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Wells Fargo Still Doing Pre-Quals

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UncleB
Credit Mentor

Wells Fargo Still Doing Pre-Quals

A while back there was a thread on Wells Fargo doing pop-ups if you were pre-qualified for a credit card... I've not got a pop-up in a while, but I got one today.  (Even without the pop-up the same deal is available by choosing the link on your accounts page if you have an offer.)

 

At first (months ago) I was offered their Visa with a rate of 22.99% (or something like that) with a 0% promo, then a few months ago I checked and it had changed to their Propel Amex, with the same rate and promo.

 

Today I actually got the pop-up again, and they've changed my rate... it's now offering me 18.24%, with the same 15 month promo.  Still not fantastic, but at least it's moving in the right direction.  Smiley Happy

 

I'm strangely attracted to this card, but I think it's because when I first started thinking about rebuilding (and was still well over a year from being active on this site) I tried to get a Visa with them, and I was summarily denied.  Now that they are courting me it's a nice feeling... I won't lie.  However the card would serve little use, and I don't need another 0% promo right now (I already have two).

 

Perhaps in a year or two when things calm down a bit I'll give them a go (or perhaps not).  I guess it would be nice to have overdraft protection on my secondary checking account (so far they still allow that) and it would be an OK card for the 0% promo if I had no other active options.

 

Here's a screen-grab of my pop-up... I'm sharing so interested people will know they are still doing this:

 

wellsnew.jpg

Message 1 of 25
24 REPLIES 24
kdm31091
Super Contributor

Re: Wells Fargo Still Doing Pre-Quals

To me the card is really nothing special, especially compared to the other accounts you already have, but I suppose it could serve a certain purpose (overdraft protection) although that's probably not a purpose that comes up very often so may not be worth opening an account.

 

It's always nice to get a prequal, though!

Message 2 of 25
UncleB
Credit Mentor

Re: Wells Fargo Still Doing Pre-Quals


@kdm31091 wrote:

To me the card is really nothing special, especially compared to the other accounts you already have, but I suppose it could serve a certain purpose (overdraft protection) although that's probably not a purpose that comes up very often so may not be worth opening an account.

 

It's always nice to get a prequal, though!


I couldn't agree more!  Smiley Very Happy

 

My primary purpose in sharing is to let others know they are still doing it... I don't think it's right for me, though... at least not now.

 

If I ever started using my checking account with them for more than a couple of transactions a month OD protection might (?) be a consideration, but then again I've had that checking account for 10+ years now and I've been fine all this time without it... LOL.  Smiley LOL

 

In any case, I guess it is good that Wells is at least making an effort... now if they would only get some more competitive offerings! 

(I know credit cards aren't their 'thing', though...)

Message 3 of 25
northface28
Established Contributor

Re: Wells Fargo Still Doing Pre-Quals

I have a fundamental issue with this trash bag company and have terminated all accounts with them. (2 credit cards and a car loan)
BK Discharged 9/11

Cap1 Quiksilver Visa Signature $41k| Discover IT $24k| Barclays Uber VISA $16.2k|BOA Cash Rewards $8.4k| BOA BBR $6k|AMEX Cash Magnet $12.8k|AMEX BCP $16.6k|Huntington Voice $5.5k|Citi Double Cash $5.7k| US Bank Cash+ $6.5k
Message 4 of 25
Sharingan
Established Contributor

Re: Wells Fargo Still Doing Pre-Quals

I, too, have a very strong disliking for Wells Fargo. I think up to the day I closed all my accounts with them I had a preapproval for some stripped down Platinum Visa that would appear every time I would login. I guess that's all they felt a college student should have been interested in at the time. Aside from the cell phone insurance offered on their cards, I can't think of one other exceptional benefit they have.

If they had spent nearly as much time improving the reward structures and perks of their entire lineup of credit cards as they did designing the front graphics of the Propel cards, they may have been able to bring something truly remarkable to the market by now.


Message 5 of 25
Involver
Valued Contributor

Re: Wells Fargo Still Doing Pre-Quals

At least these are voluntary prequals.

 

What a horrible, horrible company.  Please do not patronize them with your business.

 

 

Message 6 of 25
UncleB
Credit Mentor

Re: Wells Fargo Still Doing Pre-Quals


@Involver wrote:

At least these are voluntary prequals.

 

What a horrible, horrible company.  Please do not patronize them with your business.

 


It's OK... I know they aren't for everybody (I personally feel the same disdain for BBVA/Compass), but for the people who might otherwise be interested I'm able to confirm the pre-qual offers are still around.  Smiley Happy

 

I do agree that they are what I would consider a 'niche' credit card company right now, with their credit card products only really being suitable for a very particular segment.  For me the main draw (really, the only draw) is that I have a checking account with them and I could use it as OD protection, but that's not something I lose sleep over in any case. 

 

As I also mentioned, it might be a good option for a 15 month 0% balance transfer if somebody found themselves without the usual options that we tend to recommend on here (not everbody can get with the 'usual suspects').

Message 7 of 25
creditguy
Valued Contributor

Re: Wells Fargo Still Doing Pre-Quals

You probably already have a card and they just haven't told you yet. Gotta love those friendly Wells Fargo bankers saving customers time by opening accounts for you while saving you the time it takes to apply. Smiley Happy

Message 8 of 25
Anonymous
Not applicable

Re: Wells Fargo Still Doing Pre-Quals

Indeed they are a horrible company, well that's true for all banks though. I'm stuck with Wells Fargo because I have set up direct payment with my employer and closing my oldest credit card would negatively affect my score. If I could close my credit card account I would close my checking and savings account. The only reason why I opened a checking account with them was because at the time, during college, I was receiving transfers and checks from a financial sponsor. In a few years when I have a good established credit with other banks I will do away with Wells Fargo.

It's stupid they still haven't offered me anything, my secured credit card is still a secured credit card after almost two years.... they never offered to increase my credit limit. Not to mention they could have taken my information to open fake accounts. I hope there's a class action lawsuit against Wells Fargo. The least they could do is apologize to their customers, but no one has reached out to me...

Message 9 of 25
UncleB
Credit Mentor

Re: Wells Fargo Still Doing Pre-Quals

hijacked.gif

 

I understand many folks have 'history' with Wells Fargo (as I previously stated, there are a couple of other banks I feel similarly about) but this thread is regarding their pre-qual offers they have for existing customers.

 

If you want to tell us about your past experience with Wells there are plenty of people who would like to hear it (and will likely agree!) but this isn't the thread for it.  You'll get more appropriate responses if you start your own thread, or add your info to another thread that was started to discuss problems at Wells Fargo... that's not the purpose of this one.

 

Thanks for understanding!

Message 10 of 25
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