An applicant’s Wells Fargo Propel approval odds are best if they have a credit score of at least 700, which is the start of the good credit range. Other major factors affecting the odds of approval for the Wells Fargo Propel card include the applicant’s income, how much debt they have, and whether they’ve applied for other credit recently. Wells Fargo will consider a person’s full financial profile in order to make a decision.
Unlike many other credit card companies, Wells Fargo does not offer a way for you to check your approval odds before applying. Other banks have pre-qualification tools, where you can plug in some basic personal information and find out which credit cards you have the best chances of getting approved for based on a harmless soft pull of your credit.
Although Wells Fargo hasn’t implemented such a tool, they will send out pre-approved offers by mail for the Propel card. If you receive a pre-approved offer, it means your Wells Fargo Propel approval odds are high. However, you’re still not guaranteed to get approved.
You can’t check for Wells Fargo credit card pre-approval. The only way to find out if you’ve been pre-approved for a Wells Fargo credit card is to receive an offer in the mail. If you get such an offer, it means Wells Fargo has done a soft inquiry on your credit history and determined that you’d be a good candidate for the card they mailed you about. … read full answerPre-approval doesn’t guarantee your application will be successful. But it does mean you have extremely good odds.
If you’ve received a Wells Fargo pre-approval offer, it will include a unique code. To respond, just go to the Wells Fargo credit card page, click “Respond to an Offer,” and enter your code.
And if you haven’t received a pre-approval offer, you can still estimate your chances of success before actually applying.
Here’s what you should know about Wells Fargo Credit Card pre-approval:
Wells Fargo will look at a combination of your credit history, income and other debts to determine whether to approve you for a card. You can stay on top of your credit score with WalletHub’s free daily updates.
One of the best ways to improve your chances of approval is to boost your credit score. You can do this by paying down your debt, making your monthly payments on time, and using less of your available credit. WalletHub’s personalized credit analysis will tell you exactly what to do.
If you already have a Wells Fargo credit card, credit reallocation may help you get a new one. Reallocation lets you shift some of your credit limit from an existing Wells Fargo card to a new Wells Fargo card. You can’t shift your entire credit limit, and it’s not guaranteed to get you approved for a new card, but it can’t hurt. To ask about credit re-allocation, call (800) 642-4720.
There’s no way to check for Wells Fargo credit card pre-approval. But if you know your credit score, and what type of card you want, you should be able to get a ballpark sense of your approval chances.
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