As a credit card issuer with high reputation, many people opt to obtain card with deposit from this bank. To use the credit card, it needs be activated first. Learning how to activate Wells Fargo secured credit card is important so you will be able to utilize the card to fulfill various purposes. There are several ways with which you can approach this task. It is easy and takes relatively short amount of time.
Features of Wells Fargo Secured Credit Card
Most people get credit card with deposit because they cannot obtain regular credit card. However, this kind of credit actually serves bigger purpose. It helps those who are having miserable credit scores. Since it makes it hard for them to obtain loan, the credit scores must be increased. Obtaining credit card with security deposit will improve credit rating over time as long as it is used sensibly. This is a common reason for people to obtain such credit card from this bank.
When you establish credit card account with deposit at this bank, you have to make initial payment of at least $300. That amount of money will be returned when the account is closed. However, if debtor bails out from paying their balance, that $300 will be seized by the bank. Your credit line will be determined by the amount of deposit that is being posted. There is an additional fee of $25 that needs to be paid annually as long as borrower is holding their credit card. After you activate Wells Fargo secured credit card, you can finally use it.
The card is usable anywhere Visa card is approved. This card can be networked to borrower’s checking account within the same bank to get Overdraft Protection. It means that borrower can utilize the card exceeding its credit line. Borrower will be charged when utilizing this service, though. It takes around three days after activation to make use of this feature.
How to Activate Wells Fargo Secured Credit Card
The first method you can do to activate Wells Fargo secured credit card is by making a call. The bank provides a toll free phone line for this function. It can be contacted at 1-877-294-6933. Prepare credit card number as well as personal information so that bank officer can process the request faster. If not through that number, you can contact phone number that is attached to the front of your credit card when it is first sent.
Those who have established savings or checking accounts will be able to do the activation online. Here are the steps do it online.
- Access http://wellsfargo.com/onlineactivation
- Click “Sign on” located on top of the homepage
- Type in existing username and password if you already have an account. If not, click “Enroll Now” to register an account
- Enter details of your credit card
- Activation is completed
In case of trouble when you activate Wells Fargo secured credit card, you can contact its customer service from Monday to Friday at 8 a.m. to 6 p.m. CT. The phone number you can call is 1-877-805-7744.