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

MIlty
Valued Member

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

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.

Message 1 of 19
18 REPLIES 18
Mv350
Valued Contributor

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


@MIlty 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.


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!!! 🎉🎉

Message 2 of 19
MIlty
Valued Member

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

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!

Message 3 of 19
Dreams_Come_True
Regular Contributor

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

Congratulations on your approval! 🥳

Message 4 of 19
M_Smart007
Epic Contributor

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

Congratulations!

Message 5 of 19
M_Smart007
Epic Contributor

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

They will not close your other card!

Message 6 of 19
AllZero
Mega Contributor

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

Congratulations on your approval!
Message 7 of 19
blindambition
Community Leader
Senior Contributor

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

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.

Message 8 of 19
angelwingz
Valued Contributor

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

Congratulations on your approval! 👍




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 9 of 19
Traveler101
Frequent Contributor

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

Congrats!

Message 10 of 19
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