so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees 
Would that be considered a severed relationship since i read that Wells fargo likes banking relationship. will doing this hurt my future chances for one of their more premium cards?
Would you be doing all of this with a purpose of just trying to get in with them?
@Anonymous wrote:so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees
I doubt it would make a difference... the main 'perk' of having a relationship with them (IMHO) is that you can apply for cards online; without an online account login you either have to visit a branch or app over the phone (I think they take apps over the phone?).
If it helps any, I have an old WF checking account that I use for the occasional cash deposit, and the way I get the fee waived is by sending myself $500 from my primary checking account over at USAA (WF "sees" the transfer as a direct deposit). I then simply transfer the money back, or I use WF's bill pay to knock out a couple of smaller bills. It's an extra step each month, but it allows me to hang on to an old deposit account without paying any fees. 
@UncleB wrote:
@Anonymous wrote:so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees
I doubt it would make a difference... the main 'perk' of having a relationship with them (IMHO) is that you can apply for cards online; without an online account login you either have to visit a branch or app over the phone (I think they take apps over the phone?).
If it helps any, I have an old WF checking account that I use for the occasional cash deposit, and the way I get the fee waived is by sending myself $500 from my primary checking account over at USAA (WF "sees" the transfer as a direct deposit). I then simply transfer the money back, or I use WF's bill pay to knock out a couple of smaller bills. It's an extra step each month, but it allows me to hang on to an old deposit account without paying any fees.
Ahh. that is very smart. too bad i dont have usaa (
@Anonymous wrote:
@UncleB wrote:
@Anonymous wrote:so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees
I doubt it would make a difference... the main 'perk' of having a relationship with them (IMHO) is that you can apply for cards online; without an online account login you either have to visit a branch or app over the phone (I think they take apps over the phone?).
If it helps any, I have an old WF checking account that I use for the occasional cash deposit, and the way I get the fee waived is by sending myself $500 from my primary checking account over at USAA (WF "sees" the transfer as a direct deposit). I then simply transfer the money back, or I use WF's bill pay to knock out a couple of smaller bills. It's an extra step each month, but it allows me to hang on to an old deposit account without paying any fees.
Ahh. that is very smart. too bad i dont have usaa
If your primary bank has the ability to transfer funds to external accounts it should work the same way. 
If you dig around a little there might be other ways of triggering the direct deposit waiver as well... at one time I read of people using PayPal for this, but I'm not sure how it works specifically with WF.
Thanks a lot for all the responses!!! I will take your advice and will try it soon. 
@Anonymous wrote:so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees
If you don't have enough money to keep a minimum balance for a checking or savings account, what are you going to do once the credit card bill is due?
Not trying to be snarky, but it just doesn't sound like you'll benefit from a CC at the moment, especially since WF only allows increments of $25 for rewards to be redeemed (every $2,500 spent with their 1% card).
Wells Fargo opened my first credit card and college checking account for only a $500 minimum balance., but I'm not sure if they have that offer anymore.
I don't even use their card anymore -- just their checking to pay other credit card bills.
@Anonymous wrote:
@Anonymous wrote:so i've read that wells fargo like relationship before i can get any card. what if i opened a checking or savings, got the card i wanted (maybe the cash wise one) and then closed my checking/savings. the reason for closing either the checking or savings is because I dont have enough money at the moment to waive those monthly fees
If you don't have enough money to keep a minimum balance for a checking or savings account, what are you going to do once the credit card bill is due?
Not trying to be snarky, but it just doesn't sound like you'll benefit from a CC at the moment, especially since WF only allows increments of $25 for rewards to be redeemed (every $2,500 spent with their 1% card).
Wells Fargo opened my first credit card and college checking account for only a $500 minimum balance., but I'm not sure if they have that offer anymore.
I don't even use their card anymore -- just their checking to pay other credit card bills.
I am not an big fan of brick and mortar banks because the hoops you may have to jump thru to get fees waived. I think there are an lot better options out there if you look around. Some of the online bank like ally, cap one, or CU provide you much better value.
Also why would you want an WF credit card its probably the worst option out of any of the bank cc out there.
