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Do you guys recommend Wells Fargo credit cards?

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Regular Contributor

Re: Do you guys recommend Wells Fargo credit cards?

I was getting "pre-qualifed offers" regularly from Wells Fargo last year and had concerns.  Decided to apply and was approved for their Propel Card.  No problems with their online site and able to pay online without an issue.  Also, had a fraudulent purchase which they contacted me about.  Removed the charge, closed the account and reissued a new card.  I was also able to recieve a sp cli on the card a couple of days ago.

From my experience, I would recommend.

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Message 11 of 24
Moderator

Re: Do you guys recommend Wells Fargo credit cards?

I dont recommend them at all after their scandal on creating bogus accounts. I did app for their propel last year only to grab the SUB, was denied for too many new accounts in 24 months. Was at 5/24. If you are going to get the card I would do it for the SUB only then get out.
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Message 12 of 24
Highlighted
Frequent Contributor

Re: Do you guys recommend Wells Fargo credit cards?

That isnt true. I was able to do a product change from Platinum ViSA to propel Amex last year. So unless something changed recent, product changes are possible.
Message 13 of 24
Regular Contributor

Re: Do you guys recommend Wells Fargo credit cards?


@gdale6 wrote:
I dont recommend them at all after their scandal on creating bogus accounts. I did app for their propel last year only to grab the SUB, was denied for too many new accounts in 24 months. Was at 5/24. If you are going to get the card I would do it for the SUB only then get out.

I like to use it for the Cellphone insurance, Im paying $14 for a service that is necesary but that I don't use!! 



Starting Score:EX: 713 EQ: 698
Message 14 of 24
Valued Contributor

Re: Do you guys recommend Wells Fargo credit cards?


@Isacking97 wrote:

I was send an offer (pre-qual) for the Visa Platinium, 21.74% APR, 0% APR for 18 months and cellphone insurance included  

Do you guys recommend Wells Fargo credit cards?


No.

Message 15 of 24
Valued Contributor

Re: Do you guys recommend Wells Fargo credit cards?


@gdale6 wrote:
I dont recommend them at all after their scandal on creating bogus accounts. I did app for their propel last year only to grab the SUB, was denied for too many new accounts in 24 months. Was at 5/24. If you are going to get the card I would do it for the SUB only then get out.

Interesting that I got approved for the Propel last month being around 24/24.  Did you have a checking account with them? I opened a checking account with them for the sign up bonus.  And they gave me pre-approved offer for the card when signing in. 

More cards than I can mention in a signature.
Message 16 of 24
Frequent Contributor

Re: Do you guys recommend Wells Fargo credit cards?


@DaveInAZ wrote:

@Isacking97 wrote:

I was send an offer (pre-qual) for the Visa Platinium, 21.74% APR, 0% APR for 18 months and cellphone insurance included  


Do you have bank accounts with them? If so, be wary. I have a checking account with them and got the same mailer with pre-qual code. App'd and got 'under review'. Letter arrived a week or so later with three reasons for the denial:

- You bank account balances aren't high enough (guilty, I don't trust you to keep much money with you)

- You have inquiries! (guilty as charged)

- Your bank account hasn't grown over the past year (guilty, I only opened it in January)

 

I drained the checking account last week, will close before the statement on the 18th. To answer your question: No, I don't recommend anything from Wells Fargo.


Depending on the OP's needs, I was going to suggest that they churn WF for a checking account SUB instead.

 

I know that's the reason for your WF accounts and it would be for me as well if I was in their geofence.

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Message 17 of 24
Frequent Contributor

Re: Do you guys recommend Wells Fargo credit cards?


@Isacking97 wrote:

I was send an offer (pre-qual) for the Visa Platinium, 21.74% APR, 0% APR for 18 months and cellphone insurance included  


Regarding the question in the Subject line (Do you guys recommend Wells Fargo credit cards?):

I don't think we should allow/have banks that are "too big to fail," https://en.wikipedia.org/wiki/Too_big_to_fail and I also think that banks that participated in and caused the real-estate sub-prime crisis then took the government bailout (TARP) https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Participants have an unpleasant aura. Wells Fargo is in both of those categories.

 

I'm more enthused about credit union credit cards (instead of commercial bank credit cards) these days.

Credit Scores: (FICO 8) 831 Experian September 2019, 827 TransUnion September 2019 | (FICO 9) 846 Equifax October 2019
Credit Cards (newest to oldest): NFCU VISA Platinum $25,000 | BECU Cash Back VISA $10,000 | American Express BCE $3000 | Simmons Bank VISA Platinum $7500 | Capital One No Hassle Rewards VISA Platinum $500
Message 18 of 24
Established Contributor

Re: Do you guys recommend Wells Fargo credit cards?

couple month ago went throught a lot trouble get my propel AMEX approved with 840 score w/o prior relationship, no problem using the card all over the world.

 

still have a question about PC

 

Do they HP and set up a new account? that's not a PC, why anyone want do that by losing SUB

 

Do they NO HP just set up a new account, thus shorten AAoA and AoYA?

 

DO they HP and keep old account history?

EX810 1HP|TU799 1HP| EQ(Fico8 BankCard)838
Message 19 of 24
New Contributor

Re: Do you guys recommend Wells Fargo credit cards?

Never had a problem with them in many many years. Only recently (~5 years) have I had credit accounts with them. And still never have had a problem.

To answer the PC questions a few had, yes they can PC you. I PC'd a Platinum to the Cash Wise. No hard pull however the Platinum was completely closed and a brand new account opened. No back dating of history either to the opening date of the original Platinum. Also, I wish they would add a luv button online. Would be nice to not have to call in for a chance at a CLI.

For me, the Propel and Cash Wise combine to make a no annual fee version of the Sapphire Preferred and Freedom Unlimited combo. I know there's no travel partners with WF but you still get decent travel protections and cell phone protection too.

Was never a victim of the random accounts, random fees, random insurance policies.

Everything has an outlier. Guess I'm on the positive end lol.
Message 20 of 24
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