New member. They closed 2 of my Providian/Wamu cards on July 31. $2000 limit on one, $2500 limit on the other. Had the about 9 years, never late, usually paid in full. $0 balance on both. I received no letter. I found out it was closed when I tried to charge a washer/dryer on line this morning. Declined. Called and was told both were closed due to negative info from Experian. I always carry a balance on my Discover because I always pay it on full. I hate to lose the cards and don't think it is right (especially without the courtesy of a letter), but that's life.
Welcome to the forum! Very sorry about your account closures. You have lots of company.
Please let us know the reason contained in your letter when you receive it. Post it back in this thread if you can.
BTW - this is the first report of a closure occurring on 31JUL that I have seen. Other dates have be 07JUL, 14JUL and 21JUL.
Question for those with closed accounts. Many of you have stated your account was a previously held by Providian. Is anyone with a closure a new WaMu credit card holder? For example, I applied and received my card in Nov 2008 and so far no adverse action (thank goodness). I dont know when the buyout of WaMu was truly official and/or when Chase was officially included in the credit approvals under the WaMu name. Just trying to find the underlying common denominator. Too bad I was never good at math
The current round of closures has effected cards that Chase inherited from WaMu without regard to whether WaMu or Providian originated the account. If you did not app through Chase (and you would know if you had) you have cause to be concerned.