What credit score is needed for a Wells Fargo Platinum Card?

Asked by: Brycen Balistreri  |  Last update: February 22, 2023
Score: 4.6/5 (35 votes)

You'll need good to excellent credit to qualify for the Wells Fargo Platinum card. This is usually defined as a credit score of 690 or better. Issuers also take into account your income, debts and other information.

What is the Wells Fargo Platinum card limit?

The Wells Fargo Platinum credit card limit was at least $1,000. However, the Wells Fargo Platinum is no longer available for new applicants, unfortunately. If you already have a Wells Fargo Platinum, you can ask for a credit limit increase by calling customer service at (800) 642-4720.

Is Wells Fargo Platinum a good card?

The Wells Fargo Platinum credit card is a very good credit card for people with good credit or better who want a long-lasting 0% introductory APR and a $0 annual fee. Wells Fargo Platinum offers 0% for 18 months on new purchases and 0% for 18 months on qualifying balance transfers – both months longer than average.

What is a good credit score for Wells Fargo?

What credit score does Wells Fargo use? Wells Fargo uses FICO credit scores to decide whether borrowers qualify for mortgages. For most Wells Fargo mortgage programs, you need a FICO score of 620 or higher to qualify.

What does platinum credit card mean Wells Fargo?

The Wells Fargo Platinum card* is a straightforward, no-frills credit card that also offers 0% interest on purchases and qualifying balance transfers for 18 months from account opening (16.49% – 24.49% variable APR thereafter).

$15,000 Wells Fargo Platinum Credit Card with Soft Pull Pre-Approval!

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How do I qualify for a Wells Fargo Platinum Card?

You'll need good to excellent credit to qualify for the Wells Fargo Platinum card. This is usually defined as a credit score of 690 or better. Issuers also take into account your income, debts and other information.

What is a FICO score 9 mean?

FICO 9 is a credit scoring model owned by the Fair Isaac Corporation (FICO), who introduced it to creditors in 2014 and consumers in 2016. As with FICO's older models, such as FICO 8, it scores your credit on a scale from 300 to 850. Your FICO 9 score indicates how likely you are to repay your debts.

Which credit bureau does Wells Fargo pull from?

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.

Does Wells Fargo do a soft credit check?

With just some basic information, Wells can use a soft inquiry (the kind that doesn't hurt your credit score) to see if you meet the qualifications for their cards. That way, you can get an idea of if you'll be approved without worrying about an impact to your score.

Is Wells Fargo credit card instant approval?

Wells Fargo does offer the possibility of instant approval on its credit cards, though. That means an applicant could receive a decision within minutes of submitting the application. After that, it takes about 7 to 10 business days for the card to arrive.

Does Wells Fargo increase credit limit?

To request a credit limit increase, call us at 1-800-642-4720.

How many credit cards should I have to build credit?

Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time. Having very few accounts can make it hard for scoring models to render a score for you.

What is the limit of a black card?

There's no credit limit

The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.

Can I upgrade my Wells Fargo Platinum Card?

Yes, you can upgrade your Wells Fargo Platinum card to a better offer as long as you've had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied.

Does Wells Fargo do a hard pull for credit card?

Wells Fargo does not do a hard pull for a credit limit increase in most cases. Wells Fargo will more than likely use a soft pull to evaluate a cardholder for a credit limit increase, whether the cardholder requests the increase or Wells Fargo offers it automatically.

What are the benefits of a Wells Fargo Platinum debit card?

What benefits does the Wells Fargo Platinum card offer?
  • Rewards rate: This card does not offer rewards.
  • Welcome offer: None.
  • Annual fee: $0.
  • Regular APR: 16.49 percent to 24.49 percent variable APR.
  • Cellphone protection: Up to $600 for repair or replacement of your phone, minus a $25 deductible.

Does Wells Fargo have prequalified?

You can only get a Wells Fargo credit card pre-approval in the mail, or if you're already a client, you can sign in to your online account and click on the Products & Offers tab to see any pre-qualifications you might have.

What is a good FICO score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Does Wells Fargo use FICO or Vantage?

While Wells Fargo uses FICO® Score 9 for some credit decisions, there are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, but different lenders (such as auto lenders and credit card lenders) may use different versions of FICO® Scores.

What would a FICO score of 810 be considered?

Your 810 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

Why is my FICO score higher than my credit score?

When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score difference.

Is Creditkarma accurate?

The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. This means a couple of things: The scores we provide are actual credit scores pulled from two of the major consumer credit bureaus, not just estimates of your credit rating.

How do you get a 900 credit score?

7 ways to achieve a perfect credit score
  1. Maintain a consistent payment history. ...
  2. Monitor your credit score regularly. ...
  3. Keep old accounts open and use them sporadically. ...
  4. Report your on-time rent and utility payments. ...
  5. Increase your credit limit when possible. ...
  6. Avoid maxing out your credit cards. ...
  7. Balance your credit utilization.

Is a credit score of 640 good?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 640 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

What is the difference between a Wells Fargo gold and Platinum debit card?

Platinum cards give higher minimum credit limits than gold cards, which can be a bonus if you spend a lot on credit and can responsibly manage your credit card payments. Platinum cards charge higher annual fees than gold cards offered by the same provider.