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That's a First

May 9th, 2014 at 03:16 pm

The other day I applied for the Wells Fargo American Express. I thought it was strange when it stated my application was pending because any other time I'm approved right away. Well that is not the case this time. I called today to check the status and they told me my account had been disapproved because I've had too many inquiries over the last 24 months. I guess all of the credit card rewards are starting to take its toll. Oh well this just makes me get off my butt and close some of those accounts and stick with just one card. I guess I better start looking for snowflakes elsewhere Smile

6 Responses to “That's a First”

  1. MonkeyMama Says:

    I heard Wells Fargo was being extraordinarily picky. I don't think most the credit cards care. I had also heard they were only approving Wells customers. Just to say, I wouldn't let this discourage you from trying other rewards.

  2. Petunia 100 Says:

    My status is "pending" too, BAWW.

    Last year, my application for the Swagbucks Visa was declined, even though my FICO is right around 800. So, it happens. I have since been approved for several other rewards cards.

    However, I will keep playing the rewards sign-up bonus game. Smile

  3. Petunia 100 Says:

    You inspired me to call and check. I have been approved. I am a Wells Fargo customer, so perhaps that helped.

  4. Kiki Says:

    I am not a Wells Fargo customer but I was approved for the card. I had to call and speak with someone because I needed to change the address the card would be sent to.

    It is taking a long time to process because they have received thousands of applications and have limited staff who can approve the process (the underwriters or something?). It also is taking extra for those who were affected by the Target thing apparently. Or so the underwriter I spoke with said. She also said in a normal application process over the phone people can be approved immediately or within 2 or so hours but with the amount they have received it has not been possible to do them that quickly.

  5. creditcardfree Says:

    We were approved and are Wells Fargo mortgage customers. I think we had a denial one time in the last year. It was a bit of a surprise. I have heard that is good to only apply at most for a new card three to four times a year. I'm sure there will be another card for you!

  6. FrugalTexan75 Says:

    @Petunia 100 - When I got my Swagbucks Visa, I had to wait a bit to find out if I was approved or not. Then when I did get it, I had a very low credit limit (compared to Discover which was more than 4x the amount, and the Cap One at 2x the amount.)

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