Wells Fargo Autograph℠ Card - Denial ¯\_(ツ)_/¯

[blindambition]

I won't say sorry Smarty, because there will be 3 approvals in its place. That UW saw the 80 cards and was like No Way Man!! 🤣 

[Anonymous]

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@YogurtFan wrote:

How much did Wells Fargo think was too much?

I have cards with Chase, Capital One, Citibank, Discover, American Express, Synchrony, US Bank and Barclays.

When done with my two year gardening stint next year, I will apply to Bank of America and Wells Fargo to complete my inventory of top ten bank cards.  I've about $66,000 in credit lines.  I doubt any issuer will think that's too much.

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@YogurtFan This was me. I couldn't find an American Express, Barclays, and Synchrony card to add to my list. What cards do you have?

[805orbust]

@M_Smart007  well screw those guys!!!  🤣

[YogurtFan]

I do wonder about business strategy in card issuance.  If I were a bank and saw an applicant with extremely low utilization, I'd consider the signup bonus and rebates against the swipe fees.  If someone consistently gets a 3% rebate, the bank cannot make money.  The only reason that I can think of is that issuing a card to a so-called "deadbeat" helps the bank pad its number and present a lower percentage of delinquent customers.  Stock analysts use such data to make their recommendations.

[NoMoreE46]

@M_Smart007  bummer.

Thanks for the mention.

I thought that I had seen something that customers could slice down to as fine as $100 and not $1,000...

[M_Smart007]

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@NoMoreE46 wrote:

@M_Smart007  bummer.

Thanks for the mention.

I thought that I had seen something that customers could slice down to as fine as $100 and not $1,000...

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Hi @NoMoreE46 ,

The rep I spoke to said;  .. "The computer would allow all but $1K to be moved. would I like to procede?"

WF has changed some things, when I had applied for the Autograph, I also called in for the usual "SP CLIs",

but his time was different ..they said the computer now decides, and we cannot tell you if HP or SP.

I can tell you that they tried to pull TU, as I got the "Blocked" credit inquiry alert".

Also got a letter stating to unlock my reports and call them   ..ya right!

Sorry WF,  you are not pulling my report, you already have the SP version.

[Stealth-1]

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@CreditCuriosity wrote:

so see above likely they want a piece of that debt and interest off of it.

Your reasons are exactly how I see WF. I never bother asking them for CLI on my 3 cards with them. None of the accounts even have a CLI button, haha. However, whenever they did auto credit increases they were always at times when I put heavy spend on the cards and temporarily carried balances. They are also one of my banks so at least there is some flexibility with payments and transfers.

[learningcredit54]

@M_Smart007  - I am pretty sure that its their loss and not yours. That just weird but I am noticing thats how the credit game goes. You never know.

Congrats on all the other cards though and overall profile- quick question. I see the inquiry you posted shows a removal date - what do you use to monitor credit. I dont think I have that option on the MyFico monitoring.

[GZG]

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@learningcredit54 wrote:

what do you use to monitor credit. I dont think I have that option on the MyFico monitoring.

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pretty sure that's experian's credit monitoring website 

The experian app especially has a bunch of really nice sorting options which makes figuring out /12,  /24,  5/24 very easy 

[M_Smart007]

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@learningcredit54 wrote:

@M_Smart007  - I am pretty sure that its their loss and not yours. That just weird but I am noticing thats how the credit game goes. You never know.

Congrats on all the other cards though and overall profile- quick question. I see the inquiry you posted shows a removal date - what do you use to monitor credit. I dont think I have that option on the MyFico monitoring.

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@learningcredit54, Thanks   ....That is a screenshot from Experian's site.