This approval post is starting with a denial story. Since Barclays has made the Uber card rather worthless, I thought I would try my luck with the Wells Fargo Propel Amex. Applied online and received the “We need to verify a few pieces of information...” wording. So I waited and received a letter a few days later with a denial. Score was listed as 725 and reasons listed were:
-Ratio of credit bureau trades with a balance greater than zero (This is odd as I practice AZEO and let the reporting card only report <8%. With $117k in credit lines across all of my cards, I don’t understand the logic here).
-Number of revolving bank cards reported by credit bureau. (Ok, I guess I have too many open cards for them).
The next day, I received an “invitation to apply” for the Cash Wise card in the mail. I know these are just advertising, but I went ahead and tried anyway. Got the same “we need to verify info blah blah blah” wording, so I wrote it off as another denial.
Now on to the approval...Today, 5 days later, I received an email stating that the Cash Wise was approved for $4.5k (although I wish it was $500 more to make a Siggy card) and I was surprised. I guess that the underwriting requirements for the Propel and the Cash Wise are different.
In the end, I’m just glad to have another relationship with a major bank. I do have a checking account with them that I opened for the bonus. I did have a previous checking account with them years back that was open for like 6 years with no issues. This is the first credit product I’ve had with WF. Hopefully it will grow. What are CLI’s and product changes with WF like?
Thanks for reading. 
Congratulations on your approval!
@UH_HUH wrote:No Shame In Your Game!!!
$4,500.00 from WF is not a bad limit at all
for your first card with them.
Sit back and enjoy your success :-)
Cheers
Thank you Is WF usually pretty stingy with their SL’s? I’ve never really looked at them much.
Wells Fargo,
Yeah... But you got a nice SL for them do PIF establish history and that Propel card will have your name on it...sooner than later.
Congratulations 🎊🍾🎉🎈🥳✅🎁💯
Yeah... But you got a nice SL for them do PIF establish history and that Propel card will have your name on it...sooner than later.
Congratulations 🎊🍾🎉🎈🥳✅🎁💯
2018 Dec Starting Score: 700
Congratulations on your approval!!!
@Anonymous wrote:
@JaseT wrote:This approval post is starting with a denial story. Since Barclays has made the Uber card rather worthless, I thought I would try my luck with the Wells Fargo Propel Amex. Applied online and received the “We need to verify a few pieces of information...” wording. So I waited and received a letter a few days later with a denial. Score was listed as 725 and reasons listed were:
-Ratio of credit bureau trades with a balance greater than zero (This is odd as I practice AZEO and let the reporting card only report <8%. With $117k in credit lines across all of my cards, I don’t understand the logic here).
-Number of revolving bank cards reported by credit bureau. (Ok, I guess I have too many open cards for them).
Same reasons as my WF Visa Sig denial! They do explain the non-zero thing is over a 6 month period. Do you rotate the non-zero card? If so, they would have seen a few cards with non-zero balances over that period.
Good point! Yes, I do rotate them. Some get more rotation action than others though. Still a lame reason! 😆
Congrats!!
