7 month. I would wait another month amd try again ( sure enough, thats when I got my first CLI on my Propel) Good luck

[Wavester64]

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@Semi_Lost_Hiker wrote:

Tried my luck with a CLI for my WF Propel after hitting the 6 month mark of opening the account. The customer service rep was very nice and asked all the standard questions, income, housing expense, etc. They also explained the procedure, I give an amount, if it is too high the computer will counter offer. I figured it was an auto denial over the phone since I got the 7-10 days message. I got the letter in the mail and the only reason given was "insufficient experience with present account". Since I'm in the garden anyway for 2020, I'll try again after I hit the 1 year mark. It's a soft pull so no harm done.

Datapoints:

FICO 9 (EX): 780

AAoA: 4 years

AoOA: 8 years

AoYA: 6 months

Inqs: 5

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I got the same response though a few differences:

1. I tried after 3-months (instead of 6) because a large purchase was looming and I wanted to take advantage of the 0% APR I was currently in.
2. After the CSR said they needed to move this to another person (UW?) to check would I be OK with that. I asked would that be a HP and she said yes and since it was not approved with the SP, I opted not to go that route. Don't need wasting any HPs right now.

[Wavester64]

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@Semi_Lost_Hiker wrote:

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@AverageJoesCredit wrote:

Usually for Wells, 6 months just isnt enough time to see if you are profitable

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Other posts seemed to indicate that as well but I figured why not be a guinea pig myself?

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I like your style