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Disco I would just check the prequals. If you have one, go for it. Disco tends to really like thin files because it tells them they’re going to get a lot of swipes and an installment loan shows your ability to consistently pay so I imagine it helps more than if you had a 9 month old credit card instead.
Wells Fargo I really don’t know. There have been some surprising approvals for Propel and some shocking denials as well.
If you have a relationship with WF it would help your chances.
Not necessarily. WF has denied CC accounts because of the low funds in checking/savings accounts for existing customers.
Wells Fargo is hard to figure out.. applied about 7 months ago with a 780ish score and denied. Granted they don't like alot of new credit which i certainly have, but scores really dont mean that much to then either... kinda like cap1 if not alot of cards recently can get get even with meh scores. If you do have alot of cards then banking relationship certainly probably could help. They are kinda all over the place imo parked some money their and waiting for a pre-qual/approval then ill take it unti lthen no more wasted pulls
@Remedios wrote:Not necessarily. WF has denied CC accounts because of the low funds in checking/savings accounts for existing customers.
Never heard that one before.
Wells Fargo denied me for having a redeemed repo (which is a mistake) from 3 years ago which is only reporting to TU which is who they use. For some reason TU wont remove it even though the other bureaus have. Go figure. I have banked with them for 12 years and am probably going to move to NFCU because of this.
As for Discover, I got approved recently with the score in my sig, they pulled EQ, and 1 baddie reporting. I did have a prequal and got a SL of 1k so YMMV.
@Meanmchine wrote:
@Remedios wrote:Not necessarily. WF has denied CC accounts because of the low funds in checking/savings accounts for existing customers.
Never heard that one before.
Yup, there were denials referencing lack of funds in existing depository accounts, and some were referencing NSF checks or overdrawn accounts from years ago