Friday, January 23, 2009

WaMu Cardholders Won't Be Orphaned: Can Convert And Combine Existing WaMu Cards With Chase In March


After Chase takes full control of WaMu credit-card accounts in March, WaMu cardholders who also have Chase cards will be able to combine their limits, according to sources with knowledge of the situation. I was able to confirm this with several customer-service representatives at Chase. Additionally, I've also confirmed that WaMu cardholders, who don't have a Chase card, will be able to convert their WaMu cards into other Chase cards.

The only catch, according to one source, is that one of the credit cards cannot have a balance on it. Thus, if you have a Chase Freedom card, with a balance, and a WaMu Platinum MasterCard with no balance, you'll be able to move your WaMu credit limit over to your preexisting Chase card.

A hypothetical situation would look like this: You have a $10,000 limit WaMu card with no balance. You also have a Chase card with a $15,000 limit. If your WaMu card doesn't have a balance, you can move the WaMu limit over to your Chase card, which would turn into a $25,000 Chase card. At that point, you would close your WaMu card, which would leave you with a single card. If there were balances on both cards, a combination would not be allowed.

Update: as of March 9, 2009, you can now combine and convert your old WaMu cards. See the story here (link).


In addition to the credit-limit combinations, WaMu cardholders who do not have preexisting Chase cards will be able to convert their WaMu cards into a Chase card. For example, if you have a WaMu Platinum card (or an ESPN card) you'd be able to convert it into a Chase Freedom card. All WaMu cards that are brought into the Chase fold will be eligible for consolidation and conversion.

After a number of recent setbacks (FICO being discontinued -- link here -- and WaMu's secured card getting the ax, link here), this is good news. Many WaMu customers worried that they'd be treated like second-class citizens once their WaMu cards were transitioned over to Chase. Since customers will be able to combine their cards, WaMu customers won't have to worry about being treated like orphans.

It's expected that cardholders will be able to start combining and converting their WaMu cards as soon as March 9, 2009.

Related Articles:

  • It's Now Official: WaMu FICO Score Is Dead

  • JPMorgan Chase To Drop Secured Card Despite Favorable Trends

  • WaMu Card Customers: Conversion To Chase Credit Card Coming Soon

  • WaMu Secured Card First Casualty In JPMorgan Chase Acquisition
  • 254 comments:

    1. I'll be the first to say that this is great news. I will immediately combine my cards.

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    2. By the way, given this news, I think you can see why there is little chance that FICO will be retained. Many WaMu cardholders are going to convert to Chase cards immediately, I would imagine. Unless Chase provides FICO scores for all of its cardholders, I believe FICO is dead -- for good.

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    3. Yep, wonderful news. My WaMu Platinum will be swallowed by my Freedom card.

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    4. Amen, James. Same here. My Freedom card eagerly awaits the WaMu minnow.

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    5. By the way, this news goes for all WaMu cards: platinum Mastercard, ESPN, etc. Any WaMu card that Chase brings over will be eligible for conversion and limit consolidation.

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    6. Sweetness!

      I recall the Chase card conversion process was largely painless (when I converted my dad's AOL Visa to Chase Freedom)

      If Chase pays out my accumulated WaMu Cash Rebates immediately, then I'll convert my card to the Freedom immediately. If not, I'll stick along long enough to cash out on my rewards, then convert.

      Thanks for helping to make this transition pretty seamless Marcus!

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    7. Azntg, I'd like to think that I owned this story from beginning to end. It was nice putting my reporting hat on. I'm glad that I could keep my readers in front of this story.

      Regarding your rewards, this comes from Chase:

      What will happen to my WaMu rewards card and the points I've earned? How will I redeem points on Chase Online?

      Beginning March 4, your WaMu rewards will transfer to Chase Flexible Rewards, and appear as "Flexible Rewards" on your statement and on Chase Online. Here's how your rewards will be converted:

      * If you were enrolled in Real Rewards, Premium Points or any other points program, then 1 WaMu rewards point will equal 1 Chase Flexible Rewards point.
      * If you were enrolled in Cash Rewards, Cash Rebate or any other cash back program, then $1 of your existing WaMu rewards will equal 100 Chase Flexible Rewards points.

      If you would like to redeem within your existing WaMu rewards program, please do so by February 27. After your points transfer, they'll appear on Chase Online with your first statement cycle after March 9, when you can begin to redeem your points. In the meantime, you'll be able to see the full Chase Flexible Rewards catalog by logging on to chase.com/rewards. You can redeem points for travel, gift cards, merchandise, statement credit or even cash back.

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    8. In other words, if you don't want to deal with Chase, you can deal with WaMu until February 27.

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    9. Can't redeem with WaMu. The conditions state that I will be sent a check on the anniversary date (which will happen long after Chase has taken over the account).

      Of course, that doesn't mean that I'll feign ignorance and try asking anyway ;)

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    10. That's right. I remember that. WaMu only allows you to redeem once a year (on your anniversary).

      And I know you'll try!

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    11. Woo hoo! If I can combine my WaMu and Chase limits, I'll have 21K. It'll be my first card to break 20K.

      I've never combined accounts before though. Does one account close in order to move the limit to the other account? How does this affect the history and age of accounts?

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    12. Xelda, here is how it works.

      If you have a WaMu card -- and no Chase card -- your WaMu card that gets converted will retain its history. This is the easiest scenario. If your WaMu card was 3 years old, your new Chase card will report as 3 years old.

      Now, where it gets tricky is when you have an older WaMu card and a younger Chase card. If you take the older WaMu card and merge it with the Chase card (and allow the Chase card to be the survivor), you'll be closing the older card and allowing the younger card to survive. Down the road, your older card will fall off your credit report. Still, the older (closed) card stays on your report for about 10 years, so it's really not that big of a deal.

      Remember: even closed cards age. And they are counted in the age calculation for FICO-scoring purposes.

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    13. I've had my WAMU card since 2000, but my 2 Chase cards only since 2008. I hate to lose that history. My Chase/Amazon card has a 25k limit, and my other Chase card has a 5k limit. Am I allowed to choose which card I merge? What happens if I do nothing?

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    14. Is it possible to get Chase to carry over the age of the WaMu account (if its older) to the new Chase card? Amex does it.

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    15. Credit Matters:

      re: Xelda's case.

      My Chase card shows, "Since 1997" even though the card was originally FirstUSA. That is also reflected in my EX report.

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    16. Vibe, that is exactly what I would expect. Your card simply retained its history through the various mergers.

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    17. Sean, if the WaMu card is not being merged with another card, it will retain its age.

      Historically, most card issuers do not do what Amex does. There is no backdating for age. With Amex, all cards get the age of the oldest Amex card. Not so with most card issuers.

      So, if you take an old card, and merge it with a new card (allowing the newer card to remain open), you're going to end up closing that old card. The card that survives will be the younger card. And that's the history that you get to leave open.

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    18. I had two FirstUSA cards.

      When Chase took over, they both became Chase cards.

      In 2008, I combined both of them, taking the older (1997) card.

      I noticed in my EX report, the 1998 card now shows $0 CL, but it also shows a high balance. (It had $0 balance when it was combined.)

      Any idea how that would impact me in any way? I am aware of Capital One's old practice of not reporting CLs.

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    19. John, as far as I know, there won't be restrictions on card conversions (you should be able to convert into any card that is in the same category as your WaMu card). But I would be surprised if we can take our WaMu cards and convert them into Chase Signature cards. See what I mean?

      Here's what I am thinking. You take your WaMu card and you simply convert it into a Chase card. It will retain the age of your WaMu card. Then, you take the newer Chase card (2008) and combine it with your 2000 Chase card (which used to be the WaMu card). That way you retain the age of your old WaMu card but you have Chase plastic.

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    20. Is that 1998 card now closed, V? If it is, it's irrelevant to anything other than age. If that 1998 card is still open, FICO looks first to the limit. Then it goes to high balance.

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    21. That 1998 card is closed, yep.

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    22. FICO ignores that 1998 card in every way but age calculation. No worries.

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    23. On merge date, I will once again have 2 Chase cards! LOL!

      (For those who don't know, I have a WaMu card.)

      If I count my eggs right and combine them, I would have a 55k card! That would be my highest CL card.

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    24. And I won't be surprised to see Chase trim some limits when the conversions and combinations are done. Something to look out for.

      No proof of it. Just a hunch.

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    25. This is good news, CM. Thanks for the info. I can finally combine my pathetic WAMU card into a Chase card and put it to rest.

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    26. I imagine that we're in the same boat, LBCS. My WaMu limit is relatively small. It will be nice to have a combined limit that is decent.

      Will be nice to put this WaMu card to bed.

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    27. Yeah, CM. The CLDs (Credit Line Decrease) is a sobering thought.

      In my case, I see no need for such a high CL. But still...

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    28. Oh, what about APR?

      My WaMu card is currently fixed at 7.99%

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    29. I am told that the new rates will be a minimum of 10.24%, V. Let me know if you get a lower rate.

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    30. Sure thing, Boss.

      Of course, I would not expect that Chase will keep it at current APR.

      It wouldn't hurt me either, but still...!

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    31. What this means for my household:

      I will be canceling my ESPN card as soon as Chase cancels PFico as I want nothing to do with Chase.

      DW's WaMu card will quickly be converted to a Chase Freedom card. She has no issues with Chase.

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    32. So I wonder what happens (plastic wise) if you do nothing. Originally we were told we'd get our new card when your old one expired.

      The reason I wonder about this is I have read that Chase is going to excellerate the conversion due to WaMu's payment network being somehow involved in the recent security breach.

      I will, of course, convert my cards as soon as possible. I'm just wondering if this is further proof of the breach/WaMu rumor.

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    33. I'm trying to figure out if there's any real benefit to me in combining cards. I only have 3 open accounts right now after going through bankruptcy 4 years ago: a WaMu Platinum, a Chase, and a Household Bank card. The WaMu account has by far the highest credit limit.

      I'm thinking (perhaps incorrectly) that I'd rather have 3 open accounts reporting to credit agencies, as opposed to combining Chase and WaMu cards. What am I missing here?

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    34. Anon, in your particular case, it might make more sense to allow all of the cards to remain separate. Shows that you can have multiple lines open and handle them responsibly.

      If I was in your position, I'd likely be thinking just like you.

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    35. Clutch, I have not heard that (about the acceleration regarding the breach). Let me ask around.

      Will get back to you.

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    36. CM, have you heard anything about the Providian affinity cards yet? Will those organizations switch their programs to Chase, will the programs just be discontinued etc.? I still have not gotten a letter for mine.

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    37. lol... Boy did I get that word wrong (excellerate). It didn't look right when I typed it, but I was too lazy to check it.

      Can you suggest a good IE spell-checker?

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    38. Clutch, I was in the junior high Spelling Bee contest. I usually don't have to spell check. But when I do, I go to dictionary.com. I don't have an IE add-on to suggest. One of my readers probably does, though.

      Maybe one of them will chime in.

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    39. Ulysses, as I previously wrote, Providian cardholders are going to have the tougher road. Chase is concerned about the credit quality of the overall portfolio, so cardholders are being subjected to a more rigorous review process.

      For now, it's my understanding that Providian cardholders are being brought over on a case-by-case basis.

      That's the best information I have right now.

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    40. Both of my Providian cards are from the WaMu era. I've already been told that they're both being converted, but have only received a letter for the Platinum one. I was wondering if Chase will be taking on the affinity organizations' programs (HRC, DNC etc.) or if they will just end up as generic Chase cards now. Sorry for the confusion.

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    41. Oh, sorry about that, Ulysses. I don't know the answer to that question.

      In my household, there were three WaMu cards (two platinum mastercards and an ESPN card). All three were brought over to Chase. All three cards have received letters.

      I do know this: letters are still going out.

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    42. CM, if you could get a little birdie to tweet (not in the Twitter sense... LOL) about the status of the affinity programs, that would be great. :-)

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    43. Ulysses, for you? No problem.

      Also, would you mind sending me a link to one of these so-called affinity cards? I'd like to see what they look like.

      Thanks.

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    44. So what rate will they be using? Chase just upped my high rate MyPoints WaMu card to 24.24% and my Chase is 8.9%.

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    45. Anon, it's common practice to retain the APR on the card that you leave open.

      If you leave the Chase card open, you should keep the 8.9% rate.

      That said, I don't know for sure on the Chase situation. Not sure if they've got other rules in mind.

      But generally speaking, my comment above stands. The card that you allow to remain open is the card that rules.

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    46. Thank you. :-)

      The links are dead. HRC has, perhaps tellingly, removed the card info from the "Ways to Support HRC" page, but the dead link remains on the side of the page. FWIW, mine is a DNC card and it's a simple American flag design with "The Democratic Party" across the top.

      I wonder if Providian would know... I'll call.

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    47. I like the Points with MyPoints.com and they said Chase is taking over their card, I use it and pay it up every month just to earn points. So I can leave both open. be nice to have the MyPoints card go down to Chase's rate. Have to wait and see.

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    48. All of the points are being converted over to Chase Flexible Rewards points. So, even if you keep both open, they'll be accruing Chase points from then on.

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    49. They have no idea, of course. And she said for now the reps have been instructed that they're still "retaining their original brands." Uh, OK...

      Also, my letter for this card went out on Jan. 12th, and she was able to tell me that my APR is going up from 11.99 to 12.24.

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    50. MyPoints.com gives you a point on your card for every dollar spent & you go to their website & redeem them for gift cards at various merchants. I got $400 at Kohl's last year, $100 at Target, $250 at Sears and $200 at Walmart. It's different from Chase rewards. When I emailed MyPoints they just said Chase would be handling their card. hope it stays the same.

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    51. So the Providian CSR said that the cards would retain the branding? Chase, she would argue, is keeping these affinity cards? Uh, OK. :)

      I'll see what I can find out.

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    52. Anon, sounds like a great program (the mypoints.com one).

      My guess is that you're going to lose mypoints access. You'll be rolled into the Chase Rewards program instead. From what I can tell, you'll be shopping out of the Chase Rewards catalog beginning in March.

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    53. She didn't have a clue. It really is shocking how little these poor reps are told--and how polite they remain--considering how many people must be asking these questions. She laughed and said she didn't know anything because she wasn't in the boardroom.

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    54. Should have told her to come to CreditMattersBlog.com. She can stay up to date with her company by reading it here first. Haha.

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    55. She asked me if I had any more questions and I said "a thousand, but I doubt you'd be able to answer them..." She laughed and agreed, then I said "I guess you guys are always the second to last to know," to which she laughed again and said "no, you'll probably know before we do!"

      I may be oversimplifying things, but it would seem all the things we're discussing here should have been thought of and addressed by Chase and WaMu FIRST.

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    56. I already have the Chase Rewards and not that great of deals. I'm gonna remain optimistic. I don't know if MyPoints contracts with the cc company or what, but I'm hoping it does stay with MyPoints. I'll keep you posted if I find out for sure. :)

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    57. Ulysses, I would imagine that this stuff has been thought through. But the employees haven't been told about it yet. They're always the last to know. Chase wants to release the information according to its timetable -- not ours. That's the biggest problem.

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    58. Anon, thanks. Do that. I hope you're right. Sounds like you're happy with the mypoints structure.

      Thanks for reading and contributing.

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    59. Looks like I have some planing to do.
      Card, Open, APR, CL
      WAMU Visa- 9/05 16.74 $3K
      WAMU MC - 2/08 10.99 $5K
      Chase Perfect 10/08 13.24 $4.2K

      I PIF (most of the time)- so APR is not a HUGE issue-

      I do want to reduce the number of open accounts- what would you do?

      Timothyphx1- still working on setting up an account.

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    60. Timothy, my FICO guru, here's how I would play it.

      I would convert that WaMu Visa (opened 9/05) and turn it into a Chase card. Then I would take the WaMu MC (opened 2/08) and combine it with the WaMu Visa (which would be a Chase card already). You'd close the WaMu MC and allow the converted WaMu Visa to survive. You'd have an $8K line and it would show that the card was opened in 9/05.

      Because it's me, I would then merge that Chase Perfect card (opened 10/08) into the card that was opened in 9/05.

      The end result is that you'd have a single Chase card (history back to 9/05) and you would have closed the WaMu MC and the Chase Perfect card.

      That's me.

      However, you're gonna help me with something. Give me the rule of thumb on maximizing FICO. Should you keep a card open for a specific period of time before closing it? I don't think the impact is great enough to worry about it -- especially since the closed cards will age.

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    61. TheVibeRAIDER said...
      On merge date, I will once again have 2 Chase cards! LOL!

      (For those who don't know, I have a WaMu card.)

      If I count my eggs right and combine them, I would have a 55k card! That would be my highest CL card.

      TheVibeRAIDER- be aware that revolving CL's over $40K are ignored in Utilization calulations in FICO-

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    62. Tim, shoot me an email at plastic101@gmail.com if you have the time.

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    63. Ok I have a quick question that probably has been answered already, but I'm too slow of a reader....I have an ESPN card. If I do nothing, will my card automatically be changed into a WAMU Freedom card? I ask because I did nothing with Citibank when they got rid of Upromise card to BOA and Citi changed my card into a CashReturns card.

      Thank you.

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    64. Anon, not sure what happens if you do nothing.

      Initially, you will keep your Wamu plastic until the card expires. Then you will be issued Chase plastic. Not sure what the comparable Chase card is for the ESPN card you have.

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    65. Thanks for your response CM. I just hate to rock the boat by having them peer into my account. I would rather let sleeping dogs lie for now! :( Not that I have derogatory information; I just have a nice CL that I would like to keep! :)

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    66. OK, I received the letter for my second account. Identical to the first letter, nothing account-specific, and no reference to the affinity aspect of the card. APR change as disclosed by the CSR.

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    67. Ulysses, so it looks as though you are moving over. Nice.

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    68. I should mention here that I got my Chase conversion letter today.

      Chase did ratejack me (though not as badly as some people have reported) and the fees were raised modestly. All of them are moot for me, except in cases of catastrophic accidents.

      My new purchase APR is Prime + 6.99% (was previously Prime + 1.74%, but no less than 9.99%)

      Some changes in the terms and conditions that caught my eye:

      1) Forex fee will increase to 3% - with Washington Mutual, it was a modest 1%. Guess this card won't be used for international purchases.

      2) No arbitration opt-out clause - Washington Mutual allowed you to opt-out of the binding arbitration clause if you mailed them at the address written on the T&C. Let's face it... I'm no litigious person, but I'd would like to keep my 7th as intact as possible if I ever have to do some shoving.

      3) Chase can at their discretion: "...increase, reduce or cancel [my] credit line, or the cash advance portion of [my] credit line, at any time." - This clause wasn't explicitly mentioned on the original WaMu Agreement (although it was implied at other sections). Um... nice and warm fuzzies, Chase?

      Guess it's now official. My maternal grandfather, my father and now myself hold credit card accounts with Chase because our original credit issuing banks were acquired by Chase or rebranded to Chase.

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    69. CM, here's a link (obviously outdated now) as requested, that shows my affinity card:

      http://www.financeglobe.com/Finance/card571.php

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    70. How long to leave an account open. My answer your question is simple, on revolving accounts is does not make a difference. The Average age is already calculated in open or closed, the only thing that closing an account "early on" is you already took the INQ hit and the Credit line will no longer be counted in utilization (if it has a zero balance) and of course most of the CRA's keep this closed account on for 10 years.

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    71. I received my letter today for my oldest WAMU account. APR will be 13.99 plus prime WOWZER.

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    72. Azntg, when I wrote that story about FICO officially being dead, the screen shot showed that forex was going to 3%. One of my readers contacted WaMu to ask about it. That's how I got that information.

      As for the rest of the stuff, not surprised by any of it. It's Chase.

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    73. Tim, lovely. I guess that's not a card you'll carry a balance on.

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    74. Ulysses, thanks for the link. But you said you got a letter today saying that your affinity card is moving to Chase, right?

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    75. Tim, so at the end of the day, there is no magic number that we need to worry about. It doesn't matter if we leave something open for 4 months or two years.

      That's what I figured but I had heard different things along the way. Just wanted to get an answer once and for all.

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    76. Ulysses, I just saw the affinity card you were talking. It reads as though it's really a platinum visa card. I would have been shocked if that card was NOT converted.

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    77. CM, yes. You asked for a link earlier so you could see the card, didn't you?

      I got letters for both cards, which are both post-WaMu Providian cards, although the regular platinum card was converted to WaMu plastic when it expired in November. The affinity DNC card, still Providian-branded, expires in 11/09, and I'm guessing that also would have converted to WaMu plastic.

      I'm really just wondering if my DNC card will still be a DNC card once the transition happens. I would not have applied for the second card with them if not for that affinity aspect.

      Do you know if I'd be able to convert my WaMu Platinum into a Chase Amazon card, or just a standard Chase card?

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    78. Oops, sorry for the overlap.

      Yes, it is a Platinum Visa, but your cash rebates are donated to the organization.

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    79. Yep. And seeing it helped me understand why the card should move to Chase.

      At this point, I don't know of any restrictions for card conversions. I would think that the same restrictions that apply with Chase cards will apply here. For example, you can't convert a non signature card into a signature card. Stuff like that. But as long as you have a card in the same category, you should be fine.

      I don't know if a WaMu platinum card is in the same category as the Chase Amazon card. Customer-service reps at Chase should now be able to help you with questions like that. I think Chase supervisors have informed the reps.

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    80. Oh, and as far as the DNC card staying a DNC card, that would surprise me. Chase doesn't have that card. I doubt your DNC card will live beyond its expiration date.

      Just a guess, though.

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    81. My WaMu Platinum has (well, HAD) better terms than the Amazon card. It was 8.99%, cashback, and $10,500 limit. Actually I'm not sure if I'd want to convert to the Amazon card if I had to accept its terms (16.24-19.24%!!!)

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    82. I wonder if Chase is negotiating with those partners to continue issuing their affinity cards.

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    83. Your platinum card had good terms. Mine was 9.99%. It's now 10.24% with the changeover.

      Most rewards cards have high interest rates. Not cards anyone would want to keep a balance on. Therefore, APRs largely become irrelevant.

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    84. Ulysses, it's difficult to know. And I never inquired. Chase has a lot of cards already. But it wouldn't surprise me if they negotiated for something they wanted to retain through WaMu. I just wouldn't count on it.

      Kind of like FICO. We expected the worst and hoped for the best.

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    85. Not to get political, but is there such a thing as a WaMu RNC card? I have never seen it. Is WaMu not fair and balanced?

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    86. No problem with politics here, Clutch. I don't have a rule regarding politics.

      Good question, though. Was there a republican version at WaMu?

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    87. I never checked for one... ;-)

      It's not that WaMu/Providian just decides to issue cards for organizations they personally like. It's the other way around. The organizations want to provide cards, so they find someone to issue them. There probably is an RNC card somewhere, issued by whoever they negotiated a deal with.

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    88. That's true. I wonder if there is an RNC card some place.

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    89. hahaha, you can't make this sh*t up...

      http://www.filife.com/reviews/chase-republican-victory-fund-credit-card

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    90. I don't think the card is available any longer. I just checked out Chase's Web site. Can't find it.

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    91. Here is the cached version of the card on Chase's site:

      http://209.85.173.132/search?q=cache:Qtmtplw7xvkJ:www.firstusa.com/cgi-bin/webcgi/webserve.cgi%3Fpartner_dir_name%3Dcac_republican_victory_fund%26page%3Dindex+republican+victory+credit+card&hl=en&ct=clnk&cd=2&gl=us&client=firefox-a

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    92. I had a Chase card, but closed it when I got hit with universal default. It does have a balance on it, but I'm paying it off at the old rate.

      I also have a WaMu card with no balance and got the transition letter you talked about.

      What is likely to happen to me? Will Chase close the Wamu card? Open the old Chase card back up and combine?

      I know you've no crystal ball, but I'd like your opinion.

      Thanks

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    93. Chase usually pulls a hard if you want to combine Chase cards. Are they going to pass on the pull for the Wamu combo?

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    94. Anon, great question about the pull. I wasn't aware that they did a pull for a combo. That's a terrible policy. I only have a single Chase card right now. If they do a hard pull for a combo, I'll pass. Not letting them pull so that they can combine my limits.

      I'll find out about this, though.

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    95. Anon, my guess is that your WaMu card turns into a Chase card. Your old Chase card will continue to be closed and you'll pay it off at your old rate. I think these are independent things. Nothing has to do with the other.

      That's my guess.

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    96. Anon, I talked to Chase this morning. Talked to several people actually.

      Here is the policy regarding combinations. You can't combine cards that have a balance. But if the card that you want to combine (and close) has no balance, you won't have a problem. Also, there are NO hard pulls for combining limits.

      I got that answer from three different people. If someone pulled your credit in the past, it was an anomaly.

      That said, I will be all over Chase during the conversion and combination period if it starts happening. I am sure my readers will let me know if Chase is doing anything unusual.

      So, to recap: no hard pulls to combine.

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    97. Lame. I wanted to be comment #100. Well, 101 will have to suffice :D

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    98. If it's any consolation, I love highway 101 (up the California coast). :)

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    99. Hmmm...since I am living in a freezing valley no - it is no consolation.

      Now, if you want to send me on a trip down highway 101, I might forgive you. But I also might require the use of a certain snazzy car....just saying :)

      ReplyDelete
    100. Haha. We'll meet one of these days. You're a hoot.

      ReplyDelete
    101. I think I'd like to turn mine into either a freedom or Southwest. Thanks for the info kiddo!
      cocomad

      ReplyDelete
    102. Coco, thanks for stopping by. Miss seeing your face on a regular basis.

      ReplyDelete
    103. Well as long as I am a hoot LOL. I think that might be the first time I was called that. I have been called a lot of things in my day (makes me sound old, doesn't it?) but never a hoot.

      Kiddo...wow...

      ReplyDelete
    104. Lion, as you can tell, I know my readers. Some call me kiddo while others call me less flattering things. Haha.

      ReplyDelete
    105. I'm always mindful of calling CM anything except CM, Marcus or Sir. Remember, it is possible that our friend is about to become a litigious
      sue maonster. I prefer to be on his good side.

      Anyway, has the Denizen Supreme heard anything about combining two WaMu products into one if you aren't already a Chase customer?

      I have one older WaMu with a high APR and a high CL. I have a new WaMu with no age and a low CL but a nice APR. Can I pick and choose features ala carte?

      ReplyDelete
    106. Clutch, this is my understanding (from talking with Chase). Your WaMu cards will have full privileges of cardmembership. If you have two WaMu cards it's the same thing as having two Chase cards. You can convert them or combine them. Your choice.

      As far as what our cards will be convertible into, that I don't know. I just don't know what our cards are considered the equivalent of. I guess we'll find out in early March.

      And you can call me whatever you'd like.

      ReplyDelete
    107. Interesting. I'm not used to entering a new room with full street cred. Looking forward to seeing how this works out.

      And I think I will stick with CM and Marcus. I will reserve "Sir" for drastic times.

      ReplyDelete
    108. Clutch, I imagine it is strange for some customers to enter the room with full street cred. But that's happening. Of course, some customers are entering the room with inflated APRs. Chase is rate jacking customers left and right.

      I'm still very curious to see how the Providian customers are going to fare. I heard from one today. Rate jacked to 31.99%. I wonder how common that's going to be.

      ReplyDelete
    109. Rate jacked to 31.99% -- but moving to Chase, I should add. Makes me think that Chase is saying "come on over. But we're hoping you'll close your account."

      ReplyDelete
    110. CM your PIF advice has never been more relevant.

      As a PIFer (and someone who wasn't jacked) I was just being happy to get my cards re-boarded to something a little higher up the food chain. I forgot about those carrying a balance.

      Right now, with everyone trying to re-rule "The Game" and come up with new strategies, the one ace up the sleeve is: PIF.

      It's the only leverage you have.

      ReplyDelete
    111. And I am a bit suspicious that, other than secured and maybe Providian, everyone seems to be converting. I haven't read of a single plat closure. Will this come later? The cynic in me is jumping up and down.

      ReplyDelete
    112. I was shocked but ever so pleased to enter the BoA room with full street cred when they took over my Juniper account in July. Not only did I get a nice WorldPoints account, but they gave me a $3k CLI upon arrival, and grandfathered in my 6.9% fixed rate.

      Chase could learn a lot. ;-)

      ReplyDelete
    113. Clutch, my inner cynic said the same thing in the original thread here... no one seems to be getting bad news, not even people who BK'd Chase--which made me wonder if perhaps they're just taking *everyone* at first for convenience's sake, and will start sifting through for real when the dust settles. It seemed to me that these letters were too generic to be anything other than "just so you know, we're taking over" notices.

      I've been trying to stifle my inner cynic, but it ain't easy. CM, talk me down!!! LOL

      ReplyDelete
    114. Ulysses, it's like every jerk gets invited to your neighbors paint party, but only the cool folks get to stay for the beer and pizza.

      ReplyDelete
    115. LOL, Clutch... I don't think banks can afford the beer and pizza anymore. Pass the water and celery sticks!

      ReplyDelete
    116. Ulysses, aren't we jerks springing for both the beer/pizza AND the water/celery? We have a terrible host. I have never been to a paint party where I had to pay for the paint too.

      Talk about the ultimate reach-around.

      ReplyDelete
    117. As far as I've heard, all of the WaMu customers are coming onboard. Some are getting jacked along the way, though. Some of them will have to opt out -- and close their cards.

      It's the Providian people who have been up in the air. But from what I have seen, many of them are coming over, but under extremely unfavorable terms (31.99%, anyone?).

      Ulysses, just because people are coming over doesn't mean that everyone will be retained when it's time to renew those cards. I'm just speculating here, because we can't do much more than that, but I think it might just be easier to bring people over and sort them out later.

      I'll keep my ears and eyes open just in case. :)

      ReplyDelete
    118. The PIF way seems to be the only thing that makes you immune to the shenanigans that card issuers play. When Citibank was "re-pricing," PIFers didn't really have to care all that much. The WaMu customers who come over -- and get bumped to higher rates -- won't have to worry about it if they are PIF customers.

      I'll continue to preach PIF here at CreditMattersBlog.com. I want all of my readers to be immune to credit-card-issuer tactics.

      ReplyDelete
    119. Chase pulled the only boner to this strategy so far with their monthly fee (MF?) to "for life of loan BT" deals.

      I see MF's becoming the new tactic for balance carrying folks and PIFers alike.

      I will close any and all MF's.

      That's my last straw.

      ReplyDelete
    120. I agree w/the PIF philosophy. I only carry a balance on one card (which I haven't used in almost a year, I just pay it off every month) and that rate is 8.55%. The other cards I use to pay for recurring bills I'd pay for anyway (cable, phone, monthly charity donations etc.) and pay in full. The cards that don't have recurring bills on them get tossed a small monthly bone, also paid in full.

      It's really only the store cards that see no regular action (I'm just not a shopper), but when they do... you guessed, PIF.

      ReplyDelete
    121. Any card issuer that assigns a monthly fee will get closed by me. I am not paying a fee to keep the card open. I have plenty of options. If every card issuer assesses a fee, I guess I'd have to go to debit!

      I'm not paying a fee.

      ReplyDelete
    122. Having been on both sides of the aisle (revolver and PIFer) I can tell you that my life has been a lot easier as a PIFer. It also means, though, that I don't splurge on things any longer. I know I have to pay in full, so I think long and hard about purchases that are gonna have to be paid back within 30 days.

      I've saved a lot of money over the past 3 years.

      ReplyDelete
    123. Oh, and I know a lot of my readers carry balances. My thing isn't to hammer them for doing that. My hope is that they'll eventually pay down those balances and never look back. I'm hoping that they'll eventually become PIFers.

      That's why everyone is welcome here at CMB. The goal is to not pay interest every month. But if you do, so be it. Just work toward the goal of getting out of that rut.

      ReplyDelete
    124. CM, me too. I have a psychological barrier now that won't allow me to carry a balance... let alone for something I don't NEED. Like, I'd kill for a MacBook Air. None of my cards would even feel it, and the monthly payment would be nothing. I can easily afford it. But I just can't imagine allowing a large balance like that to report (*shudder*), least of all for something I just want, as opposed to need.

      It's a psychosis.

      ReplyDelete
    125. Two things go through my mind. One, I don't want to pay interest on the computer (that depreciating asset). Two, because I always pay in full, what might my credit-card issuer think when it sees me carry a balance? Yikes. Change of payment behavior. Trouble for the consumer?

      I don't even want a lender to think anything about me. I'd rather they just ignore me.

      ReplyDelete
    126. CM, I'm one of those who paid down those balances (except for that one pesky $1500 balance...) and never looked back. I can't wait to have no bills except rent, utilities and other necessities! Woo-hoo!

      ReplyDelete
    127. CM, tell me about it. I am proud to be typing this message on a 3 day old laptop that I just purchased. I thought about it for months (my 3 year old lappy was just fine, sorta, until its DVD drive and power cord went kaput in one day).

      Sure I could have just bought a replacement that day with a credit card, but realizing that whatever I bought would cost me that amount in 30 days, I researched and researched. I got a killer deal on a most awesome laptop because I took my time and treated my CC like cash. And I got 2% cashback to boot!

      Will I revolve the $1399 or PIF? I bet you can guess.

      P.S. Blu Ray rocks on a lappy!

      ReplyDelete
    128. OMG, that's me too! After not carrying a balance for so long, I don't want to suddenly make a large purchase and draw attention to myself. I prefer to lay low. You won't find me applying for anything or asking for a CLI right now, either. Just forget I exist, OK?

      ReplyDelete
    129. Ulysses, our family sold a house in 2006. I took the profit from that sale and paid off everything. The timing was fortuitous. It was nine months before I headed to law school. Scores, which were in the mid-600s to 675, went to 750 after I paid the balances off. I then started adding new cards to my card portfolio.

      The new accounts kept my scores in the 740-760 range. I stayed there until I finally stopped applying for new cards. After a year of no application, I finally got close to 800 on my scores. Finally.

      It seems that we all get there different ways. But once you get there, you never want to go back to where you were. I guess that's another reason I do what I do now. I ain't going back!

      ReplyDelete
    130. I'm chugging along on a 9-year-old PowerBook that cost me $240. LOL! Apple commercials actually make me cry. But I don't have that sort of money lying around, and if I did, I'd save it for something vital. So I'm on this baby until I hear the dreaded Chimes of Death.

      ReplyDelete
    131. "But once you get there, you never want to go back to where you were."

      Amen, brother. That's it, right there.

      ReplyDelete
    132. Last year I had a friend build a computer for me. Got 1.5TB of space, all of the things I wanted on it, and paid $600. Wasn't going to pay $1500-$2000.

      My only vice these days is my car habit. One day I will break it. For now, though, I'll enjoy the twisties and on ramps. Haha.

      ReplyDelete
    133. Ulysses, I know your a Mac person, but please drool at what I got:

      http://www.newegg.com/Product/Product.aspx?Item=N82E16834220465

      The best part is I did it through MS Live Shopper for -2.75% and -2% cashback on a rewards card...

      Everywhere else this lappy was $1599-$1999

      Maybe us CMB folks could find you a deal on a nice new MacBook...

      ReplyDelete
    134. Nice computer, Clutch. You guys need to help Ulysses out. Get the cost closer to $1300!

      ReplyDelete
    135. Clutch= Bad Influence III

      ReplyDelete
    136. Clutch, LOL... you know us, only Macs make us drool!! But I'm happy for you that you scored the way you did.

      I see the Mac deals every day (why do I torture myself?), and I whine like a child. Apple is selling a refurbished MacBook Air for $999. But to me that's like "OMG, A THOUSAND BUCKS!!" I can't spend that much money at once. Just can't. It's a mental block.

      Sorry CM for going so far OT. :-(

      ReplyDelete
    137. Clutch, you might be able to take over for Bad Influence II. I've pretty much retired during this credit environment. I've been telling people to exercise caution. I've lost my touch.

      ReplyDelete
    138. No worries on going OT. I am sure my readers won't be too upset. By and large, threads on this site don't stray too far. An occasional veer doesn't get anyone into a twist.

      ReplyDelete
    139. While we're a bit OT, if anyone is interested -- you can listen to my music. I play DJ over at blip.fm.

      http://blip.fm/creditmattersblog

      ReplyDelete
    140. You'll notice that I recruited TheLion. Haha. She's a DJ over there too. CMB readers engaging in other activities together.

      Pretty cool that this blog has allowed for some nice interaction.

      Thanks, guys.

      ReplyDelete
    141. I'm following you on Twitter, too. ;-)

      ReplyDelete
    142. That's funny. We need some more DJs over at blip. Come on over and join us.

      ReplyDelete
    143. I'm only a Bad Influence when it comes to computer purchase's. I'm sure the economy will change and you can be Bad Influence credit guy agian.

      In the mean time, I'm intrigued with getting Ulysses into the 21'st century.

      U... you are going to need one sooner or later anyway!

      ReplyDelete
    144. Believe me, Clutch... I know. But in a one-income household in NYC and a low-paying job, there ain't a lot of disposable income!! :-)

      You'd be surprised at how advanced this computer is for its age. It's the most upgradeable laptop ever made by Apple, and I have it pretty souped up.

      ReplyDelete
    145. I hear ya... Just click me when you change your mind!

      lol

      ReplyDelete
    146. Oh, and not to be all pressur-y... I have made wise choices in upgrades in the past and kept computing for way longer than I should have...

      So thumbs up to you!

      ReplyDelete
    147. Plus, I'm unreasonably in love with the thing. LOL It's a common situation with owners of this particular model. We can't let go. Sad, really.I know one day I won't have a choice, but... from my cold, dead hand.

      ReplyDelete
    148. Damn! Thanks Marcus!

      There were a few music that you've played that I've always wanted to know the title/artist for.

      ReplyDelete
    149. See, Azntg, CMB isn't just for credit. Music too. Glad that you were able to get value added here.

      ReplyDelete
    150. Cool. I've created a Blip.fm account and created test blips.

      I think it's pretty straightforward and easy to use. I think once I reveal my Blip account to my friends later, they'll be quite surprised at my musical choices.

      In the meantime, I'll enjoy your musical selections (a short break from WCBS-FM doesn't hurt :-D)

      ReplyDelete
    151. Azntg, be sure to add me as a favorite. Looking forward to hearing your stuff.

      ReplyDelete
    152. I just bought myself a new laptop. I needed one for work and my old one was three years old and had screen issues so I upgraded. This little gem was a steal at Tiger Direct - half the price of the same exact specs at Best Buy.

      Azntg - look me up on Blip, you know the name. And if you don't, look just above this comment to the little blue words :)

      "CMB readers engaging in other activities together."
      My inner 12 year old says that sounds naughty LOL

      ReplyDelete
    153. I finally heard from Chase about the Mypoints Visa. I guess if you have a partner rewards program card (Cabela's, ESPN Total Access or MyPoints.com) You should contact them to see if Chase is still handling it. which MyPoints said they were. Wonder where customer service is? It seems like just a standard issue email to me. Here it is..........

      Thank you for your recent e-mail regarding your account.
      Beginning March 4, your WaMu rewards will transfer to Chase Flexible Rewards, and appear as "Flexible Rewards" on your statement and on Chase Online. Here's how your rewards will be converted:
      - If you were enrolled in Real Rewards, Premium Points or any other points program, then 1 WaMu rewards point will equal 1 Chase Flexible Rewards point.
      - If you were enrolled in Cash Rewards, Cash Rebate or any other cash back program, then $1 of your existing WaMu rewards will equal 100 Chase Flexible Rewards points.
      - If you have a Business Account with rewards your existing rewards will move to Chase Freedom for Business. Each $1 of your existing rewards will equal 100 Chase Freedom for Business points.
      If you would like to redeem within your existing WaMu rewards program, please do so by February 27. After your points transfer, they'll appear on Chase Online with your first statement cycle after March 9, when you can begin to redeem your points. In the meantime, you'll be able to see the full Chase Flexible Rewards catalog by logging on to chase.com/rewards. You can redeem points for travel, gift cards, merchandise, statement credit or even cash back.
      If you were previously enrolled in a partner rewards program, such as Cabela's, ESPN Total Access or MyPoints.com, please contact those partners directly if you have questions about the continuation of their rewards programs.
      If you have further questions or would like additional information, please e-mail us through our secure Contact Center or you may also call our Customer Service Department toll-free at 1-800-280-0561. Representatives are available to assist you 24 hours a day, 7 days a week.
      Thank you. We look forward to more opportunities to meet your financial needs.
      Sincerely,
      WaMu Customer Service
      P.S. We hope you enjoy the convenience of online account access. Keep in mind, at our website you can check your balance, pay your bill, and more - 24 hours a day!

      ReplyDelete
    154. Anon, thanks for the info... and for getting us back on track. WTH got into us last night?! LOL

      ReplyDelete
    155. Ulysses...I think we are all just in "Panic Mode"

      ReplyDelete
    156. After reading through the last couple of days here...that email is the almost exactly the same as the one CreditMatters posted Jan 24th, except they included the partner rewards information on Cabela's ESPN & MyPoints. I emailed through the WaMu site. Don't these companies contract with the Credit Card Companies?

      ReplyDelete
    157. You'd think that they'd contract through the card issuers. Except when you read that note, it's as though they're acting independently -- or have the ability to act on their own.

      ReplyDelete
    158. http://consumerist.com/5139630/chase-eats-all-wamu-credit-cards-in-march-what-happens

      ReplyDelete
    159. Thanks for pointing to that, Ulysses. I was in class all day. Just got in.

      ReplyDelete
    160. I hope all those poor new readers won't see all our OT blathering last night, get bored scrolling through it, and leave. :-(

      ReplyDelete
    161. They're only over here for the article, so I doubt they'll be too upset.

      ReplyDelete
    162. Here's how it really goes: Chase buys Wamu, then cancels your Wamu card. Chase then raises your credit limit by less than half what your limit was on the Wamu card, then doubles your interest rate! Boy, if this is what a good credit gets you, they can keep it.

      ReplyDelete
    163. Anonymous, Chase might end up doing just that at the very end. But only time will tell.

      ReplyDelete
    164. I trust Chase as far as I can throw them. I'll be all over that story if it happens.

      ReplyDelete
    165. Got my cardmember agreement today.

      My fixed 7.99% APR has now become variable 10.24%.

      Oh well, as they say back on Earth:

      C'est la vie!

      ReplyDelete
    166. Exactly what I had heard, Vibe.

      http://www.creditmattersblog.com/2009/01/wamu-cardholders-wont-be-orphaned-will.html?showComment=1232788980000#c782285193633120729

      ReplyDelete
    167. But you don't carry a balance so no worries.

      ReplyDelete
    168. My other argeement came the other day-

      10.9 changing to prime+ 3.9=12.24

      Glad I don't carry a balance on that either.

      I hope Chase was not planing on getting interest from me-

      ReplyDelete
    169. My WaMu MC is at 9.99%. My conversion letter on that card contained no rate change table. Up until now I've taken that to mean no change.

      So far others who received the "short version" of the letter, and who have called to verify, have been told there will be no change. I don't know what their actual APR was though.

      This will be interesting.

      ReplyDelete
    170. Clutch, let me know how that fares. You should be at 10.24% -- and be variable now. Would be interesting if you slipped through the cracks.

      ReplyDelete
    171. Comment from CB:

      "Got my letter yesterday. No problems, being converted to Chase. I was one with a Providian from 2004, changed to WaMu and was worried because we BK'd Chase with a d/c of 2003."

      OK, THIS is the kind of thing that gets my inner cynic going. Since when is Chase not only amenable to a fairly recent BK, but to a BK that included THEM? And this is a pre-WaMu Providian card, as well. Double whammy.

      Something tells me that everyone except secured, long-inactive and delinquent accounts are being automatically brought over to Chase, and THEN the culling will begin. I honestly don't think these letters mean you're home free and have been welcomed into the fold. I think they're general "we have to give you notice that we now own your account, but we'll decide your fate when the dust settles" letters.

      ReplyDelete
    172. Ulysses, yes. That's my thinking. People will come over but won't last long. By the way, I read that comment as meaning that it was a Providian card that got converted into a WaMu card before being brought over by Chase.

      ReplyDelete
    173. CM, the poster said it was a Providian from 2004, meaning "subprime-era" Providian.

      Everyone's been assuming getting a letter means you're safely converted to Chase. I still don't think so. The letters are too generic, and people whom Chase would normally not approve are getting letters. Nothing against these folks--I also have a checkered past with Chase--but I don't think they are safe just because they got a letter. Nor am I.

      ReplyDelete
    174. This is the way I parsed it:

      "I was one with a Providian from 2004, changed to WaMu."

      I read it that it was Providian. Then it was changed to WaMu.

      I'll check out the thread at CB.

      Thanks, Ulysses. And, yes, I would not feel safe just because I got a letter. Eventually Chase might kill the account. I haven't heard that but it doesn't mean that's not going to happen.

      ReplyDelete
    175. So doesn't this mean the poster's account was with the old Providian--not seen by Chase as "legitimate" as the Providian cards later underwritten/issued by WaMu themselves? This poster was only a year out of BK when their Providian was issued in 2004. So this account would (perhaps unfairly) be considered by Chase to be one of the "less desirable" ones.

      So if someone with a subprime-era Providian--who also BK'd Chase only 5 years ago, is getting a letter--I'd say it's a good bet the letters don't mean what everyone thinks they mean.

      Anyone whose company was ever bought out by a larger one will probably recognize this process. They buy the business, tell you all they're now your new boss, and THEN they decide who they'll keep (often by making you re-interview for your own job).

      ReplyDelete
    176. The card definitely started out with Providian. But WaMu converted a bunch of those cards -- and turned them into WaMu platinum cards. Chase will have to unravel the trail to figure that out. Maybe they haven't got to that yet.

      Also, there are some Providian customers -- to this day -- who still have Providian plastic. But these customers are not subprime. They just happened to apply for a card that will lead people to make an erroneous inference.

      ReplyDelete
    177. Like I said, I had two Providian-branded cards. Both were issued after the WaMu acquisition, one was converted to WaMu plastic upon expiration. One still says Providian. Everyone who had Providian plastic would have eventually been converted to WaMu when their cards expired, because WaMu had decided to retire the Providian name for credit cards. They were keeping it for some other venture, but I forget what that was.

      I thought we had decided--or at least surmised--some time ago that subprime-era Providian customers (and I never called the CUSTOMERS subprime, only that era in Providian's history, to distinguish it from the WaMu era) would probably be the odd men out.

      ReplyDelete
    178. What I was told is that Providian cardholders would be scrutinized more carefully. Not sure how they're doing it, but Chase seemingly has a way to isolate Providian accounts. I think the problem is that we might be thinking one thing, when Chase is thinking another thing.

      You know how that goes. I say a word. You understand it's definition to mean X. But I think it means Y.

      ReplyDelete
    179. I got my letter from Chase and my Wamu rate of 9.9 is being upped to 10.24 or 10.9. My current Chase freedom card is at 13.9% so I would not want to combine them, they are about the same CL so should I just keep a balance on both to prevent the combination?

      ReplyDelete
    180. Anon, the combination is at your option -- not Chase's. Even if both of your cards had no balance, Chase isn't forcing anyone to combine their cards.

      The combination, in other words, is up to you. Not Chase.

      ReplyDelete
    181. OK, CM. Just got two letters from Chase... the real ones (i.e. account-specific, and giving me program details of the cards I'll be receiving).

      Like everyone else, I'll be getting Chase Flexible Rewards, IF I continue to meet their credit criteria. Which should be a big fat NO, since a) I have a checkered past with them, and b) my 24-year-old student loan will drop off right before they AR me again, sending my EX score straight down the toilet. :-(

      Also, the letter for the affinity card specifically says the relationship with the DNC has ended. Guess the DNC is shopping around for a new issuer.

      ReplyDelete
    182. I got my letter yesterday. I talked to Chase last night. I asked about the continuing eligibility comment. They say it's no different than Chase customers who come up for renewal. We're always evaluated based on our credit history.

      I'm not buying it at this point. I think it's going to be a little more difficult when WaMu customers come up for their first reviews.

      ReplyDelete
    183. Yup. Like I suspected, those first letters meant zip. Chase hasn't even checked us out yet. They just did a generic mass mailing to all WaMu cardholders to let them know there was a new sheriff in town. Not to tell us we're being converted.

      Interesting thing I just noticed, though... the letters are not identical. One (the WaMu Platinum) says "continue using your WaMu credit card as you normally do. When your existing card expires, you will receive a new Chase card, subject to continuing to meet our credit criteria."

      The other (DNC card) says "continue using your Democratic Party Visa as you normally do. If you continue to meet our credit criteria, you should receive your new Chase card during the month of March."

      Interesting.

      ReplyDelete
    184. Just called and according to a supervisor, yes... the cull is about to begin. One of my cards is "safe" and the other (DNC) will be reviewed and may still be closed.

      BTW, the safe one was converted to WaMu plastic upon expiration, after the Chase acquisition. The unsafe one is still Providian plastic (because it hasn't expired yet). Not sure if that means anything, but besides a year of age, it's the only real difference between the two.

      ReplyDelete
    185. Just as I thought, Ulysses. Providian cards will have the toughest time making the transition.

      ReplyDelete
    186. Both of my cards were Providian. As a matter of fact, the second one came over a year AFTER WaMu acquired Providian, so it's even further removed from "bad Providian" than the first one... the one that seems to have sailed through, which I got right as the WaMu/Providian transition was happening (11/05).

      I'm wondering if perhaps they see, in the current climate, no reason to give me two cards with fairly healthy limits ($10.5k and $8.5k) when I never carry a balance on either, and rarely charge more than $25-50. Maybe I'm just a good candidate for culling because I have two largely unused lines.

      ReplyDelete
    187. Ulysses, you'll keep me apprised of your situation. Wait and see. Assume nothing. We'll just see how this plays out.

      ReplyDelete
    188. We'll see, I guess. But I really don't want a "closed by credit grantor" on my reports. >:-(

      ReplyDelete
    189. I have several of those "closed by grantor" on my reports. It's no big deal. Happens for a number of reasons.

      ReplyDelete
    190. Just don't like 'em.

      One thing I'm curious about is who they'll pull... Chase is usually TU in NY. If so, I may be home free. My TU is preeeeeeeetty! Lovely and pristine, with a PFICO set to easily break 820 in a few days.

      That would be a nice thing to happen.

      ReplyDelete
    191. Pulls are regional. For me, Chase pulls EX. If Chase typically pulls TU you for you in your region, it will likely do it again. It will be a soft pull (account review).

      ReplyDelete
    192. Do you think me a fool, CM? That I know not that pulls be regional? ARRRRRRRRRR! The plank you be walking!

      ReplyDelete
    193. Haha. I assume nothing with my readers. What's more, even though you might know about regional pulls, someone who comes along later -- and reads these comments -- might learn something from my comment.

      But, good to know that you are hip to the skip. But I never know.

      ReplyDelete
    194. I'd think "Chase is usually TU in NY" would have tipped you off... heh xoxo

      ReplyDelete