WF question

[UncleB]

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@Anonymous wrote:

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@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 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?

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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.

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Needs can vary greatly from person to person... I personally never keep much in my checking account, certainly not the $1500 required by WF to avoid their monthly fee, thus the reason I 'get around' it via the direct deposit method.

For the right person, WF cards can be a good fit.  I admit that I'm not one of those people, however I also admit we all have different wants/needs. 

[B335is]

I ft one of the Propel cards a few years ago without any sort of prior relationship. But I think as a general rule of thumb WF favors people that they're somewhat established with already.

As a side note, I had to jump through hoops to get a PC to a non-AF card with them and they absolutely refuse to give me a SP CLI.

[Anonymous]

OP, a few years ago, during a moment of weakness which may have been due to level of intoxication, WF offer of cell phone insurance looked too good to pass. I had no relationship with the bank at that time. Applied online and application went to pending. Called and was told that it is declined due to no prior relationship. Next day, went to a local branch, opened a savings account, called them on the phone to reconsider and was approved with SL of 5K. 6-7 months after that, closed the savings account, which had minimum required to keep it open; I think $300. That was 3 or so years ago. I still have the card, which has grown on SP CLIs every 6 months or so, without having any other existing banking relationship. Actually, as you said, I have a severed relationship without any ill effects.