What are the Wells Fargo Platinum requirements for approval?

The Wells Fargo Platinum credit card limit was at least $1,000. It was also possible for someone to start with a credit limit well over $1,000, depending on various factors like their credit score and income. However, the Wells Fargo Platinum is no longer available for new applicants.

How to increase your Wells Fargo Platinum credit limit:... read full answer

If you already have a Wells Fargo Platinum, you can ask for a credit limit increase by calling customer service at (800) 642-4720. Your odds of approval are highest if you pay your monthly bills on time and keep your credit utilization low. Wells Fargo may also grant automatic credit line increases to select eligible customers, but there is no way of knowing for sure whether you’ll be among them.

Alternatively, if you want to get another Wells Fargo credit card, you can ask customer service to shift some of your existing credit to the new card. You can’t move your entire credit line, though, just an amount above the original account’s minimum credit limit.

Alternative Credit Card Option

While Wells Fargo Platinum is no longer an option, the Wells Fargo Reflect provides a great alternative. This card also offers a minimum credit limit of $1,000 to all applicants who get approved.

Plus, the card offers an introductory APR of 0% for up to 21 months from account opening on both new purchases and balance transfers (subject to a fee of 3% intro for 120 days, then up to 5% (min $5)). This card’s regular APR is 17.49% - 29.49% Variable. There’s also a $0 annual fee.

Wells Fargo credit card requirements include having a credit score of 700+ (for most cards) and providing standard personal information such as your name, address, and date of birth. A Social Security Number (SSN) or an Individual Tax Identification Number (ITIN) is also required, and all applicants must be 18+ years old.... read full answer

Wells Fargo Credit Card Requirements

• A credit score of 700+ (good credit) for most cards
• Physical U.S. address (no P.O. boxes)
• 18+ years old
• Social Security Number (SSN) or an Individual Tax Identification Number (ITIN)
• Other factors such as your income, debts, housing payments, and your general ability to afford credit card payments will also be taken into consideration when evaluating an application.

Wells Fargo also issues a number of retail store cards that generally have more lenient approval requirements. So, applicants with fair credit or better (a score of 640) can get approved.

If you want the best Wells Fargo credit card approval odds, make sure to pay your bills on time and try to keep your credit utilization around 30%. And keep in mind that an application will trigger a hard inquiry which may temporarily cause a dip in your credit score. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000. More specifically, the Wells Fargo Active Cash® Card, the Wells Fargo Reflect, and the Wells Fargo Autograph℠ Card offer a minimum credit limit of at least $1,000.

What you need to know about Wells Fargo credit card limits:... read full answer

• Wells Fargo starting credit limit: It’s important to remember that $1,000 is the lowest credit limit you’ll start out with if you’re approved for an account. However, you could receive a higher limit.
  
  The actual limit you’ll receive is based on your credit history, income, employment status, level of debt, and more. But you won’t know how much your credit limit will be until you’re approved. Wells Fargo does not publicly disclose its maximum credit limits.
• Credit limit increase: If you accept the initial Wells Fargo credit limit offer, you can request an increase in your credit limit after at least six months of timely payments. Also, after six months, Wells Fargo may review your account for an automatic increase.

Eligibility is based on things such as payment history and your total amount of debt. But there’s no guarantee when, or if, an automatic increase will occur. An automatic increase uses a soft inquiry, which means your credit score is not affected.

Ultimately, if you’re not a Wells Fargo loyal customer, you can check our editors’ latest picks for the best high limit credit cards on the market to weigh your options.