Anyone have success with Wells Fargo visa recon?

[Cracka]

Hello fellow lurkers, I've searched but haven't found any posts that confirm if anyone has success wi Wells Fargo recons. I'm a current PMA account holder with many accounts and took the plunge by applying online last night. I got the 7-10 day decision email but when I called the application status number, it said that my app was declined. I kicked myself for clicking submit!

First thing this morning, I called and spoke to a representative to ask for a recon and she reviewed a couple of things. after a few minutes, she offered to re-route my application to someone else and that I would find out the decision within 3 business days.

I was hopeful that WF considers banking relationships but maybe this was false hope (I mean, they are a big bank!). I'm ready to pull all my accounts over to my new CU account if they flat out decline me without edification and or a counter-offer.

Did anyone go through this and if so, what was your outcome

[LS2982]

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@Cracka wrote:
Hello fellow lurkers, I've searched but haven't found any posts that confirm if anyone has success wi Wells Fargo recons. I'm a current PMA account holder with many accounts and took the plunge by applying online last night. I got the 7-10 day decision email but when I called the application status number, it said that my app was declined. I kicked myself for clicking submit!

First thing this morning, I called and spoke to a representative to ask for a recon and she reviewed a couple of things. after a few minutes, she offered to re-route my application to someone else and that I would find out the decision within 3 business days.

I was hopeful that WF considers banking relationships but maybe this was false hope (I mean, they are a big bank!). I'm ready to pull all my accounts over to my new CU account if they flat out decline me without edification and or a counter-offer.

Did anyone go through this and if so, what was your outcome

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Good luck to you!! The fact that the CSR moved the app along for futher review means she's confident of an approval.

I would think they consider banking relationships, but its been proven in the past here that even having a boatload of $$$ in the bank doesn't mean CC approval. Its very much YMMV.

[Cracka]

Thanks LS2982. I'm hopeful and will keep my fingers crossed.

We'll see how we'll the different departments work together. I called and spoke to a mortgage underwriter yesterday (unrelated to this app) to ask for advice on improving my credit in order to best qualify for my heloc to conventional loan REFI. He suggested I apply for credit, keep UT around 9% or PIF to quickly improve my fico. He suggested that I do this thus why I applied last night!

[Cracka]

Well, I just called and got a 2nd denial. I know I can't blame the bank for my risk factor, but for all the lurkers on this forum who may feel that Wells Fargo considers relationships - They don't!

Well, they may if you have a lot of money with them, but for most of us, don't think that they are different or special.

As a silent complainer, I'm going to take my money put of my accts and will move it to a local CU and USAA. I will also NOT refi my mortgage with WF so they lost MY business.

Sigh - ok done venting

[enharu]

there've been people who recon'ed successfully. try calling and requesting to talk to an underwriter directly.

they do seem to care about banking relationship. when I asked for a CLI sometime last year I jokingly said they should give me a big CLI for having a checking and savings account with them for the past 8 years. The supervisor/manager was able to tell me what my average daily balance has been for my checking and savings after putting me on hold for a while. I was surprised because I didn't see that coming since most banks separate both divisions.