I did the runaround with wells as well and finally got an application for the Visa Signature Card. In the end, I decided not to apply for it because they do not have a great rewards program and it was $70 or $90 a year and they wouldn't waive it (I am also a PMA)
Originally Posted by
busterbaxter
My history with Wells is quite short (just had a PMA checking account - together with a brokerage account and 2 IRAs with them since this March). My combined balance in the PMA relationship is around 100k.
I have tried over the phone and my local Wells branch, and still couldn't get the Visa Signature card. The banker told me by pulling up my account she could only see an offer for the Platinum card. She said she couldn't just invite me for the Visa Signature card on the spot. She said the criteria are
1. annual income of 100k.
2. long history with Wells showing high spending.
I only qualify for #1, so she asks me to apply for a Visa Platinum first and "keep spending a lot" (her own words) for the next 6 months. She says this might trigger the invitation. Even though I have Visa Signature cards from other issuers, Wells won't take those into account.
In the end I find this to be too much hassle since the Wells rewards program isn't that attractive at all. I end up applying for a Cap One Platinum cashback card and got it in 1 week. I will continue my pattern of using the Citi PP Elite + Citi Diamond + Citi Professional in the US, and use the new CapOne card when travelling abroad.