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Wells Fargo Propel Decline

FrenchFico
Regular Contributor

Wells Fargo Propel Decline

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. 

Starting Score 14/6/19: EX634 EQ683 TU663
Current Score 10/20: EX 710 EQ 718 TU 701
Goal Score: 750


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Message 1 of 31
30 REPLIES 30
AllZero
Super Contributor

Re: Wells Fargo Propel Decline FML

That is unfortunate. Hope you get better luck next time.

Message 2 of 31
Carmy03
Established Contributor

Re: Wells Fargo Propel Decline

Bummer. I'm sorry to hear this.

Message 3 of 31
SFLSpotter9210
Established Contributor

Re: Wells Fargo Propel Decline

It's unfortunate about your denial. Can you please supply us with some data points like utilization, inquiries, and the reasons for the past denials might help us help you. 

NFCU Flagship 25,000 Penfed PowerCash 8,750 PenFed PL 20,000 NFCU AMEX Rewards 37,500 NFCU GoRewards 7,000
Capital One Quicksilver 6,300
Lowe’s 34,500
Wells Fargo Propel 10,000
Barclay Apple1k
Citi Rewards+ 10,600
Citi Double Cash 14,800
Citi Simplicity 5,500
PNC Core VISA 17,500
Home Depot 1,000
USAA AMEX 10,000
Discover 17,000
BB&T Rewards 4,500 BB&T Bright Card 4,500 GS Apple 5,500 Chevron 1650 Fico 8 Scores EQ=761,EX=760,TU=766 scores and CL current as of 04/23/21 AAoA=2years10minths AoOA=17yrs
Message 4 of 31
M_Smart007
Epic Contributor

Re: Wells Fargo Propel Decline


@SFLSpotter9210 wrote:

It's unfortunate about your denial. Can you please supply us with some data points like utilization, inquiries, and the reasons for the past denials might help us help you. 


+1

Message 5 of 31
FrenchFico
Regular Contributor

Re: Wells Fargo Propel Decline


@SFLSpotter9210 wrote:

It's unfortunate about your denial. Can you please supply us with some data points like utilization, inquiries, and the reasons for the past denials might help us help you. 


55% Util and 8 inq on Ex. 3 Inq are slated to fall off by Sept this year and 5 will no longer be scoreable after July. 

I've been in the garden for awhile and was declined for a WF Cash Wise 2018 I believe.  They also pulled Ex in 2018. I haven't had any recent denials. In fact I was approved for NFCU Cash Rewards for 15k the same day but I realize that NFCU is a bit less conservative. 

Starting Score 14/6/19: EX634 EQ683 TU663
Current Score 10/20: EX 710 EQ 718 TU 701
Goal Score: 750


Take the myFICO Fitness Challenge
Message 6 of 31
M_Smart007
Epic Contributor

Re: Wells Fargo Propel Decline


@FrenchFico 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

 

 

Message 7 of 31
CreditCuriosity
Moderator

Re: Wells Fargo Propel Decline

55% utilization isnt doing you any favors.  Don't feel bad I have 1% utilization scores in 800 range and get shot down many times for this card as well..  Some profiles they just dont like.  Get that utilization down and that will certainly help you to some extent.

Message 8 of 31
AverageJoesCredit
Mega Contributor

Re: Wells Fargo Propel Decline

I shredded my last denial letter from WF but the gist was they dont like multiple cards on report being at 0 and another resson i cant recall right now. My credit score with them at time was 775 so score is meaningless to them imo. This is a lender who should be more lenient,  especially to those with good credit, in light of all the bull they pulled to people. I now know never to try again for another card nor seek a cli. They just arent worth it, to me

 

Message 9 of 31
ImTheDevil
Community Leader
Super Contributor

Re: Wells Fargo Propel Decline


@AverageJoesCredit wrote:

I shredded my last denial letter from WF but the gist was they dont like multiple cards on report being at 0 and another resson i cant recall right now. My credit score with them at time was 775 so score is meaningless to them imo. This is a lender who should be more lenient,  especially to those with good credit, in light of all the bull they pulled to people. I now know never to try again for another card nor seek a cli. They just arent worth it, to me

 


Really? That's weird to me - never heard of that before. Afraid someone will get their card and then rack up a bunch of debt they can't pay? Wouldn't that seem more likely if everyone had balances on everything already? I've been eyeballing this card awhile and trying to read up on DPs for it and jeebus, WF really seems to want you jumping through hoops. Not sure it's worth it...



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Message 10 of 31
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