Wells Fargo and more

[mystikal1]

Congrats...I think they use FICO2

[Anonymous]

Congrats on approval.
A quick question do you bank with them? Did you get preapproval or you just decided to apply on your own.
Thanks

[sarge12]

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@Anonymous wrote:
Congrats on approval.
A quick question do you bank with them? Did you get preapproval or you just decided to apply on your own.
Thanks

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I was just searching for a card with a fairly high SUB online...I actually jumped out of the garden for a CLI on chase amazon prime, the wells fargo was an afterthought to get some free money before hiding in the garden again. I am disabled, so I do no traveling, so the really high SUB of travel cards does not work for me. I have no other business with WF. It seems that most of my mail offers these days are for cards like luxury gold mastercard and such...$995 AF...have they lost their minds, I do not care if it is actually 24k gold plated. Amex has also been trying to get me into their ritzy exclusive card for a while..Platinum card I think...550 AF. When will these issuers figure out I do not want cards with an AF.

[pipeguy]

WF holds, or at least services, our Mortgage for the last 15+ years and I've never had any issues with them even in 2007-2008 when we had a couple of 60 day lates (they reported to the CRA's but took no AA - of course the real estate market was crashing at that time), caught up on the mortgage quickly and have never been late since. We don't bank with WF, but when the Cash Wise card came out we got an invite and approval  with a similar SL (16k), no problems, no issues.

Personally I don't think any of the big banks are our "friend" be that Chase, Citi, BoA (especially), WF or any of the others - I do business with all of them because I'm in it for my benefit - that said, Credit One and the like....I won't go that far.

Congrats on a good card and nice SL.  

[TiggerDat]

Congrats, I just got a Cash Wise card too.  Oddly, I also got the same limit you did.  

I must say it is one of the brightest cards out there.  I heard it even glows in the dark......   

[sarge12]

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@TiggerDat wrote:

Congrats, I just got a Cash Wise card too.  Oddly, I also got the same limit you did.  

I must say it is one of the brightest cards out there.  I heard it even glows in the dark......   

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yellow with sparkles and red edge...but you made me look...does not glow in dark.

[Anonymous]

WF pulls fico bankcard02 

[Anonymous]

Tigger can you plz share your scores?
And do you currently bank with WF or had an invitation?
Thanks

[sarge12]

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@RockinRay wrote:

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@sarge12 wrote:

OK...today I recieved a letter from Wells Fargo giving me the information on my credit pull that was used to consider my application. Frankly, it has me baffled. It says my score from equifax which ranges from 300-850, was 830. I monitor my fico 08 scores with credit check total and know my fico 08 score from equifax has been a very stable 818. Does anyone know what score model Wells Fargo uses? It could not be a bankcard score because it ranges up to 900. This is an unexpected surprise.

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I'm not sure what model they use but I wanted to jump in here and say your scores are awesome and congrats!!!

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RockinRay...800+ credit scores are really not hard to get or maintain, anyone can do it. Just pay all bills on time every month, keep utilization low, and after maybe 5 years they will get there. It really is not all that difficult, or all that great of an accomplishment. The problem many have is their debt is too high of a percentage of their income which leads to sometimes being late on payments, and really high scores do require a fairly spotless history with no lates, public records or anything like that. I have maintained 800+ even showing some new accounts and inqueries. If I can stay in the garden for 2 years, I'm sure I can reach 850 across the board.

[TiggerDat]

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@Anonymous wrote:
Tigger can you plz share your scores?
And do you currently bank with WF or had an invitation?
Thanks

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My scores are about 750, no I don't bank with them but did in the past so I might have a profile with them, and no invitation.  I have about 5 - 6 inquiries on each report.

I banked with them before they were Wells Fargo and I think I might have applied with them in the past, but not certain.  If I did I was rejected and it was during my rebuild phase.  

All I knew when I applied is that I wanted the signup bonus and that I won't be able to apply for cards in the near future as I will be transferred back overseas.  

I just wanted to collect up some signup bonuses before leaving and and have a little extra breathing room for payments.  I normally PIF, but since I will be paid in a foreign currency I will have to transfer the money to the US.  Now I can pay over time and not worry about how often I transfer money.  

I had a strategy for my rebuild which worked out well, now I have a strategy to rack up some signup bonuses and pay over time.  Without a good strategy success is harder.  It's going to be a long time before I get any more inquiries, so I can age everything nicely and keep my uitilization down.