@jonblaze24 wrote:Could just be particular circumstances. Had 2 buddies get starting limits of $15k+ with very low salary and very limited credit a few years back
@AverageJoesCredit wrote:
@jonblaze24 wrote:Opening up a checking account with WF to appease the wife-to-be and also so I can have access to our joint account when that time comes...does anyone have any feedback with these cards? From what I remember, I've always heard WF is pretty generous with starting limits and im hoping having an account with them will help my chances (as it did with Peoples Bank). I've been rebuilding my credit to where I am finally approaching 700, but i'm still stuck with a few smaller limit cards and would really like to expand my profile with some higher limits.
I'm wondering if I'm better off staying put for now or looking in a different direction for a CC.
Ive never heard of WF being generous with starting limits. Some people have been getting bigger limits with this new 2% cc but its not normal from all of what ive read here these last 5 years. . Im guessing the stronger your income, the possibilty if a higher sl exists but you won't know until you apply how they view your profile.
....so I guess I always thought WF was generous.
Thats pretty good. I think maybe could be related to if someone doesnt have alot of credit with other lenders maybe they want to be your main? Imo id app anyway, you might get pleasantly suprised
I think your on the right track to have a relationship beforehand. I was repeatedly turned down for cc by WF in the past. Did an app in Jan 20, was immediatly rejected. FICO was hovering around 670, util @60% (of $5K) on my only card. Couldn't help it, was financing grad classes on it and my paycheck.
Fast forward to summer and WF are sending me an invite for Active Cash every 3 weeks. FICO 705 with a CO (paid off), late payments on SL, and 6 HPs. Income is just at $100K. Pulled the trigger in Dec and was approved for $8K, 15mo 0%, 24% afterwards. Then they immediatly started with the colorful Reflex envelopes, which I'll take a hard pass on. Holding out for the opportunity to app for a travel card when it comes out. HTH.
B.
Oh, don't get me wrong, I've moved almost all of my banking away from them. Only my direct deposit is still with them. I suspect the fact that they can see my income gets factored into the underwrinting (?).
I decided that if things went south the the AC app, I would pull the plug. But apparently whoever is at the helm know seems to be serious abut changing attutudes and attracting customers. WF bought my previous (and 4 previous before them) bank, and decided not to grandfather my account, so the occasional fee charge was irksome to me.
Good luck tho.
B.
