Sorry for denial OP. Don't stress over it too much. IMHO, y'all aren't missing anything.
It's difficult to set up automatic payments as Wells Fargo doesn't give the pay from external account option.
It was there and poof, I don't see it anymore. Also, the $25 minimum redemption is too high IMO.
Amex acceptance is better, but still not there like MC or Visa.
I haven't touched this CC in over 6 months. Personally I believe there are better options.
UW told me I wasn't using enough of my credit for a CLI. $4 to 5k reporting wasn't enough for her 😂.
I don't think I've used it since.
Honestly it's probably been 8 or 9 months. They can close it if they like.
@Gmood1 wrote:Sorry for denial OP. Don't stress over it too much. IMHO, y'all aren't missing anything.
It's difficult to set up automatic payments as Wells Fargo doesn't give the pay from external account option.
It was there and poof, I don't see it anymore.
Honestly, I did not find "Auto-pay" or "outside" accounts an issue?
I have auto pay set up and it pays every month like clockwork.
IMO: Rewards can be redeemed in smaller amounts if necessary , I just buy a Gas card through them,
and pay the rest. Never thought redeeming $25.00 was an issue.
People rack up thousands of UR's and MR's and hold for a Year
All JMHO ...
I don't trust any of these FIs that much, to leave thousands of dollars in their rewards section. Lol
I've seen members here who thought that was a good idea only to get reamed and lose all of those points.
I did have autopay. After I cancelled it and tried to set it back up, it wasn't available anymore. Weird, I know.
I finally SD'd the card and the only reminder that I have it, is when I see threads like this.
Sorry OP. WF is a mystery. FWIW I had a mortgage with them for a few years before opening any CC's.
Wouldn't it be great if there was a universal benchmark score, and companies could simply look at that score plus income, and perform simple math to decide to approve or deny? Oh, wait. I really don't know why companies have all of these convoluted or unpublicized rules. Not sure who it helps.
Imagine something like this: "You will be approved for our card if your FICO 8 score is over 690 and your debt to income ratio is below X%." Better yet, do SP preapproval/offers like GS/Apple.
I digress. OP, a simple read is that your scores are lower than the range everybody says this card looks for. Utilization is also pretty high, though I assume that's baked into the scores. Good luck!
@M_Smart007 wrote:
@Anonymous wrote:Who do I have to $@#% to get this darn card? TBH I knew my chances were slim but since it's my goal card I gave it a go. Took a 6pt hit on EX for nothing. Even after recon no dice.
I don't know if this is your current EX score?
Current Score 1/4/20: EX 676 EQ 686 TU 669
Yes it was my current score before the pull. Now 670. Where can I get that info you posted about credit score requirements?
Sorry for the denial, OP. I got mine in 2016 literally a few days after closing on my house... the mortgage was with WF too but I don't know if the credit department would know that since it was too soon for it to show up on my CR (I was waiting to close on the house to apply for this card). My scores were probably similar to yours... they may have been in the 690s or so and the UTI was probably also similar or higher than yours is. Do you bank with them? I think they like when you have an established relationship with them - I've been banking with them since 2009 so maybe that helped. If you really want this card and don't bank with them you may want to consider opening up a checking and savings account and using it. Also, how thin or thick is your file? I opened my Discover card in 2006 and had two car loans by the time I applied for this card too in addition to some other credit cards so maybe if your history isn't too long you may want to let it age a little... just taking some shots in the dark. Not sure if this would help but it's worth a try (letting the credit scores hit 700 as a safety would be ideal too).
Hope this helps... good luck!
