Approved for Wells Fargo Cash Wise...but a question...

[Anonymous]

I have a Wells Fargo Platinum credit card with an $8,000 limit. No rewards. I got an offer in the mail for the Wells Fargo Cash Rewards card, which to me makes sense so I can use the rewards (I always pay off my statement balance). I was approved for $5,000. So...will Wells Fargo close my Platinum card now I have the Rewards card? I hope not, because I want the credit bump of total available credit.

[Mv350]

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@Anonymous wrote:

I have a Wells Fargo Platinum credit card with an $8,000 limit. No rewards. I got an offer in the mail for the Wells Fargo Cash Rewards card, which to me makes sense so I can use the rewards (I always pay off my statement balance). I was approved for $5,000. So...will Wells Fargo close my Platinum card now I have the Rewards card? I hope not, because I want the credit bump of total available credit.

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No they won't close the other card. You would have to call and request that it be closed. If it doesn't have an AF, I would keep it open. Maybe every couple months put a small charge on it, to make sure it stays active.

Congratulations on the approval!!! 🎉🎉

[Anonymous]

Thank you! And no annual fee! I'll definitely keep it open. I have come a long way. Have a bankruptcy that drops off in a year and a very healthy amount of available credit. Wells Fargo it started with a $2000 secured card and in 4 years now $13k in credit!

[Dreams_Come_True]

Congratulations on your approval! 🥳

[M_Smart007]

Congratulations!

[M_Smart007]

They will not close your other card!

[AllZero]

Congratulations on your approval!

[blindambition]

Congrats on the approval!! Enjoy your rewards earning potential.

If your Platinum has a low APR, still has value in profile. Along with limit padding your utilization.

[Anonymous]

Congratulations on your approval! 👍

[Traveler101]

Congrats!