Chip Lupo, Credit Card Writer
@CLoop
Wells Fargo will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at Wells Fargo’s discretion, and there’s no guarantee when one will occur.
How to Get an Automatic Credit Limit Increase From Wells Fargo
You don’t have to do anything for Wells Fargo to review your account for an automatic increase. However, taking the following steps will boost the odds of getting Wells Fargo to automatically increase your credit limit:
- Pay the bill on time for at least the first six months that you have the card.
- Keep your credit utilization below 30%.
- Update your account profile if your income has gone up since you applied for the card.
How a Wells Fargo Automatic Credit Limit Increase Affects Your Credit Score
A Wells Fargo automatic credit limit increase requires a soft pull of your credit, which does not affect your credit score.
Wells Fargo may offer you the option to decline the automatic credit limit increase amount and request a higher increase. If you decline and ask for a higher amount, Wells Fargo will conduct a hard pull on your credit report, but they cannot do so without your permission.
A hard pull may lead to a slight decrease in your credit score, but after a few consecutive months of timely payments, your score should bounce back. You can keep track of your progress with free daily credit score updates from WalletHub.
Popular Wells Fargo Credit Cards
-
Cash Rewards
-
0% Intro APR
-
Travel Rewards
-
Hotel Rewards
Bill Sloss, Member
@mtsloss_wm57
I held out for a full year before asking for an increase on my Autograph card. I had to consent for an Equifax HP but was granted the CLI.. This is one of my older cards and fairly new to credit.
I waited another year. Same income same residence clean record. They did a SP this time but required me to go to their nearest walk in branch and present ID to prove my identity which I did that very day. I did as directed and was granted the CLI.
On my 3 year mark I didn't think they'd give me another CLI since I already got two increases already plus I had some high balances on some of my other cards. I paid my other cards off or substantially down nonetheless.
It was last month I noticed they gave me an auto CLI which made my $3900 card into a $5500 card which surprised me. It had been 15 months since my last CLI.
In my experience I got the increase at the one year mark always PIF always on time and clear on my other cards off. My income didn't make any spectacular changes. I believe in the go low and go slow motto on certain subjects.
People also ask
How often can you request a credit line increase?
You can request a credit line increase every six months, generally. Some issuers allow requests more often, but your chances of being approved for an increase are best if you wait at least six months from when you opened your account or last requested a higher limit.
If you request an increase right after being approved for a new card, it’s unlikely that anything will have changed since the issuer made its initial decision about your credit limit....
read full answer by WalletHub, Financial CompanyDoes getting a credit limit increase affect your score?
Requesting a credit limit increase will likely trigger a hard inquiry and cause a short-term decrease in your credit score. Receiving an automatic credit limit increase (i.e. your issuer increases your credit limit without you asking) will not hurt your score. No matter how you receive a credit limit increase, it will provide long-term credit-score benefits to responsible users.
A credit limit increase will give you access to more available credit to use. As...
read full answer by WalletHub, Financial CompanyHow often does Wells Fargo increase your credit limit?
Wells Fargo will increase your credit limit no more than once every six months. This time frame applies whether you request a credit limit increase yourself or wait for Wells Fargo to offer you an automatic increase, and it’s typical for credit card companies to have a waiting period between increases.
How Often Wells Fargo Increases Credit Limits
- Automatic: It may be possible to get an increase every six months.
- ...
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.