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Wells Fargo Propel/Discover Approval Odds - Thin File

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New Contributor

Wells Fargo Propel/Discover Approval Odds - Thin File

I’m wanting to apply for a discover cash back card and Wells Fargo propel card, I’m looking to get everyone’s input on my approval odds. Right now i have 711 EX, 712 EQ, 721 TU, no collections or anything bad on my report, 3 inquiries in the past year.

The oldest account I have is 9 months from an installment loan. Im about to be an authorized user on a 10 year chase card with a $2,500 limit too. I also make 65k-70k a year to give everyone an idea on my income.

What do you guys think my chances are on getting these two cards? Thank you in advance! Smiley Happy
Message 1 of 36
35 REPLIES 35
Super Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

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. 



01/2019:
10/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 2 of 36
New Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

No prequals on Discover unfortunately Smiley Sad I’ve been doing a lot of research on here the past two weeks and i think I’ll be pulling the trigger on disco for sure once the 10yr authorized user account shows on my report. I’m looking for a higher limit and hoping they will give me that. I looked on Amex prequals and had the delta gold and BCE pop up, but i have a feeling I’d get yet another 1k limit from them.

Propel is interesting me because of everything you can get 3x points for, I’m definitely a reward chaser and feel like that card will certainly grow in time. Plus it looks really cool Smiley Tongue
Message 3 of 36
Frequent Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

If you have a relationship with WF it would help your chances.

Message 4 of 36
Community Leader
Mega Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

Not necessarily. WF has denied CC accounts because of the low funds in checking/savings accounts for existing customers. 

 

EX 759 EQ 774 TU 753


Message 5 of 36
Moderator

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

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

 

Message 6 of 36
New Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

I think i might apply for both on the same day just to see....might as well i don’t have too many inquiries and that would be it for me for awhile!
Message 7 of 36
Senior Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File


@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. 




3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>09/2019 CCT EX 829 TU 848 EQ 837
Jack Webb: "That figures. Now let me see if I got the facts straight here. Cleaning woman Clara Clifford discovered your clean copper clappers kept in a closet were copped by Claude Cooper the kleptomaniac from Cleveland. Now, is that about it?"
Message 8 of 36
Regular Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File

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.

Starting FICO 8 as of 2 APR 2019

FICO 8 as of 10 OCT 2019

FICO 9 as of 2 APR 2019

Goal 700 across the board by 7/2021
Message 9 of 36
Community Leader
Mega Contributor

Re: Wells Fargo Propel/Discover Approval Odds - Thin File


@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   

 

 

 

 

EX 759 EQ 774 TU 753


Message 10 of 36
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