Comments on CreditMattersBlog.com: WaMu Card Customers: Conversion To Chase Credit Ca...

I was mortified today at my Veterinarians office w...

2009-10-26T01:06:15.991-04:00

I was mortified today at my Veterinarians office when my Wamu (chase) CC was declined. I had just checked the avail. credit when setting up my next payment. I have always been ontime and pay more than the min. I had to make other payment and when I got home called to see whats up, I was told the account was closed and I could not use the card anymore.

There is no way I will go with CHASE. Why would ...

2009-05-08T21:56:19.882-04:00

There is no way I will go with CHASE.

Why would I do that if I know from the past experiences with them - that they stole so much money from me!

They sent me a check for $100 to open account with them, I did not fall for it.

Would never do it no matter how much they offer. The stress and pain they cause by taking the money out of your account whenever it suites

Anon, I am writing about this tomorrow morning. I'...

2009-04-14T17:35:37.210-04:00

Anon, I am writing about this tomorrow morning. I've heard from TOO MANY readers who have had this happen.

Thanks.

I'm expecting to pay a penalty for a late payment ...

2009-04-14T17:21:11.906-04:00

I'm expecting to pay a penalty for a late payment this month, because Chase changed my due date on my (formerly)Wamu card without informing me. I called (payment was due the 10th as opposed to the 16th previously). I was told nothing could be done, I should've checked the date. Well, Wamu had ASKED me when I wanted to pay the bill. Chase didn't even INFORM me it had changed the date. Customer

Anon, all card issuers are raising rates. I wouldn...

2009-01-31T11:10:29.945-05:00

Anon, all card issuers are raising rates. I wouldn't take offense to Chase's actions. Fact is, the new floor is 10.24%. That's my rate now. The best rate they are offering, in fact.

If you look around, you'll see that 10.24% is actually pretty competitive. All of the card issuers are hiking rates.

The key is to avoid carrying balances so that these APRs become irrelevant.

I have been a Providian, then WaMu, now turning in...

2009-01-31T10:56:49.289-05:00

I have been a Providian, then WaMu, now turning into Chase, customer since 1998. I have never been late, always paid more than the minimum, and have excellent credit. My APR was recently lowered from 7.74% to 6.99%. I called WaMu to see if my APR will remain the same and was told no, it will increase to 10.24% NICE! With this economy why are they making it more difficult? What is the reward

I talked to Chase yesterday. They tell me that thi...

2009-01-30T19:25:47.739-05:00

I talked to Chase yesterday. They tell me that this language applies to all Chase and WaMu customers. In other words, even as a Chase customer I am subjected to that kind of language when my Chase card comes up for renewal every three years or so.

I'm taking a wait-and-see approach right now, though. I have a feeling that it will be a bit more difficult for WaMu customers when it comes

I received the letter from chase and what to know ...

2009-01-30T19:23:25.977-05:00

I received the letter from chase and what to know if they will trf over from Wamu the cc credit limit as well. My letter says "If you continue to meet our credit criteria you shuld receive your new Chase card during the month of March." Looks a little iffy to me.

Anon, that's what I figured. Thanks for posting.

2009-01-29T11:06:18.785-05:00

Anon, that's what I figured. Thanks for posting.

I called and they confirmed that the promo rate wo...

2009-01-29T10:29:42.663-05:00

I called and they confirmed that the promo rate would not be affected. Thanks!

Your promo rate should be unaffected by the transi...

2009-01-28T10:13:55.350-05:00

Your promo rate should be unaffected by the transition. But call just to make sure.

I just received my letter. I had a promotional ra...

2009-01-28T06:18:57.130-05:00

I just received my letter. I had a promotional rate for my existing balance on Wamu. It wasn't set to expire until Aug 09'. The new agreement that was sent doesn't mention anything about existing promo rates (unless I missed it). Does anyone know if the new APR (effective 3/6) will override that promo rate?

Sounds like a plan, Anon. You'll be better off any...

2009-01-26T13:03:15.222-05:00

Sounds like a plan, Anon. You'll be better off anyhow. You'll end up saving money by buying less wants.

I'm not going to rack my brain anymore on it...bas...

2009-01-26T13:01:48.619-05:00

I'm not going to rack my brain anymore on it...basically I used the card for almost everything that I used to use cash for and then pay it off every month, just to get my points. Now with the economy like this and I'm in the "Dwindling Advertising Sales Business", I would keep a balance on my cards. Just have to be frugal and watch my spending now.

Anon, you're trying to make sense out of the card ...

2009-01-26T12:49:12.760-05:00

Anon, you're trying to make sense out of the card industry? I gave up long ago. It would seem wiser to keep rates lower, which, you'd think, would encourage balances. But that's not the way it works. The sharks, er, card issuers go for the throat by jacking rates as high as possible.

I guess I should consider myself lucky at 24.24%. ...

2009-01-26T12:47:12.267-05:00

I guess I should consider myself lucky at 24.24%. It is a variable rate, they gave me 18 months at 0%, then it went to the 11.99%.
I called them and was on hold too long, cell phone went dead. Evidently they raised it to 21.99% in September, than to 23.99% in October. I'm still searching back to when it jumped from the original 11.99%.
I never paid attention cause I always PIF, but now

I was worried about the Providian customers. Maybe...

2009-01-25T18:35:17.421-05:00

I was worried about the Providian customers. Maybe Chase has decided that it will just run customers off with 31.99% interest rates.

Well, it's official.....Just as Providian did a fe...

2009-01-25T18:33:28.892-05:00

Well, it's official.....Just as Providian did a few years ago, CHASE has sent out notices that within the next few months, our interest rates will jump to 31.99%, if we continue using their cards...even those of us with good credit! I bet you that the same ass that ran PROVIDIAN and WAMU cards (Mr. Pritchett) is still at the helm! I think it's time to move my WAMU/CHASE accounts!

Anon, I would advise that you call WaMu and tell t...

2009-01-24T14:38:38.929-05:00

Anon, I would advise that you call WaMu and tell them exactly what you said here. Get a supervisor. Tell them that you would appreciate a goodwill adjustment and restoration of your interest rate. SOunds like they screwed up.

Good they are keeping the Platinum. I have a Mypoi...

2009-01-24T14:24:30.415-05:00

Good they are keeping the Platinum. I have a Mypoints WaMu Platinum, that was at 11.99% and they raised it to 24.24%. Never late for life of account. Changed my bill cycle and due date and got me for $23 interest. I left a $100 balance. I usually PIF, which I do online and did last month for the last $100 payment and it took 5 days to post, used to post the day I would put in. I got the

No worries, Ulysses. I understand the frustration....

2009-01-17T16:29:59.520-05:00

No worries, Ulysses. I understand the frustration.

hahaha, I'll get off my soapbox now. I don't mean ...

2009-01-17T16:28:18.940-05:00

hahaha, I'll get off my soapbox now. I don't mean to sound like... you-know-who (Poor me! Everyone's out to get me! Experian is "stealing" my account! Why should I have to suffer?) This worry has been festering for quite a while now, but it just sort of exploded as it's now reality.

Ulysses, I have no doubt that you are going to suf...

2009-01-17T16:19:12.348-05:00

Ulysses, I have no doubt that you are going to suffer when that ancient account falls off. No way around it.

And I still agree with your argument. :)

Problem is that every time you open a new account ...

2009-01-17T16:17:47.736-05:00

Problem is that every time you open a new account to replace ones that will be phased out, your average age gets lower and lower. I've been trying to do that for the past 4 or 5 years, as old loans, lines of credit, now-defunct creditors (none of those closed by choice) combined cards, lost/stolen and old subprime cards with annual fees have been dropping off.

I think a lot of this stuff

Ulysses, your argument makes sense to me. I am jus...

2009-01-17T16:01:35.494-05:00

Ulysses, your argument makes sense to me. I am just trying to make sense of the 10-year rule.

You have to figure, though, that most people don't, out of the blue, stop using credit for a decade. Most people will replace the accounts that they've closed with other accounts.

I hear you, though. I don't see what the problem with just leaving the record intact is.