Wells Fargo pre-qualified mailings

Winesnoblv · ‎11-26-2018

Received a pre-qualified mailing from Wells Fargo for their Cash Wise Visa Platinum card. Not sure how reliable these are. On the same day, received a pre-qualified mailing for a business line of credit with Wells Fargo. I have not banking relationship nor have I ever had any other financial instrument with Wells Fargo. I have been offered pre-qualifed business lines with both banks I work with, which I do not need. But I am interested in the credit card. Anyone reply to this offer? If so what was the result?

FICO 8 EX 784 TU 786 EQ 786
FICO 9 EX 780
AMEX - Platinum, BCP, Delta Platinum, Simply Cash Plus, Blue Business Cash (Business)
Barclay - Arrival Plus, AAdvantage Aviator
Capital One - Venture, Sparks (Business)
Chase - FU, CSP
Citi - Premier, PLOC
Discover It Miles
TD Cash Visa
US Bank Altitude Reserve
Wells Fargo Propel AMEX
PNC Points Visa
FNBO Evergreen Visa

RonM21 · ‎11-26-2018

I have received similar offers from them as well, but I don't have any accounts or business with them either.

Total CL: $321.7k

UTL: 2%

AAoA: 7.0yrs

Baddies: 0

Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

tcbofade · ‎11-26-2018

DW got that offer earlier this month... approved for $2k.

She DOES have a relationship with WF, but it's new... earlier in 2018.

No lates, no baddies, no derogatories of any kind... utilization around 42%.

Fico 8 06/01/26: EX 791, EQ 819, TU 808.
Fico 9: EX 812 04/15/25, EQ 804 04/08/25, TU 792 02/15/25.

Zero percent financing is where the devil lives...

Anonymous · ‎11-26-2018

I dont't know, I rather use a hard pull with a different bank than WF as their CCs are not that good from my perspective. The new Propel card maybe but I don't know, that's just me.

staticvoidmain · ‎11-27-2018

I've been prequalified for cash wise, and a couple of months later, the Propel. If they sent me a Propel prequal first, I would have grabbed it (I have since changed my strategy). Personally, I'd wait for the Propel. I have no banking relationship with them as well. Odds are, they would do a hard inquiry when you apply, and the prequal is in no way a guarantee of approval.

UncleB · ‎11-27-2018

@Winesnoblv wrote:
Received a pre-qualified mailing from Wells Fargo for their Cash Wise Visa Platinum card. Not sure how reliable these are. On the same day, received a pre-qualified mailing for a business line of credit with Wells Fargo. I have not banking relationship nor have I ever had any other financial instrument with Wells Fargo. I have been offered pre-qualifed business lines with both banks I work with, which I do not need. But I am interested in the credit card. Anyone reply to this offer? If so what was the result?

I used to get Cash Wise offers in the mail often, then I started getting pop-ups while logging into my WF account.

When I got an offer for a Propel I pulled the trigger, and was approved for the APR shown in the offer. There was a HP, of course.

Winesnoblv · ‎11-27-2018

Thank you for the replies. I will probably pass on the Wells Fargo mailing offers. I don't see much use in the card versus what I already have.

Also, I don't want additional HP since I want to apply for the Citi Prestige early next year.

FICO 8 EX 784 TU 786 EQ 786
FICO 9 EX 780
AMEX - Platinum, BCP, Delta Platinum, Simply Cash Plus, Blue Business Cash (Business)
Barclay - Arrival Plus, AAdvantage Aviator
Capital One - Venture, Sparks (Business)
Chase - FU, CSP
Citi - Premier, PLOC
Discover It Miles
TD Cash Visa
US Bank Altitude Reserve
Wells Fargo Propel AMEX
PNC Points Visa
FNBO Evergreen Visa

Anonymous · ‎02-19-2019

@tcbofade wrote:
DW got that offer earlier this month... approved for $2k.

She DOES have a relationship with WF, but it's new... earlier in 2018.

No lates, no baddies, no derogatories of any kind... utilization around 42%.

I'm thinking about possibly pulling the trigger on a Platinum prequal I received in the mail from WF (and I do have a checking account with them). Would you mind sharing who the HP was with? Thanks!!

Anonymous · ‎02-20-2019

Wells pulls EX.

FinStar · ‎02-20-2019

@Anonymous wrote:
Wells pulls EX.

They've also been known to pull EQ or TU, as has been shared in mutilple DPs.