What is the Wells Fargo Propel credit score requirement?

This question is about the Wells Fargo Propel American Express® card

KAREN MOROZ, Freelance Mortgage Professional

@nycKaren 03/09/20

The Wells Fargo Propel credit score requirement is 700 or higher. That is the minimum credit score an applicant typically needs to have decent approval odds for Wells Fargo Propel. Wells Fargo just says “good credit” is needed.

There are reports of users getting approved for the card with credit scores in the mid-600s, but those cases are rare. It’s better to apply with a higher score to increase the odds of success. But even then, it still won’t guarantee approval.

Wells Fargo Propel’s credit score requirement is just one factor in the application process. You’ll also need evidence of a stable income, and Wells Fargo will consider things like your monthly housing payment, how your debt compares to your income, how many credit accounts you have open, etc.

laurence_s, Member

@laurence_s 07/24/19 First posted on 08/09/18
Last reviewed on 07/24/19

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Any credit score over 700 should give you good chances for the Wells Fargo Propel credit card.

Remember that your score alone will not grant you approval no matter what. Wells Fargo will also look at your income and employment, past negatives, credit utilization ratio and number of hard inquiries placed on your credit report in the past few months.

It's always a good idea to check your credit score in advance and assess your chances. Good luck with your application!

KEYAIRA SUTTON, Puppy Lover

@keykey 03/18/20

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Propel’s credit score requirement is on par with other Wells Fargo credit cards, including the Cash Wise, Platinum and Rewards cards. Rewards cards from other issuers have similar credit requirements, too, including Capital One Savor, Amex Blue Cash Everyday and Chase Freedom.

Nixon @myrthilnixon
My question is this, I’m 724, but my credit age is 7 months, I have a Discover iT Card with a CL 1500 with on time payments & a Self Credit Builder account that’s also 7months with on time payments. Am I eligible for this card?

People also ask

How can I redeem my Wells Fargo Propel points?

You can use your Wells Fargo Propel points for travel, cash back, gift cards, or merchandise.

Wells Fargo rewards points are typically worth 1 cent each, depending on how they’re used.

You can redeem your points online or by phone.

To redeem online, log in to the Wells Fargo Rewards portal and click “Use” then, select the type of redemption you want.… read full answer

If you prefer to redeem by phone, call 1 (877) 517-1358. These two methods require you to redeem points in $25 increments if you want gift cards or cash back.

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Are Wells Fargo credit card limits high?

Wells Fargo credit card limits range from $500 for the Wells Fargo Cash Back College℠ Card to $5,000 for the Wells Fargo Visa Signature® Card. Other Wells Fargo cards fall somewhere in the middle. The Wells Fargo Cash Wise Visa® card and the Wells Fargo Platinum card offer $1,000 minimum credit limits, though some cardholders have reported receiving starting spending limits as high as $2,500 with the Wells Fargo Platinum card. The … read full answer Wells Fargo Propel American Express® card has a minimum $1,500 starting credit limit.

It’s important to remember that these are the lowest credit limits you’ll start out with if you’re approved for an account. You could receive a higher limit. And the actual limit you’ll receive is based on your credit history, income, employment status, level of debt and more. Unfortunately, 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.

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.

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