Odds of getting approved for Wells Fargo Propel or US Bank Altitude Reserve

[SFLSpotter9210]

Just out of curiousity I know I'm on a very steep climb of a mountain to get either of these. But do I have a remote chance or not a chance in heck? So Wells Fargo pulls EX and US Bank pulls TU in my area. My TU inquiries are 5 and my EX is 2. My new accounts are as follows 1/6, 5/12, 11/24. Those accounts I referenced doesn't have to be in that exact order meaning I don't need the Propel or the Alititude Reserve could be any of their respective cards they offer. I appreciate your responses in advance. Hope everyone is having a great week thus far. 

[M_Smart007]

How brave do you feel?  .. it's only a HP. (gotta weigh risk vs reward)

Keep in mind, while they may HP EX, they will probably SP EQ.

Guess I was fortunate to get my WF cards early on .. before my credit seeking kicked in

Good luck if you do apply!

[SFLSpotter9210]

I applied awhile ago better than 2 years ago for the propel and was denied that was in my full scale credit hounding time. Man your no help lol I appreciate your reply nonetheless. 

[AllZero]

From reading data points on US Bank, it appears 1/12 new accounts would be the bare minimum. Maybe a little bit more time in the garden to improve your odds at approval?

[SFLSpotter9210]

Thanks for your reply yeah I did some more research and your right. I also don't have a relationship with neither banks and that's a no go for the Alititude Reserve. I'm getting hammered with Wells Fargo marketing but, that means nothing as everyone knows. Oh well back to the garden. I got a lot of gardening to do since acquiring the USAA AMEX recently. Maybe one day if I can keep myself in the garden I can app for those banks. 

[coldfusion]

There are rumors mentioned elsewhere including reddit and DoC that the Propel will no longer accept new applicants on or around 4/19/21 which may or may not influence your decision-making process.    Either way, being 5/12 likely hurts your odds in either case especially with US Bank.

If you already have a checking and/or savings account with WF that tends to improve ones odds.

[M_Smart007]

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@coldfusion wrote:

"If you already have a checking and/or savings account with WF that tends to improve ones odds."

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Did not improve my odds for a CLI ..on the AA letter they used something to the effect of;

"You leave $100 in checking, and $20 in savings, and you expect a CLI?"

Not the exact verbage ..You get my drift.

So IMHO, having a stagnant checking/savings at WF .. actually works against you.

[coldfusion]

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@M_Smart007 wrote:

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@coldfusion wrote:

"If you already have a checking and/or savings account with WF that tends to improve ones odds."

---

Did not improve my odds for a CLI ..on the AA letter they used something to the effect of;

"You leave $100 in checking, and $20 in savings, and you expect a CLI?"

Not the exact verbage ..You get my drift.

So IMHO, having a stagnant checking/savings at WF .. actually works against you.

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OP is asking about applying for a new card, not a CLI, and a bit of research should uncover that I'm on the correct track. 

[M_Smart007]

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@coldfusion wrote:

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@M_Smart007 wrote:

---

@coldfusion wrote:

"If you already have a checking and/or savings account with WF that tends to improve ones odds."

---

Did not improve my odds for a CLI ..on the AA letter they used something to the effect of;

"You leave $100 in checking, and $20 in savings, and you expect a CLI?"

Not the exact verbage ..You get my drift.

So IMHO, having a stagnant checking/savings at WF .. actually works against you.

---

OP is asking about applying for a new card, not a CLI, and a bit of research should uncover that I'm on the correct track. 

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And this is for a application for NEW account ....

https://ficoforums.myfico.com/t5/Credit-Card-Applications/wells-fargo-credit-card-denial/m-p/6161119

[Remedios]

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@M_Smart007 wrote:

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@coldfusion wrote:

---

@M_Smart007 wrote:

---

@coldfusion wrote:

"If you already have a checking and/or savings account with WF that tends to improve ones odds."

---

Did not improve my odds for a CLI ..on the AA letter they used something to the effect of;

"You leave $100 in checking, and $20 in savings, and you expect a CLI?"

Not the exact verbage ..You get my drift.

So IMHO, having a stagnant checking/savings at WF .. actually works against you.

---

OP is asking about applying for a new card, not a CLI, and a bit of research should uncover that I'm on the correct track. 

---

And this is for a application for NEW account ....

https://ficoforums.myfico.com/t5/Credit-Card-Applications/wells-fargo-credit-card-denial/m-p/6161119

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Nothing in the post says open an account and stash $20.00

What is says is "if you already.."  indicating that if OP uses WF as their primary banking institution, they might have somewhat better chance of approval.