Your credit score is one of the most important factors lenders like Wells Fargo look at when deciding whether to approve you for new credit products. But what exactly is considered a “good” credit score by Wells Fargo? In this comprehensive guide, we’ll walk through everything you need to know about credit scores and Wells Fargo’s requirements.
Before diving into Wells Fargo’s specific policies, let’s start with a quick overview of credit scores generally. Your credit score is a three-digit number ranging from 300 to 850 that is calculated based on information in your credit report. The most commonly used credit score model is the FICO Score, created by the Fair Isaac Corporation.
Your FICO Score is determined based on five main factors:
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Payment history (35% of your score): Whether you pay your bills on time. Late payments can really drag down your score.
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Amounts owed (30%): How much you owe compared to your total available credit limits, also known as your credit utilization ratio.
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Length of credit history (15%): How long you’ve had credit accounts opened. A longer history helps your score.
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New credit (10%): How many new accounts you’ve opened recently and how many recent “hard” inquiries from applications. Too many dings your score.
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Credit mix (10%): Whether you have experience managing different types of credit like credit cards, auto loans, mortgages, etc.
FICO Scores range from 300 to 850, with higher being better. In general, scores above 700 are considered good to excellent credit, while scores below 580 are viewed as poor. However, each lender sets their own credit score requirements.
What Is Considered a Good Credit Score by Wells Fargo?
Wells Fargo has not publicly stated a minimum credit score requirement across all of its lending products. However, based on customer reports, we can piece together a general guideline:
- For credit cards, you’ll typically need a minimum FICO Score of 670 for approval. 700+ is ideal.
- For personal loans and lines of credit, a score of 640 is often sufficient, with 670+ preferable.
- For auto loans, scores as low as 600 may be approved, but 670+ is recommended for the best terms.
- For mortgages, a minimum score around 620 is common, with at least 680 recommended for conventional loans. 740+ unlocks the best rates.
So in general, a FICO Score above 670 is considered “good” credit for approval with Wells Fargo But meeting the bare minimum score does not guarantee you’ll be approved or receive ideal loan terms The higher your score, the better your chances.
Wells Fargo also states that it looks at factors beyond your score when making lending decisions. Your income, existing debts, and credit history length also play a role. Pre-qualification can help give you an idea of what credit products you may be approved for.
Monitoring Your Credit Score with Wells Fargo
Checking your credit score regularly is important to ensure you maintain “good” credit with Wells Fargo.
The good news is that as a Wells Fargo customer, you have access to your FICO Score for free through their Credit Journey tool. By logging into your Wells Fargo Online account, you can view your latest score, updated monthly.
Monitoring your score through Credit Journey allows you to keep tabs on your credit health over time and catch any sudden drops that may impact your chances of approval with Wells Fargo. It’s important to check the same score source consistently for the most accurate tracking.
If you notice your score trending down, take corrective actions like paying down balances, disputing errors on your credit reports, or holding off new applications until your score rebounds. Aim to keep your score above 670, and ideally 700 or higher, to be in good shape for Wells Fargo credit products.
Tips for Improving Your Credit Score with Wells Fargo
If your credit score is currently below the “good” threshold with Wells Fargo, here are some tips to start improving it:
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Pay all bills on time. Set up autopay or reminders to avoid missed payments. Delinquencies severely hurt your score.
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Keep credit utilization low. Aim for less than 30%, and pay down balances to achieve this. Ask for credit limit increases with Wells Fargo after on-time payments.
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Avoid new credit applications temporarily. Too many hard inquiries in a short period can ding your score. Let your score rebound before applying again.
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Check for errors on your credit reports. Dispute any inaccuracies with the credit bureaus to potentially improve your score.
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Consider credit mix. Opening new installment loan accounts like auto, mortgage, or personal loans can round out your mix.
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Enroll in credit monitoring. Wells Fargo’s free Credit Journey tool allows you to monitor your TransUnion FICO Score.
With diligence and healthy credit habits, you can get your credit score into Wells Fargo’s “good” range. Monitor your progress over time as you work to improve your standing.
What to Do If You’re Denied by Wells Fargo
The worst thing you can do if denied credit by Wells Fargo is immediately reapply elsewhere. Multiple application inquiries in a short period will only further damage your credit.
Instead, take the following steps:
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Review your denial letter. It must explain the reasons you were denied credit. Identify areas needing improvement.
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Dispute any inaccurate information. If your credit reports contain errors dragging down your score, dispute them.
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Wait at least 6 months. Give yourself time to improve your credit before applying again.
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Become an authorized user. Ask a family member with good credit to add you as an authorized user to build your history.
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Get a secured card. Secured cards require a deposit but report to the credit bureaus. Use responsibly to establish positive payment history.
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Focus on credit fundamentals. Increase your score through healthy habits like low balances and on-time payments.
With time and diligent effort, you can get your credit back on track and become eligible for Wells Fargo approval. Monitor your progress through Credit Journey.
Wells Fargo Credit Cards and Scores Needed for Approval
Here is a quick rundown of some popular Wells Fargo credit cards and the recommended minimum credit scores for approval:
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Wells Fargo Active Cash Card – 670 minimum FICO Score
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Wells Fargo Cash Wise Card – 670 minimum FICO Score
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Wells Fargo Propel Card – 670 minimum FICO Score
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Wells Fargo Reflect Card – 670 minimum FICO Score
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Wells Fargo Autograph Card – 700+ recommended FICO Score
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Wells Fargo Visa Signature Card – 700+ recommended FICO Score
While meeting the minimum score does not guarantee approval, those with Very Good to Exceptional credit stands the best chance with these Wells Fargo credit cards. Aim for at least a 670 FICO to qualify for most Wells Fargo cards, and 700+ for premium rewards cards.
Summing Up Good Credit with Wells Fargo
Overall, a FICO Score of at least 670 is considered good credit for approval with Wells Fargo credit cards, auto loans, personal loans and lines of credit. Scores of 700+ qualify you for the best rates and terms.
Always check for pre-qualified offers directly from Wells Fargo to see your likelihood of approval for a given product based on your specific credit profile. Monitoring your score regularly through Wells Fargo’s Credit Journey can help you maintain good credit standing.
With responsible credit habits and diligent score monitoring, you can position yourself for approval on your next Wells Fargo application. Use the tips in this guide to build and protect your credit health for the long run.
Wells Fargo Reflect Card details
With a new Wells Fargo Reflect® Card, youll receive an amazing 21 months of 0% intro APR from the date the account is opened on purchases and balance transfers. A variable APR of 17.24%, 23.74% or 28.99% will apply once the intro APR ends. For balance transfers, there is a balance transfer fee of 5%, min: $5.
Youll also have access to other perks, such as roadside dispatch and cell phone protection. The cell phone coverage provides up to $600 per claim against theft or damage ($25 deductible; maximum two claims every 12 months).
While the Reflect Card doesnt earn rewards, if you have credit card debt or need to finance a big purchase, what you can potentially save on interest can outweigh the lack of rewards.
The average credit card APR is around 23% (for accounts accessed interest). If you have a $10,000 credit card balance you plan on paying over 21 months, this cards intro APR would save you over $2,200 in interest. Keep in mind, that the balance transfer fee would be $500 and reduce your savings to around $1,700.
Find the best credit card for you
Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase. You can also check out our list of best credit cards for alternative options.
The Wells Fargo Reflect® Card can help you save on credit card interest charges thanks to its top-tier intro-APR offer on purchases and balance transfers. But before you can take advantage of this cards money-saving features, youll need to get approved for it.
Below, CNBC Select uncovers the credit score requirement for the Wells Fargo Reflect® Card.
This card offers one of the longest introductory APR periods for purchases and balance transfers.Credit score
Good to Excellent670–850Regular APR
17.24%, 23.74% or 28.99% variable APRAnnual fee
See rates and fees. Terms apply.
The Wells Fargo Reflect® Card can help you save on interest charges thanks to its extra generous intro-APR offer on purchases and balance transfers.
- Best-in-class intro-APR for purchases and qualifying balance transfers
- No annual fee
- Cell phone insurance: up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible
- No rewards
- No welcome bonus
- High balance transfer fee
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Selects editorial staff.
- Select Learn More to take advantage of this offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 17.24%, 23.74%, or 28.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. Its an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
5%, min: $5
Wells Fargo FICO Score Review: Unlocking Your Credit Potential
FAQ
What credit score do you need for Wells Fargo?
Is it hard to get approved by Wells Fargo?
Most of Wells Fargo’s best credit cards have a credit score requirement of 670 to 850, so improving your credit is the best path to earning preapproval. Take these steps to improve your credit score and optimize your chances: Make all bill payments on time.
How to get 800 credit score?
The most significant factor in your credit score is a strong payment history, and Lending Tree found that 100% of people they surveyed with an 800 credit …May 2, 2025
How high does Wells Fargo credit limit go?
If the issuer approves your application, it will use that same information to determine the APR and your starting credit limit. The vast majority of people will start their credit journeys with a lower credit limit, around $200 to $500. But over time, the limit can reach as high as $20,000, $50,000, or even more.
What credit score does Wells Fargo offer?
Wells Fargo doesn’t clarify the recommended credit score, but the better your credit, the more appealing you’ll be to a card issuer as an applicant. To qualify for the Active Cash card, you’ll likely need a good credit score of at least 670 on the FICO Score model to qualify. Wells Fargo offers a prequalification tool.
What credit score do I need for the Wells Fargo active cash card?
The Wells Fargo Active Cash card can be a great option for earning unlimited 2% cash rewards on purchases. Those considering this card should try to maintain a good credit score of 670 or higher before applying for the best chance of approval. What credit score do I need to qualify for the Wells Fargo Active Cash Card?
Which Wells Fargo credit card is best?
Give yourself some padding between those applications to improve your odds of approval. When it comes to redeeming cash back, the Wells Fargo Active Cash® Card is best suited for Wells Fargo members with an eligible checking or savings account. If redemption flexibility is important to you, consider the Citi Double Cash® Card.
Does Wells Fargo have a 5 figure credit limit?
But, as seems to be the case with many Wells Fargo cards, this option has multiple reviews reporting being approved with credit scores between 600 and 700.A low (ish) credit score may not even be a hurdle for a five-figure credit limit, as evidenced by this reviewer’s report of getting a $15,000 credit limit with mid-600 scores.
Does Wells Fargo use FICO score 9?
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 credit score do you need for a rewards credit card?
» MORE: Credit cards that earn 2% cash back or more on purchases It’s not uncommon for rewards credit cards to require a good credit score (a FICO score of 690 or higher).