Yes, it is hard to get the Wells Fargo Active Cash® Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Wells Fargo Active Cash.
In order to get the Wells Fargo Active Cash, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need to have an SSN.
Keep in mind that even if you meet all of the requirements for the Wells Fargo Active Cash, you’re never guaranteed to be approved.
The Wells Fargo Active Cash® Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Wells Fargo Active Cash Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Wells Fargo Active Cash Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Wells Fargo Active Cash credit score requirement. You can check your credit score for free on WalletHub.
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureaus may be used when evaluating a Wells Fargo credit card application. Cardholder reports suggest the state you live in may factor into which credit bureau Wells Fargo uses when it pulls your credit report. Wells Fargo doesn't publicly disclose if it uses one of the three credit bureaus more than the others.… read full answer
Here’s what you should know about your credit report:
When you apply for a Wells Fargo credit card: During its review of an application, Wells Fargo will generate a hard "pull" or inquiry of your credit report through one of the three credit bureaus. A hard pull may have a slight negative impact on your credit report, so try not to apply for too many credit cards in a short period of time. Hard pulls may stay on your credit report for at least two years, but any negative effects tend to diminish over time.
How to access your report: You are entitled to one free report from each of the three major credit bureaus every 12 months. This will provide an opportunity to check for any incorrect or outdated information on your credit report.
How to fix errors on your credit report: If there are any discrepancies, you can dispute them by contacting the appropriate bureau directly and have it removed before you apply for a Wells Fargo credit card.
Also, checking your own credit report is known as a "soft pull". A soft pull does not affect your credit score, so you're not penalized if you need to pull multiple copies of your credit report.
You can get a Wells Fargo credit limit increase by calling customer service at (800) 642-4720. There is no option to request a Wells Fargo credit limit increase online. It’s best to not make a request until you’ve had your card for at least 6 months, and only if you’ve paid your bill on time every month.… read full answer
You don’t always have to ask for a Wells Fargo credit limit increase to get one, though. Wells Fargo will periodically review your account to see if you’re eligible for an automatic credit limit increase.
Here’s how to get a Wells Fargo credit limit increase:
Say or enter your credit card number to be connected to a representative.
Tell the representative you’d like a credit limit increase.
Answer the representative’s questions about your credit and income.
Give the representative permission to do a hard pull of your credit, if needed.
If you ask for a Wells Fargo credit limit increase, Wells Fargo may do a hard pull of your credit, which will temporarily lower your score. But they’ll sometimes do just a harmless soft pull, especially with older accounts and when Wells Fargo offers an increase without you asking for it.
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