greatname

I tried to search the answer to my question but not sure what's the better keyword... I hope someone could make a wiki post. I apologize in advance if they have been asked multiple times in the past. Here are my four questions:

1) My application went to pending today and I called what I thought was Wells Fargo UW 866-412-5956. I was told that it's pending and check back in 24-48 business hours. Is this common and does this mean anything? I opened a checking account with them last Jan or so and just kept a 1500 balance with them for the past year...

2) They seem to have 4 similar products for 5x bonus per spend within 6 months - excluding the rebate ones:

Wells Fargo Cash Back Visa® Card - 5% cash back
Wells Fargo Cash Back Visa Signature® Card - 5% cash back
Wells Fargo Rewards Visa® Card - 5X points
Wells Fargo Visa Signature® Card - 5X points with 50% bonus if redeem for airfare

Does this mean you can get one of each for total of 2 years of 5 times reward/cash back? I applied for Wells Fargo Visa Signature® Card and if I got the inferior platinum version, would I still get the 50% bonus for airfare?

3) How do you request soft pull CLI? When and how frequent?

4) For the future... can you actually merge all the reward points from different cards (Propel, Propel World, Propel 365, Rewards visa, and visa sig)? Only the points earned through visa sig gets 50%bonus airfare right or all points merged to that account (if possible) get the 50% airfare?

ajhardee

My brother applied in the bank and they gave him the wrong card. He had to cancel that card and re-apply for the "Signature" card. Finally they approved him after 2 months of fighting with the bank. Keep us posted!

cdog999

No clue. I called a banker and applied over the phone.
If you find out, let me know. I applied for
Wells Fargo Cash Back Visa Signature® Card - 5% cash back

The banker I talked with said if I applied for the
Wells Fargo Cash Back Visa® Card
that I would get the 0% APR rate for 18 months but not the 5% back for the first 6 months.

I'm sure I could get my wife to do one of these cards in 6 months, but it would be nice to know if I should just cancel my card at the end and then reapply for one of the other ones next year at this time (assuming they still don't put a cap on these cards)
I ended up with a 17K CL, so I am quite happy. WF appears to hit Transunion which happened to be my best score.

Any idea if brokers will buy WF points?

Wonko

Wow. I believe this is the longest completely useless non-answer I've ever read.

cdog999

2 quick questions for those of you experienced with this card:
1) Where on the account do you see the expiration date for the 5%? I can't seem to find that anywhere...
2) Are you able to train this card to accept >$2000 transactions? Or is it better just to split up into 2 consecutive $1000 transactions. Or is that likely to cause a FA?

lumangoy

1. go to my rewards, my activity, it'll tell you how many days you have left. I'm not sure if it'll show you the expiration date though.

2. yes you can train it to accept $2k. start slow and slowly increase. You'll most likely get a FA with 2 consecutive 1k transactions.

cdog999

Thanks. I'll try this approach.

Odd, I don't see anything about days left under Account Activity. Maybe its because I just opened this over the weekend and I haven't even received my card yet?

lumangoy

probably. Don't worry, you have a little over 6 months. Your first statement is very short, a few weeks I think after your account was opened.

Then the last date is a few days before the 7th statement.

cdog999

Thanks. Just looked again and I see it showing now. 189 days left... I'm planning on the first morning I have the card doing a 1 $500 transaction at a drug store and then 1 $1000 transaction at a grocery store. Hoping that doesn't set off the FA.

lumangoy

The FAs are easy to clear. It's just a hassle when the transaction doesn't go through.

WF's automated system usually calls right away to confirm x number of transactions. Keep that number handy (from caller id when they call you), you can call it even if they don't call you to clear the FA.

Sorry, I don't have the number anymore.

MarcoPolo88

Data Point: Friend got account shutdown after letting his card end up with a negative balance.

CWAL

Thanks

Can you clarify a few points:

1) Was this due to paying charges early?
ie. CL=10
Charges Mon=5
Charges Tue=5
On Wed, Mon charges post but not Tue charges, making 5 "available to pay". Friend paid 5 twice. Internally to WF, the balance may show negative at this point even though you have 5 more of pending charges?
On Thu, charges from Tue post and both payments of 5 post, making balance 0.

I notice MANY times online and on statements that WF has calculated that I am using more than my CL, but this is just due to how they backdate the charges from post date to trans date, and being unable to pay charges until post date..

2) How long was balance negative?

I have been sticking with the theory of never paying an amount that would, when added to my available credit, be greater than my CL, and also never paying anything that I have purchased that day (ie, pay in the morning, charges in the afternoon).

tempest347

Recently I've been having negative balances due to charges posting in 48hrs while payments post in only 24hrs. I guess it was fine in my case since this never lasted long, but i was told by a csr that if a negative balance stays then they'd warn first then shut the account down.

lumangoy

just pay from WF checking, it posts immediately and you know how much to pay thereby avoiding a negative balance.

CWAL

Good advice, but my questions are still relevant.

I've never tried it, but I think it may allow you to pay twice in one day the full posted balance of your CC, bringing you to a negative balance if you don't proceed to purchase that day to cover the overpayment.