Wells Fargo Cash Wise approval odds vary from person to person. Applicants with a credit score of 700 or higher and a steady income will have the highest Wells Fargo Cash Wise approval odds. That means applicants will need at least good credit for approval. In addition, Wells Fargo looks at applicants’ housing status, monthly housing payment, and employment status. So to have the best approval odds, applicants will need to demonstrate that they are financially responsible and have the means to afford purchases on the card.
Wells Fargo does not allow you to gauge your Wells Fargo Cash Wise approval odds by checking for pre-approval. But they might send you a pre-approved offer by mail. In that case, your odds of approval are high, however, not guaranteed.
If you haven’t received a pre-approved offer, the best way to proceed is to check your credit score. If you don’t know where you currently stand, you can check your credit score for free, right here on WalletHub. Also, having a steady income and minimal existing debts will increase your chances of approval. Ideally, you should only be using 30% or less of any other credit you already have. A utilization ratio higher than that might damage your approval odds.
The Wells Fargo Cash Wise credit score requirement is 700 or higher. Applicants generally need good credit to be approved. That doesn’t mean every single applicant with a credit score of 700+ will be accepted and everyone with a credit score under 700 will be rejected. Wells Fargo takes numerous other factors into account when determining approval, such as the applicant’s annual income, housing status and employment status. … read full answer
A person with a good credit score might be held back by a low income, and someone with a credit score slightly under 700 might be approved if they have a high income, for example. There are anecdotal reports of people getting approved for the Wells Fargo Cash Wise with credit scores in the mid-600s. But you should take these with a grain of salt. To maximize your chances of approval, you shouldn’t apply until your score is at least 700, or unless you get preapproved.
By the way, most other Wells Fargo credit cards also require good credit, aside from a few store cards. Wells Fargo used to offer a secured card for rebuilding credit but it’s no longer open to new applicants.
You can check your Wells Fargo credit card application status online or by calling (800) 967-9521. If you’re already a Wells Fargo customer, all you need is your username and password. If not, you’ll have to provide your last name, birthdate, Social Security number and the access code that Wells Fargo emailed you when you applied. If you prefer to call over checking your status online, the phone line is open 24/7.… read full answer
It should only take a few minutes to check your status and find out whether your application is approved, denied or still pending. You should get a final decision within 7 business days of applying. Approved applicants will get their card within 10 business days of approval. You can learn more below.
How to check your Wells Fargo credit card application status:
By Phone: Call (800) 967-9521 between 5:00 AM and 7:00 PM, Monday through Friday. When prompted, say, “Check the status of my application.” Then, enter your Social Security number.
Online: Use Wells Fargo’s application status webpage. You can check your status using your Wells Fargo login credentials. Or, you can use your last name, date of birth, Social Security number and an access code that Wells Fargo will email you when you first apply.
Email: Simply click “Check Your Application Status Now” in one of the emails you’ve received from Wells Fargo.
If your application is approved, your card should arrive within 10 business days of the decision being reached. However, if Wells Fargo denies your credit card application, you will receive a letter explaining why. If you believe the rationale doesn’t really apply to you, you can request reconsideration by calling (800) 869-3557. But this is a long shot.
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureau 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
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.
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.
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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.