Wells Fargo PMA

Discussion in 'Credit Talk' started by romanduv, Nov 1, 2001.

  1. romanduv

    romanduv Well-Known Member


    A friend of mine just opened a Wells Fargo checking PMA (Porfolio managment account). He has NO credit history, but as part of the account got a platinum visa card (only $5000 limit though). It also has a free rewards program.

    Only catch is you need to have $25,000 in your combined accounts (checking, savings, stocks, etc.).

    This is a pretty sweet deal if u have the $$$ (free everything, including interest checking, checks, bill pay etc.)

    Anyone have any experience with this type of account?
  2. anna

    anna Well-Known Member

    HELL NO!
  3. 2244y

    2244y Well-Known Member

    THat's not credit card but secure card .
  4. romanduv

    romanduv Well-Known Member

    Its not a secured card! They didn't take a security deposit, he can do whatever he wants with his money.

    anna, why the harsh reaction? Is there anything I should know about?
  5. anna

    anna Well-Known Member

    How would I have experience whith a card like that? $25000????????????
  6. lbowman

    lbowman Well-Known Member

    The only $25,000.00 I have is DEBT!!!!!! (well not really, it's 13K but close enough!!!!!!)

  7. DHK

    DHK Well-Known Member

    I know this is an old post, but I've just got to put something in the record regarding the PMA account with Wells Fargo Bank.

    There is a PMA Platinum Visa that's "included" with the PMA account ($25k+ on deposit), however, you MUST apply for it and still go through the approval process - it isn't just "handed out" as this thread may have sounded.

    I just hoped to clear this up for future reference.

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